Bitcoin (BTC) heads into another heavy macro week with bulls hoping that the $100,000 support retest is done. BTC price action offers some hope at the weekly close, with predictions of a return to all-time highs intact. Liquidity grabs remain a focus, and could compound a deeper correction if $100,000 fails. CPI and PPI are…
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Key points: Bitcoin is working on completing a “successful” support retest as trader bets increase prior to the weekly candle close. BTC price volatility is expected as liquidity analysis shows that conditions favor a significant short squeeze. $100,000 still remains a likely target in the event of a fresh price dip. Bitcoin (BTC) held $105,500…
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Key points: Bitcoin (BTC) passed $104,000 at the June 6 Wall Street open as strong US labor market data contrasted with fresh calls for interest-rate cuts. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin edges higher as Trump moves to Fed Data from Cointelegraph Markets Pro and TradingView showed BTC/USD up 2.5% on the day. Having recovered…
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Key points: Bitcoin is in line for lower lows amid falling RSI and a retest of $100,000. Traders have little hope of a quick BTC price rebound and return to higher levels as Trump and Musk stoke uncertainty. US labor market data is due to inject fresh volatility on June 6. Bitcoin (BTC) returned to…
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Key points: A historically accurate Bitcoin price metric is flashing green for the third time this year. Miners’ BTC sales have slowed since the start of the year compared to 2024. Profit-taking, while a popular move around all-time highs, is less “euphoric” than previous price cycles. Bitcoin (BTC) continues to see “buy the dip” signals…
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Key points: Bitcoin trades between increasingly thick bands of liquidity as traders await a breakout. Above current spot price lies a particularly important area for bulls when it comes to new all-time highs, analysis says. Macroeconomic conditions are not yet providing an impetus for risk-asset volatility. Bitcoin (BTC) continued to target liquidity into the June…
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Key points: Bitcoin is approaching its bull market top, and not even corporate buyers might survive the comedown, Saifedean Ammous warns. BTC price action is still capable of an 80% drawdown, says the author of “The Bitcoin Standard.” Bitcoin OGs are increasingly warning about the potential lack of attention given to bear markets. Bitcoin (BTC)…
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Key points: Bitcoin seeks to take liquidity around $106,000 as traders hope for a sustained price recovery. Significant support is in place down to $97,000, boosting the odds of price holding. Profit-taking is underway but lacks the intensity of classic cycle tops, research says. Bitcoin (BTC) retargeted $106,000 after the June 3 Wall Street open…
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Key points: Bitcoin stays near its old all-time highs from late 2024 as US stocks digest increased tensions in Europe. Traders shrug off market nerves after BTC/USD drops 8% versus its latest record of $112,000. June may end up flat without another market catalyst. Bitcoin (BTC) sought a retest of 2024 highs at the June…
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Bitcoin (BTC) starts June with BTC price action in a dangerous place. Can buyers preserve key bull market support levels? Bitcoin traders are gearing up for fresh volatility as the highest-ever monthly close contrasts with increasing bets of a $100,000 retest. Labor market weakness and Fed policy are back under the microscope as inflation diverges…
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