HomeBitcoinBitcoin Holds Steady at $67K, Analysts Predict 10% Price Drop for BTC...

Bitcoin Holds Steady at $67K, Analysts Predict 10% Price Drop for BTC Soon


Bitcoin (BTC) Hits $67,000 as Liquidity Strengthens: Resistance Levels and Price Predictions

Bitcoin (BTC) surged to $67,000 on May 19, with liquidity around the spot price strengthening as the week came to a close. The cryptocurrency saw gains of over 10% month-to-date, with resistance levels now crystallizing around $70,000.

Popular trader Daan Crypto Trades highlighted the $72,000 mark as the largest resistance zone, with significant liquidity concentrated around $66,500 and $67,800. He also emphasized the importance of Bitcoin’s 100-day moving average as a long-term support level.

Analyst Rekt Capital expressed optimism for Bitcoin’s future, suggesting that a mere 1% increase in price could lead to a new chapter in the bull market. However, fellow trader Credible Crypto took a more conservative stance, predicting a potential 10% dip in BTC price, with a retest of $60,000 or lower likely.

Should Credible Crypto’s scenario play out, altcoins could face even greater losses. Investors are advised to conduct their own research and exercise caution when making investment decisions.


XRP Outperforms BTC, SOL, and ETH on Binance, Coinbase, and Kraken in Key Metric

XRP Surpasses Bitcoin, Solana, and Ethereum in Trade Volume on Major Exchanges The cryptocurrency market is buzzing with excitement as XRP, the digital asset associated...

Asset manager predicts that Trump administration could designate Bitcoin as a strategic reserve asset

Bitcoin's Potential as a Strategic Reserve Asset Under a Future Trump Administration Asset manager Bryan Courchesne recently made a bold prediction on CNBC, suggesting that...

What crypto policies might potential Vice Presidents under Kamala Harris bring to the table?

Potential Democratic and Republican Candidates for the 2024 Presidential Election The 2024 presidential race is heating up as experts predict that United States Vice President...

Kaiko predicts that Ethereum price will be influenced by ETF inflows in the near future

Spot Ether ETF Inflows Expected to Impact Price Sensitivity, Says Kaiko The launch of spot Ether ETFs is set to shake up the crypto market...

Most Popular