Bitcoin plunged through $100,000 on Friday, with weakening momentum and a potential death cross highlighting growing downside risks as ETF enthusiasm fades.
The value of the Bitcoin (Symbol: XBT or BTC) fluctuates constantly and Bitcoin technical analysis is required in order to know when to buy and sell this currency. Several online currency exchanges are available where one can exchange dollars and other currencies for Bitcoins. .
The traders at DailyForex monitor the Bitcoin markets on an ongoing basis and provide you with Bitcoin forecasts (Mostly XBT/USD) that show you how to profit from this unique currency. Watch the gyrations of the Bitcoin based on Bitcoin technical analysis, global availability and government regulation in the Bitcoin market analysis below.
Most Recent
Bitcoin remains under heavy selling pressure near $100K, with weakening momentum and bearish technicals suggesting a potential breakdown toward $80K.
Bitcoin continues to face selling pressure below key resistance at $108,000, with downside risks increasing if the $100,000 support fails to hold.
Top Forex Brokers
Bitcoin failed to hold early Monday gains, forming a bearish shooting star near $100K, with continued consolidation expected between $93K and $108K.
Bitcoin continues to consolidate around the key $100,000 level, with a breakout toward $108K or a breakdown to $92K likely depending on momentum shifts.
Bitcoin plunged on Thursday to test the $100,000 support level, with downside risks toward $92,000 or $80,000 if it breaks, while resistance looms at $108,000.
Bitcoin dropped 4% on Tuesday, breaking below the 200-day EMA and $108K, with mounting downside risk if $100K fails to hold as support.
Bitcoin slid 3.5% on Monday, sparking panic and speculation, though key support near $100,000 could attract short-term buyers amid long-term bearish sentiment.
Bitcoin retraced early Wednesday gains as traders remain cautious around Fed policy direction, with key support at $110,000 and resistance near $120,000.
Bonuses & Promotions
Bitcoin continues to trade sideways near $110,000, with traders watching for a breakout above $116K or a breakdown below $107K to signal the next trend.
Bitcoin rebounded near the 200-day EMA on Wednesday, forming a hammer and signaling potential short-term stability between $100K and $110K amid volatility.
Bitcoin experienced high volatility on Tuesday, bouncing between major moving averages near $110,000 as traders weigh risk appetite and ETF inflows.
Bitcoin (BTC) clawed its way back above the $110,000 mark on Monday, marking a pivotal moment in what many are calling the year’s defining bull run.
Bitcoin faces renewed selling pressure below $112,000, with technical signals turning bearish and a potential break of the 200-day EMA threatening further downside.
Bitcoin faces renewed selling pressure near $110,000, with support at $108,000 and the 200-day EMA in focus as traders await signs of stability.