Bitcoin Market Rocked By $1.6 Billion Wave Of Aggressive Selling
If Bitcoin closes above $80,000 on a daily candle, a short squeeze could send prices racing toward $82,230 — a level that hasn’t been tested in seven months. That’s the scenario analysts are watching after a massive wave of selling halted Bitcoin’s climb at a key resistance zone over the weekend. Short Sellers Dominate The…
Long-Dormant Bitcoin Whale Transfers 11,300 BTC, Sparking Market Speculation
The Bitcoin weekly chart is sitting at a crossroads. The price is pushing against a resistance zone between $78,000 and $80,000 — a level that analysts say could determine whether the market shifts direction or slides further down. Old Wallets Break Their Silence Two Bitcoin wallets, each dormant for more than 14 years, moved large…
Bitcoin Bottom Zone Now Lies Around $59,000 Based On This On-Chain Metric
After weeks of renewed optimism, many in the Bitcoin market now believe the tide could finally be turning. While the premier cryptocurrency’s price action has been steadily turning around since the start of April, the current on-chain structure suggests expectations might be overestimated. According to an on-chain analyst, BTC’s recovery process is unlikely to occur…
Bitcoin At Risk As TD Sequential Flashes Key Bearish Signal – Details
Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. TD Sequential Highlights Critical Bitcoin Support In an X post on…
Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next?
Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s…
Bitcoin At A Transitional Phase? Bull Score Index Signals Uncertain Momentum
The Bitcoin market appears to be at a critical phase, as evidenced by data from a recent on-chain evaluation. According to this latest analysis, the Bitcoin price shows few signs of a clear directional trend, with uncertainty as the prevailing structure. Bull Score Index Within Neutral Territory In an X post on May 2, pseudonymous…
Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst
A “big announcement” tied to US President Donald Trump’s Bitcoin reserve is expected within weeks, according to White House crypto advisor Patrick Witt, who made the statement at the Bitcoin Conference in Las Vegas earlier this week. Bitcoin: Market Momentum, Not Messaging The timing of that potential announcement comes as Bitcoin sits well below the…
Bitcoin Could Be One Breakout Away From A Structural Shift: Analysts
Fewer derivative traders are placing new bets on Bitcoin right now. Open interest has barely moved — up just 1.50% to $55 billion — and more futures positions closed than opened in the past 24 hours. Volume dropped 21% to $30 billion. The market is waiting. Sellers Have Had The Upper Hand For Over A…
Bitcoin Price Yet To Bottom Based On MVRV Bands — $43K Still Possible?
The Bitcoin price enjoyed a modest recovery on Friday, the start of May. Alongside its technically bullish structure, this auspicious beginning tells a story about Bitcoin’s chances of performing impressively in the coming weeks. Yet, the flagship cryptocurrency still faces a broader threat of a potential downturn. According to data from a recent on-chain evaluation,…
Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown
Bitcoin is holding a critical position as it attempts to stabilize above a key moving average while facing persistent resistance near $78,000. The recent reclaim of the 21-week EMA signals potential strength, but repeated rejections overhead continue to test bullish momentum. With price caught between strong support and a stubborn ceiling, the next move could…