Bitcoin erased its latest breakout attempt after hitting $74,000 as surprisingly weak labor-market data offered no tailwind to crypto or risk assets.
William Suberg
William Suberg is a staff writer at Cointelegraph, specializing in markets coverage. He has been part of Cointelegraph’s editorial team since October 2013. Suberg began following Bitcoin while completing his master’s degree and has since focused on reporting on cryptocurrency markets and broader industry developments.
- Market Update
Bitcoin price drops to near $68K as US jobs weakness fails to rescue bulls - Markets News
Bitcoin ‘anomalous’ outflow sees 32K BTC leave exchanges in a single day Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy.
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Bitcoin trader sees 'lower soon' as BTC price starts to erase $74K breakout BTC price upside lost momentum after hitting one-month highs as more traders joined bearish predictions for Bitcoin's next move.
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Bitcoin bears ‘annihilated’ as analysis sees $65K support test next Liquidity analysis suggests bulls are in control after Bitcoin’s move to $74,000, though a support retest could take BTC price action nearly $10,000 lower.
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Bitcoin still due ‘next leg down’ as $73K BTC price precedes death cross A new Bitcoin death cross would ensure continuation of the bear market unless a "major bullish catalyst" appears, per new BTC price analysis.
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Bitcoin price nears one-month high as bulls propel BTC toward $72K BTC price upside returned during Wednesday's Asia trading session as Bitcoin attacked a long-term trend line and psychological levels.
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Bitcoin falls 3% in global sell-off as oil fears hit stocks and gold Bitcoin bulls gave up their latest mission to reclaim $70,000 as Iran escalation sparked oil supply fears that gripped stocks and gold.
- Market Update
Bitcoin nears $70K as PMI boost sees BTC price leave Iran woes behind Stronger-than-expected US manufacturing data lifted Bitcoin toward $70,000, even as US stocks struggled amid geopolitical uncertainty.
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‘This is not World War III:’ Five things to know in Bitcoin this week Bitcoin avoided an Iran sell-off to start March, but traders still expected BTC price support to give way in bearish market conditions.
- Market Update
Bitcoin traders eye Iran reactions as oil spike raises US 5% inflation risk Bitcoin avoided a fresh breakdown around major geopolitical events in the Middle East, with BTC price targets now including $74,000 next.
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Bitcoin price drops to $63K as US, Israel launch airstrikes on Iran Bitcoin faced geopolitical instability alone as a weekend move on Iran saw traditional markets closed, with key support still holding.
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Bitcoin threatens new breakdown as US PPI sends gold to 1-month high Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day.
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Bitcoin bear market not over as BTC fails to reclaim $68K trend line Bitcoin price strength failed to reclaim a key support zone with traders still expecting the bear market to match previous cycles.
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Bitcoin daily gains near 5% as analysis eyes bullish ‘rotation’ from gold Bitcoin began an assault below the 200-week exponential moving average in fresh signs of upward BTC price momentum at the start of the US session.
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Bitcoin bounces to $66K as rumors swirl over Jane Street selling algorithm Bitcoin traders had mixed opinions over what caused a BTC price rebound past $66,000 as attention focused on Jane Street selling pressure.
- Market Update
Bitcoin ‘fair value’ gap sets $45K target as AI woes haunt stocks, gold BTC price targets stayed bearish with a zone of interest below $50,000 as macro assets saw increasing downside pressure at the Wall Street open.
- Markets News
Bitcoin ETF sell-off is ‘purification’ of bull case, investor says Bitcoin ETF investors have recorded sustained outflows this year, but EMJ Capital’s Eric Jackson argues a longer-term institutional buyer base could emerge.
- Market Update
Bitcoin traders diverge over BTC price strength with $60K in sight Bitcoin gained both upside and downside targets as the Wall Street open brought fresh BTC selling pressure and tariff reactions began.
- Markets News
Hodlers have ‘given up’ at $65K: Five things to know in Bitcoin this week Bitcoin price weakness to start the week compounds expectations of new BTC macro lows as sentiment matches its most bearish levels ever.
- Markets News
Bitcoin historical price metric sees $122K ‘average return’ over 10 months Bitcoin past performance gave 88% odds of higher prices by early 2027, the latest in a series of new bullish BTC price predictions.
- Market Update
Bitcoin ignores US Supreme Court Trump tariff strike amid talk of $150B refund Bitcoin stayed rangebound within a "downward trajectory" as the Supreme Court concluded that some US trade tariffs were illegal and liable for a refund.
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Bitcoin 'roadmap to bottom' says $58.7K Binance cost basis now crucial New Bitcoin price analysis set out key safety nets for bulls ahead of a potential showdown with Binance traders' aggregate deposit cost basis.
- Market Update
Bitcoin price forecast sees new breakdown as crypto liquidates over $200M Bitcoin fed into “extreme bearish sentiment” as a tight BTC price range fueled daily crypto liquidations of over $200 million.
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Bitcoin 2024 buyers steady BTC price as trader sees $52K ‘next week or so’ Two-year Bitcoin hodlers have “absorbed” seller pressure in recent weeks, according to new research, but most analysts still expect new macro BTC price lows.
- Market Update
Bitcoin price ignores $168M Strategy BTC purchase as Iran tensions escalate BTC price fell below the key $70,000 level as tensions between the US and Iran ramped up and a broad risk-asset sell-off liquidated late BTC long positions.
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Bitcoin weekly RSI echoes mid-2022 bear market as BTC plays liquidity games Bitcoin round-tripped gains after a spike to $70,000 as liquidity traps began to characterize BTC price action on the US bank holiday.
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$75K or bearish ‘regime shift?’ Five things to know in Bitcoin this week Bitcoin market analysis focused on liquidations and the wick to $59,000 for signs of the next significant BTC price move on lower time frames.
- Markets News
Bitcoin most 'undervalued' since March 2023 at $20K, BTC price metric shows Bitcoin onchain analysis eyed a potential end to the BTC price downtrend as its MVRV ratio returned to levels not seen in three years.
- Market Update
Bitcoin passes $69K on slower US CPI print, but Fed rate-cut odds stay low Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a "higher low."
- Market Update
Bitcoin must close week at $68.3K to avoid ‘bearish acceleration’: Analyst Bitcoin may continue to copy its 2022 bear market if bulls fail to reclaim the 200-week exponential moving average by the end of the week, new analysis said.