Bitcoin is currently testing a price level that could make or break the entire bull market, $88,000, the 100-week simple moving average that once stood as unbreakable resistance in 2022 before flipping to support and igniting the 2023 rally from $16,000 to $126,000. After a sharp 26% drop from $109,000 driven by liquidity fears and …
Bitcoin’s latest pullback has become the deepest correction of the entire bull cycle, and sentiment just hit rock-bottom panic levels. BTC $92,093 suffered a 26.7% drawdown on Monday, surpassing April’s 26.5% decline and officially becoming the most severe correction of the current market cycle. Multiple indicators are flashing red, yet the overwhelming fear may be …
Bitcoin futures traders refuse to capitulate even as BTC price plunged to $89K. Bitcoin derivatives remain unfazed despite BTC dropping to $89,000. Is this quiet strength in the futures market an early sign that traders are betting on a bounce? Key Takeaways • BTC derivatives metrics reveal traders are being careful, but nothing points to …
