Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»According to the indicator, the next stop could be $53,541
EXCHANGE NEWS

According to the indicator, the next stop could be $53,541

By Crypto FlexsSeptember 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
According to the indicator, the next stop could be ,541
Share
Facebook Twitter LinkedIn Pinterest Email

This article is also available in Spanish.

Bitcoin Pressure is building as a key indicator signals a possible drop to $53,541. The cryptocurrency is struggling to gain a foothold in the volatile market as sellers gain momentum and technical charts flash red.

Traders are watching closely to see if the downtrend will continue or if a reversal will occur. horizon BTC is hovering near a key support level. The next few days could be crucial in determining Bitcoin’s short-term trajectory.

Bitcoin is facing an increasing situation. sales pressureIn this article, we look at recent bearish signals and analyze the key technical indicators that influence price action. Potential Dropping to $53,541. By reviewing the key support levels to watch, we can gain insight into whether BTC will stabilize or continue its decline.

At the time of writing, Bitcoin was trading at around $56,691, down 4.04%, with a market cap of over $1 trillion and a trading volume of over $31 billion. In the last 24 hours, BTC’s market cap has fallen by 3.96%, while its trading volume has surged by 22.55%.

Analysis of BTC’s recent price movements and key indicators

On the 4-hour chart, Bitcoin is showing a strong downtrend. momentum After failing to break above the $60,152 mark, the price fell below the 100-day simple moving average (SMA). The price is currently attempting to fall to the $53,541 mark. If the cryptocurrency successfully breaks above this key level, a more pronounced downtrend could begin, potentially sending the price down to another important support level.

Bitcoin falls after failing to break $60,152 | Source: BTCUSDT on Tradingview.com

Also on the 4-hour chart, the Relative Strength Index (RSI) has fallen below the 50% mark and is currently sitting at 32%. This decline highlights the uptrend. Bear-like This suggests that momentum is building and selling pressure may intensify.

On the daily chart, BTC is showing a significant downtrend, printing two bearish momentum candlesticks below the 100-day SMA. This downtrend reflects strong selling pressure and negative market sentiment, increasing the likelihood that BTC will soon reach $53,541.

Bitcoin
BTC forms a bearish candlestick while trending below the 100-day SMA | Source: BTCUSDT on Tradingview.com

Finally, the 1-day RSI shows that the bearish pressure on BTC is intensifying. The signal line recently fell below 50% and currently sits at 39%. signal Selling pressure on digital assets is growing and pessimism is growing.

Investor Outlook: Brace for a Potential Bitcoin Downturn

Downward pressure is building. key Indicators pointing to further declines suggest Bitcoin could drop to $53,541. If the cryptocurrency breaks this level, it could signal a bigger bearish move, potentially sending the price above the next support level of $50,604.

However, if Bitcoin reaches the support level of $53,541 and an uptrend appears, recoveryThe price may start to rise towards the resistance level of $60,152. If it successfully breaks this resistance level, resistance There is a possibility that BTC will test its all-time high of $73,811, and if it breaks above this level, it could set a new record.

Bitcoin
BTC Trading $56,847 on 1D Chart | Source: BTCUSDT on Tradingview.com

Featured image from iStock, charts from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Blessing or curse on the encryption market?

March 28, 2025

New Voting-Revenue Meme Coin ‘Flockerz’ Launches Presale – Next-Generation 10x Potential Cryptocurrency

October 1, 2024

How to Buy Laptops and Gaming PCs with Cryptocurrency (2023)

February 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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