Bitcoin price corrected gains and tested the $66,500 support. BTC is now struggling and might decline further below the $65,000 zone. Bitcoin is struggling to recover losses and moving lower below $67,500.
Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term. Bitcoin is slowly moving lower below $69,500 and $69,200.
On-chain data from Glassnode indicates that Bitcoin has entered a confirmed bear market, with multiple structural indicators pointing to weakening demand.
A long-dormant Bitcoin wallet came back to life after seven years, transferring 2,043 BTC into a new address, on-chain data shows. The transfer comes as the price of Bitcoin remains in a tight range under the $70,000 level.
Bitcoin is currently building up a massive liquidity cluster between the $72k-$80k level, and as a result, there is an anticipation that the cryptocurrency can make a short-term recovery. According to data from the analytics website Coinglass, liquidations worth hundreds of billions of dollars lie in the way of bulls, but if past trends are […]