Summary Bitcoin is testing the floor of its ascending channel near $63,500 The 0.382 Fibonacci retracement overlaps with channel support and reinforces that level Volume stayed quiet on the drop, which points to profit-taking rather than a breakdown The next 4-hour close on either side of $63,500 decides the near-term trend Bitcoin traded at $64,081
Bitcoin price has dipped under intense macro headwinds today, July 25, as the Nasdaq-100 index plunged to its lowest level since May 5 over escalating concerns regarding heavy artificial intelligence spending by tech giants. At the time of writing, the leading cryptocurrency trades at $64,017.51, representing a 2.49% decline over the last 24 hours. Daily
Bitcoin trades at $63,985 on July 25, pulling back after rejecting a 4-hour order block near $67,000 as analyst Benjamin Cowen warns the July rally has two weeks at most before seasonal weakness historically takes over. Three consecutive weeks of ETF inflows say the institutional floor is holding, but the 2018 analog says what goes
In his latest technical analysis video, Benjamin Cowen described Bitcoin’s (BTC) current situation as “caught between two fires.” Cowen stated that Bitcoin is caught between technical levels, four-year cyclical dynamics, and global stock market movements, and shared his critical predictions for the coming months. It was stated that the Bitcoin price has been fluctuating between
Coinbase analysts have adopted a “neutral” Bitcoin and broader crypto market outlook for Q3 2026. After printing a yearly low of $57.8K in H2 2026, $BTC has recovered by nearly 10% but has failed to reclaim $68K or the $70K level. According to Coinbase analysts, led by Colin Basco, Bitcoin appears to be transitioning from
A draft plan developed to protect Bitcoin against future quantum computing advancements has turned the debate in a different direction. The discussion is no longer related to cryptography, but governance. Is a system that was set up to resist changes capable of agreeing on an important upgrade before it is imperative? This week, the issue
Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April. The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first
Cory Klippsten, CEO of Swan Bitcoin, responded to comments from Galaxy Digital’s CEO Mike Novogratz, rejecting the idea that Bitcoin’s value or usefulness comes mainly from trust or shared belief among its users. Klippsten stated that Bitcoin doesn’t work because of trust, but because anyone and anywhere can verify. His main point is that users
Bitcoin is under renewed selling pressure, and one chart analyst says the coming weeks could determine whether this bear market is entering its final stage or has further to fall. Bitcoin was rejected from resistance earlier this month and has since pulled back. Bitcoin is testing structural support near $63,760 after being rejected in July,
Appearing on Galaxy Brains, a program hosted by Galaxy Digital’s research director Alex Thorn, Castle Island Ventures Founding Partner Nic Carter offered critical insights into the AI revolution, the threats quantum computing poses to cryptography, and the future of Bitcoin. The recent acceleration of transition schedules to post-quantum cryptography standards by the US government and