Bitcoin’s (BTC) price looks poised to retest $30,000 as traders continued to pull back from upside bets on a spell of a bearish technical pattern. Dubbed as a Symmetrical Triangle, the structure forms when an asset fluctuates between two converging trendlines. In doing so, the asset rebounds after testing the Triangle’s lower trendline as support and pulls back upon treating … [Read more...] about Bitcoin price at risk of $30K retest following bearish triangle breakdown
Retest
Bitcoin looks to retest $60K: Here’s why it could surge higher
Bitcoin price has rebounded off support near $56,500 and could see fresh gains towards $60,000 Over the weekend, Bitcoin (BTC) price decreased to lows of $56,487 after bulls failed to sustain the upside seen on 2 April. After reaching highs of $60,066 on Friday, BTC experienced a sharp retreat and broke below major support at $58,000. The negative price action even saw bears … [Read more...] about Bitcoin looks to retest $60K: Here’s why it could surge higher
Key Bitcoin price indicators signal bulls bought the $43K retest
Bitcoin's (BTC) severe 26% drop from its $58,300 all-time high on Feb. 20 injected a bit of bearishness into the market, but from a technical perspective, this was purely psychological, as the digital asset held the $43,000 support with ease. This downside move caused indicators like the Crypto Fear & Greed Index to hit 38, its lowest level in five months.Bitcoin price in … [Read more...] about Key Bitcoin price indicators signal bulls bought the $43K retest