support level Archives - Coin Engineer

Bitcoin Warning: $62,000 Scenario Back on the Table

Yeliz Akmaca — Tue, 20 Jan 2026 07:30:44 +0000

Bitcoin latest pullback has gone beyond price action alone. Pressure building beneath the surface is becoming increasingly visible. As BTC retreats toward the $91,000 range, several veteran market observers argue this move may be more than a temporary pause. The “dangerous familiarity” highlighted in Peter Brandt’s charts has once again brought the $58,000–$62,000 scenario into focus. When bearish formations align with on-chain loss metrics unseen since October 2023, it suggests Bitcoin’s real test may just be beginning.

At the same time, weakening global risk appetite, sharp geopolitical signals, and deteriorating on-chain behavior have converged. This overlap has notably reduced short-term investors’ willingness to add exposure, tightening market reflexes across the board.

Charts Are Telling Different Stories

Veteran trader Peter Brandt argues that a pattern historically associated with sharp sell-offs is re-emerging on Bitcoin’s daily chart. According to Brandt, the $58,000–$62,000 range represents a technically significant zone that cannot be ignored. This area also sits just above realized price levels and the 200-week moving average, reinforcing its importance.

Other analysts echo a similar view on lower timeframes, pointing to a clear bear flag breakdown on the four-hour chart. Within this structure, the $90,400 level stands out as a critical support. A decisive move below it could accelerate downside pressure. That said, the market is not fully aligned; opposing voices remind that such patterns often fail during periods of elevated volatility.

CryptoQuant data adds another layer to the concern. For the first time in roughly 15 months, Bitcoin investors have shifted into a “realized net loss” position. In other words, the conversation is no longer about profit-taking, but about panic-driven exits and loss realization.

On-Chain Metrics Flash Warning Signs

Behind the price action, the signals grow more uncomfortable. Bitcoin’s 30-day Realized Net Profit/Loss metric has dropped into negative territory for the first time since October 2023. This confirms that sellers are locking in losses rather than gains.

Short-term holders and large wallets appear to be trimming exposure after BTC failed to sustain levels above $97,000. Recent rebound attempts have been fueled largely by derivatives-driven short liquidations, not by consistent spot demand. This dynamic raises doubts about the durability of any near-term recovery.

Why does this matter? Because once realized losses resurface, market psychology becomes fragile. In such phases, price behavior is often dictated less by technical levels and more by investor sentiment and reflexive selling.

Whales Begin to Shift Positioning

On-chain monitoring platforms indicate that some large players have started opening fresh short positions. One notable whale, previously known for aggressive long exposure, has fully exited BTC, ETH, SOL, and DOGE positions, crystallizing multi-million-dollar losses in the process.

While individual moves do not define trend direction, they do highlight a growing defensive posture at the top end of the market. In periods of thinning liquidity, these shifts can exert outsized influence on price dynamics.

Consolidation or a Deeper Test Ahead?

Not all data points to an outright collapse. Certain on-chain assessments suggest Bitcoin is losing momentum in the low-$90,000 range but remains above neutral territory. From this perspective, the market may be entering a time-buying consolidation rather than an immediate breakdown.

Options traders continue to price in elevated uncertainty, while spot and futures indicators show pockets of cautious optimism. ETF inflows, meanwhile, imply that institutional interest has not vanished entirely.

Still, metrics tracking new investors reveal that short-term holders have remained in unrealized loss territory since November 2025. This leaves the door open to renewed panic selling if prices slip further.

Bitcoin is currently fluctuating between $90,800 and $93,300. How this range resolves in the coming days will determine whether the $62,000 scenario remains a fear-driven headline or evolves into a genuine roadmap. For now, the market has yet to make its choice.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Warning: $62,000 Scenario Back on the Table appeared first on Coin Engineer.

Ethereum Tests Key Resistance: Breakout or Pullback Ahead?

Yigit Taha OZTURK — Fri, 11 Jul 2025 13:30:39 +0000

As markets display mixed signals, traders are turning their attention back to Ethereum. Amid uncertain price swings, technical indicators on the daily chart suggest a decisive moment may be near. It’s no longer just about the direction—timing is everything.

Currently, Ethereum remains within a downward Fair Value Gap (FVG) zone on the daily chart, struggling to break out decisively. This zone has now become a critical area of resistance and could shape the asset’s next move.

Resistance Zone Holds the Key

Price is consolidating between the 3,219 – 3,030 dollar range, marking the refined FVG resistance. If this level breaks upward, the next target sits at the 3,534 dollar liquidity area. Should selling pressure remain weak at that point, the rally could extend further toward the next major target at 4,083 dollars.

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Traders are advised to take caution. As price approaches key levels, gradual profit-taking and risk reduction strategies become increasingly important to avoid sudden volatility.

