Bitcoin Decouples From Gold as Crypto Bearish Phase Intensifies
Technical indicators suggest tougher times could be ahead for the crypto market as investors favor traditional safe-haven assets like gold over bitcoin.
Technical indicators suggest tougher times could be ahead for the crypto market as investors favor traditional safe-haven assets like gold over bitcoin.
Sandbox's SAND token is facing a bearish descending triangle pattern, signaling potential further downside for the altcoin. Key resistance levels and technical analysis insights are provided.
ApeCoin's breakout from its descending channel pattern has sparked bullish hopes, but a push above $0.87 is crucial to sustain momentum and target the 200-day EMA.
Bitcoin could see a correction below the $50,000 mark in September due to declining trading volumes and slowing ETF inflows, but analysts expect a rally to new highs afterwards.
As the cryptocurrency market continues to experience volatility, traders are adapting their strategies to navigate the dynamic landscape.
Bitcoin's price continues to face bearish pressure amid the broader crypto market downturn. Explore the key BTC price levels below $55,000 that could provide support and potential bounce areas.
Bitcoin price targets are increasingly pointing to a potential retest of last month's lows as BTC faces formidable resistance levels.