Bitcoin dips to $61K range, encourages buying spree among BTC fish, dolphins and sharks

Bitcoin price has been slowly proceeding toward lower boundaries of range to test support. Holders with between 100 and 1000 BTC are buying more. A falling wedge pattern suggests 20% upside potential for Bitcoin price. Bitcoin price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade. In this shakeout moment, data shows that large holders are using the correction to buy up BTC.

The position of the Awesome Oscillator in negative territory also accentuates this stance, typically signifying a bearish trend in the market. These show that the downward trend may persist in the near term. Accordingly, Bitcoin price could continue the fall to the $60,660 support level or lower, providing another buying opportunity in the $50,000 range.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Another $700 Million in Liquidations as Bitcoin (BTC) Dumps to $61K, Altcoins Bleed OutCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $61KBTC dominance is creeping upwards as Layer-1s and Artificial Intelligence tokens had a rough week, while Google search interest in the halving skyrockets.
Source: CoinDesk - 🏆 291. / 63 Read more »

Disappointing Launch Day for Hong Kong’s Bitcoin, Ethereum ETFs as BTC Slumps Below $61KCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin and Ether options worth $2.4B set to expire today, max BTC pain at $61KThe Bitcoin options contract had a put-call ratio of 0.50 while the Ether options contract had a PCR of 0.37.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin traders set six-figure price targets after BTC reclaims $61KBitcoin’s market structure and on-chain data suggest that BTC price is facing stiff resistance around the $64,000 area.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin reclaims $61K as whales snap up 47,000 BTC in one dayBitcoin (BTC) price is closing the week in the green after a significant climb on Friday, a turnout that is unsurprising to most considering the meme coin sector had hinted as much on Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »