The TRIX indicator, which has reliably flagged the lowest Bitcoin price for each cycle since 2015, has now identified where the asset could bottom for the current cycle. Bitcoin ($BTC) plummeted to a floor price of $60,000 in early February, and market analysts have continued to assess whether this marked the bottom of its cycle.
Bitcoin consolidation around $74,000–$75,000 is the only story that matters right now. Analysts have identified this zone as a critical structural support level that must hold to preserve the longer-term bullish outlook. A daily close below $74,000 would weaken the prevailing framework and increase the probability of a deeper retracement toward $72,000. Bitcoin has tested
Bitcoin is moving toward a key support test as charts point to a possible liquidity sweep near $75K. A rebound still depends on whether $BTC can defend the $74,400 to $74,900 zone and break above $78,100. Bitcoin Price Eyes $75K Sweep Before Overhead Test Bitcoin traded near the $77,000 to $78,000 area as the 1
One major divergence is defining this market cycle right now. Capital rotation into risk assets remains extremely aggressive. Every major U.S. equity just closed the week at fresh all-time highs. The market is effectively brushing off every macro headline in front of it, from the Iran conflict and Strait of Hormuz risks to sticky inflation
Gemini co-founder Cameron Winklevoss has strengthened the case for Bitcoin by pointing to the rapidly rising U.S. national debt as a major reason for investors to consider the digital asset. Key Points Gemini co-founder Cameron Winklevoss stated there are now 39 trillion reasons to buy Bitcoin. The United States national debt has exceeded $39 trillion
Bitcoin trades at $75,860 on May 23, sliding below $76,000 as the US House introduces a bill locking government $BTC for twenty years, ETFs post their sixth straight outflow day, and longs absorb over $350M in liquidations in a single 24-hour window. Bitcoin Daily Chart: Channel Broken, $73,500 Is the Last Floor Bitcoin Daily Price
Bitcoin traded above $82,000 during the previous business week, but it was violently rejected and dropped by over seven grand in the following days to a monthly low of $75,000 marked during the night. Here are some of the possible reasons behind this correction. Trump Media, Cuban Sell Off CryptoPotato reported yesterday that one of
The oldest Bitcoin holders, those who have held for more than 10 years, have begun moving their coins at an unusual rate. As Bitcoin crashes from its May 10 high of $82,000 to the current price of $75,400, data shows that some of the network’s oldest holders have started moving coins at unusually high levels.
Bitcoin’s price troubles seem to have no end currently, as the asset just posted yet another leg down that drove it to a monthly low of just over $74,000. This comes as popular analyst CW claimed that retail investors have been disposing of their assets, while whales have set up buy orders that can absorb
The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment. “Santiment’s analysts read these flows as a counter-indicator, since ETFs disproportionately reflect retail conviction rather than smart money positioning,”