NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Bitcoin Price Collapses; What Now?

Samuel Rae
Samuel Rae
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In this morning’s bitcoin price watch piece, we published our thoughts on how we expected bitcoin to mature during today’s European session, and suggested the levels that we would be keeping an eye on as price action matured throughout the day. We believed that – as driven by a fundamental bias out of Greece – we may see some risk off bullish action in the bitcoin price before the day closed. However, as it happens, the overarching bearish momentum that we have seen throughout the majority of this week remains the order of the day, and presents us with an intraday bearish bias as we head into this evening’s Asian session. So, with this said, what are the levels that we are keeping an eye on tonight, and how can we draw profit from the bitcoin price this evening? Take a quick look at the chart.

bitcoin price

As the chart shows, action today broke through 281.98 – the level that we had slated as in term support – shortly after lunchtime GMT. Having broken through this level, we broke down to intraday lows at 275 flat and – in doing so – took out our bearish target for a nice profit. From this level, we have since reversed to the upside, and are currently trading between the aforementioned 275 flat (which serves as in term support this evening) and 281.98 – the level that now presents us with in term resistance. This is the range we are watching tonight.

If we get some further bearish momentum, we will look for a break below 275 flat to validate 270 as a medium-term downside target. A stop loss somewhere around 277 will maintain a positive risk reward profile on the trade.

Looking the other way, if we can break back above 281.98, it would bring 287.15 into play medium-term to the upside, with a stop loss somewhere around 280 flat keeping things tight from a risk management perspective.

Charts courtesy of Trading View

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin

More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In

After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000,...

Ash Tiwari 1 week ago
ethereum eth ethusd (1)

Ethereum Nears $4K as $4B Supply Overhang Looms: Analysts Fear Deeper Losses

Ethereum (ETH) is struggling to hold above $4,200 after a sharp sell-off triggered widespread liquidations across the crypto market. It...

James Halver 1 week ago
Crypto

New Crypto Assets Group Backed By Trump Gets Green Light

The Securities and Exchange Commission is moving in a different direction on crypto. Related Reading: Cardano Climbs To 8th, Pushing...

Christian Encila 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Captures Investor Frenzy, Overtakes Bitcoin With Nearly $3-B Surge

Christian Encila 1 week ago
Bitcoin news

Is The Bitcoin Treasury Bubble Popping? Expert Answers

Jake Simmons 1 week ago
ripple xrp xrpusd (2)

Whale Sell-Off and ETF Uncertainty Drag XRP Lower: Is $2.8 Just a Stop Before Deeper Losses?

James Halver 1 week ago

Premium Sponsors

Press Releases

  • Seize the XRP Surge: ETHRANSACTION Mining Platform Allows...

    2 weeks ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    2 weeks ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    2 weeks ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    2 weeks ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    2 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.