Bitcoin Correction Deepens – Traders Cautious As Downside Pressure Builds Fur...
Bitcoin price corrected gains and traded below the $124,000 level. BTC is now struggling and might continue to move down below $120,000. Bitcoin started a downside correction below the $123,200 level. The price is trading below $123,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $122,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $125,000 zone and started a fresh decline.....
Related News
Monero (XMR) is back under heavy pressure as the market-wide correction deepens, with the privacy-focused cryptocurrency dropping 8% in the past 24 hours to trade at $375. Related Reading: Famous Trader Bets $27 Million That The XRP Price Will Crash This decline marks the fourth consecutive day of losses, erasing last week’s recovery and signaling a shift in sentiment as traders increasingly position for a deeper pullback. XMR's price records strong losses on the daily chart. Source: XMRUSD on Tradingview Monero (XMR)’s Selling Pressure Builds Further Fresh derivatives data reflect rising....
Bitcoin price is back above $50,000 after a short-lived correction in the range below the key level. However, since the cryptocurrency has reclaimed the halfway point to $100K, open interest has skyrocketed. The sudden sharp increase in open interest has traders cautious currently. Here’s a closer look at why that’s the case and what could […]
Bitcoin is once again testing investor conviction as it fights to stay above the $110,000 level following last Friday’s sharp correction that triggered a massive leverage wipeout across the market. After one of the most volatile sessions of the quarter, traders are watching closely to see whether BTC can stabilize or if more downside pressure […]
Bitcoin has walked away from pursuing a lengthy downside correction repeatedly this year. The cryptocurrency’s run-up to $58,367 in February attracted a modest selling pressure as the price dipped by 26.30 percent afterward. Similarly, its previous rally above a then-record high of $41,000 followed up with a 30 percent bearish correction. Last week, Bitcoin achieved […]
Bitcoin is trading below crucial support levels after massive selling pressure swept through the market. Since late January, BTC has lost over 29% of its value, fueling fear and uncertainty among investors. With global trade war fears intensifying and volatile macroeconomic conditions shaking the crypto and U.S. stock markets, traders are bracing for further downside risk. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple Market sentiment remains overwhelmingly bearish as Bitcoin fails to hold key technical levels. Crypto analyst....