Bitcoin's 200-week moving average (200WMA), a key long-term technical indicator, has crossed above $59,000, signaling a potentially permanent price floor for the cryptocurrency. Historically, the 200WMA acts as a critical support level during bear markets, where both retail and institutional investors accumulate Bitcoin. Although there have been rare breaches of this level during extreme market events like the 2020 crash and 2022 bear market, these were exceptions marking cycle bottoms. This development suggests Bitcoin is unlikely to fall below $59,000 in the near future, reinforcing confidence in its long-term value.
The UNITREE cryptocurrency token increased by 8% within 24 hours, reaching 83.28 USDT early Friday. In contrast, major cryptocurrencies Bitcoin and Ether saw declines, with Bitcoin down 1.24% at $81,699 and Ether down 1.38% at $2,402.35 during the sa...
Monero (XMR) surged past its September peak, briefly touching $656 before settling near $629, signaling strong buying pressure despite Bitcoin's fragile hold near the $80,000 support level. Bitcoin dropped from $84,294 to $81,483, hovering just above...
Bitcoin recovered toward $82,000 after dipping below $81,000, but the rebound was partial and fragile amid $381 million in outflows from U.S.-listed spot Bitcoin ETFs. The market's near-term direction remains uncertain, influenced by broader risk sen...
Bitcoin (BTC) is currently holding support at the lower boundary of a parallel price channel after losing gains made earlier in the week. The price slipped below a boundary near its 50-day moving average, with mixed momentum indicators showing uncert...
The cryptocurrency market experienced a broad decline on Thursday morning, with total market capitalization falling 4.59% to $2.75 trillion. Bitcoin dropped 2.49% to $81,712, while other major coins like Ether, XRP, Solana, Dogecoin, and BNB also saw...
