Rally

Satoshi

Bitcoin

Show

Coin

<p>Bitcoin’s (BTC) price action has sparked discussions among crypto analysts, as the asset experiences a pullback after breaking out from its trend. While some view this correction as a natural occurrence, traders are closely monitoring key support levels to gauge the potential for a continuation of the upward trajectory. Amidst the market dynamics, influential voices in the crypto space offer their insights, shedding light on the Bitcoin narrative.</p>
<p><strong>RELATED: </strong><a href="https://captainaltcoin.com/bitcoin-price-analysis-top-trader-warns-of-an-imminent-btc-correction-heres-their-outlook/" target="_blank" rel="noopener noreferrer nofollow"><strong>Bitcoin Price Analysis: Top Trader Warns of an Imminent BTC Correction – Here’s Their Outlook</strong></a></p>
<h2 class="wp-block-heading" id="strong-bitcoin-btc-price-analysis-strong"><strong>Bitcoin (BTC) Price Analysis</strong></h2>
<p>Scient, a crypto analyst, <a href="https://x.com/Crypto_Scient/status/1799198270503149875" target="_blank" rel="noopener noreferrer nofollow">described the Bitcoin price movements</a> as a <em>“normal pullback</em>” post-trend breakout. He explained that the market is testing and flipping the 4-hour trend to the upside during this correction.&nbsp;</p>
<p>Scient highlighted that this drop necessitates further consolidation and potentially another low before an upward movement. He pinpointed the $67,000 to $67,700 range as crucial for bids, with stop-losses placed below the observable wicks.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXftMVFParjXlZ6y5PEtT3FSqw3irG8wdIdoUcFpa6R9gleGpt3rjSIq56tqvgXLuyp4zdtZA44SV-Ww_0CzCtRf4LckQti7ltKZwfpzCUi1dRKVuK-BDbhAEo4FRdrwXxLz_HAvoFzk5Uqepa8ZvU-hEUpr?key=_lQ_eEEdxiEYucDb6aFhOQ" alt="">
</figure>
<p>Moreover, according to Scient, maintaining the $67,000 support level is vital for an upward continuation. Losing this support could lead to a decline towards the $65,000 mark, which may not hold, potentially driving the price back to the $60,000 range.</p>
<p>Echoing a slightly different sentiment, Crypto Feras <a href="https://x.com/CryptoFeras/status/1799147147839021201" target="_blank" rel="noopener noreferrer nofollow">emphasized</a> that despite another rejection at the supply zone, the broader outlook remains unchanged. He stated that the $82,000 target is still plausible.&nbsp;</p>
<p>However, he underscored the importance of the $67,000 to $68,000 support zone for bulls to maintain their position. His advice was simple: “<em>hold &amp; chill,”</em> suggesting patience and a long-term perspective amid short-term fluctuations.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-the-crypto-market-down-2/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why is The Crypto Market Down?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-btc-price-prediction-and-market-sentiment-strong"><strong>BTC Price Prediction and Market sentiment</strong></h2>
<p>Adding another analysis, Mikybull Crypto <a href="https://x.com/MikybullCrypto/status/1799152179267227735" target="_blank" rel="noopener noreferrer nofollow">identified the current market behavior</a> as a <em>“simple shake-out”</em> rather than a cause for concern. He noted that the cup-and-handle price pattern remains intact, which is typically a bullish signal.&nbsp;</p>
<p>Nevertheless, he cautioned against leveraging until Bitcoin closes above the weekly resistance, indicating a more prudent approach for traders during this volatile period.</p>
<p>The consensus among these analysts highlights the significance of the $67,000 support level. Scient and Crypto Feras agree that holding this level is crucial for any upward movement.&nbsp; If this support fails, Scient predicts a fall to the $60K, while Crypto Feras maintains that the target of $82K is still viable, suggesting potential volatility ahead.</p>
<p><em><strong>Join&nbsp;<a href="https://captainaltcoin.com/go/aethir/" target="_blank" rel="noopener noreferrer nofollow">Aethir’s exclusive airdrop</a>&nbsp;and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-btc-price-correction-analysts-eye-67k-support-for-a-potential-rally-to-this-next-target/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Correction: Analysts Eye $67K Support for a Potential Rally to This Next Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin (BTC) Price Correction: Analysts Eye $67K Support for a Potential Rally to This Next Target

Table of Contents

CaptainAltcoin

Other articles published on Jun 8, 2024

AI Tokens Attract Investors with Promising Potential

LATAM Crypto Roundup: El Salvador Celebrates 3 Years with BTC, Cardano Enters Argentina, BTR Shut...

These Cryptos Could Surpass Notcoin’s Three-Digit Gains

15% and 112% – What these percentages mean for WIF’s price

Investors Show Interest in AI Tokens

200 BDAG Daily & a 30,000x ROI? BlockDAG X10 Mining Rig Will Change Your Life; BlockDAG vs. Bitco...

Join our free newsletter for daily crypto updates!