Bitcoin Pops Above $73,000—But The Tape Screams: Selling Pressure Hits Months...
Bitcoin (BTC) regained the $73,000 level on Friday after earlier dipping to $72,500 earlier in the day for the first time since April. While the rebound may look like a quick recovery on the chart, market analyst J.A. Maartun said the bigger story is what the data shows about selling pressure underneath the surface. In […]
Related News
KnCMiner says it has finalized the design of what should be the world's first 20nm bitcoin ASIC miner. The company is still not saying much about the upcoming ASIC or the rollout schedule, it merely states that the 'tape-out' was achieved only three months after starting the project. The actual tape-out happened sometime in February. In electronics, a tape-out is the last stage of the design cycle for an integrated circuit. KnCMiner teamed up with Alchip and Advanced Semiconductors Technology (AST) to design and produce the chip. The company points out that its first generation ASICs were....
Bitcoin has faced strong rejection around the $76,000 resistance zone, signaling that bullish momentum is beginning to fade at higher levels. With selling pressure increasing and key support levels now in focus, the market is entering a critical phase where a breakdown could start to take shape if buyers fail to regain control. Rejection At $74,000–$76,000 Caps Bitcoin’s Momentum Bitcoin faced a firm rejection after pushing into the $74,000–$76,000 resistance zone, highlighting strong selling pressure at the top of the range. The inability to sustain momentum above this region suggests....
Ethereum has reclaimed the $2,000 level after several weeks of volatile price action, offering the market a brief period of relief following sustained selling pressure across the broader crypto sector. The recovery comes as derivatives activity begins to normalize, suggesting that leverage levels may be stabilizing after months of structural shifts in the Ethereum futures […]
Bitcoin is struggling to reclaim higher levels as the market faces its strongest wave of selling pressure in months. After losing key support zones, price action has remained weak, fueling a growing divide among analysts. A large portion of the market now believes Bitcoin has entered the early stages of a bear market, citing weakening […]
Following an extensive price correction in the past three months, the Bitcoin bull market continues to hang in the balance. Despite a modest price rebound in April, the premier cryptocurrency is yet to display a strong intent to resume its bull rally amidst a lack of positive market factors. However, crypto analyst Axel Adler Jr. […]