Bitcoin is about to make new lows [Video]

Peter Mathers TradingLounge

Cryptocurrencies: Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLounge.

Bitcoin Headline News:Report: Bitcoin locked under 20,000 is a bearish situation, selling new lows would be the next step... As the pattern sitting across 20k is corrective and therefor a continuation pattern of the current downtrend in Bitcoin.

Crypto Market Summary Bitcoin Elliott Wave Analysis: Wave (ii) of v).

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

Zcash Price Forecast: ZEC tests $500 threshold amid risks of a deeper correction

Zcash price hovers around $500 on Friday after five consecutive days of losses, testing a crucial support cluster. The privacy coin holds retail strength, with a positive funding rate despite over $2 million in liquidations over the last 24 hours, suggesting bullish bias persists.

Dogecoin Price Forecast: DOGE eyes $0.065 after breaking key support level

Dogecoin price trades in the red below $0.0700 on Friday, following a 5% drop the previous day. DOGE loses retail strength as broader market speculative demand eases with elevated tensions between the US and Iran. The technical outlook for DOGE points to deeper losses below $0.065.

Cardano Price Forecast: Mixed signals cap ADA recovery

Cardano extends its decline, trading below $0.168 on Friday after facing rejection at the 50-day EMA earlier this week. Mixed derivatives metrics indicate traders' indecision, while neutral momentum indicators suggest ADA lacks a catalyst for a sustained move in either direction. Derivatives data for Cardano show mixed sentiments among traders.

Crypto Market Overview: Bitcoin tests 50-day EMA support – Pi Network and Sky lead losses

The broader cryptocurrency market faces headwinds with rising tensions between the US and Iran, pushing Bitcoin (BTC) down to its 50-day Exponential Moving Average (EMA) support around $65,135 on Friday. Under pressure, Pi Network (PI) and Sky (SKY) emerge as the worst-performing crypto assets over the last 24 hours.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.