Bitcoin fell nearly 4% from its recent high of $82,281 to around $79,000, testing a key support level at $78,000. This support will determine if the recent bullish breakout holds or if prices could drop further toward $74,081. The prior rise was partly driven by a short squeeze that liquidated $250 million in short positions, but momentum is weakening as short-term indicators turn bearish. While the daily trend remains positive, a close below $76,800 could signal a deeper decline, making the $78,000 level critical for Bitcoin's near-term direction.
Bitcoin reached a seven-day high close to $83,500 on October 21, coinciding with a 19% increase in crypto futures trading volume to $190 billion. Open interest in futures contracts also rose nearly 4% to $145 billion, while liquidations surged 76% to...
Bitcoin briefly fell below $81,000 before recovering slightly to around $81,300, raising concerns about a potential further decline if it closes below its 50-day moving average. Analyst Benjamin Cowen warned that such a close could push Bitcoin towar...
Bitcoin fell below $82,000 after failing to reach $85,000, pressured by a broad decline in global stocks and futures. Key markets like South Korea's KOSPI and Hong Kong's Hang Seng Tech Index saw significant drops, while Nasdaq futures also declined....
Analysts from leading crypto firms predict Bitcoin will not surpass $100,000 by the end of 2026, expecting it to close the year between $85,000 and $92,000. Key factors include geopolitical tensions in Iran causing oil price volatility, potential fur...
Bitcoin is hovering around the $80,000 mark, a key level tied to institutional investors' average acquisition costs. Recent sharp declines in capital inflows into US spot Bitcoin ETFs signal waning demand, while upcoming US inflation data and Federal...
