Today
-0.77%
1 Week
+0.39%
1 Month
+1.69%
6 Months
-26.14%
Year to Date
+26.71%
1 Year
+55.42%
Opening Price
338.8Previous Closing Price
339.4Our preference: as long as 334.5 is support look for 358.
below 334.5, expect 325.6 and 320.4.
as long as 334.5 is support look for 358.
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.