Bitcoin Price Retraces To $66,736: Can Bulls Stage A Recovery?

Quick Summary:

Also, the 4-hour Composite Trend Oscillator indicates that BTC’s price may maintain its bearish trajectory toward the $66,736 mark, as the signal line has crossed below the SMA of the indicator, and both lines are currently attempting to move out of the overbought zone.

Finally, the 1-day composite trend oscillator indicates that BTC’s price remains bullish, as both the signal line and SMA of the indicator are attempting to rise above the zero line.

However, if BTC’s price drops to the $66,736 mark and closes below, it will continue to drop toward the $64,616 support level.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNorth KoreaNigerNigeria

Topics: BTCUSDT Btcusd SMA Bitcoin Bitcoin Composite Trend Oscillator Btc Simple Moving Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 10:30:42 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21726458

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #102

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