Bitcoin consolidates above key support: is a breakout imminent?

2025-6-6 16:11

Bitcoin has spent the majority of the week trading within a tight consolidation range. But unlike previous consolidations, this one carries a bullish undertone. With price action holding above major support levels and forming potential structural shifts, traders are on… origin »

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01