• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
24 July Thursday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $117,516.08 ↓ -1.31%
Ethereum Ethereum (ETH) $3,666.96 ↑ 0.62%
XRP XRP (XRP) $3.12 ↓ -2.84%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $766.83 ↓ -2.11%
Solana Solana (SOL) $182.17 ↓ -4.43%
USDC USDC (USDC) $1.00 ↑ 0.02%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -6.63%
TRON TRON (TRX) $0.31 ↑ 0.91%
Cardano Cardano (ADA) $0.80 ↓ -2.39%
Hyperliquid Hyperliquid (HYPE) $41.58 ↓ -4.99%
Stellar Stellar (XLM) $0.42 ↓ -2.65%
Sui Sui (SUI) $3.67 ↓ -2.77%
Chainlink Chainlink (LINK) $17.63 ↓ -3.88%
Bitcoin Cash Bitcoin Cash (BCH) $511.59 ↓ -1.33%
Hedera Hedera (HBAR) $0.24 ↓ -4.65%
Avalanche Avalanche (AVAX) $23.42 ↓ -2.99%
Litecoin Litecoin (LTC) $110.52 ↓ -3.09%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↑ 0.25%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.88%
Toncoin Toncoin (TON) $3.10 ↓ -3.81%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Polkadot Polkadot (DOT) $3.96 ↓ -4.76%
Uniswap Uniswap (UNI) $9.93 ↓ -4.17%
Monero Monero (XMR) $330.29 ↑ 4.92%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.55 ↓ -3.91%
Pepe Pepe (PEPE) $0.00 ↓ -6.51%
Aave Aave (AAVE) $285.23 ↓ -2.42%
Cronos Cronos (CRO) $0.13 ↑ 3.98%
Bittensor Bittensor (TAO) $413.51 ↓ -4.51%
Pi Pi (PI) $0.44 ↓ -1.66%
Ethereum Classic Ethereum Classic (ETC) $22.12 ↓ -4.21%
NEAR Protocol NEAR Protocol (NEAR) $2.68 ↓ -4.12%
Ondo Ondo (ONDO) $1.00 ↓ -3.67%
Aptos Aptos (APT) $4.63 ↓ -4.34%
Ethena Ethena (ENA) $0.47 ↓ -0.52%
Internet Computer Internet Computer (ICP) $5.43 ↓ -3.62%
OKB OKB (OKB) $47.71 ↓ -2.09%
Bonk Bonk (BONK) $0.00 ↓ -5.28%
Kaspa Kaspa (KAS) $0.10 ↓ -7.85%
Mantle Mantle (MNT) $0.74 ↓ -6.61%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.90%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -13.90%
Algorand Algorand (ALGO) $0.26 ↓ -4.30%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.02%
Arbitrum Arbitrum (ARB) $0.43 ↓ -3.37%
GateToken GateToken (GT) $17.48 ↓ -0.67%
VeChain VeChain (VET) $0.02 ↓ -3.95%
Render Render (RENDER) $4.02 ↓ -4.36%
Worldcoin Worldcoin (WLD) $1.12 ↓ -5.92%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.87 ↓ -3.26%
Sei Sei (SEI) $0.32 ↓ -5.02%
Cosmos Cosmos (ATOM) $4.60 ↓ -2.90%
Sky Sky (SKY) $0.08 ↓ -2.18%
Filecoin Filecoin (FIL) $2.56 ↓ -3.75%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.72 ↓ -4.20%
Jupiter Jupiter (JUP) $0.53 ↓ -8.59%
Flare Flare (FLR) $0.02 ↓ -0.05%
SPX6900 SPX6900 (SPX) $1.71 ↓ -9.78%
KuCoin Token KuCoin Token (KCS) $12.03 ↓ -0.99%
Story Story (IP) $5.10 ↓ -3.87%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Quant Quant (QNT) $118.49 ↓ -3.19%
XDC Network XDC Network (XDC) $0.08 ↓ -5.93%
Injective Injective (INJ) $13.39 ↓ -4.08%
Celestia Celestia (TIA) $1.82 ↓ -6.08%
