CandleFocus Bitcoin Price Analysis: BTC Could Slump to $80K if This Support Level Breaks
2024-12-02
Author: Content Editor
Bitcoin's price is currently consolidating below the $100K milestone, with investors eagerly awaiting a potential rally to achieve this price target. The asset has been breaking through resistance levels, but has yet to reach $100K. If the $90K support level is maintained, there is hope for a bullish breakout towards $100K. However, if the $90K level is broken, a pullback to $80K could occur. The market is currently in a symmetrical triangle pattern on the 4-hour chart, with a breakout determining the direction of the price. Accumulation of Bitcoin in the spot market is indicated by recent negative netflows, suggesting investors are accumulating BTC in anticipation of a rally. The demand in the spot market is expected to drive the price higher in the coming months.
Related News
Moodeng (MOODENG) jumps by 95% after fast Coinbase listing Solana Slumps to $220: What Can We Expect from SOL This Week? - CryptoNewsZ BRETT Price Drops More Than 10% Following Twitter Hack Stellar (XLM) Price Momentum Weakens Despite 459% Monthly Surge Polymarket Retains Loyal User Base a Month After Election, Data Shows AIXBT calls have generated over 54% gains from its crypto predictions 'Astonishing' XRP Surge Driven by Regulatory Hopes, ETF Speculation: Analysts Can Cardano Price Rally another 230% in December? Euro Area preps for Trump second term, tariff risks Benjamin Cowen’s Indicators Suggest Crypto Bull Run May Be Near Fidelity, Schwab, Citadel-Backed Crypto Exchange EDX Markets Appoints New CEO Trump’s inauguration could mark local top for crypto, research shows XRP Price Nears the $3 Mark – What’s Fueling the Mega Rally? Why is XRP Rising? What’s the Latest on XRP’s Great Rally? Latest Report Released What to watch for in December after an eventful November Ripple's XRP is a 'Fraud': Cyber Capital Founder Stirs the Internet Microsoft Integrates Ripple and Ethereum into Azure Blockchain Services SUI Exchange Outflows Spike, Keeping $3 Level Steady PlanB Doubles Down on Massive Bitcoin Price Prediction for Market Cycle Peak – Here’s His Outlook Bitcoin price weakens, but BTC derivatives remain healthy AIOZ crypto price prediction: Is a new high expected this December? Ethereum (ETH) Surges 44% in 30 Days, but Caution Flags Emerge Chainlink Hits $20: Is This the Start of a Major Bull Run? Where is the Massive Economic Stimulus Package Rumored to be Approved in China? Plans Failed? China Analyst Responds Analytics Firm Issues Warning for 6 Altcoins: “Whales May Be on the Move” Bitcoin Mining Revenue Jumped 24% in November as Price Approached $100K Bolivia Becomes a Hotbed After Lifting Crypto Blanket Ban Will This XRP Price Pattern Breakout Trigger 5,600% Rally Like 2018? Will Bitcoin (BTC) Price Break $100,000 Before the Year Ends? Here’s Bullish Oracle Tom Lee’s Latest Insights Rollups alone won’t unlock blockchain’s true potential IOTA Rebased Ushers in New Era: Tokenization Meets Real-World Assets (RWAs) AI predicts Hedera (HBAR) price for year-end How close is crypto to massive altcoin returns? 21X and Chainlink Partner to Launch First Regulated Tokenized Market in Europe What XRP’s Surge Means for Altcoins: A Shift on the Horizon? PowerDime launching tokenized renewable energy platform with Chintai Could This Price Level Define Bitcoin’s Next Move Toward $100,000? Uniswap and MetaMask Lead $174M Ethereum ($ETH) Burn in November 2024 Dogecoin Price Prediction: Will $0.50 Be Reached or Is a Pullback Looming? Ripple CEO Issues New Statement as XRP Starts Approaching $3 Will $BOME Token Break Out Soon? Key Levels Suggest Big Moves Ahead Top RWA Tokens Based on Weekly Trading Volume: A Market Snapshot XRP has ‘FOMO’ target at $6.60 by 2025 — Analyst Why this week 'isn't the best for Bitcoin to shine' Litecoin Price Forecast: LTC hits $130 for first time in almost three years as open interest soars South Korean-Backed Gen Sol Chooses IOTA Rebased for Web3 Gaming