Bitcoin Bears Eye Possible Pullback to This Key Support Area, But Longer-term BTC Price Outlook Remains Strong
Risks of a short-term pullback in the Bitcoin (BTC) price appear to be rising, according to chart analysis. Bitcoin was last changing hands close to $27,500, about 6% below the nine-month highs it hit on Friday in the $2...
Bitcoin was last changing hands close to $27,500, about 6% below the nine-month highs it hit on Friday in the $29,300s.
The cryptocurrency’s repeated failure to hold above resistance in the form of the late-May 2022 lows in the low-$28,000s this week has gotten some traders worried that a short-term pullback to key support in the mid-$25,000s might be incoming....
Read More: Bitcoin Bears Eye Possible Pullback to This Key Support Area, But Longer-term BTC Price Outlook Remains Strong
Original source
Read on CryptonewsRelated market context
Bitcoin price challenges $64,000 weekend wall – needing a breakout or risk a deeper correction
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipp...
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
IEM Cologne Major draws esports attention but crypto integration remains absent
The absence of crypto integration at IEM Cologne highlights the esports industry's cautious stance on blockchain, impacting future...
Neymar Jr appears pitchside for Brazil’s World Cup debut, but his crypto legacy tells a different story
Neymar's sidelined World Cup presence highlights the fleeting nature of athlete-driven crypto ventures, underscoring speculative m...
Coinbase report flags Bitcoin cold wallets exposed to quantum risks
The potential quantum threat to Bitcoin highlights the urgent need for governance solutions to protect vulnerable assets and ensur...
Bitcoin Trader Says Retail Will Return After A Sudden 20% BTC Candle
TL;DR X trader Cup says Bitcoin may be in a quiet accumulation phase before a larger move. The post claims retail traders could re...