• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

What is a Layer-1 (L1) Blockchain? L1 Problems & Future

2025-05-03

What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

2025-05-02
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Altcoins»Bitcoin bounces 5% within 12 hours- are the bulls back?
Altcoins

Bitcoin bounces 5% within 12 hours- are the bulls back?

2023-08-02No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The data offered doesn’t represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion.

  • Bitcoin has a short-term bearish outlook regardless of the bounce.
  • A liquidity hunt to the $30.4k space can happen, however any additional features would present bulls have been slowly regaining management.

Bitcoin [BTC] noticed a sizeable short-term bounce from beneath the $29k stage. On the time of writing the king coin was buying and selling at $29.6k. Bitcoin merchants can be eager to see if this current transfer would proceed increased. If Bitcoin can climb above $30.4k and reclaim $30.6k as help, it might reinforce the concept that BTC was headed towards $31.5k.


Learn Bitcoin’s [BTC] Value Prediction 2023-24


Nonetheless, Bitcoin has been bullish in 2023. It might have to drop under $24.8k for this weekly timeframe bias to flip bearishly.

The H4 Bitcoin bearish order block was tagged, additional losses appear seemingly

Bitcoin bounces 5% within 12 hours- are the bulls back?

Supply: BTC/USDT on TradingView

The $29.7k area was a decrease timeframe consolidation zone and had a bearish order block on the 4-hour chart. After the current bounce from $28.8k prior to now 24 hours, the market construction was on the verge of being flipped bullish. The RSI climbed previous impartial 50, and the CMF confirmed vital capital influx through the bounce.

But this doesn’t present bullish sentiment was again out there. We would not be beginning a reversal, as a result of there have been liquidity swimming pools on the $29.7k and the $30.3k areas that might appeal to BTC costs. After a retest of those zones, BTC may very well be prepared to maneuver downward.

See also  Bitcoin crashes 7% in 24 hours - Here's why and what to expect next

The construction was bearish on the 1-day chart after the drop to $29k on 24 July. Due to this fact, regardless of the decrease timeframe bounce, merchants can look so as to add dimension to quick positions. Alternatively, a safer route for merchants already in a brief place can be to attend for costs to achieve invalidation or proceed bearishly with out including to the place.


Is your portfolio inexperienced? Test the Bitcoin Revenue Calculator


The Open Curiosity confirmed the current bounce satisfied some speculators to bid

Bitcoin bounces 5% within 12 hours- are the bulls back?

Supply: Coinalyze

On 31 July, the value of Bitcoin started to descend slowly from $29.4k to achieve $28.8k on 1 August. Throughout this time, the Open Curiosity was on an uptrend. This was an indication of sturdy bearish sentiment and famous quick positions have been opened as costs continued to descend. A drop in OI accompanied the bounce in BTC costs late on 1 August.

 

This started to alter over the previous 12 hours because the OI noticed some features. In the meantime, the spot CVD continued to pattern downward. Taken collectively, it confirmed {that a} good chunk of the market individuals remained bearish on the decrease timeframes.

Source link

Bitcoin bounces Bulls Hours
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

How Many Satoshis are in a Bitcoin? A Guide to BTC’s Tiny Units and Their Role

2024-11-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

How is Tether used as a stablecoin in Defi applications?

2024-04-19

DeFi, which stands for Decentralized Finance, has the potential to alter the way in which…

Bitcoin

Bitcoin: Hodlers defy market trends as BTC accumulation persists

2023-07-12

BTC accumulation has continued with over 27,000 per thirty days. BTC value was on an…

Bitcoin

$50K or $40K: Why Bitcoin’s price can go either way

2024-02-06

BTC was down by greater than 1.5% within the final seven days.  Metrics identified that…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

On-Chain Tracker Points Out Interesting Difference Between Current And Past Rallies

2023-10-24

The Changing Face of Risk in DeFi

2024-04-29

Bitcoin holders are not backing off despite challenges, here’s the proof

2023-10-06

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,088.004.27%
  • ethereumEthereum(ETH)$2,250.2218.14%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.316.07%
  • binancecoinBNB(BNB)$629.153.01%
  • solanaSolana(SOL)$163.288.62%
  • usd-coinUSDC(USDC)$1.000.00%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,088.004.27%
  • ethereumEthereum(ETH)$2,250.2218.14%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.316.07%
  • binancecoinBNB(BNB)$629.153.01%
  • solanaSolana(SOL)$163.288.62%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 103,028.60
ethereum
Ethereum (ETH) $ 2,233.11
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.30
bnb
BNB (BNB) $ 628.52
solana
Solana (SOL) $ 163.19
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.195992
cardano
Cardano (ADA) $ 0.766454
tron
TRON (TRX) $ 0.254897
bitcoin
Bitcoin (BTC) $ 103,028.60
ethereum
Ethereum (ETH) $ 2,233.11
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.30
bnb
BNB (BNB) $ 628.52
solana
Solana (SOL) $ 163.19
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.195992
cardano
Cardano (ADA) $ 0.766454
tron
TRON (TRX) $ 0.254897