Bitcoin Continues Lower, Raising Fears That $90K Support May Not Hold
Bitcoin price failed to recover above $95,000. BTC is down over 4% and there are chances of more downsides below $90,000. Bitcoin started a fresh decline below $94,000 and $93,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $95,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $91,500 zone. Bitcoin Price Continues To Weaken Bitcoin price failed to stay in a positive zone above the $93,500 pivot level. BTC bears remained....
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Bitcoin held onto its key technical support area despite a concerning sell-off on Tuesday, raising hopes that it might survive the bearish assault that brought its prices down by 21.32 percent last week.
Bitcoin has been struggling to maintain its immense momentum following the multiple rejections seen at $16,000 It is now consolidating within the lower-$15,000 region, with bulls struggling to hold it above this level as it continues slowly drifting lower It did see a sharp rebound from its overnight lows of $14,800 that were set during yesterday’s selloff, with the support here being significant That being said, the multitude of rejections at $16,000 hasn’t bode well […]
Ethereum is on an obvious bull path given its performance in the last couple of weeks. The digital asset took a turn for the better more than a month after the Merge was completed and accumulation among investors was already in full swing. ETH’s price eventually surpassed $1,600 before encountering rejection and dropping down below. Ethereum Needs To Hold $1,500 Now that the digital asset has been beaten down back below $1,600, support has moved lower. $1,500 is currently serving as the support level for Ethereum at this point. This now makes it the level to hold for bulls and the level....
Bitcoin slipped below the $115,000 level on Tuesday as the crypto market faced nearly $961 million in leveraged liquidations. The sudden sell-off followed an extended rally to new all-time highs above $124,000 last week, raising fears of a deeper correction toward the $110,000 support zone. Related Reading: Strategy Just Flipped Its Bitcoin Playbook—Here’s Why It […]