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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

5 Critical Bitcoin Trading Takeaways for This Week as Price Falls

Yashu Gola
Yashu Gola
1 year ago
2 mins read
5 Critical Bitcoin Trading Takeaways for This Week as Price Falls

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 opened this week in negative territory as its price wobbled around a key support/resistance level of $57,000.

The benchmark cryptocurrency was down 0.97 percent, trading for $57,639 ahead of the New York opening bell Monday. Its move downhill came as a part of a broader bearish correction that started after the price crossed $60,000 late last week. From then to this press time, the bitcoin price fell roughly 4 percent.

Bitcoin struggles to post a breakout above $60,000. Source: BTCUSD on TradingView.com
Bitcoin struggles to post a breakout above $60,000. Source: BTCUSD on TradingView.com

The cryptocurrency’s latest correction downhill marked the second time its price rejected breakout attempts above $60,000. In March, the BTC/USD exchange rate had declined by more than 18.50 percent after logging a record high of $61,778 (data from Coinbase). That increased the prospect of Bitcoin heading lower after the latest upside rejection.

Nevertheless, a pseudonymous analyst called the $57,000 level an “important point” to determine the bitcoin market’s next bias. He listed five critical factors that traders should focus on to guess where the price would head next, listed as follows.

#1, #2, and #3: Resistance Area, Ascending Triangle, and 50-EMA

Three technical patterns join together to provide Bitcoin a bullish setup this week: a resistance area that has faced repeated breakout attempts since mid-March; an ascending triangle structure that expects to shoot prices upward; and a 50-day exponential moving average that provides support to the overall short-term bullish bias.

Bitcoin trade setup, as presented by CryptoHamster. Source: BTCUSD on TradingView.com
Bitcoin trade setup, as presented by CryptoHamster. Source: BTCUSD on TradingView.com

As the analyst presented, Bitcoin needs to hold its Ascending Triangle support.

If the cryptocurrency fails to do so, a decline towards the 50-EMA would still protect its upside bias. Meanwhile, the resistance area, which somewhat operates as an upper trendline area for the Ascending Triangle pattern, would ultimately give up for a breakout attempt, shooting the BTC/USD rates upward by as much as the Triangle’s maximum length.

That would put the pair en route to $70,000. But for now, it risks declining towards $54,000 to test the 50-EMA.

#4 and #5: Descending Triangle on Bitcoin RSI, BB Width

The analyst spotted two anti-bullish indicators: a descending triangle on Bitcoin one-day Relative Strength Indicator and a very squeezed Bollinger Bands Width.

A declining RSI against a rising price medium-term alerted about a potential bearish divergence. That means that bitcoin’s upside momentum is slowing down. Traders may express their bullish exhaustion down the road.

Meanwhile, with Bolinger Bands Width lowering, it reflects declining price volatility in the Bitcoin market. That typically leads to a sudden trend explosion to either end: uptrend or downtrend. Coupling that with the bearish divergence alert, the maximum risk appears to be on the downside.

Photo by Nadine Shaabana on Unsplash 
Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

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

suncar crypto

Η SunCar επενδύει έως 10 εκατ. δολάρια σε κρυπτονομίσματα

Η κινεζική εταιρεία SunCar Technology Group Inc. (NASDAQ:SDA), γνωστή για τις ψηφιακές της υπηρεσίες στον τομέα της ασφάλισης αυτοκινήτων, ανακοίνωσε...

Ιωάννης Ριζόπουλος 2 hours ago
Bitcoin’s Big Flip: More Stable Than the Nasdaq 100 as Best Altcoin Bitcoin Hyper ($HYPER) Benefits

Bitcoin’s Big Flip: More Stable Than the Nasdaq 100 as Best Altcoin Bitcoin Hyper ($HYPER) Benefits

There’s a massive shift occurring in the financial world, and it’s a big deal for Bitcoin. For the first time,...

Aaron Walker 2 hours ago
Bitcoin koers $118K en ATH in zicht - bulls kopen massaal in voor mega doorbraak

Bitcoin koers $118K en ATH in zicht – bulls kopen massaal in voor mega doorbraak

De Bitcoin koers klimt richting $118.000 en dat zorgt voor spanning in de markt. Met een huidige Bitcoin waarde van...

Lars Diederiksen 2 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

dogecoin

Технические сигналы в пользу роста DOGE: чего ждать трейдерам

daria 57 minutes ago
биткоин

Если Биткоин завершит сентябрь в плюсе: прогнозы аналитиков

daria 1 hour ago
The Altcoins Set to Explode Next After the Rate Cut Rally

BNB Hits $1K: The Altcoins Set to Explode Next After the Rate Cut Rally

Aaron Walker 1 hour ago

Premium Sponsors

Press Releases

  • イーサリアム...

    4 minutes ago
  • 70%下落の警告と、2週間以内のATH更新の可能性が交錯

    ビットコイン...

    14 minutes ago
  • Coinbaseの先物導入でETFへの道筋が開けるか?

    シバコイン...

    27 minutes ago
  • パイネットワーク...

    38 minutes ago
  • dogecoin memecore

    Tại sao Dogecoin, MemeCore và Maxi Doge có thể là...

    2 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.