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Bitcoin Price Under Pressure as Bears Dominate
#bitccoin #BTCPricePredictions #BTCDROPING #btcdumping $BTC
Bitcoin Price Under Pressure as Bears Dominate
The price of Bitcoin has continued its downward trajectory, falling below the $95,000 threshold. As BTC attempts to correct its recent gains, it may face challenges in climbing back above the $96,500 mark.
Key points:
Bitcoin initiated a new decline from the $97,500 resistance level.
The price is currently trading below $97,000 and the 100-hourly Simple Moving Average (SMA).
A bearish trend line with resistance around $94,900 is forming on the hourly BTC/USD chart (data from Kraken).
The pair could see a rebound if it maintains above the $92,500 support level.
Bitcoin's Descent Below $95K
Bitcoin failed to sustain a recovery wave above the $98,000 resistance, keeping it within a short-term bearish phase and pushing it further below the $96,500 mark.
The price experienced a noticeable drop below the $95,000 support, reaching as low as $92,501. It is now consolidating below the 23.6% Fibonacci retracement level of the recent decline from the $102,760 high to the $92,500 low.
Currently, Bitcoin is trading below $96,500 and the 100-hourly SMA. Immediate resistance lies near the $95,000 level, with a connecting bearish trend line at $94,900 on the hourly chart.
A significant resistance level is at $96,500. Breaking through this level could propel the price higher, with the next resistance near $97,500, aligning with the 50% Fibonacci retracement of the recent drop from $102,760 to $92,500.
A close above $97,500 might drive Bitcoin towards the $98,800 resistance. Further gains could target the $100,000 level.
Potential for Another Decline?
If Bitcoin cannot surpass the $95,000 resistance, it may face another decline. The immediate support is around $93,500, with major support at $92,500. A breach below this could push the price towards the $91,500 support in the short term.
Technical Indicators:
Hourly MACD: The MACD is gaining momentum in the bearish zone.
Hourly RSI: The RSI for BTC/USD is below 50.
Key Support Levels: $93,500 and $92,500.
Key Resistance Levels: $95,000 and $96,500.
Bitcoin Price Under Pressure as Bears Dominate
The price of Bitcoin has continued its downward trajectory, falling below the $95,000 threshold. As BTC attempts to correct its recent gains, it may face challenges in climbing back above the $96,500 mark.
Key points:
Bitcoin initiated a new decline from the $97,500 resistance level.
The price is currently trading below $97,000 and the 100-hourly Simple Moving Average (SMA).
A bearish trend line with resistance around $94,900 is forming on the hourly BTC/USD chart (data from Kraken).
The pair could see a rebound if it maintains above the $92,500 support level.
Bitcoin's Descent Below $95K
Bitcoin failed to sustain a recovery wave above the $98,000 resistance, keeping it within a short-term bearish phase and pushing it further below the $96,500 mark.
The price experienced a noticeable drop below the $95,000 support, reaching as low as $92,501. It is now consolidating below the 23.6% Fibonacci retracement level of the recent decline from the $102,760 high to the $92,500 low.
Currently, Bitcoin is trading below $96,500 and the 100-hourly SMA. Immediate resistance lies near the $95,000 level, with a connecting bearish trend line at $94,900 on the hourly chart.
A significant resistance level is at $96,500. Breaking through this level could propel the price higher, with the next resistance near $97,500, aligning with the 50% Fibonacci retracement of the recent drop from $102,760 to $92,500.
A close above $97,500 might drive Bitcoin towards the $98,800 resistance. Further gains could target the $100,000 level.
Potential for Another Decline?
If Bitcoin cannot surpass the $95,000 resistance, it may face another decline. The immediate support is around $93,500, with major support at $92,500. A breach below this could push the price towards the $91,500 support in the short term.
Technical Indicators:
Hourly MACD: The MACD is gaining momentum in the bearish zone.
Hourly RSI: The RSI for BTC/USD is below 50.
Key Support Levels: $93,500 and $92,500.
Key Resistance Levels: $95,000 and $96,500.
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đšđš69,000 BTC at Stake: The Government Plan That Could Rock the Market! đšđš
America and the 69,000 Bitcoins: What Does It Mean for the Market? đš
The U.S. Department of Justice (DOJ) recently confirmed plans to sell 69,000 confiscated Bitcoins, a move that has caught the attention of crypto investors around the world. But how will this sale happen and what impact will it have on the market?
An Enigma: How Will Bitcoins Be Sold?
