Analyst: Bitcoin Likely to Sweep Its Highs as Bears Face Mass Liquidation
Bitcoin has been stable below $19,000 for the past few days, with each visit to this level sparking relatively strong pullbacks Where the crypto trends in the near-term will depend largely on whether or not bulls can take control of its price action and push it past $19,000 The selling pressure here is significant and may continue hampering its growth over the coming few hours and even days Meanwhile, Ethereum and other altcoins have been […]
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Bitcoin is trending lower at spot rates, sliding away from all-time highs. Looking at the performance in the daily chart, it looks like bears are stepping up, following the general inactivity in an overwhelmingly bearish trend. When writing, the coin is down 10% from March 2024 highs but steady. Will Bitcoin Consolidate For Two More Months? Taking to X, one analyst argued that the current state of affairs will likely continue in the days ahead. While most experts predicted Bitcoin prices to rebound sharply, even breaching all-time highs and race to $100,000 after the all-important Halving....
Bitcoin has lost crucial support levels as the market struggles to find demand, allowing bears to gain momentum. Analysts are calling for further corrections, with fear dominating sentiment across the crypto market. Bitcoin has now dropped over 28% from its late January highs, and concerns are mounting that bears could take prices even lower in […]