The post Bitcoin support breakdown: $75,000-$76,000 fails, $60,000 risk appeared on BitcoinEthereumNews.com.
Bitcoin’s latest slide has turned a routine pullback into a sharper market-structure story. The Bitcoin support breakdown below the long-watched $75,000 to $76,000 zone has traders rethinking where the floor really is, with BTC trading around $75,800 after briefly falling under $75,000 for the first time since late April 2026. That move matters because this was not just another red candle. Instead, a key technical area gave way, and once it did, downside targets that had sounded aggressive started to look more realistic. Now the market is split between two competing views. One sees a path back to $60,000 if Bitcoin fails to recover quickly. The other argues that strong holder behavior and cycle data still point to resilience beneath the surface. Bitcoin support breakdown turns a key zone into resistance The immediate shift in tone came after Bitcoin broke below the $75,000-$76,0
The price of Bitcoin seemed set for another round of pain over the weekend after falling below the psychological $75,000 level on Saturday morning. However, the premier cryptocurrency has somewhat recovered and is looking to reclaim $77,000 as of this writing. At the same time, an increase in the supply of Bitcoin’s long-term investors was also observed on the day, although the signal might not be what it seems. Here’s Why BTC LTH Supply Data Is Skewed In a recent post on the X platform, pseudonymous analyst Darkfost revealed a surge in the Bitcoin supply held by long-term holders (LTH) over the past few days. However, this supposed rise in LTH activity might not be as relevant to BTC’s growth as the data would ordinarily suggest. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder Highlighting data from CryptoQuant, Darkfost shared that the long-term holder supply has increased from 15 million to 15.8 million BTC over the past two days. The o
Hyperliquid's rapid volume surge highlights the growing influence of prediction markets, potentially reshaping trading dynamics and regulatory focus.
The post Hyperliquid matches Polymarket’s BTC binary volume in 2 weeks appeared first on Crypto Briefing.
XRP is in a compression phase, and technical analysis indicates that the price action may be approaching a point where patience turns into panic before direction finally becomes clear. XRP’s chart setup is filled with uncertainty, but there’s one critical support level that could decide XRP’s next move and another price level it needs to overcome for bullish confirmation. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder XRP’s Descending Broadening Wedge Pattern XRP’s price action has been on a downward path of lower highs since the beginning of the year, and this extends to a correction since its July 2025 peak at $3.65. This price action, according to technical analysis done by popular crypto analyst Egrag Crypto, has led to the formation of a descending broadening wedge on XRP’s higher-timeframe chart. A descending broadening wedge pattern often appears during late-stage accumulation phases, with expanding volatility constrained within d
The post Mark Cuban’s Surprising Bitcoin Sell-off Sparks Market Debate appeared on BitcoinEthereumNews.com.
Mark Cuban’s unexpected decision to sell the majority of his Bitcoin holdings has sent ripples through the cryptocurrency market. The billionaire entrepreneur revealed that he liquidated 80% of his Bitcoin stash due to its failure to act as a safeguard during recent geopolitical tensions. Continue Reading:Mark Cuban’s Surprising Bitcoin Sell-off Sparks Market Debate Source: https://en.bitcoinhaber.net/mark-cubans-surprising-bitcoin-sell-off-sparks-market-debate
The post Bitcoin Rainbow chart predicts BTC price for June 1, 2026 appeared on BitcoinEthereumNews.com.
The Bitcoin (BTC) Rainbow Chart is signaling that the cryptocurrency could trade within a broad range of approximately $59,000 to nearly $492,000 by June 1, 2026, depending on market sentiment and the stage of the current market cycle. With Bitcoin trading around $77,000, the cryptocurrency currently sits within the chart’s ‘BUY!’ zone, suggesting the model still considers BTC relatively undervalued compared to its long-term historical trajectory. Bitcoin seven-day price chart. Source: Finbold Overall, based on the Rainbow Chart bands, Bitcoin’s most immediate upside target for June 1, 2026, would be around $79,670 if it remains within the same valuation range. However, if bullish momentum accelerates throughout the cycle, the model suggests BTC could climb into progressively higher bands beyond $100,000 and potentially toward the upper six-figure range. According to the chart data,
The post Bitcoin’s Uphill Battle Against Price Slump appeared on BitcoinEthereumNews.com.
Bitcoin‘s journey took an unexpected turn as it slipped below the critical support range of $75,000 to $76,000, following a market correction last Friday. The cryptocurrency’s price settled around $76,600 as the weekend commenced, leading to growing concerns among investors about a potential downturn to the $60,000 region if recovery paths remain elusive. Continue Reading:Bitcoin’s Uphill Battle Against Price Slump Source: https://en.bitcoinhaber.net/bitcoins-uphill-battle-against-price-slump
