After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term. BTC Price Trading In Ascending Channel Pattern Prominent chartist Aksel Kibar took to the social media platform X to share an interesting layout of the Bitcoin price, suggesting the coin might be on its way down to around $72,500. This highlighted chart shows the formation of an ascending channel on the BTC daily timeframe over the past few months. Related Reading: Key Volume Signals Are Driving XRP Momentum Amid Market Uncertainty For context, an ascending channel is a technical analysis pattern characterized by two major (up
Upbit and Bithumb posted record negative Bitcoin volume on May 19 as Binance stayed green. Days later, STH Market Cap shed $65B. The divergence no one saw coming. Something broke first in Seoul. On May 19, Upbit posted the largest negative Bitcoin spot volume reading in the exchange’s recorded history, negative $9.3 billion in a […]
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Iran accused Washington of retreating on key understandings hours after Trump claimed a deal was "largely negotiated." US-Iran agreement by May 26 collapsed to
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US officials say Iran agreed in principle to dispose of enriched uranium stockpile. Surrender by Dec 31, 2026 at 50.5% YES; full enrichment end at 42.5% YES.
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Bitcoin remains under bearish pressure after failing to sustain momentum above the critical $80K-$82K resistance region. However, recent price action suggests buyers are attempting to defend the important $75K support zone, increasing the probability of a short-term corrective rebound before the broader downtrend resumes. While the market structure still favors sellers, the current positioning near […]
Strategy paused reported bitcoin buying as Saylor said its “BitVac” is charging, highlighting bond-related activity after holdings climbed to 843,738 BTC. The update underscores how debt, preferred stock, and liquidity reserves continue shaping the company’s treasury strategy. Saylor’s ‘BitVac’ Comment Puts BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), shared […]
US official confirms no Iran deal signed today, with talks still progressing. May 24 deal at 6.5% YES, May 25 at 17.5%, May 26 at 25.5%.
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