Bitcoin (BTC) is currently testing significant support levels clustered between $110,000 and $119,000, indicating a potential attempt to form a market bottom. This price action occurs amidst concerns over weak buy-side commitment that could jeopardize sustainable bullish momentum. Analysts note… Read More »Bitcoin Tests Critical Support Range Amid Cautious Market Sentiment
Bitcoin is currently defending the crucial $113,500 support level, signaling potential for a rebound targeting the $116,000-$121,000 trading channel during the next upward cycle. Market structure analysis indicates this key price floor is strengthened by a combination of diagonal trendline… Read More »Bitcoin Maintains Critical $113.5K Support, Eyes Rebound Above $116K Amid Bullish Structure
Bitcoin has decisively broken below the crucial $117,000 support level, with technical analysts warning this breach potentially signals a downtrend toward the $112,000â$113,000 range amid heightened market volatility. The failure to hold above $117,000 indicates an increased likelihood of a… Read More »Bitcoin Breaches $117,000 Support, $112Kâ$113K Zone Emerges as Critical Accumulation Area
Bitcoin (BTC) encountered heightened selling pressure during midweek trading, with prices declining 0.75% over the past 24 hours. The market downturn has driven the cryptocurrency toward crucial technical support levels that could determine its near-term trajectory. Analysts identify the $117,421… Read More »Bitcoin Faces Critical $117,000 Support Test Amid Market Selling Pressure
Bitcoin faces intensified selling pressure as technical indicators point to potential downside movement. The cryptocurrency recently breached its 20-day moving average near $118,100, shifting focus toward crucial support levels amid expanding volatility as measured by Bollinger Bands. The immediate technical… Read More »Bitcoin Tests Key Support Levels as Bollinger Bands Signal Heightened Volatility
Bitcoin demonstrates notable price stability near the $117,000 threshold, buoyed by significant accumulation patterns identified through on-chain analysis. Current data reveals over 73,000 BTC were acquired within this price range, establishing a concrete support foundation. the support concentration between $117,259… Read More »Bitcoin Consolidates at $117,000 Backed by Strong Support Zone of 73,000 BTC Holdings
Technical analysts have pinpointed the $111,673 price level as a strategic Bitcoin accumulation zone, citing its historical transformation from a significant resistance barrier to a potential support area. This critical threshold offers investors a data-backed entry point based on BTC’s… Read More »Analysts Identify $111,673 as Key Bitcoin Buying Zone Amid Market Volatility
Bitcoin (BTC) is testing pivotal support levels near $114,000 amid heightened market fluctuations, with technical indicators signaling potential further losses down to $112,000. The cryptocurrency has declined approximately 3% over the last 24-hour period, brushing against a key technical support… Read More »Bitcoin Tests Critical $114,000 Support Amid Volatility, Risk of Decline to $112,000
Blockchain analytics firm Glassnode has issued an analysis identifying a significant low-density price accumulation zone for Bitcoin between $110,000 and $117,000. According to the report, this zone is characterized by relatively few existing holders having purchased their coins within this… Read More »Analysts Identify $110K-$117K as Potential Bitcoin Support Zone
A confluence of technical indicators suggests Bitcoin may be nearing a local price floor, driven by profit-taking patterns among short-term traders and a critical support level at $117,500. Recent exchange inflows predominantly originate from short-term holders (STHs), a group historically… Read More »Bitcoin Exchange Inflows and Strong Support at $117,500 Indicate Potential Local Bottom
Bitcoin’s price trajectory remains uncertain with potential for further declines, though analysts suggest a rebound could materialize if the cryptocurrency maintains support above the $102,000 to $103,000 range. Geopolitical tensions, including military escalations between Israel and Iran, continue to influence… Read More »Bitcoin Faces Downside Risks But Rebound Possible Above $102K Support, Analysts Say
Bitcoin and alternative cryptocurrencies (altcoins) are demonstrating resilience despite ongoing market uncertainty. Bitcoin recently tested the $103,000 support level before rebounding to near $106,000, indicating persistent buyer interest amid geopolitical tensions. Technical analysis suggests Bitcoin may enter a consolidation phase,… Read More »Cryptocurrency Market Shows Resilience Amid Uncertainty as Bitcoin Tests Key Supports
Bitcoin’s failure to sustain prices above the $106,000 resistance level signals speculative demand rather than robust bullish momentum, according to market analysis. The $100,437 threshold has now emerged as a critical support zone whose breach could trigger significant price movements.… Read More »Bitcoin Support Holds Critical at $100,437 Amid Failed Breakout, Ethereum Shows Speculative Weakness
Cryptocurrency analytics firm Glassnode has emphasized the importance of Bitcoin maintaining its support level around $97,600, labeling it as crucial for ongoing bullish momentum. A breach below this threshold, analysts warn, could trigger significant market volatility and potential downside risk… Read More »Glassnode Warns Bitcoin’s $97,600 Support is Critical Bullish Line