📉 Bitcoin's support is weakening below $60K, despite the latest U.S. #PCE data showing a three-year low in inflation.
While PCE data was as expected, $BTC price remains stagnant, hovering just above $60K.

#pcedata #BTCPrice #bitcoinprice #TrendingTopic

📉 As Q2 ends, $BTC faces a 14% decline, its first negative quarter since Q3 2023, despite maintaining above $60K.
June alone saw a 9% drop.

#BTCDrop #BitcoinPriceDrop #bitcoinprice #BTCPrice #TrendingTopic

📉 IS NOW THE TIME TO BUY THE DIP? 📈

The Bitcoin Mayer Multiple, a classic BTC price indicator, has hit an eight-month low, suggesting a potential "buy the dip" opportunity.

Bitcoin is currently trading around $61,000, yet the sentiment among holders is notably bearish due to a recent 17% dip. Despite the drop, the Mayer Multiple is showing signs that could indicate an impending recovery.

The Mayer Multiple measures Bitcoin's price against its 200-day moving average. Historically, a reading below 2.4 has been considered a "buy" signal. On June 26, the Mayer Multiple hit 1.05, its lowest since October 2023, when Bitcoin was at $29,900.

📝 Analyst Perspective:
Popular analyst On-Chain College highlighted this in a recent X (formerly Twitter) post, stating:
“The Bitcoin Mayer Multiple is now at a level not seen since October 2023, despite price at $60.9K now vs. $29.9K back in October.

📉 Historical Context:
It's important to note that while the Mayer Multiple hitting extreme lows can suggest a recovery, it doesn't always correspond immediately to price floors. For example, in mid-2022, the indicator bottomed at 0.47, but Bitcoin’s price didn't hit its lowest until four months later.

Also, the Crypto Fear & Greed Index reflects heightened fear, challenging 2024 lows. However, Bitcoin's relative strength index (RSI) has also dipped into "oversold" territory, suggesting a potential rebound.

💡 Conclusion:

With the Mayer Multiple and RSI both indicating potential bullish trends despite the current bearish sentiment, the market might be setting up for a rebound...

...BUT stay alert as the US and German governments unloaded HUNDREDS OF MILLIONS worth of bitcoin to various exchanges and may crash the market if they start selling off.

There's 2 sides here, a bullish and a bearish one, yet nobody knows what's gonna happen next....

Stay informed with @Professor Mende - Founder of BONUZ Project - in Dubai UAE and drop a comment below!

#btc #bitcoinprice #priceanalysis #BuytheDips #bitcoinnews
$BTC  $ETH  $BNB

💥💥💥 #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's Mayer Multiple, a key price indicator, has hit its lowest level since October 2023, indicating a "healthy reset" to #bullish sentiment.
The current Mayer Multiple stands at 1.05, significantly below the 2.4 level, traditionally seen as a buy signal.

#bitcoinprice #priceindicator #BitcoinPrice2024 #TrendingTopic

The German government recently sold 400 #Bitcoin on exchanges Kraken and Coinbase, contributing to Bitcoin's price drop to around $60,000.
This action is part of a larger sell-off, following a previous offload of over 1,700 $BTC worth $110 million. The government still holds approximately $2.8 billion in Bitcoin. This sell-off, combined with other market activities, has significantly impacted Bitcoin's

#Germany #BitcoinPriceDrop #bitcoinprice #TrendingTopic

Why is the #Bitcoin price down? 🤔
➔ Germany is selling 400 $BTC , worth $27M.
➔ Outflows from spot Bitcoin ETFs reached $1.3 billion over the last two weeks.
➔ #MtGox announced plans to distribute $9 billion worth of $BTC and $BCH

#bitcoinprice #BitcoinPriceDrop #TrendingTopic

🏆 New Week, New Challenge at esatoshiclub!
Predict the highest $BTC price between June 24 and June 30 to win 100,000 Satoshis🎉
How to enter:
-Submit your best guess under this (https://x.com/esatoshiclub/status/1805163881058193602) post.
- Reply within 72 hours to predict $BTC 's highest price from June 17 to June 23.
- Like & RT this (https://x.com/esatoshiclub/status/1805163881058193602) post.
- Prize: 100K satoshis for the closest and fastest guess.

#BTCPricePredictions #BTCPriceForecast #bitcoinprice #BitcoinPrice2024 #TrendingTopic

🔥🔥🔥 #bitcoinprice Could Attempt to Recover Lost Ground But Faces Many Hurdles

Bitcoin's price is currently consolidating above the $64,000 mark, with potential for recovery if it surpasses the crucial $65,650 resistance zone.

Bitcoin recently initiated a minor rebound above $65,000. However, it remains below $65,500 and the 100-hourly Simple Moving Average. On the hourly chart of the BTC/USD pair from Kraken, a short-term contracting triangle is forming with resistance at $65,400.

After testing as low as $64,050, Bitcoin corrected some losses by climbing above $64,500. The bulls encountered resistance near the $65,500 level, hindering further upside progress. Despite this, the price managed to surpass the 23.6% Fibonacci retracement level of the recent decline from the $67,255 high to the $64,050 low.

As Bitcoin continues trading below $65,500, the immediate challenge remains at the $65,400 resistance and the triangle trend line. To resume an upward trend, BTC must decisively breach the $65,400 and $65,650 resistance levels. A successful move above $66,000 could trigger a sustained rally towards $66,550 and potentially higher to the $67,500 resistance.

