Bitcoin Price Recovery Loses Steam: Are More Losses Ahead?

Quick Summary:

There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).

In the stated case, the price could rise and test the $102,500 resistance level.

Bitcoin price started another decline below the $100,500 zone.

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Article Details

Author / Journalist: Aayush Jindal

Category: Crypto

Markets: United KingdomMaldives

Topics: Bitcoin price Btcusd Bitcoin Xbtusd BTCUSDT Cryptocurrency Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 02:41:19 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 71 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25917367

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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