Fartcoin Fartcoin (FARTCOIN) $1.31 ↓ -14.28%
Four Four (FORM) $3.40 ↓ -3.41%
Curve DAO Token Curve DAO Token (CRV) $0.94 ↑ 0.24%
Stacks Stacks (STX) $0.77 ↓ -4.78%
Optimism Optimism (OP) $0.68 ↓ -2.62%
FLOKI FLOKI (FLOKI) $0.00 ↓ -8.52%
Immutable Immutable (IMX) $0.54 ↓ -5.86%
dogwifhat dogwifhat (WIF) $1.02 ↓ -11.66%
Ethereum Name Service Ethereum Name Service (ENS) $27.74 ↓ -2.38%
The Graph The Graph (GRT) $0.10 ↓ -3.07%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.53 ↓ -10.35%
Kaia Kaia (KAIA) $0.16 ↓ -3.07%
PAX Gold PAX Gold (PAXG) $3,375.50 ↓ -0.61%
Lido DAO Lido DAO (LDO) $1.05 ↓ -3.65%
Sonic Sonic (S) $0.32 ↓ -6.60%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -20.32%
PancakeSwap PancakeSwap (CAKE) $2.62 ↓ -4.78%
Tezos Tezos (XTZ) $0.86 ↓ -2.94%
Conflux Conflux (CFX) $0.18 ↑ 1.00%
Vaulta Vaulta (A) $0.56 ↓ -7.03%
Theta Network Theta Network (THETA) $0.85 ↓ -6.53%
Nexo Nexo (NEXO) $1.31 ↓ -0.93%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Tether Gold Tether Gold (XAUt) $3,371.00 ↓ -0.52%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -6.62%
Raydium Raydium (RAY) $2.99 ↓ -5.75%
IOTA IOTA (IOTA) $0.20 ↓ -5.52%
Gala Gala (GALA) $0.02 ↓ -5.51%
The Sandbox The Sandbox (SAND) $0.30 ↓ -3.10%
Aerodrome Finance Aerodrome Finance (AERO) $0.88 ↓ -3.17%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -6.55%
Pendle Pendle (PENDLE) $4.20 ↓ -5.37%
Jito Jito (JTO) $1.95 ↓ -4.85%
Bitcoin Bitcoin (BTC) $117,516.08 ↓ -1.31%
Ethereum Ethereum (ETH) $3,666.96 ↑ 0.62%
XRP XRP (XRP) $3.12 ↓ -2.84%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $766.83 ↓ -2.11%
Solana Solana (SOL) $182.17 ↓ -4.43%
USDC USDC (USDC) $1.00 ↑ 0.02%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -6.63%
TRON TRON (TRX) $0.31 ↑ 0.91%
Cardano Cardano (ADA) $0.80 ↓ -2.39%
Hyperliquid Hyperliquid (HYPE) $41.58 ↓ -4.99%
Stellar Stellar (XLM) $0.42 ↓ -2.65%
Sui Sui (SUI) $3.67 ↓ -2.77%
Chainlink Chainlink (LINK) $17.63 ↓ -3.88%
Bitcoin Cash Bitcoin Cash (BCH) $511.59 ↓ -1.33%
Hedera Hedera (HBAR) $0.24 ↓ -4.65%
Avalanche Avalanche (AVAX) $23.42 ↓ -2.99%
Litecoin Litecoin (LTC) $110.52 ↓ -3.09%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↑ 0.25%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.88%
Toncoin Toncoin (TON) $3.10 ↓ -3.81%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Polkadot Polkadot (DOT) $3.96 ↓ -4.76%
Uniswap Uniswap (UNI) $9.93 ↓ -4.17%
Monero Monero (XMR) $330.29 ↑ 4.92%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.55 ↓ -3.91%
Pepe Pepe (PEPE) $0.00 ↓ -6.51%
Aave Aave (AAVE) $285.23 ↓ -2.42%
Cronos Cronos (CRO) $0.13 ↑ 3.98%
Bittensor Bittensor (TAO) $413.51 ↓ -4.51%
Pi Pi (PI) $0.44 ↓ -1.66%
Ethereum Classic Ethereum Classic (ETC) $22.12 ↓ -4.21%
NEAR Protocol NEAR Protocol (NEAR) $2.68 ↓ -4.12%
