Tag: Support

Bitcoin Bulls Defend $80,500 Support, Driving 7% Weekly Surge to $1.63 Trillion Cap

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Key Takeaways: Bitcoin hit $81,714 on May 5 as the Trump administration worked to de-escalate Middle East tensions. The rally triggered $202 million in short liquidations, pushing the crypto market cap to $2.77 trillion. While the Strait of Hormuz remains a concern, President Trump’s ceasefire is expected to stabilize oil. Geopolitical Influence After breaching $81,000 for the first time in months early May 5, buoyed by the Trump administration’s downplaying of Monday skirmishes in the Strait of Hormuz, bitcoin briefly retreated before establishing support just above $80,500. However, the sell-off…

Flipping $80K To Support Requires A Rally Through Holders’ Cost-basis

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Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders’ cost basis of $81,486, the next dynamic resistance level. For the rally to continue, a daily close above this level is key to securing $80,000 as support.  A rally to $81,500 may lock in the trend Bitcoin’s rally to $80,000 places the price directly under the short-term holder’s realized price of $81,486. This metric reflects the average cost…

Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown

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Bitcoin is holding a critical position as it attempts to stabilize above a key moving average while facing persistent resistance near $78,000. The recent reclaim of the 21-week EMA signals potential strength, but repeated rejections overhead continue to test bullish momentum. With price caught between strong support and a stubborn ceiling, the next move could be decisive in shaping BTC’s short-term trend.   BTC Secures Marginal Weekly Close Above 21-Week EMA Crypto analyst Rekt Capital shared in a recent update that Bitcoin has achieved a marginal weekly close above its 21-week…

Bitcoin Rejected At Key Cost Basis Zone—Is $68,000 The Next Support?

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On-chain analytics firm Glassnode has highlighted how the latest Bitcoin rejection came inside a zone containing some historically important cost basis levels. Bitcoin Could Find Support At -1 SD Of The STH Realized Price Next In its latest weekly report, Glassnode has talked about a key cost basis zone that Bitcoin retested recently. The region in question involves two major on-chain metrics: the Short-Term Holder Cost Basis and True Market Mean. The first of these, the Short-Term Holder Cost Basis, measures the average acquisition price of the short-term holders (STHs),…

Bitcoin Cost Basis Cluster Forms Near $75K Support

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Bitcoin (BTC) is trading at $76,350, which is above several key investors’ cost-basis levels. The one-to-three-month holder average sits at $75,620, placing a large share of recent buyers near breakeven, while the price sits just below the US spot exchange-traded fund (ETF) cost basis of $76,700.  The short-term holder (STH) cost basis and the adjusted realized price extend on either side of this range, increasing the importance of the $75,000 level as a near-term support pivot.  BTC cost basis cluster tightens near $75,000 The one-to three-month holder cohorts share an…

Peter Brandt Puts XRP Bulls on Alert With New Support Chart

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Veteran trader Peter Brandt has shared a weekly chart and asked traders how deep they think XRP could fall into support. The post matters because Brandt’s chart frames XRP not as a clean momentum breakout, but as a market still trying to prove that its late-2024 range expansion can hold as support. Brandt, posting from @PeterLBrandt account on X, addressed the XRP crowd directly. “Attention all Ripplettes,” he wrote. “How deep into support do you Ripplettes think price could go? XRP. See chart.” XRP weekly chart | Source: X @PeterLBrandt…

MARA Forms Foundation to Support Bitcoin Network, Adoption

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Bitcoin miner MARA Holdings launched the MARA Foundation on Monday to support the health of the Bitcoin network and the communities that rely on it as a tool for financial sovereignty. The MARA Foundation said it plans to implement measures to “harden Bitcoin against security threats,” including quantum computing, while also expanding access to self-custodial Bitcoin (BTC) and offering a range of educational resources, MARA said after announcing the new foundation at the Bitcoin 2026 conference in Las Vegas on Monday. It also plans to support the “development of a…

Crypto PAC Fellowship Halts Support of Texas AG for Senate: Report

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The Fellowship political action committee (PAC), which launched claiming to have more than $100 million from crypto-aligned backers, has reportedly backed out of an advertising deal to support Texas Attorney General Ken Paxton in a crucial US Senate race. According to a Thursday report from Axios, Republican leaders contacted US Commerce Secretary Howard Lutnick on his connections to Fellowship, which has been partially funded by Cantor Fitzgerald. Lutnick, as the former president and CEO and whose sons are now in charge of the financial services company, reportedly faced questioning from…

Bitcoin and Risk Assets Halt Their Surge With BTC Support at Risk

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Bitcoin (BTC) stayed glued to $78,000 on Friday with markets “awaiting clarity” from the US-Iran war. Key points: Bitcoin stalls in its bid to recapture $80,000, as US stocks tread water. Strong earnings are needed to sustain the equities push, says analysis. BTC price support is at risk of giving way next. Bitcoin joins risk assets “chopping sideways” Data from TradingView tracked flat BTC price action into the week’s last Wall Street trading session.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView Amid a lack of fresh geopolitical cues, risk-asset catalysts presented a…

Bitcoin Bulls Fight For Bull Market Support Band Into Weekly Close

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Bitcoin (BTC) slipped from near three-month highs on Thursday as attention turned to the weekly close. Key points: Bitcoin retraces after its latest trip to its highest levels in several months. The upcoming weekly candle close is of particular interest as price eyes its bull market support band. A macro lull comes ahead of a deluge of US inflation data next week. Bitcoin bull market support band returns after six months Data from TradingView showed BTC/USD dropping to $77,200 prior to the Wall Street open. The pair hit $79,500 the…