Bitcoin price dropped to around $65,000 following $225 million in net outflows from U.S. spot ETFs and a $1.2 billion options expiry setting a key support level at $64,500. The price remains above a rising trendline but faces resistance near $66,800, with risks from higher oil prices and geopolitical tensions potentially limiting Federal Reserve rate cuts. A close below $63,700 could lead to a deeper decline toward $60,000, while a move above $66,800 would signal renewed buyer control. Market watchers are cautious as Bitcoin navigates these technical and macroeconomic challenges.
Bitcoin options on Deribit show a $5 billion open interest concentrated at the $70,000 and $72,000 call strikes, reflecting strong bullish sentiment. Calls outnumber puts by a large margin, driven by large bull call spreads and outright call purchase...
Bitcoin remained steady just below $65,000 while the broader crypto market showed gains even as Brent crude oil surged to $97.66, its highest since May, driven by ongoing Iran conflict concerns. This resilience contrasts with past oil price spikes th...
Bitcoin is maintaining a bullish pattern with higher lows and is currently testing the key resistance zone between $65,500 and $67,000. A confirmed breakout above $67,000 could lead to a rally toward $70,000 and possibly $72,000, signaling stronger b...
Bitcoin is currently trading around $65,276 with a 24-hour volume drop of 15%, indicating weakening buyer conviction. The price is consolidating near a key Fibonacci retracement level, pausing its downtrend but not reversing it. The next critical sup...
The crypto market ended the week higher, with Bitcoin up 4.16% and total crypto capitalization reaching $2.22 trillion. This growth occurred despite a slight decline in U.S. equities, as investors watched the progress of the U.S. CLARITY Act, which a...
