Cryptocurrency

Bitcoin ETF

Bitcoin

<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin" class="f-link">Bitcoin</a> saw a downside correction from its recent peak of $73,835 against the US Dollar.</li>
 <li>Bitcoin price continued its decline below both the $65,000 level and the 38.20% Fibonacci retracement level.</li>
 <li>On the daily chart, $BTC price dropped below both the $62,000 support and the 50% Fibonacci retracement level.</li>
 <li>A "valid" bearish divergence formation is evident in the Bitcoin daily chart.</li>
 <li>Bitcoin ETF outflows surged for the second consecutive day, indicating a decline in investor confidence ahead of the #FOMC meeting.</li>
 <li>Bullish momentum is anticipated if #Bitcoin holds above the $60,000 support level, with a target to challenge the upper resistance at $68,500.</li>
 <li>Failure of bullish recovery may result in a drop below the $60,000 support, with bears potentially pushing the price down to test $55,500 next week.</li>
 <li>The key question looming is whether bears will persist in driving $BTC prices lower.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, Bitcoin #Price Prediction 2030 foresees a climb to $250,000, while Bitcoin Price Prediction 2040 foresees a rise to $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $62,300-$63,400
SUPPORT LEVEL : $60,700-$59,000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin Price Prediction: Is This the Turning Point for BTC?

Coingabbar

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