Bitcoin's price dropped below $62,000, continuing a 14% monthly decline driven by increased selling pressure from large holders (whales) and $4.4 billion in Bitcoin ETF outflows. Whale deposits to Binance surged, signaling potential further selling, while demand for Bitcoin contracts also contracted sharply. The market faces additional pressure from rising bond yields, inflation concerns, and a shift of capital toward AI and tech stocks. Technical indicators suggest Bitcoin may test the critical $60,000 support level, with a possible deeper drop if this level fails. Recovery depends on reclaiming $65,000 and overcoming resistance near $70,000 to $74,000.
Bitcoin fell 14.5% over the week to $62,715, driven by Broadcom's disappointing AI semiconductor forecast which triggered a broader market selloff, including a 1.2% drop in Nasdaq futures and declines in Asian markets. Ethereum and Solana also droppe...
Reza Bundy, CEO of Atlas Capital, predicts Bitcoin could plunge up to 70% within six months, falling to a range of $26,000 to $30,000 amid potential market turmoil similar to the 2008 financial crisis. Despite this short-term bearish outlook, Bundy f...
Bitcoin is trading near $62,880 with a slight decline over the past week, testing support levels while Ethereum has dropped more sharply to $1,674. Bitcoin dominance remains high at 56.2%, indicating a BTC-led market as traders remain cautious, espec...
Bitcoin is approaching the critical $60,000 level, a key support tied to institutional cost bases and derivatives hedging. If it falls below this threshold, it could trigger mechanical selling by market makers and forced liquidations of leveraged lon...
Bitcoin price dropped to around $61,925 on June 5, pressured by ETF outflows, a rare sale by Strategy, and a surge in large whale deposits on Binance. The $60,000 level has become a critical support after Bitcoin fell sharply from highs above $74,000...
