Bitcoin is facing strong resistance near its 200-day moving average around $81,000, signaling a possible correction similar to the 2018 bear market. The current price action and technical indicators like the weekly RSI suggest weakening momentum and a potential consolidation phase before a further decline. Analysts project Bitcoin could fall toward the $41,000 region, identified as a possible bear market bottom. Key support levels to watch are $75,733 and $66,898, while resistance stands near $78,258 and $84,569, with a breakout above these potentially boosting bullish momentum.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $76,670, down slightly by 0.75%. Ethereum and several other major coins also saw minor declines, while some altcoins like BCH and ZEC recorded gains above 5%. This mixed...
Bitcoin price dropped near $76,000 due to weakening technical indicators, over $1 billion in spot ETF outflows, and rising geopolitical tensions, especially concerns over potential US-Israel military action against Iran. Short-term holders have sold ...
Cryptocurrency markets display a mix of slight gains and losses, with Bitcoin trading around $76,939 and Ethereum near $2,117. Several altcoins such as Injective (INJ) and Ondo Finance (ONDO) show significant positive price changes, rising by 9.68% a...
Bitcoin fell nearly 5% this week due to geopolitical tensions and rising bond yields, triggering a broad selloff in crypto and equities. Over $657 million in crypto positions were liquidated recently, mostly from long positions, pushing Bitcoin close...
On May 19, Bitcoin recovered from a dip to $76,000 and traded above $77,000 following U.S. President Donald Trump's decision to postpone military action against Iran. This geopolitical relief helped ease market fears, but analysts warn that Bitcoin r...
