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$BTC
According to TradingView data, Bitcoin recently traded around $90,330, fighting for momentum after a sharp correction from its October record above $120,000.
Immediate resistance: around $92,500, a level traders say could open the door to $97,000 and even a retest of $100,000 if bulls regain control.
Key support: the $85,500–$86,000 area, flagged as the zone where buyers last stepped in aggressively.
CryptoNews notes that BTC is testing a descending trendline that has capped every rebound since early November, with price action clustering around a key Fibonacci retracement near $90,800 and momentum indicators still tilted bullish but not yet overheated.
At the same time, multiple price trackers show BTC fluctuating in the high‑$80,000 to low‑$90,000 range today, underlining just how fragile this support area is after November’s drawdown of more than 20% from October’s peak.
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According to TradingView data, Bitcoin recently traded around $90,330, fighting for momentum after a sharp correction from its October record above $120,000.
Immediate resistance: around $92,500, a level traders say could open the door to $97,000 and even a retest of $100,000 if bulls regain control.
Key support: the $85,500–$86,000 area, flagged as the zone where buyers last stepped in aggressively.
CryptoNews notes that BTC is testing a descending trendline that has capped every rebound since early November, with price action clustering around a key Fibonacci retracement near $90,800 and momentum indicators still tilted bullish but not yet overheated.
At the same time, multiple price trackers show BTC fluctuating in the high‑$80,000 to low‑$90,000 range today, underlining just how fragile this support area is after November’s drawdown of more than 20% from October’s peak.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
$BTC
Bitcoin slid below ~$86,000 on December 1, dropping about 5–6% in 24 hours as crypto markets resumed a steep multi‑week selloff. [3]A weekend “Sunday slam” cleared hundreds of millions in leveraged longs, with thin liquidity turning a sharp but ordinary dip into a cascade of liquidations. [4]A major DeFi exploit, weak ETF inflows and mounting macro worries—from higher-for-longer rates to tariff talk and tech-stock losses—have all piled onto sentiment. [5]Analysts say this downturn is structurally different from 2018 or 2022, with slower adoption, a heavy institutional footprint via ETFs and “Bitcoin treasury” companies, and thinner liquidity. [6]Key levels now in focus include ~$87,000 support and the psychologically important $80,000 zone. A decisive break, some warn, could open room toward the mid‑$70,000s, while a dovish Fed later this month could fuel a relief rally.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Team320
Bitcoin slid below ~$86,000 on December 1, dropping about 5–6% in 24 hours as crypto markets resumed a steep multi‑week selloff. [3]A weekend “Sunday slam” cleared hundreds of millions in leveraged longs, with thin liquidity turning a sharp but ordinary dip into a cascade of liquidations. [4]A major DeFi exploit, weak ETF inflows and mounting macro worries—from higher-for-longer rates to tariff talk and tech-stock losses—have all piled onto sentiment. [5]Analysts say this downturn is structurally different from 2018 or 2022, with slower adoption, a heavy institutional footprint via ETFs and “Bitcoin treasury” companies, and thinner liquidity. [6]Key levels now in focus include ~$87,000 support and the psychologically important $80,000 zone. A decisive break, some warn, could open room toward the mid‑$70,000s, while a dovish Fed later this month could fuel a relief rally.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Team320
$BTC
Bitcoin (BTC) was under pressure in October 2025, first soaring to a new all-time high near $126,000, then falling back below $100,000 amid BTC ETF outflows and market consolidation. Although there is some short-term selling, strong institutional demand for Bitcoin remains. Additionally, analysts interpret the setback as a refreshing moment amid a healthy cycle. Given the stability in on-chain activity and Bitcoin’s growing hedging role, the long-term trend is towards growth. They are of the view that BTC can reach $130,000–$140,000 by the end of 2025 if there is a comeback in ETF buying and macro conditions are favorable.
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Bitcoin (BTC) was under pressure in October 2025, first soaring to a new all-time high near $126,000, then falling back below $100,000 amid BTC ETF outflows and market consolidation. Although there is some short-term selling, strong institutional demand for Bitcoin remains. Additionally, analysts interpret the setback as a refreshing moment amid a healthy cycle. Given the stability in on-chain activity and Bitcoin’s growing hedging role, the long-term trend is towards growth. They are of the view that BTC can reach $130,000–$140,000 by the end of 2025 if there is a comeback in ETF buying and macro conditions are favorable.
