Bitcoin has fallen to around $68,705, dropping below key short-term moving averages and showing strong downward pressure. Despite this, large investors known as whales have been actively buying, with one whale purchasing 340 BTC worth $23 million and another opening a 40x leveraged long position on 440 BTC. This whale activity suggests optimism, but overall market momentum remains bearish with selling pressure outweighing buying. If the current trend continues, Bitcoin could drop further to $65,000, but positive whale buying and favorable conditions might help it hold above $70,000 and potentially rise to around $71,885 in the short term.
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin is currently trading around $64,878 but faces potential downside risks, with analysts projecting a possible drop to $38,000–$39,000 based on past four-year bear market cycles. This would represent a roughly 40% decline from current levels and...
