Prior to the news, bitcoin saw several days when buyers began to disappear from the market.
As you can see, the price temporarily dipped below support on high volume and saw a short closing rally which pushed the price back into the TR.
Now, at the time of this article, we are testing the support of the $6,450 range again.
If we fail to hold support, we will undoubtedly test the support of the February low ($6,000).
First, we must see how support holds on the test of the $6,450 and $6,000 levels.
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce.
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle. ” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern.
A recent slowdown in Bitcoin mining activity could be setting the stage for a more constructive phase for the cryptocurrency, according to a new report from asset manager VanEck. The firm said historical patterns suggest that periods of declining mining activity have often preceded positive returns for Bitcoin, even as miners face mounting financial pressure. […]
A declining hash rate may signal a potential Bitcoin price rebound, as historical trends suggest improved performance following such drops.
The post Bitcoin’s hash rate is slipping, and history suggests the bottom may be in: VanEck appeared first on Crypto Briefing.
Bitcoin price has oscillated between a mid-range support level and an upper resistance band below a key overhead level, with multiple attempts to break through either zone failing to produce sustained movement.
Bitcoins $85K level shows strong support, with 976K BTC bought there, making it a key demand zone according to on-chain cost-basis data.
The post Bitcoin cost-basis heatmap shows $85K as strong support zone appeared first on Crypto Briefing.
Trump Media bought 451 Bitcoin bringing total holdings to 11,542 BTC, highlighting its aggressive crypto treasury strategy in 2025.
The post Trump Media’s Bitcoin stash hits 11,542 BTC after $40M purchase appeared first on Crypto Briefing.
BlackRock's endorsement of Bitcoin signals a shift towards mainstream acceptance, potentially influencing global investment strategies.
The post BlackRock calls Bitcoin one of the biggest investment themes of the year appeared first on Crypto Briefing.
Bitcoin price recently climbed above $90,000, hinting at a possible recovery, but there are still concerns that the rally may not last.
The post Bitcoin Price Reclaims $90,000, Is This Dead Cat Bounce? appeared first on Coinspeaker.