Bitcoin At Risk As TD Sequential Flashes Key Bearish Signal – Details
Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. TD Sequential Highlights Critical Bitcoin Support In an X post on…
Bitcoin Rejected At Key Cost Basis Zone—Is $68,000 The Next Support?
On-chain analytics firm Glassnode has highlighted how the latest Bitcoin rejection came inside a zone containing some historically important cost basis levels. Bitcoin Could Find Support At -1 SD Of The STH Realized Price Next In its latest weekly report, Glassnode has talked about a key cost basis zone that Bitcoin retested recently. The region…
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…