Bitcoin bulls could be at risk of a trap if a Bitcoin ETF is approved, as it may lead to sellers unloading their positions and causing a potential price drop to $32,000 to $35,000, according to crypto analyst DonAlt.
Bitcoin (BTC) falls below $26,000 as bearish sentiment persists and a lack of bullish catalysts hinders market rally.
Bitcoin (BTC) continues to experience losses as the "Grayscale hype" disappears and selling pressure remains strong, with predictions of further downside to around $23,000 and a potential relief rally topping out at $27,200, while U.S. dollar strength adds to the pressure on BTC price.
Bitcoin faced resistance at the 20-day EMA, indicating that bears are guarding this level, but the failure of bears to challenge the $24,800 support suggests selling pressure may be weakening, with a potential recovery towards $28,143 if the 20-day EMA is surpassed; meanwhile, Ethereum is at risk of a breakdown below $1,626, Cardano shows indecision between bulls and bears, and Dogecoin remains range-bound between the 20-day EMA and $0.06.
Bitcoin (BTC) attempted to hold $26,000 as bulls sought to regain control, with resistance levels and upcoming bearish events posing potential challenges.
Bitcoin's recent 5% increase after testing the $25,000 support level doesn't necessarily indicate a victory for bulls, as Bitcoin has struggled to gain momentum despite significant catalysts, while bears have their own advantages like ongoing legal cases and financial troubles for Digital Currency Group. Derivatives metrics show a lack of demand for leveraged long positions, but options markets indicate equal odds for both bullish and bearish price movements.
Crypto strategist Benjamin Cowen predicts that Bitcoin will experience a short-term rise to test its bull market support band before resuming its downward trend, potentially falling below $20,000, although he believes it could eventually break through the band and enter a sustained bull market.
Bitcoin failed to break through local resistance and may be forming a bearish head-and-shoulders pattern, with analysts suggesting a potential drop to the $22,000-$20,000 range; meanwhile, the surge of the US dollar could pose a further challenge to Bitcoin and other cryptocurrencies.
Bitcoin's weakness suggests that bears are still in control, but bulls are likely to defend the $26,000 level and aim for a positive monthly close, while macroeconomic factors and the strength of the US dollar pose risks to the cryptocurrency recovery.
Bitcoin price surged above $26,800 as bulls targeted $27,000, with analysts predicting a potential rally to $30,000 in October.
The prices of Bitcoin and Ethereum surged in a 15-minute window, leading to bullish predictions for the rest of October, with over $70 million in crypto shorts being liquidated as a result.
Bitcoin (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Bitcoin is facing resistance at the $28,000 level but is rebounding after strong U.S. employment data and is decoupling from long-duration bonds and equities, solidifying its "digital gold" narrative.
Bitcoin may experience a significant rally to $42,000 if it breaks through the resistance level at $28,000, as suggested by top trader DonAlt, who remains bullish on BTC despite bearish sentiment.
Bitcoin (BTC) faces resistance at $28,000 as geopolitical uncertainty influences traders, with analysts suggesting a potential move towards $30,000.
Bitcoin (BTC) faces resistance at $28,000 as geopolitical uncertainty affects traders, but analysts predict a potential breakout and a move towards $30,000.
Bitcoin's price may experience a significant drop to $19,000 before entering a full bull market next year, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom; the trader also suggests that the smart contract platform Avalanche's altcoin bounce is over after failing to break resistance at $11.
Bitcoin and other cryptocurrencies are experiencing resistance at certain price levels, and analysts are closely monitoring these technical levels following Bitcoin's recent breakout from a period of stagnant trading.