#BTC320 #Trendingissue #Trendingcoin320 #Binance320 #mr320
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$BTC
🚨Bitcoin Holds Key Support Zone🚨
What reinforces the bullish bias is Bitcoin’s ability to stay well above its 200-day moving average, which now sits near $94,700. This level acts as critical long-term support. As long as BTC holds above it, the Bitcoin price prediction remains bullish.
Chain Mind also highlights a rise in Bitcoin dominance, which has hit a three-year high. Investors are rotating capital out of altcoins and back into Bitcoin, viewing it as a safer store of value amid broader market uncertainty.
Consider these signs of strength:
Bitcoin’s dominance is rising, while altcoins are losing ground.
Ethereum (ETH) is struggling to hold above $2,500.
Altcoins like SOL and ADA have broken key support levels.
Long-term holders continue to sit on their BTC instead of selling.
This points to sustained institutional interest. Firms like Metaplanet and Strategy have been buying large amounts of Bitcoin, while spot ETFs continue to see inflows, despite price volatility.
#BTC320 #Trendingcoin320 #Binance320 #Trendingissue #mr320
🚨Bitcoin Holds Key Support Zone🚨
What reinforces the bullish bias is Bitcoin’s ability to stay well above its 200-day moving average, which now sits near $94,700. This level acts as critical long-term support. As long as BTC holds above it, the Bitcoin price prediction remains bullish.
Chain Mind also highlights a rise in Bitcoin dominance, which has hit a three-year high. Investors are rotating capital out of altcoins and back into Bitcoin, viewing it as a safer store of value amid broader market uncertainty.
Consider these signs of strength:
Bitcoin’s dominance is rising, while altcoins are losing ground.
Ethereum (ETH) is struggling to hold above $2,500.
Altcoins like SOL and ADA have broken key support levels.
Long-term holders continue to sit on their BTC instead of selling.
This points to sustained institutional interest. Firms like Metaplanet and Strategy have been buying large amounts of Bitcoin, while spot ETFs continue to see inflows, despite price volatility.
#BTC320 #Trendingcoin320 #Binance320 #Trendingissue #mr320
$BTC
🚨Bitcoin Price Today Is Surging. Bullish Pin Bar on BTC Chart🚨
During Monday's session, Bitcoin’s price climbed more than 1% on major exchanges, setting intraday highs around $107,126. At the time of writing, the price is undergoing a slight correction, with Bitcoin trading near $106,600. Broadly speaking, the market remains within a consolidation range, with the lower boundary around $102,000 and the upper limit marked by May’s all-time high near $112,000. This range has held for over a month.
Based on my technical analysis, a key support level currently stands at $105,000. This level was actively tested throughout Friday, Saturday, and Sunday. On Friday, the price briefly dipped below $103,000 but ended the day slightly higher, forming a daily pin bar candle with a long lower wick and a narrow body, typically seen as a bullish signal that could suggest a renewed push toward the $112,000 resistance zone.
In the next section of the article, we examine the key drivers behind Monday’s upward move and explore the main reasons Bitcoin is gaining today.
#BTC320 #Trendingcoin320 #mr320 #Binance320 #Trendingissue
🚨Bitcoin Price Today Is Surging. Bullish Pin Bar on BTC Chart🚨
During Monday's session, Bitcoin’s price climbed more than 1% on major exchanges, setting intraday highs around $107,126. At the time of writing, the price is undergoing a slight correction, with Bitcoin trading near $106,600. Broadly speaking, the market remains within a consolidation range, with the lower boundary around $102,000 and the upper limit marked by May’s all-time high near $112,000. This range has held for over a month.
Based on my technical analysis, a key support level currently stands at $105,000. This level was actively tested throughout Friday, Saturday, and Sunday. On Friday, the price briefly dipped below $103,000 but ended the day slightly higher, forming a daily pin bar candle with a long lower wick and a narrow body, typically seen as a bullish signal that could suggest a renewed push toward the $112,000 resistance zone.
In the next section of the article, we examine the key drivers behind Monday’s upward move and explore the main reasons Bitcoin is gaining today.
