Saturday, May 17, 2025
No Result
View All Result
Blockchain 24hrs
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
No Result
View All Result
Blockchain 24hrs
No Result
View All Result

Bitcoin Decline Continues: Are Bulls Losing Control?

Home Analysis
Share on FacebookShare on Twitter


Este artículo también está disponible en español.

Bitcoin worth prolonged losses and traded beneath the $100,000 zone. BTC is struggling and would possibly proceed to maneuver down towards the $92,000 assist zone.

Bitcoin began a contemporary decline from the $102,000 resistance zone.
The worth is buying and selling beneath $102,000 and the 100 hourly Easy shifting common.
There’s a key bearish pattern line forming with resistance at $98,500 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
The pair may begin a contemporary improve if it stays above the $95,500 assist zone.

Bitcoin Worth Dips Additional

Bitcoin worth failed to begin one other improve and prolonged losses beneath the $102,000 zone. BTC gained bearish momentum beneath the $100,000 and $98,000 ranges.

The worth even spiked beneath $96,500. A low was shaped at $95,586 and the worth is now consolidating losses. There’s additionally a key bearish pattern line forming with resistance at $98,500 on the hourly chart of the BTC/USD pair.

Bitcoin worth is now buying and selling beneath $102,000 and the 100 hourly Easy shifting common. On the upside, the worth may face resistance close to the $98,500 degree. It’s near the 23.6% Fib retracement degree of the downward transfer from the $108,295 swing excessive to the $95,586 low.

The primary key resistance is close to the $100,000 degree. A transparent transfer above the $100,000 resistance would possibly ship the worth greater. The subsequent key resistance might be $102,000. A detailed above the $102,000 resistance would possibly ship the worth additional greater.

Supply: BTCUSD on TradingView.com

Within the acknowledged case, the worth may rise and take a look at the $103,400 resistance degree or the 61.8% Fib retracement degree of the downward transfer from the $108,295 swing excessive to the $95,586 low. Any extra beneficial properties would possibly ship the worth towards the $105,000 degree.

Extra Downsides In BTC?

If Bitcoin fails to rise above the $98,500 resistance zone, it may proceed to maneuver down. Quick assist on the draw back is close to the $96,200 degree.

The primary main assist is close to the $95,500 degree. The subsequent assist is now close to the $93,200 zone. Any extra losses would possibly ship the worth towards the $92,000 assist within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now beneath the 50 degree.

Main Help Ranges – $95,500, adopted by $93,200.

Main Resistance Ranges – $98,500 and $100,000.



Source link

Tags: BitcoinBullsContinuesControlDeclineLosing
Previous Post

Tether’s Strategic Investment in StablR Aims to Boost European Stablecoin Market

Next Post

Stablecoin Provider StablR Strengthens Network with Strategic Investment from Tether

Related Posts

PI coin price prediction as it drops below  despite 0m Pi Network Ventures launch
Analysis

PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch

May 17, 2025
BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor
Analysis

BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor

May 16, 2025
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?
Analysis

BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?

May 16, 2025
XRP Price Sinks Lower, But Chart Whisperers See a Trap for The Bears
Analysis

XRP Price Sinks Lower, But Chart Whisperers See a Trap for The Bears

May 16, 2025
XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up
Analysis

XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up

May 15, 2025
Arthur Hayes sees Bitcoin at M by 2028: here’s why
Analysis

Arthur Hayes sees Bitcoin at $1M by 2028: here’s why

May 16, 2025
Next Post
Stablecoin Provider StablR Strengthens Network with Strategic Investment from Tether

Stablecoin Provider StablR Strengthens Network with Strategic Investment from Tether

FiNext Conference Dubai 2025: The Global FinTech Hub Returns for Its 7th Edition

FiNext Conference Dubai 2025: The Global FinTech Hub Returns for Its 7th Edition

Facebook Twitter Instagram Youtube RSS
Blockchain 24hrs

Blockchain 24hrs delivers the latest cryptocurrency and blockchain technology news, expert analysis, and market trends. Stay informed with round-the-clock updates and insights from the world of digital currencies.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Blockchain Justice
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Web3

SITEMAP

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$103,452.00-0.49%
  • ethereumEthereum(ETH)$2,487.73-4.05%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.37-2.19%
  • binancecoinBNB(BNB)$643.55-2.23%
  • solanaSolana(SOL)$167.82-3.00%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.217652-4.09%
  • cardanoCardano(ADA)$0.76-2.93%
  • tronTRON(TRX)$0.268952-2.88%
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.