Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

2025-05-18

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Amid Bitcoin’s struggles, BTC would need to break THIS level for a bull run
Altcoins

Amid Bitcoin’s struggles, BTC would need to break THIS level for a bull run

2024-10-10No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC needs to break $66,000 for a bullish run.
  • $5.64 billion in realized gains indicate strong market activity.

Bitcoin [BTC] continues to struggle within a descending parallel channel. From the optimism of a few days ago, it seems that there is no outbreak in sight.

After rejection at the upper limit, BTC could be headed for lower levels unless it hits one key price level.

THIS indicates a more bearish run

BTC’s last price encountered resistance and was rejected from the upper limit of the descending parallel channel at 66K.

The rejection at the upper limit brings into view the middle limit of the channel, which is at $58,000, or in the worst case even the lower limit at $52,000.

Source: TradingView

Market participants looking for a breakout in the direction of the bulls will need to see BTC close above $66,000 – a price resistance level that has proven to be formidable.

Realized profits stimulate market activity

The Bitcoin market is still so active. Based on the last 24 hours’ performance alone, the recorded profit of $5.64 billion was a key indicator of large-scale profit taking.

The rebound signals that investors are making money, which will likely create downward pressure in the near future.

Source:

Bitcoin social sentiment is spiking

In addition to the aforementioned statistics, social sentiment surrounding BTC has also exploded in recent times, according to data from Santiment.

Much of the fuss could be due to new speculation about Satoshi Nakamoto, the mysterious creator of Bitcoin.

While a jump in Bitcoin’s social sentiment could fuel short-term volatility, the chances of sustaining a long-term price increase without first getting above $66,000 are minimal.

Source: Santiment


Read Bitcoin’s [BTC] Price forecast 2024–2025

See also  $3.4B Bitcoin Is at Risk – Will This Cause BTC to Fall to $95K?

While realized gains and social sentiment indicate a vibrant market, the technical outlook for BTC remains unclear. The $66,000 mark is the key level to watch for a breakout.

Until then, market participants should prepare for possible drops to $58,000 or even $52,000.

Next: Dogecoin’s Struggle Continues, But Will There Be A 2021-Style Bull Run?

Source link

Bitcoins Break BTC Bull level run struggles
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18

Dogecoin Prise Tests Panic zone at $ 0.21, the breakdown can lead to price crash

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Weekly winners and losers of Crypto Market – XCN, WIF, PI, op

2025-05-18
Add A Comment

Comments are closed.

Top Posts

FC Barcelona secures $132 investment for blockchain and NFT venture

2023-08-11

More than 40% of crypto industry participants expect Bitcoin to cross $100,000 this cycle: CoinGecko survey

2024-07-27

SEC Commissioner Hester Peirce says the Trump administration must do three things to boost the crypto industry

2024-12-11
Editors Picks

Binance whale sells, but Bitcoin -my workers can add market pressure

2025-03-12

Terra Classic Community burns a whopping 700 million LUNC and 230,000 USTC

2024-01-22

Russia is considering permanently legalizing stablecoins for cross-border payments

