Bitcoin Price Slips Below $110K, Is a Bigger Drop Coming?
Bitcoin price is gaining bearish momentum below $112,500. BTC is struggling to recover and might continue to move down toward the $105,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $112,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $112,500 resistance zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline after a close below the $113,500....
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Quick Facts: 1️⃣ Bitcoin has been struggling to defend $110K since the deleveraging event of Oct 10, but the price correction is short-term, says Grok AI. 2️⃣ Once $BTC breaks the resistance at $110K and then at $115K, the path will clear for bigger surges before the year’s end, potentially setting a new all-time high […]
Bitcoin slipped below the $115,000 level on Tuesday as the crypto market faced nearly $961 million in leveraged liquidations. The sudden sell-off followed an extended rally to new all-time highs above $124,000 last week, raising fears of a deeper correction toward the $110,000 support zone. Related Reading: Strategy Just Flipped Its Bitcoin Playbook—Here’s Why It […]
Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $58,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,650 or $58,000 resistance levels in the near term. Bitcoin Price Takes Hit Bitcoin price extended losses below the $57,500 support....
The Greek deal continues to weigh on Bitcoin which witnessed a cut of $4.79 or 1.63%. It now seems that Bitcoin could be setting the stage for a bigger move. Technical analysis of the below given Daily BTC-USD chart reveals a bigger picture than yesterday's decline. Bitcoin Chart Structure - With yesterday's drop, Bitcoin has neared the upward sloping support line which is expected to cushion the price near $278-280. However, the higher top, higher bottom price structure is comfortably maintained. Moving Average Convergence Divergence - The MACD and the Signal Line report healthy values....
A splendid beginning for Yearn Finance in the third quarter is coming to an end with a brutal sell-off. The yield farming aggregator suffered a major blow this week as its governance token, YFI, plunged by 39 percent. In the last 24 hours alone, the cryptocurrency experienced a 10.35 percent price decline, a move that […]