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Bitcoin Bitcoin (BTC) $117,444.55 ↑ 1.77%
Ethereum Ethereum (ETH) $3,747.86 ↑ 3.47%
XRP XRP (XRP) $3.16 ↑ 3.12%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $781.42 ↑ 2.97%
Solana Solana (SOL) $186.46 ↑ 4.53%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 5.26%
TRON TRON (TRX) $0.32 ↑ 1.20%
Cardano Cardano (ADA) $0.82 ↑ 3.71%
Hyperliquid Hyperliquid (HYPE) $44.62 ↑ 6.21%
Sui Sui (SUI) $4.00 ↑ 10.14%
Stellar Stellar (XLM) $0.44 ↑ 6.95%
Chainlink Chainlink (LINK) $18.32 ↑ 5.11%
Hedera Hedera (HBAR) $0.27 ↑ 13.38%
Bitcoin Cash Bitcoin Cash (BCH) $553.96 ↑ 6.00%
Avalanche Avalanche (AVAX) $24.16 ↑ 4.97%
Litecoin Litecoin (LTC) $113.28 ↑ 2.96%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↑ 0.05%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 6.22%
Toncoin Toncoin (TON) $3.33 ↑ 7.91%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.46 ↑ 5.15%
Polkadot Polkadot (DOT) $4.10 ↑ 4.81%
Monero Monero (XMR) $324.71 ↓ -2.65%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.55 ↑ 2.74%
Pepe Pepe (PEPE) $0.00 ↑ 5.18%
Aave Aave (AAVE) $299.21 ↑ 4.74%
Cronos Cronos (CRO) $0.13 ↑ 5.56%
Bittensor Bittensor (TAO) $428.82 ↑ 5.41%
Ethena Ethena (ENA) $0.60 ↑ 21.31%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 8.25%
Ethereum Classic Ethereum Classic (ETC) $23.06 ↑ 6.27%
Pi Pi (PI) $0.44 ↑ 1.34%
Ondo Ondo (ONDO) $1.05 ↑ 5.94%
Aptos Aptos (APT) $4.77 ↑ 3.88%
Internet Computer Internet Computer (ICP) $5.62 ↑ 5.02%
Bonk Bonk (BONK) $0.00 ↑ 5.51%
OKB OKB (OKB) $48.12 ↑ 1.47%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 16.36%
Kaspa Kaspa (KAS) $0.10 ↑ 2.75%
Mantle Mantle (MNT) $0.77 ↑ 4.75%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 3.39%
Algorand Algorand (ALGO) $0.27 ↑ 5.70%
Arbitrum Arbitrum (ARB) $0.45 ↑ 6.73%
VeChain VeChain (VET) $0.03 ↑ 5.78%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.12%
Render Render (RENDER) $4.23 ↑ 6.52%
GateToken GateToken (GT) $17.69 ↑ 2.71%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.25%
Sky Sky (SKY) $0.10 ↑ 14.17%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.11 ↑ 4.25%
Sei Sei (SEI) $0.33 ↑ 5.64%
Cosmos Cosmos (ATOM) $4.69 ↑ 3.07%
SPX6900 SPX6900 (SPX) $1.96 ↑ 14.88%
Filecoin Filecoin (FIL) $2.64 ↑ 4.49%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 2.33%
Flare Flare (FLR) $0.02 ↑ 7.79%
Jupiter Jupiter (JUP) $0.55 ↑ 5.16%
Story Story (IP) $5.47 ↑ 6.86%
KuCoin Token KuCoin Token (KCS) $11.71 ↓ -2.34%
Curve DAO Token Curve DAO Token (CRV) $1.08 ↑ 6.44%
Quant Quant (QNT) $121.32 ↑ 2.72%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.06%
Injective Injective (INJ) $14.23 ↑ 7.52%
XDC Network XDC Network (XDC) $0.09 ↑ 3.08%
Celestia Celestia (TIA) $1.94 ↑ 7.05%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↑ 0.68%
Four Four (FORM) $3.39 ↑ 1.10%
Stacks Stacks (STX) $0.81 ↑ 6.57%
FLOKI FLOKI (FLOKI) $0.00 ↑ 8.78%
Optimism Optimism (OP) $0.72 ↑ 6.61%
Ethereum Name Service Ethereum Name Service (ENS) $30.72 ↑ 11.08%
Immutable Immutable (IMX) $0.57 ↑ 6.61%
dogwifhat dogwifhat (WIF) $1.07 ↑ 6.03%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 5.18%
The Graph The Graph (GRT) $0.10 ↑ 4.76%
Kaia Kaia (KAIA) $0.16 ↑ 2.86%
Lido DAO Lido DAO (LDO) $1.10 ↑ 5.57%
Sonic Sonic (S) $0.33 ↑ 3.53%
PancakeSwap PancakeSwap (CAKE) $2.75 ↑ 5.59%
PAX Gold PAX Gold (PAXG) $3,356.40 ↓ -0.12%
Conflux Conflux (CFX) $0.18 ↑ 4.12%
Tezos Tezos (XTZ) $0.89 ↑ 5.29%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 4.82%
Vaulta Vaulta (A) $0.57 ↑ 3.24%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.05%
Theta Network Theta Network (THETA) $0.88 ↑ 5.84%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.95%
Nexo Nexo (NEXO) $1.31 ↑ 0.24%
Tether Gold Tether Gold (XAUt) $3,347.35 ↓ -0.29%
Raydium Raydium (RAY) $3.05 ↑ 5.75%
IOTA IOTA (IOTA) $0.21 ↑ 5.76%
Gala Gala (GALA) $0.02 ↑ 4.79%
The Sandbox The Sandbox (SAND) $0.31 ↑ 4.76%
Aerodrome Finance Aerodrome Finance (AERO) $0.91 ↑ 4.10%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 6.61%
Pendle Pendle (PENDLE) $4.46 ↑ 5.11%
