Bitcoin Traders Beware: Analyst Warns Of Potential Traps Amid Price Fluctuations
💹
On Crypto Banter's 'The Sniper Trading Show,' an analyst cautioned Bitcoin traders about potential traps amid recent price fluctuations. Bitcoin's price hovers around $57,403, up 2.4% in the past 24 hours but down 21.9% from its March peak. The Crypto Fear and Greed Index stands at a wary 28, signaling cautious buyer sentiment. The analyst advises watching longer time frames and critical resistance levels at $65,000 and $70,000, suggesting these could trigger bull traps to liquidate over-leveraged positions. Bitcoin's struggle to break the $60k-$61k resistance range is noted as a significant barrier. The analyst also mentions a potential uplift for altcoins should Bitcoin dominance dip further. Technical analyses hint at a possible short-term rebound to $58,300, while a contrasting opinion from CryptoQuant's CEO suggests market excitement might wane in the coming months but advises maintaining a long-term bullish outlook.
Source: www.newsbtc.com ↗
Vergelijkbare artikelen (85)
Bitcoin analysis warns BTC price risks 2023 rerun when stocks shed 10%
Bitcoin analysis warns BTC price risks 2023 rerun when stocks shed 10%
Bitcoin Price Poised for a Weak September, Analysts Say
Bitcoin analysis warns BTC price risks 2023 rerun when stocks shed 10%
Bitcoin Still At Risk Of Further Correction, CryptoQuant Head Says
Mirroring The Crash: Can Bitcoin Rise As Fast As It Fell?
Analyst Shares What to Expect Next in the Declining Bitcoin Price
Analysts Say Bitcoin's Decline is Short-Lived, and Predict How Long the Decline Could Continue!
Analyst Says Bitcoin's Decline Will Continue, Answers the Question "What is Needed for the Rally to Start?"
What is the Latest Situation in Bitcoin (BTC)? Will the Rise Continue or Will There Be Another Correction? Analysts Evaluated!
Bitcoin Price Analysis: Here’s What Next For BTC Price
Analyst Says Bitcoin (BTC) Bull in Danger Points to End of August!
Will Bitcoin’s Decline End Soon?
Bitcoin Analysts Expect Year-End Recovery
How Will Bitcoin (BTC) Price Move in the Coming Days? Deribit Analysts Explained!
Bitcoin Analyst Predicts Recovery
Expert Downplays Bitcoin’s Sub-30% Correction, Lists Positive Factors
Analysts See Bitcoin Rebounding
Analyst Says Danger Hasn’t Passed in Bitcoin, Shares What to Expect Next and Risks
Bitcoin (BTC) Price Decline May Not Be Over Despite Recent Recovery
Bitcoin Bounces Back: Analyst Predicts New ATH After $2.5 Billion Options Expiry
Is the Worst Over for Bitcoin? What is Needed for the Ascension to Continue? Analysts Announced!
Bitcoin’s 22% fall: How futures market data hints at recovery
Bitcoin Faces New Price Challenges
Crypto Analyst Predicts Bitcoin Bull Run as Hash Rate Drops
The Continuation of Bitcoin's Recovery Depends on These Conditions! Here are the Details…
‘Just be thankful Bitcoin exists,’ say analysts as BTC dreads $30K drop
Will the Bitcoin Price Decline Continue or Will it Rebound? Here’s What the Analytics Company Says
Why Is Bitcoin (BTC) Falling? Will the Decline Continue? This Week is Critical According to Analysts!
Analyst Anticipates Bitcoin Price Decline
Will the Fall in Bitcoin Continue? Analyst Referred to FTX Collapse, Shared His Expectations!
Bitcoin Price Prediction: Pattern Reveals Continuation Of Bloodbath As BTC Loses Major Support
Analyst Foresees Bitcoin Price Drop
Analysts See Potential Market Bottom for Bitcoin Amid Turbulence
Bitcoin Price Analysis: Expert Predicts Bullish Breakthrough Post-Japan Crash!
