Major

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/is-bitcoin-facing-a-major-price-drop-2" data-wpel-link="internal">Is Bitcoin Facing a Major Price Drop?</a><br></p>
<p style="text-align: justify">Current indicators suggest a possible downturn for <a href="https://en.bitcoinhaber.net/mt-gox-shifts-affect-bitcoin-price" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/vaneck-files-solana-etf" data-wpel-link="internal">BTC</a>), with significant price declines on the horizon. A black Marubozu candlestick pattern, identified on Wednesday, highlights a bearish trend. The recent retreat from the resistance threshold of $107,000 to $109,000 has triggered a short-term reversal pattern that signals further declines.</p> 
<h2 style="text-align: justify" id="what-does-the-short-term-trend-indicate">What Does the Short-Term Trend Indicate?</h2> 
<p style="text-align: justify">Bitcoin is currently exhibiting a head and shoulders pattern on its four-hour chart. Coupled with a bearish divergence in the Relative Strength Index (RSI), these formations imply that a continued downward trajectory is likely in the near future. Crucial support lies between $101,000 and $99,500, where Bitcoin may find a temporary halt.</p> 
<h2 style="text-align: justify" id="are-market-signals-mixed-or-clear">Are Market Signals Mixed or Clear?</h2> 
<p style="text-align: justify">Despite the recent enthusiasm from the inauguration of U.S. President Trump, who is perceived favorably towards cryptocurrencies, the market has experienced a momentary slowdown, as many traders opted to “sell the news.” Nonetheless, major institutional players such as MicroStrategy and BlackRock are still accumulating Bitcoin, while short-term traders are shifting their focus to altcoins, indicating a potential altcoin season.</p> 
<p style="text-align: justify">• A black Marubozu candlestick indicates a bearish trend.<br> • Head and shoulders pattern suggests near-term declines.<br> • Key support levels are between $101,000 and $99,500.<br> • Institutional investment continues, but retail focuses on altcoins.</p> 
<p style="text-align: justify">Market participants must remain vigilant, paying close attention to both macroeconomic factors and technical signals as price volatility persists. The coming days will be crucial for determining Bitcoin’s direction in light of shifting investor sentiment and external economic pressures.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/is-bitcoin-facing-a-major-price-drop-2" data-wpel-link="internal">Is Bitcoin Facing a Major Price Drop?</a></h5>

Is Bitcoin Facing a Major Price Drop?

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