Bitcoin price fell on Thursday to levels that pushed it beneath the “Fire Sale!” band on the Bitcoin Rainbow Chart — a depth not seen since the disastrous FTX exchange collapse in November 2022 — as the Fear and Greed Index recorded a reading of 12 out of 100, firmly entrenched in “Extreme Fear” territory. … Read more
Bitcoin has fallen to $70,406 as of June 2, marking its lowest point in two months. The 24-hour decline of 3.97% signifies a notable retreat from its early May peaks of almost $80,000. Meanwhile, traditional equities such as the S&P 500 and Nasdaq have surged to record highs, further intensifying the divergence between the crypto … Read more
Bitcoin bounced back to the $73,000 mark on Friday, recovering from an earlier dip to $72,500, a level not seen since April. While the rebound may seem like a quick recovery on the chart, market analyst J.A. Maartun highlighted that the more important story is in the data showing the selling pressure hidden beneath the … Read more
Bitcoin price remained stable in a narrow band near 82,000 today, continuing a week of consistent yet careful increases as underlying factors, rather than retail enthusiasm, influenced market dynamics. As of this moment, Bitcoin is trading around 82,000, reflecting a modest increase of approximately 0.65% since Sunday morning. However, it remains about 22% lower than … Read more
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
The bitcoin price is experiencing significant movement this morning, surging from the mid‑$65,000 range as it approaches $70,000. This marks an approximate 6% increase in just a few hours, driven by substantial liquidations of leveraged short positions. Last week, Bitcoin price experienced a brief surge, climbing past $69,000 on February 25, only to retreat over … Read more