Today
+9.13%
1 Week
+1.55%
1 Month
+2.87%
6 Months
-25.29%
Year to Date
+28.18%
1 Year
+57.22%
Opening Price
312.7Previous Closing Price
312.2Alternative scenario: below 333.9, expect 325.1 and 319.9.
the downside breakout of 333.9 would call for 325.1 and 319.9.
as long as 333.9 is support look for 356.5.
Bitcoin price remained supported above the $58,500 level. BTC formed a base and started another increase above the $60,000 resistance zone after the Fed surprised with a 0.50% rate cut.
On-chain data shows the Bitcoin Active Addresses metric has plunged to very low levels recently. Here’s what this could mean for the asset’s price.
Bitcoin price attempted a recovery wave above the $57,500 level. However, the bears were active near the $58,500 resistance level. A high was formed at $58,508 and the price started another decline.
As September opens, Bitcoin confronts a pivotal moment with significant challenges looming. The cryptocurrency concluded August at $58,975, marking an 8.75% drop for the month—its sharpest decline in six months.
After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again.
Bitcoin price extended losses below the $58,500 support zone. BTC is struggling and could continue to move down toward the $55,000 support zone.