Bitcoin (BTC) has been fluctuating between $65,000 and $70,000 in recent days, while bearish price predictions continue. At this point, Bloomberg Intelligence analyst Mike McGlone reiterated his warning about Bitcoin falling below $10,000. Mike McGlone, sharing his latest analysis on LinkedIn, warned that the bubble in the cryptocurrency market has burst and that the price
Bitcoin has fallen more than 50% from its recent cycle high, and market sentiment remains cautious. Several analysts believe $BTC is still in a broader downtrend, while others see early signs of a possible bottom formation. Below is a clear breakdown of what analysts are saying, how low Bitcoin could go, and what signals matter
In a recent analysis on X, Bitfinex noted that $BTC just saw its largest short liquidation spike since September 2024. On Feb. 13, 10,700 $BTC in shorts were wiped out as the price bounced on better macro data. On this particular day, Bitcoin sharply rose from a low of $65,799 to $69,434, reversing a four-day
Bloomberg Intelligence macro strategist Mike McGlone said Monday that collapsing crypto prices may signal broader financial stress, warning bitcoin could revert toward $10,000 and potentially foreshadow the next U.S. recession. In a post on X, McGlone also said the long-standing “buy the dip” mentality that has supported risk assets since 2008 could be breaking down
Last November, Harvard University’s latest 13F filing with the SEC caused a major stir in the institutional investment world. According to the filing, the university increased its holdings of BlackRock’s spot Bitcoin ETF, IBIT, as of September 30. However, since the sharp declines in October, the university has reduced its Bitcoin holdings in the fourth
Bitcoin wavers below key support as liquidations rise and CVDD highlights deeper downside risk. Summary Bitcoin slips under a key support zone amid rising liquidations and macro stress. CVDD on-chain metric highlights a historically important structural support area. Multiple lower support levels could attract accumulation if downside continues. Bitcoin’s (BTC) price has entered a period
An advanced artificial intelligence (AI) model estimates that Bitcoin ($BTC) will remain relatively stable in the near-term, but also that late February will bring a modest upside following the latest developments. Specifically, after several weeks of exceptionally high volatility and downward pressure that wiped some $450 billion from the cryptocurrency’s market capitalization, Bitcoin has stabilized
Bitcoin faces quantum computing scrutiny and heavy leveraged short positioning, with SOPR stabilization, ETF inflows and CME gap levels shaping whether a 10% move triggers a cascade of liquidations. Summary Quantum computing risks are drawing institutional attention, raising governance and upgrade questions as ETF-driven ownership concentrates capital. CoinGlass maps show clustered short liquidations near 10%
Bitcoin price is hovering around $68,500 as traders watch for potential volatility around Chinese New Year, a period that has historically coincided with short-term shifts in crypto liquidity. Summary Bitcoin is trading around $68,500 ahead of Chinese New Year, a period that has historically seen mixed crypto performance, with some years showing pre-holiday weakness. Coinbase
Bitcoin price has confirmed a bullish divergence on the daily chart as liquidation levels shot up on Monday. Summary Bitcoin’s Relative Strength Index has formed a bullish divergence. Several key economic data points, including FOMC minutes from January, could decide Bitcoin’s trajectory this week. Over $75 million of positions were liquidated from Bitcoin’s futures market.