Crash

bullish

Bitcoin

Flash

<ul class="wp-block-list">
  
 <li>Bitcoin's recent rally brings it close to two critical resistance levels at $86,000 and $79,000, which may act as key support or resistance zones.</li>   
 <li>Analysts anticipate potential short-term market volatility, including a possible flash crash, as part of typical liquidity rebalancing in crypto markets.</li>   
 <li>The $64,700 support level is crucial for sustaining Bitcoin’s bullish momentum; a drop below it could indicate a deeper pullback before further gains.</li> 
</ul>   
<p>The recent increase in Bitcoin has led to analysis of the market assessing whether it will breach the $100k peak soon or even within the shorter time of the week. According to the chart below, since the U.S. elections in 2020, Bitcoin has experienced motivating upsurge, and from the technical perspective, there are signs to show a deliberately bullish trend in the short run.&nbsp;</p>   
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   https://twitter.com/CryptoMichNL/status/1856977874885988824 
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<h2 class="wp-block-heading" id="h-bitcoin-s-surge-towards-100-000">Bitcoin's Surge Towards $100,000</h2>   
<p>In the recent weeks, the <a href="https://cryptonewsland.com/bitcoins-latest-ath-93434-36-spurs-bullish-100000/" target="_blank" rel="noreferrer noopener">Bitcoin</a> price has risen due to the growing confidence in the bitcoin markets as well in the financial markets. Currently Bitcoin is at around $86000 and $79000, these are levels of interest, could be support or resistance in the short-term around the points of interest. Consolidation above these levels may lead Bitcoin significantly higher towards the $100, 000-mark, which is a psychological figure traders and investors look to.</p>   
<h2 class="wp-block-heading" id="h-short-term-risks-market-volatility-and-flash-crashes">Short-Term Risks: Market Volatility and Flash Crashes</h2>   
<p>There are some voices on the market that have expressed their concern regarding the situation such as a flash crash throughout the market. This type of correction would temporarily push prices down, maybe to increase liquidity as indicated below;&nbsp;</p>   
<p>Such a move is consistent with our experiences where in very<a href="https://cryptonewsland.com/bitcoin-faces-volatile-market-moves-as-key-levels-signal-uncertainty/" target="_blank" rel="noreferrer noopener"> volatile markets</a> such as the Cryptocurrencies, dips within a particular period may accord the opportunity to balance pressures on buying and selling before the upturn. As pointed out, this corrective phase might occur in the next one to two weeks at most; thus, it will be both dangerous and beneficial for trading activity.</p>   
<p>Some of the levels that traders should look at in the case of a pull back is also shown on the chart. A specific area of emphasis is $64 700 recognized as an area to hold. This zone has been recognized before as the support area, and the situation above it is still constructive for the further strengthening of the bullish trend in BTC. On the other hand, if Bitcoin price fails to hold above this zone, then it could be a sharp decline, meaning that any bounce back to the upside could take longer.</p> 
<p>The post <a href="https://cryptonewsland.com/flash-crash-on-the-horizon-bitcoin-traders-eye-critical-64-7k-support/">Flash Crash on the Horizon? Bitcoin Traders Eye Critical $64.7K Support</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Flash Crash on the Horizon? Bitcoin Traders Eye Critical $64.7K Support

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