Key points: Bitcoin remains under pressure as bears are selling on rallies near the $74,508 resistance The bears are mounting a solid defense in several major altcoins at higher levels, indicating a negative sentiment. Bitcoin (BTC) has started the new week on a cautious note as bulls attempt to maintain the price above $67,500. Investors…
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Key points: Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508. Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers. Bitcoin (BTC) has risen above $68,500, as buyers attempt to form a higher low near $65,000. According to Glassnode, BTC is…
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Key points: Bitcoin spot selling keeps a $60,000 retest open as a short-term outcome. Several major altcoins risk resuming the downtrend, indicating a negative investor outlook. Bitcoin (BTC) has again come under pressure, dropping below the $66,000 level during the early hours of the US trading session. According to Kaiko Research, a 52% retracement from…
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Bitcoin and altcoins saw strong double-digit price rebounds after this week’s brutal sell-off, but do technical charts forecast a longer-term recovery, or is today’s rally just a dead cat bounce? Source link
Key points: Bitcoin remains under pressure as the bears attempt to hold the price below the crucial $74,508 level. Several major altcoins are struggling to bounce off their support levels, increasing the likelihood of the resumption of the downtrend. Bitcoin (BTC) bulls attempted to start a recovery, but the bears sold at higher levels and…
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Key points: Bitcoin has started a relief rally, which is expected to face selling near $84,000. Several major altcoins are at risk of breaking below their support levels if the bulls fail to clear the overhead resistance levels. Bitcoin (BTC) turned up from the $74,508 level on Monday, and the buyers are attempting to maintain…
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Key points: Bitcoin’s break below $84,000 tilts the advantage in favor of the bears, opening the doors for a potential fall to $74,508. Several major altcoins have slipped below their support levels, signaling that the bears are attempting to take charge. Bitcoin (BTC) remains under pressure as sellers attempt to sustain the price below the…
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Key points: Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure. Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels. Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to…
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Key points: Bitcoin is attempting a recovery, but higher levels are likely to attract solid selling by the bears. Several major altcoins are at risk of breaking below their support levels. Bitcoin (BTC) bounced off the $86,000 level, but the bulls are struggling to sustain the higher levels. That shows selling on rallies. Although analysts…
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Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins, else the recovery could fizzle out. Bitcoin (BTC) is attempting to find support near $88,000, but a handful of US and global macroeconomic factors are creating headwinds…
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