Bitcoin Holds Steady, Defying Market Volatility
Main Idea
Bitcoin's price experienced a correction but analysts believe the long-term uptrend remains intact, with key support levels identified and potential for recovery.
Key Points
1. Bitcoin's price fell below $115,000, entering a correction phase, with a nearly 10% decline from its recent peak.
2. Analyst Master Ananda identified key support levels at $110,000, $106,000 (Fibonacci 0.382 level), and $102,000 (Fibonacci 0.5 level).
3. Ali Martinez noted that a cluster of 111,000 BTC at $107,160 could alleviate seller pressure.
4. Analysts agree the long-term uptrend remains if the weekly closure does not dip below $100,000, with historical pullbacks often leading to new peaks.
5. The resistance level at $117,400 is seen as a key threshold for Bitcoin's potential upswing.
Description
Bitcoin's price dipped below $115,000, entering a correction phase. Critical support levels are crucial for maintaining the bullish trend. Continue Reading: Bitcoin Holds Steady, Defying Market Volatility The post Bitcoin Holds Steady, Defying Market Volatility appeared first on COINTURK NEWS .
Latest News
- Charles Hoskinson Refuses Exchange Listing Fees for Cardano Projects2025-08-03 20:45:31
- Elon Musk Raises Concerns About Bitcoin’s Quantum Computing Challenge2025-08-03 19:55:35
- The App Shaking Up the Crypto World: You’ll Be Surprised When You Find Out Why!2025-08-03 19:24:16
- Bitcoin Investor Faces Harrowing Abduction in New York2025-08-03 18:54:20
- Fed’s Steady Approach Calms Markets and Maintains Economic Stability2025-08-03 17:33:59