Bitcoin succumbed to bearish pressure early this week, slipping into a critical support zone. The cryptocurrency has broken below the crucial $75,000 support level, trading at $73,354 at the time of writing, according to data from TradingView. Bitcoin is Consolidating in a Crucial Area Renowned cryptocurrency analyst Ali Martinez considers this development critical for the
Bitcoin price started a fresh decline below the $74,000 zone. $BTC is consolidating and might struggle to stay above the $72,000 support. Bitcoin failed to stay above $75,000 and extended losses. The price is trading below $74,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $73,750
An increasing number of Bitcoin holders are seeing their investments turn red as the holding structure continues to deteriorate across major cohorts, according to CryptoQuant. Annual balance growth for whale accounts holding between 1,000 and 10,000 Bitcoin ($BTC) has turned negative in the fastest contraction this year, CryptoQuant said in a report on Thursday. Monthly
Amid the broader market drawdown, Bitcoin’s bearish streak extended, dropping to a 6-week low of $72,728. At press time, Bitcoin traded at $73,376, down 3.2% on the daily charts, adding to its 5% weekly drop. With the market on its back foot, investors, especially whales on the derivatives, were forced to reposition themselves. Garret Jin
Peter Schiff claims Strategy’s stock-to-Bitcoin accumulation mode is one among a trio of dominoes falling in America’s debt system. The other two are the $39.19 trillion national debt and the artificial intelligence (AI) bubble. In a May 28 hour-long video, the gold permabull argues that these three elements constitute a disillusioned and consequently collapsing financial
Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline. Bitcoin is currently trading at $73,240, down about 3.2% on
Bitcoin extends its decline as selling activity across spot markets accelerates and $BTC trades near $73,496, down 2.15% over the last 24 hours. Spot demand and ETF inflows continue to weaken, reducing short-term support during the correction. Traders are also watching slower institutional activity and softer volatility expectations, while crypto-linked equities and spot Bitcoin ETFs
Bitcoin is testing a critical support zone between $72,000 and $76,000 on the three-day chart. The level has served as significant resistance, then support, then resistance again over the past year. It is now acting as support once more and how it resolves will define the next major move. Short-term price action shows continued weakness
Popular cryptocurrency market analyst Benjamin Cowen has examined Bitcoin’s (BTC) price movements and historical cycles. Cowen stated that Bitcoin has fallen below the bear market resistance band, a critical threshold on the daily chart, and faces the risk of remaining below the bull market support band (around $74,000, which is the 20-week moving average) on
Strategy Chairman Michael Saylor tried to calm the crypto market amid a decline in prices, posting a meditative photo on his social media with the laconic caption “HODL”, urging investors to hold their Bitcoin despite harsh macroeconomic pressure in the United States and the Bitcoin portfolio of his own company falling into deficit. The main