Key points: Bitcoin is facing significant selling at the start of the new week, with some analysts expecting a drop as low as $50,000. Several altcoins turned down from their overhead resistance and are threatening to dip below their support levels. Bitcoin (BTC) began December on a weak note, signaling that the bears are not…
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Key points: Bitcoin has reached a crucial overhead resistance, where the bears are expected to mount a strong defense. Several major altcoins are attempting a recovery, which is likely to be met with selling pressure at higher levels. Bitcoin (BTC) recovered above $93,000 on Friday, but the bulls are struggling to sustain the higher levels.…
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Key points: Bitcoin has been facing selling near $89,000, but the bulls have not given up much ground, suggesting a rally to $93,500. Several major altcoins have started a recovery, but they are likely to face selling at higher levels. Bitcoin’s (BTC) recovery is losing steam as bears attempt to sustain the price below the…
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Key points: Bitcoin is attempting a recovery from $80,600, which several analysts believe to be a bottom. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Bitcoin (BTC) dropped roughly 8% last week, but lower levels attracted buyers. The bulls are striving to push the price above $88,000 at…
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Key points: Bitcoin has been facing intense selling pressure, opening the doors for a fall to the crucial support at $73,777. Several major altcoins have slipped below their support levels, indicating that bears remain in firm control. Bitcoin (BTC) attempted a recovery on Friday, but the bears continued to exert pressure, bringing the price as…
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Key points: Bitcoin attempted a recovery on Tuesday, but the market open on Wednesday saw bears applying pressure at the intra-day range highs. Several altcoins are falling toward critical support levels, signaling that the bears remain in control. Buyers are trying to sustain Bitcoin (BTC) above the $90,000 level, but the bears continue to build…
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Key points: Bitcoin’s fall has resulted in three consecutive weeks of outflows from crypto ETPs, indicating a negative sentiment. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Bitcoin (BTC) attempted a recovery to start the week, but the long wick on the candlestick shows selling at higher levels.…
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Key points: Bitcoin has broken below the psychological support at $100,000, opening the gates for a potential sell-off to $87,800. Several major altcoins are approaching their support levels but have failed to bounce with strength, increasing the risk of a breakdown. Bitcoin (BTC) appears weak in the near term as bears pull the price further…
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Bitcoin (BTC) bulls pushed the price above $105,000 on Wednesday, but the bears pounced on the rally and pulled the price below $102,000. That shows the bears are not willing to relinquish their advantage. Morgan Stanley Wealth Management investment strategist Denny Galindo has turned cautious on the BTC rally. In a podcast episode titled Crypto…
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Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…
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