#ultimahora New BTC price lows still "possible"

Bitcoin price analysis meanwhile saw the BTC/USD pair at a crossroads amid a lack of clear bullish catalysts.

The More Crypto Online trading channel used Elliott Wave theory to outline key support and resistance levels, warning that the price could still head towards new long-term lows.

"The price remains indecisive after the New York open. A bottom may be forming here, but another low is possible as long as resistance holds," he told his X followers.

"For a bottom to be confirmed, a sustained breakout above yesterday's high in five waves is necessary. The market, as always, enjoys keeping traders in uncertainty."