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 » Analyst Highlights the Most Crucial Bitcoin Level to Monitor at This Time
    Bitcoin

    Analyst Highlights the Most Crucial Bitcoin Level to Monitor at This Time

    By adminFeb. 28, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Analyst Highlights the Most Crucial Bitcoin Level to Monitor at This Time
    Analyst Highlights the Most Crucial Bitcoin Level to Monitor at This Time
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Crypto trader and analyst Kevin Svenson has shared his thoughts on Bitcoin’s potential price movement, suggesting a path to a potential bullish recovery.
    Aqua Ad Server Asynchronous JS Tag – Generated with Revive Adserver v5.5.2

    Svenson pointed out that for Bitcoin to regain upward momentum, it needs to break through a key resistance level and close above $90,000. In his latest video, Svenson explained that Bitcoin’s immediate goal is to close above a critical support line on the weekly chart, ideally around $87,500. He emphasized that a strong close above $90,000, which has previously served as a key bounce point, would be a strong bullish signal for the market.
    Aqua Ad Server Asynchronous JS Tag – Generated with Revive Adserver v5.5.2

    However, he cautioned that if Bitcoin fails to rise and hold above the $90,000 threshold, it could indicate weakening demand, signaling a potential breakdown of the upward trend.
    .dark-mode .read-more {background-color: #343a40 !important;}

    READ MORE:

    SEC Clarifies Memecoins Not Classified as Securities Svenson also speculated on Bitcoin’s future price behavior, suggesting that the cryptocurrency might experience a period of sideways movement, similar to a previous market rebound seen in August. He noted that while this may cause some market skepticism, he remains optimistic that Bitcoin will continue its upward trajectory over time.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleSEC Clarifies That Memecoins Are Not Considered Securities
    Next Article Changpeng Zhao Commits to Providing Liquidity for BNB Chain Memecoins While Declining Token Donations

    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.