Bitcoin Bears Target $60,000 Level As Price Continue To Decline

Quick Summary:

Bitcoin’s price on the 1-day chart is also actively bearish as it is presently trading below the 100-day Simple Moving Average (SMA) dropping towards the $60,158 support level with strong bearish momentum.

Current Market Overview For Bitcoin Currently, as it can be observed on the 4-hour chart the price of Bitcoin is actively bearish and has hugely dropped below the $64,515 support level.

On the other hand, if the price of BTC breaks below this support level, it will keep falling to test the $56,524 support level.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: Bitcoin Relative Strength Index Btc Bitcoin SMA RSI BTCUSDT Simple Moving Average Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 10:03:35 (4 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21365427

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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