NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Chainlink Posts “First Death Cross” Seen Since 2018 Against Bitcoin Pair

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Chainlink

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink has seen some mixed price action as of late, with bulls unable to gain a decisive edge over bears as the entire market turns lower.

LINK isn’t the only cryptocurrency that has been struggling to gain any bull-favoring momentum, as most other cryptocurrencies have also seen some intense selling pressure that has slowed their growth and erased some of their recent gains.

For instance, Bitcoin is currently stuck below $18,000 as sellers try to revert its trend into their favor. They have yet to do this successfully, and it could still decline quite a way before it loses its macro bullishness.

However, altcoins have been struck particularly hard by the recent market-wide decline, with Chainlink now moving to the lower boundary of a pitchfork channel that has been formed and respected throughout the past year.

One trader is also noting that the cryptocurrency appears to be forming what could be the first “death cross” seen since 2018, which spells some serious trouble for its short-term outlook.

Just as LINK rose significantly in the years following 2018, this doesn’t mean that its macro-outlook will be changed by this technical development.

Chainlink Tracks Bitcoin – Moves Lower as Buyers Lose $12.00 Support

At the time of writing, Chainlink is trading down just under 2% at its current price of $11.68. This is around the price at which it has been trading throughout the past few days.

Bitcoin has been causing the entire market to face some intense weakness over the past few days and weeks, with its recent break below $19,000, causing it to see intense inflows of selling pressure that ultimately led it as low as $17,600.

Similarly, LINK has also shed some of its value, down from multi-week highs of nearly $16.00, set a few days ago.

LINK Posts First Death Cross in Years as Selling Pressure Mounts

One trader explained in a recent tweet that Chainlink is now posting its first “death cross” seen in years.

This grim technical sign also comes as the cryptocurrency nears the lower-boundary of a long-held channel that it has been caught within throughout the past year.

“First death cross on LINK / BTC since 2018,” he noted while pointing to the below chart.

Chainlink LINK

Image Courtesy of Josh Olszewicz. Source: LINKUSD on TradingView.

Because Chainlink is closely tracking Bitcoin and the rest of the crypto market, where it trends in the mid-term should depend largely on the benchmark cryptocurrency’s price action.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

chainlink link linkusd (1)

Chainlink Surges 3% to $24 After U.S. Government Data Partnership and Bitwise ETF Filing

Chainlink (LINK) surged 3% to trade around $24 on Monday, marking a beginning of a strong performance in September despite...

James Halver 2 weeks ago
Chainlink

Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?

Chainlink is showing signs of strength after a sharp parabolic move, now consolidating just below a key resistance level. The...

Godspower Owie 3 weeks ago
TAO, Solana, SUI, chainlink

Chainlink Ready For Massive Breakout? A 15% Drop May Come First

Chainlink (LINK) is retesting a crucial support zone amid the market pullback, leading some analysts to suggest that another significant...

Rubmar Garcia 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink

Chainlink Primed For Takeoff: Liquidity Sweep Strengthens Bullish Outlook

Godspower Owie 13 hours ago
Chainlink

Chainlink And Polymarket Forge New Alliance: LINK Forecasted To Outperform XRP By 2030

Ronaldo Marquez 1 week ago
chainlink

A Chainlink Pullback To $16 Could Set Up Parabolic Price Rally – Analyst

Semilore Faleti 1 week ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    19 hours ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    19 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    20 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    20 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    20 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.