CandleFocus Bitcoin Risks Crash to $85,610 if Key Support Fails, Analysts Warn
2024-11-27
Author: Content Editor
Bitcoin is facing further declines if it fails to hold support at $91,583, with the next key target being $85,610. The cryptocurrency experienced a sharp downturn, falling below $98,000 and $96,000 over the weekend. Despite briefly reaching $99,000, Bitcoin was unable to maintain upward momentum towards the $100,000 milestone. Analysts are pointing to technical indicators such as the TD Sequential indicator and the MACD indicator, which suggest a bearish trend. However, some analysts believe that pullbacks are normal in a bull market and still predict Bitcoin could rally to $150,000.
Related News
Bitcoin (BTC) Consolidates at $93K, Altcoins Try to Break Out (Market Watch) Crypto ETF issuer Bitwise rebrands XRP ETP with Ripple’s backing $DOT Dominates Accumulation Zone with $12.24B Market Cap: Top 10 Accumulation Phase Assets Grayscale reopens private placements for accredited investors at NAV Italian entrepreneurs investigated for ties with Russia and crypto DWF Labs Latest Report Highlights Crypto Market Trends and Growing Institutional Adoption ACT I launches $1 million innovation fund for AI meme projects OKX, Forteus, and Komainu Collaborate for 24/7 Institutional Crypto Trading Consensys CMO Neal Gorevic Shares 3 Crypto Marketing Strategies Data Shows Long-Term Holders Dump 507K BTC Worth $47B as Bitcoin Eyes $100K Daily Market Review: BTC, ETH, ZEC, TIA, ALGO Bitcoin $100K Dream Delayed: A Look Back at Historical Cycles and What’s Next Ethereum (ETH) Founder Vitalik Buterin Sold Memecoin Again, Made a Donation! 'Rich Dad Poor Dad' Author Reveals Key Quality for Being Rich as Thanksgiving Nears Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead Here’s When Bitcoin (BTC) Could Hit Massive $250,000 Price Tag, According to Billionaire Tim Draper: Report Bitcoin Falls to $92,939; as BTC Selling Pressure Mounts Bitcoin (BTC) to Crash Even More, Says Schiff Why is Zcash (ZEC) Price UP? Crypto Is a Plausible Story, Cramer Claims Analyst Says Doubling Positions in Shiba Inu, Predicts SHIB Surge to $0.0002 Bitcoin Exchange Binance Announces Listing of Multiple Altcoin Trading Pairs! Stellar (XLM) Loses $130 Million in Open Interest After Doubling Its Price Matrixport Draws Attention to the Increasing Interest of Institutional Investors in Bitcoin Report! Here Are the Details Ethereum’s Technical Chart Signals a Potential Rebound to $3,560 Shiba Inu Team Says SHIB is Here for Long-Term, Plans to Pass Torch to Next Generation Former CFTC Chair Predicts SEC to Drop Ripple Lawsuit Under Donald Trump Administration Bitcoin options show increased caution as $100K remains elusive Transit Swap Integrates Across Protocol for Enhanced Cross-Chain Swaps Bitcoin Exchange OKX Announces Listing of Numerous Altcoins in USDC Pair! Top Analysts Say XRP To Breakout Soon After Recent Dip Cardano (ADA) Price Prediction for This Week Bitcoin Risks Crash to $85,610 if Key Support Fails, Analysts Warn Can DAOs Be Sued? Insights From Lido’s Recent Case Can Stellar (XLM) Regain Momentum After a 13% Drop? Impact of Digital Assets on Financial Stability Minimal: NY Fed Report Says Worldcoin (WLD) Price Dips Despite Panama Expansion News Understanding Polymarket And Prediction Markets Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise Cardano Founder Charles Hoskinson Reveals Bitcoin Price Prediction for 12 to 24 Months Ahead ‘Hawk Tuah girl’ Launches $HAWK Memecoin; Faces Backlash Here’s How Much You Need to Make $1M with Dogecoin if DOGE Hits $5 or $10 Solana’s DEX Ecosystem Soars Past $100B: What’s Ahead for SOL? Polygon’s Surge Past $0.6 Could Lead to a Massive Rally Ripple (XRP) Price Prediction for This Week Helium: 25% rise imminent for HNT? 2 factors suggest… Pepe whale sells 254.65B tokens: Does this signal bearishness? Judge denies appeal from promotor accused in $18M crypto fraud case WalletConnect launches first airdrop season with 50 million tokens allocated to community members Bitcoin has a 50-50 chance of reaching $100K by year-end: Options data Fantom (FTM) Defies Market Downturn, Eyes 40% Rally Here Are Three Promising Altcoins for the Next Crypto Market Bounce, According to Top Trader Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk Litecoin Price Forecast: Whales invest $950M in 73-day buying spree amid LTC ETF approval rumours Mapping Aave’s 2024 growth: Is $200 the next target in 2025? Trump's Crypto Aide: Crypto to Become the 'Most Critical' Voter