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Bitcoin Price Stabilizes After Losses: Can Bulls Overcome Resistance for a Recovery?

Btc

Bitcoin price is consolidating losses above the $55,000 level. BTC must settle above $58,500 and then $60,000 to start a recovery wave. Bitcoin dipped again and retested the $54,500 support zone. The price is trading below $58,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at…

Bitcoin Price Stabilizes After Losses: Can Bulls Overcome Resistance for a Recovery? Read More »

Bitcoin Price Takes a Step Back: Analyzing The Recent Correction

Btc

Bitcoin price failed to continue higher above the $63,650 resistance zone. BTC is now correcting gains and might revisit the $60,850 support. Bitcoin started a downside correction from the $63,650 resistance zone. The price is trading below $62,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…

Bitcoin Price Takes a Step Back: Analyzing The Recent Correction Read More »

Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

Btc

Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…

Bitcoin Price Challenge: Can It Break Through and Resume Climbing? Read More »

Bitcoin Price Recovery: Here Are Challenges On The Road to Rebound

Btc

Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid more downsides if it manages to recover above the $62,400 resistance. Bitcoin is still struggling to recover above the $62,200 and $62,400 levels. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a major…

Bitcoin Price Recovery: Here Are Challenges On The Road to Rebound Read More »

Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor

Btc

Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with…

Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor Read More »

Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?

Btc

Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…

Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance? Read More »

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