2024-07-03

SubQuery launches decentralized RPCs on Testnet

2024-01-18

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,606.620.30%
  • ethereumEthereum(ETH)$2,386.64-3.69%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.35-0.25%
  • binancecoinBNB(BNB)$639.31-0.51%
  • solanaSolana(SOL)$165.59-0.82%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2199831.91%
  • cardanoCardano(ADA)$0.73-1.34%
  • tronTRON(TRX)$0.262935-3.19%
  • suiSui(SUI)$3.760.35%
  • chainlinkChainlink(LINK)$15.17-1.41%
  • avalanche-2Avalanche(AVAX)$21.93-1.33%
  • stellarStellar(XLM)$0.282146-1.60%
  • hyperliquidHyperliquid(HYPE)$25.94-1.73%
  • shiba-inuShiba Inu(SHIB)$0.0000140.48%
  • hedera-hashgraphHedera(HBAR)$0.189895-0.81%
  • unus-sed-leoUNUS SED LEO(LEO)$8.650.32%
  • bitcoin-cashBitcoin Cash(BCH)$392.33-1.08%
  • the-open-networkToncoin(TON)$3.05-0.60%
  • litecoinLitecoin(LTC)$97.230.80%
  • polkadotPolkadot(DOT)$4.56-1.22%
  • moneroMonero(XMR)$341.520.69%
  • bitget-tokenBitget Token(BGB)$5.122.00%
  • pepePepe(PEPE)$0.0000135.31%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.731.63%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.770.45%
  • bittensorBittensor(TAO)$404.99-4.21%
  • aaveAave(AAVE)$217.82-1.24%
  • nearNEAR Protocol(NEAR)$2.700.34%
  • okbOKB(OKB)$52.21-1.71%
  • aptosAptos(APT)$4.95-2.30%
  • ondo-financeOndo(ONDO)$0.91-0.99%
  • kaspaKaspa(KAS)$0.108693-0.37%
  • internet-computerInternet Computer(ICP)$5.09-1.14%
  • ethereum-classicEthereum Classic(ETC)$17.81-1.75%
  • gatechain-tokenGateToken(GT)$21.50-0.58%
  • crypto-com-chainCronos(CRO)$0.096210-1.11%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.770.60%
  • mantleMantle(MNT)$0.730.53%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232123-0.23%
  • vechainVeChain(VET)$0.027650-0.37%
  • render-tokenRender(RENDER)$4.47-1.37%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.3645650.98%
  • algorandAlgorand(ALGO)$0.2172340.70%
  • filecoinFilecoin(FIL)$2.78-0.39%
  • cosmosCosmos(ATOM)$4.720.05%
  • bitcoinBitcoin(BTC)$103,606.620.30%
  • ethereumEthereum(ETH)$2,386.64-3.69%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.35-0.25%
  • binancecoinBNB(BNB)$639.31-0.51%
  • solanaSolana(SOL)$165.59-0.82%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2199831.91%
  • cardanoCardano(ADA)$0.73-1.34%
  • tronTRON(TRX)$0.262935-3.19%
  • suiSui(SUI)$3.760.35%
  • chainlinkChainlink(LINK)$15.17-1.41%
  • avalanche-2Avalanche(AVAX)$21.93-1.33%
  • stellarStellar(XLM)$0.282146-1.60%
  • hyperliquidHyperliquid(HYPE)$25.94-1.73%
  • shiba-inuShiba Inu(SHIB)$0.0000140.48%
  • hedera-hashgraphHedera(HBAR)$0.189895-0.81%
  • unus-sed-leoUNUS SED LEO(LEO)$8.650.32%
  • bitcoin-cashBitcoin Cash(BCH)$392.33-1.08%
  • the-open-networkToncoin(TON)$3.05-0.60%
  • litecoinLitecoin(LTC)$97.230.80%
  • polkadotPolkadot(DOT)$4.56-1.22%
  • moneroMonero(XMR)$341.520.69%
  • bitget-tokenBitget Token(BGB)$5.122.00%
  • pepePepe(PEPE)$0.0000135.31%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.731.63%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.770.45%
  • bittensorBittensor(TAO)$404.99-4.21%
  • aaveAave(AAVE)$217.82-1.24%
  • nearNEAR Protocol(NEAR)$2.700.34%
  • okbOKB(OKB)$52.21-1.71%
  • aptosAptos(APT)$4.95-2.30%
  • ondo-financeOndo(ONDO)$0.91-0.99%
  • kaspaKaspa(KAS)$0.108693-0.37%
  • internet-computerInternet Computer(ICP)$5.09-1.14%
  • ethereum-classicEthereum Classic(ETC)$17.81-1.75%
  • gatechain-tokenGateToken(GT)$21.50-0.58%
  • crypto-com-chainCronos(CRO)$0.096210-1.11%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.770.60%
  • mantleMantle(MNT)$0.730.53%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232123-0.23%
  • vechainVeChain(VET)$0.027650-0.37%
  • render-tokenRender(RENDER)$4.47-1.37%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.3645650.98%
  • algorandAlgorand(ALGO)$0.2172340.70%
  • filecoinFilecoin(FIL)$2.78-0.39%
  • cosmosCosmos(ATOM)$4.720.05%