NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Bitcoin Price Technical Analysis – Trendline Break, Reversal Due

newsbtc
newsbtc
1 year ago
2 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin Price Key Highlights

  • Bitcoin price recently broke below a short-term consolidation pattern and its rising trend line visible on the 4-hour chart.
  • This signals a potential reversal from the earlier uptrend as bears are able to push bitcoin price below the strong support zone.
  • Technical indicators are confirming a pickup in selling pressure at the moment.

Bitcoin price broke below the rising trend line support, indicating that bears may be taking the upper hand from here.

Technical Indicators Signals

The 100 SMA is still above the longer-term 200 SMA so the path of least resistance might still be to the upside and this might prove to be a fakeout. Bitcoin price is testing the line in the sand at the 200 SMA dynamic support and a break below this level could confirm that a reversal is in the cards.

Stochastic is on the move down, also indicating that bearish pressure is in play. RSI is heading south as well so bitcoin price might follow suit. Once both indicators reach oversold levels, though, buyers could return and either spur a pullback or a continuation of the climb.

Price is also testing the resistance turned support level at the $1100 mark, which means that there may be a lot of buy orders located at this area. But if it gets breached, the next floor could be at $965.

Market Events

Dollar demand is slowly returning as traders are pricing in expectations of more Fed rate hikes in the coming months. Even though the FOMC statement wasn’t as hawkish as many would’ve wanted, it doesn’t change the fact that the US economy is on stable footing and that further tightening moves are likely.

Reports showing that Canada and India are issuing warnings on bitcoin Ponzi schemes are starting to remind traders of the incidence of fraud and manipulation that has plagued the cryptocurrency before. This follows the SEC denial of the bitcoin ETF last week, citing that the unregulated nature of bitcoin could expose investors to more risk.

Charts from SimpleFX

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price news

Bitcoin Price Could Still Crash To $99,000 If This Happens, Warns Ostium Labs

Ostium Research’s latest weekly note opened with Bitcoin under pressure after a swift selloff into the new week, describing “a...

Jake Simmons 3 hours ago

Snorter Bot Token สวนทางตลาด! ICO พุ่งทะลุ $4 ล้านในพริบตา

แม้ตลาดเหรียญ Meme จะชะลอตัวลงในช่วงนี้ แต่ Snorter Bot Token (SNORT) ซึ่งเป็นเทรดดิ้งบอทบน Telegram กลับสามารถสร้างแรงดึงดูดจากนักลงทุนได้อย่างต่อเนื่อง ล่าสุดโครงการสามารถระดมทุนผ่านการเสนอขายเหรียญครั้งแรก (ICO) ได้ทะลุ 4 ล้านดอลลาร์ แรงสนับสนุนจากนักลงทุนยังคงแข็งแกร่ง โดยเฉพาะในช่วง Presale ของ...

Narongdet Chaiwit 3 hours ago
snorter bot token

Μόλις 27 ημέρες απομένουν πριν κλείσει η προπώληση του Snorter Bot Token – Η πρώιμη πρόσβαση δεν θα διαρκέσει πολύ

Snorter Bot Token (SNORT): Η προπώληση που μπορεί να γίνει το επόμενο κορυφαίο Telegram trading bot, εισέρχεται τώρα στις τελευταίες 27...

Ιωάννης Ριζόπουλος 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Previsioni Bitcoin: di Nuovo a un Punto Critico

Orfeo Barone 2 minutes ago
비트코인 가격 상승 가능성? 비트코인 하이퍼 프리세일에 투자자 유입 가속

비트코인 가격 상승 가능성? 비트코인 하이퍼 프리세일에 투자자 유입 가속

Soyeon Lee 18 minutes ago
lilpepe-prochain-dogecoin

LilPepe affole déjà le marché : le prochain Dogecoin en puissance ?

evanss 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    14 minutes ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    18 minutes ago
  • リップル 今後の価格に重大な不安要素、新たに注目すべき仮想通貨とは

    リップル...

    48 minutes ago
  • 投資家から1,700万ドル超を調達した注目の仮想通貨プレセール

    ...

    1 hour ago
  • 次の市場ラリーでソラナやリップルを超える可能性を持つ1ドル未満の仮想通貨おすすめ銘柄

    ...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.