Bitcoin has absorbed a sharp sell-off and stabilized at key support, signaling that buyers are firmly in control. With the market holding its structure, insights from Quantum Models suggest that Wave (3) is underway, pointing toward a near-term target around $104,000. Q-Structure Confluence Holds Firm, Keeping The Bullish Bias Alive Elliott Chart, in a recent
Bitcoin price retreated to the important support level at $90,000 on Thursday, erasing most of the gains made in the initial days of the year. It has retreated by over 4% and continues to underperform other popular assets like gold and the stock market. Still, analysts are optimistic that the coin has more upside this
Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000. Bitcoin started a downside correction and traded below the $92,000 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at
The Bitcoin price consolidation reveals the formation of a bearish continuation pattern called inverted flag, signaling the risk of prolonged correction ahead. Bitcoin transfer volume on the blockchain has shown a consistent drop since the beginning of 2023. BTC price drops below the 50-day exponential moving average, reinforcing the bearish narrative in the market. The
Bitcoin’s price sits at $89,764 on Thursday morning with a market cap of $1.79 trillion and a 24-hour trading volume that just grazed $47.55 billion. The coin strutted through a price corridor of $89,774 to $92,125 in the last day, testing traders’ patience and perhaps their caffeine tolerance. Bitcoin Chart Outlook On the daily chart,
A major Bitcoin whale has exited a sizable leveraged position as BTC price slid back toward the $90,000 mark. According to blockchain analytics firm Lookonchain, a whale wallet identified as 0xFB78 closed all of its Bitcoin long positions. In total, the trader exited 3,846 BTC, worth approximately $350.4 million, locking in losses of more than
Crypto Market Faces Pressure from Multiple Fronts After a strong weekly rally, the crypto market faced renewed selling pressure over the past 24 hours. Bitcoin led the move lower as several overlapping factors weighed on sentiment, including large liquidations, regulatory uncertainty in the US, institutional developments, and growing macroeconomic caution. Rather than a single catalyst,
Bitcoin is testing key levels within the Ichimoku Cloud, and whether it can hold above this zone will determine its next major price direction. Bitcoin’s strong start to 2026 saw it quickly recover from December 2025’s losses, reclaiming the $90,000 mark early in January. Despite external pressures, including geopolitical tensions like the U.S. targeting Venezuela,
The recent fall of Bitcoin to the sub-91,000 zone has caused some abnormal activities among the long-term holders. Many of the holders have sold during price weakness as opposed to selling into strength. This trend is very evident. It is not like bull-market behavior. Statistics indicate that the long-term holder supply share has been decreasing
The leading cryptocurrency Bitcoin (BTC) and altcoins started 2026 with a strong recovery, but have since experienced a pullback in the last 24 hours. At this point, BTC had risen as high as $94,000 but has now retreated to around $90,000. This increases the likelihood of further declines, and cryptocurrency analytics company MakroVision has published