CandleFocus Bitcoin Recovers But Falls Below The $58,000 Mark
2024-09-11
Author: Content Editor
The Bitcoin price is currently in a downtrend but is making an upward correction as it tries to recover. If it breaks above the 21-day and 50-day SMA moving average lines, it could continue the uptrend and reach previous highs of $64,000 and $70,000. However, if it moves away from the moving average lines, it may trade above the $52,000 support but below the moving averages, and a break below the support level could send it back to its previous low of $49,000. The current value of Bitcoin is $57,658. The resistance and support levels to watch are $70,000, $80,000, $50,000, and $40,000. The cryptocurrency recently crashed after hitting resistance at $58,000, and the upside remains uncertain. The bears will try to push Bitcoin back to the current support level of $52,000. Ultimately, readers are advised to do their research before investing in cryptocurrency.
Related News
Choke Point 2.0 is hurting Kamala Harris' 'crypto reset' Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling? Dogwifhat (WIF) Set For Rally? Whales Amass $33.35M, What’s Next? OpenAI fundraising could push valuation to $150B Dogecoin Leads Meme Coin Market with Unmatched Social Media Activity Breaking: UK Grants Legal Clarity To Digital Assets With New Crypto Bill Bitcoin Exchange Reserves Decline Signals Potential Price Surge 5 Things Solana (SOL) Price Needs to Hit $1K Why Bitcoin Retesting $57,000 Is Good For The Price UK’s New Bill to Safeguard Crypto Ownership—Will It Prevent Scams and Fraud? Liquid Restaking Is Big Already, And It Could Get Much Bigger Ethereum (ETH) Whales Quietly Keep Accumulating to Now Control 43% of Supply 3 reasons why Ethereum price has lagged behind Bitcoin in 2024 Bitcoin Miners Are Still Buying New Hardware Despite Headwinds—Here’s Why Attention Those Holding These 7 Altcoins: Supply Will Increase A Lot In The Coming Period Election Volatility? Bitcoin Doesn’t Care, Says Analyst CPI and PPI Reports Could Drive Bitcoin’s Next Surge—Will $55K Support Hold? Ripple Whale Dumps 40 million XRP, Price Crash Imminent? Swift unveils global infrastructure to streamline tokenized asset transfers Whale Transactions Dip for Bitcoin and Ethereum as Market Calms Before the Storm Will Ethereum Price Slip To $2K Amid Massive ETH Dump? Fidelity Says Stablecoins Will Drive ‘Divergence’ Between Bitcoin and Ethereum – Here’s Why Singapore Leads With $1 Billion in Stablecoin Transactions Amid Global Push SUI Price To Take a U-turn? Analysts Predict Bullish Momentum Bitcoin and Ethereum Whales Activity Sparks Concern; Crypto Bear Market Imminent? Institutions Offloading Rocket Pool After Surge: Time to Sell? Legendary Analyst il Capo Writes a Bullish Scenario for Cryptocurrencies, Explains What It Takes to Make It Happen Dogwifhat (WIF) Poised for Another 12% Price Drop, Here’s Why Movement Labs targets 1-second L2 finality by end of 2024: Co-founder Journalist Nicknamed “FED Spokesperson” Talks About the Fed’s Next Move Ripple Not Reliant on XRP Holders, Business Expert Claims The Giant Bitcoin Whale Woke Up from a Long Winter’s Sleep: He Paid a Ridiculous Price Years Ago, Here’s His Wealth Now Young consumers may be getting bored with blockchain loyalty reward programs Why Is The Bitcoin Price Not As Volatile As Before? Analyst Targeting $100,000 for BTC Speaks Out UAE: Fasset launches the government-backed Ethereum L2 blockchain IOWN Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts Vega Chain to Cease Operations Following Governance Vote Here’s When Bitcoin Could End Its Consolidation Period and Kick Off New Leg Up: Jason Pizzino What Caused XRP Price To Crash Today Top Analyst Downplays Panic Over Bitcoin ETF Underperformance Grayscale’s Sui Trust opens for accredited investors DFINITY president notes 500% YoY ICP compute growth Stablecoins on L2 networks just surpassed $10B McAfee Alerts Crypto