Despite GBTC's significant outflows and concerns about market absorption, Bitcoin manages to maintain support at $40,000. The market remains uncertain, with conflicting forecasts from analysts and traders.
SanyaBitcoin tests resistance at $49,000, but a downturn breaches key supports at $45,000, signaling a short-term bearish trend. Critical resistance lies at $43,250, while downside risks persist below $41,500. Traders closely monitor these levels for market direction.
EdmundGolden Finance launches the 2195th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceThe ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
CointelegraphThe regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.
CointelegraphSupport and resistance aside, it's all about the yearly pivot for Bitcoin price action, says Decentrader's Filbfilb.
CointelegraphBitfinex heavyweights are not the only ones who see current Bitcoin price levels as a buying opportunity.
Cointelegraph$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.
CointelegraphWith little comfort on the daily chart, analysts once more zoom out to explain the lack of momentum on the market.
CointelegraphMarkets took a turn for the better after BTC reclaimed $40,000, and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price.
Cointelegraph