Bitcoin's short-term holder MVRV ratio has dropped to 0.75-0.80, a level historically linked to local market bottoms where weaker holders exit. Despite this, a descending MVRV channel since 2024 indicates weakening buying momentum. The aSOPR 7-day average is near 0.96, a support level that has previously marked seller exhaustion and potential market reversals. Traders remain cautious, watching for aSOPR to rise above 1.0 and MVRV to recover above 1.0 for confirmation of a durable bottom, while Bitcoin consolidates near $63,271 with potential volatility ahead from events like the SpaceX IPO.
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
Bitcoin is currently testing a crucial support level near its 200-week moving average, a historically significant zone that has supported price in most past cycles. Analysts suggest this level could determine whether Bitcoin recovers or continues a l...
Options contracts for Bitcoin and Ether totaling about $2.5 billion expire on June 12, with Bitcoin options worth $2.23 billion and Ether options about $293 million. Bitcoin is trading near $63,000, close to a key support range of $60,000 to $62,000 ...
Bitcoin trades near $63,021 and Ethereum at $1,660 as traders focus on support, resistance, and the 200-day moving average this weekend. Bitcoin dominance stands at 56.3%, influencing cautious position management amid lower weekend liquidity. Market ...
Bitcoin's weekly Relative Strength Index (RSI) remains below the critical level of 41.5, which historically separates bullish from bearish market phases. Despite a recent price bounce from under $60,000 to around $64,000, the RSI indicates that the b...
