Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » Bitcoin and Ethereum Price Alert from Top Trading Firm
    Bitcoin

    Bitcoin and Ethereum Price Alert from Top Trading Firm

    By adminJun. 23, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Bitcoin and Ethereum Price Alert from Top Trading Firm
    Bitcoin and Ethereum Price Alert from Top Trading Firm
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A well-known cryptocurrency trader predicts that the key support level of Bitcoin will be broken before it rises again.

    The trader, known as “流馬” or “別名別名” on the social network X (Twitter), stated that multiple Bitcoin indicators suggest that the $60,000 support level cannot hold before a trend reversal occurs in the leading cryptocurrency.

    “I am very confident that Bitcoin will once again fall below $60,000. Despite being in the middle of a range, continued consolidation and weakening demand almost always push prices down before they rise vertically again.”

    Previously, the trader mentioned that in his opinion, the same applies to Bitcoin (BTC) and Ethereum (ETH), as they create a bear trap, a trend where an asset shows continuous downward movement before a significant upward trend, misleading short-sellers.

    Read more:

    When it comes to both Bitcoin and Ethereum, the trader predicts that their rises will be short-lived.

    “This applies to Bitcoin and Ethereum as well. I believe they may soon hit bottom and rebound before falling again.”

    At the time of writing this article, Bitcoin was trading at $64,298, and Ethereum was trading at $3,496.

    The trader also noted that his short-term bullish outlook extends to the wider altcoin market.

    “It is worth mentioning that while it is reasonable to be bearish on altcoins in the medium to long term as they peaked months ago and collective sentiment is catching up now, they may be closer to a temporary bottom than anything else.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleJapanese Bank Liquidates 63 Billion Worth of Bonds Dealing a Blow to the US and Europe
    Next Article Cardano continues blockchain advancements but price remains stagnant

    Related Posts

    Bitcoin Market Shows Signs of Cooling in Week 32 as Liquidity Diminishes and Sellers Lose Momentum

    Aug. 6, 2025

    Binance BTC Metrics Indicate Decreasing Sell Pressure and Possible Market Recovery

    Aug. 5, 2025

    Potential Tax Reform for Bitcoin Mining Indicated in White House Crypto Report May Transform the Industry

    Aug. 5, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.