Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

October 7, 2025

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025

Why did BTC reach a new all-time high?

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

As BTC’s Post-Fed Price Dip Extends, This Key Contrary Indicator Offers Fresh Hope

December 20, 2024Updated:December 22, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As BTC’s Post-Fed Price Dip Extends, This Key Contrary Indicator Offers Fresh Hope
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Bitcoin’s (BTC) post-Fed worth drop to $96,000 has activated an important opposite indicator that has traditionally marked the tip of worth pullbacks.

On Wednesday, the Fed lower the benchmark borrowing value as anticipated however penciled in solely two charge cuts for 2025, down from 4 projected in September. The central financial institution pressured that it is not excited about collaborating in a possible authorities plan to construct a strategic BTC reserve.

Since then, BTC has dropped over 8%, hitting lows close to $96,000 at one level. As of writing, the cryptocurrency modified fingers close to $97,500, down practically 10% from the report excessive of $108,266 reached early this week, CoinDesk knowledge present.

The losses have brought on the 50-hour easy transferring common (SMA) to dip under the 200-hour SMA, confirming a bearish crossover. The sample means that the continuing pullback may evolve right into a deeper one, though it has didn’t stay as much as its repute in the course of the current bull run.

Bitcoin has skilled a couple of pullbacks throughout its post-U.S. election rally from $70,000 to over $100,000, and every of those dips has ended with a bearish crossover of the 50- and 200-hour SMAs.

The most recent crossover, subsequently, provides hope to bulls anticipating a renewed transfer into six figures above $100,000.

BTC's hourly charts. (TradingView/CoinDesk)

BTC’s hourly charts. (TradingView/CoinDesk)

A possible bounce may face resistance close to $106,000, a degree recognized by the descending trendline, representing the current worth drop. A violation there would open doorways for report highs.

It is vital to keep in mind that patterns do not all the time play out as anticipated, and the opposite indicator mentioned above could fail, probably resulting in a deeper drop. The primary signal of bother shall be if costs transfer under the in a single day low of $96,000, which may expose the swing low of round $91,000 recorded on Dec. 5.





Source link

ad
BTCs Contrary Dip extends Fresh Hope Indicator Key offers PostFed Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

October 7, 2025

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025

Why did BTC reach a new all-time high?

October 7, 2025

Solana ETF vs. Ether: Can SOL Outperform ETH?

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000
October 7, 2025
Dutch crypto firm Amdax raises $35m to buy Bitcoin
October 7, 2025
Why did BTC reach a new all-time high?
October 7, 2025
Solana ETF vs. Ether: Can SOL Outperform ETH?
October 7, 2025
Grayscale’s Ethereum ETFs And Solana Fund Introduce Staking Features Today – Key Details
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.