Bitcoin pushed higher overnight as bulls attempted to firmly surmount the $9,000 region, although the crypto faced yet another rejection at these price levels
One fund manager is now noting that BTC’s current price region seems like a logical place for its uptrend to stall
This comes as a respected trader notes that the crypto has reached a pivotal price level that could determine its fate in the weeks and even months to come
Bitcoin bulls once again made a fervent bid to propel the cryptocurrency past $9,000, although this was met with some serious selling pressure that led BTC to decline slightly.
The benchmark crypto is now consolidating just below this resistance level, and analysts are largely noting that it may see some prolonged sideways trading or even a slight decline before it garners enough strength to push higher.
Its price action in the time following yesterday’s swift rejection at $9,500 has been a positive sign, as it shows that this uptrend is being driven by an undercurrent of strength.
Fund Manager: Bitcoin Uptrend Likely to Slow Around $9,000 as Heavy Resistance Mounts
The intense uptrend that led Bitcoin to climb from lows of $3,800 to highs of $9,500 yesterday may begin to slow down, as the crypto has reached a “logical” place for it to “take a breather.”
Mohit Sorout – a partner at Bitazu Capital and a popular analyst – mused this possibility in a tweet, while offering a chart showing that BTC is currently pushing against strong resistance with downside support at roughly $7,700.
“Logical place for BTC to take a breather here,” he explained.
Image Courtesy of Mohit Sorout
If this rally continued to hold strong and pushed the crypto to or past its recent highs of $9,500, this would mark a nearly full erasure of the losses incurred in the time since BTC began declining in late-February.
Naturally, this would be a highly bullish occurrence, and it does appear that the likelihood of this happening is growing greater as the scales tip firmly into the favor of buyers.
BTC Nears Pivotal Trend-Defining Level
Although Sorout believes Bitcoin’s uptrend may slow down around its current price level, other analysts think that a rejection here could prove to be dire.
One such trader spoke about this in a recent tweet, explaining that a firm break above Bitcoin’s March high at roughly $9,200 is what’s required in order for the crypto to continue its uptrend.
“I’d wait for a clean break above March high before longing this,” he said while pointing to the level outlined on the below chart.
Image Courtesy of George
The price action seen by Bitcoin in the coming several hours and days will likely prove to be critical for determining which way it will trend throughout May.
Featured image from Unplash. origin »
Bitcoin has wiped out recent gains with a 10% dump in the past 24 hours; the same as Ethereum price. This happens as the US began its tariffs program against Canada and Mexico, with the investor reaction to the trade war telling as risk assets plummeted.
Bitcoin’s price is going up, getting closer to the $90,000 mark and trading around $85,000 now. It started gaining steam after dropping to $78,000 over the past week, which has made people in the market more hopeful.
Bitcoin’s price dropped to $86,000 on Feb. 27 after struggling to maintain support at $88,000 for the past two days. The sudden price drop caused a swift and aggressive reaction across the market, with everyone from institutions to derivatives traders suffering losses.
Bitcoin is facing significant downward pressure with its price falling below $90,000 for the first time since November 2024, as whale addresses decline and technical indicators signal bearish momentum.
Bitcoin’s price remains in a consolidation phase, with technical indicators showing indecision. Traders watch key levels to gauge the next move.
The post Bitcoin (BTC) Price Consolidates Below $100,000 as Whales Await Clear Direction appeared first on BeInCrypto.
Bitcoin’s price remained in a tight range on Monday, continuing a trend that has persisted since November. Bitcoin (BTC) was trading at $96,500, where it has hovered for the past few days. The price is about 12% below its highest…
The crypto market has been experiencing significant volatility, with the Bitcoin price leading the charge. Over the past month, BTC has been trading sideways, recording declines that have pushed its value below the $100,000 mark.
The latest Consumer Price Index data is creating both opportunities and risks for Bitcoin investors. January 2025’s inflation figures have exceeded expectations, potentially setting the stage for significant Bitcoin price movements in either direction.
The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price.
The price of Bitcoin (BTC) suffered a significant loss on Friday as prices dipped below $102,000 marking the end of a rather turbulent trading week. As the global financial markets weathered major losses, Bitcoin made no new price discovery, casting more speculations over the bull market.
Bitcoin price prediction witnessed a sharp price drop following bearish expectations in the U.S. equities market.
The drop below the mid-range support could spur a deeper BTC correction to $92kThe post Bitcoin price prediction bearish ahead of Fed meeting - BTC dives 6% appeared first on AMBCrypto.
Although Bitcoin price action is still holding above the $100,000 price level, the past 24 hours have been highlighted by a 2. 5% decline. According to liquidation data from Coinglass, this decline has seen $65.
Bitcoin (BTC), the flagship crypto asset, presently trades above $104,000 following a significant 10. 98% price rally in the last week. Despite recent sideways movements after a rejection in the $105,700 zone, certain trading indicators signal this uptrend is likely to continue leading to new price discovery.
Bitcoin price resumed its bullish trend and neared its all-time high of $108,200 ahead of Donald Trump’s inauguration and after the encouraging U.S. inflation data.
The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.
Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […]
The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.
The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after crashing below $95,000.
