# Monthly Close Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Monthly Close", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Approaches Key Monthly Close — Here Are 3 Likely Scenarios

Bitcoin faces a critical monthly close as it trades near $89,645, with analyst KillaXBT outlining three potential scenarios. After a rejection from $94,600, BTC dipped toward $88k, showing signs of selling pressure. The first two scenarios suggest a temporary rise to the low-to-mid $90,000s to rebalance liquidity before declining toward $83,800. The third, more bearish scenario, involves a breakdown below $87,664, potentially leading to a sharp drop. The analyst favors the first two outcomes but warns that losing the $83,800 support would severely impact long positions.

bitcoinist01/24 17:01