Bitcoin price $60K support not yet safe as more macro headwinds stack up
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Bitcoin analysis warned that $60,000 may not hold next, as bear-market moves continued and macro hurdles multiplied.
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Bitcoin analysis warned that $60,000 may not hold next, as bear-market moves continued and macro hurdles multiplied.
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Bitcoin traders warned that it should be Q3 at least before the real BTC price bear market bottom entered.
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Bitcoin realized losses remained below the $211 billion tally from 2022, leading to a prediction that the next bear-market bottom was not yet in.
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Bitcoin sellers were losing steam, market analysis said as ongoing BTC price downside brought the market closer to $60,000.

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Bitcoin struggles to overcome US selling pressure with markets on edge ahead of Nvidia's Q1 earnings report.
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BTC price stayed pinned below $77,000 amid rising US bond yields and oil prices, with market analysts saying Bitcoin is now at a "crucial level of support."
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Bitcoin faced a choice between consolidation and new local highs as $80,000 support held despite flash BTC price volatility and liquidity grabs.

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Bitcoin avoided a weekend drop as $80,000 stayed in place, but traders saw BTC price action dipping below before continuing higher.
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Bitcoin market participants favored a short-term return to $73,000 as resistance stayed in place, with some analysis seeing even lower levels.
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Bitcoin and risk assets faced an uphill struggle after the S&P 500 hit new all-time highs as analysis warned that BTC price support was at risk.
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Bitcoin brought its bull market support band as a key level for BTC price action to reclaim during the weekly candle close.
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Bitcoin achieved new six-week highs at the week's first Wall Street open, but analysis stayed risk-off, arguing that the long-term BTC price downtrend was still in place.
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Bitcoin traders demanded further support reclaims to avoid a return to fresh macro lows next, as BTC price hit six-week highs.
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Bitcoin moved back above $70,000 after the United States Consumer Price Index met market expectations, while traders monitored oil prices.

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Two-year Bitcoin hodlers have βabsorbedβ seller pressure in recent weeks, according to new research, but most analysts still expect new macro BTC price lows.
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Bitcoin round-tripped gains after a spike to $70,000 as liquidity traps began to characterize BTC price action on the US bank holiday.
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Bitcoin market analysis focused on liquidations and the wick to $59,000 for signs of the next significant BTC price move on lower time frames.
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Bitcoin volatility spiked on the back of surprisingly strong US nonfarm payrolls numbers, but traders retained $50,000 BTC price targets. Will a Fed rate decision lead to a bullish outcome?

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Bitcoin analysis warned the $69,000 mark may end up as long-term resistance again, thanks to its significance in BTC price history.
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Bitcoin price forecasts still favor lower macro lows as traders brace for US inflation data and renewed Japan-driven currency volatility.