Bitcoin has tested the $88,000 mark twice in recent hours but faced resistance at that level, causing a notable retreat on both occasions. As of the latest updates, the cryptocurrency is trading around $87,000, gradually recovering from last week’s drop to below $82,000, largely fueled by increasing expectations of a Federal Reserve rate cut. Analysts remain optimistic that we have not entered a bear market, anticipating that liquidity injections will support a rise in the markets. However, noted analyst Daan Crypto Trades indicated on Sunday that Bitcoin has lost its Bull Market Support Band, creating a significant $20,000 gap to regain this key support area. Despite this, he believes the asset may return to this level as long as the lows from April are defended. In April, Bitcoin dipped to $75,000, but this recent correction has been more pronounced. Analyst ‘Rekt Capital’ analyzed the weekly candle, suggesting that a close above $86,000 could lead to a bounce back to $93,000 due to minimal support and resistance in that range, while ‘Stockmoney Lizards’ pointed to a breakdown pattern reminiscent of previous market behavior earlier this year. However, crypto commentator ‘Colin Talks Crypto’ urged caution, expressing skepticism about a rapid shift toward bullish sentiment and noting that a major rally would require reclaiming significant levels far above current prices. Currently, BTC is valued around $87,000 following a recovery over the weekend.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has tested the $88,000 mark twice in recent hours but faced resistance at that level, causing a notabl […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-5409","post","type-post","status-publish","format-standard","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"ja","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/ja\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"Bitcoin has tested the $88,000 mark twice in recent hou…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/posts\/5409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/comments?post=5409"}],"version-history":[{"count":0,"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/posts\/5409\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/media?parent=5409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/categories?post=5409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ja\/wp-json\/wp\/v2\/tags?post=5409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}