Bitcoin Faces Critical Breakout Attempt at $91K After 15% Drop
A line in the sand is drawn at $84,000, as Bitcoin-to-dollar value after a 15% drop targets a break along the downtrend line to at least $91,000.
A line in the sand is drawn at $84,000, as Bitcoin-to-dollar value after a 15% drop targets a break along the downtrend line to at least $91,000.
The recent market sale offerings gained some momentum towards $78K due to weak demand and liquidity issues, causing losses to recent buyers selling Bitcoin.
Bitcoin's trendline holds strong, but low trading volume raises doubts as BTC eyes $100K while weak momentum threatens sustainability.
Bitcoin’s 2025 cycle follows past trends, with a breakout and critical retest. Analysts suggest another surge if key support remains intact.
Bitcoin remains under $90K as bearish momentum builds, with analysts targeting $74K–$70K and short positions reinforcing the downtrend.
Bitwise CIO Matt Hougan predicts Bitcoin's market cap could reach $50 trillion, with a US Bitcoin Strategic Reserve signaling strong institutional interest.
Bitcoin holds strong above critical trendline support, forming an ascending triangle. A breakout above $83,000 could spark an 8% rally.
Bitcoin hovers near $81,785 as traders eye the unfilled CME gap at $86,781. Price action remains critical for future market direction
CryptoQuant data shows Bitcoin whales accumulated over 65,000 BTC in 30 days as the price dips below $80K amid high demand.
Bitcoin's price is currently under $86,000 and below the 200-day moving average, with the Mayer Multiple showing key support restoring growth at $66,000.
Bitcoin whales have purchased almost 22k BTC in a span of 72 hours as prices are inching towards $98k, leaving traders wondering whether it was the site of a breakthrough or a reverse catch.
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