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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Holds Steady at $63,000: Analysts Weigh In on Next Steps

Samuel Edyme
Samuel Edyme
9 months ago
2 mins read
Bitcoin Holds Steady at $63,000: Analysts Weigh In on Next Steps

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 appears to be entering a rebound phase, given its recent increase that brought the asset’s price close to the $66,000 mark. Particularly, after briefly touching a 24-hour high of $64,893 earlier today, Bitcoin has retraced slightly, now trading at $63,786, reflecting a minor 0.2% decline over the past day.

Despite this slight pullback, analysts remain divided on the immediate future of Bitcoin, with some pointing to key technical levels that could determine the next significant move.

Related Reading

Bitcoin

Crypto Analyst Sounds Alarm: Here’s Why It’s Your ‘Last Chance To Buy Bitcoin’

9 months ago

Next Step For Bitcoin

Renowned crypto analyst, Emperor on X, shared his insights on Bitcoin’s price action earlier today. In a detailed post, Emperor noted that Bitcoin had successfully bounced from a critical support zone of around $58,000, which he had previously identified as a potential buy zone.

According to Emperor, Bitcoin has now reclaimed the 200-day Exponential Moving Average (EMA) on the 4-hour chart, which he views as a positive development.

He highlighted that Bitcoin’s recent price movement, including front-running the quarterly open and sweeping weekend range lows, is characteristic of a strong uptrend.

Emperor suggested that while Bitcoin may not see a continuous upward push this week, it remains bullish, with the next target being the monthly open. The analyst concluded, noting:

 I will be taking some profits on swing positions. Ultimate direction is up but now is the time to take profit on Bitcoin gradually while you bid alts.

Bitcoin (BTC) price chart on TradingView
BTC price is moving sideways on the 2-hour chart. Source: BTC/USDT on TradingView.com

Is Another Noticeable Correction Going To Happen?

While Emperor’s analysis points to a bullish outlook for Bitcoin, other analysts are more cautious. Macro Johanning, another well-known figure in the crypto space, provided an update on Bitcoin’s recent price action, noting that Bitcoin had recently swept the high at $65,100.

Johanning suggested that this move to the upside might have temporarily exhausted Bitcoin’s bullish momentum, potentially leading to a dip to around $61,000 before further upward movement. He highlighted the importance of upcoming economic data releases in Bitcoin’s short-term direction.

Johanning pointed to several key events scheduled for the week, including the release of US Consumer Confidence data on Tuesday, Nvidia’s earnings report on Wednesday, Q2 2024 GDP data, and July Pending Home Sales on Thursday, followed by July PCE Inflation data on Friday.

Related Reading

Bitcoin Price Faces Challenge at $65K: Can It Break Through?

9 months ago

These events will likely influence market sentiment and add volatility to Bitcoin’s price action. According to Johanning, Bitcoin’s next significant resistance level is around $67,000, which could become a target once the consolidation phase resolves.

Featured image created with DALL-E, Chart from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

Close

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

Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say ‘Watch This Level’

Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say ‘Watch This Level’

Bitcoin continues to trade below its recent all-time high as selling pressure and macroeconomic developments keep the asset in consolidation....

Samuel Edyme 7 hours ago
Bitcoin Price Bottoms Out?

Bitcoin Price Bottoms Out? Recovery Hopes Rise After Base Formation

Bitcoin price started a fresh decline below the $106,000 zone. BTC is now consolidating and might soon aim for a...

Aayush Jindal 8 hours ago
Bitcoin

Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight

Bitcoin’s recent pullback has sparked fresh debate over whether the rally has run its course. According to market watcher Titan...

Christian Encila 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 price news

Analyst Warns Of Bitcoin Breakdown—’If This Continues, It Snaps’

Jake Simmons 1 hour ago
Solana, Monero, SUI

Solana Correction About To End? Analyst Forecasts $130 Retest Before Next Wave Up

Rubmar Garcia 4 hours ago

Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The Next Target?

Ash Tiwari 5 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Toobit Integrates TON for USDT Deposits and Withdrawals...

    2 hours ago
  • Gate Releases May 2025 Transparency Report: Brand Revamp...

    2 hours ago
  • The code of wealth in 2025: ETHRANSACTION Dogecoin cloud...

    11 hours ago
  • HashJ Cloud Mining: A portal for multi-chain value...

    11 hours ago
  • 1 nezastaviteľná kryptomena, ktorú podľa Michaela Saylora z MicroStrategy stojí za to kúpiť skôr, než vystrelí o 12 280 %

    1 nezastaviteľná kryptomena, ktorú podľa Michaela...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.