Posts

Showing posts with the label level

Analyst reveals next big buying opportunity for Bitcoin when it breaks this key level 

Image
Bitcoin (BTC) has experienced notable volatility recently, reaching its lowest level in over two weeks at $62,498 on August 1. This decline has been attributed to a combination of factors, including reduced expectations of interest rate cuts in the United States and the distribution of 47,000 BTC from the defunct exchange Mt. Gox. Traders are now closely monitoring key support and resistance levels to identify the next significant buying opportunity. In this context, the analyst with the pseudonym Stockmoney Lizards noted in an X post on August 2 that Bitcoin is nearing a critical point, presenting a potential entry point for market participants. Picks for you Is the U.S. economy about to crash? Markets sound the alarm 2 mins ago AI predi...

Trading expert projects a major Bitcoin pullback to this level post-halving

Image
Bitcoin (BTC) is currently trading below the $70,000 mark, with market sentiment teetering on the edge as the maiden cryptocurrency showcases short-term volatility.  In recent weeks, the $70,000 level has emerged as a critical support in Bitcoin’s quest to reach the coveted $100,000 milestone. In this line, a crypto trading expert recently suggested that Bitcoin could be lining up for a significant drop in valuation after the halving event to below $60,000, according to pseudonymous analyst TradingShot , in a TradingView post on April 4.   Picks for you Analyst who predicted dot-com bubble warns of AI crashing stock market 54 mins ago SEC seeks enormous 300% of unregistered sales from Ripple 2 hours ago Who owns WhatsApp? 2 hours ago Robert Kiyosaki says ‘we’re F’d,’ Here’s why 4 hours ago Based on the one-week timeframe, the Analysis suggests that Bitcoin’s trajectory may see a correction towards the 0.382 Fibonacci retracem...