#BTC320 #Trendingcoin320 #mr320 #Binance320 #Trendingissue
While the primary cryptocurrency reached a new all-time high of over $124,000 in mid-August, it has been in an evident decline ever since. As of this writing, it trades below $110,000, while its market capitalization has plunged beneath $2.2 billion.
September has historically been a predominantly bearish month for BTC, with some community members expecting an additional plunge in the short term.
Prominent figures, such as Cardano’s founder Charles Hoskinson, on the other hand, remain unfazed. In a recent interview, he predicted that the price of the asset could surge to $250,000 during this cycle, while its capitalization might explode to $10 trillion within the next five years.
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September has historically been a predominantly bearish month for BTC, with some community members expecting an additional plunge in the short term.
Prominent figures, such as Cardano’s founder Charles Hoskinson, on the other hand, remain unfazed. In a recent interview, he predicted that the price of the asset could surge to $250,000 during this cycle, while its capitalization might explode to $10 trillion within the next five years.
#BTC320 #Trendingcoin320 #mr320 #Binance320 #Trendingcoin320
$BTC
🚨Bitcoin Rally Pushed Nakamoto Ahead of Gates🚨
Nakamoto’s wallet, believed to hold 1.1 million BTC – around 5% of Bitcoin’s circulating supply – recently reached a massive $113.8 billion, according to blockchain analytics firm Arkham.
That briefly put him ahead of Bill Gates, whose fortune stood at $112.9 billion, based on Forbes’ Real-Time Billionaires list. It was enough to make Nakamoto the 12th richest person in the world, if only for a moment. The surge was driven by optimism around a potential U.S.–China trade deal, which helped push Bitcoin’s price higher.
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🚨Bitcoin Rally Pushed Nakamoto Ahead of Gates🚨
Nakamoto’s wallet, believed to hold 1.1 million BTC – around 5% of Bitcoin’s circulating supply – recently reached a massive $113.8 billion, according to blockchain analytics firm Arkham.
That briefly put him ahead of Bill Gates, whose fortune stood at $112.9 billion, based on Forbes’ Real-Time Billionaires list. It was enough to make Nakamoto the 12th richest person in the world, if only for a moment. The surge was driven by optimism around a potential U.S.–China trade deal, which helped push Bitcoin’s price higher.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
$BTC
🚨Bitcoin Price Analysis: Calm Before the Breakout Storm🚨
According to a post by analyst Michael van de Poppe, Bitcoin’s price structure indicates that a larger expansion could unfold if BTC price sustains above the $107,000 mark. The chart analysis shared by him shows that the $106.6k to $107k range remains the crucial area for momentum ignition.
He further mentions that if the liquidity build-up around $105.5k is broken, a sweep toward $103k is likely. Successively, the spot buy zones lie in the $103k level, with further safety nets below $100k.
That being said, psychological elements like geopolitical stability, particularly in the Middle East, could boost risk-on appetite and trigger a breakout momentum. If bulls clear $107k, an upside move toward $108k could be on the horizon, which could potentially open the gates to $110.5k.
#BTC320 #Trendingcoin320 #mr320 #Binance320 #Trendingissue
🚨Bitcoin Price Analysis: Calm Before the Breakout Storm🚨
According to a post by analyst Michael van de Poppe, Bitcoin’s price structure indicates that a larger expansion could unfold if BTC price sustains above the $107,000 mark. The chart analysis shared by him shows that the $106.6k to $107k range remains the crucial area for momentum ignition.
He further mentions that if the liquidity build-up around $105.5k is broken, a sweep toward $103k is likely. Successively, the spot buy zones lie in the $103k level, with further safety nets below $100k.
That being said, psychological elements like geopolitical stability, particularly in the Middle East, could boost risk-on appetite and trigger a breakout momentum. If bulls clear $107k, an upside move toward $108k could be on the horizon, which could potentially open the gates to $110.5k.
#BTC320 #Trendingcoin320 #mr320 #Binance320 #Trendingissue
🚨$500M Liquidation Triggers Fresh Price Lows🚨
The cryptocurrency market has endured a major flush-out over the past 24 hours, with total liquidations surging to $527.75 million. The move was heavily leaned toward long positions, which accounted for $468.75 million of the total, while shorts saw a far smaller $59 million in losses, according to data from CoinGlass.