Wallet Owners to Mobile Malware HashKey Cloud Partners with Kintsu to Boost Monad Network Security Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest The debate came and went without a crypto mention. What now? Singapore Crypto Ban: Casinos Block Crypto Use Amid Money Laundering Fears DOGE Hits Resistance at $0.1055; Bears Target $0.0890 Does Bitcoin’s negative funding rate signal that bears are in total control? Fewer Women Own Crypto Than Men, But They HODL Just as Well: Report DEX wars heat up as Uniswap's dominance slips to 36% amid rising competition Paradigm-backed startup Succinct and OP Labs aim to solve ZK rollups The next chapter in the Robinhood stock saga: What solution FTX offers to the conflict Bitcoin Vaults and the Future of Bitcoin Custody Fox Wallet Integrates with B² Network to Enhance Bitcoin Transactions Exclusive: TD Markets Secures Crypto Asset Service Provider License in South Africa CFTC Forms Alliances to Address Crypto "Pig Butchering" Scams Bitcoin price is moving into uncharted territory; altcoins at risk Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB VanEck, StoneX analysts peg Ether price upside at $12K to $22K Degens Lose Again After Betting That Trump and Harris Would Debate Bitcoin and Crypto Whopping $1.7 Billion In Bitcoin in 72 Hours – What’s Going On? Ripple’s (XRP) Buy Signal May Hurt Your Investments Ford, Toyota double down on blockchain as driverless car tech stagnates 2 Lesser-Known Indicators Predict Dogecoin (DOGE) Price Fall Under $0.10 Ex-Alameda CEO was trying to prevent ‘AI disaster’ — former FTX employee Toncoin (TON) Price Likely to Bounce Back After Minor Rejection China's Digital Yuan Surpasses $1 Trillion In Transactions, Eclipses USDC & USDT Chainlink dominance challenged by Pyth’s 46x growth in 2024 Are Ethereum Staking Yields Too High? 10.21 Trillion PEPE in 24 Hours, What's Happening? Major memecoins are down 63% on average despite market frenzy 309 Billion Shiba Inu Withdrawal Stuns SHIB Community Friend.tech team sold $52M in 6 months, faces rug pull allegations Shiba Inu Whales Shift 1.11 Trillion SHIB in Rare On-Chain Anomaly CleanSpark buys seven bitcoin mining facilities in Tennessee for $30 million With One Week Left to the Interest Rate Decision, Deutsche Bank’s Critical Warning Came: “May Not Be As Expected” BNB Fluctuates In A Narrow Range And Reaches $520 Bitcoin dismisses on-point CPI print as daily BTC price losses pass 3% SHIB Price Prediction for September 11 Caroline Ellison asks for time served, citing cooperation with US gov’t Shiba Inu (SHIB) Suffering From 'Tremendous' FUD Will Ethereum Rally? Metalpha Dumps Another $51M in ETH XRP Rockets 3,750% in 24 Hours in Abnormal Liquidation Imbalance Pendle expands yield opportunities for Bitcoin holders with new BTC pools GameStop in danger: Can GME stock hold the $20 mark? Why bearish may be the new bullish ? Tether Beats BlackRock with $6.2 Billion Profit in 2023 CUDOS may join Fetch.ai, SingularityNET, and Ocean Protocol as member of ASI Alliance Bitcoin Mining Difficulty Hits Record 92 Trillion Tron Increases Energy Cap to 150B; Impact on TRX Staking! Analysts "Bitcoin (BTC) Is Preparing for a New Rally! Here's the Data!" Polkadot Recovery Stalls As Bearish Pressure Returns With $3.5 In Sight Will the Crypto Market Crash Again? Here’s What the Data Says Top 5 Ethereum Competitors Turning $10K into $1M Osmosis Launches Cross-Chain Token Portal 'Polaris,' Expanding Beyond Cosmos Roots Ripple Renews NYU Abu Dhabi Partnership for Blockchain Research PancakeSwap Launches AI-Powered Prediction Bot on Telegram Coinbase Resumes Polygon Support After POL Migration Multiple Analysts Recommend Shorting Cardano, Targeting 33% Crash to $0.21 Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase State Regulator Warns of Crypto Fraud After Investor Loses $750K Bitcoin’s Dirty Secret Desperately Needs a Green Fix Bitcoin Bull Run Looks Imminent as Exchange