A crypto analyst has suggested that Bitcoin ($BTC) is still in a bear market despite its recent price rally, warning that the cryptocurrency could be headed for a deeper correction below $60,000. The call comes amid repeated failed breakouts and weakening momentum, raising doubts about any near-term recovery. According to the analyst, the current price
Just as bitcoin appeared to have built momentum for a breakout above $80,000, macro uncertainty reemerged as a headwind. The most notable development came from the Pentagon, which told U.S. lawmakers in a classified briefing that clearing mines in the Strait of Hormuz, a major oil chokepoint, could take at least six months, and the
Bitcoin ($BTC) continued its upward trend last night, briefly climbing above $79,300. However, this was short-lived, and Bitcoin failed in its attempt to break the critical $80,000 resistance level. The $BTC price retreated to around $77,800. While it is stated that the rise could continue if Bitcoin surpasses $80,000, Julio Moreno, head of research at
A key indicator tracking the overall health of the bitcoin market has just flashed a neutral signal for the first time since prices peaked above $126,000, signaling that the bear market may have ended. But here’s the catch: The neutral reading on the indicator turned out to be a false signal a few years ago.
Bitcoin has finally broken out of its long sideways phase that lasted for weeks between roughly $65,000 and $75,000. Price has now moved into the $77,500–$78,000 zone, shifting the market from consolidation into what looks like an early trend phase. In under two weeks, BTC is up nearly 10%. Prediction Markets Turn More Bullish at
Bitcoin has reclaimed the $78,000 level, revisiting a price zone it last touched on the 17th of April and again on the 22nd of April, after previously trading within the range on the 3rd of February. The move has reignited bullish sentiment across the market, with expectations building around a potential push toward $80,000. However,
On-chain data shows the cost basis of the Bitcoin short-term holders is located at $80,700, a level that could come into focus after the latest rally. Bitcoin Is Nearing The Short-Term Holder Realized Price In a new post on X, cycle analyst Root has shared the latest data for the Realized Price of the short-term
Bitcoin price started a fresh increase and cleared the $77,500 zone. $BTC is consolidating and might aim for more gains above the $79,500 level. Bitcoin managed to stay above $76,500 and started a fresh increase. The price is trading above $77,200 and the 100 hourly simple moving average. There is a short-term declining channel forming
In its latest report on the Bitcoin market, cryptocurrency analytics company Glassnode stated that the price is retesting critical thresholds and the market has entered a “decision phase.” According to Glassnode’s analysis, Bitcoin signaled a significant shift in market structure by surpassing the $78,100 level, which has long been considered a crucial reference point, often