Bitcoin Price Under Pressure – Charts Turn Bearish As Bulls Lose Control
Bitcoin price corrected losses and traded above the $115,000 level. BTC is now struggling and might start another decline below $110,000. Bitcoin started a fresh decline after it failed to clear the $116,000 resistance level. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $110,500 zone. Bitcoin Price Faces Resistance Bitcoin price started a recovery wave above the....
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As all recent charts indicate, the bitcoin price isn't doing that well as bears seem to dominate the market. The sudden buy pressure that we've started seeing after the bitcoin price started falling below the support level of $220 might result in another correction. It's Bears vs Bulls once again. It's still hard to make out if the bulls managed to overcome the bears after the support level of $220 was breached. However, it's clear that most positive btc price spikes today were met with a negative overturn despite the healthy buy activity. As seen on the chart below, the price only managed....
Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance. The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the....
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Cardano (ADA), once hailed as a top contender in the blockchain space, is now facing a challenging phase as its price charts take a sharp turn for the worse. Over the past few weeks, ADA has struggled to maintain its footing, with technical indicators increasingly pointing to the possibility of further downside With market sentiment tilting toward caution, traders and investors are closely monitoring ADA’s next moves. Will the current bearish setup trigger a sharper decline, or can ADA stabilize and mount a comeback? A Breakdown Of Recent Market Movements Recent market movements for ADA....