2024

Bitcoin

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Bitcoin faces bearish signals after losing $62K, with key support at $56K-$64K being tested.</strong></li> 
 <li><strong>Market cautious as Bitcoin’s technicals weaken, caught between liquidity and economic pressures.</strong></li> 
 <li><strong>Bitcoin’s RSI and MACD indicate declining momentum, with no imminent upside push.</strong></li> 
</ul> 
<p>Bitcoin (BTC) is experiencing a <a href="https://coinedition.com/crypto-slump-bitcoin-dips-ethereum-sees-outflows/">volatile</a> technical landscape as September begins. The cryptocurrency recently dropped below a crucial $62,000 monthly close, and the weekly chart now reveals a bearish collapse pattern.</p> 
<p>An analyst, Architect, noted that while technical indicators were not overtly positive, the situation may not be dire. Large buyers could still emerge this month, potentially preventing a steeper downturn. However, the technical backdrop doesn’t suggest any imminent upward price movement, keeping the market cautious.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> monthly first gave up a $62k close and now the weekly is dropping a bearish engulfing.<br><br>Best case scenario for Sept is rangebound with a retest of lows. We probably have large buyers show up this month, so all is not lost, but no one is going to be in a hurry with these… <a href="https://t.co/N199W5H4Bw" target="_blank" rel="nofollow">https://t.co/N199W5H4Bw</a></p>— Architect
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Architect9000) <a href="https://twitter.com/Architect9000/status/1830391164828311687?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The broad…</p>
<p>The post <a href="https://coinedition.com/bitcoins-key-support-levels-under-pressure-as-september-begins/">Bitcoin’s Key Support Levels Under Pressure as September Begins</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin’s Key Support Levels Under Pressure as September Begins

Coin Edition

Other articles published on Sep 2, 2024

Shiba Inu (SHIB) Exec Shares Crucial Insight Into Expected DAO Push

Unmasking the Signals: How a Certain Group’s Actions Spell Out Bitcoin Buying Prospects

Weekly Article Recap: 8/26-8/30

Important Binance Update Affecting Various Meme Coins: Details

Artemis Coin Set To Become the Future of Digital Marketplaces

The Rising Stars of Crypto: How MoonBag’s LBank Listing, Pawfury’s 1000% Presale Gains, and Simon...

Join our free newsletter for daily crypto updates!