Bitcoin 37 items
Trend Analysis Suggests Bitcoin's Bad Year Is About to Get Worse - Bloomberg (bloomberg.com)
Bitcoin’s bad year may be getting worse. The world’s biggest cryptocurrency, which nearly reached $20,000 in December, has lost almost two-thirds of its value since then.

And according to the Directional Movement Index, Bitcoin is on its strongest negative trend since the sell-off earlier this year. The index’s ADX line is currently at 39.3. Anything above 25 is considered a strong trend.

Meanwhile, the index’s DVAN trend line, a divergence analysis that measures buying or selling pressure, is also giving off ominous signals. Data show that the market in June has been holding onto an overall bearish sentiment, characterized by the red band in the top-most chart above, that started around mid-May.

With no end in sight to the selling trend in Bitcoin, the digital currency could test its 2018 low.
    • 1
    Francisco Gimeno - BC Analyst it is very very difficult to foresee the crypto market. We are witnessing a sharp fall this week, when some time ago we were talking about a possible bullish market. The bearish market we are now is the result of many things, mostly fear of investors on SEC regulations in USA, financial and corporative institutions gearing up to invest and a healthy move to clean the more volatile and speculative elements. We, as usual, can only wait and see.