Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-bitcoin-price-trends-and-investor-concerns/" data-wpel-link="internal">Recent Bitcoin Price Trends and Investor Concerns</a><br></p>
<p style="text-align: justify">In recent days, the <strong>cryptocurrency</strong> market, especially the performance of <a href="https://coin-turk.com/bitcoinde-her-sey-degisti-eski-halving-dongusu-artik-gecerli-degil-mi" data-wpel-link="internal">Bitcoin</a>, continues to draw investor attention. However, the latest updates indicate that <a href="https://en.coin-turk.com/bitcoin-price-september-ends-with-surprising-stability-as-historical-data-shows-positive-trend/" data-wpel-link="internal">Bitcoin</a>‘s price is targeting a new monthly low. Although Bitcoin has recently struggled to stay above the $65,000 region, the price has started to fall again. Now, there is a greater risk of a further decline below $62,000.</p> 
<h2 style="text-align: justify" id="current-state-of-bitcoin-prices">Current State of Bitcoin Prices</h2> 
<p style="text-align: justify">Examining the current situation of the <a href="https://coin-turk.com/kripto-paralar-fed-sonrasi-hareketleniyor-beklenti-ne-yonde" data-wpel-link="internal">cryptocurrency</a> Bitcoin, it is observed that after failing to surpass the $64,000 resistance area, the price entered another decline. Currently, the price is trading below the $64,500 level and the 100-hour Simple Moving Average.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-345606 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bitcoin-coin-turk-com-1-1.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/goldman-sachstan-bitcoin-degerlendirmesi-btcde-100-000-dolarlik-fiyat-beklentisi-gerceklesecek-mi" data-wpel-link="internal">BTC</a></strong>/USD pair’s hourly chart highlights a significant downtrend line set at $63,350 resistance. If the daily close occurs below the $62,400 support area, the price could decline further.</p> 
<h2 style="text-align: justify" id="key-levels-to-watch-for-bitcoin">Key Levels to Watch for Bitcoin</h2> 
<p style="text-align: justify">Bitcoin’s price attempted to rise above the $64,000 region but failed to surpass the $65,000 resistance area. The highest level recorded was $64,301, while the price again experienced a drop, falling below the $62,500 level.</p> 
<p style="text-align: justify">Immediate resistance in the <a href="https://en.coin-turk.com/bitcoin-price-predictions-directed-by-speculations/" data-wpel-link="internal">BTC</a>/USD pair is positioned near the $63,350 level or the trend line. However, an increase in price could be expected if it surpasses major resistances at $64,000 or $64,300. In this case, a clear move above the $65,000 resistance area could continue to push the price upwards.</p> 
<h2 style="text-align: justify" id="decline-causes-investor-anxiety">Decline Causes Investor Anxiety</h2> 
<p style="text-align: justify">The recent downward trend in the price of <strong>Bitcoin</strong>, the flagship of cryptocurrencies, is causing investor anxiety. Accordingly, Bitcoin, unable to rise above the $63,350 resistance area, may continue to follow a downward trajectory.</p> 
<p style="text-align: justify">Currently, the most urgent support level is around $62,400. However, if prices fall below this level, the $62,000 level will become significant. If this level is breached, a further decline to around $61,200 can be expected. In this scenario, a move towards the $60,000 support area could be seen in the near term.</p> 
<p style="text-align: justify">Technical analyses show that the hourly MACD is gaining momentum in the bearish zone. Similarly, the hourly RSI (Relative Strength Index) for BTC/USD is also trending below the 50 level. The main support levels are determined at $62,400 and then $62,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/recent-bitcoin-price-trends-and-investor-concerns/" data-wpel-link="internal">Recent Bitcoin Price Trends and Investor Concerns</a></h5>

Recent Bitcoin Price Trends and Investor Concerns

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