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Bitcoin At Risk Of Deeper Correction – Could A $65,000 Retest Be Imminent?

Bitcoinist LogoBitcoinist2w ago

Bitcoin At Risk Of Deeper Correction – Could A $65,000 Retest Be Imminent? - Bitcoinist

Quick Summary:

Bitcoin‘s recent price action has sent ripples through the cryptocurrency market, raising concerns among investors as the leading digital asset undergoes a significant correction.

After an impressive rally, the focus now shifts to whether Bitcoin can maintain its upward momentum or will face a critical test at the $65,000 support level.

Although it trades above the 100-day SMA, this downtrend signals a weakening bullish strength, indicating that sellers have gained control and are driving the price lower.

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Bitcoin At Risk Of Deeper Correction – Could A $65,000 Retest Be Imminent? - Bitcoinist (Picture 1)Bitcoin At Risk Of Deeper Correction – Could A $65,000 Retest Be Imminent? - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 01:00:45 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23372704

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin At Risk Of Deeper Correction – Could A $65,000 Retest Be Imminent?" was covered 2 weeks ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #23372704
  • URL: https://beamstart.com/news/bitcoin-at-risk-of-deeper-17305976011436

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