Bitcoin HODLer Pain Surpasses FTX Crash Levels As BTC Drawdown Deepens

Bitcoin price started a fresh decline below the $65,000 zone. BTC is showing bearish signs and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $65,500 and extended losses. The price is trading below $64,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $63,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $65,000 and $65,500 levels. Bitcoin Price Extends Losses Bitcoin price failed to stay above the $66,500 support zone. BTC remained in a bearish zone and extended losses below the $65,000 level. There was a move below the $64,000 level. The price even dipped below $62,500. A low was formed at $61,255 and the price is still showing many bearish signs. It is below the 23.6% Fib retracement level of the downward move from the $74,070 swing high to the $61,255 low. Bitcoin is now trading below $64,000 and the 100 hourly simple movin

Strive's unique funding strategy and aggressive Bitcoin accumulation could redefine corporate treasury management and influence market valuations. The post The Benchmark Company initiates buy rating on Strive with $32 price target, sees nearly 100% upside appeared first on Crypto Briefing.

Bitcoin has reached Peter Brandt’s February downside target, but the veteran trader says BTC could still move lower before forming a tradable bottom. In an earlier outlook, he projected a potential $300,000 to $500,000 bitcoin peak in 2029. Peter Brandt Says Bitcoin May Not Find a Tradable Low Until October Bitcoin’s latest drop has returned […]

Bitcoin (BTC) has crashed below $70,000, underperforming the already weak crypto market as selling pressure tests price action. Market analyst Crypto Patel noted that he had anticipated this significant drop, citing BTC’s fragile price structure and persistent bearish factors in recent weeks. Now, the expert is sharing new insights on the latest price decline, forecasting how far the ongoing correction might go and what could come next for the leading cryptocurrency. Analyst Predicts More Declines Ahead For Bitcoin Crypto market analyst Crypto Patel on X is predicting further declines for Bitcoin, identifying $50,000 as a potential bottom for this cycle. In what he called a “Bitcoin Profit Update,” Patel highlighted that he had accurately forecasted the recent 19% crash in Bitcoin in his earlier posts. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Previously, the analyst had warned that Bitcoin’s previous $80,000 level represented strong resistance,

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Bitcoin developer Peter Todd has pushed back against calls to bring Zcash-style privacy into Bitcoin’s consensus layer, arguing that the cryptographic risk profile is too high for the network’s base protocol. The debate erupted after ZODL developers disclosed an issue affecting the Orchard shielded pool, briefly turning a technical incident into a broader argument over […]

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