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]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 3 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 7 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 22 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 29 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.