BTCUSD (H1) : NOW IT MAY CAN FALL NEAR 62000.00 USD.
The current price of Bitcoin (BTC) is approximately $63,974 USD, and it has fallen by about 0.31% in the past 24 hours. If the price stays above $60,200, the next potential targets are $62,000 and $63,500, with a support level below at $59,000. Keep an eye on the market trends and consider other coins as well to make informed trading decisions. 📈💰
Resistance Rejection : If the price fails to break above a significant resistance level (e.g., $65,000), it could signal weakness.
Death Cross ☠️: A death cross occurs when the 50-day moving average crosses below the 200-day moving average. Traders often interpret this as a bearish signal.
Regulatory Fears 📜: Any negative regulatory news or crackdowns on cryptocurrencies can lead to selling pressure.
Market Sentiment Shift 😟: If overall market sentiment turns bearish, Bitcoin may follow suit.
Profit-Taking 💸: After a strong rally, traders might take profits, causing a pullback.
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