Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-bitcoin-price-trends-and-investor-concerns/" data-wpel-link="internal">Recent Bitcoin Price Trends and Investor Concerns</a><br></p>
<p style="text-align: justify">In recent days, the <strong>cryptocurrency</strong> market, especially the performance of <a href="https://coin-turk.com/bitcoinde-her-sey-degisti-eski-halving-dongusu-artik-gecerli-degil-mi" data-wpel-link="internal">Bitcoin</a>, continues to draw investor attention. However, the latest updates indicate that <a href="https://en.coin-turk.com/bitcoin-price-september-ends-with-surprising-stability-as-historical-data-shows-positive-trend/" data-wpel-link="internal">Bitcoin</a>‘s price is targeting a new monthly low. Although Bitcoin has recently struggled to stay above the $65,000 region, the price has started to fall again. Now, there is a greater risk of a further decline below $62,000.</p> 
<h2 style="text-align: justify" id="current-state-of-bitcoin-prices">Current State of Bitcoin Prices</h2> 
<p style="text-align: justify">Examining the current situation of the <a href="https://coin-turk.com/kripto-paralar-fed-sonrasi-hareketleniyor-beklenti-ne-yonde" data-wpel-link="internal">cryptocurrency</a> Bitcoin, it is observed that after failing to surpass the $64,000 resistance area, the price entered another decline. Currently, the price is trading below the $64,500 level and the 100-hour Simple Moving Average.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-345606 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bitcoin-coin-turk-com-1-1.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/goldman-sachstan-bitcoin-degerlendirmesi-btcde-100-000-dolarlik-fiyat-beklentisi-gerceklesecek-mi" data-wpel-link="internal">BTC</a></strong>/USD pair’s hourly chart highlights a significant downtrend line set at $63,350 resistance. If the daily close occurs below the $62,400 support area, the price could decline further.</p> 
<h2 style="text-align: justify" id="key-levels-to-watch-for-bitcoin">Key Levels to Watch for Bitcoin</h2> 
<p style="text-align: justify">Bitcoin’s price attempted to rise above the $64,000 region but failed to surpass the $65,000 resistance area. The highest level recorded was $64,301, while the price again experienced a drop, falling below the $62,500 level.</p> 
<p style="text-align: justify">Immediate resistance in the <a href="https://en.coin-turk.com/bitcoin-price-predictions-directed-by-speculations/" data-wpel-link="internal">BTC</a>/USD pair is positioned near the $63,350 level or the trend line. However, an increase in price could be expected if it surpasses major resistances at $64,000 or $64,300. In this case, a clear move above the $65,000 resistance area could continue to push the price upwards.</p> 
<h2 style="text-align: justify" id="decline-causes-investor-anxiety">Decline Causes Investor Anxiety</h2> 
<p style="text-align: justify">The recent downward trend in the price of <strong>Bitcoin</strong>, the flagship of cryptocurrencies, is causing investor anxiety. Accordingly, Bitcoin, unable to rise above the $63,350 resistance area, may continue to follow a downward trajectory.</p> 
<p style="text-align: justify">Currently, the most urgent support level is around $62,400. However, if prices fall below this level, the $62,000 level will become significant. If this level is breached, a further decline to around $61,200 can be expected. In this scenario, a move towards the $60,000 support area could be seen in the near term.</p> 
<p style="text-align: justify">Technical analyses show that the hourly MACD is gaining momentum in the bearish zone. Similarly, the hourly RSI (Relative Strength Index) for BTC/USD is also trending below the 50 level. The main support levels are determined at $62,400 and then $62,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/recent-bitcoin-price-trends-and-investor-concerns/" data-wpel-link="internal">Recent Bitcoin Price Trends and Investor Concerns</a></h5>

Recent Bitcoin Price Trends and Investor Concerns

Table of Contents

COINTURK NEWS

Other articles published on Apr 29, 2024

Shiba Inu Might Be on Verge of Reversal as 470 Trillion SHIB Support Looms

2024’s Hottest Multi-Chain Meme Coin Surpasses $12 Million in Presale – ClayBro Video Update

Can this move help Avalanche to recover from 35% dump?

Bitcoin: Peter Brandt predicts $160,000, but doubts persist

Dogecoin set for a surprise rally? Here are key indicators to watch

The First WEB3 Fishing Game “FishVerse” Announces Oversubscribed Fundraising & IDO

Join our free newsletter for daily crypto updates!