Crypto market faces turmoil as Bitcoin, Ethereum, and Dogecoin experience mass liquidations; uncertainty surrounds the Bitcoin Reserve order.
Traders remained cautious amid market volatility, with Bitcoin’s dominance in the U.S. Reserve questioned
However, the downward trend remains intact, with strong resistance near $84,000. The OBV also showed weak buying pressure, indicating cautious sentiment among traders. The RSI at 35.81 indicates oversold conditions, hinting at a potential rebound. However, the MACD remained bearish, with the signal line below the histogram, suggesting continued selling pressure.
The RSI at 30.37 signaled oversold conditions, suggesting a potential bounce. OBV showed declining volume, reflecting weak buying interest.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin’s bull run faces BIG test after fall below $80K— BTC will recover IF…Bitcoin market is at a crossroads: Will the next few weeks confirm the bull run or signal a downturn for the coin?
Read more »
Crypto whale nets $6.8M on 50x BTC & ETH bets pre-Trump ‘Reserve’ postExplore the implications of the Crypto Reserve announcement as a whale's trade coincides with insider trading speculation.
Read more »
Bitcoin faces vital $96K test – Will BTC rally to $103K or fall to $95K?This positioning suggested that Bitcoin was closely tied to these liquidity zones, crucial for potential bullish or bearish shifts.
Read more »
Crypto Market in 'Mid-Bull Pullback' - Is BTC Headed for a Rally?Despite recent price dips following Trump's inauguration, some analysts, including Chris Burniske and Axel Adler, believe the market is experiencing a pullback rather than a cycle top. They point to historical patterns and indicators like the Short-Term Holder (STH) MVRV and STH realized price (RP) to support their projections.
Read more »
Bitcoin ETF activity slows – What it means for BTC’s futureBitcoin ETF inflows decline from +18K to -1K, signaling weaker demand. Can BTC sustain momentum, or is a deeper correction ahead?
Read more »
MicroStrategy’s Bitcoin bet: Plans $2B raise to boost BTC holdings to 500KMicroStrategy's $2B capital raise could tip the firm to expand its BTC holding to 500K BTC. Will it boost BTC recovery?
Read more »