BEARISH📉
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💥💥💥 #bitcoinprice Faces Potential Dive: Key Support Levels to Monitor
Bitcoin Price Struggles Below Resistance, Risking Further Decline
- Bitcoin's price failed to reclaim levels above the $62,500 resistance zone & is displaying bearish signals, potentially dropping below the crucial $60,000 support.
Bitcoin Faces Resistance #BEARISH📉 Trend
- Bitcoin attempted a recovery above the $61,200 mark but encountered strong resistance near $62,500. The subsequent decline saw the price falling below $61,500 & the 23.6% Fibonacci retracement level of the upward move from the $58,448 low to $62,454 high.
- Currently, BTC is trading below $62,000 & the 100-hourly Simple Moving Average, indicating bearish momentum. A significant bearish trend line is forming with resistance around $61,850 on the hourly chart of the BTC/USD pair sourced from Kraken.
Potential Scenarios for Bitcoin Price
- If Bitcoin manages to break above the $62,000 resistance, it could initiate a steady upward move. Key resistances on the way up include $61,500, $61,850 (trend line resistance), and $62,000. A clear break above $62,000 might pave the way for a test of the $62,500 resistance, with further gains possibly targeting $63,500.
- However, failure to breach the $62,000 resistance zone could lead to another downward movement. Initial support is near $60,450, followed by a crucial support level at $60,000. Further downside pressure might push BTC towards $59,500 & potentially down to the $58,500 support area in the near term.
Technical Indicators
- Hourly MACD: The #MACD is currently in the bearish zone, indicating increased selling pressure.
- Hourly RSI (Relative Strength Index): The #RSI for BTC/USD is below the 50 level, suggesting bearish momentum.
Summary
Bitcoin faces resistance near $62,000 & $62,500 after failing to sustain above the $62,500 level. A break above $62,000 is crucial for potential upside towards higher resistances.
Conversely, a failure to hold above $60,000 may lead to further losses with initial supports near $60,450 & $60,000.
Source - newsbtc.com
Bitcoin Price Struggles Below Resistance, Risking Further Decline
- Bitcoin's price failed to reclaim levels above the $62,500 resistance zone & is displaying bearish signals, potentially dropping below the crucial $60,000 support.
Bitcoin Faces Resistance #BEARISH📉 Trend
- Bitcoin attempted a recovery above the $61,200 mark but encountered strong resistance near $62,500. The subsequent decline saw the price falling below $61,500 & the 23.6% Fibonacci retracement level of the upward move from the $58,448 low to $62,454 high.
- Currently, BTC is trading below $62,000 & the 100-hourly Simple Moving Average, indicating bearish momentum. A significant bearish trend line is forming with resistance around $61,850 on the hourly chart of the BTC/USD pair sourced from Kraken.
Potential Scenarios for Bitcoin Price
- If Bitcoin manages to break above the $62,000 resistance, it could initiate a steady upward move. Key resistances on the way up include $61,500, $61,850 (trend line resistance), and $62,000. A clear break above $62,000 might pave the way for a test of the $62,500 resistance, with further gains possibly targeting $63,500.
- However, failure to breach the $62,000 resistance zone could lead to another downward movement. Initial support is near $60,450, followed by a crucial support level at $60,000. Further downside pressure might push BTC towards $59,500 & potentially down to the $58,500 support area in the near term.
Technical Indicators
- Hourly MACD: The #MACD is currently in the bearish zone, indicating increased selling pressure.
- Hourly RSI (Relative Strength Index): The #RSI for BTC/USD is below the 50 level, suggesting bearish momentum.
Summary
Bitcoin faces resistance near $62,000 & $62,500 after failing to sustain above the $62,500 level. A break above $62,000 is crucial for potential upside towards higher resistances.
Conversely, a failure to hold above $60,000 may lead to further losses with initial supports near $60,450 & $60,000.
Source - newsbtc.com
🔥🔥🔥 $XRP Price Dips Again: What’s Causing The Continued Slide?
#XRPPrice Struggles and Potential Decline
The XRP price has struggled to break through the $0.480 resistance zone and is currently declining, potentially dropping below the $0.468 support level.
Key Points:
- Failed Gains: XRP couldn't extend gains above the $0.480 resistance and is now trading below $0.475 and the 100-hourly Simple Moving Average (SMA).
