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Bitcoin prices have lost momentum in the past week, which has put tremendous pressure on Bitcoin Cash (BCH) and Bitcoin SV (BSV). With BTC prices hovering around $27637, the cryptocurrency market has entered a stage of sideways consolidation

The price of Bitcoin against the US dollar has started a new round of decline from the $28500 range.The current price is below $27700 and the 55 hour simple moving average (4 hours)

The fourth halving of Bitcoin (BTC) has already entered the countdown to 200 days, and coupled with market expectations that spot ETFs will eventually receive SEC approval, the market is optimistic that two important narratives will bring strong upward momentum to Bitcoin.In this context, Fidelity Digital Assets, a subsidiary of Wall Street financial giant Fidelity Investments, has recently explained why investors should choose Bitcoin as their preferred cryptocurrency in their cryptocurrency investments, based on the differences between Bitcoin and other cryptocurrencies

Bitcoin prices are declining, trading below $27000. BTC still faces further downside risks below the support levels of $26500 and $26200

Due to concerns about the conflict between Israel and Hamas, management costs have skyrocketed, and Bitcoin prices have fallen below $27000.On Thursday, the largest cryptocurrency trading price was $26816, down 2

Although the Bitcoin market is currently in a sideways consolidation state, with price volatility gradually decreasing and maintaining around $27000, long-term Bitcoin ($BTC) holders are still actively accumulating this major cryptocurrency asset.According to data provided by blockchain analysis company Glassnode, long-term Bitcoin holders have added at least 50000 Bitcoins per month, with a total value exceeding $1

The price fluctuations of Bitcoin (BTC) are shaking counterfeit coins, and at the time of writing, the price is just below the support level of $26800. The recent news has to some extent increased volatility

After breaking through the resistance level of $28000 again over the weekend, Bitcoin has fallen back to its lowest level since the end of September.Bitcoin (BTC) fell below $27000 for the first time since the beginning of this month on Wednesday, as the stock market rose for four consecutive days and bond yields fell for three consecutive days, failing to stimulate interest in cryptocurrency purchases

The fluctuation of Bitcoin prices has affected counterfeit coins, with current trading slightly below the support level of $26800. The recent news has had a certain impact on market volatility

Yiming's Trading ExperienceAll content in this article is personal opinions and is for learning and communication purposes only. It is not used as an investment basis and should be operated based on it at your own risk

Yesterday Monday closed the weekly line, let's take a look at the trend of the weekly line.Last week we talked about the trend of Bitcoin, and although it has risen to near the pressure level, the positive line has not increased, and the market will continue to fluctuate

Despite a brief consolidation below $28K, Bitcoin prices remain positive.The 50 day and 200 day moving averages have avoided death crossing and restored positive alignment