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Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels
Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour chart reveals a pronounced bearish trend, with bitcoin’s price declining from $61,868 to approximately $57,681 since August 11. The significant volume during this downturn underscores the strength of the selling pressure. Currently, bitcoin is consolidating near the $59,000 level, suggesting a possible pause in the...
BITCOIN PRICE ANALYSIS & PREDICTION (December 9) – BTC Floats Around $100k After Rejecting New High, Where Will It Head Next?
Bitcoin’s recent surge above $100k has fueled more bullish sentiments among traders and investors, but on-chain metrics like CoinMarketCap suggest a possible pullback is underway as it reaches extreme greed. Last Thursday, Bitcoin made another major move after trading calmly for weeks. That positive action alone put the asset in a more bullish state as it painted a fresh all-time high of $104,088 on Binance. It lost grip and plunged to a low of $90,500 that same day, creating a notable spike. However, it recovered some ground and traded average at around the $100k level throughout the week. The price...
Bitcoin (BTC) Reclaims Critical Level, Eyes $72,000 Amid Bullish Indicators
You are here: Home / News / Bitcoin (BTC) Reclaims Critical Level, Eyes $72,000 Amid Bullish Indicators In recent market activity, Bitcoin (BTC) experienced a decline, hitting a low of $65,500 before bouncing back from this critical support level. Despite this temporary setback, the overall trend for Bitcoin remains positive, signalling the potential for future gains. A notable development in crypto is the progress in repayments from the defunct Mt. Gox exchange. As former investors finally receive their funds, this large-scale movement of Bitcoin may have contributed to the slight dip in BTC prices observed recently. Bitcoin Shows Potential Breakout...