- Bearish Trend: A major bearish trend line forms resistance at $0.472 on the hourly chart (data source: Kraken).
- Possible Rejections: The pair might face rejections near $0.472 and $0.480.
Price Movement:
XRP attempted a recovery above $0.472, similar to #bitcoin☀️ and Ethereum , but faced resistance near $0.480. The price reached a high of $0.4797 before starting a fresh decline. It moved below $0.475 and $0.472, falling past the 50% Fib retracement level from $0.4619 to $0.4797. The price is now below $0.475 and the 100-hourly SMA, finding bids near the 61.8% Fib retracement level.
Resistance Levels:
- Initial resistance at $0.472.
- First major resistance at $0.475.
- Main hurdle at $0.480.
A clear move above $0.480 could push the price towards $0.485, with further resistance at $0.500. A close above $0.500 might lead to a rise to $0.512 and potentially $0.525.
Potential for More Losses:
- If XRP fails to clear the $0.472 resistance, it may continue to decline. Initial support is at $0.468, followed by major support at $0.462. A break below $0.462 could lead to further declines, possibly dropping below $0.432.
Technical Indicators:
- Hourly MACD: Gaining pace in the #BEARISH📉 zone.
- Hourly RSI: Below the 50 level.
- Major Support Levels: $0.468 and $0.462.
- Major Resistance Levels: $0.472 and $0.480.
In summary, XRP needs to break the $0.472 and $0.480 resistance levels to start a significant recovery. Failing to do so could result in continued declines, with key support at $0.462.
Source - newsbtc.com
#CryptoMarketTrend #BinanceSquareTalks
#XRPPrice Struggles and Potential Decline
The XRP price has struggled to break through the $0.480 resistance zone and is currently declining, potentially dropping below the $0.468 support level.
Key Points:
- Failed Gains: XRP couldn't extend gains above the $0.480 resistance and is now trading below $0.475 and the 100-hourly Simple Moving Average (SMA).
- Bearish Trend: A major bearish trend line forms resistance at $0.472 on the hourly chart (data source: Kraken).
- Possible Rejections: The pair might face rejections near $0.472 and $0.480.
Price Movement:
XRP attempted a recovery above $0.472, similar to #bitcoin☀️ and Ethereum , but faced resistance near $0.480. The price reached a high of $0.4797 before starting a fresh decline. It moved below $0.475 and $0.472, falling past the 50% Fib retracement level from $0.4619 to $0.4797. The price is now below $0.475 and the 100-hourly SMA, finding bids near the 61.8% Fib retracement level.
Resistance Levels:
- Initial resistance at $0.472.
- First major resistance at $0.475.
- Main hurdle at $0.480.
A clear move above $0.480 could push the price towards $0.485, with further resistance at $0.500. A close above $0.500 might lead to a rise to $0.512 and potentially $0.525.
Potential for More Losses:
- If XRP fails to clear the $0.472 resistance, it may continue to decline. Initial support is at $0.468, followed by major support at $0.462. A break below $0.462 could lead to further declines, possibly dropping below $0.432.
Technical Indicators:
- Hourly MACD: Gaining pace in the #BEARISH📉 zone.
- Hourly RSI: Below the 50 level.
- Major Support Levels: $0.468 and $0.462.
- Major Resistance Levels: $0.472 and $0.480.
In summary, XRP needs to break the $0.472 and $0.480 resistance levels to start a significant recovery. Failing to do so could result in continued declines, with key support at $0.462.
Source - newsbtc.com
#CryptoMarketTrend #BinanceSquareTalks
Looking at $XRP on the 1W chart we can see that it has been hammering on the support level for the past 4 weeks consecutively and is now at a point of concentration.
The price of #XRP will either increase sharply from this level or more likely break down to the support level of 0.4. We are more likely to see it bounce up again from that level.... lets see, I'm #BEARISH📉 for now.
The price of #XRP will either increase sharply from this level or more likely break down to the support level of 0.4. We are more likely to see it bounce up again from that level.... lets see, I'm #BEARISH📉 for now.
ETH (ANALYSIS)
Price is very close to marked supply zone, expecting a retest into marked supply zone then sell off will trigger form there towards downside in it.
$ETH
#BEARISH📉 #etherreum
Price is very close to marked supply zone, expecting a retest into marked supply zone then sell off will trigger form there towards downside in it.
