Bitcoin failed to sustain its breakout above the $66,000 resistance and 200-week EMA, confirming a false breakout and reinforcing a bearish outlook. The price is now trading between $66,000 and $60,000, with $60,000 as a key support level. If $60,000 fails, the market could drop to the $58,000 liquidity zone or even lower towards $45,000–$50,000. Investors are advised to use a Dollar-Cost Averaging strategy below $65,000 to build positions gradually rather than trying to time the exact bottom, preparing for the next bullish cycle while managing risk in a still bearish macro environment.
Bitcoin dropped about 2.5% to near $63,327 as traders reduced risk ahead of the Federal Reserve's interest rate decision. US spot Bitcoin ETFs saw $11.64 million in net outflows, adding selling pressure alongside leveraged liquidations. Technical ind...
The Federal Reserve's upcoming rate decision has markets divided, with CME FedWatch showing a 31.5% chance of a rate hike and 68.5% chance of holding rates steady. Bitcoin has fallen nearly 2% ahead of the announcement, trading near $63,700, down 46%...
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
Flare Networks CEO Hugo Philion announced plans to extend the FAssets system, currently supporting XRP, to Bitcoin through a wrapped FBTC token. This move aims to attract institutional investors by using confidential computing technology to keep larg...
Ethereum (ETH) is trading around $1,881 after a recent 4.24% drop, maintaining demand despite short-term pullback. It faces critical support between $1,850-$1,870 and resistance near $1,900-$2,000, with whale traders split between longs and shorts, i...
