CandleFocus Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming?
2024-10-11
Author: Content Editor
Bitcoin's price has decreased to the $60,000 region after briefly rising above $63,000. CryptoQuant analyst Aytekin suggests that a final shakeout may occur before the next big move, as previous corrections have followed high open interest levels. The market sentiment appears divided, with some expecting an upside move and others believing in a strong downward trend. Funding rates indicate that long traders are dominant, but significant price corrections have occurred when rates turned negative. While a potential shakeout may happen, the depth of the correction may not be severe. Bitcoin's recent price action shows market indecision, and prominent analyst Ali suggests that further downside is possible unless Bitcoin clears the $66,000 resistance level. A bullish breakout is unlikely without surpassing this level.
Related News
Developers of the Intensely Criticized Altcoin Made a Statement on the Subject – Also Traded on Binance Runes gains momentum on Bitcoin network as miner fees increase by 32% XRP could see a 745% surge as Bitcoin targets $115K and Ethereum eyes $8K, says prominent trader Has the Fed finally hit its 2% inflation target? Whale Accumulation Sparks Fear in Bitcoin's Options Market Ethereum Stability Hinges on Key Support Level Amid Market Watch Gotbit? Never Heard of It! Meme Coins Try to Distance Themselves Bitcoin Price Crash: $1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming? Crypto-stealing malware discovered in Python Package Index — Checkmarx ETH Price Dips As Inflation Rises: Can $2350 Support Hold? SEC again delays decision on spot Ethereum ETF options What Does Michael Saylor's MicroStrategy Bitcoin Bank Plan Mean For BTC? Top Expert Predict Timeline for Solana to Surge 2x to 5x Wall Street Is on a Bull Run—It’s Nothing Compared to Bitcoin Interesting XRP Transfer from Ripple (XRP) Co-Founder – First Time on Record 2.8 Billion Dollar Mt. There is a New Development About Gox Bitcoins: Analysts Say It Could Relieve the Market BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses Top Crypto Gainers of The Day: $MSTR and $NEIRO Leading The Pack Crypto ETF takes from the Permissionless stage Standard Chartered’s Price Estimate for Solana is 540 Dollars: “Only If These Conditions Are Realized…” Why Bitcoin’s 4% October Decline May Signal More Volatility Ahead Il Capo Speaks After Bitcoin’s Recent Surge! Real or Temporary? Justin Sun’s Appointment as Liberland PM Sparks Cryptic Response from Hoskinson Avalanche Shooter 'Off the Grid' Becomes Top Free Title on Epic Games Store 3 key metrics point to ‘up only season’ in altcoins — Analysts Liveness Unveils Key Developments: Addressing Operational Reliability in the Interchain Stack SunPump Partners with GroveX to Expand Tron MemeCoin Projects Permissionless III: DeFi phoenix looms as OG builders forecast next phase Bitcoin price roadmap up to $78,000 is almost complete, highlights analyst Prediction Markets Invite Insider Trading—And That’s a Good Thing, Experts Say Mt. Gox clients won’t get paid again in 2024: How is the industry reacting? Price analysis 10/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Trader Stays Bullish on Bitcoin, Updates Outlook on Aptos and Altcoin That’s Up Over 166,000% in Ten Months MultiBank Sets Up in UAE with MEX Digital’s VARA License for Crypto Assets Anti-Crypto Jamie Dimon Considers Political Future Amid JPMorgan's Earnings $5.8 Billion ADA in 24 Hours: Cardano