Jito Jito (JTO) $1.97 ↑ 2.03%
Bitcoin Bitcoin (BTC) $117,444.55 ↑ 1.77%
Ethereum Ethereum (ETH) $3,747.86 ↑ 3.47%
XRP XRP (XRP) $3.16 ↑ 3.12%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $781.42 ↑ 2.97%
Solana Solana (SOL) $186.46 ↑ 4.53%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 5.26%
TRON TRON (TRX) $0.32 ↑ 1.20%
Cardano Cardano (ADA) $0.82 ↑ 3.71%
Hyperliquid Hyperliquid (HYPE) $44.62 ↑ 6.21%
Sui Sui (SUI) $4.00 ↑ 10.14%
Stellar Stellar (XLM) $0.44 ↑ 6.95%
Chainlink Chainlink (LINK) $18.32 ↑ 5.11%
Hedera Hedera (HBAR) $0.27 ↑ 13.38%
Bitcoin Cash Bitcoin Cash (BCH) $553.96 ↑ 6.00%
Avalanche Avalanche (AVAX) $24.16 ↑ 4.97%
Litecoin Litecoin (LTC) $113.28 ↑ 2.96%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↑ 0.05%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 6.22%
Toncoin Toncoin (TON) $3.33 ↑ 7.91%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.46 ↑ 5.15%
Polkadot Polkadot (DOT) $4.10 ↑ 4.81%
Monero Monero (XMR) $324.71 ↓ -2.65%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.55 ↑ 2.74%
Pepe Pepe (PEPE) $0.00 ↑ 5.18%
Aave Aave (AAVE) $299.21 ↑ 4.74%
Cronos Cronos (CRO) $0.13 ↑ 5.56%
Bittensor Bittensor (TAO) $428.82 ↑ 5.41%
Ethena Ethena (ENA) $0.60 ↑ 21.31%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 8.25%
Ethereum Classic Ethereum Classic (ETC) $23.06 ↑ 6.27%
Pi Pi (PI) $0.44 ↑ 1.34%
Ondo Ondo (ONDO) $1.05 ↑ 5.94%
Aptos Aptos (APT) $4.77 ↑ 3.88%
Internet Computer Internet Computer (ICP) $5.62 ↑ 5.02%
Bonk Bonk (BONK) $0.00 ↑ 5.51%
OKB OKB (OKB) $48.12 ↑ 1.47%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 16.36%
Kaspa Kaspa (KAS) $0.10 ↑ 2.75%
Mantle Mantle (MNT) $0.77 ↑ 4.75%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 3.39%
Algorand Algorand (ALGO) $0.27 ↑ 5.70%
Arbitrum Arbitrum (ARB) $0.45 ↑ 6.73%
VeChain VeChain (VET) $0.03 ↑ 5.78%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.12%
Render Render (RENDER) $4.23 ↑ 6.52%
GateToken GateToken (GT) $17.69 ↑ 2.71%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.25%
Sky Sky (SKY) $0.10 ↑ 14.17%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.11 ↑ 4.25%
Sei Sei (SEI) $0.33 ↑ 5.64%
Cosmos Cosmos (ATOM) $4.69 ↑ 3.07%
SPX6900 SPX6900 (SPX) $1.96 ↑ 14.88%
Filecoin Filecoin (FIL) $2.64 ↑ 4.49%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 2.33%
Flare Flare (FLR) $0.02 ↑ 7.79%
Jupiter Jupiter (JUP) $0.55 ↑ 5.16%
Story Story (IP) $5.47 ↑ 6.86%
KuCoin Token KuCoin Token (KCS) $11.71 ↓ -2.34%
Curve DAO Token Curve DAO Token (CRV) $1.08 ↑ 6.44%
Quant Quant (QNT) $121.32 ↑ 2.72%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.06%
Injective Injective (INJ) $14.23 ↑ 7.52%
XDC Network XDC Network (XDC) $0.09 ↑ 3.08%
Celestia Celestia (TIA) $1.94 ↑ 7.05%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↑ 0.68%
Four Four (FORM) $3.39 ↑ 1.10%
Stacks Stacks (STX) $0.81 ↑ 6.57%
FLOKI FLOKI (FLOKI) $0.00 ↑ 8.78%
Optimism Optimism (OP) $0.72 ↑ 6.61%
Ethereum Name Service Ethereum Name Service (ENS) $30.72 ↑ 11.08%
Immutable Immutable (IMX) $0.57 ↑ 6.61%
dogwifhat dogwifhat (WIF) $1.07 ↑ 6.03%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 5.18%
The Graph The Graph (GRT) $0.10 ↑ 4.76%
Kaia Kaia (KAIA) $0.16 ↑ 2.86%
Lido DAO Lido DAO (LDO) $1.10 ↑ 5.57%
Sonic Sonic (S) $0.33 ↑ 3.53%
PancakeSwap PancakeSwap (CAKE) $2.75 ↑ 5.59%
PAX Gold PAX Gold (PAXG) $3,356.40 ↓ -0.12%
Conflux Conflux (CFX) $0.18 ↑ 4.12%
Tezos Tezos (XTZ) $0.89 ↑ 5.29%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 4.82%
Vaulta Vaulta (A) $0.57 ↑ 3.24%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.05%
Theta Network Theta Network (THETA) $0.88 ↑ 5.84%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.95%
Nexo Nexo (NEXO) $1.31 ↑ 0.24%
Tether Gold Tether Gold (XAUt) $3,347.35 ↓ -0.29%
Raydium Raydium (RAY) $3.05 ↑ 5.75%
IOTA IOTA (IOTA) $0.21 ↑ 5.76%
Gala Gala (GALA) $0.02 ↑ 4.79%
The Sandbox The Sandbox (SAND) $0.31 ↑ 4.76%
Aerodrome Finance Aerodrome Finance (AERO) $0.91 ↑ 4.10%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 6.61%
Pendle Pendle (PENDLE) $4.46 ↑ 5.11%
Jito Jito (JTO) $1.97 ↑ 2.03%
Home Cryptocurrency

