10.7 C
Amsterdam
20 May 2022

PumpMoonshot

  • Home
  • News
    • News

      USDT circulating supply is reduced by more than…

      19 May 2022

      News

      Terraform Labs To Cough Up $78M Penalty For…

      19 May 2022

      News

      Apecoin price analysis: Bullish momentum to continue as…

      19 May 2022

      News

      Solana Price Analysis: What if SOL regains its…

      19 May 2022

      News

      Ripple Brings Its XRP-Powered On-Demand Liquidity (ODL) Solution…

      19 May 2022

      News

      BTC, XRP, ADA and BNB Price Analysis for…

      19 May 2022

  • Bitcoin
    • Bitcoin

      Bitcoin is the Internet’s Only Money, Jack Dorsey…

      20 May 2022

      Bitcoin

      Bitcoin, Ethereum Reach Extremely High Correlation with Stocks,…

      19 May 2022

      Bitcoin

      Bitcoin ($BTC) and Ethereum ($ETH) Will Outperform Equities…

      17 May 2022

      Bitcoin

      Bitcoin Maintains $30K, Terra’s UST Continues Crashing and…

      17 May 2022

      Bitcoin

      FTX CEO Thinks Bitcoin Has No Future as…

      16 May 2022

      Bitcoin

      Jack Dorsey Names Reason for Next Bitcoin Price…

      14 May 2022

  • Ethereum
    • Ethereum

      Ethereum Hits $250 Billion Mark: Is $3,500 Within…

      18 May 2022

      Ethereum

      Bullish & Bearish Case Emerges for Ethereum! Will…

      5 May 2022

      Ethereum

      Ethereum Regains Strength But $3K Is Still A…

      5 May 2022

      Ethereum

      Ethereum risks 35% drop by June with ETH…

      2 May 2022

      Ethereum

      BAYC Team Yuga Labs Raises $285M from ‘Otherside’,…

      2 May 2022

      Ethereum

      Ethereum’s quest to launch its merge to transcend…

      28 April 2022

  • Blockchain
    • Blockchain

      SOLANA (SOL), CARDANO (ADA), AVALANCHE (AVAX) AND BITGERT…

      13 March 2022

      Blockchain

      BlackRock, World’s Largest Asset Manager Files A Blockchain…

      22 January 2022

      Blockchain

      Ferrari forges a deal with blockchain organization Velas…

      29 December 2021

      Blockchain

      What Metaverse Holds For Us in 2022?

      27 December 2021

      Blockchain

      Regulation Is Coming, These Blockchain Projects Are Ready

      24 November 2021

      Blockchain

      Mexican Company Launches Blockchain-Powered COVID-19 Test Certificates

      18 October 2021

  • Altcoins
    • Altcoins

      We are close to a global recession, says…

      19 May 2022

      Altcoins

      Shib Army Burns Nearly 13 Billion SHIB In…

      19 May 2022

      Altcoins

      A Legal Case Involving The Hack Of Crypto…

      19 May 2022

      Altcoins

      Crypto Space May Have to Wait for Two…

      19 May 2022

      Altcoins

      Football Legend James Rodríguez Partners with ZKSea NFT…

      19 May 2022

      Altcoins

      ‘It’s Too Early to Have Algorithmic Stablecoin,’ Says…

      19 May 2022

  • Tools & Analytics
    • Price Analysis
    • CoinMarket
    • Top 10 Crypto chart
    • Top 50 Crypto list
    • Calculator
    • Converter
    • Mining Calculator
FacebookTwitterInstagramLinkedinTelegram
PumpMoonshot
Image default
  • Home
  • Bitcoin
  • Bitcoin 51% Attack Vector | ELEVENEWS
Bitcoin

Bitcoin 51% Attack Vector | ELEVENEWS

by PumpMoonshot14 January 20190428
Share0


After breaching key support on Sunday, emboldened bears could soon push bitcoin (BTC) prices back towards $3,100.

Following a drop to a 3.5-week low of $3,476 at 16:00 UTC yesterday, the cryptocurrency closed at $3,516, effectively invalidating the bullish view put forward by the higher low of $3,566 carved out on Dec. 27.