Price Jumps 5% Popcat Price Soars 15%, Gears Up to Hit $ATH Once Again Soon Crypto scandal, legal drama, and a broken home: The Salame and Bond story Paradigm invests $20 million in Ithaca, a spinoff building a Layer 2 blockchain 'from the future' Solana Rival That’s Exploded Over 130% in a Month Primed To Hit New All-Time High, According to Analyst Polygon Expands DeFi and Gaming with zkEVM Integration Trump-Supported World Liberty Financial Will Start Public Token Sale Next Week German national charged with overseeing $150-million crypto fraud vanishes after possibly tampering with ankle bracelet: report Bipartisan support for crypto is ‘fragile’ — Congressman John Curtis Ripple co-founder Chris Larsen donates $1 million in crypto to PAC supporting Kamala Harris' campaign When to Expect Season 2 of Telegram Crypto Game 'Hamster Kombat' DOJ pushes to break up Google’s search monopoly in antitrust case Fairdesk crypto exchange to shut down, cites market conditions MicroStrategy stock price prediction amid 'Bitcoin bank end game' revelation Privacy Coin Defies Crypto Downtick, Jumps in Price Amid New Coinbase Feature Launch China's fiscal stimulus announcement this Saturday could be market moving for bitcoin, analysts say Cleanspark Sets Ambitious New Hashrate Target After Reaching 30 EH/s XRP Price Analysis: Technical Outlook and SEC Lawsuit Uncertainty Bitcoin to have ‘crazy decade’ as global wealth managers dive in Ethereum eyes 40% gains as ETH price fractal approaches final phase These Three Reasons Could Propel WorldCoin Price to $2 What's Stopping Ethereum From Producing a God Candle to $5,000? 15 Altcoins To Sell Ahead As $300M Worth Token Unlocks Approach Trader Issues Bitcoin Alert, Says BTC Will Nuke if Critical Support Zone Crumbles – Here Are His Targets Craig Wright files lawsuit against BTC Core and Square without barrister Move-Based Blockchains: Aptos, Sui, and Movement Compared Bitcoin surfs US PPI overshoot as BTC price recovers from sub-$59K dip Bitcoin rises 3% as S&P 500’s hits all-time high Bitcoin on track for longest flat market in halving year history Scroll Airdrop Allocation Met With Dismay From Farmers Ethereum Teeters on Critical Support, Risks Likely 53% Correction if $2,250 Breaks Schiff vs. Roubini: Who’s Bitcoin’s Real ‘Dr. Doom’? What Do Bitcoin Miners Expect Next? X Empire Set to Launch $X Tokens with Airdrop on October 24! XRP Ledger Has One Main Obstacle for New User Onboarding: Opinion Solana’s Liquid Staking Hits 7% ATH, Boosting DeFi Liquidity by $150M+ Can Web2 Apps Be Ported Into Web3? Maybe Can Avalanche Achieve a $400 Price Target? Memecoin Trading Driven by Short-Term Speculation, Analysis Finds Bitcoin (BTC) Price Prediction for October 11 Watch Out for Tomorrow in Bitcoin and Altcoins: News from China is Awaited! Will There Be a Rise? FTX's Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort Mt. Gox Postpones Repayment Deadline to 2025, Allaying Concerns of Bitcoin Sell Pressure VeChain Set for 20% Price Surge: 5 Major Achievements Driving VET’s Bullish Breakout XRP Price Is In ‘Uncharted Territory’: Here’s What It Means Is Neiro’s Breakup with Gotbit a Sign of Deeper Issues? XRP Price Prediction for October 11 Tron (TRX) Becomes Deflationary Asset This Year: Data Robinhood Lists Render Network, RENDER Price To $10 Ahead? Bitcoin Price Makes Crucial Breakout, While Fear Enters Cryptocurrency Market BlackRock Tops $11.5 Trillion in AUM, More Bitcoin Bets Ahead? Crypto set for a new era of apps over infrastructure Bitcoin October Rally Stalls