Would you feel 'absolutely fine' if BTC fell to $25,000 next?
Amid local lows of $27,828, prognoses for Bitcoin now focused on a potential return to the area around a key trend line.
“Bitcoin testing our key local demand at 28k and not getting the best reaction. If this level is lost, 25-26k is likely tested but this is no cause for concern,” Credible CryptoThe video further described a return to $25,000 as “absolutely fine” and still an example of “a little bit of a deeper pullback” rather than a significant trend change.
The area around $25,500 constituted Bitcoin’s 200-week moving average — a support level originally lost in 2022 and only reclaimed in recent weeks.A slightly more optimistic Crypto Tony nonetheless eyed the potential for a long position on the day. “Approaching a high volume node + the EQ of his range. I am looking to play a long scalp here once I see the bulls stepping in,” he“Another play if the bears take over, is to short a loss of the range down to the range low at $26,600.”The return to $28,000 meanwhile"completely" sealed a gap in CME Group's Bitcoin futures.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday – Market Updates Bitcoin NewsBitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run.
Read more »
Forget BTC price: The Bitcoin mining boom is quietly going parabolicBitcoin network fundamentals are set for new all-time highs this week, with BTC price stagnant.
Read more »
Can Bitcoin reclaim $30K? Watch these BTC price levels nextBitcoin can return to $30,000, with analysts eyeing multiple BTC price levels.
Read more »
Bitcoin at key point with BTC price at $28.8K — Bollinger Bands creatorWhichever way you look at it, this is a crucial point for Bitcoin price.
Read more »
Bitcoin ignores US jobs data as BTC price dip puts $28K support at riskBitcoin faces a challenge to preserve $28,000 should the BTC price downtrend continue.
Read more »
'BTC to $100,000': 'Rich Dad Poor Dad' Author Makes Bold Bitcoin Price Prediction'I love $BTC': Robert Kiyosaki theRealKiyosaki declares his love and perspective on the price of Bitcoin bitcoin btc btcusdt bitcoinnews kiyosaki robertkiyosaki
Read more »