Bitcoin

Coin

<ul class="news-points">
 <li>Joe DiPasquale warns Bitcoin could drop to $50k if $60k support breaks.</li>
 <li>Grant Tungate emphasizes the importance of the $55k-$58k support zone.</li>
 <li>William Noble predicts a fall to $56.2k if Bitcoin fails to reclaim $61.1k.</li>
</ul>
Bitcoin’s key support levels are under scrutiny as analysts predict potential price declines that could ripple across the cryptocurrency market, according to the latest <a href="https://www.forbes.com/sites/digital-assets/2024/06/24/bitcoin-technical-analysis-whats-next-if-the-cryptocurrency-breaks-below-the-60000-level/" target="_blank" rel="noopener noreferrer nofollow">Forbes analysis</a>.
Forbes’ analysis emphasized Bitcoin’s critical support levels that may become relevant if the world’s largest cryptocurrency falls below its current threshold. The predictions, shared by leading industry experts, suggest potential price dips that could reverberate throughout the market.
Joe DiPasquale, CEO of BitBull Capital, stated that if Bitcoin breaches the crucial $60,000 support level, it could plummet to $50,000. This suggests a cautious outlook for the broader market, as Bitcoin’s price movements often influence other cryptocurrencies.
Grant Tungate, Head of Business Development at Blockforce Capital, identified the key support zone between $55,000 and $58,000. He emphasized the significance of the 200-day moving average, currently at $57,500, as a…
The post <a href="https://coinedition.com/top-analysts-predict-bitcoins-next-price-moves-warning-of-potential-market-downturn/" rel="noopener noreferrer nofollow">Top Analysts Predict Bitcoin’s Next Price Moves, Warning of Potential Market Downturn</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Top Analysts Predict Bitcoin’s Next Price Moves, Warning of Potential Market Downturn

Coin Edition

Andre artikler publisert på 25. juni 2024

Mt. Gox Creditors Prepare for Bitcoin and Bitcoin Cash Repayments

$WBTC Expands to Solana via Wormhole

Cardano Up More Than 5% In 24 hours

Can TON flip Solana and take over the blockchain’s popularity?

Iceland’s crypto industry has promising future, but faces energy challenges

Crypto Investors Face Massive Losses

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!