Bitcoin / TetherUSShort
BTC Attempts to Retrace
Bitcoin (BTC) is currently attempting to retrace its recent gains. While Bitcoin dominance is showing signs of an upward trend, and (MACD) indicator is indicating potential bullish momentum, a sudden market sell-off or liquidation event could trigger a price decline. Such a scenario could potentially pave the way for a subsequent rally and a new all-time high or touch the 99K again.
The subsequent low will depend on the depth of the potential price decline.
If the price drops below $90,600, it could result in a temporary bottom. However, if the price holds above $91,000, it may signal continued bullish momentum and potentially lead to a new all-time high.
The subsequent low will depend on the depth of the potential price decline.
If the price drops below $90,600, it could result in a temporary bottom. However, if the price holds above $91,000, it may signal continued bullish momentum and potentially lead to a new all-time high.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.