Express

Bitcoin Fails To Reclaim A Stable $12K, Bearish Speculations Emerge

Lily Yang

Summary: Bitcoin price dropped to $11,650 in recent days after breaking through the resistance level of $12,000. According to TradingView charts, Bitcoin attempted to breakout above $12,000 but failed to turn the price into a new support level, indicating former price rallies may be tapping the liquidity and stop/losses of short positions. Bearish speculations emerge as ...

Bitcoin price dropped to $11,650 in recent days after breaking through the resistance level of $12,000.

According to TradingView charts, Bitcoin attempted to breakout above $12,000 but failed to turn the price into a new support level, indicating former price rallies may be tapping the liquidity and stop/losses of short positions.

Bearish speculations emerge as investors and traders start to watch for more downsides.

By Lily Yang

Last Update:

Tags: ,
Link: Bitcoin Fails To Reclaim A Stable $12K, Bearish Speculations Emerge   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 7 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago
  • You need to login to comment.