Support Must Hold

In the event of a downturn, the immediate support lies between 2,801 and 2,618 dollars. Losing this range could trigger a deeper correction, potentially dragging price down to the 2,400 dollar zone. Maintaining this support area is crucial to preserve bullish potential.

ETH/USDT pair daily chart.

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Bitcoin Gains Momentum: Is a New All-Time High Coming?

Yigit Taha OZTURK — Fri, 11 Jul 2025 11:00:16 +0000

Markets are heating up again, and all eyes are on Bitcoin, which had been moving sideways within a narrow range for weeks. Investors looking for a breakout finally got what they were waiting for.

As previously highlighted, the 110,500 – 109,809 dollar range marked a critical FVG (fair value gap) zone. This area has now proven to be a reliable support, triggering a strong upward move. Bitcoin reacted exactly as anticipated, launching a solid bullish trend.

Strong Momentum Signals Potential ATH

This is more than just a temporary bounce. The current surge is backed by solid momentum, with technical indicators and trading volume pointing towards continued strength. With this pace, a series of new all-time highs (ATH) may be on the horizon in the coming days.

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Key Support to Watch

If there’s a correction ahead, the next reliable support lies between 114,380 and 113,800 dollars. Holding this level is crucial for maintaining the current bullish trend. As long as Bitcoin stays above it, the outlook remains positive.

BTC/USD pair 4-hour chart.

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Bitcoin Continues Sideways Movement: A Setup For A New Peak?

Yigit Taha OZTURK — Wed, 09 Jul 2025 08:00:07 +0000

In the crypto market, all eyes are once again on Bitcoin. While there hasn’t been significant volatility in recent days, the fact that the price is hovering near critical levels keeps investor attention high. The current fluctuation around the 108,791 USD resistance level is being viewed as a potential sign of an upcoming breakout.

Despite strong upward moves on the Ethereum side yesterday, Bitcoin failed to show similar momentum. This has led investors to remain cautious, while the ongoing sideways movement adds to overall market uncertainty.

Path To A New High Could Open

At the moment, BTC has yet to clearly surpass the 108,791 USD resistance. Without a solid breakout above this level, further gains may remain limited. However, should the price break out convincingly—especially with strong closes above 109,400 USD—a new all-time high (ATH) could come into play.

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On the downside, the 107,000 USD support remains critical. If this level is breached, it could lead to increased short-term selling pressure and a deeper pullback. For now, price action is tightly squeezed between these two levels, and a decisive move in either direction is being anticipated.

BTC/USDT pair 4-hour chart.

Investors Await A Clear Direction

Overall, the current structure suggests that Bitcoin has not yet formed a clear trend. With low volume and price stuck between well-defined support and resistance, traders are urged to exercise caution in the short term. A breakout—either up or down—could lead to sharp, accelerated moves.

The post Bitcoin Continues Sideways Movement: A Setup For A New Peak? appeared first on Coin Engineer.

Ethereum Price Stuck at Key Support — Is a Breakout Near?

Yigit Taha OZTURK — Wed, 02 Jul 2025 09:00:36 +0000

The crypto market remains in a tight range, with investors closely watching whether this calm will give way to a sharp move. One of the most closely watched assets right now is Ethereum, which continues to consolidate at a key support zone.

ETH Accumulates Around Support Area

According to our previous analysis, ETH remains in a state of consolidation around a major support level. For now, the support holds, and the price action suggests continued accumulation in this area.

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If this support zone is broken to the downside, we could see Ethereum retrace towards the $2,300 region. Such a move would reflect increased bearish momentum and a likely pullback scenario for the short term.

Upside Resistance Still at $2,550

On the flip side, the first major resistance level remains at $2,550. A confirmed breakout above this price could bring in stronger buying pressure, potentially leading to a more bullish trend for ETH.

Traders should closely monitor both support and resistance zones, as any break could signal the start of a significant price move.

ETH/USDT pair 4-hour chart.

The post Ethereum Price Stuck at Key Support — Is a Breakout Near? appeared first on Coin Engineer.

Solana Nears Decision Point: Will The Trend Break?

Yigit Taha OZTURK — Wed, 18 Jun 2025 11:00:56 +0000

Recent volatility in the crypto market has led to the formation of noticeable technical patterns in several altcoins. At the center of attention is Solana, which is currently forming a minor descending trend on the daily chart—raising questions among traders.

Support Holds For Now, But Risks Remain

According to recent analysis, Solana has bounced multiple times from the critical 142.42$ – 133.82$ support zone. However, the descending trendline remains intact. A daily close below this key support could trigger further declines, potentially sending Solana down to the 125$ level.

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A Breakout Could Shift Momentum Upward

If Solana breaks above the descending trendline, it could initiate a rally toward the 170$ mark. Such a move would signal a shift in market sentiment and may present short-term buying opportunities. For now, traders are watching for confirmation on either side.

SOL/USDT pair daily chart.

The post Solana Nears Decision Point: Will The Trend Break? appeared first on Coin Engineer.

