Bitcoin’s crash over the weekend has brought the $60,000 level back into the market conversation, but crypto analyst Merlijn The Trader believes the real opportunity may come at a lower price. Technical analysis comparing the current Bitcoin structure with the 2022 Wyckoff accumulation phase shows that buying the current bounce would be a costly mistake…
Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy,…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand,…
Bitcoin entered June under significant pressure, trading down approximately 11.6% on the week heading into June 8 and struggling to reclaim key momentum levels — caught between crypto-specific deleveraging and a macro environment where oil, real yields, and policy uncertainty are all moving in the wrong direction simultaneously, according to QCP Capital’s latest Market Colour…
Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery…
Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market. However, this recovery seems to only be a stop-gap for now because, according…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
Bitcoin’s bearish structure over the past few weeks has raised clear concerns about the flagship cryptocurrency’s future. Amid these concerns are speculations concerning its trajectory, some of which point to bottoms as low as $25,000. However, an on-chain analyst recently took to the social media platform X to explain why Bitcoin’s fall to $25,000 is…
Bitcoin is facing a pivotal moment after a sharp market-wide selloff dragged prices toward a major support level. As bearish momentum begins to slow and signs of buyer interest emerge, the coming days could reveal whether this zone becomes the foundation for a rebound or the gateway to a deeper correction. Bitcoin Loses Previous Monthly…