The DOJ has not yet officially clarified how these Bitcoins will be sold. However, the most likely options include:
The U.S. Department of Justice (DOJ) recently confirmed plans to sell 69,000 confiscated Bitcoins, a move that has caught the attention of crypto investors around the world. But how will this sale happen and what impact will it have on the market?
An Enigma: How Will Bitcoins Be Sold?
The DOJ has not yet officially clarified how these Bitcoins will be sold. However, the most likely options include:
experts traders please tell what should do with this hold or close $BTC $XRP $ETH #BinanceAlphaAlert #btcdumping #USJoblessClaimsDrop #BNBBhutanReserves #AIMarketCapDip
Bitcoin ETF Outflows: Will Bitcoin Reach $90K?
Bitcoin ETFs had huge outflows, with $568M pulled out on Jan 8.
Bitcoinâs price dropped to $92400, and some are worried it might fall to $90K. Big investors like Fidelity and BlackRock led the withdrawals, while Ether ETFs also lost $159M. Despite this, the market still feels "Greedy." Bitcoin must stay above $92,500, to avoid dropping further.
Will Bitcoin recover or keep falling? comment your thoughts đ
$BTC
#BitcoinETFs #btcdumping #ShareYourTrade
Bitcoin ETFs had huge outflows, with $568M pulled out on Jan 8.
Bitcoinâs price dropped to $92400, and some are worried it might fall to $90K. Big investors like Fidelity and BlackRock led the withdrawals, while Ether ETFs also lost $159M. Despite this, the market still feels "Greedy." Bitcoin must stay above $92,500, to avoid dropping further.
Will Bitcoin recover or keep falling? comment your thoughts đ
$BTC
#BitcoinETFs #btcdumping #ShareYourTrade
The diviation with a fake out above the range high was a pure market manipulation, designed to drain liquidity from retail investors.
We are now almost back to the range low. If this range doesnât hold, we could see a revisit to $85,000, #MarketSentimentToday #BTC #btcdumping
We are now almost back to the range low. If this range doesnât hold, we could see a revisit to $85,000, #MarketSentimentToday #BTC #btcdumping
predicted this $BTC dump tomorrow. Want to be ahead like this and learn crypto then see my bio.
#BTC100KTrumpEffect #BullCyclePrediction #BullRunAhead #BearishAlert #btcdumping
#BTC100KTrumpEffect #BullCyclePrediction #BullRunAhead #BearishAlert #btcdumping
Hello guys i think market is going to be dumped soon because $BTC face strong resistance near 97500 and and also some fundaments are against $BTC if btc could not break the 98500 resistance and start dump then alts may face bleeding so avoid to trap in FOMO and secure your profit as soon as possible and wait for next entry
#Write2Earn!
#Write2Earn
#BTC
#btcdumping
#Write2Earn!
#Write2Earn
#BTC
#btcdumping
In the last 48 hours, Bitcoin (BTC) experienced a 13% decline from its recent all-time high of $73,835,
briefly dipping to around $60,000. This downward movement was triggered by market conditions becoming overheated, leading to what analysts refer to as a "pre-halving retrace" before the upcoming Bitcoin halving event, which is approximately 30 days away.
The duration of these corrections and their broader impact on Bitcoin ($BTC ) remain uncertain as we move forward.
As we navigate through this sudden market downturn and potential unrealized losses, it's important to consider the approaching tax season.To safeguard yourself from potential losses, it's crucial to stay on top of your tax obligations. Remember, once funds are lost, they are gone.
$BTC #BTC #BTCđ„đ„đ„đ„ #btcdumping
briefly dipping to around $60,000. This downward movement was triggered by market conditions becoming overheated, leading to what analysts refer to as a "pre-halving retrace" before the upcoming Bitcoin halving event, which is approximately 30 days away.
The duration of these corrections and their broader impact on Bitcoin ($BTC ) remain uncertain as we move forward.
As we navigate through this sudden market downturn and potential unrealized losses, it's important to consider the approaching tax season.To safeguard yourself from potential losses, it's crucial to stay on top of your tax obligations. Remember, once funds are lost, they are gone.
$BTC #BTC #BTCđ„đ„đ„đ„ #btcdumping
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Good morning!
After arriving at my sister's house two days ago, I noticed the market was not favorable this morning. I decided to close my Polyx trade, expecting Bitcoin to decrease by more than 10% (from 60k to 50k). However, I'm still holding onto ORDi, XRP, and AGIX. Although our spot holdings have decreased by over 30%, we're optimistic about recovery within a month.
