Bitcoin’s risk profile is on the rise as institutional selling picks up pace, with crypto analytics platform Swissblock highlighting a “high-risk” environment stemming from ETF outflows and geopolitical instability. As of May 26, Bitcoin is trading at $76,683, reflecting a decrease of 0.79% in the last 24 hours, as reported. Swissblock’s Bitcoin risk index currently … Read more
Bitcoin price continued to find support above the $75,000 level. BTC established a foundation and positioned itself above $76,200, initiating a recovery wave. There was a movement above the $76,500 and $76,600 levels. The bulls successfully elevated the price beyond the 50% Fibonacci retracement level of the decline from the $78,100 swing high to the … Read more
Bitcoin price struggled to maintain its position above the $77,500 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $77,000 mark. A drop occurred beneath the $76,500 mark. The price even dipped below $76,200. The market saw a low at $76,020, with the price currently consolidating its losses. … 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 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
Bitcoin price surged more than 5% on the evening of April 13, climbing close to the $75,000 level and marking its strongest intraday move in several weeks as traders responded to a blend of macro pressure and technical positioning. The recent rally comes after a series of volatile trading days, with bitcoin maintaining a narrow … Read more
Bitcoin price struggled to maintain its position above the $72,500 resistance zone. BTC reached a peak around $73,800 before initiating a new downward trend. A drop occurred beneath the $72,500 threshold. The price has fallen beneath the $71,500 and $71,200 thresholds. A low was established at $70,517, and the price is currently consolidating losses beneath … Read more
Bitcoin has surged following the ceasefire between Iran and the US, successfully reclaiming the $73,000 mark as geopolitical tensions ease and oil prices decline. The recent developments have sustained the momentum that began with the initial surge post-truce, leading some analysts to suggest that the market may be nearing a critical juncture where short positions … Read more
West Texas Intermediate crude has surged to $115 a barrel, gasoline prices in the US have skyrocketed nearly 40% since late February, and Bitcoin continues its struggle to breach a barrier it has encountered unsuccessfully on six occasions. On Monday, Bitcoin briefly reached $69,550, marking a modest 3.30% gain that sent shockwaves through the derivatives … Read more