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Showing posts with the label price crash

Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000?

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Bitcoin Fails at MA-200: Is a $52,000 Crash Imminent?

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Bitcoin’s recent price movements have raised alarms in the crypto market. The leading cryptocurrency failed to break through the 200-day moving average (MA-200) resistance level after hitting $66,000, sparking fears of a potential price crash. Also Read: U.S. Prosecutors File First-Ever Crypto Market Manipulation Charges! Bitcoin’s Market Volatility: Trading Tips Amid Price Crash Concerns Source: investmentmonitor.ai / Photo by maxtrks28/Shutterstock Technical Indicators Signal Bearish Trend Bitcoin couldn’t overcome the MA-200 and $64,000-$65,000 resistance. This failure eventually caused a descending channel formation. Support levels are now sitting at $60,000, $59,250, and $57,700. Resistance remains at the $62,745 value and $64,955 respectively. RLinda, a market analyst, had the following statement to make: “A correction after the impulse is forming and the price may test the imbalance and liquidation zone.” Market Factors Driving Bearish Outlook The we...
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