Bitcoin dropped 2.88 percent to $112934 and showed signs of a Bollinger Band contraction setup again The chart shows a similar fakeout pattern that led to major expansion during the 2021 cycle top move Analysts expect BTC to reenter the Bollinger Bands soon, which may lead to a sharp push above $120000 Bitcoin (BTC) closed
Bitcoin is in the news again, as analyst Ali_Charts has flagged an intriguing divergence in the Bitcoin market. Since August 1, Bitcoin has slipped about 3.57%, yet long positions on Bitfinex have surged by roughly 20%. The latest price of Bitcoin is around $113,700, a slight decline since its July highs. Since August 1, Bitcoin
Bitcoin’s trademark volatility may be entering a new phase thanks to the Securities and Exchange Commission (SEC). The agency’s decision to raise position limits on options for most bitcoin ETFs could help smooth price swings by encouraging strategies like covered call selling, which caps the upside in exchange for steady income, according to NYDIG Research.
In his latest report, cryptocurrency analyst Axel Adler evaluated Bitcoin and the general crypto market within the framework of macroeconomic developments, price momentum, and the options market. According to Adler, external risks such as weak employment data and rising trade tariffs have reduced risk appetite in markets, leading to sharp corrections in Bitcoin. According to
Bitcoin came under notable selling pressure following heightened geopolitical concerns stemming from the escalating conflict between Russia and the United States over nuclear threats. Despite the bearish momentum, the cryptocurrency has now reached a key support zone, expected to hold in the short term. Technical Analysis By ShayanMarkets The Daily Chart After a prolonged consolidation
Cryptocurrency analysis firm CryptoQuant has published a noteworthy assessment of the recent decline in the price of Bitcoin (BTC). According to the company’s data, the price of BTC fell by 4% in a short period of time, from $118,920 to below $114,000. This move occurred immediately after US President Donald Trump announced new tariffs. During
In a surprising and unexpected twist for the crypto community, new reports suggest that the statue of Satoshi Nakamoto, erected in Lugano, Switzerland, has gone missing. In an homage to innovation, Plan B, an initiative founded in partnership with Tether and the City of Lugano, unveiled a life-sized statue of Satoshi Nakamoto at the 3rd
With Bitcoin (BTC) losing the $115,000 support amid a broader market correction, a trading expert has suggested that the asset has officially entered correction mode. According to Master Ananda, Bitcoin’s corrective phase is evident in its nearly 10% decline from mid-July record highs, with the price now testing key support near the previous all-time high.