Bitcoin's price fell significantly in late April, driven by leverage liquidations amid thin order books and structural market weakness. The probability of Bitcoin reaching $79,000 by April 30 is very low at 0.1%, reflecting a bearish market outlook. This decline is linked to internal crypto market dynamics, including large outflows from U.S. spot Bitcoin ETFs, rather than external geopolitical factors. Investors should watch institutional flows and macroeconomic signals for potential shifts in Bitcoin's price trajectory.
Economist Henrik Zeberg warns that Bitcoin's recent rebound toward $80,000 is likely a temporary 'B-wave' bounce within a longer bearish cycle. His analysis, based on Elliott Wave theory and technical indicators like RSI and MACD, suggests investor s...
Bitcoin traded slightly higher near $77,200, maintaining its position above the important 50-day moving average, supported by a drop in oil prices and gains in Asian stock markets. Other major cryptocurrencies like XRP, Solana, and Ethereum also saw ...
Bitcoin has entered a consolidation phase around $76,000 after a strong rally in April. Analyst Ali Martinez highlights two crucial price levels: support at $75,733 and resistance at $78,258, which will determine Bitcoin's next major move. A break ab...
Bitcoin's price is currently in a bear flag pattern, struggling below a descending channel and facing resistance near $78,000 and the 200-day moving average. Short-term momentum indicators suggest potential downside, but a golden cross—where the 50-d...
Crypto analyst @ChartNerd predicts the XRP/BTC ratio could fall more than 57%, retesting a strong support level at 0.0000073 seen in 2024. This decline is driven by XRP's ongoing underperformance against Bitcoin, recent bearish signals like dropping ...