The US Federal Reserve’s public consideration of reduced interest rate cuts in 2025 resulted in numerous negative effects on financial markets. Aside from a 17% price loss for Bitcoin, data from Binance exchange shows the BTC market has now developed its largest spot-perpetual price gap.
This week was one of two distinct halves for the price of Bitcoin, with the premier cryptocurrency rising to a new all-time high and dropping by about 13% a few days later. On Friday, December 20, the BTC price dropped to as low as $92,000.
The price of Bitcoin fell to around $92,000, Friday afternoon, December 20 after the US Federal Reserve’s rate cut triggered a sharp selloff in the crypto market. However, the premier cryptocurrency seems to be recovering nicely, having returned above the $97,000 level on the same day.
After crossing an all-time high, the bitcoin price continues to capture the market by consistently proving and solidifying its role as the leading cryptocurrency. However, with its recent price slowdown, top emerging altcoins like PropiChain are brazing up for the market.
Bitcoin‘s scarcity is growing remarkably in the market as small and large-scale investors continue to accumulate a substantial portion of the available coins, which could bolster BTC’s value in light of recent upside price momentum, signaling a potential extension of the uptrend.
The crypto market shed 6. 48% (roughly $240 billion) yesterday as Bitcoin’s fall from $101,000 to a daily low of $93,000 sparked $750 million in liquidations. Major cryptos have begun to recover, with some alts already logging double-digit price increases.
So far, the Bitcoin market continues to demonstrate resilience as it maintains its price above the $90,000 price market despite various factors influencing its price movements. Amid this, a CryptoQuant analyst, aytekin466, recently shared insights into whether the cryptocurrency could face another significant price correction.
The price of Bitcoin (BTC) has dipped by 1. 66% in the last day after failing to break past $102,000 on Friday. Currently, the crypto market leader seems to be in consolidation, with little indication of its next price movement.
Bitcoin has been navigating a whirlwind of volatility recently, with its price repeatedly breaking and losing the highly anticipated $100,000 level—not once, but twice. This rollercoaster movement has captivated investors, making Bitcoin’s price action more intriguing than ever.
Bitcoin price has performed well this week, crossing the important milestone of $100,000 and peaking at $104,000. Bitcoin (BTC) surge occured as data indicated continued investor appetite for the digital currency, even at a six-digit price. Notably, data from SoSoValue…
The Bitcoin price has continually tested resistance levels above $95,000 in its pursuit to reach and surpass the anticipated $100,000 all-time high. Following its surge to $98,000, a crypto analyst has asserted that the BTC price has officially entered the parabolic phase of this four-year market cycle.
Bitcoin‘s recent upward momentum appears to be losing steam as the digital asset has shifted toward bearish territory, sparking speculations about upcoming price corrections. However, considering several factors and trends, these much-anticipated price pullbacks for BTC might be short-lived.
Bitcoin price is consolidating below the $100,000 resistance. BTC bulls might soon attempt to breach the stated milestone and push the price further higher. Bitcoin started a fresh increase above the $96,500 zone.
Bitcoin’s surge lately has brought its price to a new high of $97,584, according to an analysis of price chart shared by Patric H. (@CryptelligenceX) and data from Santiment. Besides, this breakout marks a continuation of bullish momentum, aligning with a fractal pattern observed in Q1 2024.
Bitcoin Puell Multiple nears breakout, indicating a potential 90% price rally, based on mining profitability and historical trends.
The post Bitcoin’s Puell Multiple hints at a potential 90% price rally appeared first on Crypto Briefing.
Ripple CTO has addressed the stagnant XRP price action despite Bitcoin price hitting new ATH while this article also discusses ETFSwap’s (ETFS) potential.
Bitcoin Cash price rallied alongside Bitcoin (BTC) in recent weeks, rising from lows of $321 earlier this month to hit $488 across exchanges. The level is the highest for BCH price since early June, when the altcoin fell below $500.
Aptos, one of the fastest-growing layer 1 (L1) blockchains in the crypto space, has seen explosive growth over the past year. Its performance indicators show a sharp upward curve as more users come to the platform and make use of its services.
Arbitrum, one of the premier Layer 2 scaling solutions for Ethereum, has made significant strides in its mission to bring scalability, security, and low-cost transactions to decentralized applications.
MEXC is excited to announce the upcoming listing of Kinto (K) on March 31, 2025. MEXC is launching exclusive events with a combined prize pool of 12,800 K & 50,000 USDT in bonuses. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings.
Simple App is crypto that fits into your daily routine. It’s a regulated wallet in the EU and other regions. The app’s mission is to make crypto simple, accessible, and truly understandable for everyone.
MEXC is excited to announce the launch of the Rising Star Event, featuring the platform’s new DEX+ feature. The Rising Star helps identify market-worthy projects in an early stage, providing them with a platform to gain increased exposure and liquidity.
MEXC, a leading global cryptocurrency exchange, is pleased to announce the Walrus (WAL) listing on March 27, 2025(UTC). To celebrate this significant addition to the exchange, MEXC is launching two special events with a combined prize pool of 120,000 WAL and 70,000 USDT for participants.
Movement Foundation has terminated its partnership with a market maker over breach of agreement. The unnamed market maker sold 66 million MOVE shortly after Movement’s token generation event in December.
