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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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 Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Bitcoin (BTC) Price Watch: Bears Return in Full Swing!

newsbtc
newsbtc
1 year ago
2 mins read
technical analysis 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 out of a descending trend line and is pulling back for a retest.
  • Price is at a crucial area of interest, though, and a bounce or break could determine the next long-term direction.
  • If these support levels hold, bitcoin could bounce back to the swing high and resume the reversal.

Bitcoin price is pulling back to an area of interest after breaking above a longer-term descending trend line.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. This suggests that the uptrend is more likely to resume than to reverse. However, price has fallen below the longer-term 200 SMA as an early indicator that bearish momentum is kicking in.

RSI is indicating oversold conditions, though, so a bounce may be in order. Stochastic has already climbed out of the oversold area to show that buyers are ready to return. A larger pullback to the broken trend line closer to the 61.8% Fib may be the last line of defense for bulls, and a break below this could lead to a drop to the swing low.

BTCUSD Chart from TradingView

Market Factors

Bitcoin was off to a promising start for the week but it looks like bulls were unable to sustain the momentum as investor worries lingered. Not even remarks from Steve Wozniak on how bitcoin is the only digital gold were able to help. He cited:

All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.

Still, the dollar managed to recoup its losses in the latest US session, likely on the bounce in equities. Trump and Kim Jong-Un are still a go with their meeting on June 12 and this is giving dollar bulls optimism at the moment.

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

Expert Crypto Trader Says Dogecoin Price Looks ‘Very Good’, Here’s Why

An expert crypto trader shares a strong view on Dogecoin and the broader market, saying conditions look very favorable right...

Sandra White 7 hours ago
эфириум

Ethereum на грани дефицита ликвидности: что это значит для инвесторов

Интерес институционалов к Эфириум заметно увеличился, и на фоне этого растет и внимание к инструментам, которые помогают участникам рынка получить...

daria 7 hours ago

Ethereum (ETH) sull’Orlo di Una Crisi di Offerta: Cosa Significa per gli Investitori

Il prezzo di Ethereum (ETH) ha superato nella giornata di oggi i 4.500 dollari, creando un’ondata di ottimismo attorno alla...

clararosati 9 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

Bitcoin

Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible?

Scott Matherson 15 minutes ago
Bitcoin

Mid-Sized Bitcoin Holders Break Records With 65K BTC Weekly Accumulation

Christian Encila 1 hour ago
Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate

Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Press Releases

  • トレーダー注目の新規コイン ― 仮想通貨1000倍リターンを狙える格安銘柄

    トレーダー注目の新規コイン ―...

    2 minutes ago
  • ミームコインが注目のプレセールで100万ドル突破 ― Mine-to-Earn型報酬が話題に

    ...

    18 minutes ago
  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    6 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    6 hours ago
  • イーサリアム...

    7 hours 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.