Bitcoin Price Prediction: BTC Faces Pressure as Bulls Struggle to Regain Momentum
- Bitcoin consolidates near $101K, facing resistance below key EMAs and October highs.
- BTC futures open interest hits $68.82B, signaling rising leveraged investor activity.
- Exchange outflows persist, showing long-term holding despite brief inflow-driven rallies.
Bitcoin (BTC) trades near $101,358 as it struggles to regain momentum after retreating from its October highs. The price remains under selling pressure, moving below key exponential moving averages (20, 50, 100, and 200-EMA). This setup signals a continuation of short-term weakness despite brief rebounds seen earlier in the week.
Price Consolidation and Technical Levels
Bitcoin continues consolidating around the $99,000 to $105,000 range, showing limited volatility after recent declines. Immediate support lies at $98,953, a critical level where buyers previously stepped in to slow losses. A break below thi…
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Bitcoin Price Prediction: BTC Faces Pressure as Bulls Struggle to Regain Momentum
- Bitcoin consolidates near $101K, facing resistance below key EMAs and October highs.
- BTC futures open interest hits $68.82B, signaling rising leveraged investor activity.
- Exchange outflows persist, showing long-term holding despite brief inflow-driven rallies.
Bitcoin (BTC) trades near $101,358 as it struggles to regain momentum after retreating from its October highs. The price remains under selling pressure, moving below key exponential moving averages (20, 50, 100, and 200-EMA). This setup signals a continuation of short-term weakness despite brief rebounds seen earlier in the week.
Price Consolidation and Technical Levels
Bitcoin continues consolidating around the $99,000 to $105,000 range, showing limited volatility after recent declines. Immediate support lies at $98,953, a critical level where buyers previously stepped in to slow losses. A break below thi…
Read The Full Article Bitcoin Price Prediction: BTC Faces Pressure as Bulls Struggle to Regain Momentum On Coin Edition.
Read More
Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play