Bitcoin recently tested major support levels around $61K, including the bull market trendline and 200-week SMA, and is now stabilizing above them. The price currently holds near $62,800, having passed a descending trendline from the recent crash, suggesting potential for sideways or upward movement. However, bearish indicators like the Stochastic RSI and poor market sentiment remain. A retest of the bear market trendline near $58K could signal the end of the current bear market, possibly leading to a new bull phase, but this may still take until Q4. Overall, the bear market appears to be nearing its end, with most of the downward movement behind us.
Cryptocurrency markets faced their worst week since July 2024, with Bitcoin dropping nearly 15% and Ether falling over 17%. Ether is nearing a critical support level of $1,420, risking a slide back to 2022 bear market prices if broken. The privacy co...
Bitcoin's price has dropped sharply by 50% due to rising geopolitical tensions in the Middle East, causing widespread market volatility. This decline also impacted $STRC, which fell by 5%, reflecting broader negative sentiment in the crypto market. A...
Worldcoin (WLD) fell 8.7% on Upbit, trading between 717 and 835 won amid an extreme greed sentiment signal, indicating high short-term volatility and profit-taking. Despite its long-term goal of expanding financial access, WLD is currently behaving l...
Bitcoin has dropped below the critical $63,000 support level due to a wave of deleveraging and macroeconomic tightening, including persistent inflation and delayed Fed rate cuts. Institutional outflows from spot ETFs and a rotation into tech stocks h...
Ethereum's price has dropped below the key $1,700 level due to ongoing macroeconomic stress, ETF outflows, and liquidations of long positions, pushing it into a deep correction phase. The Relative Strength Index (RSI) shows Ethereum is heavily overso...
