This rejection sent BTC into a rapid decline, raising concerns among traders and market observers alike.

New Resistance Emerges As Key Level Breaks

Following the failed attempt to breach 109,400 dollars, Bitcoin also lost the 108,791-dollar support, falling as low as 107,500 dollars. With this shift, 108,791 now acts as a fresh resistance point, while the next critical support lies near 107,000 dollars.

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Analysts warn that if this support fails, BTC could continue its slide toward the 105,000-dollar range, marking a deeper correction in the short term. Such a move could trigger further selling and a rise in bearish sentiment.

What Should Investors Watch For?

Given the recent developments, caution is advised. Technical indicators are weakening, and declining trading volumes suggest a drop in market confidence. Holding the 107,000-dollar support is essential for a potential rebound.

Should that level give way, Bitcoin may face accelerated losses. Investors are urged to manage risk carefully and set clear stop-loss levels to protect against further downside volatility.

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The post Bitcoin Breaks Key Support: Is a Deeper Drop on the Horizon? appeared first on Coin Engineer.

Bearish Indicators and Market Imbalances

Predicting using Bennett’s approach, one may concentrate on the dynamics of Bitcoin price in the previous several days, which still shows that the price maintains within the limits without clearly showing a propensity to vary between support and resistance levels. Bitcon is in a negative area, he said, having passed a notable trend line extending from October 2023. Furthermore showing smaller accumulation and more selling pressure than previous occasions are deviations noticeable on February 26 and 27.

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Bennett claims that the depth below $56,500 increases the size of the possibility set for a stock. The investor goes further to suggest that markets tend to migrate towards regions with greater traffic or the places of buying and selling that concentrate more activity, making it more plausible for the price of Bitcoin to drop down below $ 60000.

Potential for a Bullish Reversal

Bennett notes the likelihood of a positive turn-around should Bitcoin get beyond $72,000, therefore capturing liquidity at higher prices despite the negative view. Still, he thinks this possibility less plausible given the state of the market right now. “Although I have supported cryptocurrencies since I entered the scene in 2020, facts remain facts. Bennett said that the stock market is the only thing stopping crypto from spiraling off a cliff and that the charts look terrible.

Shifting Investor Sentiment and Ethereum’s Rise

Other experts, such crypto researcher Ali Martinez, have noted a diminishing trend in the demand for Bitcoin by the investors. Martinez discovered that an indicator of changing demand: exchange linked on-chain operations fell drastically and the Bitcoin network was not as active as it once was. Martinez claims that based on social mentions and expectations for the Ethereum Spot ETFs, the investors are now paying more attention to Ethereum. This might bring a lot of money into the Ethereum market and so the price is probably going to surge.

Martinez has not spared Bitcoin from his pessimistic prediction of the BTC from trading over $60,000 into the lows of $54,930.

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The post Analysts Predict Potential Bitcoin Decline to $52,000 Amid Bearish Market Signals appeared first on Coin Engineer.

Bitcoin, Ethereum, and altcoins have been on the decline ahead of the US inflation data and FED interest rate decision to be announced tomorrow.

At this point, while ETH has gone down to $3,530, the selling pressure on ETH prices may increase further.

The CryptoQuant analyst, who stated that Ethereum futures traders are selling aggressively, shared a chart showing the 7-day moving average of the Buyer Sell Ratio, which measures the actions of buyers against sellers.

According to this chart, a value above one indicates buyer dominance, while a value below one indicates aggressive selling. The analyst, stating that the value is currently below one, meaning that sellers are dominant in the market, said that this chart shows that the majority of futures traders are aggressively selling Ethereum for speculative purposes or to make a profit.

The analyst, who stated that this chart shows that the majority of futures traders are aggressively selling Ethereum for speculative purposes or to make a profit, stated that this is a bearish signal for ETH.

“As Ethereum’s price tries to break above $4,000, investors should follow the behavior of futures market participants.

The chart shows the 7-day moving average of the Buyer Sell Ratio, which assesses its relative aggressiveness against sellers.

A value above one indicates buyer dominance, while a value below one indicates aggressive selling.

As can be seen from the chart, the ratio could not rise above one and has been falling rapidly in recent days.

This trend shows that the majority of futures traders are aggressively selling Ethereum for speculative purposes or to make a profit.

This significant decline in the metric is a bearish trend signal for ETH, suggesting that the current downward reversal could continue if this trend persists.”

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The post Ethereum Investors Beware! appeared first on Coin Engineer.