Bitcoin price struggled to break through the $77,500 resistance zone. BTC has initiated a downside correction, slipping beneath the crucial support level of $76,500 and entering a bearish territory. There was a decline beneath the 50% Fibonacci retracement level of the upward movement from the $74,210 swing low to the $77,810 high. Additionally, the hourly … Read more
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
Around 20,500 Bitcoin options contracts are set to expire on Friday, May 22, carrying a notional value of approximately $1.5 billion. This event is on the smaller side, making it improbable that it will influence spot markets. Crypto markets have experienced a downturn throughout the week, with approximately $50 billion exiting the ecosystem as Bitcoin … Read more
Bitcoin price struggled to maintain its position above the $77,200 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $76,800 threshold. A decline was observed beneath the $76,500 mark. The price has even fallen below $76,200. A low was established at $76,020, with the price currently consolidating its … 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 BTC$76,985.53 dipped below the $77,000 mark on Monday in Asia, influenced by climbing oil prices and Treasury yields that weighed on risk assets. Meanwhile, prediction-market traders maintained a low probability for any immediate relief from the Federal Reserve. The decision arrives amid a backdrop of increasingly unfavorable macro conditions for the cryptocurrency market. The … Read more
A notable accumulation of Bitcoin supply is situated just above the existing market level, and technical analysis suggests that this area could dictate the upcoming significant movement for Bitcoin. Analysis by a crypto analyst highlights the $84,000 to $88,000 zone as possibly the most crucial supply cluster in Bitcoin’s current market structure. This area is … Read more
The recent peak in the Bitcoin market may not have been marked by a notable crash or obvious sell signal, but instead by a carefully planned and sophisticated wave of distribution among large holders. In a setting filled with positivity and confidence among many players, significant investors were quietly selling off their holdings, doing so … Read more
Bitcoin price continued to hold steady above the $80,000 mark. BTC has established a solid base and is now trading above $80,500, signaling the beginning of a recovery wave. A surge was observed above the $80,650 and $80,800 thresholds. The bulls successfully drove the price past the 50% Fibonacci retracement level of the decline from … Read more
Bitcoin surged 2.3% to $82,350 on Sunday following U.S. President Donald Trump’s rejection of Iran’s peace proposal, indicating ongoing tensions in the Middle East. The action resulted in the elimination of approximately $64 million in short positions, as reported. The cryptocurrency experienced a decline to $80,520 after Trump’s remarks on Truth Social, where he described … Read more