and Animation Silk Road Bitcoin Worth Nearly $2B Moved to Coinbase Prime Top Crypto Gainers of the Day with Notable Price Surges Portal Launches Cross-Chain Crypto Gaming Hub and Wallet Ethereum funds see record net inflows of $2.2B in 2024 Standard Chartered’s Libeara to launch tokenized money market fund on Ethereum Nike-owned NFT wearables startup RTFKT is winding down Price analysis 12/2: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX ? Solana Meme Coin Moo Deng Rockets 80% in an Hour After Coinbase Listing Plans Ripple's Top Lawyer Slams SEC for Market Suppression US government transfers $1.9 billion in Bitcoin to Coinbase SOL and DOGE Price Prediction for December 2 Coinbase's fiat-to-crypto onramp integrates Apple Pay Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose Why These Altcoins Are Trending Today — December 2 Top Trader Unveils ‘Real’ Price Target for Dogecoin, Says DOGE Now in ‘Monster Uptrend’ Bitcoin jumps 2% on MicroStrategy buy with $100K BTC price in focus Hedera (HBAR) Skyrockets 40% as Golden Cross Emerges: Details Cardano Eyes 66% Upswing in December If ADA Price Follows History Debanked: The Financial Suppression of Bitcoin Businesses Must End $660 Million SHIB Faces Profitability Struggles Amid Shiba Inu’s Rising Outflows Don’t Sell MicroStrategy Your Bitcoin US Bitcoin reserve is possible to achieve but not without downsides Crypto analysis of Hedera, Tron, and Aave: are we in altseason? Bitcoin price drops as profit taking and significant sell wall hinders rally, analyst says Analysis of the Kraken OTC Report – November 2024 Quant open interest hits 8-month high as QNT targets THIS level ECB advances digital euro project with new progress report CHEX Price Forms New All-Time High; Profit Taking Skyrockets Here’s why XRP price surged and 3 reasons it may crash soon How Blockchain Secures AI in the Face of Skepticism: Nuklai Founder Weighs in Bitcoin Mining Profitability Improved in November, JPMorgan Says Avalanche Price Eyes $70 Amid Explosive Market Surge Bitcoin Rallies 37% in November: Will December Bring $115K High? Ripple Meme Coins Gain Traction: $ARMY, $SCRAP, $589 Lead the Surge Bitcoin's 'Illiquid' Supply Soars to New All-Time High Near 15M Tokens XRP Hits $2.77, Becomes Third-Largest Crypto Amid Market Frenzy Enron is back to launch crypto token focused on solving the energy crisis BREAKING: Coinbase Adds Long-Awaited Altcoin to Its Roadmap to List Top TGEs to Watch This Week: QUILL, NET, DYOR, and More Why Has The Bitcoin Price Never Surpassed $100,000? Here’s an Analyst’s View Polkadot Blockchain Academy Opens Applications for Cohort 6 in Swiss Campus Brazil's instant payment transactions more than doubled on Black Friday Orderly Network Paves the Way for Limitless DeFi Across Solana and EVM Chains Ctrl unveils its next-gen crypto wallet browser extension 'XRP Is a Beast,' TechCrunch Founder Says, Reacting to XRP's Mammoth Surge Altcoin Listed on Binance Dropped Hugely in Seconds! Here's the Reason for the Drop! Litecoin Adds $1 Billion to Its Market Cap, LTHs Begin to Liquidate Is Shiba Inu (SHIB) Ready for Next Major Rally? Robinhood Moves 70M Dogecoin As Bernie Sanders Backs Elon Musk's D.O.G.E BitGo Unveils Retail Crypto Custody Platform BNB Price: Analyst's Step-by-Step Guide to $1,000 Target Sora Ventures launches $150 million fund to emulate MicroStrategy's Bitcoin strategy across Asia Expert Says Realistic XRP Targets Are $5 to $8, Claims $589 and $1,000 are Fantasy Shytoshi Kusama Promises to Strike Back at Bad Actors Hard: Details Bitcoin Technical Analysis: Bears Begin to Claw, Pulling Price to Key Levels Marathon Digital Announces Plans to Raise $700M to Buy Bitcoin BTC, ETH and XRP Price Prediction for December 2 XRP vs. Bitcoin: Expert Trader Breaks Silence on What Happened in 2017 Shiba Inu (SHIB) Loses 13% in 24 Hours: What's Happening? Mantra price chart pattern points to a strong breakout soon Genius Group adds $1.8m to Bitcoin Treasury, now holds 172 BTC Institutional Investors Abandoned Bitcoin and Flocked to These Two Altcoins! AI Altcoin Bull Run? BitTensor, NEAR, and SPEC Hold Key Supports Curve Finance Launches Curve-Lite Decentralized Exchange Powered by Taiko Here’s why Helium Mobile surged over 100% in 24 hours Here Are Projected Timelines for Dogecoin to Hit $10 XRP's Six-Year High of $2.50 — What Made It Happen? XRP Is In A Strong Uptrend And Is Trying To Break Above $2.00 Helium Breaks Falling Channel: Can HNT Rally Surpass $10? Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Shiba Inu Lead Celebrates SHIB Massive Comeback, Cites 274% Yearly Growth Flare Teams Up with ChainPatrol to Improve Web3 Security XRP Rallis to 6-Years High of $2.49, Backed by Ripple Whales and Retail Frenzy Solana Price Targets $500 As Analyst Reveals Reason Behind SOL Rally IOTA Unveils Rebased Proposal with Staking Rewards and Lower Fees – Vote Now usdx.money Secures $45 Million Funding Round to Advance Stablecoin Adoption BRETT Crypto Eyes Top 50: Price Kicks off December with new ATH Avalanche Engages with U.S. Administration Bitcoin Price Analysis: BTC Could Slump to $80K if This Support Level Breaks JUST IN! MicroStrategy Bought Bitcoin (BTC)! Michael Saylor Reveals His Latest Purchases! Ripple Price Analysis: XRP Likely to Retrace Toward $2 Before Targeting New ATH Stablecoin liquidity shaping altcoin markets amid Bitcoin rotation decline DWF Labs co-founder announces move to Abu Dhabi Crypto traders choose to spend rather than HODL | Opinion Pepe Coin Price Could 7X as Whales Accumulate 10 Trillion PEPE HBAR and KAIA Surge as Litecoin, EOS, and VeChain Show Strength XRP Surges in Korea, Hits ₩3000: Ripple Market History Comes Full Circle Binance-WazirX Feud Escalates: Users Demand Clarity Over Frozen Funds CHART: How bitcoin and crypto are taxed across the G7 Telcoin, Inc.’s Digital Asset Depository Charter hearing set for Dec 5th, 2024 BREAKING: WisdomTree files Form S-1 for spot XRP ETF with SEC Crypto Liquidations Decreases to $192M As Market Gains Stability Solana (SOL) Prepares for Comeback as Volume Jumps 39% XRP Changed the Balance in the Market! What is Needed for Bitcoin to Exceed $100,000? Analysts Evaluated! Altcoin Season Returns: Index Hits January High as Bitcoin Trails 38 Cryptos Extreme Greed and Liquidations Hit Crypto Market If you invested $1,000 in XRP when SEC sued Ripple, you’d have this much now Bitcoin Dominance Falls Below 57%: Altcoin Season Officially Kicks Off A Closer Look at How Bitcoin is Shaping the Meaning of Investment in the Modern World Ripple Whales Buy $177M XRP Amid Renewed Market Interest, Here's All Hedera (HBAR) Breaks Two-Year Price Barrier, Pushing Open Interest Past $220 Million Cardano (ADA) could crash 20% warns expert Ripple’s XRP surges to 2024 high amid Trump win, stablecoin optimism How High Can Bitcoin Price Go This December? Is it too late to buy XRP after hitting a 7-year high? Dogecoin Price Forecast: Cycle 3 Predicted to Push DOGE to $2.28 Japan’s Metaplanet to reward shareholders with Bitcoin for holding stock Ethereum ETF staking yield likely to be approved under crypto-friendly 'Trump 2.0' SEC, Bernstein says Hong Kong Bitcoin spot ETFs set new record for monthly trading volume with $154m Ethereum Price Struggles: Is a Dip to $3,392 Imminent Amid Momentum Loss? The Role of Cryptocurrency in Reducing Banking Costs for Small and Medium Businesses XRP’s Trading Volume on Upbit Hits $3.69 Billion, Outperforming BTC and ETH Volumes Peter Brandt's New XRP Price Prediction Suggests Unbelievable All-Time High Market Psychologist Shares Craziest Thing About XRP Pump, Expect FOMO To Follow Bull Run Spotlight: SAND, XLM, and ETH on a Sharp Uptrend HBAR, XRP Defy Market Sentiment as BTC Dumps by $3K in Hours (Market Watch) Raoul Pal Admits He Was Wrong About XRP, Applauds 400% Growth DeBox Social Suffers $280K Crypto Loss in Security Attack Bitcoin Miner Argo Blockchain Secures £4.2M Lifeline as Mining Margins Shrink Top Analyst Shares Strategic Approach to Investing in XRP XRP Rally Unstoppable: So What's the Reason