Bitcoin analysis warned the $69,000 mark may end up as long-term resistance again, thanks to its significance in BTC price history. Bitcoin (BTC) hit new week-to-date lows on Wednesday as $66,500 came into focus. Key points: Bitcoin is trading in a key historical zone, but buyer pressure is too weak to break resistance. Analysis sees…
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Bitcoin (BTC) begins its second week of February, licking its wounds as traders remain bearish on BTC. Market forecasts agree that Bitcoin price action has not yet put in a reliable long-term bottom. CPI week comes as markets lose faith in Fed rate cuts in March. US dollar strength begins to fade as analysts eye…
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Bitcoin (BTC) gained up to 3% Sunday, but some traders refused to believe that the BTC price crash was over. Key points: Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market continues to repeat. Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus.…
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Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next. Key points: Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come. Analysis says that the rebound into the weekend was nothing more than a “relief rally.” Two CME futures gaps provide potential…
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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…
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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…
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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.…
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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…
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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…
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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…
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