Ondo Ondo (ONDO) $1.00 ↓ -3.67%
Aptos Aptos (APT) $4.63 ↓ -4.34%
Ethena Ethena (ENA) $0.47 ↓ -0.52%
Internet Computer Internet Computer (ICP) $5.43 ↓ -3.62%
OKB OKB (OKB) $47.71 ↓ -2.09%
Bonk Bonk (BONK) $0.00 ↓ -5.28%
Kaspa Kaspa (KAS) $0.10 ↓ -7.85%
Mantle Mantle (MNT) $0.74 ↓ -6.61%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.90%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -13.90%
Algorand Algorand (ALGO) $0.26 ↓ -4.30%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.02%
Arbitrum Arbitrum (ARB) $0.43 ↓ -3.37%
GateToken GateToken (GT) $17.48 ↓ -0.67%
VeChain VeChain (VET) $0.02 ↓ -3.95%
Render Render (RENDER) $4.02 ↓ -4.36%
Worldcoin Worldcoin (WLD) $1.12 ↓ -5.92%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.87 ↓ -3.26%
Sei Sei (SEI) $0.32 ↓ -5.02%
Cosmos Cosmos (ATOM) $4.60 ↓ -2.90%
Sky Sky (SKY) $0.08 ↓ -2.18%
Filecoin Filecoin (FIL) $2.56 ↓ -3.75%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.72 ↓ -4.20%
Jupiter Jupiter (JUP) $0.53 ↓ -8.59%
Flare Flare (FLR) $0.02 ↓ -0.05%
SPX6900 SPX6900 (SPX) $1.71 ↓ -9.78%
KuCoin Token KuCoin Token (KCS) $12.03 ↓ -0.99%
Story Story (IP) $5.10 ↓ -3.87%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Quant Quant (QNT) $118.49 ↓ -3.19%
XDC Network XDC Network (XDC) $0.08 ↓ -5.93%
Injective Injective (INJ) $13.39 ↓ -4.08%
Celestia Celestia (TIA) $1.82 ↓ -6.08%
Fartcoin Fartcoin (FARTCOIN) $1.31 ↓ -14.28%
Four Four (FORM) $3.40 ↓ -3.41%
Curve DAO Token Curve DAO Token (CRV) $0.94 ↑ 0.24%
Stacks Stacks (STX) $0.77 ↓ -4.78%
Optimism Optimism (OP) $0.68 ↓ -2.62%
FLOKI FLOKI (FLOKI) $0.00 ↓ -8.52%
Immutable Immutable (IMX) $0.54 ↓ -5.86%
dogwifhat dogwifhat (WIF) $1.02 ↓ -11.66%
Ethereum Name Service Ethereum Name Service (ENS) $27.74 ↓ -2.38%
The Graph The Graph (GRT) $0.10 ↓ -3.07%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.53 ↓ -10.35%
Kaia Kaia (KAIA) $0.16 ↓ -3.07%
PAX Gold PAX Gold (PAXG) $3,375.50 ↓ -0.61%
Lido DAO Lido DAO (LDO) $1.05 ↓ -3.65%
Sonic Sonic (S) $0.32 ↓ -6.60%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -20.32%
PancakeSwap PancakeSwap (CAKE) $2.62 ↓ -4.78%
Tezos Tezos (XTZ) $0.86 ↓ -2.94%
Conflux Conflux (CFX) $0.18 ↑ 1.00%
Vaulta Vaulta (A) $0.56 ↓ -7.03%
Theta Network Theta Network (THETA) $0.85 ↓ -6.53%
Nexo Nexo (NEXO) $1.31 ↓ -0.93%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Tether Gold Tether Gold (XAUt) $3,371.00 ↓ -0.52%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -6.62%
Raydium Raydium (RAY) $2.99 ↓ -5.75%
IOTA IOTA (IOTA) $0.20 ↓ -5.52%
Gala Gala (GALA) $0.02 ↓ -5.51%
The Sandbox The Sandbox (SAND) $0.30 ↓ -3.10%
Aerodrome Finance Aerodrome Finance (AERO) $0.88 ↓ -3.17%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -6.55%
Pendle Pendle (PENDLE) $4.20 ↓ -5.37%
Jito Jito (JTO) $1.95 ↓ -4.85%
Home Cryptocurrency

