Bitcoin has bounced from support around $74,249 but faces resistance near a descending trendline, preventing a confirmed upward trend. Analysts highlight the need for a clean break above this resistance and a five-wave impulsive move to signal a strong recovery. Without this, Bitcoin risks falling back to support levels between $71,450 and $73,050, with a potential drop toward $50,000 if the bearish trend continues. The next major resistance to watch is around $82,750, but current patterns show weakness and a possible channel breakdown if Bitcoin fails to reclaim higher levels.
Bitcoin recently broke a crucial technical support level around $75,000-$76,000, raising fears of a correction back to the $60,000 range. This drop is driven by several factors including outflows from US spot Bitcoin ETFs, renewed selling pressure, a...
Infinit (IN) surged nearly 10% on Upbit with a 500% spike in trading volume, reaching about 53.49 billion won in 24-hour turnover. This surge placed Infinit at the top of Upbit's investor sentiment rankings with an 'extreme greed' score of 97, signal...
Bitcoin's price recovered to about $75,360 after dipping below $75,000, driven by optimism over a potential 60-day ceasefire deal between the US and Iran. The ceasefire talks include easing sanctions and reopening the Strait of Hormuz, which could ea...
Bitcoin fell to $74,190, its lowest in over a month, following Kevin Warsh's appointment as Federal Reserve Chair. Despite Warsh's pro-crypto stance, his hawkish approach to inflation and potential rate hikes is pressuring risk assets like Bitcoin. W...
U.S.-based spot Bitcoin ETFs experienced significant outflows totaling $1.2 billion over five days, marking the third worst week on record for these funds. The largest single-day withdrawal was $647 million on May 18, followed by continued losses thr...
