Bitcoin's price is currently testing a critical $60,000 support level after falling below its 200-day moving average, showing a pattern of lower highs and lower lows. Despite this bearish trend, long tails on recent candles suggest strong buying interest at these levels, which coincide with support from an 8-month bull flag in 2024. Additionally, bullish divergence in both daily and weekly RSI indicators hints at a potential price recovery, although the weekly candle closing below key averages could signal further downside. Investors should watch for a breakout above the descending trendline or a close below support to gauge the next move.
XRP is approaching a critical support level near $1 after a nearly 9% drop this week, triggered by a broad crypto market sell-off and heavy liquidations. Bitcoin's fall to a yearly low around $58,000 and rising U.S. inflation data have intensified se...
Bitcoin experienced significant capital outflows as traders moved funds into stablecoins like USDT and USDC, as well as fiat currencies including USD, BRL, and TRY. This shift indicates a defensive market stance, with investors seeking liquidity and ...
Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evid...
Bitcoin slipped below $60,000, trading around $59,586 after a US inflation report showed higher-than-expected Personal Consumption Expenditures, signaling prolonged Fed interest rate hikes. This triggered a $1.48 billion crypto liquidation, dragging ...
Economist Peter Schiff distinguishes the recent price drops of gold and Bitcoin, viewing gold's decline as a buying opportunity while characterizing Bitcoin's fall as a deflating speculative bubble. Bitcoin slipped below $60,000 for the first time in...
