Here’s Why Bitcoin Must Hold Crucial Support At $63,111 – Analyst
The Bitcoin market recorded another week of volatile price action, but continues to consolidate a defined range between $60,000 – $70,000. Bearish sentiments remain at a heightened level, considering the downtrend observed in recent months and the non-confirmation of a cycle bottom. Notably, recent on-chain data has revealed the importance of a particular support level,…
Bitcoin Risks Drop To $69,000 If Pennant Support Breaks, Analyst Warns
A cryptocurrency analyst has pointed out how Bitcoin could risk a crash to $69,230 if the support level of this Bear Pennant doesn’t hold up. Bitcoin Might Need To Hold Above $87,200 In a new Bear Pennant. A Pennant is a pattern from technical analysis (TA) that’s similar to a Flag. Both of these patterns…
Bitcoin To Retest $85,000 As Bearish Technicals And On-Chain Weakness Align
The Bitcoin market stands at a critical juncture, as it currently hovers above its $85,000 psychological level. Aside from its psychological validity, this key support also appears to hold technical importance. Hence, its strength could be tested before the market shows directional momentum. However, a recent analysis has surfaced that paints a grim picture for…
Bitcoin Faces Immediate Key Levels At $76,000 And $99,000 — What Comes Next?
Bitcoin’s bearish momentum has since reached a cool-off state, as price maintains above the last swing low established late November. However, although there has been a steady uptrend, signs of a bullish reversal remain weak. Interestingly, a recent evaluation has been published, which delves into the factors that may affect Bitcoin’s next major move. Analyst…
Bitcoin Settles In Consolidation Zone – Levels To Watch
Bitcoin (BTC) trades just below $90,000 after a fluctuating week of price action resulted in a net loss of 1.8%. Despite initial hopes of a resurgence in late November, the premier cryptocurrency is now 29.16% away from its all-time high. Going by the price action, popular analyst with the X username PlanD postulates BTC is…
Analyst Backs Bitcoin Rally To $174,000 If This Support Remains Intact – Details
The Bitcoin market has recorded high levels of volatility in previous weeks, resulting in significant corrections and a fragile bullish sentiment. Amid this delicate market, a market analyst with X username PlanD is projecting an incoming parabolic rally that hinges on the strength of a crucial support level. Here’s Why Bitcoin Bulls Must Preserve $94,500…
Bitcoin May Launch Recovery To $120,000 If This Condition Holds – Details
In the last week, Bitcoin’s correction took another drastic turn as prices retested the psychological $100,000 price zone, triggering heavy waves of liquidation. Although the premier cryptocurrency witnessed some rebound after, the current market price remains 19.02% away from the all-time high at $126,198. In the hope of a sustained recovery, a popular analyst with…
Bitcoin At Increased Risk Of Falling To $88,500 Support, Glassnode Warns
On-chain analytics firm Glassnode has revealed how Bitcoin could be at risk of a further drawdown after trading at a significant discount to a key cost basis level. Bitcoin Could Retest Active Realized Price Next In its latest weekly report, short-term holder (STH) Realized Price. The “Realized Price” here refers to an on-chain metric that…
Bitcoin Forecast: $160,000 Target Possible If These 2 Conditions Align – Analyst
The Bitcoin market suffered a heavy crash on Friday after US President Donald Trump confirmed plans to place a 100% tariff on Chinese goods. The planned order, which was in response to an initial export tax order by the Asian superpower, shook financial markets globally, resulting in total crypto liquidations of $19 billion. However, the…
Bitcoin Faces Key Levels: $125k Resistance Vs $118k Support – Details
From late September, Bitcoin has embarked on an impressive bullish rally to reach price levels around its all-time high of $124,457. However, it remains speculative as to whether the premier cryptocurrency will maintain this early October momentum to put in a new all-time-high price, or experience a major correction into deeper liquidity zones. Bitcoin Key…