Market Jitters: Bitcoin Dives, $80K Breakout in Jeopardy

Bitcoin price started a fresh decline below the $85,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $86,500 zone. The price is trading below $82,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming… Continue reading Market Jitters: Bitcoin Dives, $80K Breakout in Jeopardy

Bitcoin Price Takes a Hit—Is This Just the Beginning?

Bitcoin price started a fresh decline below the $90,000 support. BTC must stay above the $86,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $95,500 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a short-term triangle forming with resistance… Continue reading Bitcoin Price Takes a Hit—Is This Just the Beginning?

Bitcoin Price Breakout Dreams Crushed Again—What’s Next?

Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone. Bitcoin started a fresh decline from the $99,500 zone. The price is trading below $97,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with… Continue reading Bitcoin Price Breakout Dreams Crushed Again—What’s Next?

Bitcoin Price Recovers Strongly—Is a New Rally Beginning?

Bitcoin price started a recovery wave above the $96,500 zone. BTC is rising and might aim for a move above the $98,800 resistance zone. Bitcoin started a decent recovery wave above the $96,500 zone. The price is trading above $97,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming… Continue reading Bitcoin Price Recovers Strongly—Is a New Rally Beginning?

Bitcoin Price Falls Short Again—Is a Deeper Decline Coming?

Bitcoin price is struggling to clear the $100,000 resistance zone. BTC is again moving lower and might decline toward the $95,000 support. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with… Continue reading Bitcoin Price Falls Short Again—Is a Deeper Decline Coming?

Bitcoin Price Faces Strong Resistance—Will Bulls Hold Their Ground?

Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a decent increase in the near term. Bitcoin started a fresh increase from the $95,200 zone. The price is trading near $96,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming… Continue reading Bitcoin Price Faces Strong Resistance—Will Bulls Hold Their Ground?

Bitcoin Price Stuck Below $100K: Will Momentum Pick Up?

Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might extend losses if it stays below the $100,000 level. Bitcoin started a fresh decline from the $98,500 resistance zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend… Continue reading Bitcoin Price Stuck Below $100K: Will Momentum Pick Up?

Bitcoin Price Gradually Slips: Can Bulls Hold Key Support?

Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might slip further unless there is a close above $98,800. Bitcoin started a fresh decline below the $98,000 level. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance… Continue reading Bitcoin Price Gradually Slips: Can Bulls Hold Key Support?

Bitcoin Price Pulls Back Again: Key Support Levels to Watch

Bitcoin price started another decline from the $102,500 zone. BTC is trimming gains and struggling to stay above the $96,500 support zone. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $99,500 and the 100 hourly Simple moving average. There is a new connecting bearish trend line forming with resistance… Continue reading Bitcoin Price Pulls Back Again: Key Support Levels to Watch

Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity?

Bitcoin price started a fresh declined below the $100,000 zone. BTC is down close to 10% and might test the $90,000 support zone. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $99,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance… Continue reading Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity?