Bitcoin has fallen below the key $65,000 support level, confirming a major rounding top pattern that projects a potential decline to around $47,000. This drop follows significant outflows from spot Bitcoin ETFs, totaling $4.33 billion over 13 days, weakening demand. Market sentiment remains fragile due to geopolitical tensions, shifting investor interest toward tech stocks, and ongoing liquidation of leveraged positions. Technical indicators suggest bearish momentum, with resistance near $64,000-$65,000 and critical support at $60,000; failure to hold these levels could accelerate the decline. Analysts are watching these zones closely as Bitcoin navigates uncertain macroeconomic and geopolitical risks.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
