Bitcoin signals potential breakdown, top analyst says

Bitcoin (BTC) is positioned for further downside as a new Weekly Close below the 200-week moving average signals. BTC rejecting from above $26k would welcome bears to the party as double-confirmation of the breakdown. According to crypto analyst Rekt Capital, the 200-week MA is a robust resistance zone.  As Bitcoin bulls face rejection from above […]

Bitcoin metric signals volatile $40k-$22k move, analyst says

Bitcoin could see a volatile phase within the $40k and $22k price range, James Check, lead on-chain analyst at Glassnode says. BTC’s sell-side risk ratio is approaching an all-time low, with traders on both sides showing exhaustion after recent price action. The flagship crypto traded at $26,400 on Wednesday, about 3% down in the past […]