Can Bulls Defend $52K After Bitcoin Wedge Pattern Crashes?

Abayomi Azeez by Abayomi Azeez
7 August 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
Technical Breakdown: Bitcoin Wedge Pattern Crumbles, Can Bulls Defend $52K?

Bitcoin (BTC), the most valuable cryptocurrency, has taken a nosedive to levels not seen in the past few months, with the Bitcoin Wedge Pattern of the technical analysis and formation in disoderliness; thus. sending shockwaves across the cryptocurrency market. Bitcoin has dropped significantly, 16.40% in the last 24 hours. 

Technical Breakdown: Bitcoin Wedge Pattern Crumbles, Can Bulls Defend $52K?
Technical Breakdown: Bitcoin Wedge Pattern Crumbles, Can Bulls Defend $52K?

The coin is now trading at $50,899. Things got worse as Bitcoin dropped to $49,111, its lowest point since February. Therefore, breaking below the crucial $50,000 barrier in a Bitcoin Wedge Pattern formation . Just one week ago, on July 20, the cryptocurrency achieved an all-time high of $69,987. This precipitous drop is in direct contrast to its extraordinary rise. Bitcoin’s 28% drop in value in one week baffles investors and financial experts.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Ponke Delivered Early Gains—But Troller Cat’s 1833% ROI Has Claws in the Game Now
    • Timing Is Wealth: MoonBull Unleashes the Best Crypto Whitelist With Limited Spots Left as Popcat and Brett Keep Climbing
  • Crypto Market Cap Drops 18%, Traders Face Liquidations
  • Bitcoin Wedge Pattern: Bitcoin Crashes Out of Declining Technical Analysis
  • Will the Bulls Stand By the $52K Bitcoin Wedge Pattern Support?
  • Navigating Uncertainty: What’s Next for Bitcoin?

YOU MAY BE INTERESTED

image 611

Ponke Delivered Early Gains—But Troller Cat’s 1833% ROI Has Claws in the Game Now

24 July 2025
image 627

Timing Is Wealth: MoonBull Unleashes the Best Crypto Whitelist With Limited Spots Left as Popcat and Brett Keep Climbing

24 July 2025

Crypto Market Cap Drops 18%, Traders Face Liquidations

Bitcoin’s decline hurt the cryptocurrency ecosystem. The crypto has plummeted 18.06% to $1.77 trillion. This happened just in the past 24 hours. Many cryptocurrencies have lost double-digit percentages. The loss is due to this enormous sell-off. CoinGlass recorded a slew of liquidations due to the market instability. During that moment, a remarkable $1.24 billion was liquidated, and over 309,000 dealers were among them. With a BTC-USD stake worth $27.00 million, Huobi executed the highest single liquidation order.

However, BTC and the overall market have witnessed an unusual increase in trade volume during the current slump. The whole market volume climbed by 233.44%. Then, the trading volume of BTC increased by 218.41%. This surge in trading activity shows that investors are still interested in the market despite recent sell-offs and volatility. 

Bitcoin Wedge Pattern: Bitcoin Crashes Out of Declining Technical Analysis

Cryptocurrency prices have been following a declining expanding Bitcoin wedge pattern since mid-March, when they reached a top. A sequence of lower highs and lows is the hallmark of this Bitcoin wedge pattern technical formation. It usually heralds a consolidation phase before the expected upward breakout. Still, nothing has gone according to plan with the price movement as of late. Bitcoin dipped below the wedge’s bottom trendline, which might imply further losses next week. Price must rise above the trendline for bulls to halt bears from continuing their losing run.

