Bitcoin Rally At Risk: This Critical Resistance Could End BTC’s Bullish Run
As Bitcoin (BTC) attempts to hold $80,000 as support, some market analysts have warned about a crucial resistance area that could make or break the flagship crypto’s bullish rally. Related Reading: Crypto Funds Extend Six-Week Streak With $858M Inflows On CLARITY Act Progress Bitcoin Bull Rally Meets Key Resistance In a Tuesday analysis, market watcher Ali Martinez highlighted a “crucial resistance barrier that has the potential to put an end to the recent Bitcoin bull rally” that has sent the price to its highest levels in months. He explained that BTC has been attempting to clear the....
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Bitcoin has been slowing down on its bullish momentum after crossing the barrier at $22,000 and $23,000. The cryptocurrency still holds some of its gains from last week but might be poised for a re-test of lower levels. At the time of writing, BTC’s price trades at $22,900 with a 2% loss in the last 24 hours and an 8% profit over the past week. This Bitcoin Bear Market Might Not Be Like 2020 Crypto market participants seem to be in pursuit of a quick and persistent uptrend, like the one seen in 2020. At that time, BTC’s price drop to a low of $3,000 and then began an ascend to its current....
Bitcoin has been trading on the green side this Thanksgiving morning with a 4.1% profit in the 24-hour chart. Approaching a critical resistance level, BTC’s price stands at $59,042 and could see more appreciation in the short if it manages to flip $60,000 to support. Bitcoin has been rangebound for the past week with low volatility for the most part as the price was rejected close to $60,000 on Monday. According to QCP Capital, an institutional investor is most likely responsible for the price action and suppression of any serious momentum on BTC’s price rally attempts. Related Reading....
Bitcoin has been experiencing some volatility over today’s trading session as the price of BTC touches critical resistance levels. The number one crypto by market cap positively reacted to macroeconomic factors, but as the weekend approaches, low levels might lead to sudden price movement. Related Reading: WATCH: Weekend At Bitcoin’s: Will The Dead Crypto Make A Comeback? BTCUSD September 2, 2022 At the time of writing, Bitcoin (BTC) trades at $19,800 with a 1% profit in the last 24 hours and an 8% loss over the past week. The cryptocurrency saw bullish price action after the U.S. posted....
Bitcoin has been pushed down further over today’s trading session and approaches critical levels of support. The first crypto by market cap gave back all the profits from last week rallied and has been moving in the red over the past 24 hours. Related Reading: Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows At the time of writing, Bitcoin (BTC) trades at $23,400 with sideways movement in the past day and a 2% loss over the past 7 days. Director of Macro for investment firm Fidelity Jurrien Timmer believes long-term Bitcoin investors have an opportunity to increase their....
Bitcoin sits comfortably north of $40,000 after a rally propelled it beyond this key resistance mark. The first cryptocurrency by market cap even managed to break above $42,000, in its most solid attempt to reclaim new highs since May’s crash. The bullish momentum has held for the past week, BTC’s price records a 24% profit […]