Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, June 20
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Two Major Bitcoin (BTC) Price Levels
    Bitcoin

    Two Major Bitcoin (BTC) Price Levels

    October 18, 20242 Mins Read


    Skyrocketing or Catastrophe: Two Major Bitcoin (BTC) Price Levels
    Cover image via www.freepik.com

    Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

    Right now, there are two significant liquidation thresholds that Bitcoin is positioned between, and knowing which way the price will go in the future is crucial. Key levels at roughly $68,900 and $66,000 that are likely to affect price action are highlighted on the Binance BTC/USDT liquidation heatmap. 

    The risk of heightened volatility rises as BTC approaches these thresholds, which serve as important liquidation points. Depending on which level is tested first, BTC may see a breakout or breakdown under such pressure from both directions. The higher level, approximately $68,900, corresponds to a significant resistance level.

    Article image
    BTC/USDT Chart by TradingView

    A new bullish wave may be initiated if Bitcoin surpasses this barrier and sees a sharp price increase. However, a decline below $66,000 might set off a chain reaction of selling that would push prices lower and possibly even cause a significant sell-off. Based on the given price chart, it is evident that Bitcoin has encountered difficulties in breaking above the $67,970 mark in recent times. 

    Related

    Veteran Trader Peter Brandt Reveals When Bitcoin Will Enter 'Banana Zone'

    Moving averages are also getting tighter on the chart; the 50, 100 and 200 EMAs in particular are all converging. Sharp price changes, either upward or downward, frequently precede this convergence. The trend of declining volume, which indicates hesitancy among traders, is even more worrisome. 

    This may suggest that even though there is a local uptrend for Bitcoin, strong buying momentum may keep it from breaking out of this narrow range. A breakdown would put the important support level at $66,000 to the test which, depending on its success, could either serve as a safety net or trigger a sharp decline. 

    With volatility predicted to spike higher as these thresholds get closer, the next move is probably going to be significant. Traders should be ready for swings either way, contingent on how Bitcoin responds to pressure in between these pivotal points.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWealthy consumers—boosted by income, home equity and stock market gains—are fueling U.S. spending surge
    Next Article London Stocks Dip Despite Weekly Gains On Rate Cut Hopes

    Related Posts

    Bitcoin

    Les FNB Bitcoin ont de l’élan avec le 8e jour consécutif d’entrées | ETF News

    June 19, 2025
    Bitcoin

    Le prix du bitcoin a du mal à récupérer la résistance – l’action latérale domine

    June 19, 2025
    Bitcoin

    La société Web plus intelligente stimule Bitcoin Holdings sur 346 BTC après avoir doublé la cible de collecte de fonds

    June 19, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Finance

    Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers

    July 11, 2024
    Finance

    Disney tops estimates, Super Micro computer sinks: Yahoo Finance

    August 7, 2024
    Utilities

    Fort Wayne City Utilities secures award for best tasting water in Indiana for 3rd year in a row

    October 24, 2024
    What's Hot

    MicroStrategy’s Saylor Battles Market Fire With Epic Post

    October 10, 2024

    Bitcoin (BTC) ETFs Saw Outflows During Crypto Price Crash, but Large Holders Bough the Dip

    August 6, 2024

    METALLIS COMMENCES PHASE 1 EXPLORATION PROGRAM AT GREYHOUND PROPERTY, IDAHO USA

    July 17, 2024
    Most Popular

    Algonquin Power & Utilities Corp. : BMO Capital neutre sur le dossier

    May 12, 2025

    South East ‘most difficult place to sell a property’ – CLAIM

    May 6, 2025

    Télécharger Puran Utilities (gratuit) Windows

    April 16, 2025
    Editor's Picks

    Bitcoin Just Underwent Major Trend Change, According to Economist and Trader Alex Krüger – Here’s His Outlook

    July 19, 2024

    New home prices climb across China’s big cities, boosted by stimulus, survey shows

    May 31, 2025

    China to Curb Imports of U.S. Films in Response to Trump Tariffs

    April 10, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

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