By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: How Low Can Bitcoin Go?
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Bitcoin > How Low Can Bitcoin Go?
Bitcoin

How Low Can Bitcoin Go?

Shayne Heffernan Ph.D.
Last updated: January 12, 2021 2:23 am
Shayne Heffernan Ph.D.
Share
2 Min Read
SHARE

#Bitcoin, Ether, and “a few others” will likely follow the path of Amazon and eBay and continue to see their valuations rise.

Those with a little more skin in the game, such as Shayne Heffernan, view the recent drop as a healthy price correction and Heffernan hinted that there is a possibility of BTC dropping as low as $25,000 before resuming its upward trek.

The traditional financial sector also found itself under pressure on Monday as the political situation in the United States continues to generate tension and uncertainty about the future of the country and the economy.

The S&P 500, Dow, and the NASDAQ all finished the day in the red, down 0.66%, 0.29%, and 1.55% respectively as big-tech and the FAANG stocks hit their lowest levels since Nov. 26.

Bitcoin closed up 1,688.039 at 35,639.539.

Volume was 24% below average (neutral) and Bollinger Bands were 233% wider than normal.

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the bullish or bearish trend reflected in the lower ribbon.

Summary

Bitcoin is currently 139.4% above its 200-period moving average and is in an upward trend.

Volatility is extremely high when compared to the average volatility over the last 10 periods.

There is a good possibility that volatility will decrease and prices will stabilize in the near term.

Our volume indicators reflect moderate flows of volume into Bitcoin (mildly bullish).

Our trend forecasting oscillators are currently bullish on Bitcoin and have had this outlook for the last 27 periods.

Overall, the bias in prices is: Upwards.

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles.

During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.

You Might Also Like

Bernardo Bellotto: A Master of Cityscapes

Knightsbridge: Redefining Global Markets with a Unified Vision

TotalEnergies to Drill in South Africa

Saudi Arabia’s Financial Sector

Knightsbridge: Pioneering a Comprehensive Digital Asset Ecosystem in 2025

TAGGED:Bitcoinbitcoin news

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article Lordstown Motors Stock News
Next Article Gold Losing Ground In 2021


Latest News

Revolutionizing Longevity and Quality of Life
Featured Fitness Headline News Health Lifestyle Lifestyles of the RIch and Famous Living Luxury Motivation Stem cells Thailand Thailand Travel May 19, 2025
Saudi Arabia’s Economic Surge
Blockchain for Government Crypto Digital Assets Gold Headline News KNIGHTS Knightsbridge Knightsbridge Insights KXCO KXCO Guide Must Read Ripple Shayne Heffernan USD XT May 19, 2025
Catholics and Muslims in Israel: A Call for Greater Political Voice
Catholic Headline News Opinion Politics Shayne Heffernan May 11, 2025
Qatar’s Venture Capital Surge
Featured Headline News Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments May 10, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?