😭😭 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower. Key Points: - Initial Decline: Began from the $64,550 resistance. - Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA). - #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart. - Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels. Detailed Analysis: Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point. Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement). Potential Price Movement: Upside Potential: - Break Above $64,500: Could signal a steady increase. - Targets: $65,500 and potentially $66,200. Downside Risks: - Failure to Break $63,550: Could lead to further decline. - Immediate Support: Near $62,700. - Further Support: $62,200 and $62,000. - Significant Drop: Could reach the $61,200 support zone. Technical Indicators: - Hourly MACD: Gaining pace in the bearish zone. - Hourly RSI: Below 50, indicating bearish sentiment. Summary: Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices. Key Levels to Watch: - Support: $62,700, $62,200, $62,000. - Resistance: $63,550, $64,500. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
2025 top coin BTC💯💯💥Bitcoin dropped by 1.16% very quickly, making people panic and sell their Bitcoin. This sudden drop happened because some bad economic news came out in the US. The news showed that more people are out of work than expected, and there might be big losses in US banks. This made investors worried about the economy, so they sold their Bitcoin fast. Bitcoin's value went down to $68,718.89, causing a lot of trading activity as people tried to sell quickly. Bitcoin is the biggest cryptocurrency and lost some of its value, which reflects how shaky the overall market is. This event reminds us that cryptocurrencies can change a lot, especially when there's bad news about the economy. Despite the drop, Bitcoin is still a major player in the market. This shows how important it is to keep up with the news, especially when dealing with cryptocurrencies. The information comes from CoinMarketCap, but it's important to remember it's just for reference and might not be completely accurate. #TopCoins2025 $BTC
BTC🚀🔥*****(PROTECTION AND REGULATION IN CRYPTOCURRENCY)******🚀🔥 LARGE-SCAL-INVESTORS 🔥🔥🔥🔥 This message is a passionate plea for greater regulation and protection in the cryptocurrency market, specifically targeting "whales" (large-scale investors) who engage in manipulative practices that harm smaller investors. The author expresses frustration and outrage, questioning the absence of legal action and effective cybersecurity measures to prevent these activities. They urge readers to take action, such as filing complaints to remove problematic platforms from app stores, to prevent further financial losses and potential mental health impacts like suicidal thoughts. The author also suggests implementing stricter rules to limit the ability of whales to manipulate the market and advocates for collective action to fight against these practices. Please note that this message is a personal opinion and not investment advice. Cryptocurrency investments carry risks, and it's essential to do your own research and consider your risk tolerance before making any investment decisions.
Until #CPI data is revealed, we might see another long sweep. 🧹 If $BTC rejects the $69,700-$69,900 range, expect a wick fill. 📉 #BTCDOM -Dominance could climb to 55.80% to complete its wick. 📈 Additionally, the dollar index #DXY is on the rise, which is bearish for the market. 📉 Better to wait to spot the bottom and avoid unnecessary trading. 🕰️ Wait for the outcome of #CPI data. 📊 #CryptoMarket #BTC #Altcoins #TechnicalAnalysis #TradingInsights
🧧🧧WHAT IF $BTC REACHES 52-45K AND ALTCOIN BREAKS THE BOTTOM ON APRIL 14 💥That scenario is probably something very few people can think of right now, right? I still firmly believe that $BTC must return to the 45k area before a long-term increase to 150k by the end of this year. 💥If you read my articles, you will see that I wrote about this vision a long time ago. And I still bet on coins moderately, leaving money to buy altcoins when $BTC reaches the 52-45k area to go all in. 🙏From the perspective of the TOTAL 3 chart (the chart showing the cash flow of all altcoins), TOTAL 3 will still fall very deeply on frame D. Don't let yourself be lulled by MM. MM is a master of psychological manipulation to make the crowd lose their guard. Thank you