Bitcoin Price Forms A New Support Level Nearly 56K

Last updated: June 10, 2025, 18:50

Bitcoin Price Forms A New Support Level Nearly 56K

The market is currently probable

The market is currently probable to test the $56K support level. The RSI indicator has also dropped below the 50% level, indicating a slight bearishness in momentum.

Bitcoin formed a short-term top near $60,000 and started a downside correction. The price is now trading near the $57,000 support and the 100 hourly simple moving average. There is a key

Cryptocurrency analyst Ali Martinez has issued a warning about the critical $61,000 level for Bitcoin (CRYPTO: BTC). What Happened: Martinez to

Whale wallet outflows suggest $56,000 is Bitcoin's

Bitcoin Price Analysis: BTC Loses Momentum With Possible Price

Is Bitcoin (BTC) Headed For A Deeper Correction? $56K

The upcoming crypto options expiry

Bitcoin sell pressure may break $56K support as options expiry

Bitcoin Faces Sell-Off: Will $56K Hold Ahead of Options Expiry?

The upcoming crypto options expiry is threatening to add a significant amount of Bitcoin sell pressure that could take the price below another key support level. Over

The looming expiration date and

The looming expiration date and Bitcoin’s price weakness have created a perfect storm for potential market turmoil. If Bitcoin fails to hold the $56,000 support level, a

TA: Bitcoin Just Saw A Technical Correction, Why BTC Must Stay

Bitcoin Could Correct To $56K If It Breaches This Support Level