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Заголовок Bitcoin Price Analysis: Is BTC About to Crash Below $60K Again?
Дата 20240629

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Analysis: Is BTC About to Crash Below $60K Again?

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Analysis: Is BTC About to Crash Below $60K Again?

Author: CryptoVizArt

Last Updated Jun 29, 2024 @ 06:32

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price is experiencing a downtrend at the moment, as it has failed to
continue its rally above $70K. This begs the question if the bull market has
come to a halt or if that s just a temporary correction.

Technical Analysis

By TradingRage

The Daily Chart

As the daily chart demonstrates, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price has failed to rise above the
$75K resistance zone multiple times and is currently declining. The $65K
support has also been lost, but the key $60K level currently holds the price.

The 200-day moving average is also located around $57K and could support the
market if $60K breaks down. Overall, the trend can still be considered bullish
while BTC is trading above its 200-day moving average. Source: TradingView

The 4-Hour Chart

The 4-hour chart shows that the price briefly broke below the $60K support
level a few days ago but quickly climbed back above. This is a classic fake
breakout behavior and could indicate a rally toward the $65K level in the
short term.

Yet, the RSI is still showing values below 50%, which means that the momentum
is still in favor of the sellers. So, a drop below the $60K level is still
possible. Source: TradingView

On-Chain Analysis

By TradingRage

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Whale Ratio

Analyzing Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin on-chain metrics can be very helpful in situations where the
market is seemingly reversing. This chart demonstrates the BTC whale ratio
metric, which measures the ratio of large deposits to the exchanges and
assumes that they belong to the whales.

So, higher readings might indicate that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin whales are depositing their
coins to exchanges aggressively, which is likely for selling.

It is evident that the whale ratio has recently reached values higher than
0.5, which is significantly high. This indicates that the whales are selling
their coins in considerable volumes. Therefore, if this trend continues,
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price might drop even lower as the market would be overwhelmed with
excess supply. Source: TradingView

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Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта charts by TradingView.

Tags: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price

============= Итог: 4,1320 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin


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