Bitcoin’s Price Faces Potential Breakdown To The $92,000 Level Post-CPI Data ...
Following the United States Consumer Price Index (CPI) data release, Bitcoin‘s price witnessed a rebound to the $98,000 level, raising investors’ hopes once again. However, this rebound was brief as BTC’s price began to drop a few hours after the upward move. As prices see bearish movements, crypto analysts believe that the drop could extend […]
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In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months. Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst emphasized that if BTC has a weekly close above $89,000, then it may indicate that the market bottom is in. He added: If we do get a weekly close above this area ($89,000 to $91,000), I think the low is in for Bitcoin, and we are not going down....
The ongoing bearish pressure in the general crypto market is growing significantly, and Bitcoin, the largest digital asset, has fallen sharply below the $103,000 price mark. With several indicators exhibiting negative signals, the current downward trend seems poised to extend, targeting deeper, crucial support levels. A Notable Bearish Breakdown In Bitcoin’s Price Impending While Bitcoin’s […]
Bitcoin settled below the $21,000 support zone against the US Dollar. BTC is showing bearish signs and remains at a risk of a major breakdown below $20,000. Bitcoin struggled to correct higher and stayed below the $21,000 resistance zone. The price is now trading below $20,750 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is consolidating above the $20,000 level and might start another decline. Bitcoin Price Faces Sellers Bitcoin price remained in a....
Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential shift in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces significant moves ahead and determining the direction of this momentum is crucial. BTC Retests $60,000 Support For The 9th Time In an X (formerly Twitter) post published on July 3, a crypto analyst identified as ‘Dana Crypto Trades’ declared that Bitcoin has successfully completed its ninth test for the $60,000 support region. A support level is a price threshold where assets tend to stop falling, signaling....
Ethereum classic price broke down against bitcoin, and cleared a major support area to signal further losses in the near term. Key Highlights. Ethereum classic price broke down against Bitcoin, as I forecasted in yesterday’s post. Moreover, the highlighted support trend line on the hourly chart of ETC/BTC (data feed via Simplefx) was broken to open the doors for declines. The price is currently testing a short-term support, which can be cleared moving ahead. Ethereum Classic Price Breakdown. Ethereum classic price ETC found sellers intraday against Bitcoin and traded lower. In yesterday’s....