After a violent washout across crypto markets, traders are watching the Bitcoin price today for signs of whether this is a late-stage flush or the start of a deeper leg lower. $BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Summary Bitcoin price today: where we are Daily chart (D1): primary trend & main thesis
Bitcoin is dangling at the edge of a breakdown, not bouncing toward a breakout. In the last hour, its price jittered between $69,049 and $69,546, as $1.40 trillion in market cap faces mounting pressure and $99.42 billion in 24-hour volume suggests panic, not conviction, inside a volatile $69,049–$76,122 trading range. Bitcoin Chart Outlook Bitcoin‘s 1-hour
Bitcoin continues to face firm downside pressure on the four-hour chart, with sellers maintaining control below several critical technical thresholds. Price action remains well beneath the Ichimoku cloud, confirming a sustained bearish structure. Lower highs and lower lows dominate the chart, while repeated failures near short-term averages reinforce fading bullish attempts. Consequently, traders remain cautious
Bitcoin ($BTC) and the cryptocurrency market have been unable to recover from the downward trend since the crash in October. With successive declines, Bitcoin has fallen to the $70,000 mark, while the situation remains very bad for altcoins as well. In its analysis from the CryptoQuant X account, it stated that Bitcoin is already in
Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility. The world’s largest cryptocurrency fell as much as 7.5% over the past 24 hours, touching lows near $70,700 before paring some losses, according
In an analysis published following the recent sharp drop in Bitcoin ($BTC), cryptocurrency analytics company QCP Capital stated that the market is in a fragile balance in terms of both macroeconomic and derivative indicators. According to the company’s assessment, Bitcoin fell to approximately $72,900, reaching its lowest level since the post-US election rally. However, the
Bitcoin (BTC) has experienced sharp declines in recent days as part of a downward trend that began in October. With Bitcoin recently falling below $73,000, expectations of further decline are increasing. At this point, Wall Street giant Citi stated in its latest analysis that Bitcoin is at a critical juncture. According to Coindesk, Citi analysts
Bitcoin is increasingly behaving like a software stock, with its latest correction unfolding alongside the broader software sell-off. The relationship between bitcoin and software equities has strengthened notably. On a 30-day rolling basis, bitcoin’s correlation with the iShares Expanded Tech Software ETF, (IGV), stands at a high 0.73, according to ByteTree. The IGV is down
With crypto winter clearly having set in, bulls are now left looking for signs that the bearishness has become so embedded that a bottom might form. One case in point might be a note from Canaccord’s Joseph Vafi on Wednesday, slashing his price target on Strategy (MSTR) by a whopping 61% to $185 from $474.
Bitcoin ($BTC) has recently experienced a series of sharp declines. While the price has fallen below $73,000, Bitcoin has been trading in a relatively narrow range between $70,000 and $79,999 for approximately five days. Analyst James Van Straten, evaluating this situation, stated that according to Glassnode data, Bitcoin has spent very little time in the