Loading...
Traders Beware!
Warning!

Fraudulent websites posing to have a connection with JFD

Please be aware of fraudulent websites
posing as JFD's affiliates and/or counterparties

More information
by Marcus Klebe
All Articles 

Bitcoin Under Pressure – Is the Battle for $100,000 Temporarily Lost?

Bitcoin Under Pressure – Is the Battle for $100,000 Temporarily Lost?

For months, heated debates have raged over Bitcoin’s future and the symbolic $100,000 mark. But after the recent pullback, the question arises: Is the rally over for now?

Last week, Bitcoin broke through the critical support zone at $90,000 with strong momentum, falling to the 200-day moving average and marking a low near $78,000. Now, a recovery attempt is underway, but the $90,000 level remains the key test.

From a technical perspective, the crucial level now lies at $97,000. As long as Bitcoin remains below this mark, further downward moves could follow – including a possible retest of the 200-day moving average and recent lows.

However, if Bitcoin manages to break above $97,000, the $100,000 mark could quickly come back into focus. In this scenario, new all-time highs might even be within reach.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).

Copyright 2024 JFD Group Ltd.


MORE MARKET INSIGHTS

Technical Analysis
EUR/USD Reaches Target and Reversal Zone!
2025/03/13 07:25
Marcus Klebe
Technical Analysis
Caution in the DAX – This Zone is Critical!
2025/03/12 07:58
Marcus Klebe
Technical Analysis
Technical Analysis
WTI: After the Downward Move, Now Long?
2025/03/10 08:49
Marcus Klebe
Daily Market Report
Technical Analysis
Technical Analysis
Daily Market Report
Technical Analysis
Technical Analysis