BNB -0.15%
$602.54
BTC -1.24%
$68,564.63
DOGE -1.75%
$0.16
ETH -0.76%
$3,854.32
PEPE -2.39%
$0.000016
XRP -1.19%
$0.52
SHIB 5.02%
$0.000026
SOL -0.65%
$169.54
$DOGEVERSE
presale is live

Bitcoin Price Prediction as Crypto Market Cap Slumps 6.4% – Time to Buy?

Arslan Butt
Last updated: | 3 min read

Bitcoin (BTC/USD) encountered a substantial decline. It is now priced at $57,332, reflecting a 6.4% downturn. The pivotal price levels and indicators are essential to the technical landscape. At present, the pivot point rests at $59,008, with immediate resistance observed at $61,569, followed by subsequent hurdles at $64,654 and $67,084.

Conversely, support levels stand at $55,051, $53,072, and $51,035.

Bitcoin Price Prediction - Source: Tradingview
Bitcoin Price Prediction – Source: Tradingview

Noteworthy indicators include an oversold Relative Strength Index (RSI) at 25, signalling a potential reversal, and the 50-Day Exponential Moving Average (50 EMA) positioned at $63,473, potentially acting as resistance.

Below the pivotal level of $59,008, the outlook remains bearish, with a breakthrough indicating a shift towards a more bullish sentiment, while a failure may reinforce the prevailing bearish bias. Traders should closely monitor these levels for strategic decision-making.

Unlock Cryptocurrency Rewards: Join the 99Bitcoins Presale Now!

99Bitcoins, a pioneer in digital education, is revolutionizing cryptocurrency learning with its innovative ‘learn-to-earn’ system. Participants engage with educational modules and earn $99BTC tokens, simultaneously boosting their knowledge and financial portfolio.

The ongoing presale of $99BTC tokens is generating substantial interest, offering these tokens at an attractive rate for early adopters.

99Bitcoins Presale: Your Gateway to Early Benefits

The 99Bitcoins presale event offers an exceptional opportunity for early investors to acquire $99BTC tokens at a notably low price of $0.00103 each, with the potential for substantial returns as the ecosystem develops and expands.

These tokens not only serve as a mechanism for rewards but also provide holders with access to exclusive content and additional community benefits.

Don’t Miss Your Chance

As it stands, a total of $963,721 has been raised towards the target of $1,711,230.

Time is of the essence, as only a few days remain before the next price increase. This is a crucial moment to buy $99BTC and benefit from the advantages of staking your tokens immediately.

Secure Your 99Bitcoins Today

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.