Bitcoin is trading near its critical 200-week moving average at around $61,300, a level historically linked to major market cycle bottoms. Despite losing the 50-week moving average, which signals weakening mid-term momentum and bear market conditions, on-chain data shows growing network activity with over 3.77 billion UTXOs created, nearly double the last bear market's figure. This suggests sustained user engagement even amid price pressure and macroeconomic tightening. If Bitcoin breaks below $61,000, it could fall toward $53,600, but upside recovery targets remain near $69,000 and $76,000.
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...
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...
Cryptocurrency markets exhibit mixed price changes with Bitcoin trading around $62,961, up 0.54%, and Ethereum near $1,658, up 0.40%. Notable gains include Monero (XMR) surging 13.46% and LAB soaring 34.59%, while some coins like BEAT and BDX face de...
Bitcoin price recovered above $63,000 after Donald Trump announced the cancellation of planned U.S. strikes on Iran and progress toward a peace agreement. This news reversed losses caused by hotter-than-expected U.S. producer inflation data, which ha...