as Long Liquidations Hit 28-Month High Banana Gun goes parabolic as futures open interest hits all-time high A Very Critical Move Came From Arkham (ARKM), There Was a Sudden Increase in Price! Bitcoin Whale Panic-Sells 800 $BTC, Loses $26 Million Since June Tucker Carlson Says Bitcoin Can Defund Government Control and Fuel Movements Permissionless III dispatch: What a difference a year makes for Solana Neiro (NEIRO) on Ethereum up 50% in a day after accumulation by five market makers UTONIC Partners with Cobo to Elevate Security in Liquid Staking and Restaking XRP Just Survived Biggest Crash Crucial FUD and Shytoshi Warning Issued by SHIB Team Aave price dropping since mid-September despite $500M revenue: here’s why Hong Kong SFC to Issue New Crypto Exchange Licenses This Year Karate Combat Launches Layer-2 Network to License Game Model to Other Sports XRP Nears 'Now or Never' Zone: Bollinger Bands Sound Alarm Bitcoin Has Been Stuck Trading Sideways After Halving—What's Different This Time? Bearish for ETH: Unichain Launch Damages Ether's Value, Experts Say Crypto CEO on the run after allegedly stealing 1,800 BTC and 28,000 ETH Trump’s lead over Harris widens, but is Polymarket accurate? Worldcoin, Dune enter partnership after the former’s shift from Europe Analyst Says XRP Price Is Read For "Big Move," Ripple ATH Next? High-Return Crypto Scheme Hit With Cease-and-Desist in Texas SingularityNET Expands FET Token Capabilities with Staking Feature Aethir Launches $100M Fund to Accelerate AI and Gaming Innovation Bitcoin Exchange OKX Announces Pre-Market Trading for a New Altcoin Trading Pair! Washington Investors Set to Reclaim Digital Currency in GS Partners Settlement MicroStrategy's 'NAV Premium' Hits Highest Since 2021 Retail Buys vs. Whale Sells: SHIB Price Faces Pressure Amid Rising Volatility History Suggests Bitcoin Will Not Close October Negative 2.7 Trillion Shiba Inu (SHIB) in 24 Hours: Will It Make a Comeback? Top Financial Regulators Shaping Global Markets in 2024 Satoshi-Era Bitcoin Wallet Emerges With 994,495% Profit Clore.ai token rises as Nvidia, Palantir stocks surge Curve Finance joins forces with TON Foundation to enhance stablecoin trading Spectra’s Fixed-Rate Derivatives Now Available on PWN P2P Money Markets GPT-5 Launches: Can it Boost These 7 AI Tokens? Bitcoin (BTC) Has Only 14 Days Left to Avoid 'Longest Sideways' Ever, Analyst Says BREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction?! DOGS Token Dominates TON Blockchain with 5.6M Holders: Analyzing Token Holder Stats on TON Top Analyst Says Ethereum To Start Looking ‘Really Really Good’ if Major Level Is Reclaimed – Here’s His Outlook Perplexity AI predicts Bitcoin price for year-end based on analysts' insights Binance Announcement Sparks Rally for Pepe Coin, EIGEN, and Sui XRP Whales Move 81M Coins As Ripple Files Cross-Appeal Against SEC, What's Happening? $214 Million in Crypto Tokens to Unlock This Week Will Bitcoin Price Hold $60,000? Traders predict Possible Drop to $53,000 Ryan Salame claims US unfairly targeted him over Republican donations Can $10 Million OP Airdrop Send Optimism Price to $2? LayerZero Launches Cross-Chain Protocol on Unichain Bitcoin on Track For Record Sideways Action, With Eyes on November Elections as Bullish Catalyst Bitcoin Price Falls Then Rebounds, Chiliz Surges on “Pepper” Meme Coin Five days of $0 inflows to spot ether ETFs since July launch 18,000 Bitcoin Options Expiring with Max Pain at $62K Amid Weak Market Will Shiba Inu Price Go to Zero? Ordinals Wallet X