Aug 26, · On the Reddit forum r/darknet a great number of the , subscribers are talking about the incident. Some posts assume that the Empire Market “money is gone” and people have been checking the BTC addresses they leveraged while using the marketplace. Individuals are also discussing how much they lost from Empire Market’s sudden departure. Dec 08, · Bitcoin could slump to $18, in the coming sessions if the price loses the ground above $19, Ethereum is likely to drop to $ if the short-term SMA support fails to hold. Ripple . Dec 17, · The XRP pump began after Bitcoin, the world’s leading cryptocurrency by market valuation, jumped above a sough-after resistance level of $20,The BTC/USD’s upside move influenced rival tokens to tail the trend thanks to its long-standing positive correlation with top .
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The selloff was likely triggered after OKEx exchange resumed withdrawals. Bitcoin is under intense headwinds with losses extending below the most crucial level at the 50 Simple Moving Average on the 4-hour chart.
The bearish divergence pattern formed by the Relative Strength Index also validated the downtrend. Bitcoin could extend the bearish leg to the SMA before recovery comes into play. The RSI has dived into the oversold area, which means that selling pressure is intense at the time of writing. A symmetrical triangle pattern points towards a possible breakout. It is worth noting that the cryptoasset is still in the hands of the bulls due to the golden cross pattern formed by the 50 SMA crossing above the SMA.
The selling pressure emanated from the SMA in conjunction with the Bollinger band upper boundary. Besides, the RSI confirms the ongoing sideways trading by holding steadily above the midline.
On the other hand, declines will come into the picture if the 50 SMA support is broken. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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The cryptocurrency market slipped into a red zone, with all major altcoins nursing significant losses.