Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Ali: $33,000 form a significant line of defense that could potentially halt further BTC price declines

Ali: $33,000 form a significant line of defense that could potentially halt further BTC price declines

2024/01/24 08:11
🚨 Bitcoin Price Watch: A close below $38,000 on the weekly chart could signal a downturn for $BTC, targeting the strong support cluster around $33,000. This key area combines several technical elements: the lower boundary of a parallel channel, the 0.5 Fibonacci retracement level, and the 50-week simple moving average. These factors together form a significant line of defense that could potentially halt further # BTC price declines.
News Image 0
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

NVIDIA (NVDA.US) downplays CEO succession rumors: no official contact with potential candidates yet, calling all speculation "premature"

Nvidia has downplayed speculation that the company is already in contact with potential CEO candidates, stating that it is still in the process of selecting a headhunting firm to seek a successor for ousted leader Jensen Huang.

智通财经•2026/11/14 00:41

GIGADEV dropped 10.1% in 24 hours

Odaily星球日报•2026/11/14 00:07

To prevent liquidity support from being seen as QE, Federal Reserve's Logan proposes separate accounting for market functioning bond purchases and accelerated sales.

Dallas Federal Reserve President Lorie Logan stated that the Federal Reserve should completely separate market-functionality bond purchases from monetary policy operations, record them independently, and commit to selling them as soon as possible in order to dispel market concerns over the Fed potentially suppressing long-term yields. She emphasized that a full understanding of the Fed’s decision-making logic by the market itself has a stabilizing effect.

华尔街见闻•2026/11/13 23:16