Analyst: Expected to continue probing down to $58,000
According to analyst Ali at X, Bitcoin is currently in a downward parallel channel. After encountering resistance at the upper boundary recently, it may test down to the centerline of $58,000 or even lower to $52,000. If Bitcoin's price cannot break through $66,000, it will be difficult to see a strong rebound in the short term. This fluctuation reflects the market's cautious expectations for Bitcoin's short-term trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed Minutes Lean Hawkish as Powell’s Speech Set to Reveal Rate Cut Outlook
Fed Mouthpiece: July Meeting Shows Overall Hawkish Sentiment, More Officials Open to September Rate Cut
Analysis: A Few Officials Hint They May Join the Rate-Cut Camp in September
Fed Meeting Minutes Show Broad Support for Decision to Hold Rates Steady
Trending news
MoreCrypto prices
More
