Bitcoin's recent price at $57,123 shows a 1.79% daily drop but a 5.31% weekly rise, with key levels and trends analyzed for future movements.
Rekt Capital, a well-known analyst,that Bitcoin needs to rally an additional 3.5% to close above $60,600 for a weekly candle close to reclaim the range low.
Analysts observed that Bitcoin’s price movements and volume trends were critical indicators for traders in understanding potential future directions.Rekt Capital’s analysis of Bitcoin’s historical performance from 2020 to 2024 indicated clear patterns following the halving events. These spikes coincided with fluctuations in Bitcoin’s price, indicating periods of high volatility and intense market activity.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin bulls gather strength above $61k, RSI indicates imminent breakout higherThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin rebounds above $61k after dip, analysts say further downside risks limitedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin price compresses below $61k after core PCE falls in line with expectationsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Why Bitcoin might soon reverse its June lossesBitcoin faces potential recovery from a downturn as highlighted in an analyst's predictions of an upcoming bullish breakout.
Read more »
Litecoin beats Bitcoin, Ethereum in usage, so why is LTC still bearish?Litecoin [LTC] has failed to earn investors profits as it continues to drop on the list of the top 30 cryptos.
Read more »
Bitcoin: Why a correction below $60k could be good news for BTC bullsBitcoin daily RSI jumped above 30, signaling a recovery, but liquidation heatmap data revealed that bears could force more losses soon.
Read more »