Despite a recent uptrend, Bitcoin’s price consolidation is expected to continue, with a key breakout point at $71,500 looming.Despite this rise, the cryptocurrency has encountered a slight downturn in the last 24 hours, decreasing by 1.8% from a 24-hour high of $71,422 to its press time price of $69,823.Amid this fluctuating landscape, Crypto analyst Rekt Capital has offered insights into Bitcoin’s market dynamics, presenting a cautious outlook.
“History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again.”
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario family worth a staggering $71 billion just keeps getting richerThe Ontario family overseeing one of the world's largest media empires ranks among the wealthiest in the world, and managed to accumulate over $10B...
Source: blogTO - 🏆 44. / 63 Read more »
Why is Bitcoin dropping and why are Ethereum, altcoins taking BTC’s lead?Bitcoin [BTC] sank below $60,000, extending a string of losses in what has been one of the worst months for the cryptocurrency market.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: This group flees despite BTC’s $60K surgeBitcoin has demonstrated price increases above $63,000. However, data shows traders are still closing their positions. Why?
Source: CryptoAmb - 🏆 22. / 68 Read more »
Despite Bitcoin’s $64K surprise, some major concerns persistYes, Bitcoin has made a rebound to $64,000. However, these key technical indicators suggest we might still be “fully bearish”
Source: CryptoAmb - 🏆 22. / 68 Read more »
Block to Flip 10% of Bitcoin Profit Into Bitcoin InvestmentsBlock Inc. lifted its full-year profit guidance and revealed plans to invest a portion of its profits from Bitcoin back into the assets, as Jack Dorsey’s company bets big on the currency’s future.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Why Bitcoin could hit $60,000 before a rally to $72,000AMBCrypto's market analysis revealed that Bitcoin's [BTC] jump to $67,740 does not mean that the price would no longer nosedive
Source: CryptoAmb - 🏆 22. / 68 Read more »