This “Make or Break” Level Must Be Defended or Bitcoin Could See a Nasty Selloff

2020-3-22 20:30

Bitcoin has found some stability within the lower-$6,000 region over the past couple of days, with its recent rally to highs of $6,900 resulting in a relatively strong rejection that has called into question the strength of its recent uptrend. Although BTC has been able to climb significantly from its recent lows within the $3,000 region, it is important to note that many analysts are now noting that the benchmark cryptocurrency appears to be in a precarious position. One top trader is now noting that Bitcoin is trading just above a make or break level that could determine its fate in the weeks and months ahead. Bitcoin Struggles to Gain Momentum as Analysts Eye Significant Downside  At the time of writing, Bitcoin is trading down just under 6% at its current price of $6,190, which marks a notable decline from daily highs of $6,900 that were set at the peak of the cryptocurrency’s recent rally. In the time following this rejection, Bitcoin has entered what appears to be another consolidation phase around its current price levels, as it has struggled to garner any momentum in either direction. George, a prominent cryptocurrency analyst on Twitter, explained in a recent tweet that he believes BTC is positioned to see significant near-term downside, offering a chart showing a target within the $4,000 region. “BTC: I trailed stops to $6502 and added on full risk. MS broken, broke below key levels, think we dump more soon. Let’s see,” he noted. $BTC I trailed stops to $6502 and added on full risk. MS broken, broke below key levels, think we dump more soon. Let's see. pic.twitter.com/hDSTKRgkJF — George (@George1Trader) March 21, 2020 BTC Hovering Just Above a “Make or Break” Level  TraderXO – a prominent cryptocurrency analyst on Twitter – explained in a recent tweet he believes the $5,700 to $5,800 region is a critical area for Bitcoin bulls to defend, although he believes that its market structure is still firmly bearish. “BTC – weekend charts. 57-58 is the make or break level I will be looking out for over the next several days. Various charts shared below. Bias = Bounces are for shorting until proven otherwise,” he explained. $BTC – weekend charts 57-58 is the make or break level I will be looking out for over the next several days. Various charts shared below Bias = Bounces are for shorting until proven otherwise. pic.twitter.com/JDfghdak5f — TraderXO (@TraderX0X0) March 21, 2020 If bulls are unable to defend this level in the days and weeks ahead, it is possible that a break below it will catalyze an intense selloff that leads it to reel significantly lower. Featured image from Shutterstock.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65945.48 (-0.08%)
Объем 24H $41.633b
Изменеия 24h: 6.69 %, 7d: 6.82 %
Cегодня L: $65855.37 - H: $66316.72
Капитализация $1299.052b Rank 1
Цена в час новости $ 6294.89 (947.6%)

bitcoin recent 900 highs rally days resulting

Источник: newsbtc.com

bitcoin recent → Результатов: 126


Bitcoin: A ‘Decades-Long’ Investment, CEO Says, Despite Recent Downturn

Amidst the recent turbulence in the cryptocurrency markets, Bitcoin has once again proven its resilience, with industry experts advocating for a steadfast approach to weathering the storm. Related Reading: XRP Scores Regulatory Win: European Governance Institute Endorses Non-Security Status Bitcoin’s Rocky Ride Over the past 24 hours, Bitcoin has experienced a notable correction, shedding over […]

2024-3-17 15:50


Фото:

Should you invest in Meme Mogul after Michael Saylor’s recent remarks?

