Bitcoin has managed to alleviate the immediate concerns, yet it has not reached a level sufficient to signal a complete resolution. The movement back toward $64,000 provides bulls with a more advantageous position, while the subsequent supply band around $65,000 offers sellers an opportunity to assess that confidence. That represents the prevailing tension in the … Read more
On-chain indicators analysed by experts suggest that bitcoin has not yet reached its bottom in this bear cycle. The latest report indicates that the leading digital asset may experience a further decline into the $40,000s by year-end, as a growing number of investors exit the spot market. Historically, BTC has experienced a decline of at … Read more
Bitcoin has steadied around the $60,000 mark after a turbulent June, characterised by heightened volatility and persistent bearish sentiment. Over the past week, BTC experienced a decline from $63,000 to a low near $58,000 before showing a slight recovery, trading at $59,179 as of June 29. Despite this stabilisation, market conditions indicate a persistent absence … Read more
Bitcoin, the flagship cryptocurrency, is navigating its most lacklustre post-halving period to date. The leading cryptocurrency is currently positioned beneath the $60,000 threshold, as indicated by the data. The macroeconomic trajectory of Bitcoin has historically been dictated by its “halving” events. These events transpire approximately every four years, or every 210,000 blocks. They are viewed … Read more
Bitcoin’s recent pullback was not influenced by a solitary headline. Traders faced a convergence of adverse factors simultaneously: a downturn in global technology stocks, significant spot Bitcoin ETF redemptions, a pronounced leverage flush, and a substantial monthly options expiry that maintained market attention on downside strike levels. The institutional flow picture exhibited a pronounced negative … Read more
Bitcoin steadied near $64,000 over the weekend, recovering some of Friday’s decline, as traders assessed the initiation of US-Iran ceasefire discussions in light of a renewed threat to close the Strait of Hormuz. The token was valued at approximately $64,200 on Sunday, reflecting a 0.9% increase over the past 24 hours, yet remaining relatively unchanged … Read more
Geoff Kendrick stated on Friday that the crypto market has reached its cycle low, with Bitcoin’s recent decline to around $59,000 indicating the lowest point of the current downturn — a 53% drop from its all-time high of $126,000 in October. “Winter is over. Welcome back to crypto spring,” Kendrick wrote in a Friday note, … Read more
The risk-off sentiment that impacted crypto throughout the week is now shifting. Bitcoin has returned to positive territory, with the catalyst being an unexpected easing of tensions in the Iran conflict. Bitcoin traded at $63,550 on Friday, reflecting an increase of 1.6% for the day and 1.4% for the week, according to data. Days earlier, … Read more
Bitcoin is currently positioned at a level typically seen only towards the end of bear markets, maintaining its stance even in the wake of the most intense U.S. inflation report in three years. Data indicate that BTC has declined towards its 200-week average, a significant four-year trend line closely monitored by long-term holders. The model … Read more
Bitcoin’s bounce from last week’s low is experiencing a downturn, and gold is following suit. BTC was priced at $61,233 on Wednesday, showing a 3% decrease over the last 24 hours and a 6.9% decline for the week. Meanwhile, gold saw a 2% drop, slipping under $4,200 an ounce. The market is betting on high … Read more