Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Nex...
The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels. In a recent post on social media platform X (formerly Twitter), market expert Jackis highlights the bearish D1 trend indicator on the 12-hour chart, indicating the need for Bitcoin to reclaim the $64,000 zone to reverse the prevailing bearish daily trend. Despite this cautionary outlook, there are encouraging....
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Bitcoin price is trading in a bearish zone below $33,000 against the US Dollar. BTC could extend its decline and it could even dive below $30,000. Bitcoin remains in a bearish zone, but it is holding the $31,000 support zone. The price is now trading well below $32,500 and the 100 hourly simple moving average. […]
Binance Coin is looking to retest and push its limits to surpass the $300 mark to tap on liquidity. Binance Coin sets eyes on $316 BNB price currently trades at $278.40 Resistance spotted at $287 to $295 range Bitcoin has encountered intense selling pressure that triggered its dip to $19.5k and retesting the $20.4k zone for liquidity. Moreover, BTC has grappled to fix its clamp on the $20.8k zone seen a few weeks ago. a couple of weeks ago. BNB outlook based on the price action is looking bearish as it lingered at the $276 level for the most part of last week. Related Reading: Shiba Inu....
Bitcoin price extended its decline below the $31,200 support against the US Dollar. BTC remains at a risk of a larger decline below the $30,000 support zone. Bitcoin remains in a bearish zone and it even broke the $31,000 support zone. The price is now trading well below $32,000 and the 100 hourly simple moving […]
Bitcoin is struggling below the $20,000 zone against the US Dollar. BTC remains at a risk of more losses if the bulls fail to protect the $19,800 support zone. Bitcoin is showing bearish signs below the $21,000 and $20,500 levels. The price is now trading below the $20,400 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a clear move below the $19,800 zone. Bitcoin Price Remains At Risk Bitcoin price failed to....
In last week’s post we concluded with the following statement: With our Bearish stance we were expecting to see lows in the vicinity of the U$440-450 zone. Price did fall immediately after the publication but made what can be considered a higher low at US$456 and then another one at US$459 the next day. The big question now is: Are these lows in the Mid US$450’s here to stay for a while or is more downside on the way? So on that note, let’s take a look at the long term picture. We are now changing our view point to Long-Term (tentatively) Bullish, Intermediate -Term Bearish, and Short-Term....