Bitcoin has completed a five-wave decline, signaling a potential short-term downward trend. The cryptocurrency is currently testing a key resistance level at $74,250, which if broken, could lead to a recovery toward $76,150. However, a larger resistance zone between $77,486 and $80,501 remains a significant barrier, and a confirmed bullish reversal has not yet occurred. Traders are closely watching whether Bitcoin can hold above $74,250 to confirm a recovery or fall back toward support levels near $72,750 and possibly lower if selling pressure continues.
Bitcoin's 200-week moving average (200WMA), a key long-term trend indicator, has surpassed $61,000, as highlighted by Bitcoin pioneer Adam Back. This moving average is significant because it often marks the boundary between bear and bull markets and ...
Bitcoin is showing signs of weakening momentum as traders have wiped over $10 billion from the market this week, pushing the price closer to the $70k support level. Sentiment has dropped into extreme fear, a historical sign of capitulation, while mor...
Over $1.5 billion in Bitcoin long positions were liquidated following heightened geopolitical tensions after U.S.-Israel strikes on Iran, causing a sharp market selloff. This forced deleveraging reflects increased risk aversion and suggests Bitcoin i...
Bitcoin surged past $74,000 following the U.S. Commodity Futures Trading Commission's approval of Kalshi's Bitcoin perpetual contract, signaling regulatory openness to crypto derivatives. Meanwhile, the SEC filed charges against a Texas resident for ...
U.S. spot Bitcoin ETFs recorded $125.3 million in net outflows for the 10th consecutive trading day, marking one of the longest sustained selling streaks since their launch. This persistent outflow suggests a shift in investor positioning, possibly r...