That move also added credence to the bearish reversal signaled by the 9 percent price drop witnessed last Thursday.

Put simply, the bears have strengthened their control of the market, after the bulls failed to penetrate the head-and-shoulders neckline resistance of $4,130 and build a stronger rally last week.

As of writing, BTC is changing hands at $3,530 on Bitstamp, representing a 2 percent drop on a 24-hour basis.

Daily chart

As seen above, BTC found acceptance below $3,566 (Dec. 27 low) yesterday, validating the bearish doji reversal confirmedon Jan. 10.

The 14-day relative strength index (RSI) is reporting bearish conditions at 42.00, having breached the ascending trendline last week. Further, the 5- and 10-day moving averages (MAs) are trending south, indicating bearish setup.

So, it could be argued that the recovery rally from the December low of $3,122 has only ended up recharging the engines for a fresh sell-off.

3-day chart

BTC’s fall back to $3,500 has invalidated the positive view put forward by the three-day bullish outside-reversal candle of Dec. 20.

Moreover, the cryptocurrency’s failure to produce a significant price rally despite the positive divergence of the RSI, confirmed on Dec. 14, indicates that the bearish sentiment is still quite strong.

Weekly chart

On the weekly chart, BTC has created a bearish outside-reversal candle (last week’s price action engulfed the previous week’s high and low) signaling a resumption of the primary bearish trend, as represented by the downward sloping 10-week  moving average (MA).

View

  • BTC could re-test the 200-week MA of $3,266 in the next few days and could extend the decline to the December low of $3,122.
  • A weekly close (Sunday as per UTC) below the 200-week MA of $3,266 would open the doors for a deeper drop below $3,000.
  • Acceptance above the downward sloping 10-week MA, currently at $3,919, would abort the bearish view.

 Disclosure: The author holds no cryptocurrency assets at the time of writing.

source:.coindesk.

previous post
Is Google blocking ‘Ethereum’ Ads?
next post
The Big Bang, FIFA World Cup and Laws That Make Bitcoin Risk Completely Normal!

Related posts

Bitcoin targets $1T in settlement in 2020 — Stablecoin growth explodes

PumpMoonshot22 July 2020

Bitcoin Banking App Mode Eyes £40M UK Listing

PumpMoonshot7 September 2020

LocalBitcoins releases statement confirming breach; outgoing transactions resumed

PumpMoonshot27 January 2019

Price Bar

bitcoin Bitcoin
€28,627.06
€28,627.06
EUR: €28,627.06
GBP: £24,297.48
7D Chart3.78%
ethereum Ethereum
€1,906.08
€1,906.08
EUR: €1,906.08
GBP: £1,617.80
7D Chart2.94%
ripple XRP
€0.395
€0.395
EUR: €0.395
GBP: £0.335
7D Chart1.000%
polkadot Polkadot
€9.48
€9.48
EUR: €9.48
GBP: £8.04
7D Chart2.78%
monero Monero
€154.56
€154.56
EUR: €154.56
GBP: £131.18
7D Chart2.49%
vechain VeChain
€0.029
€0.029
EUR: €0.029
GBP: £0.025
7D Chart3.07%
theta-token Theta Network
€1.18
€1.18
EUR: €1.18
GBP: £1.00
7D Chart0.280%
zilliqa Zilliqa
€0.047
€0.047
EUR: €0.047
GBP: £0.040
7D Chart1.63%

COIN360

Recent Posts

Bitcoin is the Internet’s Only Money, Jack...

PumpMoonshot20 May 2022

We are close to a global recession,...

PumpMoonshot19 May 2022

USDT circulating supply is reduced by more...

PumpMoonshot19 May 2022

Terraform Labs To Cough Up $78M Penalty...

PumpMoonshot19 May 2022

Apecoin price analysis: Bullish momentum to continue...

PumpMoonshot19 May 2022

Shib Army Burns Nearly 13 Billion SHIB...

PumpMoonshot19 May 2022

Solana Price Analysis: What if SOL regains...

