Crypto liquidations hit $1.3B as Bitcoin price nosedives below $104K
Over $1.3 billion was wiped out across the crypto market as traders shifted their focus to $100,000 as the last line of defense for Bitcoin. Source link
Bitcoin Late Longs Washed Out as $100K Support Becomes Key for BTC Price
Key takeaways: Bitcoin price is down 17% from its all-time high on Tuesday, dropping under $104,000. Crypto liquidations totaled $1.3 billion in losses over the past 24 hours. Traders say Bitcoin needs to quickly reclaim $105,000 to avoid a deeper correction toward $100,000. Bitcoin (BTC) bears extended the sell-side activity into the European Trading session…
Read more
BTC price at Risk? Institutions No Longer Absorbing Newly Mined Bitcoin
Key takeaways: BTC demand fell below daily mining supply for the first time in seven months. Spot Bitcoin ETFs saw $1.67 billion in net outflows since Oct. 11. Bitcoin treasury firms trading below NAVs signal eroding confidence, potentially pressuring BTC prices further. Institutional demand for Bitcoin (BTC) has dropped below the daily amount mined, raising…
Read more
Is Bitcoin Price Going to Recover in November?
Key takeaways: Bitcoin is set to end October in the red, breaking a six-year “Uptober” streak. Traders are divided, with some fearing a significant correction ahead, while others still anticipate new highs in Q4. Bitcoin (BTC) is set to end October in the red for the first time in seven years, with traders divided over…
Read more
Here’s Why Some Bearish Bitcoin Analysts Say the BTC Price ‘Top is in’
Key takeaways: Bitcoin’s bearish MACD cross and engulfing candle on the three-week chart signal a cycle top. Market analysts suggest that 558 days post-2024 halving indicate the Bitcoin bull cycle’s top is imminent. Other analysts say BTC price still has room to run, with $180,000 still in the cards. Bitcoin (BTC) price traded 3% lower…
Read more
Watch These BTC Price Levels Next
Key takeaways: The emergence of a bear flag on the daily chart projects a Bitcoin price drop to $88,000. Traders say BTC price may drop as low as $97,500,000 if key support levels are broken. Bitcoin’s (BTC) price is forming a classic bearish pattern in the daily time frame, triggering fears that a breakdown could…
Read more
Bitcoin Valuation Indicator Hints at a ‘Cyclical Bottom’: New Analysis
Key takeaways: Bitcoin’s MVRV ratio dropping below its 365-day average signals a local bottom, historically preceding big price rallies. Capital rotation from gold could fuel the Bitcoin rebound, according to analysts. Bitcoin (BTC) could be poised for a sustained recovery in the coming weeks, as a key valuation metric sends a bullish signal. The BTC…
Read more
Bitcoin Macro Chart Eyes 70% Gains as BTC Price Taps $111K
Key takeaways: Bitcoin surged above $111,000 on Monday, driven by improving macro conditions and a potential US-China trade deal. Technical analysis shows bull flags targeting $186,000-$192,000 BTC price in the weeks ahead. Bitcoin (BTC) rose back above $111,000 at the start of the European trading session on Monday as improving macroeconomic conditions sparked renewed investor…
Read more
Bitcoin Price Shows Signs That $126K Was The Peak
Key takeaways: Market analysts believe the Bitcoin bull run could soon come to an end. BTC price risks a 50% correction to $52,200 if key support levels fail, according to technical analysis. Bitcoin (BTC) fell to $103,500 on Friday, resulting in over $916 million in liquidations of leveraged long positions and dampening sentiment in BTC…
Read more
Bitcoin Slips Below $105,000 as US Banks Come Under Pressure
Key takeaways: US regional bank stress hits markets as auto sector bankruptcies expose risky loans, sending financial stock prices sinking. Bitcoin fell below the 200-day SMA, dropping to $104,500 amid $1.2 billion crypto liquidations. Analysts view $88,000 as the next significant support level for BTC, unless $104,000 holds. Bitcoin (BTC) dropped to $104,000 in a…
Read more