Account Hacked in Phishing Attempt Expert Says Calling for a Lower Bitcoin Price is Insane: Here’s Why Crossmint Launches Wallets and Payment Solutions on Avalanche C-Chain Simplifying UX in a fragmented blockchain world | Opinion Ripple CEO Seeks End to SEC Enforcement Actions Against Crypto ? MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame, Michael Saylor tells Bernstein Cryptocurrency Prices Today Oct 11: BTC Holds $60K, But WIF & UNI Soar 8%-10% Non-EVM Blockchains Rise in DeFi, Solana Holds 48% of TVL Ripple CLO: SEC Lost on All Key Points China’s CBDC platform registers 180m wallets, 7.3t yuan in transactions SEC Advances Appeal Against Ripple in Second Circuit Court: What's Next for the Crypto Industry? Dogecoin Becomes Traders' Champion Over SHIB and PEPE: Report The Crypto ETP Landscape: What’s New Bitcoin Amsterdam: Flawed research drives harmful Bitcoin policies Goodbye $60,000 Bitcoin? Traders Bracing for $58,000 Drop Why You Should Think Twice Before Shorting BNB Price Crypto Analyst Says 1,400%+ Price Surge for One Ethereum Rival Not As ‘Crazy as It Sounds’ Stellar’s (XLM) Resilience Sparks Investor Interest, Bullish Growth on the Horizon Shiba Inu Bull Flag To Trigger 440% Spike in SHIB Price: Analyst Christie’s sells it’s first Bitcoin Ordinal made by Ryan Koopmans and Alice Wexell Coinbase Premium Hints at Confidence Amid Bitcoin (BTC) Volatility Mantra retests all-time high amid OM airdrop hype and mainnet launch anticipation Binance Executive Tigran Gambaryan Denied Bail in Nigeria Digital Chamber Applauds New Stablecoin Bill Amid SEC's Crypto Crackdown RLUSD Launch to Trigger XRP Surge to $10, Says Expert Alephium Now Supported on Ledger Hardware Wallets Elon Musk Triggers DOGE Army’s Excitement by Featuring Shiba Inu in Robotaxi Charles Hoskinson disses crypto community for being against him, says Cardano is the only real crypto left Crypto Price Analysis October-11: ETH, XRP, BNB, TON, and SHIB Lisk Partners with DappRadar to Boost dApp Discovery BTC price gains 'on horizon' as Bitcoin whales buy 1.5M BTC — Analysis Solana (SOL) on Track for 33% Price Gain as User Activity Rebounds $35 million worth of tokens drained from a crypto whale in phishing attack BTC Price Recovers From Sub-$59K Dip, UNI Skyrockets 20% Weekly (Market Watch) BNB Price Rally Threatened by 3-Month High in Investor Outflows Rune Christensen Nears Final $LDO Sale After Selling 400k Tokens for $407k Is The Sui Price Rally Over? Signs Point To A 43% Drop Inbound GraFun, the memecoin launchpad on BNB Chain, allows projects to launch on PancakeSwap V3 Litecoin Maintains Narrow Range, Looking to Break New Resistance Barriers $2bn was lost to crypto crimes in H1 2024 but investor popularity surged FTX customer sues hedge fund over alleged stolen bankruptcy gains What Is Distributed Ledger Technology? A Deep Dive Bitcoin Exchange Binance Announces Launch of Bot Services for 3 New Altcoin Pairs, One of Which is TRY Pair! UN Endorses Ripple and Stellar as Cornerstones of New Global Payments Network Solana (SOL) Trading Volume Rises 6% as Uptober Hopes Rise Will Markets Continue to Dump Amid $1.6B in Crypto Options Expiring Today? From LinkedIn to LockedIn: Former FTX Exec Ryan Salame Shares Bizarre Prison Post Brandt Says 30 Weeks Since Bitcoin Non-Convincing ATH, Drop of 75% Looming NFT Artist Deekay Kwon's Wallet Attacked, Life Savings Stolen SEI Breaks Adam & Eve Pattern: Is a Big Move Coming? Is It Time to Buy LINK? Whale Activity Signals Chainlink Price Recovery AI deepfake tool on ‘new