Conversely, failure to surpass the $65,650 hurdle might prompt another downturn. Initial support lies near $64,850, followed by more substantial levels at $64,400 and $64,000. Further losses could lead Bitcoin towards the $63,200 support area in the near term.

Technical Indicators:

- Hourly MACD: Showing signs of losing bearish momentum.

- Hourly RSI (Relative Strength Index): Currently above the 50 level, indicating potential strength in the short term.

Key Levels to Watch:

- Major Support Levels: $64,400, $64,000

- Major Resistance Levels: $65,400, $65,650

This technical outlook underscores Bitcoin's current consolidation phase and the critical resistance levels that could dictate its next major move in the coming sessions.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets

🚀🚀🚀 Bitcoin Poised for $130,000 Peak by December 2025, Analyst Predicts 🚀🚀🚀

A cryptocurrency analyst, known as CryptoCon, has predicted that Bitcoin (BTC) will reach a cycle top of $130,000 by December 2025. This prediction is based on a technical analysis model that compares historical #bitcoinprice cycles.

Here are the key points of the prediction:

- Cycle top: $130,000

- Date: December 2025

- Model: Trend Pattern Price Model

- Analyst: CryptoCon

This prediction is based on the following assumptions:

- Bitcoin price cycles are similar to each other.

- The peak-to-peak angle and peak-to-2-peaks-later angle in each cycle are reduced by half.

- The period of consolidation before the spike ends soon.

It is important to note that this is just a prediction and the actual price of Bitcoin could be significantly higher or lower than $130,000 in December 2025. There are many factors that could affect the price of Bitcoin, including:

- Global economic conditions

- Regulation

- Adoption

- Technological advancements

Investors should always do their own research and due diligence before investing in any #cryptocurrency.

#CryptoNews🔒📰🚫 #BitcoinPricePrediction #BinanceSquareBTC $BTC

Just hypotetical chart!  And everything just simple. 

Line chart weekly. 

- Consesus now we should move to 32-35 and drop

- What if we are trade in downtrend channel since 2021 And the top touch will be around 48K

- Than before halving we going to across 2 channels around May 2024. - 22K

- It will be 3rd touch of uptrend yearly channel since covid dump

- And the top for this channel will be around 129K - 2025/2026 

- Than drop to 40K #BinanceTournament #BTC #bitcoinprice

I don't count sheep, I check crypto prices before bed. 🐑

#bitcoin #BTC #bitcoinprice #crypto2023 #crypto

📊 It seems like $BTC whales have been withdrawing more from crypto exchanges than depositing.

These transactions accounted for only direct transfers from exchange wallets to #whale wallets 💰

Are they preparing for a price surge? 👀

#bitcoinprice #WhaleAlert #BitcoinPrice2024

🔍 Despite recent pullbacks from its ATH near $74,000, Bitcoin's corrections remain relatively mild, especially when compared to historical bull markets.

The previous #bullmarket cycle between 2019 and the end of 2021 saw two pullbacks of over 50%, with the COVID-19 drop at 61.4%.

#bitcoinprice #BitcoinCorrection #BitcoinPrice2024 #TrendingTopic

Calling the #Bitcoin CEO to ask why price goes down rn

#bitcoinprice #bitcoinmemes #TrendingTopic

🔶 Daily update: #BTC [24-11📅]

✔️Retest of the 36 800 - 36 700$ almost done yesterday.
$BTC price is again trading around the major resistance zone.

📈Many test of the resistances, and #alts also pulled back on major supports.
📈It's a good sign for the bulls
📈H1 view is flipping bullish again.
We could see a big breakout toward 38 500$ soon.

❗️It's not impossible to see another dump around the top resistance
But look at how each dips are buying!

🎯Lower support: 37 300 - 37 000 - 36 750$

📈 #altcoins could move upward for many days again in case of $BTC breakout.

🎯Level by level.
Adapt your trading strategy regarding the #bitcoinprice & Altcoins breakout. (up or down).

#crypto

📊 $BTC broke the 36k level for the first time since May 2022, right after the $LUNA crash!

This comes as the market awaits a decision on the #BitcoinETF matter 👀

Do you think this is the start of the #BullRun2024 🤔

#bitcoinprice #BTCMove #LUNACLASSIC

Bitcoin Price Signals Potential Adjustment, Can BTC Overcome the Challenge?

Bitcoin price started an upside correction from the $26,550 zone. BTC is rising and facing a strong resistance near the $27,300 and $27,500 levels.

Bitcoin managed to recover above the $27,000 resistance zone.
The price is trading above $27,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is showing signs of a recovery, but it could struggle near $27,300 and $27,500.

The next key resistance could be near $27,500 or the 61.8% Fib retracement level of the downward move from the $28,285 swing high to the $26,550 low. A clear move above the $27,500 and $27,650 resistance levels could set the pace for a larger increase.

Another Decline In BTC?

If Bitcoin fails to recover higher above the $27,500 resistance, there could be a fresh decline. Immediate support on the downside is near the $27,000 level and the trend line zone.
The next major support is near the $26,900 level and the 100 hourly Simple moving average. A downside break and close below the $26,900 support might send the price further lower. The next support sits at $26,550.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $27,000, followed by $26,900.

Major Resistance Levels – $27,300, $27,500, and $27,650.

#bitcoin #BitcoinWorld #btcusdt #btcusd #bitcoinprice