Bitcoin price steadied around $73,000 after a three-day decline triggered by Iran-related geopolitical tensions, large ETF outflows, and leveraged liquidations. Despite some easing in U.S.-Iran tensions and hopes for a ceasefire extension, bearish technical indicators like a rounded-top pattern and MACD crossover suggest the correction may continue. Key support near $72,500 is critical; a break below could lead to further declines toward $68,000 or lower. Traders watch for a potential relief rally to $74,500-$76,000, but sustained recovery depends on geopolitical developments and ETF inflows.
Bitcoin has fallen about $10,000 recently, dropping from around $83,000 to near $73,000 after hitting resistance at its 200-day moving average. Analyst Benjamin Cowen notes this pattern matches previous midterm-year weaknesses seen in 2018 and 2022, ...
Cryptocurrency markets exhibit mixed price changes with Bitcoin trading slightly down at around $73,170. Ethereum and Binance Coin show modest gains, while some altcoins like IOTA and LAB experience significant increases of over 10% and 30% respectiv...
Solana's price is holding above the critical $80 support zone despite recent selling pressure and market volatility. Analysts highlight this level as pivotal: maintaining it could lead to a recovery toward $100-$120, while breaking below may trigger ...
Bitcoin is stabilizing around $73,500, about 10% below its monthly high, due to a shortage of new buyers rather than increased selling. Despite broader risk assets gaining from easing geopolitical tensions around the Strait of Hormuz, Bitcoin's weakn...
Bitcoin's price fell to $72,000 this week due to widespread selling across spot, futures, and ETF markets, primarily driven by institutional investors. Retail traders quickly responded by buying at this dip, opening new long positions and creating so...
