Bitcoin is back at a crossroads it has navigated multiple times in prior cycles, and this may be where the real test begins in this cycle. After weeks of trying to turn the low-$80,000s into a new recovery zone, $BTC has returned to the $66,900-$68,000 area, the same band I have used through several recent
It has been more than a year since President Trump signed the executive order establishing a Strategic Bitcoin Reserve on March 6, 2025, and the project is finally moving from rhetoric toward machinery. A White House report in July 2025 laid out the policy blueprint. In May 2026, Patrick Witt of the President’s Council of
Bitcoin price remains under heavy pressure after an eight-week decline pushed the asset toward its weakest level in two months. $BTC traded near $66,989 on June 3, after falling more than 10% over the past week. Market sentiment also weakened, with the Fear and Greed Index dropping to 11, a level marked as Extreme Fear.
Bitcoin has defended the $64,000-$65,000 support zone after a sharp selloff wiped out over $1.8 billion in positions. The next test is whether buyers can turn this bounce into a stronger recovery. Bitcoin Tests Major Support Zone as Analysts Watch for Relief Rally Bitcoin has dropped into a key high-timeframe support area near $65,000-$67,000, a
Veteran trader Michael XBT is doubling down on his bearish outlook for Bitcoin, even after it has already fallen 12%. He argues that a major breakdown could trigger a “total destruction” across the market. In a series of posts on X, the trader said Bitcoin’s next move lower could be severe. He claimed his short
Bitcoin fell sharply for a third straight day, sliding below $66,000 on Wednesday and wiping out all of its April gains. Key Takeaways: Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in total crypto positions were liquidated over two days, led
Bitcoin ($BTC) trades near $67,002, and on-chain data from Glassnode shows the long-term holder cohort is signaling more downside before this bear market prints a cycle low. Three Glassnode charts point in the same direction. Holders carrying coins for over 155 days appear stressed. Yet they have not reached the pain levels that historically marked
The crypto market fell nearly 7% in 24 hours into June 3, with Bitcoin briefly breaking below $66,000 and around $1.8 billion in positions wiped out. The drop looked sudden, but the on-chain data had been flashing for days. Leverage sat at October-crash levels, funding ran hot, and a rare Strategy Bitcoin sale was the
Traders looking for silver linings as Bitcoin price dropped to $65,710 on June 3 are not getting it from analysts who point to how derivatives trades are setting up and the long line to exit crypto funds in their warnings that more pain could be coming. The money leaving crypto is not disappearing into thin
Jamie Coutts, Chief Crypto Analyst at Real Vision, believes crypto may have one more leg lower before a recovery, but says anyone buying Bitcoin in the $60,000s on a long-term horizon is likely making one of the better financial decisions available right now. Speaking in a recent interview, Coutts laid out a measured case for