Bitcoin Price Bounce Weakens, Recovery at Risk of Fading Again

Bitcoin Price Bounce Weakens, Recovery at Risk of Fading Again

Bitcoin price started a recovery wave from $68,000. BTC is now back above $70,000 and might struggle to continue higher in the near term. Bitcoin started a decent recovery wave above $69,500 and $70,000. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $71,500 and $72,000 levels. Bitcoin Price Attempts Recovery Bitcoin price found support near the $67,500 zone and....


Related News

Dogecoin Fading Fervor: Has The Meme Coin Lost Its Mojo?

Dogecoin is now grappling with a slowdown in momentum that has left many investors wondering if its best days are behind it. After tumbling to the $0.1293 mark, DOGE managed to pull off a notable rebound, suggesting that the bulls aren’t ready to throw in the towel just yet.  As market interest shifts toward newer trends and utility-driven tokens, Dogecoin’s fading excitement is becoming hard to ignore. Despite the recent recovery, trading activity remains tepid, and the community buzz that once fueled its rallies appears to be losing steam.  Technical Breakdown Of The $0.1293 Bounce....

Bitcoin Dead Cat Bounce: Analyst Reveals What To Expect As Price Recovers

Bitcoin’s (BTC) latest upward move arrives at a time when confidence in the market remains uncertain, with many traders unsure whether the slight price recovery marks early strength or another temporary bounce. With last week’s pullback still fresh, a crypto analyst argues that most traders may label the recent recovery a dead cat bounce. However, he believes the narrative is misleading and predicts that Bitcoin’s rebound this week may be setting the stage for a stronger rally.  Why The Bitcoin Price Recovery Is Not A Dead Cat Bounce Market analyst and founder of The House of Crypto, Peter....

Dogecoin (DOGE) Bounce Weakens, Downtrend Risks Return Quickly

Dogecoin started a recovery wave above the $0.090 zone against the US Dollar. DOGE is now facing hurdles near $0.0930 and might struggle to continue higher. DOGE price started a recovery wave from $0.0860 and climbed above $0.090. The price is trading above the $0.090 level and the 100-hourly simple moving average. There is a rising channel forming with support at $0.0904 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.0860....

Bitcoin Market Structure Weakens As BTC Endures A Dramatic Sharpe Ratio Drop ...

Over the past week, Bitcoin has been struggling to undergo another major rally. The ongoing downward trend has hampered several crucial on-chain metrics, as they begin to turn highly negative once again, painting a highly volatile market state. A Sign Of Fading Strength In The Bitcoin Market Bitcoin’s on-chain metrics are starting to decline alongside the […]

Hedera Bears Take Charge With 10% Weekly Drop, But Key Support Could Spark Re...

Hedera Hashgraph’s native token, HBAR, has been under intense selling pressure, recording a 12% decline in the past 30 days and another 10% drop over the past week. Related Reading: Average Monthly Returns Says XRP Price Could Fly High In September The bearish streak has shaken investor confidence, with both social and institutional signals pointing toward continued downside risk. Retail and Institutional Sentiment Weakens for Hedera Data from Santiment shows that HBAR’s social dominance, a measure of how frequently it is discussed compared to other cryptocurrencies, has dropped by 55% in....