Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline

Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000. Bitcoin started a fresh decline from the $62,550 resistance level. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at… Continue reading Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline

Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance… Continue reading Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

Bitcoin Price Dips Again: BTC Bears Tighten Grip

Bitcoin price failed to climb above the $66,500 resistance. BTC is again moving lower and might decline below the $64,600 support zone. Bitcoin started a fresh decline from the $66,500 resistance level. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line… Continue reading Bitcoin Price Dips Again: BTC Bears Tighten Grip

Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles

Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming… Continue reading Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles

Bitcoin Price Remains at Risk Despite Recent Moves, Indicators Turn Bearish

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend… Continue reading Bitcoin Price Remains at Risk Despite Recent Moves, Indicators Turn Bearish

Bitcoin Price Slide: Extends Losses Amid Increased Selling Pressure

Bitcoin price extended its losses and traded below the $65,000 level. BTC is showing bearish signs and might extend losses below the $64,600 level. Bitcoin remained in a bearish zone and traded below $65,000. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a connecting trend line forming with… Continue reading Bitcoin Price Slide: Extends Losses Amid Increased Selling Pressure

Bitcoin Price Decline Continues: Lower Targets in Sight

Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below $66,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish… Continue reading Bitcoin Price Decline Continues: Lower Targets in Sight

Bitcoin Bears Gain Control: Further Drops on the Horizon

Bitcoin price struggled to recover above the $68,000 resistance zone. BTC is again moving lower and might even decline below the $66,000 support zone. Bitcoin started another decline from the $68,200 resistance zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with… Continue reading Bitcoin Bears Gain Control: Further Drops on the Horizon

Bitcoin Price Rejects $70K: Post-Fed Recovery Fails to Materialize

Bitcoin price started a strong increase above $68,500. BTC even tested $70,000, but post-fed there was a major bearish reaction. Bitcoin started another decline from the $70,000 resistance zone. The price is trading below $68,550 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $67,500 on… Continue reading Bitcoin Price Rejects $70K: Post-Fed Recovery Fails to Materialize

Bitcoin in Decline: Price Turns Red as Market Eyes Fed Decision

Bitcoin price extended losses below $67,500 support zone. BTC tested the $66,000 support zone and is now attempting a recovery wave. Bitcoin started another decline below the $68,500 support zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $68,650… Continue reading Bitcoin in Decline: Price Turns Red as Market Eyes Fed Decision