Reserves Decline Bitcoin (BTC) Death Cross Imminent? Price Makes Risky Moves How will Bitcoin react to the Fed's interest rate cut? DIA Integrates with Stacks Ecosystem, Enhancing DeFi Development with Customizable Oracle Feeds Buy signal for two strong cryptocurrencies to buy this week DIA Introduces ‘Lumina’: A Revolutionary Rollup-Based, Trustless Oracle Design Monero (XMR) price outlook amid latest privacy allegations Ripple CTO Thanks Elon Musk in Surprising X Post Binance Labs Invests in Blum Arris Partners with HyperPay to Enhance Web5 Wallet Solutions VeChain News: Boston Consulting Group’s Head of Blockchain Joins VeChain x BCG Hackathon – Catalyst to Shape the Future of X-to-Earn dApps Can Cardano (ADA) Break Free from Its $0.330 Resistance Level? Memecoin Mania : Investor Turns $278K into $2.44M with TURBO’s 10x Surge Atlas to merge Solana’s speed with Ethereum’s security POPCAT Fall Under $0.65: Will SOL Memecoin Price Recover? XRP Price Risks Drop to $0.47 as Analyst Calls Ripple 'Scam' Telegram Game Catizen $CATI Token Airdrop PreMint on Gate.io ICP Price Surges 11%, Analyst Predicts Potential 750% Rally IOTA News: Don’t Miss Out – IOTA’s European Blockchain PCP Success Signals Bullish Q4 Dune Analytics builds a full data hub on Polkadot’s 50 parachains Pay Attention to This Date! Bitcoin Exchange Binance Releases an Update for Spot and Margin Trading Ancient Bitcoin Wallet Sees Epic Awakening After 11 Years of Dormancy Bitcoin ‘huge bear market starting’, according to BTC short-seller $64,500 or $49,500: Which Comes First for Bitcoin Price Cryptocurrency price analysis: EGLD, NEAR, and NEXO Aptos navigates token unlock amid layer-1 ecosystem growth Bitcoin Recovers But Falls Below The $58,000 Mark Crypto ranks as second most targeted industry for ID fraudsters in 2024 Early Bitcoin Developer Backs Satoshi Nakamoto Theory After Taproot come OP_CAT, CATNIP Fractal and maybe a fork Polymarket hits weekly all-time high in user activity tied to US election Stellar Strengthens USDC Global Payment System with Zypto and MoneyGram LayerZero Selected as WBTC Interoperability Provider for BitGo Dogwifhat Whale Accumulations Soar; Is A WIF Price Breakout Ahead? DuckDuckGo and Bing users warned of Etherscan phishing website Bitcoin News: Japanese Yen Pump Can Trigger Yen Carry Trade Unwinding, Will BTC Price Hold Up? Founder of AlphaHuskyClub Sees XRP at $15 and XLM at $5 if BTC hits $120K $277 Million in Ethereum (ETH) Shifts Hands: Details Doors Open at Prometheum as Much-Disputed Firm Tests Crypto Tokens as Securities Erik Voorhees Reacts as Elon Musk Names Big Hurdle in Getting to Mars Donald Trump Rant About Immigrants 'Eating the Pets' Didn't Do Much for Conspiracy Meme Coins IQ GPT Integrates with LTO Network to Expand Its Blockchain Utility for Community Robinhood’s Tenev says crypto can solve tradfi legacy issues Bitcoin Critic “Black Swan” Author Praises Gold as Central Banks Stacking It EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (DXY)? Investment Bank Jefferies Publishes Bitcoin Mining Report A Bitcoin Chart That Offers Hope to Battered Crypto Bulls Floki Inu Launch Trading Bot; Trade Across ETH, BNB, & Base! Vitalik Buterin Defends Ethereum “Bullposting” Amid Persistent FUD Polygon News: MATIC Token Upgrades, $2.1B Stablecoin Cap, and RWA Expansion Highlights Networks Progress Polyhedra Announces Its Integration with BitGo to Protect Cross-chain Transactions Linea’s growth lead resigns over vision discrepancies Shiba Inu (SHIB) Burn Rate Skyrockets 8,193%, Price Lifts Off XRP $0.55 Denied Brutally: 3 Levels to Watch Next Will Ethereum (ETH) Decline Further Amid Market Volatility? The balancing act: How global regulatory shapes fintech innovation | Opinion Gemini Founder Reiterates Support for Deaton, Criticizes Elizabeth Warren for Lying About Her Anti-Crypto Stance Two Levels Are Critical in Bitcoin: Half a Billion Dollars in Loss Possible! SUPER rallies