for the Rise? – Solana (SOL) Founder Makes Critical XRP Call! Spot crypto exchange volume hit $2.7 trillion in November, highest since May 2021 XRP returns to 3rd-largest crypto after 4-year battle with SEC Morocco’s Central Bank Eyes Crypto Regulation to End Years of Digital Assets Ban Aptos shatters records in December: Can APT break through key resistance now? CZ Moves On From Binance CEO Role, Looks to Trump for a Fresh Start XRP Price Eyes $4.3 After Overtaking Solana, USDT With 364% Rally Biggest US dollar gains ever — 5 Things to know in Bitcoin this week Ether Risk-Reward Is Attractive Given Recent Underperformance: Bernstein Bitcoin Is Boring. And That’s Just Great Cardano Price To Hit $10 By End Of This Cycle? TRON Fails At The $0.21 Threshold Ripple CTO Reacts to XRP Becoming Third-Biggest Cryptocurrency Ether's Price Chart Now Mirrors a Pattern That Foretold Bitcoin's Record Rally Bitcoin Price on the Brink: $100K Breakthrough Imminent? NFTs Resurgance? Crypto's Bull Run is Driving These Assets Higher Bitcoin Exchange Binance Announces Airdrop Support for These Altcoin Owners! Here Are Those Altcoins US Bitcoin Reserve Proposal Draws Mixed Reactions on Social Media This Week in Crypto Games: 'Axie Infinity' Studio Layoffs, 'W-Coin' Burn Before Airdrop From Fiction to Financial Reality: Why ‘Bitcoin’ Is the Perfect Name Shiba Inu Price Skyrockets Above $0.000030 – Why is SHIB Price UP? Santa Rally Incoming? Top Crypto Trader Predicts Upside Bursts for Dogecoin, PEPE and One Solana-Based Altcoin PNUT Whale Withdraws $6 Million in ACT Tokens From Binance: Bullish or Just Moving Funds? XRP Price Hits $100 Billion Market Cap: What’s Next? Asset managers in US propose new Bitcoin ETFs to target cautious investors Injective and DojoSwap Launch AI-Powered DojAI for DeFi Revolution ? Analyst warns of ‘leverage driven’ XRP pump as token flips Tether Bitcoin set for ‘insane long opportunities’ as it enters price discovery: Traders BRETT soars to new ATH, enters top 60 list: Exchange listings next? Clipper DEX says recent $450K hack wasn’t caused by private key leak Hedera [HBAR] rallies 37% in a week, but signs point to $0.14 drop Solana’s Market Position Slips as XRP Climbs Above SOL’s $108 Billion Cap Coinbase policy chief predicts swift crypto legislation under Trump XRP News: Ripple Lawsuit and Market Momentum Push XRP Price Back in Top 3 Crypto XRP Flips Tether Becoming World’s Third Largest Crypto as Prices Soar DMM Bitcoin exchange shuts down after a $321 million fraud incident China's Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption ‘Free at Last’: WSJ Article Fuels Speculation on Crypto’s Bright Future Under Trump Michael Saylor Claims He Can Convince Warren Buffett to Buy Bitcoin Using Berkshire's $325B Cash Helium grows 19% in 24 hours: Will HNT reach $11 soon? Musk again asks to block OpenAI’s ‘illegal’ conversion to for-profit model UNICEF launches fund for startups; NEObank offers security tokens THETA Price Jumps 29%, Rally To Continue? Bitcoin Rebounds at $97K Despite Falling BTC Market Share Uniswap And Chainlink Price in Crisis: Big Investors’ Liquidation Signals Potential Market Shift Robert Kiyosaki Warns Bitcoin May Crash to $60K – Ready to Buy the Dip DMM Bitcoin exchange shuts down after a $321 million fraud incident Shiba Inu Burns Spike 7,418% In 1 Week – Can SHIB Price Continue Pushing To New Highs? Bitcoin Traders Eye $77K CME Gap, Analyst Declares it Highly Unlikely Michael Saylor to Microsoft: it’s more make sense buy Bitcoin rather than your own stock XRP Flips Tether Becoming World’s Third Largest Crypto as Prices Soar Bitcoin Exchange Balances Plunge as Long-Term Holders Help Drive Price to $98,000 From Coin-Operated Machines to Token-Operated Gaming $2 and $110 Billion XRP: What's Next? Shiba Inu (SHIB) Enormous Move for Erasing Zero, Pepe (PEPE) Fundamental Breakout Secured Bitcoin dominance drop and ready to break multi-year support, analyst says Charles Hoskinson Apologizes for Past Conflicts and Urges Blockchain Unity