Ethereum emerged as the biggest casualty, with a staggering $201 million in positions wiped out — $177 million of which were long bets. Bitcoin followed with $110 million in liquidations, dominated by $106 million in longs. Together, these two top cryptocurrencies made up nearly 60% of the market’s total liquidations.
The spike in liquidations comes amid continued market volatility, with Bitcoin hovering around $113,200 and Ethereum trading near $3,474. Both assets have posted weekly losses — down 4.14% for BTC and 6.9% for ETH, signaling strong selling pressure.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
The cryptocurrency market has endured a major flush-out over the past 24 hours, with total liquidations surging to $527.75 million. The move was heavily leaned toward long positions, which accounted for $468.75 million of the total, while shorts saw a far smaller $59 million in losses, according to data from CoinGlass.
Ethereum emerged as the biggest casualty, with a staggering $201 million in positions wiped out — $177 million of which were long bets. Bitcoin followed with $110 million in liquidations, dominated by $106 million in longs. Together, these two top cryptocurrencies made up nearly 60% of the market’s total liquidations.
The spike in liquidations comes amid continued market volatility, with Bitcoin hovering around $113,200 and Ethereum trading near $3,474. Both assets have posted weekly losses — down 4.14% for BTC and 6.9% for ETH, signaling strong selling pressure.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
$BTC
As of now, Bitcoin holds a market capitalization of $2.22T and a fully diluted market cap of $2.34T. Daily trading volume stands at $72.34B, with a volume-to-market-cap ratio of 0.0327, reflecting steady liquidity. The asset remains well below its all-time high of $124,517, trading on a circulating supply of 19.92M BTC (out of a max 21M).
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As of now, Bitcoin holds a market capitalization of $2.22T and a fully diluted market cap of $2.34T. Daily trading volume stands at $72.34B, with a volume-to-market-cap ratio of 0.0327, reflecting steady liquidity. The asset remains well below its all-time high of $124,517, trading on a circulating supply of 19.92M BTC (out of a max 21M).
#BTC320 #Trendingissue #mr320 #Binance320 #Trendingcoin320
$BTC
🚨BTC Technical Analysis Daily Chart🚨
Following its breakout above the previous all-time high at $109K and printing a new peak at $111K, Bitcoin met strong resistance that has sparked notable selling pressure. The failure to sustain momentum above this key psychological level has resulted in a bearish rejection, pushing the asset back below the $109K threshold.
This price action coincided with the sweep of buy-side liquidity resting above the previous swing high, allowing smart money to execute sell orders efficiently. As a result, the market has entered a corrective phase, now approaching the daily fair value gap (FVG) between $97K and $100K. This zone likely holds substantial demand, potentially acting as a support zone that could trigger a bullish reaction.
Should the price stabilize within this FVG, a rebound toward the $111K resistance becomes likely. Conversely, failure to hold this level could pave the way for further downside, with the next key support residing near the $95K region.
#BTC320 #Trendingissue #Trendingcoin320 #Binance320 #mr320
🚨BTC Technical Analysis Daily Chart🚨
Following its breakout above the previous all-time high at $109K and printing a new peak at $111K, Bitcoin met strong resistance that has sparked notable selling pressure. The failure to sustain momentum above this key psychological level has resulted in a bearish rejection, pushing the asset back below the $109K threshold.
This price action coincided with the sweep of buy-side liquidity resting above the previous swing high, allowing smart money to execute sell orders efficiently. As a result, the market has entered a corrective phase, now approaching the daily fair value gap (FVG) between $97K and $100K. This zone likely holds substantial demand, potentially acting as a support zone that could trigger a bullish reaction.
Should the price stabilize within this FVG, a rebound toward the $111K resistance becomes likely. Conversely, failure to hold this level could pave the way for further downside, with the next key support residing near the $95K region.
#BTC320 #Trendingissue #Trendingcoin320 #Binance320 #mr320
$BTC
🚨Bitcoin is heading toward $100,000 as bulls lose momentum🚨
Bitcoin price closed below the daily support level of $106,406 on Thursday and declined by 1.50% the following day. However, it recovered slightly during the weekend. At the time of writing on Monday, it trades at around $105,000.
Suppose BTC faces resistance around the $106,406 daily level and continues its correction. It could extend the decline to revisit the psychologically important level of $100,000.
