Wednesday, June 7, 2023
  • Home
  • Crypto
  • DEFI
  • NFT
  • Press Release
  • Contact Us
No Result
View All Result
No Result
View All Result
Home News

$10k Proves Tough For Bitcoin Bulls, What’s Next For BTC? ⋆ ZyCrypto

Betty Snyder by Betty Snyder
June 4, 2020
in News
0
$10k Proves Tough For Bitcoin Bulls, What
587
SHARES
3.3k
VIEWS

Advertisement
&nbsp

&nbsp
The $10,000 level has been and is still a critical level for Bitcoin throughout 2020. The digital asset has tried to break above this level several times and was rejected heavily by the bears every single time.

Bitcoin vs $10,000

You might also like

Prime Minister of Vietnam visits Genetica: Propelling Vietnam to the forefront of Asia’s Biotech Industry

FUNToken Announces a New pair on Binance – FUN

Meta Cricket League” – World’s First NFT Cricket Game All Set to Release Its Maiden NFT Collection

Hours ago, Bitcoin finally managed to break above this infamous resistance level and hit $10,380 in an explosive move after breaking the daily equilibrium pattern and confirming the weekly bull flag.

Unfortunately, the bullish move was cut off short and Bitcoin plunged all the way to $9,500. Bulls would really like to see more upward continuation and fast as the risk of a long squeeze and a more violent crash is certainly possible. The trading volume has also been quite low considering how critical this break was.

BTCUSD Chart By TradingViewEither way, Bitcoin is still bullish and inside a daily uptrend while breaking the weekly bull flag. The daily RSI is not overextended and the bears seem to be wide-awake for now.

Reverse Prospects

According to a recent tweet by ‘Santiment’, Bitcoin is enjoying a clear rise in its trading volume on the yearly timeframe. BTC is also seeing a rise in DAA and an up-and-down social volume, however, in the past month, Bitcoin has seen a decline in most of its volume. 

Additionally, Santiment has warned users and traders about Bitcoin’s latest move as the three metrics presented have mixed results. 

‘we advise staying cautious here and watching $BTC metrics to see which way momentum begins moving over this next week.’

Santiment also stated that it is ‘do or die’ moment for Bitcoin right now as there are only 2 main possibilities at play now. Bitcoin FOMO kicks in and pushes the digital asset to ATHs or profit takers start selling and hold Bitcoin below $10,000 which would be a horrible event considering how many times BTC has failed to break $10K.

Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram
DISCLAIMER Read MoreThe views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Previous Post

Why Blockstream’s Adam Back Is Convinced Bitcoin Will Shatter $300,000 Even Without Institutional Investors ⋆ ZyCrypto

Next Post

Bullish Sentiments For Bitcoin Reach Fever Pitch Despite $10k Slide ⋆ ZyCrypto

Betty Snyder

Betty Snyder

I’m a cryptocurrency and blockchain technology writer. My work has been featured in major publications such as CoinDesk, Bitcoin Magazine, and VentureBeat. I’ve been a respected voice in the cryptocurrency community and my insights into the industry have helped shape its development.

Related Posts

Prime Minister of Vietnam visits Genetica: Propelling Vietnam to the forefront of Asia’s Biotech Industry
News

Prime Minister of Vietnam visits Genetica: Propelling Vietnam to the forefront of Asia’s Biotech Industry

by Alverta O'Conner
March 14, 2023
FUNToken Announces a New pair on Binance – FUN
News

FUNToken Announces a New pair on Binance – FUN

by Alverta O'Conner
April 22, 2022
Meta Cricket League” – World’s First NFT Cricket Game All Set to Release Its Maiden NFT Collection
News

Meta Cricket League” – World’s First NFT Cricket Game All Set to Release Its Maiden NFT Collection

by Alverta O'Conner
April 21, 2022
Blockchain game StarMon announced important news on “NFT SEOUL 2022” in Korea. A new gameplay model will be launched
News

Blockchain game StarMon announced important news on “NFT SEOUL 2022” in Korea. A new gameplay model will be launched

by Alverta O'Conner
January 21, 2022
Blockchain

Metathon is calling for amazing DEVs and Degens!

by Betty Snyder
December 3, 2021
Next Post
Fear, Greed, and Uncertainty: Here are Some Major Sentiments Driving Cryptocurrency Prices Right Now

Bullish Sentiments For Bitcoin Reach Fever Pitch Despite $10k Slide ⋆ ZyCrypto

  • Why must you pick a white label crypto exchange solution than developing a new one?
  • Bitcoin Product Demos During the Halving – Bitcoin Magazine
  • Whitelabel Cryptocurrency Exchange platform and it’s 4 salient features!
  • Despite Chaos, The Next BTC Price Rally Could Be Spurred By This Little-Known Bitcoin Indicator
    Crypto Pundit reveals what will likely ignite another parabolic Bitcoin Rally ⋆ ZyCrypto
  • Which is Best Crypto Trading Bot Platform?
  • CoinSwap Space first DEX to provide crypto purchases directly onto any non-custodial wallet via Ramp Network

    CoinSwap Space first DEX to provide crypto purchases directly onto any non-custodial wallet via Ramp Network

    3772 shares
    Share 1509 Tweet 943
  • Altseason Pushed Further Back As Top Altcoins Fall Under Bitcoin’s Spell ⋆ ZyCrypto

    3738 shares
    Share 1495 Tweet 935
  • Filecoin and Polygon Deploy Interoperable Bridge To Expedite Web 3 Development

    3545 shares
    Share 1418 Tweet 886
  • The Cost Of Transacting With Bitcoin Has Dropped By Almost 90% Within A Month ⋆ ZyCrypto

    3320 shares
    Share 1328 Tweet 830
  • CoinSwap Opens Up New DeFi Opportunities With Their Certik Approved DEX

    3032 shares
    Share 1213 Tweet 758

About

Cryptoate site is a comprehensive resource for everything related to cryptocurrency and blockchain. We aim to be a one-stop solution for all your crypto and blockchain news and events.

Email: admin@cryptoate.com

Recent Posts

  • Securing Blockchain Technology-DeFi: Challenges & Solutions
  • DEGA Revolutionizes Fundraising with their Gamified Multichain Initial Stakepool Offering
  • Understanding Smart Contracts: The Foundation of DeFi Lending
  • Discover Staking Risks and Considerations
  • Bug Bounty Program Governance and Policy Frameworks

Catagories

  • Mining
  • Crypto
  • Press Release
  • Price Analysis
  • Cryptocurrency
  • Trading
  • Cryptocurrencies
  • Blockchain

Calender

June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    
  • About Us
  • Contact Us

Associated with Blockchain Press Media Network.

No Result
View All Result
  • Home
  • Crypto
  • DEFI
  • NFT
  • Press Release
  • Contact Us

Associated with Blockchain Press Media Network.