Bitcoin (BTC) is attempting to reclaim a crucial level as support after bouncing from the recent drop below $115,000. Nonetheless, some analysts warned that the cryptocurrency is entering a corrective phase with a potential 15%-25% drop. Bitcoin Risks Drop Below $110,000 On Monday, Bitcoin fell below the $115,000 level for the first time in nearly…
Tag: BTCUSDT
Bitcoin Price To Face Selling Pressure Over Next 1-2 Weeks — Here’s Why
The Bitcoin price appeared to have resumed its bull run as it ran up to a new all-time high on Thursday, August 14. However, this positive momentum was short-lived, as the premier cryptocurrency crashed from the unprecedented high of $124,000 down to around $118,000. The Bitcoin price has struggled to reignite this bullish run over…
Bitcoin Price Extends Losses, Can Buyers Prevent a Major Breakdown?
Bitcoin price is trimming gains and trading below $120,000. BTC is now showing some bearish signs and might decline below $115,500 zone. Bitcoin started a downside correction below the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There was a break below a key declining channel with support…
Two Scenarios Map Out Bitcoin Price Crash After Recovery
After hitting a new all-time high, the bitcoin price has since retraced towards its pre-pump levels from last week, completely erasing its rapid gains. As a result, the bears seem to be reclaiming control once again, with sellers dominating the market. While expectations for another sharp recovery abound, crypto analyst Melikatrader has outlined two possible…
Bitcoin Makes A Modest Pullback As Market Eyes Post Trump-Putin Meeting Reaction
According to CRYPTOWZRD’s recent bearish note, but the broader outlook may soon shift. He noted that the Trump–Putin meeting delivered a productive outcome, which could fuel a positive reaction in the market if conditions remain steady. Daily Candle Shows Slight Bearish Bias, Yet Indecisive In his update, CRYPTOWZRD noted that Bitcoin’s daily candle closed slightly…
Bitcoin 30-Day CDD Down: Market Absorbs LTH Selling Without Breaking Support
Bitcoin is trading at a decisive level after surging to fresh all-time highs, touching $124,000 before pulling back. Bulls remain in control, but the market now shows signs of hesitation, with BTC struggling to confirm momentum above $120,000. This price action reflects indecision among traders as the market balances profit-taking with renewed accumulation. On-chain data…
Institutions Buying The Bitcoin Dip? Coinbase Premium Shoots Up
Data shows the Bitcoin Coinbase Premium Gap has witnessed a spike, a sign that American investors may be buying at post-dip prices. Bitcoin Coinbase Premium Gap Has Seen A Sharp Positive Spike In a new Coinbase Premium Gap. This metric measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on…
Bitcoin Under Pressure? Rising Exchange Inflows Signal Potential Supply Build-Up
Bitcoin remains under the $120,000 price mark following a pullback triggered by remarks from the US Treasury that the federal government will not be purchasing the cryptocurrency. At the time of writing, BTC is valued at approximately $118,612, representing a 4.1% decline from its record high above $124,000 reached earlier this week. The market seems…
Trump-Backed American Bitcoin Targets Asian Companies For Strategic BTC Acquisitions
American Bitcoin, the recently established mining company backed by Donald Trump Jr. and Eric Trump, is actively seeking opportunities to acquire companies in Asia to bolster its Bitcoin (BTC) reserves. According to a report by the Financial Times, sources familiar with the matter indicated that the company aims to purchase a publicly listed firm in…
Michael Saylor Sets $100 Billion Target For Bitcoin Credit Initiative
Michael Saylor, chairman of the largest public Bitcoin treasury company, Strategy (formerly MicroStrategy), is embarking on what could be his most daring financial venture yet: the introduction of perpetual preferred stock as a new funding mechanism. This new approach seeks to move away from traditional methods like common stock sales and convertible bonds, which have…