Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks. The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000. Analysts say the compression may precede a breakout attempt, with liquidity clusters…
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Bitcoin’s (BTC) price continued to consolidate near $68,000 on Tuesday, but sustained weakness below this level may generate additional sell pressure from the newest cohort of large holders. While the long-term whales remain in profit, short-term whales are sitting on sizeable unrealized losses. One analyst highlighted how this pressure may impact BTC’s price, as other…
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Bitcoin (BTC) price continues to compress under $70,000 on Tuesday, and data suggests that the risk of new year-to-date lows remains a risk if bulls fail to turn the level into support. The whipsaw nature of Bitcoin’s price surged as US market volatility climbed back above a critical level, and Treasury yields saw their sharpest…
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Bitcoin (BTC) saw a sharp dip below $67,400 during the Monday session open, after it rallied above $70,000 over the weekend. An immediate recovery may come at the back of BTC order book data, which shows aggressive bid positioning, and onchain data pointing to a rise in long-term accumulation. Analysts now say the move may…
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Bitcoin (BTC) rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February. Analysts say the breakout may evolve into a broader bullish trend, although other data suggest that a longer period of price consolidation will underlie the emerging bull trend. Key takeaways: BTC broke above the…
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Bitcoin (BTC) formed a new weekly low at $65,500 on Thursday, and the price has continued to trend lower over the past four days. Derivatives data also indicate that traders are heavily positioned to the downside. Analysts said that this setup may lead to a sharp move higher that forces sellers to close their positions,…
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Bitcoin (BTC) and Ethereum’s native token, Ether (ETH) continue to seach for price stability after trading at respective intraday lows of $66,171 and $1,912 on Thursday. As this process runs its course, new analysis from Bloomberg analysts investigates how the spot BTC and ETF holders are faring amid sustained price weakness and slowing exchange-traded funds…
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Bitcoin (BTC) price fell to $65,800 on Wednesday, slipping back below key intraday trend lines and raising concerns that last week’s drop to $60,000 may not have been the final bottom. Now, analysts say that the possibility of another drop to the yearly low ($59,800) is increasing due to a growing liquidity gap between $66,000…
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Bitcoin (BTC) has now retraced for three straight days, slipping below $66,000 during the New York session on Wednesday. The decline came after a failed push above $70,000, as weak buying interest allowed sellers to maintain control. Onchain data suggest that the pullback is possibly driven by spot-led selling on Binance, while the lack of…
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Bitcoin (BTC) is trading below $69,000 on Tuesday, confirming the view that price consolidation is the most likely course over the short term. The sell-off to $60,000 and the subsequent recovery to $72,000 resulted in many BTC price indicators falling into what analysts believe to be a deep value zone, but will buyers reach the…
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