|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Nears Critical Level That Could Indicate a Lower High in the Current Declining Trend
Sep 20, 2024 at 05:33 pm
Now trading close to $63,000 Bitcoin is getting close to a critical level that could indicate a lower high in the current declining trend.
Bitcoin is currently trading at around $63,000, which is nearing a critical level that could indicate a lower high in the current downtrend. If Bitcoin fails to break through this key resistance, it could be setting up for a lower high, which is often seen as an early warning sign of a possible price reversal, indicating that a larger drop may be coming.
Despite the recent rally, the trend is still showing signs of weakness. Bitcoin is facing several technical hurdles, with the $64,000 level acting as a key barrier. If Bitcoin manages to break above $64,000, it could invalidate the bearish trend and open up further upside potential.
However, the death cross that recently occurred on Bitcoin is making the chances of a strong upside rally very slim for the world’s leading cryptocurrency. This bearish signal is still active and indicating further downside, to put it simply. Bitcoin needs to break the downtrend by rising above $64,000 and setting a higher high to negate the death cross and the bearish momentum.
On a technical note, rising trading volume is boding well for Bitcoin's near-term momentum. But readings on the RSI are showing that the asset might be nearing overbought territory, suggesting a pullback could be on the cards if buyers fail to absorb any further gains in the asset.
Overall, this is a make-or-break level for Bitcoin. A failure to break above $64,000 could be confirming a lower high, indicating more downside risk. On the other hand, a breakout above this level could quickly shift market sentiment and give the bulls a chance to regain control.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Token Unlocks: What You Need to Know
- Sep 20, 2024 at 08:40 pm
- Token unlocks are reoccurring events in the crypto sector. It’s almost impossible to prevent them. In general, token unlocks are part of each crypto
-
- Kabosu Won Our Hearts And Started The Atsuko Sato Meta
- Sep 20, 2024 at 08:35 pm
- Many in the Doge community mourned Kabosu death and paid tribute through memes and heartfelt messages. The Kabosu blog collects touching moments of Kabosu’s life.
-
- Satoshi Era Bitcoin (BTC) Miner Wallets Dormant for 15.5 Years Start Transferring BTC
- Sep 20, 2024 at 08:35 pm
- These Bitcoin miner wallets received 50 BTC per block as mining rewards in 2009, according to Lookonchain, an on-chain tracking firm.
-
- Claiming Titans: Dominate the $SFM Airdrop Scene
- Sep 20, 2024 at 08:30 pm
- Airdrop Mavericks: Blaze Your SAFEMOON Claiming Trail ARB Buff Follow -- Listen Share Step-by-Step Guide to Claiming $SFM Token Airdrops
-
- $SEI Airdrop Frenzy — Act Fast!
- Sep 20, 2024 at 08:30 pm
- $SEI Airdrop claiming — Full guide
-
- Jupiter Token (JUP) Surges Nearly 13% in 24 Hours to Reach $0.8864, Making Headlines
- Sep 20, 2024 at 08:30 pm
- The jump in JUP price followed Jupiter exchange's recent acquisition announcement. At the Solana Breakpoint event on Friday, co-founder Siong Ong revealed that Jupiter has acquired the blockchain explorer SolanaFM.
-
- 1inch crypto introduces Fusion+, a major upgrade to its ecosystem
- Sep 20, 2024 at 08:30 pm
- 1inch token has introduced a major upgrade to its ecosystem: Fusion+. It carries forward the legacy of its predecessors, with improvements in terms of
-
- Malone Lam and Jeandiel Serrano Arrested for Laundering $230M in Stolen Bitcoin
- Sep 20, 2024 at 08:30 pm
- The Federal Bureau of Investigation (FBI) has arrested two people suspected of stealing and laundering over $230 million in Bitcoin (BTC)
-
- Super Trump Coin (STRUMP) Rallies 18.99% Weekly, Courtesy of Donald Trump-Related News and Market Sentiment
- Sep 20, 2024 at 08:30 pm
- Super Trump Coin (STRUMP) has traded in a consolidation range between $0.007431 and $0.004837 for several weeks.