$ETH
#BEARISH📉 #etherreum
$IO STARTS DUMPING !!
Guys as you can seeing it is going with downward momentum and carryon trend line with dumping !! I think it will dumps more and reaches below then 3$ soon !! Here is a good opportunity for future traders to take short here !!
Check my latest graph below here to take your entry now here !!
#IOUSDT
#BEARISH📉
#CryptoPCEWatch
#MtGoxJulyRepayments
#CryptoTradingGuide
Guys as you can seeing it is going with downward momentum and carryon trend line with dumping !! I think it will dumps more and reaches below then 3$ soon !! Here is a good opportunity for future traders to take short here !!
Check my latest graph below here to take your entry now here !!
#IOUSDT
#BEARISH📉
#CryptoPCEWatch
#MtGoxJulyRepayments
#CryptoTradingGuide
BTC CRASHING BACK TO $50,000 🤯😱😱😱
Be careful pals, a lot of Negative signals, Negative trends...
I escaped from my funds getting Liquidated I will advice all traders, be careful when trading in Margin trade, I made my analysis I found out this is high risk .... Holding on spot is the safest thing to do
A word is Enough for the Wise!!!!
Make your calculations on the borrowed asset against your Profit and losses you will understand ..
so best thing is lock on earn, wait for a major pump!!
if you make 2x or 3x of your capital , sell 90% leave 10% then watch trends and its market correction for 3 weeks before putting in 90% again..
I turn $350 into $6000 , I refused to sell 90% now, am down to $1800, this is very unwise....
so avoid this mistakes, learn from my mistakes don't fall victim of it..
Trade wisely for the rest June!!
Well am back 😁😁
Who missed me??
Drop why you missed my analysis on the comment
#BTC☀ #BEARISH📉 #CryptoTradingGuide
Be careful pals, a lot of Negative signals, Negative trends...
I escaped from my funds getting Liquidated I will advice all traders, be careful when trading in Margin trade, I made my analysis I found out this is high risk .... Holding on spot is the safest thing to do
A word is Enough for the Wise!!!!
Make your calculations on the borrowed asset against your Profit and losses you will understand ..
so best thing is lock on earn, wait for a major pump!!
if you make 2x or 3x of your capital , sell 90% leave 10% then watch trends and its market correction for 3 weeks before putting in 90% again..
I turn $350 into $6000 , I refused to sell 90% now, am down to $1800, this is very unwise....
so avoid this mistakes, learn from my mistakes don't fall victim of it..
Trade wisely for the rest June!!
Well am back 😁😁
Who missed me??
Drop why you missed my analysis on the comment
#BTC☀ #BEARISH📉 #CryptoTradingGuide
"Will the Market Fill the $64,200 CME Gap? New York Session Could Decide!"
In about two hours, the New York session will begin, and the market will likely establish a new direction. There's a possibility that it could drop below $60,000, but it might also aim to fill the CME gap around $64,200. Personally, I believe it will fill the gap at $64,200. If anyone opens a long position around $64,200, there could be a chance to break even. Please note that this is not financial advice; always conduct your own research before making any investment decisions.
$BTC #BEARISH📉
In about two hours, the New York session will begin, and the market will likely establish a new direction. There's a possibility that it could drop below $60,000, but it might also aim to fill the CME gap around $64,200. Personally, I believe it will fill the gap at $64,200. If anyone opens a long position around $64,200, there could be a chance to break even. Please note that this is not financial advice; always conduct your own research before making any investment decisions.
$BTC #BEARISH📉
Down bad, anon?
Everyone at Kim HQ is too, dw. We’re in this together.
The difference, however, is many of us are sitting comfortably leveraging Kim and eating up a fat stack of rewards every day, it makes the red candles kinda look green? Or maybe Gary is just color blind.
Start Yeeting, its Monday.
#Bullish #Optimism #Superchain #BEARISH📉
Everyone at Kim HQ is too, dw. We’re in this together.
The difference, however, is many of us are sitting comfortably leveraging Kim and eating up a fat stack of rewards every day, it makes the red candles kinda look green? Or maybe Gary is just color blind.
Start Yeeting, its Monday.
#Bullish #Optimism #Superchain #BEARISH📉
It’s time to buy, not to sell. Take advantage of the low prices to invest in mid/long term. In any moment the prices will rise and your saving will increase as well.
I always recommend serious projects like: $BTC , $ETH and $SOL .
