Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. BTC price action is due “mean reversion” as a result. Analysis describes a “macro-driven” Bitcoin bear market now in progress. Bitcoin sees one of its…
Read more
Bitcoin (BTC) liquidated billions of dollars going into Friday as BTC price action set bearish records. Key points: Bitcoin liquidates $2.6 billion as it sees its first red $10,000 daily candle ever. BTC price action dives further in percentage terms than on any day since the 2022 bear market. It may take until 2028 for…
Read more
Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over. Key points: Bitcoin tumbles below 2021 highs for the first time since November 2024. Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play. Market participants believe that large entities are selling BTC on a schedule.…
Read more
Bitcoin fell to its lowest levels since November 2024 after beating its previous bottom, with $70,000 BTC price support and under coming into focus. Bitcoin (BTC) saw a second dip below $73,000 after Wednesday’s Wall Street open as US sellers returned. Key points: Bitcoin falls further into territory not seen since late 2024, dropping under…
Read more
Bitcoin (BTC) traders see its ultimate support trendline coming into play as part of a new macro BTC price bottom. Key points: Bitcoin is nearing a long-term trendline retest for the first time since late 2023. Weekly moving averages are on the radar as a BTC price safety net should the market fall again. Market…
Read more
Bitcoin (BTC) returned to range-bound moves on Tuesday as gold returned near the key $5,000 mark. Key points: Bitcoin trades sideways as gold and silver attempt to reclaim prior losses. Analysis remains split over how the Bitcoin versus gold relationship will play out next. Bitwise CIO says that the latest “crypto winter” is closer to…
Read more
Bitcoin (BTC) is set to gain from new macro tailwinds as US macro data sets up a “reflation” trade. Key points: US ISM PMI data for January breaks a full year of contraction during 2025. Reactions disagree over the impact on BTC price action despite the previous PMI correlation. A hidden bearish divergence between PMI…
Read more
Bitcoin (BTC) fought to avoid a fresh price dive at Monday’s Wall Street open as traders increasingly gave up on the bull market. Key points: Many Bitcoin market commentators no longer see the return of the bull market. BTC price action sees four consecutive red monthly candles for the third time in history. Gold cooling…
Read more
Bitcoin (BTC) started the first week of February near 16-month lows as traders see further downside next. BTC price weakness compounds after a grim weekend, with BTC/USD reaching levels not seen since November 2024. RSI values form the main basis for expecting a market rebound. Macro shifts begin to materialize as analysis warns that Bitcoin…
Read more
Bitcoin (BTC) gained sub-$50,000 ahead of Sunday’s weekly close as bulls failed to recover from ten-month lows. Key points: BTC price targets stay bearish as Bitcoin bulls lick their wounds at ten-month lows. CME futures gaps may provide some temporary relief into the new week. Bitcoin is still following the path from earlier bear markets…
Read more