US EditionBitcoin Prepares For Make-Or-Break Move As Textbook Triangle Meets Tight Range
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Bitcoin Prepares For Make-Or-Break Move As Textbook Triangle Meets Tight Range
Bitcoin is approaching a critical juncture as its textbook ascending triangle converges with a tight trading range. Consolidation near key support and resistance levels sets the stage for a potential breakout or breakdown, making the next moves crucial for market momentum. Ascending Triangle Signals Strength Alpha Crypto Signal, in a recent post, highlighted that Bitcoin is currently shaping a textbook ascending triangle pattern on the daily cha…
BTC Slips Below $120K as Policy Shifts Rattle Markets: Is This a Setup for the Next Big Rally? - Coin Surges
Bitcoin’s record-breaking rally hit a pause this week as shifting U.S. policy signals triggered a sharp pullback. After surging to an all-time high of $124,457 on August 13, BTC plunged as low as $117,477 on Friday morning before stabilizing around $119,000. The 5% drop followed U.S. Treasury Secretary Scott Bessent’s comments ruling out additional government Bitcoin purchases for strategic reserves, sparking $1 billion in leveraged liquidations…
The US Treasury Secretary Scott Bessent announces that the US will no longer buy bitcoin on the market. The strategic reserve is [...] The article USA stops Bitcoin purchases for Bitcoin Reserve – BTC slips back below $120,000 first appeared on Kryptoscene.de.
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