PumpMoonshot19 May 2022

A Legal Case Involving The Hack Of...

PumpMoonshot19 May 2022

Sponsered

Featured News

Ethereum Hits $250 Billion Mark: Is $3,500 Within Reach Already?

PumpMoonshot18 May 2022

Bullish & Bearish Case Emerges for Ethereum! Will ETH Price Hit $10,000 or Slide Down to $1000?

PumpMoonshot5 May 2022

Ethereum Regains Strength But $3K Is Still A Major Hurdle

PumpMoonshot5 May 2022

Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout

PumpMoonshot2 May 2022

News

YouTube Demonetizing Your Content? Bitcoin Fixes This

PumpMoonshot25 November 2019

Avalanche drops 30% on fears Terra’s LFG will dump AVAX next

PumpMoonshot11 May 2022

Macro Guru Raoul Pal Fighting Urge To Sell All Bitcoin for Ethereum – Here’s Why

PumpMoonshot24 April 2021

Attorney discusses worst-case scenarios of SEC lawsuit against Ripple Labs

PumpMoonshot24 January 2021

Recent Posts

Bitcoin is the Internet’s Only Money, Jack Dorsey Says

PumpMoonshot20 May 2022

We are close to a global recession, says Raoul Pal about Bitcoin in the crisis

PumpMoonshot19 May 2022

USDT circulating supply is reduced by more than $7 billion

PumpMoonshot19 May 2022

Terraform Labs To Cough Up $78M Penalty For Tax Evasion

PumpMoonshot19 May 2022

Donations

Categories

  • News (11,401)
  • Bitcoin (6,865)
  • Altcoins (5,245)
  • Ethereum (2,858)
logo
About US
PumpMoonshot is a Crypto news site, we bring all crypto news in one place. All tools guides analylitcs, we bring it to you. For Ico shoutouts or reviews, you can email us we will do a full analyze of the ico.
Contact us: admin@pumpmoonshot.com
Follow us
FacebookTwitterInstagramLinkedinTelegram
@2021 - www.pumpmoonshot.nl. All Right Reserved. Designed and Developed by Violater Inc
PumpMoonshot
FacebookTwitterInstagramLinkedinTelegram
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • Tools & Analytics
    • Price Analysis
    • CoinMarket
    • Top 10 Crypto chart
    • Top 50 Crypto list
    • Calculator
    • Converter
    • Mining Calculator
  • bitcoinBitcoin(BTC)€28,627.063.78%
    BITCOIN
    24H : 3.78%
    Volume : €28,182,823,799.37
    Marketcap : €545,263,713,725.88
  • ethereumEthereum(ETH)€1,906.082.94%
    ETHEREUM
    24H : 2.94%
    Volume : €17,371,840,133.11
    Marketcap : €230,340,078,285.25
  • tetherTether(USDT)€0.9460.080%
    TETHER
    24H : 0.080%
    Volume : €49,582,278,139.56
    Marketcap : €70,182,739,217.41
  • usd-coinUSD Coin(USDC)€0.9460.170%
    USD COIN
    24H : 0.170%
    Volume : €6,822,680,031.37
    Marketcap : €49,899,843,507.87
  • binancecoinBNB(BNB)€288.874.08%
    BNB
    24H : 4.08%
    Volume : €1,506,751,167.42
    Marketcap : €48,607,169,135.96
  • rippleXRP(XRP)€0.3951.000%
    XRP
    24H : 1.000%
    Volume : €2,045,361,986.55
    Marketcap : €19,123,342,981.42
  • binance-usdBinance USD(BUSD)€0.946-0.04%
    BINANCE USD
    24H : -0.04%
    Volume : €6,377,765,117.10
    Marketcap : €17,556,418,477.18
  • cardanoCardano(ADA)€0.5001.06%
    CARDANO
    24H : 1.06%
    Volume : €810,018,703.80
    Marketcap : €16,913,337,204.22
  • solanaSolana(SOL)€49.122.13%
    SOLANA
    24H : 2.13%
    Volume : €1,567,568,793.47
    Marketcap : €16,675,720,052.52
  • dogecoinDogecoin(DOGE)€0.0820.570%
    DOGECOIN
    24H : 0.570%
    Volume : €475,438,364.94
    Marketcap : €10,834,864,697.83
  • polkadotPolkadot(DOT)€9.482.78%
    POLKADOT
    24H : 2.78%
    Volume : €634,480,755.41
    Marketcap : €10,565,927,919.01
  • wrapped-bitcoinWrapped Bitcoin(WBTC)€28,627.063.89%
    WRAPPED BITCOIN
    24H : 3.89%
    Volume : €466,518,072.15
    Marketcap : €8,003,036,347.50
  • staked-etherLido Staked Ether(STETH)€1,872.832.84%
    LIDO STAKED ETHER
    24H : 2.84%
    Volume : €25,642,157.69
    Marketcap : €7,866,012,041.92
  • avalanche-2Avalanche(AVAX)€28.07-2.84%
    AVALANCHE
    24H : -2.84%
    Volume : €709,978,193.04
    Marketcap : €7,561,238,408.83
  • tronTRON(TRX)€0.0702.66%
    TRON
    24H : 2.66%
    Volume : €930,722,872.72
    Marketcap : €6,774,568,861.15
  • shiba-inuShiba Inu(SHIB)€0.0000110.160%
    SHIBA INU
    24H : 0.160%
    Volume : €377,895,352.81
    Marketcap : €6,147,577,509.54
  • daiDai(DAI)€0.9470.180%
    DAI
    24H : 0.180%
    Volume : €385,667,310.63
    Marketcap : €5,830,576,961.14
  • litecoinLitecoin(LTC)€67.425.52%
    LITECOIN
    24H : 5.52%
    Volume : €664,316,046.67
    Marketcap : €4,741,564,661.72
  • crypto-com-chainCronos(CRO)€0.1853.98%
    CRONOS
    24H : 3.98%
    Volume : €32,164,044.05
    Marketcap : €4,673,530,867.13
  • leo-tokenLEO Token(LEO)€4.700.520%
    LEO TOKEN
    24H : 0.520%
    Volume : €2,433,532.24
    Marketcap : €4,391,236,779.30
Cookies To make this site work properly, we sometimes place small data files called cookies on your device. Most big websites do this too. Read more
Accept
Cookies Settings
Cookie Box Settings
Cookie Box Settings

