Key Highlights: Bitcoin fell 1.7% from a local high of $78,750 as broader geopolitical easing in the Middle East and upcoming US midterm elections prompted market repositioning. Crude oil dropped sharply after US Secretary of State Marco Rubio signaled that President Donald Trump aims to resolve the conflict with Iran peacefully. Analysts warn that BTC/USD ...
Key Highlights: Bitcoin pulled back to around $84,200 early Wednesday, sliding over 2% from Tuesday’s high near $86,500. Despite the minor drop, BTC remains locked within its two-week consolidation channel of $83,000 to $87,000. Market analysts affirm that the ongoing multi-month “stair-step” bullish pattern originating in July remains fully intact. Bitcoin experienced downward pressure early ...
Key Highlights: Large Bitcoin holders have reduced their exchange supply deposits near the lower end of the recent trading range, curbing immediate sell pressure. Trading near $86,200, Bitcoin positions major whale and shark cohorts well into profit relative to their realized cost bases of $62,100 and $67,500. Bitcoin’s Net Unrealized Profit and Loss (NUPL) jumped ...