Bitcoin price is consolidating below former range highs, and a developing bear flag pattern suggests downside risk remains elevated with $80,000 emerging as the key support level. Summary Bitcoin lost the range high, which has flipped into strong resistance. A bear flag is forming near the range midpoint, signaling continuation risk. $80,000 is the key
Bitcoin slipped today as on-chain data showed large investors shifting capital toward gold-backed assets instead of crypto. The move comes as traditional safe havens surge to fresh all-time highs, leaving the digital asset market in the red. Key Points Bitcoin slipped as whales rotated capital into tokenized gold amid record-breaking rallies in precious metals. A
Sellers are dominating over buyers at the end of the week, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has increased by 0.29% since yesterday. On the hourly chart, the price of BTC has made a false breakout of the local support at $88,548. However, if a bounce back does not happen by the
The Lightning Network started as a simple way to reduce the cost and time of small, day-to-day bitcoin (BTC) payments. However, as new research shows, joining and exiting the network with a single peer has created an intractable problem with channel depletion that developers have not been able to resolve for years. Historically, Lightning users
Binance co-founder Changpeng Zhao told CNBC on Friday he believes bitcoin will break its four year cycle this year because the U.S. and other countries have become crypto-friendly. “If you are looking at today, tomorrow, on a daily basis, there’s no way I can predict” which way the price of bitcoin is going to go,
Bitcoin traded near $89,133 on the four-hour chart as it steadied after a steep drop from the recent $97,971 peak. The sell-off broke the earlier run of higher highs and forced price into a tighter, more defensive structure. Traders now watch this consolidation range for signs of either renewed demand or another wave of selling.
Key takeaways BTC is down less than 1% as the market remains choppy. The leading cryptocurrency could retest the $87k support level before rallying higher. BTC’s price action remains choppy The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red. Bitcoin has lost 0.7% of its value in
The debate is growing among Bitcoin treasury companies. Jack Mallers, CEO of XXI Capital, announced that they are abandoning the Bitcoin per share (BTC-per-share) metric, which has long been used as a key indicator in the sector. With this decision, Mallers indirectly leveled a harsh criticism at Michael Saylor and the Bitcoin treasury model he