Bitcoin Price Sharp Pullback Raises One Question: Will $92K Hold?
Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000. Bitcoin started a sharp decline below $95,000 and $94,000. The price is trading below $93,500 and the 100 hourly Simple moving average. There was a break below a declining channel with support at $93,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $954000 zone. Bitcoin Price Dips Sharply Bitcoin price failed to stay above the $94,500 support and started a fresh decline.....
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After losing the key $100,000 price mark due to a sharp pullback last week, the price of Bitcoin is now changing hands between $95,000 and $95,100. Despite the magnitude of the current drawdown in price, it is still below the level of the preceding major corrections. Ongoing Bitcoin Pullback Still Behind Previous Drawdown Bitcoin has […]
Bitcoin price has taken a pause from its recent sharp drop, as sellers are waiting for more downside pressure. Potential catalysts for bitcoin price volatility this week include the release of US retail sales, PPI, and consumer sentiment data on Friday. Most of the technical indicators on the 1-hour chart of bitcoin price seem to suggest that more losses are possible. The short-term 100 SMA has just crossed below the longer-term 200 SMA, indicating that the path of least resistance is to the downside. If a pullback occurs, the moving averages might be able to hold as dynamic resistance....
The XRP price is getting ready to surge to new highs as bulls attempt to hold a critical resistance level. Recently, the cryptocurrency experienced a major breakdown as market downside pressure increased. If it can break above its descending resistance, analysts believe it could bounce back above $3 soon. XRP Price Set To Skyrocket Above $3 A Pseudonymous TradingView crypto analyst known as “MyCryptoParadise” has outlined XRP’s future price trajectory, predicting a surge toward $3.3 for the popular cryptocurrency. The analyst shared a chart outlining key support and resistance levels while....
Bitcoin price suffered a sharp crash upon hitting a strong ceiling, inspiring a major pullback that could revive bullish interest. Bitcoin Price Key Highlights. Bitcoin price made a sharp much-needed tumble after price hit record highs around the $1200 area. As predicted in an earlier article, that long-term resistance level is likely to inspire a lot of profit-taking that might unwind the cryptocurrency’s gains. Price is still trending higher on the daily chart, though, and bulls might be eager to hop in the climb at these bargain prices. Technical Indicators Signals. The 100 SMA is....
Solana is taking a breather after a strong rally, now testing the crucial $195 support zone. Traders are watching closely to see if the bulls can defend this level and set the stage for a potential comeback. Solana Begins A Healthy Pullback After Recent Rally In a recent update, BitGuru highlighted that Solana (SOL) appears to be entering a healthy pullback phase following a sharp rally and partial recovery. This retracement is part of a natural market rhythm, allowing the asset to cool off after its recent burst of bullish momentum. Such pauses often serve as a foundation for more....