Bitcoin’s decline has intensified, now approaching the $77K region, following the loss of the $80K support area by buyers. The price is currently evaluating a significant daily demand zone, with on-chain data indicating that it is nearing the average cost basis of recent holders. On the daily timeframe, Bitcoin has decisively breached the midpoint of … Read more
There is a significant threshold approaching for the leading cryptocurrency. This could be the pivotal factor in determining the success or failure of a potential breakout following the latest rebound. Conversely, it may merely represent the forthcoming consolidation point. Some analysts are highlighting a significant resistance level to monitor at $87,200, which may be crucial … Read more
Bitcoin traded predominantly within the $84,000 to $85,000 range on Friday, until a sudden spike in volatility caused its price to approach $83,000. After experiencing a decline in momentum subsequent to its second breach of $87,000 earlier in the week, bitcoin steadily relinquished the majority of its gains from Monday, during which it had surged … Read more
Bitcoin’s price experienced a decline on Wednesday, coinciding with a notable increase in U.S. Treasuries, as the 10-year yield rose above 5%, marking its highest level since 2007. The price of the leading cryptocurrency experienced a decline of 2% over a 24-hour period Wednesday afternoon in New York, trading at $84,357. Bitcoin’s price had surged … Read more
Bitcoin is currently consolidating at $77.3K following a significant breakout from the $67K region. While the broader structure has improved significantly, BTC is now encountering a critical resistance cluster in the vicinity of $80K-$82K. Meanwhile, the latest Coinbase Premium reading indicates that US spot demand has not yet fully validated the recent advance. The daily … Read more
Bitcoin is currently trading at about $78,600, stabilising below a crucial resistance range between $83,000 and $86,000. This level aligns with various metrics, including the cost basis of long-term holders, the BTC futures liquidation map, and the break-even price of institutional ETFs. However, the selling pressure within this range is significantly muted, indicating a possible … Read more
BTC encounters a pivotal week ahead, having stabilised near $80,000 over the weekend. However, a series of significant economic events in the US could influence its duration at this level. Following last Friday’s strong US jobs report and the subsequent unusual rise in expectations for an upcoming Fed rate hike, risk-on assets are entering the … Read more
The liquidations exceeded $200 million within a single hour as the entire market experienced a sudden downturn. After surpassing $79,000 on Sunday evening, bitcoin commenced the new business week on a negative note, declining below $77,000 within approximately an hour as geopolitical tensions reemerged in financial markets. The decline occurred in the context of renewed … Read more
Last week, Bitcoin saw its most remarkable weekly increase in three years, rising from less than $65,000 to nearly $80,000 in less than 48 hours. Such explosive moves are typically followed by a sharp retracement as investors tend to secure profits, particularly after extended periods of sideways activity devoid of significant gains. BTC has indeed … Read more
A relatively small change in the U.S. government bond market catalysed one of bitcoin’s most pronounced rallies in recent months this week, as declining long-term yields provided traders with a rationale to reverse a historic accumulation of bearish positions in the cryptocurrency market. The U.S. Treasury announced an increase in the scale of its buyback … Read more