The Relative Strength Index (RSI) on the daily chart reads 53, pointing downward toward its neutral level of 50, indicating fading bullish momentum. The Moving Average Convergence Divergence (MACD) also showed a bearish crossover. It also shows rising red histogram bars below its neutral level, indicating a correction ahead.
However, if BTC recovers and closes above $106,406, it could extend the rally toward its all-time high of $111,980.
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🚨Bitcoin is heading toward $100,000 as bulls lose momentum🚨
Bitcoin price closed below the daily support level of $106,406 on Thursday and declined by 1.50% the following day. However, it recovered slightly during the weekend. At the time of writing on Monday, it trades at around $105,000.
Suppose BTC faces resistance around the $106,406 daily level and continues its correction. It could extend the decline to revisit the psychologically important level of $100,000.
The Relative Strength Index (RSI) on the daily chart reads 53, pointing downward toward its neutral level of 50, indicating fading bullish momentum. The Moving Average Convergence Divergence (MACD) also showed a bearish crossover. It also shows rising red histogram bars below its neutral level, indicating a correction ahead.
However, if BTC recovers and closes above $106,406, it could extend the rally toward its all-time high of $111,980.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
$ETH $BTC
🚨Ethereum waits its turn, will BTC’s moonshot pull it higher?🚨
Should Bitcoin soar to $250,000, Ethereum (ETH) likely won’t be far behind in the rally. As the second-largest crypto and the backbone of DeFi and smart contracts, ETH tends to ride the post-Bitcoin wave, just like in 2020–2021, when it rallied 2–3x after BTC peaked.
With ETH currently trading around $2,400–$2,500 as of late June, analysts see upside toward $6,000–$8,000 in 2025. Recent ETF inflows ($109M in June) and the Pectra upgrade fuel this momentum. Long term? Some forecasts stretch to $25,000 by 2030, if adoption keeps climbing
#BTC320 #ETH320 #Trendingissue #Trendingcoin320 #mr320
🚨Ethereum waits its turn, will BTC’s moonshot pull it higher?🚨
Should Bitcoin soar to $250,000, Ethereum (ETH) likely won’t be far behind in the rally. As the second-largest crypto and the backbone of DeFi and smart contracts, ETH tends to ride the post-Bitcoin wave, just like in 2020–2021, when it rallied 2–3x after BTC peaked.
With ETH currently trading around $2,400–$2,500 as of late June, analysts see upside toward $6,000–$8,000 in 2025. Recent ETF inflows ($109M in June) and the Pectra upgrade fuel this momentum. Long term? Some forecasts stretch to $25,000 by 2030, if adoption keeps climbing
#BTC320 #ETH320 #Trendingissue #Trendingcoin320 #mr320
$BTC
🚨Bitcoin (BTC) struggles under pressure🚨
After a steady run earlier this summer, Bitcoin (BTC) stumbled hard as selling pressure spiked. The sudden move lower erased billions in market value and left traders questioning whether Bitcoin can reclaim the $60,000 zone any time soon. Market watchers point to leveraged liquidations and wider macro jitters as the main culprits. Long-term Bitcoin holders remain calm, pointing to Bitcoin’s history of sharp drops before new rallies, but in the short term the market leader looks fragile.
#BTC320 #Trendingissue #mr320 #Binance320 #Trendingcoin320
🚨Bitcoin (BTC) struggles under pressure🚨
After a steady run earlier this summer, Bitcoin (BTC) stumbled hard as selling pressure spiked. The sudden move lower erased billions in market value and left traders questioning whether Bitcoin can reclaim the $60,000 zone any time soon. Market watchers point to leveraged liquidations and wider macro jitters as the main culprits. Long-term Bitcoin holders remain calm, pointing to Bitcoin’s history of sharp drops before new rallies, but in the short term the market leader looks fragile.
#BTC320 #Trendingissue #mr320 #Binance320 #Trendingcoin320
$BTC
On the daily chart, BTC is retesting the $112K level after bouncing from the $107K support zone. The price is currently sitting just under the 100-day moving average, which has turned into short-term resistance. The RSI remains weak near 48, suggesting that buyers are present but lack strong conviction.
For now, the $110K area remains the key pivot. If it holds, Bitcoin could aim for $116K and eventually the $124K high. But failure to stay above this zone risks dragging the price back toward $104K, where a larger pool of demand lies.