Block in the US Economic Secretary Outlines UK's Ambitious Plans for Digital Asset Adoption SOL Bulls in Focus: A Make-or-Break Week Ahead? Vitalik Buterin Sold His Meme Coin Holding, But Why? BIS highlights DeFi’s role in liquidity; Malaysia eyes CBDC Bitcoin could drop 20% if moves stay tied with M2 money supply: Analyst Ren Protocol Breaks Silence with Upgrade News Amid Binance Delisting Drama Bitcoin’s Price Dip Triggers Alert On NVT Golden Cross—Here’s What To Watch For XRP Price Stabilizes at $1.30: Can Momentum Build? Japan’s $140B Economic Stimulus: Key Measures to Boost Growth and Consumer Spending The Unmatched Advantages of SFTs: A New Era in Tokenized Assets Solana's Pump Fun Denies SOL Sale Despite $138M Deposit to Kraken Will Telegram’s Crypto Holdings Keep Rising After Reaching $1.3B in H1 2024? Cardano Price Prediction For November 27 XRP Price Prediction Today: Breakout or Breakdown? Oracle Corp again sues crypto firm for alleged trademark infringement Market turns for L2 tokens after months of sideways trading Drug cartels are reportedly using Tether (USDT) for money laundering Japan's FSA Pitches Relaxed Regulation for Crypto Brokerages Crypto miner MARA wants US moving quicker to gobble up Bitcoin Ethereum Price Maintains Strength at $3,250: Upside Ahead? SEC News : Is Paul Atkins What Crypto Needs Now? 5 Exceptional Use Cases of Semi-Fungible Tokens in Modern Blockchain Applications Financial markets lack faith in the BoE’s ability to curb inflation AI, Tesla, DOGE: Here’s how Elon Musk’s bold bets are reshaping his $300bn empire Suriname presidential candidate eyes on Bitcoin as currency Gate Card: What Is the Centralized Exchange’s Crypto Card? Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy Bitcoin Price Corrects to $90K: Healthy Dip or Cause for Concern? 5Innovative Cryptocurrencies to Track for a Thriving 2024 Bitcoin Price Holds Firm Despite Dip, With $92.5K Mark Seen as Crucial Aave price prediction 2024-2030: Is AAVE a good investment? What Will Change for Bitcoin and Cryptocurrencies After Trump Becomes President? Here’s What Wall Street Experts Say Institutions Just ‘Waiting To Buy Up’ Bitcoin, Says MARA CEO What The 50-Day Moving Average At $0.22 Says About The Dogecoin Price Economist Alex Krüger Predicts Runs for Bitcoin, Altcoins and Memecoins, Sees March 2025 Turbulence CryptoQuant CEO Sees No FOMO in Retail Bitcoin Activity Despite Price Fluctuations zkLink Partners with Delysium to Explore AI and Blockchain Integration Ripple Drops Another $25M Into Crypto PAC to Sway 2026 Congressional Races XRP Price Prediction for November 27 XRP, ADA Omitted From Wyoming Stablecoin Project Amid Legal Tensions 100k or 80k; Where is Bitcoin Price Heading by November End? Trump's Bitcoin Backing and Supply Chain Agenda Could Position El Salvador as Key Ally: VanEck Are Charles Schwab spot crypto ETFs coming? PEPE Price Drops After 105% Monthly Gains: How Long Will the Correction Last Shiba Inu’s $1 Dream: Can a 99% Burn Make It Happen? What the UK’s FCA is focused on while drawing up its crypto regime CARV Partners with Mind Network to Build a Privacy-Driven Web3 Ecosystem OpenAI’s Sora text-to-video tool leaked by aggrieved beta testers Bitcoin ETF volume reached $5b as Bitcoin price dropped $91k CryptoQuant CEO Says Ethereum Rival Has Achieved Strong Market-Product Fit Hosting $60,000,000,000 in USDT The Current Correction In Bitcoin Is The Last Before A Major Rally—Here’s Why Top Generative AI Tokens Revolutionizing Decentralization in 2024 BlueSky Sees Surge in New Users and Child Pornography Former Solana Foundation employee starts US media company Tornado Cash Sanctions Overturned by U.S. Appeals Court Bitcoin could fall to $88,000 before making another attempt to break $100,000 – Glassnode ‘Massive’ — BuilderNet aims to solve Ethereum’s centralized block problem Bitcoin Crashes Under $93,000: What’s Behind It? Dogecoin (DOGE): Dreams of $1 Over? Sharp XRP Skyrocketing Still Possible, Cardano (ADA) Stronger Than Everyone Else Big victory in Tornado Cash case as judge says OFAC exceeded authority The Best Cryptocurrencies to Invest in November for Unmatched Returns in 2025 Crypto Whale Pockets $4.81M in Gains from $PEPE on Binance 5 Cryptocurrencies Poised for a Big Future: A Look at Their Potential Is the Metaverse Sector Alive? Latest Developments in the Virtual Space Electricity shortages thwart Russia’s AI ambitions, despite crypto mining bans Top Centralized Exchange (CEX) Tokens Driving Blockchain Innovation and User Engagement