Bitcoin recently rebounded after dipping below $60,000, but analysts warn a deeper drop toward $47,000 is likely by October. This forecast is based on Bitcoin's historical bear market behavior, where it typically tests its 350-week moving average (around $47,900) before establishing a durable bottom. On-chain data and technical patterns like a Head and Shoulders breakdown support this bearish outlook. The current rebound near $63,000 is seen as a retest rather than a bullish reversal, suggesting further downside pressure ahead.
Bitcoin's price fell sharply to $59,175, triggering over $1 billion in cryptocurrency liquidations affecting around 178,000 traders. This decline is driven by ETF outflows, large Bitcoin sales by Strategy Inc., and geopolitical tensions involving Ira...
Bitcoin and USD Coin experienced significant net outflows totaling around $760 million combined, while Tether (USDT) recorded notable inflows, indicating a rotation of liquidity rather than a full market exit. This shift reflects traders repositionin...
Bitcoin and Ethereum prices fell about 3% amid a shift in trading activity toward stablecoins and derivatives, indicating growing volatility and cautious investor behavior in the crypto market. Bitcoin traded near $60,722 and Ethereum at $1,619, with...
Bitcoin's price dropped from around $67,000 to below $60,000 just before a $10 billion options expiry, contradicting the max pain theory that predicts prices gravitate toward a level where options buyers lose the most. The current max pain level is a...
Bitcoin price is under bearish pressure, testing the critical $60,000 support after breaking bear flag patterns. If it falls below this level, prices could drop further to $50,000 or even $35,000-$40,000, while a recovery above $85,000 is needed to c...