over 17%, breaking key resistance ahead of a new SuperVerse game launch Breaking News: Internet Computer Surges Over 10% in 24 Hours The Top 10 DeFi Altcoins in the Cryptocurrency Industry Have Been Announced! Here is the Full List! Daily Market Review: BTC, ETH, ICP, AAVE, FET Key Altcoins Signal Potential Undervaluation: LDO, NEXO, SUI, JUP, and ONDO Terra Classic ($LUNC) Breakout: Can the RSI Hold for a Massive Rally? Cardano Faces Stiff Resistance at $0.346: Can Buyers Break the Range? Notcoin (NOT) Eyes $0.005 as Bears Attempt to Revisit All-Time Low Marinade hires Fidelity Digital Asset Services founding president as chief commercial officer Solana’s Active Addresses Hit 4-Year High: What’s Driving It? Shiba Inu Retail Traders Exiting, Small Wallets Drop to Lowest Level Since 2022 Top Analyst Says Buy XRP Now Before it reaches $40 Investors are Bullish on These 3 Coins Amid Coinbase Stock Price Surge What Is ‘NFL Rivals’? The iOS and Android Football Game With NFTs on Polkadot Ulster U Research Paper Indicates “Ripple Private Ledger Testing for Digital Euro” Crypto Prices Today Sept 11: BTC At $56K, Meme Coins Wane, AI Coins Soar Pepe (PEPE) Reaches Peak Overvaluation, Puts Holders at Risk Cryptocurrency Company in Istanbul Hit by Birds! Shot for the Third Time in a Row! Bitcoin to eventually bottom as perp funding rates remain negative: K33 report Cardano Creator Debunks ADA FUD Solana Active Addresses Hit All-Time High: What it Means for SOL Price The ex CEO of Binance CZ is about to be released from prison: possible rally for the crypto BNB AI Tokens ICP, FET Buck Crypto Market Drop as Apple Flags Artificial Intelligence Foray Bitcoin short-term holder demand weakens, long-term accumulation continues: CryptoQuant Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says Wallet Linked To Ethereum Founder Sold 190 ETH, Is ETH Price To Plunge? ICP Skyrockets by Double Digits, BTC Price Stopped at $58K (Market Watch) Aave Targets Coinbase’s cbBTC for V3 Integration on Base Bitcoin Recovery: Has BTC Prevented A Fall To $41,000 With This Surge? Tokenized RWA Platform Huma Finance Gets $38M Investment, Plans Expansion to Solana and Stellar’s Soroban $1 Million Bitcoin Price Prediction Dangerous? Samson Mow Responds Singapore drops cryptocurrency use for gambling citing money laundering concerns Crucial Ethereum (ETH) Upgrade Can Lead to 100x: Adam Cochran Reveals OKX Ventures Partners with Nytro Lab by Investing in Its Castile Beta Test Animoca Brands Japan Joins Orbs Ecosystem as Layer 3 Guardian Bitcoin volatile as August CPI report looms Turkish Entrepreneur Wins Grand Prize from Binance! A First in the World! Here Are the Details Bitcoin drops on Trump Harris debate with BTC price down 2.2% pre-CPI Billions of SHIB Tokens Stolen from Major Exchange Shiba Inu Reveals How Shiba Eternity Players Can Win Rewards in This Tournament Binance Announces It Will Delist Some Altcoin Trading Pairs! Here Are The Delisted Altcoins! Bitcoin Price Today: After 118% Surge, What’s Next for BTC Price in 2024? Singapore Investigating Seven People for Providing Worldcoin Services Bitcoin Nearing “Grand Final,” Top Trader Says Bitcoin Hits $58K While Mid and Large Wallets Stall, Wen New ATH? South Korea’s FSS Initiates On-Site Inspections of Crypto Exchanges AAVE Soars 21% To Hit 2-Year High, $182 Target in Sight Binance Labs Boosts Web3 Startups with New Funds Donald Trump-Themed Meme Coins in Freefall Following Fiery Debate With Kamala Harris XRP Price Ready To Breakout: Buy Now Before It Skyrocket Hints Top Analyst Caroline Ellison Shouldn't Go to Jail After FTX Collapse, Attorneys Say Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO Bitcoin shorters ‘likely to get burned’ if CPI prints as expected Shiba Inu Price Forecast Amid Second Liquidity Run in Less Than A Month Crypto Crash Incoming? China’s Real Estate Crisis Sparks Fear Bitcoin Slides, Yen Gains as Trump-Harris Debate Disappoints