Bitcoin recently peaked near $83,000 but has since fallen below its 9-day and 21-day moving averages, now trading around $77,371. This drop follows a multi-day retracement triggered by a bearish crossover of short-term moving averages and over $800 million in liquidations amid rising US bond yields and geopolitical tensions. The Relative Strength Index shows the market has cooled from overbought conditions, reflecting reduced bullish momentum and increased selling pressure. Key levels to watch are $78,500-$79,300 for a potential recovery or $76,086 as critical support, where a break could lead to further declines toward the low $70,000s.
Bitcoin recently fell below key technical levels, sparking fears of a new bear market. However, K33 Research highlights that unlike previous crashes fueled by excessive risk-taking and leverage, the current market shows exceptional trader pessimism a...
Bitcoin is currently testing a crucial weekly support level near $72,000 after a weak short-term bounce from the 78.6% Fibonacci retracement around $75,000. Historically, Bitcoin has used this Hull Moving Average (HMA) level as a strong support durin...
Cryptocurrency prices are fluctuating with Bitcoin trading near $77,490, up by 0.97%, and Ethereum around $2,130, up by 0.78%. Other notable movements include ZEC rising 4.37%, UNI up 4.01%, and ALGO increasing 4.70%, while some coins like BCH and XL...
Ethereum's ETH token has declined about 40.6% over the past five years, underperforming rivals like Bitcoin, Solana, and BNB despite Ethereum's dominance in DeFi, stablecoins, and tokenized real-world assets. The shift to Layer 2 scaling solutions ha...
Bitcoin price remains under pressure but on-chain indicators like the MVRV ratio suggest a long-term accumulation phase, potentially leading to a rally toward $95,000. Analyst Ali Martinez highlights that Bitcoin holding above $72,960 support is cruc...
