Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Bitcoin faces a bearish trend amid investor uncertainty and rumors of a bottom. BTCUSD continues to face a bearish trend as investor uncertainty deepens. Keith Alan, co-founder of Material Indicators, highlighted the negative sentiment surrounding Bitcoin’s recent performance. According to him, the weekly close for Bitcoin was terrible. There are many rumors among the crypto community that we have seen the bottom.
CRYPTO BREAKING NEWS
— InnovatekMobile (@Neome_com) July 8, 2024
Bitcoin Faces Continued Decline and Investor Uncertainty. Bitcoin has been falling for weeks, causing issues for altcoins. Experts are uncertain if BTC has hit the bottom yet. Continue Reading:Bitcoin Faces Continued Decline and Investor Uncertainty check… pic.twitter.com/mFAWmcIZCf
Alan’s analysis of macroeconomic and crypto dynamics underscores the growing concern among investors. The persistent decline in BTC’s value, coupled with rumors of a potential bottom, has led to increased caution in the market. This atmosphere of uncertainty suggests that Bitcoin may struggle to recover in the near term, maintaining its bearish outlook.
Key BTC Levels To Watch – July 8
The BTC/USD chart shows a clear bearish trend, with the price failing to break above the descending trendline. The recent rebound of the $56500.0 support level has signaled a bullish reversal.
The RSI indicator is below 50, indicating continued bearish momentum. A further decline is expected if the price breaks below the key support level at $56500.0, with potential targets around $50510.0.
BTCUSD Key Levels
Resistance Levels: $73840.0, $80000.0, $84000.0
Support Levels: $65520.0, $56500.0, $50510.0
Bitcoin Metrics
Total Market Capitalization: $2.10T
Bitcoin Market Capitalization: $1.11T
Bitcoin Volume: $36.94B
Market Rank: #1
Make money without lifting your fingers: Start using a world-class auto trading solution
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
