Bitcoin and altcoins make 'nasty move': 'New lows incoming'

11 Apr, 2019 | Updated: 11 Apr, 2019
by Jelmer van der Dussen
News
Bitcoin and altcoins make 'nasty move': 'New lows incoming'

The cryptocurrency market is showing red today, with Bitcoin on its way down to $5000 and most altcoins losing 5-12% of their value. The positive sentiment of the last week has been replaced by a somewhat more pessimistic outlook on the market by traders.

Tyler Jenks, president of Lucid Investment that predicts Bitcoin could go to $10 million at some point, came out with a tweet today stating that Bitcoin is heading back to the $4000-$4200 zone. This would mean a drop of over $1000 from the current price point, and a return to the pre-pump levels. Jenks wrote that 'I have not commented on Bitcoin since we broke up through the $4000-$4200 resistance zone. I believe we are headed back down to that zone and it will not hold. New lows incoming.' Jenks adds that his target of Bitcoin at $1000 is 'unchanged'.

Nicola Duke, a popular trader on Twitter and YouTube, says that Bitcoin made a bit of a 'nasty move' overnight. 'A false break-out, usually a sign of an irregular correction.' She is a bit more optimistic than Jenks, pointing out that $4800 is the zone to buy back in right now. The immediate support for this current swing is sitting at around $5000. Depending on the next move of Bitcoin, we could see a drop back to $3500 or a run to $5800, or even $7000, Duke explains in the video.




In this current dip the altcoins are experiencing a bigger hit than Bitcoin, with Ethereum and Bitcoin Cash 8% and Litecoin even 10%.

The worst altcoin performers in the top 100 are IOST, NULS, Loopring, Revain and Aion.

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

3 Top Altcoins to Watch right now! Subscribe to the Chepicap YouTube Channel for more videos!

Read more about:Bitcoin (BTC)

Poll

What's next for Bitcoin?

(96 votes)

Add a comment

I was making my research about cryptocurrency and i read a lot of articles on bitcoins and the rest of the coins. I wonder how i can acquire some coins because i know crypto will run the world real soon. I read about mining of bitcoins and i saw it was possible to mine bitcoins and i also discover the current price of bitcoins is $5,112. That was a whole lot of cash in my country.....I read where you can higher a miner to help you mine certain bitcoins. I join some forums and keep looking for help and i saw everyone thanking the prof for his good deeds. I saw that the prof help a student mine 4.3 btc in 4 days. I was convince enough and i emailed the prof right away and the result was mind blowing. He help me mine 3.8 btc in less than 4 days i was able to see the bitcoins on my blockchain. I had to sell the bitcoins as soon as possible so as to confirm it's real and not fake and guess what? I got my cool cash in my account and i am currently working on earning more bitcoins with the prof again. I just have to drop this here for anyone who need his help. You won't regret contacting him and am sure you will thank me later for this great info: (Profsydneycryptoconsultancy@gmail.com or (443) 338-3730).
16 Apr, 2019 - 00:26
Hello everyone i want to testify of the great and powerful spell caster named Priest Ade who brought back my ex who left me and got engaged to another girl,We where happy together when all of a sudden he just change he used to call me every morning and and night before going to bed but all that stopped when i call him he yell at me and told me he didn't want to have anything to do with me anymore i was so sad and confused i didn't know what to do then i went online to search on how to get back my ex then i found an article where someone was talking about how the great and powerful Priest Ade helped her and she left his email address i took it and contacted him i told him my problem he only smiled and told me to relax everything will be OK i did everything he asked me to do and he assured me that after 24hrs he will be back,To my greatest surprise the next morning it was my boyfriend he came back knelling and begging for me to accept him back now we are so happy together he can also help you contact him

ancientspiritspellcast@yahoo.com or ancientspiritspellcast@gmail.com

http://ancientspiritspell.blogspot.com

Website http://ancientspiritspellcast.website2.me

View more on YouTube: https://youtu.be/jWta3jLP_fo

WhatsApp +2347059715465
19 Apr, 2019 - 15:53

Check out the latest news

You will be logged out and redirected to the homepage