A Bitcoin Correction Towards $55,000 Likely At The End of ...
bitcoinist.com › a-bitcoin-correction-towardsKey Bitcoin Price Outlook. Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond yields undermined the dollar and prompted bitcoin’s climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower this Friday on signs of firmer yields and a rebounding dollar.
Here’s When the Next Nasty Bitcoin Correction Could Happen ...
dailyhodl.com › 2021/11/01 › heres-when-the-nextNov 1, 2021 · Crypto analyst and trader Nicholas Merten is working out when the next big Bitcoin (BTC) correction could take place. In a new strategy session, Merten says his expectations for the rest of Bitcoin’s bull cycle are likely more conservative than most analysts. The analyst says that the $100,000 level will probably act as a massive point of resistance for Bitcoin, and potentially trigger a significant correction should it be hit.