Sunday, August 24, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Bitcoin Price on the Brink: Could a Deeper Drop Be Ahead?

30 December 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Bitcoin value did not surpass $95,500 and declined once more. BTC is again under $94,500 and may revisit the $91,200 assist zone.

Bitcoin began a recent decline from the $96,500 zone.
The worth is buying and selling under $95,500 and the 100 hourly Easy transferring common.
There’s a connecting bearish development line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (information feed from Kraken).
The pair might begin one other improve if it stays above the $92,500 assist zone.

Bitcoin Value Dips Once more

Bitcoin value began an honest upward transfer above the $93,500 resistance zone. BTC was in a position to climb above the $94,200 and $94,500 resistance ranges.

The pair cleared the $95,000 resistance degree however upsides had been restricted. The worth began one other decline and traded under the $93,500 degree. A low was fashioned at $92,950 and the value is now consolidating losses. There’s a connecting bearish development line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair.

The development line is near the 23.6% Fib retracement degree of the latest decline from the $97,308 swing excessive to the $92,950 low. Bitcoin value is now buying and selling under $95,000 and the 100 hourly Easy transferring common.

On the upside, instant resistance is close to the $94,000 degree. The primary key resistance is close to the $95,000 degree or the 50% Fib retracement degree of the latest decline from the $97,308 swing excessive to the $92,950 low. A transparent transfer above the $95,000 resistance may ship the value larger.

Supply: BTCUSD on TradingView.com

The subsequent key resistance may very well be $95,500. A detailed above the $95,500 resistance may ship the value additional larger. Within the acknowledged case, the value might rise and check the $96,500 resistance degree. Any extra beneficial properties may ship the value towards the $98,000 degree.

Extra Losses In BTC?

If Bitcoin fails to rise above the $94,500 resistance zone, it might proceed to maneuver down. Quick assist on the draw back is close to the $93,500 degree.

The primary main assist is close to the $92,800 degree. The subsequent assist is now close to the $92,500 zone. Any extra losses may ship the value towards the $91,200 assist within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now under the 50 degree.

Main Assist Ranges – $93,500, adopted by $92,500.

Main Resistance Ranges – $94,500 and $95,500.



Source link

Tags: AheadBitcoinBrinkDeeperDropPrice
Previous Post

Vitalik Buterin ‘Adopts’ Famous Hippo Moo Deng

Next Post

Exploring AI Image Generators: Transforming Visual Creation

Related Posts

Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000
Analysis

Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000

23 August 2025
Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% – CoinJournal
Analysis

Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% – CoinJournal

22 August 2025
Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy
Analysis

Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy

23 August 2025
TON gains momentum with $780 million treasury and Ledger staking integration – CoinJournal
Analysis

TON gains momentum with $780 million treasury and Ledger staking integration – CoinJournal

23 August 2025
Ether could face volatility as markets eye Powell at Jackson Hole
Analysis

Ether could face volatility as markets eye Powell at Jackson Hole

23 August 2025
Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials
Analysis

Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials

24 August 2025
Next Post
Exploring AI Image Generators: Transforming Visual Creation

Exploring AI Image Generators: Transforming Visual Creation

Russia’s Biggest Bank Joins Digital Ruble Push – New Era of Transactions Begins – Featured Bitcoin News

Russia's Biggest Bank Joins Digital Ruble Push – New Era of Transactions Begins – Featured Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

24 August 2025
Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

24 August 2025
As September looms, is Ethereum due a seasonable pullback?

As September looms, is Ethereum due a seasonable pullback?

24 August 2025
PEPE Price Prediction: Bearish Consolidation Targets $0.0000142 by Early September

PEPE Price Prediction: Bearish Consolidation Targets $0.0000142 by Early September

24 August 2025
AUSTRAC Orders Binance Australia to Appoint Auditor Over AML Failings – Regulation Bitcoin News

AUSTRAC Orders Binance Australia to Appoint Auditor Over AML Failings – Regulation Bitcoin News

24 August 2025
What Is a Crypto Sniper? Inside the High-Speed Traders Dominating Meme Coin Launches – Learning – Insights Bitcoin News

What Is a Crypto Sniper? Inside the High-Speed Traders Dominating Meme Coin Launches – Learning – Insights Bitcoin News

24 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$114,345.00-0.41%
  • ethereumEthereum(ETH)$4,827.481.69%
  • rippleXRP(XRP)$3.030.42%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$867.18-1.74%
  • solanaSolana(SOL)$206.641.78%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$4,815.491.74%
  • dogecoinDogecoin(DOGE)$0.232088-1.55%
  • tronTRON(TRX)$0.3663980.60%