U.S. companies could soon start using Bitcoin as a “legitimate treasury reserve asset”, says Michael Saylor. He’s the Executive Chairman of MicroStrategy Inc. Bitcoin adoption to improve moving forward Bitcoin has been breaking to the upside in recent weeks on the back of optimism that the Securities & Exchange Commission will soon approve a Spot […]

2023-12-22 17:35


Фото:

Bitcoin Could See an Accelerated Decline to $9,500 if It Breaks One Key Level

Bitcoin’s price has been largely stagnant over the past couple of days, with its recent uptrend stopping short of leading the cryptocurrency up to highs of $11,000 BTC has been able to maintain the bulk of its recent gains despite the selloff seen yesterday afternoon This selloff caused it to wick as low as $10,500 on some exchanges, but the decline was fleeting and followed by a strong rebound Although Bitcoin has been consolidating ever […]

2020-9-30 21:00


Фото:

Report Finds Public Trust of Bitcoin Will Soon Outweigh that of Big Banks

Bitcoin’s status as a “safe haven asset” has grown in recent times due to its performance against a backdrop of global uncertainty This narrative has also been bolstered by the massive amounts of money printing and inflation seen throughout the globe The recent halving event shined a spotlight on Bitcoin’s deflationary structure and fixed supply All these factors appear to have built up the public’s trust in the benchmark cryptocurrency New data shows that the […]

2020-6-25 02:00


Bitcoin Still ‘Wildly Bullish’ Despite Sharp Recent Retreat, Experts Say

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that […] The post Bitcoin Still ‘Wildly Bullish’ Despite Sharp Recent Retreat, Experts Say appeared first on CCN Markets

2019-7-16 09:32


Bitcoin Cash flies high after Bitcoin’s network gets congested due to recent rally

Bitcoin Cash’s major proponent, Roger Ver, spoke about recent developments and adoption drives in the crypto-ecosystem, in a recent interview with Robert Beadles. Ver spoke about BitPay, which has been going head first into crypto-adoptions after enabling cryptocurrency payments in a myriad of sections, including, jewelry, entertainment, gaming, fashion, charities etc.

2019-7-2 21:30


Bitcoin [BTC] enthusiasts discuss recent price surge, state of crypto-ecosystem

During Consensus 2019, CNBC Crypto Trader, Ran NeuNer interacted with notable names in the crypto-world and spoke about Bitcoin’s recent movements and the ecosystem. McCormack, the host of ‘What Bitcoin Did’ podcast, pointed out a number of reasons for the recent price rally and said: “…More buyers, more sellers is the old argument…  considering timing […] The post Bitcoin [BTC] enthusiasts discuss recent price surge, state of crypto-ecosystem appeared first on AMBCrypto.

2019-5-19 19:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Deutsche Bank joins Singapore’s Project Guardian

Deutsche Bank, a leading German multinational investment bank, has announced its latest move in the crypto and blockchain space. As well as MAS, the collaboration also includes Web3 interoperability platform Axelar Network and Memento Blockchain.

Crypto investment products see first inflows in over a month

Digital assets investment products saw $130 million in inflows, the first after four weeks of outflows. Bitcoin remains above $62k and saw inflows of $144 million this past week. As Bitcoin shows fresh resilience above $62,000, latest market data reveals that digital asset investment products recorded inflows for the first time in over a month […] The post Crypto investment products see first inflows in over a month appeared first on CoinJournal.

Franklin Templeton says “Base Season” is here

Franklin Templeton is bullish on Base and Friend. tech is soaring. Meme coins and Social Finance (SocialFi) applications are driving growth for the Ethereum L2 network. Franklin Templeton, a $1.

Toncoin investors get opportunity with Notcoin: Is Bitbot next?

Toncoin price surged by more than 13% amid news around new project Notcoin (NOT). Binance and OKX among exchanges to list NOT token. Bitbot could be the game-changer for Telegram crypto traders As Toncoin (TON) gains ahead of the upcoming Notcoin (NOT) trading debut, investors keen on the Telegram ecosystem have their eyes on Bitbot […] The post Toncoin investors get opportunity with Notcoin: Is Bitbot next? appeared first on CoinJournal.

Analyst Sticks To Guns: Bitcoin Still Headed For $150,000

Tom Lee, co-founder of research firm Fundstrat, has ignited fresh bullish sentiment in the cryptocurrency world with his prediction of a Bitcoin price surge to $150,000 by the year’s end. Lee, a prominent Bitcoin advocate, remains confident despite a recent price dip and ongoing inflation concerns.