Crypto Currency Tracker logo Crypto Currency Tracker logo
coinpedia 2025-04-29 17:26:54

Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price?

The post Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price? appeared first on Coinpedia Fintech News Bitcoin continues to maintain its upward trend ever since the token has bounced off above the $75,000 mark. The price is currently consolidating around $95,000, flashing a possibility of a breakout, which could lead to further growth, but there is still a risk of a short-term correction. The current trade setup suggests the price has been closely accumulating below a crucial range for more than a week, which has resulted in a huge price action in the recent past. Now that the volatility has dropped significantly, can the BTC price trigger a breakout beyond the pivotal resistance at $96,200? The BTC price is heading towards the end of the consolidation period as the token continues to remain stuck within an ascending triangle in the short term. The token has held the lower support firmly, hinting towards a potential breakout. Meanwhile, the technicals are turning bearish in the long term, which raises concerns over the stability of the rally. After breaking from the wedge, the BTC price has reached an important resistance zone and, despite a decent upward pressure, has remained within the zone. However, the price has failed to test the 0.618 FIB at $96,200, which has now become a threshold to achieve. On the other hand, MACD shows a drop in selling pressure, and the levels are heading towards a bearish crossover. This may raise alarms, as a drop below the POC zone between $94,000 and $94,675 may bring back the levels close to 0.5 FIB at $92,062. As long as Bitcoin is below 0.618 FIB and the POC on the volume profile, Bitcoin continues to remain in a bear market. Moreover, a Fair Value Gap has been formed around $87,000, which could be filled in the coming days. Hence, the market participants need to be vigilant as the Bitcoin (BTC) price volatility is expected to kick off during the monthly close.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta