Bitcoin is testing nearby support while momentum stays weak, though a bullish wedge setup keeps attention on a possible upside breakout now. Bitcoin’s ($BTC) latest session looks less like a routine dip and more like a failed holding pattern. The chart shows $BTC spending hours grinding lower after losing the $71,000 area, with each bounce
Well-known analyst Willy Woo stated that the Bitcoin market has entered a phase of deep consolidation that will last for at least several more weeks. According to Woo, the key barrier right now is the short-term holder price (STH price), which is located at the $84,000 level and is declining daily. Until $BTC breaks this
Bitcoin is demonstrating notable resilience amid rising global uncertainty, while outperforming traditional assets such as gold and the S&P 500, according to a senior Coinbase executive. Key Points John D’Agostino, Coinbase’s head of institutional strategy, highlights Bitcoin’s resilience amid global uncertainty. Bitcoin is outperforming traditional assets, including gold and the S&P 500, in recent weeks.
Story Highlights Strategy bought 45,000 $BTC in 30 days while all other treasury companies combined purchased just 1,000. Corporate participation in Bitcoin buying has collapsed to 2% of total purchases, down from 95% at the peak. Bitdeer, Genius Group, and Cango have actively sold their holdings. The corporate Bitcoin treasury movement had a great story.
The New York Stock Exchange (NYSE) confirmed an official listing notice for Morgan Stanley’s spot Bitcoin ETF, ticker MSBT, signaling the product could launch soon. ETF Analyst Eric Balchunas called the listing announcement a sign that the launch is “imminent.” If approved, MSBT would become the first spot Bitcoin ETF issued directly by a major
The US House of Representatives has slowed down the Tennessee Bitcoin Reserve Bill (HB1695) by putting it “behind the budget.” This means the bill is not a top priority right now. Because of this, the bill has stalled in the House. However, the Senate version is still moving forward. At the same time, more US
Bitcoin, the leading asset in the cryptocurrency market, is maintaining a relatively strong stance despite geopolitical tensions in the Middle East and rising oil prices. However, recent data suggests that the upward momentum may be weakening. The decline in demand, particularly from the US, is noteworthy. Coinbase Premium, a key market indicator, has fallen to
Despite the escalating tensions in the US-Iran conflict, Bitcoin and altcoins remain strong. At this point, expectations of an uptrend in the market continue. However, this situation may be hindering the rise. Cryptocurrency analytics company Alphractal stated in its latest analysis that increasing long positions are harming the market in the short term. The analysis
Bitcoin price fell below the $70,000 mark as traders prepared for a massive Bitcoin options expiry set to occur later today. Summary Bitcoin price slipped to $69,990 ahead of a $18.6 billion crypto options expiry on Deribit, with $BTC options accounting for over $14.1 billion in open interest. The $75,000 max pain level remains a
Bitcoin is down 1.16% to $70,056 but has held the $70,000 level through geopolitical pressure most assets would not survive. The ETF and premium data suggest the hold is getting harder to maintain. $BTC Price Struggles Below $70,800 As Four EMAs Converge $BTC 4h Price Action (Source: TradingView) Bitcoin bounced off $67,000 on March 22