Just check the graphs:
#Megadrop #BEARISH📉 #InvestSmartly #BTC500K
I always recommend serious projects like: $BTC , $ETH and $SOL .
Just check the graphs:
#Megadrop #BEARISH📉 #InvestSmartly #BTC500K
🔥🔥🔥 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop
Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower.
Key Points:
- Initial Decline: Began from the $64,550 resistance.
- Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA).
- #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart.
- Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels.
Detailed Analysis:
Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point.
Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement).
Potential Price Movement:
Upside Potential:
- Break Above $64,500: Could signal a steady increase.
- Targets: $65,500 and potentially $66,200.
Downside Risks:
- Failure to Break $63,550: Could lead to further decline.
- Immediate Support: Near $62,700.
- Further Support: $62,200 and $62,000.
- Significant Drop: Could reach the $61,200 support zone.
Technical Indicators:
- Hourly MACD: Gaining pace in the bearish zone.
- Hourly RSI: Below 50, indicating bearish sentiment.
Summary:
Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices.
Key Levels to Watch:
- Support: $62,700, $62,200, $62,000.
- Resistance: $63,550, $64,500.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower.
Key Points:
- Initial Decline: Began from the $64,550 resistance.
- Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA).
- #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart.
- Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels.
Detailed Analysis:
Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point.
Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement).
Potential Price Movement:
Upside Potential:
- Break Above $64,500: Could signal a steady increase.
- Targets: $65,500 and potentially $66,200.
Downside Risks:
- Failure to Break $63,550: Could lead to further decline.
- Immediate Support: Near $62,700.
- Further Support: $62,200 and $62,000.
- Significant Drop: Could reach the $61,200 support zone.
Technical Indicators:
- Hourly MACD: Gaining pace in the bearish zone.
- Hourly RSI: Below 50, indicating bearish sentiment.
Summary:
Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices.
Key Levels to Watch:
- Support: $62,700, $62,200, $62,000.
- Resistance: $63,550, $64,500.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
$VANRY - price analysis request:
🔷Medium / short term:
-Bearish price action with a clean rejection again at the 0.15800$ resistance! 📉
-The price may retest the 0.135000$ on the short term. If this support don't hold, then the we should see a drop toward the 0.1200$ leve or even lower❗️
🎯Main Resistances:
Downtrend line; 0.15800 & 0.1700$
🎯Main Supports:
0.13500; then 0.1200 - 0.100 & 0.800$ levels
Chance to see a bearish continuation are high! 📉
#VANRY #BTC☀ #Crypto_Jobs🎯 #TradingShot #BEARISH📉
🔷Medium / short term:
-Bearish price action with a clean rejection again at the 0.15800$ resistance! 📉
-The price may retest the 0.135000$ on the short term. If this support don't hold, then the we should see a drop toward the 0.1200$ leve or even lower❗️
🎯Main Resistances:
Downtrend line; 0.15800 & 0.1700$
🎯Main Supports:
0.13500; then 0.1200 - 0.100 & 0.800$ levels
Chance to see a bearish continuation are high! 📉
#VANRY #BTC☀ #Crypto_Jobs🎯 #TradingShot #BEARISH📉
$VANRY - Simplified view ==> Bearish setup:
0.1200 - 0.100 - 0.800$ zone 🎯
#vanry #BEARISH📉 #BTC☀ #DYOR* #TradingShot
0.1200 - 0.100 - 0.800$ zone 🎯
#vanry #BEARISH📉 #BTC☀ #DYOR* #TradingShot
Bitcoin Crash Warning: Prices Could Drop to $47,000 to $55,000 - Here's What I'm Doing (Not Financial Advice)
I want to share some thoughts on the current state of the cryptocurrency market, specifically regarding Bitcoin and altcoins. This is not financial advice, but rather my personal strategy and perspective. I urge everyone to conduct their own research and make decisions based on their findings.
If Bitcoin drops and closes below $64,000 on a daily Timeframe, I believe there could be a significant downturn, potentially leading to sharp declines in both Bitcoin and altcoins. In such a scenario, I am prepared to book losses in my trades to mitigate further risk.
If Bitcoin's price drops, the market could experience a substantial bleed, with prices possibly falling to $55,000 or even as low as $47,000. Such movements can be severe and swift, resembling a waterfall in their intensity.
