Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance

July 1, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward trend starting from approximately $60,620, peaking at $63,724, followed by a slight decline. […]

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Bitcoin price sees oversold bounce to $62K but will it hold?

June 25, 2024 Coin Telegraph

Bitcoin Price

Bitcoin price snaps back above $62,000, but technical traders are unsure whether the BTC downtrend is over.

Bitcoin (BTC) price hit a six-week low on June 24 before buyers stepped in to send the price back above $62,000 less than 24 hours later.

Analyzing the current market structure, popular trader Jelle acknowledged that some buyer interest was returning at the lows, as the $60,000 zone acted as support.

“If #Bitcoin can lock in a lower-timeframe higher low today, I think we run it back to $63,500 before the week is out,” the analyst wrote in a June 25 post on x.

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Bitcoin Technical Analysis: Mt Gox Payment News Rattles Markets

June 24, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours. BTC’s market cap is $1.21 trillion, with a trading volume of $19.12 billion, reflecting significant market activity despite the decline. The decline on Monday aligned with recent news […]

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Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure

June 21, 2024 Bitcoin.com

bearish trend

Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates […]

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Bitcoin Technical Analysis: Bearish Sentiment Tightens Grip as BTC’s Downtrend Continues

June 19, 2024 Bitcoin.com

Bitcoin

As of June 19, 2024, bitcoin’s price is $65,283, fluctuating within an intraday range of $64,149 to $65,633. On Wednesday, the leading cryptocurrency saw a trade volume of around $31.28 billion, with a market capitalization of $1.28 trillion. Bitcoin Bitcoin’s oscillators reflect mixed sentiment. The relative strength index (RSI) is at 41, suggesting neutrality. Similarly, […]

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Bitcoin Technical Analysis: BTC Endures Persistent Downward Trend Amid High Volatility

June 17, 2024 Bitcoin.com

Bitcoin

As of June 17, 2024, Bitcoin is trading at $65,805, with a 24-hour intraday range between $65,518 and $66,992. The cryptocurrency market is displaying notable volatility, as evidenced by significant trading volume and fluctuating price levels. Bitcoin Bitcoin’s 1-hour chart reveals a clear downward trend following a recent peak, with key resistance and support levels […]

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Ethereum Technical Analysis: ETH Faces Tight Trading Range Under Resistance

June 10, 2024 Bitcoin.com

bitcoin.com

Ethereum (ETH) continues to showcase its volatility and potential for strategic trading. As of June 10, 2024, ethereum’s price stands at $3,677, reflecting a daily range of $3,654 to $3,714. Ethereum Ethereum’s 1-hour chart reveals short-term volatility, with ether’s price testing lower levels around $3,642 and struggling to maintain above $3,700. Key support is identified […]

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Bitcoin Technical Analysis: BTC Holds Steady Amidst Consolidation Phase

June 10, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price stands at $69,352, within a 24-hour intraday range of $69,213 to $69,840. The leading crypto asset’s market capitalization is $1.36 trillion, with a 24-hour trade volume of $14.83 billion. Bitcoin The hourly chart for bitcoin (BTC) indicates a phase of consolidation with minor fluctuations. The price hit a high of $69,840 before retracting […]

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Bitcoin price hits $70K as spot and BTC ETF buying surges

May 20, 2024 Coin Telegraph

Bitcoin price hits K as spot and BTC ETF buying surges

bitcoin etf

Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end.

Bitcoin (BTC) price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak.

Analyst “ELI5 of TLDR” suggested that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in inflows last week, a figure not seen since March.

Should this trend continue, BTC could potentially exceed expectations. Currently, BTC is trading within a few hundred dollars of $70,000, with the 20-day EMA at $64,371 and a positive RSI indicating that an upward breakout is more likely. Overcoming the $68,000 resistance suggests that BTC price is on the path to $73,777, though this level may trigger a strong bearish response.

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BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up

May 9, 2024 Bitcoin.com

BTC Price Down 2%, Triggering Liquidation of Over M in Bitcoin Longs in Derivatives Shake-Up

$60K

On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges on Thursday, with its […]

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