Bitcoin Price Consolidates—Is a Downside Correction on the Horizon? - Overpasses For America

Bitcoin Price Consolidates—Is a Downside Correction on the Horizon? - Overpasses For America

Bitcoin price is consolidating gains below the $118,000 resistance. BTC could start a downside correction if it breaks the $116,200 support zone. Bitcoin started a fresh decline after it failed to clear the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might st…

Bitcoin Price Analysis: Key Factors Point to a BTC Correction Ahead

Bitcoin has entered a sideways corrective phase, with investors taking profits and rotating capital into the altcoin market. As BTC cools off, the stage may be set for a potential altcoin rally in the coming days. Technical Analysis By ShayanMarkets The Daily Chart After facing strong resistance at the $123K level, Bitcoin has entered a corrective phase, likely driven by profit-taking and distribution among investors. Historically, when BTC cool…

Bitcoin Eyes $120K Resistance: Will It Break Through?

Bitcoin has maintained strong price action so far, moving in a positive direction. It is currently trading near all-time highs of $118,707, but the market is also wary. Crypto analyst Daan Crypto Trades highlighted that Bitcoin is continuing to trade within a tight range, with the majority of the volume concentrated at the $118,000 level. It is an important support and resistance level; it is also important to watch this area. Source: X The pri…

Pi Network's PI Token Defies Altcoin Correction, Bitcoin Stopped at $120K: Market Watch

The post Pi Network’s PI Token Defies Altcoin Correction, Bitcoin Stopped at $120K: Market Watch appeared on BitcoinEthereumNews.com. Bitcoin’s attempt to overtake the $120,000 milestone was stopped once again in its tracks, and the asset fell by nearly four grand in hours before it staged a recovery. The altcoins are well in the red after marking substantial gains yesterday, with HYPE, XLM, and HBAR posting the most substantial losses. BTC Reje…

Bitcoin Price Risks 12% Crash as Profit-Taking Spikes – #CryptoUpdatesGNIT

Bitcoin price may be holding above $117,500, but under the surface, signs of a potential pullback are mounting. On-chain signals from long-term holders and whale activity are in sync with key price action levels, and if history is any guide, this confluence could trigger a healthy correction in the days ahead. Long-Term Holder SOPR As The Silent Exit Signal The Spent Output Profit Ratio (SOPR) for long-term holders, those holding BTC for more th…