Bitcoin price falls under $71K as US-Iran war tensions spark sell-off
Bitcoin (BTC) fell 3% to trade below $71,000 into Sunday’s weekly close after negotiations to end the US-Iran war broke down. Key points: Bitcoin shed its gains as negotiations between the US and Iran broke down. The Strait of Hormuz becomes a flashpoint again as US President Donald Trump demanded that it be reopened. BTC
Bitcoin price analysis sees new short squeeze as open interest nears $25B
Bitcoin (BTC) is due a classic “short squeeze” as open interest hits five-week highs, says new analysis. Key points: Bitcoin is seeing a combination of rising open interest and negative funding rates. The result could punish short positions, with funding rates at the most negative since early February. Large-scale Bitcoin speculators are net long BTC
New Bitcoin price lows ‘matter of time’ says trader with BTC stuck at $67K
Bitcoin (BTC) circled $67,000 on Sunday as traders warned of hidden BTC price weakness. Key points: Bitcoin Bollinger Bands demand a volatile BTC price breakout after a slow weekend. A trader predicts a move lower thanks to weak support and exposed downside wicks. Sideways price action comes as sellers step up into the end of
Bitcoin drops 10% to threaten new retest of ‘unreliable’ BTC price support
Bitcoin (BTC) price support could “fail” by the weekly close in a major blow to Bitcoin bulls, analysis warns. Key points: BTC price downside versus local highs at $76,000 nears 10%. Bitcoin brings its 200-week trend line back into focus, but little hope remains that it will rescue price. A trader warns of “months” of
Bitcoin preps fresh trend line showdown as weekly close sparks $60K target
Bitcoin (BTC) threatened to cement new resistance into Sunday’s weekly close as traders focused on oil and gold. Key points: Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week. Price remains unable to flip the key trend line back to support as breakouts fail. Oil and gold are seen as the
Did BTC’s Santa rally start at $89K? 5 things to know in Bitcoin this week
Bitcoin (BTC) started the second week of December above $90,000 as “Santa rally” talk began. BTC price action focuses on a key resistance area in the low $90,000 region, but traders still see another dip coming. Federal interest-rate decision week hangs over risk assets despite broad consensus that a cut will result. The Fed decision
Bitcoin price dips below 88K as analysis blames FOMC nerves
Bitcoin (BTC) fell below $88,000 into Sunday’s weekly close as traders eyed weakness into a major US macro event. Key points: Bitcoin sees snap volatility into the weekly close, dipping close to $87,000. Traders expect weaker BTC price action into the Fed interest-rate decision. Bulls need to keep hold of $86,000, says analysis. BTC price
Bitcoin profit metric eyes 2-year lows in ‘complete reset:’ BTC analysis
Bitcoin long-term holders lost interest in selling at $90,000, new research showed, as profitability of their BTC supply dried up. Bitcoin (BTC) has seen a “complete reset” of sell pressure after dropping below $90,000, says new research. Key points: Bitcoin long-term holders have reset their selling habits as BTC price action returns below $90,000. A
Can Bitcoin bulls avoid the cycle’s fourth ‘death cross’ at $102K?
Key points: Bitcoin faces an important weekly close with several key price levels on the line. The bull market’s future is still at stake, a trader says, amid ongoing whale selling. Risk assets should gain from a reduction in US trade tariffs or the end of the government shutdown. Bitcoin (BTC) wedged itself in a
Bitcoin price taps $116K as analysis weighs odds of CME gap fill
Bitcoin fluctuated wildly at the Wall Street open, with bulls pushing the price to $116,000 as opinions diverged over the next move in BTC. Key points: Bitcoin reaches $116,000 again as volatility ramps up into the US trading session. Traders diverge on short-term BTC price action, with targets including $117,000 before Wednesday’s Federal Reserve interest-rates