level’ at bypassing crypto exchange KYC: Report BlackRock Buys 12,272 BTC Amid ETF Outflows Metaplanet Scoops Another $6.5 Million in Bitcoin, Doubling Down on Its October Spree USDT Faces Downward Pressure as Investors Pivot to Stocks in China Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering Analysis Company Reveals: Cryptocurrency Whales Focus on These Altcoins as the Market Falls Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option Dogecoin Could Break Yearly Highs ‘Any Moment Now’ – Crypto Analyst NFT holders sue art gallery alleging it broke metaverse promise Crypto ETF issuer Fidelity says breach leaked data of 77K customers Solana (SOL) Could Regain Steam: Is a Fresh Rally Ahead? Major Ripple News Expected Soon: Massive Surge for XRP Ahead? Expert Predicts XRP Price if BTC Hits $115K and ETH Reaches $8,000 Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return POL Holds Steady at September Low, Bullish Momentum Builds Australia Has 280 New AFS License Holders: How Many of Them Are CFDs Brokers? SEI Breaks Adam & Eve Pattern: Is a Big Move Coming? Ethereum Price Targets a Comeback: Will the Bounce Last? 7,000 ETH Moved to Exchanges as Crypto Faces a Potential $1.3 Billion Earthquake Feds want Bitfinex hacker ‘Razzlekhan’ jailed for 18 months XRP Price Teases Fresh Gains: Is a Strong Move Ahead? Alchemy Pay Integrates BNB for Real-World Crypto Payments London Man Denies Running Illegal Cryptocurrency ATMs Bitcoin Price Encounters Resistance: Will It Clear The Hurdles? Bitnomial files lawsuit against SEC, challenges its claim that XRP futures are securities Ethereum Could See a 53% Price Correction If This Happens—Analyst Top Ethereum Holders: A Look at Exceptional Influence in the Blockchain Space NFT holders sue art gallery alleging it broke metaverse promise Tilted and EMC Protocol Partner to Enhance Gamer ID Security with AI and Blockchain Uniswap Rallies In Bearish Conditions, Can UNI Break New Grounds? Best New Meme Coins to Buy in October: BabyDoge and Other Rising Stars Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming? Bitcoin Price Holds Steady Despite SEC's Case Against Market Maker Cumberland DRW SEC settles with trading firm over $4M ‘AI-washing’ scheme Uniswap (UNI) Price Soars Over 10% Following Unichain Announcement Your Lifelike Zoom Clone May Soon be Taking Meetings For You. Here's How Analyst Says ‘That’s Often Where Opportunities Lie’ As Cardano Lingers in ‘Deep Depression Phase’ Bitcoin Whales Redistribute 30,000 BTC Worth $1.8 Billion in Major Sell-Off Bitcoin Facing Potential Capitulation Amid On-Chain Liquidity Squeeze, Analyst Says Plus Token’s $1.3B ETH could be sold, ‘Crypto King’ arrested: Asia Express 2 Reasons Why Dogwifhat (WIF) Return to $3 May Be Delayed Bitcoin's (BTC) Suffering Continues, Solana (SOL) at Crucial Support Level: What's Next? Ethereum (ETH) to Dive Below $2,000? Uniswap (UNI) books 25% weekly gain leading into Unichain launch African nation of Eswatini releases design for tokenized retail CBDC Who is Cumberland, the SEC's Latest Big Crypto Target? Crypto ETFs Still Hot, With Nearly 50% of U.S. Investors Planning to Buy: Charles Schwab Bitcoin Price Flashes Fractal Similar To October 2023, Here’s What Happened Last Time Sen. Hagerty’s stablecoin regulation draft aims for clarity, echoes House bill framework Bitcoin price fell 24%+ the last time this metric turned negative — Will it happen again? 'We're still here, we're still building': Kadena chief business officer discusses revitalizing a once-hot blockchain