Historical Data Suggests Bitcoin Faces Potential Risk of Decline

Claire Tremblay by Claire Tremblay
17 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
depicting Bitcoin at a high point facing potential decline. The Bitcoin symbol is prominently displayed near a peak with d

Bitcoin has recently surged to $67,386, with bulls struggling to maintain support at $67,277. While the price has seen significant gains, historical data suggests that Bitcoin could be at risk of a potential downturn.

Qubetics is Exploding 728x90 1

Table of Contents

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  • Bitcoin at Risk of Decline

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According to CoinGecko, Bitcoin is trading at $67,386 at the time of writing. Bulls are fighting to hold the $67,277 support level, but any drop below this point could trigger further losses. In the past 24 hours, Bitcoin’s price fluctuated between $67,085 (its lowest point) and $68,252, marking a 0.4% increase. These movements reflect how sensitive investors are to market conditions.

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At the time of writing, Bitcoin’s market cap stands at $1,332,154,015,004, reaffirming its strong position in the crypto market. The $38,284,841,582 trading volume further demonstrates continued interest in Bitcoin, with trading activity remaining robust.

chart15

Bitcoin at Risk of Decline

Historical data indicates that Bitcoin often experiences a sharp decline after notable rallies. This pattern suggests that the current trend could be leading toward a significant pullback.

Bulls are showcasing considerable strength in the current market. Experts believe these dynamics may push Bitcoin past the $70,000 mark. With only a few resistance levels standing between Bitcoin and its all-time high (ATH), many market participants are optimistic about setting a new ATH. However, analysts caution that as Bitcoin’s dominance peaks, the likelihood of a correction increases, and investors are eager to see how much the price could drop if such a correction occurs.illustrating Bitcoin facing potential decline after a recent surge. The central focus is the Bitcoin symbol near a peak with subtle

Furthermore, there is speculation that Bitcoin could experience a pullback leading up to the election date. Should Bitcoin break through the $70,000 level, consolidation may follow, potentially triggering a bigger surge afterward.

These developments create a critical period for investors to watch, as Bitcoin’s price movements continue to play a pivotal role in shaping market dynamics.

For more updates on Bitcoin and the crypto market, visit Turkish NY Radio.

Tags: bitcoinmarket correctionprice movementsupport leveltrading volume
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Claire Tremblay

Claire Tremblay

Hello! I'm Claire, an associate news editor covering breaking news and writing articles about technology for different digital news channels. Currently, I live in Montpellier, France. I love teams. I love leading teams. I love motivating teams. Journalism, at its best, is a team pursuit. Over the years, I have had the privilege to be a key part of teams that have won Pulitzer Prizes, Peabody Awards and Emmy Awards. "Individually, we are one drop. Together, we are an ocean." – Ryunosuke Satoro Areas of journalism experience: News, Business, Blockchain, technology, Artificial intelligence (AI), Internet of things (IoT), Sports, Travel, Food & Wine, Outdoors.

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