Despite GBTC's significant outflows and concerns about market absorption, Bitcoin manages to maintain support at $40,000. The market remains uncertain, with conflicting forecasts from analysts and traders.
SanyaBitcoin tests resistance at $49,000, but a downturn breaches key supports at $45,000, signaling a short-term bearish trend. Critical resistance lies at $43,250, while downside risks persist below $41,500. Traders closely monitor these levels for market direction.
EdmundAt 8 o'clock last night, BTC, which had been breaking away from the 45k sideways position since 6 o'clock in the evening, reached the fastest acceleration of its downward decline. In just 2 hours, it went from 45k pins to nearly 40k.
JinseFinanceA sharp fall in the cryptocurrency's price in May and June appears to have coincided with the increase in wallet addresses holding more than one Bitcoin.
CointelegraphIt's been a dark week for macro markets, and the weekend managed to provide some respite for crypto traders.
CointelegraphIncoming CPI data is set to shock markets, while Bitcoin traders are eyeing the event as a potential “short-term bounce” catalyst.
Cointelegraph$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.
CointelegraphWith little comfort on the daily chart, analysts once more zoom out to explain the lack of momentum on the market.
CointelegraphThe majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests.
CointelegraphThe latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe.
Cointelegraph