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 Price Down; Action Volatile Again!

Samuel Rae
Samuel Rae
4 years ago
2 mins read
bitcoin price volatile

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.

Late yesterday evening shortly before markets closed in Europe, we published our twice-daily bitcoin price watch piece. We noted that – among all the volatility – a pattern had formed the previous evening and that this pattern had likely initiated some downside momentum in the bitcoin price during yesterday’s session. Now, as action has matured over the Asian session, the levels that we were watching yesterday still the same, or have we broken out of our slated range to carve out some fresh key parameters today? Take a quick look at the chart below.

bitcoin price

As chart shows, having traded up towards just below what we had slated as in term resistance yesterday, we hit highs shortly before midnight last night of 245.18. This is the level that now serves as in term resistance as we head into today’s session. From this level corrective bounce down to below yesterday’s lows of 242.2, to reach 241.85 – today’s lows and the level that serves as in term support to complete the day’s range.

We are currently trading mid-range, so we will look for anything bullish to break above 245.18 and present us with an initial upside bias. On such a bias, a primary target would be 247.98 to the upside – a level that represents weekly highs and gives us plenty of room to draw profit from the market whilst maintaining a realistic stop loss around 244 flat.

Looking the other way, if the bearish momentum we saw overnight continues today, and we get a break below 241.85 to the downside, it will put us short towards an initial target of 238 flat. With about four dollars worth of reward in this trade, a stop loss somewhere around 243 will maintain a positive risk reward profile while leaving enough room for us to chopping and out of the range in the event of a retest?

Charts courtesy of Trading View

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

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

Trader, który przewidział wzrost XRP o 600%, typuje następnego memecoina poniżej 0,1 USD

Kiedy wartość XRP wzrosła o ponad 600% między końcem listopada 2024 r. a połową stycznia 2025 r. — przekraczając poziom...

newsbtc 1 hour ago

BNB upgrade triggert bullish patroon: koersdoel $719 in zicht

De BNB Smart Chains Maxwell upgrade ging maandag live. Volgens het BNB Chain team is het een technische sprong voorwaarts...

Lars Diederiksen 1 hour ago
Ethereum

Echoes Of 2020: Ethereum Signals Possible Bullish Rally After Reclaiming $2,600

Ethereum (ETH) has recently experienced a significant resurgence, reaching a three-week high of $2,600 after a notable spike on Wednesday....

Ronaldo Marquez 1 hour 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

Первый ETF на Solana запущен: начало бума альткоин-фондов?

lisachaikina 1 minute ago

Capo Of Crypto Predicts Bitcoin Price Crash Below $100,000, Doom Call For Altcoins

Scott Matherson 25 minutes ago

Snorter代幣欲在Telegram上再創高峰 ICO募資突破150萬美元

estherw 44 minutes ago

Premium Sponsors

Press Releases

  • 1 Najlepsza kryptowaluta do kupienia przed wzrostem o...

    7 minutes ago
  • Trader Dự Đoán Đúng XRP Giờ Gọi Tên Meme Coin

    Trader Dự Đoán Đúng XRP Giờ Gọi Tên Meme Coin...

    1 hour ago
  • Các Đồng Coin Tiềm Năng: TOKEN6900 Gây Sốt, Gọi...

    1 hour ago
  • MEXC Ventures Champions India Blockchain Tour 2025, Ignites...

    1 hour ago
  • MEXC Amplifies Bitcoin Reserves by 10% While Maintaining...

    1 hour 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.