Privacy settings

Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. For information on deleting the cookies, please consult your browser’s help function. Learn more about the cookies we use.

With the slider, you can enable or disable different types of cookies:

  • Block all
  • Essential
  • Functionality
  • Advertising
  • Hide details
  • Save & Close
  • Block all
  • Essentials
  • Functionality
  • Advertising

This website will

  • Essential: Remember your cookie permission setting
  • Essential: Allow session cookies
  • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
  • Essential: Keep track of what you input in a shopping cart
  • Essential: Authenticate that you are logged into your user account
  • Essential: Remember language version you selected

This website won't

  • Remember your login details
  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country
  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions
  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website will

  • Essential: Remember your cookie permission setting
  • Essential: Allow session cookies
  • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
  • Essential: Keep track of what you input in a shopping cart
  • Essential: Authenticate that you are logged into your user account
  • Essential: Remember language version you selected
  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country

This website won't

  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions
  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website will

  • Essential: Remember your cookie permission setting
  • Essential: Allow session cookies
  • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
  • Essential: Keep track of what you input in a shopping cart
  • Essential: Authenticate that you are logged into your user account
  • Essential: Remember language version you selected
  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country
  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions

This website won't

  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website will

  • Functionality: Remember social media settings
  • Functionality: Remember selected region and country
  • Analytics: Keep track of your visited pages and interaction taken
  • Analytics: Keep track about your location and region based on your IP number
  • Analytics: Keep track of the time spent on each page
  • Analytics: Increase the data quality of the statistics functions
  • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
  • Advertising: Gather personally identifiable information such as name and location

This website won't

  • Remember your login details
Save & Close