Bitcoin is facing bearish pressure after falling below $77,000, now testing critical support around $74,000. Despite some short-term rebounds, technical indicators show a fragile market with multiple moving average sell signals and a bearish trend on higher time frames. A break below $74,100 could lead to further declines toward $72,000, while reclaiming resistance above $76,500 to $77,500 is needed to shift momentum bullish. Traders should watch these key levels closely amid ongoing volatility and uncertain market direction.
Bitcoin's price dropped to nearly $74,300, its lowest since April 20, as investors withdrew over $2.26 billion from U.S.-listed spot Bitcoin ETFs in two weeks. The decline, about 10% below its May 6 peak, is driven by rising U.S. Treasury and global ...
Bitcoin's price fell sharply by $75,000, causing the overall cryptocurrency market capitalization to decline by 3.24%. This drop has led to a significant decrease in positive market sentiment for Bitcoin price predictions on May 24 and May 28, with p...
Peter Schiff, a known Bitcoin skeptic, warned that the $60,000 price level for Bitcoin is not a stable floor but a 'trap door' that the price could fall through, signaling potential further declines. Despite Bitcoin holding above $60,000 since Februa...
Bitcoin's price dropped to about $74,300, down over 10% from its early May peak, driven by rising U.S. and global bond yields that reduce demand for riskier assets. U.S.-listed spot Bitcoin ETFs experienced a combined outflow of more than $2.26 billi...
Bitcoin is approaching a critical support zone between $74,400 and $74,900, with charts indicating a possible liquidity sweep near $75,000. This level is important because if Bitcoin holds it, buyers may push for a rebound above $78,100, which would ...