Please remember, this is simply my approach. The cryptocurrency market is highly volatile and unpredictable. My views may not be correct, and it is crucial for each individual to assess their own risk tolerance and investment strategy.
Stay informed, stay cautious, and make decisions that are best suited for your financial situation.
$BTC #BEARISH📉
I want to share some thoughts on the current state of the cryptocurrency market, specifically regarding Bitcoin and altcoins. This is not financial advice, but rather my personal strategy and perspective. I urge everyone to conduct their own research and make decisions based on their findings.
If Bitcoin drops and closes below $64,000 on a daily Timeframe, I believe there could be a significant downturn, potentially leading to sharp declines in both Bitcoin and altcoins. In such a scenario, I am prepared to book losses in my trades to mitigate further risk.
If Bitcoin's price drops, the market could experience a substantial bleed, with prices possibly falling to $55,000 or even as low as $47,000. Such movements can be severe and swift, resembling a waterfall in their intensity.
Please remember, this is simply my approach. The cryptocurrency market is highly volatile and unpredictable. My views may not be correct, and it is crucial for each individual to assess their own risk tolerance and investment strategy.
Stay informed, stay cautious, and make decisions that are best suited for your financial situation.
$BTC #BEARISH📉
👉👉👉 $XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness
XRP encountered strong resistance near $0.500 and is now showing bearish signs, potentially dropping below $0.4850 support.
Initially attempting to break above $0.500, XRP faced rejection and is currently trading below both $0.4950 and the 100-hourly Simple Moving Average. On the hourly chart from Kraken, a breached short-term rising channel with support at $0.4920 added to the bearish sentiment.
XRP briefly tested $0.4950 and spiked above $0.500 before reversing near $0.5019, paralleling Bitcoin's decline. It fell below key levels at $0.4980 and $0.4950, also breaking the 50% Fibonacci retracement level from recent swings.
Currently positioned below $0.4950 and the 100-hourly SMA, XRP finds support near $0.4850 and the 61.8% Fibonacci retracement level.
Resistance hurdles include $0.4950, $0.50, and $0.5020, with potential targets at $0.5150, $0.5250, $0.5320, and $0.550 if a breakout above $0.5020 occurs.
Failure to surpass $0.50 may increase downward pressure, with initial support at $0.4850 and stronger support at $0.4765. A breakdown below $0.4765 could intensify selling pressure, potentially pushing XRP below $0.4540.
Technical Indicators:
- Hourly MACD shows increasing #BEARISH📉 momentum.
- Hourly RSI is below the 50 level, indicating bearish sentiment.
Key Levels:
- Support: $0.4850, $0.4765
- Resistance: $0.5020, $0.5150
In summary, XRP faces strong resistance at $0.500 with bearish signals, potentially testing lower support levels under $0.4850 amidst increasing bearish momentum.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
XRP encountered strong resistance near $0.500 and is now showing bearish signs, potentially dropping below $0.4850 support.
Initially attempting to break above $0.500, XRP faced rejection and is currently trading below both $0.4950 and the 100-hourly Simple Moving Average. On the hourly chart from Kraken, a breached short-term rising channel with support at $0.4920 added to the bearish sentiment.
XRP briefly tested $0.4950 and spiked above $0.500 before reversing near $0.5019, paralleling Bitcoin's decline. It fell below key levels at $0.4980 and $0.4950, also breaking the 50% Fibonacci retracement level from recent swings.
Currently positioned below $0.4950 and the 100-hourly SMA, XRP finds support near $0.4850 and the 61.8% Fibonacci retracement level.
Resistance hurdles include $0.4950, $0.50, and $0.5020, with potential targets at $0.5150, $0.5250, $0.5320, and $0.550 if a breakout above $0.5020 occurs.
Failure to surpass $0.50 may increase downward pressure, with initial support at $0.4850 and stronger support at $0.4765. A breakdown below $0.4765 could intensify selling pressure, potentially pushing XRP below $0.4540.
Technical Indicators:
- Hourly MACD shows increasing #BEARISH📉 momentum.
- Hourly RSI is below the 50 level, indicating bearish sentiment.
Key Levels:
- Support: $0.4850, $0.4765
- Resistance: $0.5020, $0.5150
In summary, XRP faces strong resistance at $0.500 with bearish signals, potentially testing lower support levels under $0.4850 amidst increasing bearish momentum.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
