Bitcoin recently bounced back from a low of $76,606 but struggled to stay above $84,500. Analysts suggest that Bitcoin is undergoing a macro correction in a bull Market, with potential support levels around $71,000-$72,000. Short-term holders who bought near January’s peak are contributing to the recent sell-off. Meanwhile, the U.S. Dollar Index has dropped, which ...
Bitcoin recently experienced a sharp decline after briefly surpassing the $100,000 mark, dropping to around $92,500 in just three days. This has raised concerns among investors about the sustainability of its gains. Interestingly, despite the price drop, data shows more Bitcoin is being taken off exchanges than deposited, indicating long-term accumulation by investors. As Bitcoin’s ...
Bitcoin’s price has rebounded to $97,000 after dropping to $90,500 following a peak of $104,088. Ethereum is showing strong movement above $3,454, with the potential to reach $4,000 soon. In contrast, Ripple experienced a rise over the week but faced rejection at $3, suggesting it may continue to decline. Currently, Bitcoin and Ethereum display signs ...
