Bitcoin Price Dips Under $76,500, Sellers Push For Deeper Pullback

Bitcoin Price Dips Under $76,500, Sellers Push For Deeper Pullback

Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $75,500 support. Bitcoin failed to stay above $77,500 and corrected gains. The price is trading below $77,000 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance at $76,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $76,000 and $75,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $77,500 support zone. BTC remained in....


Related News

Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon he...

Rising U.S. inflation and overblown fears about Evergrande contagion might be factors behind BTC’s recent pullback, but most analysts view the drop as a “necessary retest.” Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10, the price of Bitcoin managed to claw its way back up to the $65,000 level....

XRP Maintains Macro Bullish Structure Despite Deeper Correction

XRP continues to maintain its macro bullish structure despite experiencing a deeper corrective move than initially anticipated. Although price action has tested lower levels, it has not confirmed a higher-timeframe breakdown, suggesting the pullback is still part of a broader consolidation within an ongoing uptrend rather than a full trend reversal. XRP Dips Deeper, But HTF Level Still Holds In a recent XRP update, Hov noted that price action pushed deeper toward the lows than what would typically be acceptable for the previously considered diagonal scenario. The move forced a reassessment....

Shiba Inu Bears Roar: Will SHIB Hit $0.00001272 Amid Market Sell-Off?

Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown.  The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with lower support levels coming into play.  On the other hand, a....

Litecoin Price Upsurge Cools Off – What’s Next After The $97.8 Drop?

Litecoin’s bullish momentum has cooled off, with the price sliding back to $97.8 after struggling to sustain its recent uptrend. The pullback comes amid increasing selling pressure, raising concerns about whether this is a temporary correction or the start of a deeper decline. While LTC previously showed strength, the inability to maintain higher levels suggests that market sentiment is shifting, leaving traders questioning the coin’s next move. As the price approaches key support levels, traders are closely monitoring market signals to determine the next move. Will buyers step in to....

Ethereum Price Technical Analysis - New Record Lows in Sight?

Ethereum Price Key Highlights. Ethereum price has been able to sustain its downside momentum from yesterday's break below the symmetrical triangle support visible on the 1-hour chart. Price has made its way to the next support area around 0.00240BTC, which coincides with its lows last month. Ethereum price is currently under heavy selling pressure after having broken below its short-term consolidation pattern, with sellers likely to have enough energy to push for new record lows. Another pullback possible? Ethereum price made a quick bounce upon testing its record lows, signaling that a....