Bitcoin's price appears to have found short-term support around $61,000, slightly above its February low of just under $60,000, according to economist Peter Schiff. Despite recent losses and significant selling pressure from large holders and U.S. spot ETF liquidations, Bitcoin has bounced over $2,000 off this support level. Schiff suggests the price could follow a bullish reversal pattern similar to post-2021 rallies, but warns that a breach below $60,000 could lead to further declines. The current price action is influenced by a stock market rally driven by AI, which has reduced institutional demand for Bitcoin despite its strong fundamentals.
Bitcoin price recently hit a strong resistance level at $65,600 but failed to break through, signaling a possible reversal. Short-term momentum is weakening, suggesting the price may decline unless a sudden surge occurs. Key support levels include th...
NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
