Tag Archives: Bitcoin’s
Is Bitcoin’s End Game Near? Bears Flirt with $60K as More Downside Looms in Coming Weeks
Top Stories Tamfitronics Analysts are raising alarms about Bitcoin’s current price action, noticing a significant bearish signal on the charts. As Bitcoin continues to pull back from overbought levels, it’s moving closer to oversold territory, raising concerns among traders.According to analyst Josh of Crypto World, Bitcoin is once again facing rejection at a critical resistance line. This isn’t a new phenomenon; the cryptocurrency has encountered similar resistance multiple times over the past six months. For a more bullish outlook in the longer term, Bitcoin must break above the $67,000 to $68,000 range. Until that happens, the current sentiment remains bearish.A significant factor contributing to this downturn is the recent spike in the U.S. Dollar Index (DXY). Historically, an uptick in the DXY has been a bearish signal for Bitcoin, and this pattern is reemerging. He...
