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Bitcoin’s battle around the $60K region is entering a decisive phase after sellers are forcing a breakdown below this major support area. With momentum still favoring the sellers, traders are now watching whether demand can prevent a deeper correction toward the mid-$50K region. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC has […]
Bitcoin remains relatively volatile over the past 24 hours as bulls are trying to reclaim $60K. Broader markets reacted positively to renewed diplomacy efforts between the US and Iran.
BTC kissed $58,800 and bounced. The daily chart is deep in bear territory, and prediction markets are betting on further pain before a rebound.
After yielding to heavy selling pressure and losing several key support levels over the past few weeks, Bitcoin is now holding at a key support level. The broader market structure continues to favor the sellers, but the market’s reaction to the $60k critical demand zone could determine the next major move. Bitcoin Price Analysis: The […]
CryptoQuant says 550k BTC moved to Binance and OKX deposit addresses as Bitcoin retested $60k, raising sell-side pressure concerns for June.
While tensions in the Middle East boil over and erupt and the U.S. stock market wavers, Bitcoin is holding at $60K. Nevertheless, $BTC did close below this level in the weekly time frame. Is this a signal that the price is weakening and is about to go lower, or can the bulls still pull off a rally?
Bitcoin trades near $60K as Strategy fears, Middle East tension, and on-chain reset signals leave traders watching $58K and $66K levels.
Bitcoin remains under pressure despite another strong reaction from the $58K to $60K demand zone. Although buyers once again stepped in after sweeping the recent lows, the recovery has so far been limited, with the price continuing to trade below key resistance levels. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin continues […]
After falling below the 200-day Simple Moving Average, the $BTC price is on the brink of collapse. However, the $60K horizontal support level is holding for now. Will a collapse down to the low $50K level be next, or is Bitcoin grinding out a bottom with plenty of sideways choppiness to come?
