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 Bulls Lose Grip
Bitcoin crypto pulls back as buyers encounter resistance, with BTCUSD’s recent bullish momentum stalling after reaching the $73,720 resistance level. Following this peak, buyer strength waned, allowing sellers to push BTCUSD down toward the $70,000 support zone. Current market sentiment suggests that sellers may continue applying pressure in the near term, while buyers look for a potential reversal opportunity.
BTCUSD Key Levels
Resistance: $73,720, $74,100
Support: $70,000, $68,000
After an intense rally, Bitcoin’s bullish momentum appears to have temporarily peaked. Indicators suggest caution, as the MACD (Moving Average Convergence Divergence) shows signs of reaching its upper limit, indicating limited upside potential. Meanwhile, the Parabolic SAR (Stop and Reverse) has shifted lower, suggesting a possible trend change as selling pressure intensifies.
If sellers maintain their grip, Bitcoin crypto could slide further to the next support level at $68,000. A sustained decline may signal that sellers are taking control, potentially leading to a deeper retracement. On the other hand, if buyers manage to stabilize prices around $70,000, a reversal could follow, potentially lifting BTCUSD back to the $73,720 resistance. A bullish signal in either the Parabolic SAR or MACD would reinforce this shift.
Bitcoin cryptocurrency currently stands at a pivotal juncture, balancing between further decline and a potential recovery. While sellers have capitalized on recent highs, the $70,000 support level remains crucial. A strong reversal signal from technical indicators could mark the beginning of renewed bullish momentum, provided buyers step back in.
Market Expectation
Sellers have taken advantage of the recent peak, pushing prices lower. Although momentum currently favors the sellers, a bullish reversal remains possible if buyers regain strength and break through key levels.
A shift in the Parabolic SAR could provide early signals of a change in direction, while the MACD is closely watched by traders for any signs of shifting momentum. Crypto signals will also offer insight as the market anticipates the next move.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- 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.