Category: Cryptocurrency News

Bitcoin price started a recovery wave from the $85,000 zone. BTC is back above $87,500 and might struggle to clear the $92,000 resistance zone. Bitcoin started a fresh upward move from the $85,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $89,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to clear the $92,000 resistance zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline below the $90,000 level. BTC traded below the $88,000 and $87,000 support levels. Finally, the price tested the $85,000 support zone. A low was formed at $84,665 and the price recently started a recovery wave. There was a move above the $86,000 and $87,000 resistance levels. The bulls pushed the price toward the 50% Fib retracement level of the downward move from the $92,741 swing high to the $84,665 low. Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $88,700 level. The first key resistance is near the $90,000 level. There is also a short-term contracting triangle forming with resistance at $89,650 on the hourly chart of the BTC/USD pair. It is close to the 61.8% Fib retracement level of the downward move from the $92,741 swing high to the $84,665 low. The next key resistance could be $92,000. A close above the $92,000 resistance might send the price further higher. In the stated case, the price could rise and test the $93,500 resistance level. Any more gains might send the price toward the $95,000 level or even $96,200. Another Decline In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,200 level. The next support is now near the $85,000 zone. Any more losses might send the price toward the $82,000 support in the near term. The main support sits at $80,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $87,000, followed by $85,000. Major Resistance Levels – $90,000 and $92,000.

Trump’s policies are undermining the U.S. dollar’s role as the world’s reserve currency, a financial expert warns, as global markets and major economies seek alternatives. Trump’s Policies Fuel Global Shift Away From US Dollar U.S. President Donald Trump’s policies are accelerating a global shift away from the dollar, warns Nigel Green, CEO of financial advisory […]

Douro Labs CEO Mike Cahill tells Cointelegraph that if the crypto markets stabilize, Ether is well-positioned to benefit from renewed liquidity and continued institutional interest.

Douro Labs CEO Mike Cahill tells Cointelegraph that if the crypto markets stabilize, Ether is well-positioned to benefit from renewed liquidity and continued institutional interest.

Douro Labs CEO Mike Cahill tells Cointelegraph that if the crypto markets stabilize, Ether is well-positioned to benefit from renewed liquidity and continued institutional interest.

I've been saying here in this sub since 2021 that the Bitcoin Law was going to fail, since salvadorans lack the tech knowledge to use cryptocurrencies. Not only that, cash was/is king my country. Even people cannot use an ATM, let alone a crypto wallet. Nayib Bukele's crypto dreams failed misserably. You gotta remember that…
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Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin is trading at $90,156, marking a 0.6% decrease over the past 24 hours. Related Reading: Short-Term Holders Dominate as Bitcoin Rebounds—What’s Next? Short-Term Holder Trends and Potential Market Consolidation Yonsei Dent, a contributor to CryptoQuant’s QuickTake platform, pointed out earlier today a tightening trend in short-term holder (STH) realized price levels, suggesting a potential shift in market conditions. The analyst noted that this development, alongside key moving averages, could indicate a period of market consolidation unless a strong demand catalyst emerges. According to Yonsei Dent, the convergence of Short-Term Holder Realized Price levels suggests that the average entry price of recent Bitcoin buyers is becoming more uniform. Historically, such conditions have signaled either reduced volatility or a lack of clear price direction, leading to a phase of consolidation. Additionally, Dent noted that the 60-day and 200-day moving averages are also tightening, mirroring a similar trend observed in May 2024, which resulted in a period of low volatility and minimal price movement. A major factor influencing Bitcoin’s market outlook is regulatory developments, particularly the Trump administration’s stance on cryptocurrency policies. Dent highlighted that the upcoming cryptocurrency summit, scheduled for tomorrow, could introduce key regulatory discussions that may influence Bitcoin’s price action. The CryptoQuant analyst wrote: All eyes are on tomorrow’s cryptocurrency summit, where key regulatory discussions are expected. Should a bullish policy outlook emerge, it could inject fresh momentum into the market and break this tightening price structure. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 Technical Indicators And Future Outlook On Bitcoin From a technical perspective, some analysts remain optimistic about Bitcoin’s long-term trajectory. Crypto analyst Ali has pointed out that candlestick wicks on the Bitcoin weekly chart indicate strong buying pressure, suggesting that buyers are actively defending key support levels. This observation aligns with previous market trends where similar patterns led to subsequent upward movements. Ali also referenced the Pi Cycle Top indicator, which suggests that if Bitcoin reclaims the $97,000 level, it could gain momentum for a potential move toward $150,000. If #Bitcoin $BTC reclaims $97,000, it could gain momentum for a move toward $150,000, according to the Pi Cycle Top indicator! pic.twitter.com/yok308t4Jy — Ali (@ali_charts) March 6, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin and all the major cryptocurrencies plummeted following Donald Trump’s bitcoin reserve executive order, with BTC hitting an intraday low of $84,713 amid a broader market sell-off. Bitcoin Slides Following Trump Announcement Bitcoin nosedived to $84,713 Wednesday, erasing gains from its recent $90,000 peak, as traders reacted sharply to former President Donald Trump’s Bitcoin Reserve […]

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