Bitcoin price struggled to maintain its position above the $81,500 support zone. BTC has initiated a downside correction, slipping below the $81,200 and $80,800 thresholds, thereby entering a short-term bearish zone. A decline occurred beneath the 38.2% Fibonacci retracement level of the upward movement from the $74,940 swing low to the $82,790 peak. Additionally, the … Read more
Bitcoin has surged to $81,719 as of yesterday, breaking above critical technical levels and solidifying its position above the $80,000 mark. While bulls seem to have a strong grip, resistance around $85,000 is on the horizon, indicating a possible inflection point for the ongoing rally. Bitcoin’s movement above the True Market Mean of $78,200 and … Read more
Over the course of the last thirty days, there has been a noteworthy 21% rebound in the market’s largest cryptocurrency, propelling it past the $81,000 mark for the first time since January. Bitcoin is approaching a crucial threshold that, if surpassed by a daily close, could trigger another upward movement. In a recent post on … Read more
Bitcoin remains steady above $78,000 as the market grapples with increased uncertainty stemming from ongoing US-Iran tensions, which have led to a cautious risk appetite across global markets. The price remains resilient — however, analyst Axel Adler has recently released an exchange flow analysis that introduces a particular structural dimension to the current landscape. What … Read more
Bitcoin has surged past the $80,000 mark as Asia kicks off its trading week, reaching heights not observed since late January. According to analysts, the resurgence of BTC to $80,000 is being driven by buyers who harbor a lack of complete trust, a phenomenon evident in both positioning data and on-chain signals. ETF inflows and … Read more
Bitcoin is currently priced at $78.3k as we kick off the first weekend of May. The asset has achieved a milestone it hasn’t reached since the cycle peak, successfully closing above the 100-day moving average and breaking out of a long-term descending channel that has encapsulated the entire bearish trend. The decision follows robust daily … Read more
Bitcoin is currently trading beneath a crucial cost threshold that short-term holders invested to obtain it — indicating that a significant number of recent buyers are facing losses as we approach one of the month’s largest options expiry events. Current data indicates that Bitcoin is trading below the Short-Term Holder Cost Basis of $78,900, as … Read more
Bitcoin price continued to find support above the $75,000 threshold. BTC has established a solid base, positioning itself above $75,500 as it embarks on a recovery wave. A surge occurred, breaking through the $76,000 and $76,200 thresholds. The bulls successfully drove the price above the 50% Fibonacci retracement level of the decline from the $77,888 … Read more
Bitcoin price struggled to maintain its position above the $76,500 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $76,000 mark. A decline occurred beneath the $75,500 threshold. The price even dipped below $75,000. The price hit a low of $74,940 and is currently consolidating its losses. A … Read more
As Bitcoin approaches a pivotal support level, analysts are cautioning that this week is crucial for the leading cryptocurrency, potentially determining the fate of its recovery rally. On Tuesday, Bitcoin fell beneath the $76,000 support level for the first time in a week, hitting $75,666 before making a recovery. The leading cryptocurrency has been fluctuating … Read more