Today news
About the same in other media
Bitcoin's failed breakout means it could fall an additional 12% if it drops below key $58,000 support level, technical analyst says
Reading now: 645
markets.businessinsider.comNurphoto
A failed breakout in bitcoin could spell more downside ahead for bitcoin as it looks to consolidate a recent 15% decline, according to Fairlead Strategies' Katie Stockton.
Bitcoin hit record highs in early November, eclipsing its prior April record of $65,000 and reaching about $69,000 before it tumbled to as low as $58,400. According to Stockton, the price action in bitcoin represents a failed breakout, and more downside could be imminent.
That's if bitcoin fails to hold key support near $58,000, Stockton told Insider. Bitcoin successfully tested this important support level on Tuesday and early Wednesday, which is a good sign for bullish crypto investors.
And while the recent pullback was sharp, it «has not impacted our positive
Read more on markets.businessinsider.comAbout this in other media
Bitcoin Capital launches actively managed Bitcoin, Ether ETPs on SIX Swiss Exchange ambcrypto.com /3 years ago
Cryptocurrency Prices today on December 2: Bitcoin, Ethereum, Binance Coin, XRP fall while Solana rises moneycontrol.com /3 years ago
Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
