Bitcoin price tags new April low as traders weigh odds of $25K next
Bitcoin threatens a breakdown below $27,000, and traders are ready and waiting with their downside BTC price targets.
Auto Added by WPeMatico
Bitcoin threatens a breakdown below $27,000, and traders are ready and waiting with their downside BTC price targets.
A "horrendous bearish engulfing" risks defining the weekly close, but all may not be lost, Bitcoin price analysts insist.
Bitcoin is seeing a "logical and healthy" pullback, commentary states, with $25,000 now a key BTC price line in the sand.
Bitcoin’s price risks more downside, with $28,000 now a key level to hold in order to avoid a return to the mid-$20,000s.
Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be "rugged."
Bitcoin bulls still have an opportunity to turn the situation around, analysis suggests, with BTC’s price recovering to a key springboard level.
Bitcoin loses 3% on the day, with the start of Wall Street trading failing to rescue BTC price from the loss of $30,000.
Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation.
Bitcoin faces a formidable trend line in $31,000 with United States equities providing a continued boost for BTC price upside.
Bitcoin continues to fulfil its halving cycle roadmap in classic style compared to 2013 and 2017, the latest BTC price metrics show.