Bitcoin Drops to $104,273: Market Braces for Next Support Test

Yigit Taha OZTURK — Tue, 17 Jun 2025 18:00:37 +0000

In crypto markets, calm periods often mask incoming turbulence. Following days of weak upward momentum, investors are once again on edge. The leading cryptocurrency, Bitcoin, has now fallen to a dangerously pivotal level.

Key Support Level: $104,273

Currently, BTC is testing the $104,273 support zone. This is a critical point according to technical analysis. Should this level break with high volume, the next target could be $101,466, marking a potential continuation of the downward trend.

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Traders should exercise extreme caution. Sudden sell-offs could trigger stop-losses and amplify market volatility in a short period of time.

BTC/USDT pair 4-hour chart.

Opportunity or Trap?

While pullbacks often present buying opportunities, in a highly volatile environment like this, any additional downward movement can quickly turn into substantial losses. It’s essential to wait for clear confirmation before opening new positions.

For leveraged traders, zones like this one represent both opportunity and danger. A miscalculated entry could lead to significant drawdowns, so risk management is key.

The post Bitcoin Drops to $104,273: Market Braces for Next Support Test appeared first on Coin Engineer.

At the Edge: Will Ethereum Break Below $2,550?

Yigit Taha OZTURK — Tue, 17 Jun 2025 16:30:03 +0000

In the world of cryptocurrencies, calm often precedes a storm. Ethereum, the leading altcoin, is once again testing a highly critical level. The market watches closely as the price hovers around a familiar danger zone.

Previously, we highlighted the importance of the $2,550 level—and now, ETH seems ready to challenge it once more.

Critical Moment at Key Support

On the 4-hour chart, ETH is pressing against the $2,550 threshold. A clear close below this line could trigger a broader market pullback. If this support fails, the next target stands at $2,350, which could spell trouble for altcoins across the board.

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Volatility is high, and caution is advised. A support breakdown could set off a bearish domino effect.

ETH/USDT pair 4-hour chart.

Recovery or Just a Pause?

Despite a healthy bounce from the upward trend line, the danger hasn’t fully passed. Temporary recoveries can be deceptive. Analysts suggest waiting for clearer confirmation before making significant trading decisions.

Especially for those involved in leveraged trading, it’s crucial to manage risk carefully. Sharp drops might offer buying opportunities—but they can also trap hasty traders in losing positions.

The post At the Edge: Will Ethereum Break Below $2,550? appeared first on Coin Engineer.

Bitcoin Near Resistance: Will The Rally Begin?

Yigit Taha OZTURK — Thu, 29 May 2025 12:30:21 +0000

The crypto market is once again heating up, and Bitcoin stands at the center of attention. After losing a key bullish FVG zone, the price retreated all the way to the 106,506 dollar support level, where buyers stepped in strongly. The resulting rebound has now pushed the asset back to a crucial resistance zone between 107,972 and 108,725 dollars.

Can Bitcoin Break Through Resistance?

This area has previously served as a pivotal turning point, where price action reversed direction. Unless Bitcoin closes convincingly above 108,725 dollars, there remains a tangible risk of another pullback toward the 106,506 dollar support.

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With trading volume on the rise, a breakout above this resistance range could trigger a renewed rally. However, if momentum weakens, the market may see renewed downward pressure and a continuation of the range-bound movement.

Eyes On 110,000 And Beyond

Should the resistance give way, short-term targets between 110,800 and 112,300 dollars may come into play. Still, this scenario requires strong bullish volume and minimal profit-taking pressure.

BTC/USDT pair 4-hour chart.

Investors are closely watching how the price reacts to this zone. Confirmation through closing levels will be key to anticipating the next major move.

The post Bitcoin Near Resistance: Will The Rally Begin? appeared first on Coin Engineer.

RARE Targets Breakout: Can the Resistance Hold?

Yigit Taha OZTURK — Mon, 26 May 2025 16:00:47 +0000

In the altcoin space, some assets are quietly making notable moves. One such token is RARE, which recently caught investor attention with a sharp rebound. Key support and resistance levels are coming into play, giving traders important short-term signals.

As the market navigates uncertainty, these levels matter more than ever.

Approaching Resistance with Momentum

After bouncing off the 0.058$ support, RARE climbed steadily toward the 0.065$ – 0.068$ resistance zone. Although it appears to be facing some rejection at this range for now, the broader outlook remains cautiously optimistic.

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If this resistance is broken, a move toward the 0.072$ level could follow. Technical patterns point to this as a realistic next target.

What If the Decline Resumes?

However, should the price fail to clear the resistance, a retracement back to the 0.058$ support could be on the cards. This level will be crucial for the token to maintain short-term bullish structure.

RARE/USDT pair 4-hour chart.

Traders should keep a close eye on the resistance breakout potential as well as any downside test of the support.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post RARE Targets Breakout: Can the Resistance Hold? appeared first on Coin Engineer.