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Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity? Newsbtc 1 апта бұрын

Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity? 📉

Bitcoin

Bitcoin's price has sharply declined by close to 10%, sinking below the $100,000 level and trading under $99,500 and its 100 hourly moving average. This fall highlights concerns of panic among investors, yet the fluctuation may present a buying opportunity.

A significant bearish trend line is forming with resistance pegged at $96,200 on the BTC/USD chart. The currency might increase if it remains over $90,000, testing critical support zones. Analysts observe a low at $90,944, with the price consolidating above $92,500 briefly.

If Bitcoin fails to rise above the $95,000 resistance, it risks further decline, targeting $88,500 support. Indicators like the hourly MACD show a bearish pace, reflecting current market volatilities.

Дереккөз: www.newsbtc.com ↗

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