Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin faces sell pressure as 20,000 BTC move to exchanges, risking a drop below $60K before possible recovery.

Technical Signals
05 Aug 2026
Coinpaper
View Source
Bearish
Bitcoin faces sell pressure as 20,000 BTC move to exchanges, risking a drop below $60K before possible recovery.

Bitcoin exchange reserves have increased by over 20,000 BTC, signaling potential sell-side pressure as more coins become available for trading. This rise in reserves, from about 2.70 million BTC to 2.72 million BTC, suggests investors might be preparing to sell, which could lead to short-term price volatility. Technically, Bitcoin is trading near $63,970 with resistance around $65,347; a pullback toward $62,165-$59,591 is possible before any recovery attempt. A decisive break above $65,347 could open the path to $69,000, but a drop below $59,591 would increase the risk of a deeper decline. Investors should watch for increased selling volume or absorption of supply to gauge the next price move.

More News

WM Vice President sells 1,365 shares worth $300,000 in insider transaction

WM Vice President sells 1,365 shares worth $300,000 in insider transaction

A Vice President at WM sold 1,365 shares valued at $300,000. Insider sales like this can indicate the executive's personal financial decisions but do not necessarily reflect the company's outlook. Investors should watch for any further insider activi...

Market News
Bearish
3 hours ago
Gold and silver prices hover amid US-Iran talks and oil price shifts, with key support and resistance levels in focus.

Gold and silver prices hover amid US-Iran talks and oil price shifts, with key support and resistance levels in focus.

Gold trades near $4,340 and silver near $67 as US-Iran negotiations and oil supply developments influence markets. Brent oil fell below $100 amid hopes for increased supply, easing inflation concerns and potential Fed rate hikes. Gold faces resistanc...

Market News
Neutral
4 hours ago
Shares of Hanwha Solutions and OCI Holdings jump over 8% amid U.S.-China solar trade tensions

Shares of Hanwha Solutions and OCI Holdings jump over 8% amid U.S.-China solar trade tensions

Shares of South Korean solar firms Hanwha Solutions and OCI Holdings rose more than 8% as U.S. restrictions on Chinese solar products remain firm ahead of the Trump-Xi summit. Analysts say the U.S. is unlikely to ease these restrictions due to solar ...

Market News
Bullish
4 hours ago
XRP rebounds to $1.55, eyeing a breakout amid rising Binance reserves and active trading.

XRP rebounds to $1.55, eyeing a breakout amid rising Binance reserves and active trading.

XRP has recovered sharply from a dip near $1.39 to hold around $1.55, maintaining a bullish price structure. The token faces resistance at $1.55, which if cleared decisively, could reduce selling pressure and boost upward momentum. Meanwhile, Binance...

Technical Signals
Neutral
4 hours ago
Leidos Holdings upgraded to Buy on strong earnings and attractive valuation

Leidos Holdings upgraded to Buy on strong earnings and attractive valuation

Leidos Holdings was upgraded from Hold to Buy following strong Q2 2026 earnings, with growth in Defense, Homeland, and Intelligence & Digital segments offsetting weakness in Health. The company’s backlog rose to $48.7 billion, with funded backlog up ...

Analyst Insights
Bullish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App