Looking ahead to April 2024, it appears to be a promising time for both Bitcoin and altcoins following the halving event. This often triggers an "alt season," where altcoins gain attention and experience price surges. Many predict that Bitcoin's price will gradually rise after the halving, potentially exceeding previous highs. Therefore, despite the current market challenges, there's hope for a brighter future in crypto.
#TrendingTopic #btchalving2024 #HotTrends #btcdumping
After arriving at my sister's house two days ago, I noticed the market was not favorable this morning. I decided to close my Polyx trade, expecting Bitcoin to decrease by more than 10% (from 60k to 50k). However, I'm still holding onto ORDi, XRP, and AGIX. Although our spot holdings have decreased by over 30%, we're optimistic about recovery within a month.
Looking ahead to April 2024, it appears to be a promising time for both Bitcoin and altcoins following the halving event. This often triggers an "alt season," where altcoins gain attention and experience price surges. Many predict that Bitcoin's price will gradually rise after the halving, potentially exceeding previous highs. Therefore, despite the current market challenges, there's hope for a brighter future in crypto.
#TrendingTopic #btchalving2024 #HotTrends #btcdumping
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BTC is still in the channel. In such cases, the price can hang around for quite a long time, and the exit will show the target of the further movement.
For now, I am more inclined to believe that the correction will continue because the 50% level has not been reached.
But it is not known how deep the correction will be. It may not be large, medium or to the very base. But once it ends, this will be the best time to buy, as I have no doubt that new highs await us.
What do you think about this?
I personally think that btc will pull back around 60k, we might see 58k as well! actually nobody knows , its just predictions.. DYOR
if you like my post , please help with follow đđ
#BTCAnalysi  #BTCđ„đ„đ„đ„  #btcdumping  #HotTrends"  #HotTopics
For now, I am more inclined to believe that the correction will continue because the 50% level has not been reached.
But it is not known how deep the correction will be. It may not be large, medium or to the very base. But once it ends, this will be the best time to buy, as I have no doubt that new highs await us.
What do you think about this?
I personally think that btc will pull back around 60k, we might see 58k as well! actually nobody knows , its just predictions.. DYOR
if you like my post , please help with follow đđ
#BTCAnalysi  #BTCđ„đ„đ„đ„  #btcdumping  #HotTrends"  #HotTopics
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đđąUrgent Announcement of #Btc BTCPREDICTION.
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đToday BTC will goes down and will break all the previous support like 64k..
đListen all #btcinvestors close your trades as soon as possible.
đIf you have huge wallet than you can keep open your trade.
đcurrent value of #btcvalue 66.8k
đExpected Value of #BTCvalue 60-64K
#btcdumping
đđđGet Your Free Rewards Here
đToday BTC will goes down and will break all the previous support like 64k..
đListen all #btcinvestors close your trades as soon as possible.
đIf you have huge wallet than you can keep open your trade.
đcurrent value of #btcvalue 66.8k
đExpected Value of #BTCvalue 60-64K
#btcdumping
Lets see $$BTC đ
What Happens Next
#BTCđ„đ„đ„đ„
#BTCMovement: #BTCAnalysi
#BTCOutflows #btcdumping
Feel free to tell your opinions đ€
What Happens Next
#BTCđ„đ„đ„đ„
#BTCMovement: #BTCAnalysi
#BTCOutflows #btcdumping
Feel free to tell your opinions đ€
#HotTrends $BTC
Whales be pumping it again anytime soon ?
or is it the start of downfall ?
#BTC #btcdumping #halvingtime
$BNB $ETH
Whales be pumping it again anytime soon ?
or is it the start of downfall ?
#BTC #btcdumping #halvingtime
$BNB $ETH
From my personal point of view :
I am optimistic for the correction wave of $BTC it is the norm of crypto market, nothing will fly straight forward all the time, this corrections are healthy for the market to obtain some liquidity and to move investment to alt coins.
#HotTrends #BTCđ„đ„đ„đ„ #btcdumping #HalvingTime #Write2Earn
I am optimistic for the correction wave of $BTC it is the norm of crypto market, nothing will fly straight forward all the time, this corrections are healthy for the market to obtain some liquidity and to move investment to alt coins.
#HotTrends #BTCđ„đ„đ„đ„ #btcdumping #HalvingTime #Write2Earn