Key Highlights: Algorithmic trading firm Wintermute warns that repeated tests of $80,000 have turned the price level into a pivotal threshold for Bitcoin. Losing the $80,000 support could expose Bitcoin to downside targets at $76,000 and potentially the $70,000 zone. Upcoming macroeconomic events—notably the Federal Reserve’s rate decision on October 28 and PCE inflation figures ...
Key Highlights: Crypto market maker Wintermute warns that a confirmed break below Bitcoin’s $82,500 support could open a path toward $70,000, while a breakout above $87,000 would signal a broader uptrend. Wintermute identifies the upcoming FOMC meeting, midterm elections, and Q3 corporate earnings reports as potential catalysts that could push Bitcoin out of its current ...
Key Highlights: Large, resting buy orders on the Binance BTC/USDT spot order book were filled as Bitcoin dipped below $80,000, prompting fresh bids to enter the market. On-chain analytics firm Glassnode noted that past stop-loss liquidations in August and September coincided with market bottoms, followed by rebounds toward $80,000 and $85,000. A loss of the ...
Key Highlights: U.S. monthly producer prices saw their steepest increase since March 2022, compounding pressure alongside hot consumer inflation data. Bitcoin briefly dropped below $80,000 in response to the economic reports before recovering back toward $82,000. Technical indicators point to potential retest zones near $78,000, with key exponential moving averages sitting around $76,144 and $78,459. ...
Key Highlights: Bitcoin fell to an intraday low near $81,500 amid broader market declines, sparking over $331 million in crypto liquidations within a 24-hour window. Nearly 89,000 leveraged derivatives traders suffered margin wipeouts, with bullish long positions accounting for approximately 82% of all forced closures. Despite the downturn, Strategy Chairman Michael Saylor announced that the ...
Key Highlights: Market analyst Wedson identifies $82,658 as Bitcoin’s most critical short-term price threshold for sustaining a recovery. Key upward resistance levels to watch are positioned at $91,051 and $99,444. A decline below the $74,264 level would push short-term holders into unrealized losses, potentially triggering elevated market selling pressure. Bitcoin Faces Pivotal Price Thresholds Amid ...
Key Highlights: CryptoQuant analysis indicates Bitcoin’s recent 7.61% drop from $87,027 to $80,404 closely aligns with the 2022–2025 cycle’s average correction of 7.58%. Applying the broader historical bull market average decline of 14.39% places a potential benchmark support level for Bitcoin at around $74,500. Analysts suggest a phased accumulation strategy, recommending gradual purchases near $80,000 ...
Key Highlights Bitcoin faced stiff rejection at the $86,500 resistance level following significant sell orders, dropping 4.5% over the past week to trade at $82,406.58. A major concentration of buy orders near $81,000 represents critical short-term support as buyers attempt to absorb prevailing selling pressure. Institutional momentum shows signs of slowing, highlighted by $409.71 million ...
Key Highlights: Bitcoin’s critical daily support sits between $79,600 and $80,400, anchored by the daily Supertrend at $79,663.52, while resistance looms near $86,500–$87,000. Market metrics reveal severe leverage flushes, with $1.09 billion in total crypto liquidations and 55,600 BTC transferred to exchanges at a loss over a 24-hour period. Macro uncertainties, including potential Federal Reserve ...
Key Highlights: Analyst Kuiper evaluates Bitcoin’s historical four-year cycle, noting that the prior bottom in November 2022 suggests the next cycle trough could occur around November 2026. LD Capital founder Jack Yi warns that Bitcoin’s recent correction could push prices under $79,000, with $75,000 emerging as the next critical support level. Despite the steep decline ...
Key Highlights Bitcoin is currently testing crucial support around the $84,000 to $86,500 cost basis zone, with a breakdown below $83,000 risking a slide toward $80,000. Short-Term Holder (STH) realized profits have surged from $136 million to roughly $1.05 billion on a 7-day average, creating heightened selling pressure. Accumulation and distribution bands have narrowed considerably, ...
Key Highlights Bitcoin has outperformed the S&P 500 on most of the past 30 trading days but suffered a sharper decline during this week’s pullback. Glassnode identifies $85,000–$85,500 as Bitcoin’s key short-term resistance zone and $77,200 as the first significant downside support. Altcoins have outperformed Bitcoin over the past month, although their rally has lost ...