Bitcoin price falls under $70K as crypto markets liquidate $800M
Bitcoin fell to fresh two-month lows as BTC price weakness accelerated and analysis targeted its 200-day moving average trend line. Go to Source
Bookmarking Crypto Insights
Auto Added by WPeMatico
Bitcoin fell to fresh two-month lows as BTC price weakness accelerated and analysis targeted its 200-day moving average trend line. Go to Source
Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery. Go to Source
Bitcoin’s sharp volatility decline coincides with a 114-day trading range, setting the stage for a potential 10% to 20% price move, but the direction remains uncertain. Go to Source
Long-term whales have cashed out millions of dollars from Ethereum following the recent sell-off, potentially putting ETH at risk of further losses. Go to Source
Bitcoin price headed below $72,000 on Iran woes as US president Donald Trump told observes to “sit back and relax” with the ceasefire still absent. Go to Source
Bitcoin faced ending May lower by around 3%, with the possibility of US PMI data giving BTC price action a boost next week. Go to Source
Bitcoin’s bounce from a key holder cost-basis level has improved the case for further upside, with historical data pointing to $101,000 as a potential best-case target. Go to Source
Bitcoin dip buyers are present near range lows, and new leveraged longs opened in the zone but the volumes lack the size needed to reverse the downtrend. Go to Source
Over $500 million in Bitcoin bids now sit near $70,000, while options traders and futures positions converge around the same level. Go to Source
Bitcoin saw its lowest levels since the middle of April as BTC price action continued ot diverge from thriving US stock markets. Go to Source