Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over?
Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges. According to recent analysis shared on CryptoQuant’s QuickTake platform, the decline is closely tied to shifting activity on Binance, the world’s largest crypto exchange by volume. The analyst, known by....
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The Bitcoin (BTC) market registered an impressive 4% price bounce on Friday, following dovish policy comments by US Federal Reserve Chairman Jerome Powell. The premier cryptocurrency now trades above $116,000, nullifying earlier losses seen in the past week. Interestingly, prominent market analyst Tony “The Bull” Severino has outlined the implications of this price rebound regarding the BTC price trajectory. Related Reading: Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over? Bitcoin’s Latest Bounce Revives Bullish Momentum – Price Targets To Watch In an X post....
Bitcoin is back in beast mode. After months of chop and doubt, $BTC has flipped the narrative with a powerful V-shaped recovery that has it trading above $103K. Market sentiment has turned sharply bullish, and it’s not just crypto-native voices shouting ‘to the moon.’ Big money is flowing in. Analysts are calling for a $120K […]
A week ago last Thursday, Deribit made newsby introducing call and put options at the $100,000 strike price.
Bitcoin Price Key Highlights. Bitcoin price recently made a strong upside break from a consolidation pattern, indicating that buying pressure is building up and that an uptrend might take place. A bit of hesitation can be seen right now, though, so a correction to the short-term Fib levels might be needed before more bulls come out to play. Bitcoin price could retreat to any of the Fibonacci retracement levels marked on the 1-hour time frame before resuming is climb to the previous highs or beyond. Technical Signals Favor Rallies. Even though a bit of selling pressure could come into play....
Bitcoin has been comfortably cruising in six-figure territory for a while now. And the next big milestone on everyone’s radar is $120K. With fresh rate-cut rumors swirling around the Federal Reserve, the setup for a continued rally is starting to look eerily perfect. Rate cuts have historically pumped risk assets, and Bitcoin loves nothing more […]