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Bitcoin Falls Below $9,000 as Price Teases Trading Corridor Breakdown   #Bitcoin   (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move. Data from Coin360 showed   #BTC  /USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday. Bitcoin flickers bearish That corridor had broadly characterized the largest cryptocurrency since the end of October. A brief spurt beyond to $9,520 was soon met with resistance, while a dip into the $8,000 range was also short lived. In daily trading, Bitcoin hit local lows of $8,980 before likewise bouncing higher, with markets currently trading at around $9,000. As reported, suspicions have mounted among analysts over price behavior in recent weeks and months. Earlier, erratic moves CME Group’s Bitcoin futures market gained particular attention. There, the Bitcoin price moved to fill a “gap” in trading — observed when one session ends higher or lower than where the next begins — by suddenly crashing by hundreds of dollars before recovering minutes later. Filling in futures gaps has become standard behavior for Bitcoin, with analysts using them to forecast potential market drops. But some still remain bullish on the long-term outlook, with regular Cointelegraph contributor Michaël van de Poppe this week predicting BTC/USD rising to new all-time highs of $22,000 next year. XRP continues pre-conference fall Beyond Bitcoin, Friday saw further poor performance for two major   #altcoins  : XRP and Bitcoin SV (BSV). As previously noted, XRP, the token notionally associated with payment network   #Ripple  , failed to impress as the latter’s annual Swell conference got underway this week. Since the event began, XRP/USD has fallen by more than 10%, at press time trading at just above $0.28 — its lowest since Oct. 25. BSV, meanwhile, fell 6.2% on Friday to $128.   #bitcoininfo  


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BTC-HBAR price change for 4.71 %. AVG price is 0.00000382. Current price is 0.00000400   #BTCHBAR     @bittitan  .io   #HBAR     #Bitcoin     #btc     #bittrex     #crypto     #cryptocurrency     #altcoin     #altcoins  


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Bitcoin Price Tests $8,500 Support as Trader Warns of Further New Lows   #Bitcoin   (BTC) fell below $8,600 on Nov. 14 as its slow grind downwards continues to see new lows haunt markets. Bitcoin trends downwards at $8.6K Data from Coin360 shows the largest cryptocurrency hitting $8,550 on Thursday, its lowest since late October. A subsequent rebound took   #BTC  /USD back above $8,600. Bitcoin has spent most of the week steadily eroding gains it made previously, first losing support at $9,000 and exiting a trading corridor that had previously kept it rangebound between $9,000 and $9,500. Opinions remain mixed about the near-term prospects for traders, but bearish sentiment is creeping in as losses continue. In his most recent update for subscribers of his Telegram channel, regular Cointelegraph contributor filbfilb warned that there was now potential for shorting BTC/USD and that a sharper drop could occur. “Looks like we need to go lower. Getting signs to flip short but waiting on candle closes,” he said during Thursday’s trading. As reported, lower levels do not necessarily signal trouble for Bitcoin. According to some analysts, as well as the traditionally accurate Stock-to-Flow model for Bitcoin price forecasting, $8,300 is a realistic average price from now until May 2020. Markets nonetheless continue to be erratic, with no one predicting October’s sudden advance to $10,500, which became the second-largest daily move in Bitcoin’s history. Altcoins abandon bullish moves   #Altcoins   meanwhile have failed to keep hold of gains from earlier in the week, reversing Wednesday’s performance to shed a few percent on average.   #Ether   (ETH), the largest altcoin by market cap, dropped 1.6% to $184, while others in the top twenty coins fared worse, losing up to 4.5%. Stellar (XLM) brought up the rear, trading 5.5% lower. The overall   #cryptocurrency   market cap was $238.7 billion at press time, with Bitcoin’s share 65.8%.   #bitcoininfo  


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