Bitcoin faced significant selling pressure at the $77,000 level, with Binance data showing a Net Taker Volume of -$50 million initially and -$20 million on a second retest. Despite this, buyers absorbed the selling, preventing a deeper drop and signaling a rejection of further downside below $77,000. This suggests a potential short-term bounce toward the $79,000–$80,000 resistance zone. However, if Bitcoin falls below $77,600 without buyer support, a sharp decline toward $72,000 could occur, deepening the correction. Overall, the market is cautious with low volume, making the $77,600 level critical to watch for the week's trend direction.
Bitcoin prices paused near $82,000 after a strong rally, influenced by the confirmation of Kevin Warsh as Federal Reserve chair and progress on the CLARITY Act in the U.S. Senate. Investors are cautious due to rising inflation and geopolitical tensio...
Traders transferred $1.5 billion in stablecoins to Binance as a defensive move against Bitcoin's sharp price swings, using stablecoins to stay in the crypto market without exposure to Bitcoin's volatility. This large inflow highlights Binance's stron...
Bitcoin has surged 25% from recent lows amid rising bond yields and escalating Middle East tensions, showing notable resilience compared to other risk assets. Institutional interest remains strong, with Bitcoin ETFs hitting all-time highs in assets u...
Bitcoin recently reached its first Fibonacci extension target around $82,477 but pulled back below $79,000, trading near $78,320. Key resistance lies between $82,000 and $87,273, while support is seen near $77,000 and $74,929. A possible CME futures ...
Bitcoin traded in a narrow range around $78,000 on May 17, holding key support after a recent pullback from $82,800. Technical indicators show mixed signals with cautious sentiment and weakening bearish momentum. Traders are watching for a breakout a...
