• HOME
  • GUEST POST
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
Sunday, July 6, 2025
No Result
View All Result
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION
No Result
View All Result
Cover365
No Result
View All Result
Home CRYPTO

Bitcoin (BTC) Faces Critical Test: Will It Bounce or Break?

by Harry
1 year ago
in CRYPTO
Reading Time: 6 mins read
0 0
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedInShare on RedditShare on Pinterest

The Bitcoin price has been on a rollercoaster ride, and the recent failure to break out of its bull flag has left investors wondering about the next move. After a sharp decline last week, what lies ahead for the world’s leading cryptocurrency? Let’s dive into the details.

The Battle of Bulls and Bears

Bitcoin’s struggle to break free from its downsloping trend line has been evident. The question looms: Was the top set at $73,800 in March, and has BTC been weakening since then? While long-term predictions remain uncertain, it’s essential to remember that Bitcoin is still in a bull market until proven otherwise. Bull flags typically break upward, but this time, the resistance has been stubborn.

Bitcoin (BTC) Faces Critical Test: Will It Bounce or Break?
Bitcoin (BTC) Faces Critical Test: Will It Bounce or Break?

ETF Inflows vs. Hedge Fund Shorts

The tug-of-war between bulls and bears intensifies. Spot Bitcoin ETFs have absorbed a staggering $1.83 billion from the market recently. Simultaneously, hedge funds have aggressively shorted BTC. This battle will resolve soon, and the outcome could be decisive.

Short-Term Bounce Likely

In the short hourly timeframe, Bitcoin clings to crucial support at $69,000. A higher high formed last Friday, hinting at a potential bounce. But will it be enough to reverse the trend?

The Big Move

Zooming out to the daily chart, the uptrend since May 1 remains intact. However, the $69,000 support level is critical. Volume continues to decline, signaling an imminent big move. Will BTC surprise everyone by revisiting $60,000 one last time, or will it break through the bull flag and reach new all-time highs?

Harry

Harry

Related Posts

ripple labs federal reserve bank charter application
CRYPTO

Ripple Follows Circle in Push for National Bank Charter, Aims for Federal Reserve Access

20 hours ago
dinari tokenized stock trading 2025
CRYPTO

Dinari Becomes First U.S.-Licensed Onchain Broker-Dealer as SEC Opens Floodgates

1 week ago
pumpfun solana memecoin revenue chart defi llama
CRYPTO

PumpFun’s $4B Token Buzz Sparks Controversy—But Analysts Say $7B Might Be Just the Beginning

3 weeks ago
bitcoin etf institutional investors table
CRYPTO

Investment Advisors Dominate Bitcoin ETF Holdings as Institutional Interest Surges

3 weeks ago
Sui blockchain decentralized exchange Cetus Protocol hack recovery
CRYPTO

Sui Validators Overwhelmingly Approve Return of $162 Million to Cetus Protocol After Hack

1 month ago
Michael Saylor bitcoin conference Las Vegas 2025
CRYPTO

Michael Saylor Can’t Keep His $61.5 Billion Bitcoin Stash Secret

1 month ago
Next Post
The Impact of Physical Appearance on Academic Career Success: Unveiling Surprising Findings

The Impact of Physical Appearance on Academic Career Success: Unveiling Surprising Findings

Lingnan University and Hopson Education Charitable Funds Foster Research-Oriented Talents

Lingnan University and Hopson Education Charitable Funds Foster Research-Oriented Talents

SEARCH NEWS

No Result
View All Result

RECENT NEWS

  • Ripple Follows Circle in Push for National Bank Charter, Aims for Federal Reserve Access
  • Abhishek Bachchan Breaks Silence on Social Media Noise, Brushes Off Divorce Speculation
  • Alex Carey Holds the Fort with Gritty 63 as Australia Rebuilds in Grenada
  • Vidit Gujrathi vs TheLiverDoc: Twitter’s Latest “Doctor” Showdown
  • India Steady at 98/2 at Lunch in Edgbaston Test, Jaiswal Hits Fluent Fifty Amid Bumrah Absence
  • Sensex, Nifty Snap Four-Day Winning Streak as Profit-Taking Hits Bank Stocks
  • Chennai Super Kings’ Chase for Sanju Samson Sparks Massive IPL 2026 Trade Buzz
  • Tata Steel Shares Climb 16% in 2025 as Port Talbot Green Steel Project Gathers Pace
  • Sonic and Eggman Duck Plushies Get Deep Discounts on Amazon as Tubbz Collectibles Surge in Popularity
  • Modi Embarks on Rare 5-Nation Tour, Eyes Stronger Ties with Global South

ABOUT US

Cover365 Footer Logo

We are Google news approved website from India run by Group of Bloggers. We cover trending news topics and explore in-depth about the topics.

If you would like to promote your business or ads in our website, You can Contact us anytime at ceo.cover365@gmail.com

ADVERTISEMENT

We charge nominal cost to promote your business in our website. We accept following promotions that will help your business and improve your website SEO.

  • ADVERTISE
  • GUEST POST
  • SPONSORED ARTICLE
  • WRITE FOR US
  • HOMEPAGE LINKS
  • BANNER ADS
  • PRESS RELEASE

POPULAR CATEGORIES

Popular Categories in our website,

  • BUSINESS
  • FINANCE
  • CRYPTO
  • ENTERTAINMENT
  • SPORTS
  • EDUCATION
  • TECH
  • HEALTH
  • LIFESTYLE
  • TRAVEL
  • CASINO

SEARCH WEBSITE

No Result
View All Result

WEBSITE STATS

Cover365 Monthly Stats: (Will be updated every month)

  • Traffic: 100,000+ / Month
  • Website Age: 12 Years+
  • Google News Approved
  • 4+ Active Writers
  • High Quality Articles
  • HOME
  • GUEST POST
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY

© 2023 Cover365

No Result
View All Result
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION

© 2023 Cover365

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist