Token

Memecoin

Bitcoin

Show

<p>In recent developments, Bitcoin has encountered a setback by slipping below a critical supply zone, marked between $41,200 and $42,400. This zone holds significance as it encompasses holdings from a substantial 1.87 million addresses, amassing a total of 730,000 BTC, according to crypto trader <a href="https://twitter.com/ali_charts/status/1736680326141816895" target="_blank" rel="nofollow">Ali</a>.</p> 
<p>The breach of this key level raises concerns as it may prompt these holders to offload their assets, a move often motivated by a desire to minimize losses.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="373" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-1024x373.png" alt="" class="wp-image-401690" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-1024x373.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-300x109.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-768x280.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-1536x560.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-2048x747.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-411x150.png 411w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-100x36.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-960x350.png 960w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508-788x287.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-508.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The prevailing selling pressure has the potential to instigate a further decline, with attention drawn to the next significant demand zone lying in the range of $37,500 to $38,700.</p> 
<p>Within this lower range, approximately 1.28 million addresses are safeguarding 553,000 BTC. Monitoring the trajectory of Bitcoin’s price movement in the coming days will be crucial, as increased selling pressure could lead to a descent into this identified demand zone.</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">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp;
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </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>Install the <a class="thirstylink" rel="nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank">take action</a></strong> right now!</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>Investors and analysts alike are keeping a close watch on these developments, recognizing the importance of these key support and resistance levels in shaping Bitcoin’s short-term future. Stay tuned for further market insights as the situation unfolds.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/bitcoin-correction-coming-according-to-experts-btc-price-could-plunge-30-to-key-support-levels/" target="_blank" rel="noreferrer noopener">Bitcoin Correction Coming According to Experts, BTC Price Could Plunge +30% to Key Support Levels</a></li> 
 <li><a href="https://captainaltcoin.com/shiba-inu-shib-price-could-spike-over-30-if-this-crucial-support-holds/" target="_blank" rel="noreferrer noopener">Shiba Inu (SHIB) Price to Spike Over 30% If This Crucial Support Holds</a></li> 
 <li><a href="https://captainaltcoin.com/coinbase-lists-bonk-token-new-pump-incoming-or-is-this-memecoin-presale-a-better-bet/" target="_blank" rel="noreferrer noopener">Coinbase Lists $BONK Token — New Pump Incoming or Is This Memecoin Presale a Better Bet?</a></li> 
</ul> 
<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/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" 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-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </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/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/bitcoin-falls-below-key-supply-zone-analyst-says-btc-could-hit-37500-if-this-happens/">Bitcoin Falls Below Key Supply Zone, Analyst Says BTC Could Hit $37,500 If This Happens</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bitcoin Falls Below Key Supply Zone, Analyst Says BTC Could Hit $37,500 If This Happens

Tabla de contenidos

CaptainAltcoin

Otros artículos publicados el 18 dic 2023

XRPL Xumm Wallet Completes Major Upgrade, Rebrands to Xaman

FTX Liquidates Over $500 Million in Crypto, Reveals Billion-Dollar Payout to Creditors

ADA’s Bullish Run Marks Cardano Milestone; Emerging AI Altcoin to Hit $10M in Presale Soon

Is XRP spot ETF the next big move for Wall Street?

10 years ago, “HODL” was born, the word that defined cryptocurrency

What is the Solana Saga Phone and Why Bonk Tokens Are So Popular?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!