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....
Related News
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 is tightening between two major liquidity pools, with both bulls and bears sitting on borrowed time. As pressure builds and liquidity stacks on both sides, the next move looks less about direction and more about which side gets wiped out first. HTF Liquidity At $65,300 Remains The Primary Target Lennaert Snyder’s latest Bitcoin analysis remains focused on a significant High-Timeframe (HTF) liquidity pool located around the $65,300 zone. This area is designated as a major box of interest for hunting long positions. Rather than setting a blind entry, the strategy involves waiting for....
Ethereum has flipped bearish following the market’s reaction to the Federal Reserve (Fed) meeting, but its price remains firm above the $2,100 level. Given the bearish conditions, the market dynamics of ETH are starting to shift as key metrics signal a possible liquidity trap ahead at current levels. An Ethereum Liquidity Trap Signal Emerges After […]
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 […]