Tag: Support

Bitcoin hangs at April-line support as macro, on-chain signals diverge

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Bitcoin sits on a key 0.382 Fib support as traders eye the Fed, soft ETF flows and rising on-chain “liveliness,” leaving price vulnerable but primed for a relief bounce. Summary Bitcoin trades at a critical 0.382 Fibonacci support, with a breakdown risking a retest of April lows and higher timeframe structure damage. Fed meeting, jobs and inflation data, plus weak ETF inflows and low volumes, keep upside limited while volatility compression skews near-term risk lower. On-chain “liveliness” and Bitfinex’s seller-exhaustion signal suggest long-term holders are re-engaging, creating conditions for stabilization…

Bitcoin Holds Key Support As Fed Rate Decision Looms

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Bitcoin is currently hovering at a critical technical level that needs to be defended to prevent major losses, according to crypto analyst Daan Crypto Trades. He was referring to the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles.   “I think this is a key area for the bulls to defend,” he said, observing that a break below it could result in a Bitcoin (BTC) fall to April lows around $76,000.  “It’s also pretty much the last major support before testing the…

Strategy CEO Says No Bitcoin Sale till 2065 Despite BTC Losing $90K Support

Key Notes Bitcoin slid under $90,000 after $500M+ of market liquidations, but buyers defended the $89k–$90k area. Strategy CEO said the firm will not sell Bitcoin for “until 2065,” easing short-term narrative risk. Technicals show a cup-and-handle continuation pattern still intact; Bollinger and RSI point to a possible mean-reversion back to $100k. Bitcoin declined below $90,000 on Saturday after more than $500 million of liquidations swept the market on Friday. The forced unwinds amplified weekend volatility, exposing the correlation between thinning liquidity and larger directional moves when U.S. markets close.…

Bitcoin Price Tests $91,000 Support Again with $3.4B in Options Expiry: What’s Next?

Key Notes Bitcoin price needs to break out past $93,200 to invalidate the descending structure since November highs. Weak liquidity and repeated lower highs continue to pressure BTC, while the options market shows balanced sentiment. Analyst Javon Marks remains optimistic, expecting a move toward the $126,230 all-time high. Bitcoin BTC $91 631 24h volatility: 1.9% Market cap: $1.83 T Vol. 24h: $44.39 B price took a dive once again, testing the crucial support as it stares at a $3.4 billion in options expiry on Dec. 5. Although BTC has bounced…

Bitcoin Miners Add $220M to Reserves as BTC Holds $90,000 Support

Key Notes Miner reserves increased from 1,803,633 to 1,806,050 BTC during an 11-day period, representing $220.4 million in accumulation. Reduced circulating supply from miner hoarding tightens order books and makes rapid price breakdowns more difficult for bears. Blockdaemon partners with VerifiedX to bring Bitcoin retail payments mainstream through simplified wallet and social payment applications. Bitcoin BTC $92 066 24h volatility: 1.1% Market cap: $1.84 T Vol. 24h: $71.78 B price formed higher lows at $90,900 before settling at $91,200 at press time on Dec. 4, after failing to breach the…

XRP Coils At Support: Refusal To Drop Hints At Potential Reversal — Here’s Why

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The XRP price action is now showing signs of resilience as it coils tightly around a key support level, fighting against further downside pressure. Despite recent pressure across the broader crypto landscape, XRP has repeatedly held this level. With bearish momentum fading and volatility compressing, it could be preparing for a potential reversal. Support Cluster Shows Strength As XRP Holds Its Ground XRP is reaching a point where it refuses to go any lower. Crypto analyst Henry has noted on X that the token is whispering loudly right now, showing…

Next Key XRP Level Could Be $1.2 If Current Support Fails, Says Analyst

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Solana (SOL) Slips Toward Key Support While Markets Brace for Next Big Move

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Price Hovers at Key Support, Fueling Debate Over Incoming Breakout

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Holds Key Support, Though Reclaiming Upside May Prove Challenging

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Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000. Bitcoin started a fresh decline below the $88,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $85,500 zone. Bitcoin Price Attempts Recovery Bitcoin price failed…