Bitcoin Tests Bear-Market Trend but $80,000 Resistance Still In Place
7 Articles
7 Articles
The Bitcoin cryptocurrency rose today almost 3% and came close to 80,000 dollars (68,509 euros), accumulating a valuation of 22.9% since Wednesday.
Bitcoin extended its strong rally this Monday and reached a maximum intraday close to $79,800, staying at the gates of the $80,000 psychological barrier. The advance comes after a week in which BTC won more than 24%, driven by tickets to the ETF spot, the expansion of US Treasury bond buybacks and a strong settlement of short positions, although some analysts warn that the market might need a pause before trying new peaks. *** Bitcoin is traded …
CoinStats - Bitcoin faces $80,000 resistance as analysts ...
🚨 Bitcoin faces strong resistance at $80,000 as bulls eye further gains in $BTC. 📉 Analysts expect a short-term dip toward $73,000 before any breakout attempt. 🔄 Traders are watching if $BTC can hold key support and challenge $82,700 soon. 📊 Bitcoin's recent recovery brings renewed focus to volatility and price ranges. Continue Reading:Bitcoin faces $80,000 resistance as analysts watch $73,000 for support The post Bitcoin faces $80,000 resis…
Bitcoin’s Bear Market May Be Over After a 20% Rally: But What Comes Next? (Analyst)
Bitcoin had a huge week, finally. The crypto asset jumped by 25% and neared $80,000 as the rally gathered serious momentum. One analyst now believes that the bear market has ended and BTC has entered a “Soft Bull Market,” following its recent breakout above several important resistance levels. Bears Get Squeezed Doctor Profit identified $71,000 as extremely strong support and $78,500 as the next major resistance, while explaining that everything…
Bitcoin's $80,000 Push Is a Macro Trade, Not a Crypto Revival - CryptoGazette
Bitcoin's 23% weekly surge toward $80,000 was driven by macro fears over US fiscal strain and bond yields, not crypto fundamentals. Here is what the data show The post Bitcoin’s $80,000 Push Is a Macro Trade, Not a Crypto Revival appeared first on CryptoGazette.
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