Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term. Go to Source
BTC Price
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Bitcoin price seesaws near $56K as US stocks post fresh all-time highs
BTC price volatility keeps the pressure on traders with stocks leaving Bitcoin ever further behind. Go to Source
BTC price risks ‘double top’ — 5 things to know in Bitcoin this week
BTC price disappoints with the weekly close, leading to accusations of a “dead cat bounce” from Bitcoin traders wary of new lows. Go to Source
5 bullish arguments that Bitcoin price just bottomed at $53K
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle. Go to Source
Bitcoin traders hope bottom is in after BTC price bounces 9% from lows
BTC price action takes a break from endless downside to revisit $58,500, but Bitcoin bulls struggle to hold higher ground. Go to Source
Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off
CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000. Go to Source
Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low
BTC price action attempts to recover from the start of Mt. Gox transfers, but analysis argues the need to wait for longer-term confirmation of trend change. Go to Source
Bitcoin crashes to $53K, but analysts warn the worst isn’t over
Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly. Go to Source
Bitcoin traders express optimism even as BTC price targets shift lower
Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower. Go to Source
Bitcoin price loses its 200-day trendline for first time in 10 months
Bitcoin drops through $58,000 as analysis highlights ongoing BTC seller interest throughout 2024. Go to Source
