Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Reload Captcha

Bitcoin is having a bad day

Written by  Guest Contributor: Anthony Marks - Crypto Trader May 21, 2020

Only yesterday it looked to be heading to 10000 mark, and then probably rising further to new heights. 

The price met resistance at 9500, I was just thinking that it was consolidating before climbing back up again.


Image courtesy of TradingView (4hr chart)

It has now ignored solid resistance at 9300 too and slipping rapidly, surely this trend will turn and the price will go up again in the next 24 hours

Advertisement

Analysts predicted 10000 and beyond, but the reality of real world volatility is very evident today.

This is a temporary dip in my opinion.

What do you think? Comment below or follow us on Facebook or Twitter.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Follow Us

Advertisement

Popular Diary Entries

May 10, 2020

Big dip in Bitcoin, thankfully

As mentioned in my previous diary entries the price was artificially high.

May 12, 2020

The Bitcoin halving what happened: Nothing much

What a disappointment that was.

May 24, 2020

Bitcoin is losing ground this weekend

What was expected to be a good weekend for Cryptos and in this case Bitcoin hasn't turned out that way. ...

Jun 10, 2020

Bitcoin $10000 mark is getting very close

Bitcoin has been steadily rising for days now and is certainly holding its own.

May 28, 2020

Bitcoin near $9500 will it reach £9700 soon

Bitcoin keeps heading up as the bulls are taking control?

Jun 22, 2020

Bitcoin price is set to go lower but going up

Analysts and consistently predicting a price vrash for Bitcoin.

Jun 17, 2020

Bitcoin price looking to dip

I've been looking at expected movement in Bitcoin and a big dip down seems to be the popular opinion. ...

Jun 24, 2020

Bitcoin finally reacts

Bitcoin has been expected to dip in value for days now.

Jun 05, 2020

Bitcoin is around $9700, but not for long

In the hope of not having to repeat myself, I'm repeating myself!

May 13, 2020

Bitcoin price is steadily rising despite dull halving

The halving meant no matter how miners feel about it, the reward (revenue) they get per block is now chopped in half.  ...

Apr 29, 2020

Bitcoin is now over 8000 and still showing positive signs

The bitcoin price has now reached over 8000 and still rising with a rising RSI. ...

May 07, 2020

Bitcoin testing $9,300 level but is it the end of its run for now?

The Bitcoin price has broken out from a short-term descending resistance line but still has yet to move above its 30th A...

Calendar

« July 2020 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31