Technical Breakdown: Bitcoin Wedge Pattern Crumbles, Can Bulls Defend $52K?

Another worrying technical signal is approaching, adding to the pessimism. Traders call this possible crossover between the 50-day and 200-day moving averages a death cross. The market’s anxiety and unpredictability are heightened when this technical indication appears before more price declines.

Will the Bulls Stand By the $52K Bitcoin Wedge Pattern Support?

Even when things are looking bleak, Bitcoin bulls shouldn’t give up. Prices currently hover about $52,000. According to the downward expanding Bitcoin wedge pattern, this is the key level. If bears defend this level and the intraday candlestick closes above it, a bear trap scenario might occur. Thus triggering a short-term reversal pattern. According to reports. the optimistic scenario suggests that Bitcoin might hit a new intraday high of almost $60,000. It sees a possible immediate high of $65,600, last seen on August 1. From where it is now, this change would indicate a substantial 20% rise.

Notably, the $48,000 level can serve as support if Bitcoin’s price falls below the Bitcoin wedge pattern bottom trendline in heavy trading volumes. With the current selling pressure, Bitcoin’s price might fall much further. It may re-enter the $40,000 area, if this support level doesn’t hold. Near the noteworthy January swing bottom, this region might draw buyers searching for entry points.

Technical Breakdown: Bitcoin Wedge Pattern Crumbles, Can Bulls Defend $52K?
Technical Breakdown: Bitcoin Wedge Pattern Crumbles, Can Bulls Defend $52K?

Navigating Uncertainty: What’s Next for Bitcoin?

The crypto community is perplexed by Bitcoin’s sudden collapse. They are still clouded by its uncertain future. The next several days will determine if this is a correction or the start of a longer bearish trend. While chart patterns and technical indicators are helpful, they aren’t conclusive. 

Nothing has changed with Bitcoin’s core features, such as its finite quantity and increasing popularity. Concerning short-term price changes, nevertheless, market mood and technical variables usually prevail.

ADVERTISEMENT

For individuals willing to take more risks, the current market conditions might provide good purchasing opportunities. But remember that buying in coins comes with a lot of risk. It can go up or down quickly. No one knows exactly what Bitcoin will do next. So, buyers can be sure that the crypto market will continue to amaze them. This is still true whether Bitcoin goes back up to its past highs or keeps going down. TurkishNYRadio is committed to keeping you updated on the latest trends and developments in the digital asset world.

 

Previous Post

Bernstein Maintains Positive Bitcoin Outlook for Q3

Next Post

Crypto Exchange Nexera Faces Major $1.5M Exploit, Halts Trading Operations

Abayomi Azeez

Abayomi Azeez

SIMILAR NEWS

image 611
Cryptocurrency

Ponke Delivered Early Gains—But Troller Cat’s 1833% ROI Has Claws in the Game Now

24 July 2025
image 627
Cryptocurrency

Timing Is Wealth: MoonBull Unleashes the Best Crypto Whitelist With Limited Spots Left as Popcat and Brett Keep Climbing

24 July 2025
image 619
Cryptocurrency

Next Big Stampede? Whales Circle MoonBull – New Meme Coin Craze Grows as SLERF Sways  and Cheems Stirs the Crowd

24 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Ponke Delivered Early Gains—But Troller Cat’s 1833% ROI Has Claws in the Game Now
  • Timing Is Wealth: MoonBull Unleashes the Best Crypto Whitelist With Limited Spots Left as Popcat and Brett Keep Climbing
  • Bull Run Ignited: MoonBull Whitelist Rocks the Scene as the Best New Meme Coin to Watch – Fartcoin Blazes and Ponke Holds Firm
  • Next Big Stampede? Whales Circle MoonBull – New Meme Coin Craze Grows as SLERF Sways  and Cheems Stirs the Crowd
  • USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English