Bitcoin experienced a sharp sell-off over the weekend, dropping to a low of $59,100 before buyers pushed the price back above $61,000. The daily Relative Strength Index (RSI) hit a deeply oversold level of 16, indicating that the recent selling pressure may be easing. Despite this, all major moving averages remain bearish, with key resistance levels around $65,000 to $67,000 and $70,000 to $72,000. Traders are watching closely for a potential relief rally or a renewed breakdown below $59,100, which could lead to further declines toward $56,000 or lower. Overall, the market shows signs of a possible short-term stabilization within a larger downtrend.
Bitcoin recently fell to $59,100, prompting analysts to warn it may be repeating the bearish pattern seen in 2022, especially around the critical 50-month exponential moving average at $66,628. This technical level is seen as a potential support befo...
Bitcoin has dropped below its 200-week moving average and key support levels, including the February lows, signaling continued bearish control. However, it remains near a significant long-term rising trendline connecting past cycle lows, suggesting a...
Ether fell over 8% to $1,625 on June 5, marking its lowest price since April 2025 and a steep decline from nearly $5,000 less than a year ago. This drop occurred alongside Bitcoin's sixth straight daily loss and severe declines in privacy coins like ...
Bitcoin briefly dropped below $60,000 following a strong US jobs report that led to a broad market selloff, including stocks, bonds, and cryptocurrencies. The report caused markets to price in higher interest rates for longer, pushing Treasury yields...
Bitcoin has fallen 50% from its all-time high, erasing about $988 billion in market value due to a mix of market-specific and macroeconomic pressures. Significant ETF outflows in the U.S. signal growing investor caution, while ongoing geopolitical te...