#BTC320 #Trendingissue #mr320 #Binance320 #Trendingcoin320
On the daily chart, BTC is retesting the $112K level after bouncing from the $107K support zone. The price is currently sitting just under the 100-day moving average, which has turned into short-term resistance. The RSI remains weak near 48, suggesting that buyers are present but lack strong conviction.
For now, the $110K area remains the key pivot. If it holds, Bitcoin could aim for $116K and eventually the $124K high. But failure to stay above this zone risks dragging the price back toward $104K, where a larger pool of demand lies.
#BTC320 #Trendingissue #mr320 #Binance320 #Trendingcoin320
$BTC
🚨Bitcoin Price Forecast: BTC hovers around 100-day EMA🚨
Bitcoin price found rejection from a previously broken trendline on Saturday and declined by more than 5% until Monday, closing below its 100-day Exponential Moving Average (EMA) at $110,827. However, BTC recovered slightly the next day and closed above the 100-day EMA. At the time of writing on Wednesday, it hovers at around $110,700.
If the 100-day EMA at $110,827 continues to hold as support, BTC could extend the recovery toward its next daily resistance at $116,000.
The Relative Strength Index (RSI) on the daily chart reads 40, which is below its neutral level of 50, still indicating bearish momentum. For the recovery rally to be sustained, the RSI must move above its neutral level.
However, if BTC continues its correction, it could extend the decline toward its next key support at $103,824, the 200-day EMA.
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🚨Bitcoin Price Forecast: BTC hovers around 100-day EMA🚨
Bitcoin price found rejection from a previously broken trendline on Saturday and declined by more than 5% until Monday, closing below its 100-day Exponential Moving Average (EMA) at $110,827. However, BTC recovered slightly the next day and closed above the 100-day EMA. At the time of writing on Wednesday, it hovers at around $110,700.
If the 100-day EMA at $110,827 continues to hold as support, BTC could extend the recovery toward its next daily resistance at $116,000.
The Relative Strength Index (RSI) on the daily chart reads 40, which is below its neutral level of 50, still indicating bearish momentum. For the recovery rally to be sustained, the RSI must move above its neutral level.
However, if BTC continues its correction, it could extend the decline toward its next key support at $103,824, the 200-day EMA.
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$BTC
Bitcoin (BTC) Price Today
Bitcoin price stood at $107,430.56, registering a 24-hour jump of 1.05 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 91.73 lakh.
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Bitcoin (BTC) Price Today
Bitcoin price stood at $107,430.56, registering a 24-hour jump of 1.05 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 91.73 lakh.
#BTC320 #mr320 #Trendingissue #BinanceAlphaAlert #MarketRebound
$BTC
🚨Bitcoin is inching toward its all-time high🚨
Bitcoin price dipped, reaching a low of $115,736 on Tuesday after hitting a new all-time high of $123,218 the previous day. BTC recovered from this Tuesday’s dip over the next two days and, at the time of writing on Friday, trades above $120,000.
If BTC closes above the $120,000 mark on a daily basis, it could extend the recovery toward the fresh all-time high at $123,218 and beyond.
The Relative Strength Index (RSI) indicator reads 71, rebounding on Tuesday and pointing upward, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) exhibited a bullish crossover at the end of June that still holds. The rising green histogram bars above its neutral zero line suggest that bullish momentum is gaining traction.
On the contrary, if BTC faces a correction, it could extend the decline to find support around its Tuesday’s low of $115,736.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
🚨Bitcoin is inching toward its all-time high🚨
Bitcoin price dipped, reaching a low of $115,736 on Tuesday after hitting a new all-time high of $123,218 the previous day. BTC recovered from this Tuesday’s dip over the next two days and, at the time of writing on Friday, trades above $120,000.
If BTC closes above the $120,000 mark on a daily basis, it could extend the recovery toward the fresh all-time high at $123,218 and beyond.
The Relative Strength Index (RSI) indicator reads 71, rebounding on Tuesday and pointing upward, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) exhibited a bullish crossover at the end of June that still holds. The rising green histogram bars above its neutral zero line suggest that bullish momentum is gaining traction.
On the contrary, if BTC faces a correction, it could extend the decline to find support around its Tuesday’s low of $115,736.
#BTC320 #Trendingissue #Trendingcoin320 #mr320 #Binance320
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