Bitcoin has yet to demonstrate its real purpose. The technical picture implies further decrease within a wide range. Bitcoin is about to finish the second positive week in a row. The first digital ... Why A Dead Cat Bounce In The Dollar Is Bad For Bitcoin, Gold, and Altcoins A bouncing dollar doesn’t bode well for Bitcoin’s recent rally , which could see a pullback as a result. This is best demonstrated by comparing Bitcoin against an inverse DXY dollar currency index chart to better depict the dollar’s continued weakness versus Bitcoin’s strength. The trend remains bearish and any near term upside or a dead cat bounce would be an opportunity to sell or short sell and not buy. If Bitcoin (BTC) ends up declining below $3,000 during the next downtrend it will have some serious implications for the altcoin market. Many overhyped coins would be at risk of losing most of their value. A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days. Author admin Posted on September 4, 2020 Categories Bitcoin, Bitcoin Cash, Bitcoin SV, ethereum, litecoin, Markets, Price Analysis, ripple Tags binance coin, Bitcoin, Bitcoin Cash, Bitcoin SV, Chainlink, cointelegraph, Crypto.com Coin ... Bitcoin Ethereum Ripple Chainlink Bitcoin Cash Binance Coin Bitcoin SV Litecoin Crypto.com Coin EOS Tron Cardano Tezos Stellar Lumens Monero NEO UNUS SED LEO NEM Cosmos Iota Dash VeChain ZCash Ethereum Classic Maker Ontology HedgeTrade Algorand THETA Basic Attention Token FTX Token Dogecoin BitTorrent 0x DigiByte Ren Waves Kyber Network Icon ... Bitcoin Price Analysis: BTC/USD performs a dead-cat bounce ahead of the halving – Confluence Detector Cryptos May 11, 15:37 GMT Bitcoin (BTC) returns to the area below $9,000 after ... Dead cat bounce = When the price is in an overall decline but suddenly rises for a short time before dropping again. Catching a falling knife = Buying a coin/token as it continues to fall. HODL = Hold – Bitcoin slang for not selling. Buying and not trading a coin is classed as HODL, usually long term. (Hold was misspelt by a drunk trader back ...
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