Bitcoin price corrected losses and traded above the $114,000 level. BTC is now struggling and might face hurdles near the $116,000 level. Bitcoin started a recovery wave above the $113,500 resistance level. The price is trading below $116,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $119,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $113,500 zone. Bitcoin Price Starts Recovery Bitcoin price started a recovery wave after a massive liquidation event below $110,000. BTC recovered above the $111,500 and $112,000 resistance levels. The price climbed above the 50% Fib retracement level of the sharp decline from the $123,750 swing high to the $100,000 low. The bulls even pushed the price above the $113,500 resistance level. However, there are many hurdles on the upside. Bitcoin is now trading below $116,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $119,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,250 level. The next resistance could be $118,000 and the 76.4% Fib retracement level of the sharp decline from the $123,750 swing high to the $100,000 low. A close above the $118,000 resistance might send the price further higher. In the stated case, the price could rise and test the $119,500 resistance and the trend line. Any more gains might send the price toward the $120,000 level. The next barrier for the bulls could be $122,500. Another Decline In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $114,000 level. The first major support is near the $113,500 level. The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $113,500, followed by $112,500. Major Resistance Levels – $116,000 and $118,000.

أظهر البيتكوين بعض الانتعاش، حيث تم تداوله فوق مستوى 114,000 دولار، لكنه يواجه تحديات مع اقترابه من مستوى المقاومة عند 116,000 دولار. هذه الحالة مهمة للمتداولين، حيث إن الفشل في الحفاظ على الزخم قد يؤدي إلى مزيد من الانخفاضات، خاصة إذا انخفض دون مستوى 113,500 دولار. فهم هذه التحركات السعرية أمر ضروري لأي شخص مهتم بالعملات المشفرة، حيث يمكن أن تؤثر بشكل كبير على مشاعر السوق واستراتيجيات الاستثمار.

Bitcoin ha mostrado cierta recuperación, cotizando por encima de los 114,000 dólares, pero enfrenta desafíos a medida que se acerca al nivel de resistencia de 116,000 dólares. Esta situación es crucial para los traders, ya que un fracaso en mantener el impulso podría llevar a nuevas caídas, especialmente si cae por debajo de los 113,500 dólares. Comprender estos movimientos de precios es esencial para cualquier persona involucrada en criptomonedas, ya que pueden impactar significativamente el sentimiento del mercado y las estrategias de inversión.

Le Bitcoin a montré une certaine reprise, se négociant au-dessus de 114 000 $, mais il fait face à des défis à l'approche du niveau de résistance de 116 000 $. Cette situation est cruciale pour les traders, car un échec à maintenir l'élan pourrait entraîner de nouvelles baisses, surtout s'il tombe en dessous de 113 500 $. Comprendre ces mouvements de prix est essentiel pour quiconque s'intéresse aux cryptomonnaies, car ils peuvent avoir un impact significatif sur le sentiment du marché et les stratégies d'investissement.

Bitcoin has shown some recovery, trading above $114,000, but it faces challenges as it approaches the $116,000 resistance level. This situation is crucial for traders as a failure to maintain momentum could lead to further declines, especially if it drops below the $113,500 mark. Understanding these price movements is essential for anyone involved in cryptocurrency, as they can significantly impact market sentiment and investment strategies.

Bitcoin V-Shaped Recovery Faces Hurdles – Can Bulls Sustain The Momentum?

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Bitcoin V-Shaped Recovery Faces Hurdles – Can Bulls Sustain The Momentum?

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