Bitcoin At Critical Juncture – Price Levels To Watch: Analyst

Quick Summary:

Meanwhile, the asset’s trading volume is down by 21.82% and valued at $26 billion.  As earlier stated, bullish sentiment continues to ravage the market as indicated by recent developments, including the surge in Bitcoin Spot ETF inflows.  Meanwhile, the US’s willingness to negotiate a new trade deal with China may signify no further negative developments on international trade tariffs.

Both regions are expected to act as strong price supports in the case of an unexpected decline.  In determining Bitcoin’s next move, IT Tech says that market sentiment remains cautiously bullish as long as the $96,000 support level remains valid.

Meanwhile, a prominent crypto analyst with the X handle IT Tech has shared some valuable insights on Bitcoin’s market structure, highlighting the key price levels that could decide the asset’s movement in the short term.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United KingdomChina

Topics: BTCUSDT Bitcoin liquidation zones Bitcoin Bitcoin support Bitcoin Btcusd Bitcoin resistance IT Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 04:00:04 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28347961

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

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News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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