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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin (BTC) Price Watch: Potential Bounce Targets

newsbtc
newsbtc
1 year ago
2 mins read

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 is still inside its short-term ascending channel but is on its way to test support.
  • If the near-term floor holds, the Fibonacci extension tool on this pullback shows the potential upside targets.
  • Technical indicators are suggesting that the rally could carry on from here.

Bitcoin price looks prime for a bounce off its short-term channel bottom and might recover to the Fib extension levels.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on this time frame to confirm that the path of least resistance is to the upside. This means that the uptrend is more likely to resume than to reverse or that support is more likely to hold than to break.

In addition, the 100 SMA is currently holding as dynamic support while the 200 SMA is near the channel bottom to add an extra layer of defense for bulls. RSI is indicating oversold conditions and looks ready to pull up, so bitcoin price might follow suit.

Stochastic is still on the move down to indicate that there’s some selling pressure left. However, the oscillator is already approaching oversold levels to signal exhaustion among bears. Turning higher could show that bullish pressure is returning.

The 50% extension is close to the mid-channel area of interest at $6,800 and might be the first upside target. Stronger bullish momentum could take bitcoin price up to the 61.8% extension at $6,842 or the 78.6% extension at the channel top or $6,900. The full extension is at $6,991.90 or near the $7,000 major psychological barrier.

BTCUSD Chart from TradingView

There were a few negative remarks from American economists Joseph Stiglitz, Kenneth Rogoff, and Nouriel Roubini citing that bitcoin will fail as governments increase regulatory efforts. These may be to blame for the recent slide in bitcoin price, erasing part of the previous week’s rallies.

This is nothing new to the cryptocurrency, though, and it might just take a string of positive updates to revive the climb. Besides, bitcoin and its peers were off to a good start for the quarter so investor optimism is evident.

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

ripple_xrp_xrpusd_optimized

XRP Faces Sharp Decline Amid Liquidations, But Pundits Say “This Week Changes Everything”

XRP is facing renewed pressure this week after the Oct. 10 flash crash triggered record liquidations across the crypto market....

James Halver 3 hours ago

你的真實比特幣區塊中獎幾率 虛擬迷因幣挖礦或是更聰明的押注

隨著越來越多的工業級玩家加入比特幣(BTC)挖礦賽道,如今的挖礦領域早已不是12至15年前散戶還能輕鬆參與的競技場。用普通筆記型電腦挖比特幣的時代早已成為歷史,就像在AI驅動的電動車時代調校化油器引擎...

newsbtc 3 hours ago
Bitcoin

Bitcoin Buy Signal: Why The 200-Week Moving Average Has Been A Flawless Entry Point

The 200-week moving average is one of the most critical macro indicators for Bitcoin, serving as the definitive divide between...

Godspower Owie 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

chatgpt5-top-cryptos-four-40x-potential-coins-buy-the-dip-tw

ChatGPT-5精選最佳加密貨幣:四大具40倍潛力的加密貨幣趁低吸納

Mark Mak 1 hour ago
Solana

Solana Pauses To Recharge – Will $195 Support Hold The Line For A Comeback?

Godspower Owie 1 hour ago
Bitcoin Price Dips Deeper Into Red

Bitcoin Price Dips Deeper Into Red — Traders Eye Next Support Near $105,500

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:強気ダイバージェンスが示す新たな上昇のチャンス

    ドージコイン...

    13 hours ago
  • リップル 今後の見通し:6,300万ドルの売却が発生も、賢い投資家はすでに買い増し開始

    リップル...

    13 hours ago
  • 仮想通貨プレセールで2,380万ドル超を調達した新プロジェクト、次に爆発的成長を遂げる可能性も

    ...

    13 hours ago
  • 仮想通貨おすすめ:市場暴落からの回復に苦戦する中で今注目すべき銘柄

    ...

    14 hours ago
  • イーロン・マスクがドージコインの“エネルギー”を強調、新しい仮想通貨がさらに注目を集める

    ...

    14 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.