Analyst Predicts Potential Downtrend for Bitcoin
Analyst Highlights Bitcoin’s Current Challenges and Potential Recovery
Analysts Predict Bitcoin’s Rise Amid Rapid Losses
Analyst Predicts Bitcoin Price Drop Despite Current Uptrend
Experts Analyze Bitcoin Market Trends
Analyst Sees Market Correction as a Positive Development for Bitcoin
Analyst Predicts Bitcoin Price Dip Similar to November 2022
Analyst Addresses Bitcoin Sellers as Price Fluctuates
Analysts Predict Bitcoin’s Future Amid Market Fluctuations
Analysts Warn About Bitcoin Price Decline
Bitcoin Analysts Predict a Recovery by Year-End
Analysts Discuss Bitcoin’s Recent Performance and Market Signals
Analyst Discusses Bitcoin’s Struggles with Resistance Levels
Analysts Discuss Bitcoin’s Recent Performance and Market Signals
Analyst Predicts Potential Trend Reversal in Bitcoin Monthly Chart
Bitcoin Faces Increased Volatility and Potential Bear Market, Warns Analyst
Bitcoin Primed for Major Surge: Analyst Predicts Potential 3X Rally After Key Signal
Bitcoin’s 22.5% Plunge Sparks Bearish Sentiment, Setting the Stage for Future Bullish Trends
Bitcoin’s Secular Bull Market: Analyst Predicts Decades-Long Growth and Mainstream Adoption
Bitcoin’s Critical Crossroads: Will BTC Bottom Out or Face Further Decline?
Experienced Analyst Warns of Potential Extended Downtrends for Bitcoin
Bitcoin Hits Historic Low with -17% Negative Margin: Potential Dip Signals for Savvy Investors
Bitcoin Analyst Sensei Highlights Potential Bear Trap Amid Market Corrections
Analyst Who Predicted Bitcoin Bottom Warns of Further Decline for Bitcoin and Ethereum
Bitcoin Price Analysis: Is BTC Poised for a Breakout Despite Current Downtrend?
Bitcoin Faces Key Challenge as Analysts Eye Bull Market Support Band for Q4 Recovery
Bitcoin’s August Slump: Analysts Predict Recovery Post-Election Year Patterns
Bitcoin Bullish Reversal Possible if Key Downtrend is Flipped into Support, Says Analyst
Bitcoin Prices Hit Local Bottom Amid German Asset Sales, Analysts Predict Recovery
Bitcoin’s Recent Uptick Faces Uncertain Future Amid Bearish Technical Indicators: CryptoQuant Analysis
Bitcoin Price Analysis: Signs Point to Potential Recovery Amid Market Optimism
Bitcoin (BTC) Analysts Warn of Possible Trend Reversal Amid ‘Interesting’ Monthly Candle Formation
Bitcoin Facing Bearish Signals as Market Awaits Pre-Bull Correction
Cryptocurrency Strategist Bluntz Predicts Bitcoin (BTC) Drop Before Major Rally
Bitcoin Resilient Amid Sales Pressures, Analyst Recommends Taking Profit
Bitcoin Faces Continued Selling Pressure Amid Seasonal Weakness and Market Conditions, Analyst Warns
Bitcoin Shows Signs of Stability Post-Correction, Analyst Predicts Bullish Divergence
Bitcoin [BTC] Faces Crucial Q4: Will It Recover Above Bull Market Support Band?
Bitcoin Faces Local Bottom and Potential Recovery Amid Market Anxiety and FUD
Bitcoin (BTC) Faces Short-Term Dip but Long-Term Prospects Remain Strong: Analyzing Trends and Future Peaks
Crypto Analyst Warns of Potential 7% Bitcoin (BTC) Decline Amid Mixed Market Signals
Bitcoin Faces Historical Correction Risks Amid Economic Concerns, Analysts Warn
Bitcoin (BTC) Struggles Amid Economic Signals: Analysts Predict Further Decline
Analyst Warns of Bearish Bitcoin Signals Amid Surge in Social Sentiment
Bitcoin Shows Resilience Amid Market Fluctuations: Analysts Predict Potential Surge Before US Elections
Bitcoin Correction Expected Before Major Recovery, Says Top Crypto Analyst
Bitcoin (BTC) Recovery Faces Uncertainty: Bitfinex Analysts Warn of Potential Further Drops
Bitcoin Price Analysis: Consolidation or Quick Rebound Likely, Prolonged Downtrend Unlikely, Say Analysts
Bitcoin Price Recovery: Bernstein Analysts Predict Bullish Turn Amid Macro Factors
Fairlead Strategies Predicts Long-Term Bitcoin (BTC) Price Rebound Amid Market Downtrend