Markets Based Rollups pitched as fix to Ethereum incentives amid L2 fee debate Experts: Crypto In Early Stages of Growth Despite Rising Adoption Regulators Partner to Bolster UAE's Crypto Hub Status What Will Happen in Bitcoin and Cryptocurrencies in the Coming Days? Here are Analysts’ Opinions Latest Publication Confirms Ripple Still Using XRP to Power Cross-Border Payments Can Dogecoin Price Double Amid Musk-Swift Spat? ENS rallies following integration on PayPal US Bitcoin ETFs hit $117M in daily inflows, Ether ETFs back in green Elon Musk-Themed Telegram Game ‘X Empire’ Opens Pre-Market Trading Ahead of Airdrop XRP trades at $0.53 but could gain from Ripple stablecoin, analyst claims Atomic Wallet wins dismissal of class suit over $100M hack ETH/BTC Trading Pair Highlights Bitcoin’s Dominance, But Will the Fed Rate Cut Change the Trend? India to license 2 offshore exchanges in 2025: report BNB Price Reclaims $500: Can Bulls Maintain the Push? US Bitcoin ETFs hit $117M in daily inflows, Ether ETFs back in green Bitcoin Miners Push Hash Rate to ATH Amid Dipping Revenue and Investor Pullback SEC Commissioner Hester Peirce Slams Agency's Approach With SAB 121 XRP Price Slips But Will The 100-SMA Ignite A Comeback? ETH/BTC Trading Pair Highlights Bitcoin’s Dominance, But Will the Fed Rate Cut Change the Trend? New ATH Incoming? Analyst Reveals Why Bitcoin’s Next Rally Is Around the Corner Harris’ winning odds on Polymarket rise to tie with Trump after debate US lawmakers divided in first Congressional hearing on DeFi 5 Crypto Portfolio Trackers Reshaping Investment Strategies Harris-Trump debate ends without mention of cryptocurrency Altcoin market resilience signals ‘potential regime change’ — Analysts Harris-Trump debate: Trump’s odds to clinch election fall 3% on Polymarket Bitcoin miner solves block alone, grabs $180,000 reward Ethereum Price Eyes Bullish Momentum: Is a Breakout Imminent? Nubank to discontinue Nucoin, allows conversion to Bitcoin or USDC Tezos price prediction 2024-2030: How high can XTZ rise? SEC has levied over $7.42 billion in fines against crypto industry: study Solana could rally as Breakpoint conference approaches Why Ethereum ETFs are underperforming amid rising ETH exchange reserve ENS rallies following integration on PayPal China's Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals Bitcoin Misses the Mark in Trump vs. Harris Debate; Price Rises Above $57k Amid Missed Agendas Bitcoin Price Battles to Extend Gains: Will It Clear $58K? MAGA Coin Drops Over 8% Following Trump’s Debate Mention: Is Kamala Harris Gaining the Upper Hand? Goldman Sachs Predicts Resilient Stock Market Despite $4 Trillion Sell-Off Unlock the Digital Art Goldmine: 5 NFT Marketplaces Dominating 2024 Bitcoin Price by 2030: Analyst Reveals What Happens If Donald Trump Or Kamala Harris Wins 5 Ethereum Wallets Transforming Digital Asset Management in 2024 DOGE, PEPE, and SHIB Lead Top Meme Projects by Social Activity Stablecoins volume on Ethereum reaches an all-time high despite market uncertainties 3 Crypto Gainers: HNT, UNI, and ORDI Now Ready for a Pullback? Trump and Harris face off in debate as future crypto policies remain unclear Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise? Presidential debate live updates: Donald Trump Wants To Send A MAGA Hat To Kamala Harris Ethereum (ETH) Paints Grim Reversal Pattern, Solana (SOL) Whales Not Bullish, Bitcoin (BTC) Enters $60,000 Path Dogecoin (DOGE) Performs Massive Breakout, On Verge of Bull Run? Surge in USDT Holdings on Cryptocurrency Exchanges Signals Potential Market Activity Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC Trader Says Solana and Three Additional Altcoins Are His Picks for Longer-Term Accumulation Zulu Network Partners with Cobo to Revolutionize Bitcoin Operations BNB Weekly Active Addresses Surge Over 6% – Is A Rally On The Way? ATOM Price At Multi-Year Low: What’s to Come Next for Cosmos?