bitcoin
Bitcoin (BTC) $ 67,427.07
ethereum
Ethereum (ETH) $ 3,527.10
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 597.82
xrp
XRP (XRP) $ 0.591712
cardano
Cardano (ADA) $ 0.436858
usd-coin
USDC (USDC) $ 0.999856
matic-network
Polygon (MATIC) $ 0.541203
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.13546
okb
OKB (OKB) $ 43.02
polkadot
Polkadot (DOT) $ 6.37
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.134421
uniswap
Uniswap (UNI) $ 7.99
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,421.06
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 73.61
staked-ether
Lido Staked Ether (STETH) $ 3,527.44
solana
Solana (SOL) $ 173.83
avalanche-2
Avalanche (AVAX) $ 28.79
chainlink
Chainlink (LINK) $ 14.21
cosmos
Cosmos Hub (ATOM) $ 6.54
the-open-network
Toncoin (TON) $ 7.32
ethereum-classic
Ethereum Classic (ETC) $ 24.11
leo-token
LEO Token (LEO) $ 5.69
filecoin
Filecoin (FIL) $ 4.74
bitcoin-cash
Bitcoin Cash (BCH) $ 397.03
monero
Monero (XMR) $ 164.57
bitcoin
Bitcoin (BTC) $ 67,427.07
ethereum
Ethereum (ETH) $ 3,527.10
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 597.82
usd-coin
USDC (USDC) $ 0.999856
xrp
XRP (XRP) $ 0.591712
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.13546
cardano
Cardano (ADA) $ 0.436858
solana
Solana (SOL) $ 173.83
matic-network
Polygon (MATIC) $ 0.541203
polkadot
Polkadot (DOT) $ 6.37
tron
TRON (TRX) $ 0.134421

Top Analyst Issues Bitcoin Warning, Says Monthly Close Below This Level Would Be Catastrophic for BTC

Must Read

A prime dealer who rode the 2023 crypto breakout warns that Bitcoin (BTC) bulls have a few week to avert a doubtlessly catastrophic situation.

Pseudonymous analyst DonAlt tells his 532,100 followers on the social media platform X that Bitcoin’s month-to-month chart may be very near flashing a powerful bearish sign.

The dealer shares a chart exhibiting that BTC was rejected on the excessive time-frame resistance of $70,000, suggesting that Bitcoin’s multi-month rally from round $20,000 could also be coming to an finish.

“Month-to-month wants to shut inexperienced in any other case that’s a powerful promote sign on an important excessive time-frame we’ve received.

An in depth beneath $56,000 could be catastrophic.

[Seven] days to go, good luck bulls.”

Image

Supply: DonAlt/X

Zooming in, DonAlt says that Bitcoin bulls should maintain BTC’s instant help at $65,000 to have a shot at ending the present correction. In any other case, DonAlt warns that BTC is liable to seeing costs beneath $60,000.

“Bulls tried however to this point haven’t managed to make any vital progress An in depth beneath $65,000 would possibly as properly be a detailed beneath $60,000 in my view… Bulls and bears preventing it out on the final line of protection.”

Image

Supply: DonAlt/X

Wanting on the dealer’s chart, he seems to counsel that Bitcoin is at present forming a head-and-shoulders formation – a technical sample which will foreshadow the start of a downtrend.

At time of writing, Bitcoin is buying and selling for $64,592.

Generated Picture: Midjourney

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

How powerful are AI-based multi-strategy trading models?

The cryptocurrency market is thought for its volatility and inefficiencies. These inefficiencies current quite a few revenue alternatives, however...
- Advertisement -

More Articles Like This