Bitcoin Price Rebounds, But Weak Momentum Caps Further Gains

Bitcoin price started a recovery wave above $67,000. BTC is now consolidating below $68,500 and might struggle to continue higher. Bitcoin started a recovery wave above $67,000 and $67,500. The price is trading above $67,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $67,350…

Bitcoin Price Stalls Under $68,800, Resistance Caps Upside Again

Bitcoin price failed to stay above $68,800 and declined further. BTC is now consolidating below $68,000 and might continue to move down. Bitcoin started a fresh decline from well above the $70,500 zone. The price is trading below $68,800 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance…

Bitcoin Price Sinks Deeper, Is a Larger Breakdown Now Unfolding?

Bitcoin price started a sharp decline from well above $72,000. BTC is now consolidating and might extend losses unless there is a close above $70,000. Bitcoin started a sharp decline below $71,200 and $70,500. The price is trading below $70,500 and the 100 hourly simple moving average. There is a bearish trend line forming with…

Bitcoin Price Climbs Again — Bulls Aim for New Monthly High

Bitcoin price started a steady increase above the $72,000 zone. BTC is now consolidating and might aim for more gains if it clears $73,000. Bitcoin started a decent upward move above the $72,000 zone. The price is trading above $71,200 and the 100 hourly simple moving average. There is a bullish trend line forming with…

Bitcoin Price Sinks Below $68K, Downside Targets Come Into Focus

Bitcoin price started a fresh decline below $68,500 and $68,000. BTC is now consolidating and might struggle to start a recovery wave above $68,500. Bitcoin started a fresh decline after it settled above the $69,500 zone. The price is trading below $68,000 and the 100 hourly simple moving average. There was a break below a…

Bitcoin Price Trapped Below $70K, Market Awaits Breakout Catalyst

Bitcoin price started a decent increase above $66,000. BTC is now consolidating above $66,000 and might aim for more gains above $67,200. Bitcoin started a fresh increase after it settled above the $65,500 support. The price is trading below $67,000 and the 100 hourly simple moving average. There is a bearish trend line forming with…

Bitcoin Price Faces Another Rejection As Upside Momentum Fades

Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term. Bitcoin is slowly moving lower below $69,500 and $69,200. The price is trading near $68,400 and the 100 hourly simple moving average. There was a break below a bullish trend…

Bitcoin Price Breakdown Risk Grows As Bears Aim For $85K

Bitcoin price extended losses and traded below $88,500. BTC is consolidating losses and might attempt a recovery wave if it clears $88,500. Bitcoin started a minor recovery wave from the $86,000 level. The price is trading below $88,200 and the 100 hourly Simple moving average. There is a new bearish trend line forming with resistance…

Bitcoin Price Sharp Pullback Raises One Question: Will $92K Hold?

Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000. Bitcoin started a sharp decline below $95,000 and $94,000. The price is trading below $93,500 and the 100 hourly Simple moving average. There was a break below a declining channel with…

Bitcoin Price Holds Support After Pullback—What Comes Next?

Bitcoin price started a downside correction below $92,500. BTC is now struggling and might face barriers for a fresh increase near $92,000. Bitcoin started a downside correction and traded below the $91,200 zone. The price is trading below $91,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance…