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 $62,000 monthly close, and the weekly chart now reveals a bearish collapse pattern.</p> 
<p>An analyst, Architect, noted that while technical indicators were not overtly positive, the situation may not be dire. Large buyers could still emerge this month, potentially preventing a steeper downturn. However, the technical backdrop doesn’t suggest any imminent upward price movement, keeping the market cautious.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$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>
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<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

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