Bitcoin has seen significant global developments affecting its institutional adoption. Companies increasingly integrate Bitcoin into their financial systems and portfolios. Continue Reading: Global Companies Embrace Bitcoin with Remarkable Speed The post Global Companies Embrace Bitcoin with Remarkable Speed appeared first on COINTURK NEWS .
Bitcoin finds itself on the back foot once again, retreating below crucial short-term moving averages as bearish forces tighten their grip. Trading around $105,148, BTC has slipped beneath both the 25-period and 50-period SMAs, signaling a shift in short-term momentum. With key indicators leaning in favor of the bears , the bulls are now left defending familiar ground. As the dust settles around this latest move, traders are watching closely—will BTC stage a comeback or slide further into bearish territory? Bitcoin Price Slips Below Key SMAs According to Shaco_Ai’s latest 4-hour update on BTC/USDT, Bitcoin is trading below both the 25-period and 50-period SMAs, with the price holding at $105,148.71. The 25-period SMA is at $107,788.87, and the 50-period comes in at $106,456.31. This arrangement reflects a bearish setup, favoring the sellers. Shaco_Ai notes that the MACD stands at -677.48, firmly entrenched in bear territory with no signs of recovery. Momentum remains weak, showing little to no bullish signals. The market appears to be in no rush to reverse the trend. The RSI stands at 38.23, suggesting sellers still have a slight advantage. Although the reading avoids oversold levels, it is a signal of pressure, but not yet full exhaustion. There’s room for a move in either direction from here. Still, bulls remain on the defensive for now. Furthermore, the ADX prints at 25.36, hinting at a gradually strengthening trend. Not explosive, but enough to keep the market engaged and alert. Resistance Reflects, Support Holds: Watch These Zones “Let’s talk numbers,” says Shaco_Ai, pointing out that resistance stands tall at $110,530.17, possibly pondering its importance. Meanwhile, support holds steady at $100,372.26, acting as a dependable floor for now. These levels indicate key zones to watch, so you may want to pin them on your crypto map. Addressing the crowd’s energy, the analyst noted that volume has dipped below the average, coming in at 2950 compared to the usual 3291. This drop suggests traders may be sitting on the sidelines instead of participating in the action. However, the quiet may not last long. Thus, Shaco urges investors to watch how BTC behaves around those key levels. A break above resistance could open the door to further gains, while a bounce off support might spark another bullish move. Either way, the setup hints at a potential reveal in the works. In the meantime, as Shaco_Ai wisely reminds us, always make well-informed decisions. Whether gearing up for a breakout or bracing for a reversal, risk management remains crucial as markets move fast, and staying sharp is half the battle.
Bitcoin (BTC) is once again testing the nerves of traders worldwide, hovering just above $105,000 today as forecasts split the crypto community in half. Will the king cryptocurrency explode to $175,000 this cycle, or nosedive to under $80,000 if fear grips the market? The $175K Dream On the bullish side, pseudonymous chart-watcher Egrag Crypto supercharged hopium this week, predicting a huge breakout in the next few months. According to the analyst, BTC’s historical cycle data suggests the asset is primed for a 102% surge, which would catapult it to $175,000 from its current levels. “The average of three major pumps this cycle is 102%, hitting $175K!” they tweeted, pointing to eerily similar patterns in previous bull markets. The way Bitcoin shrugged off the effects of recent geopolitical upheavals has only bolstered Egrag’s bullish case. After Israel struck multiple Iranian nuclear and military assets, the cryptocurrency cratered, going from a daily high near $108,500 to just under $103,000, before clawing its way back to around $105,000 today. Other optimists, like DeFiTracer, also highlighted similar war-driven dips in April and October 2024, when each was followed by 48% and 74% explosions upward. “Don’t let whales and news manipulate you,” he wrote on X, suggesting June’s 4% dip is merely fuel for the next bump upward. The Bear Trap However, not everyone is buying the hype just yet. Seasoned analyst Ali Martinez has tempered the euphoria, warning that the market could be on the brink of a sharp correction if key levels don’t hold. He backed his pessimism, pointing to whales offloading nearly 30,000 BTC in the past week as well as a weakening support floor around the hundred grand level. If this floor gives way, Martinez predicts a drop to as low as $78,500. His sentiment was echoed by crypto strategist Michaël van de Poppe, who noted that BTC just failed to hold above $106,000, triggering a liquidity cascade southwards. “Two options,” he warned: A sub-$100,000 buying opportunity or a fresh rally if prices hold at around $102,500. Market observer Axel Adler Jr. also weighed in , drawing attention to BTC’s OBV (On-Balance Volume), which is still stuck in the red near $100,000. According to him, it means that any bullish momentum could be paper-thin. The post Bitcoin at $105K: Breakout or Breakdown Next? Experts Split appeared first on CryptoPotato .
Investors keep stacking Bitcoin, betting today’s shredded dollars will grow tomorrow.
The crypto market was mixed on Sunday as investors focused on the upcoming Federal Reserve interest rate decision and the ongoing crisis in the Middle East. Bitcoin was stuck above $105,000, while the market capitalization of all tokens dropped to $3.28 trillion. This article explores the top crypto forecasts of coins like Pi Network (PI), Monero (XMR), and Fartcoin (FARTCOIN). Pi Network price prediction Pi coin price chart | Source: TradingView Pi coin has come under pressure in the past few weeks as it plunged to $0.3945 on Friday, down from last month’s high of $1.6567. The token has stabilized a bit and moved to over $0.60 today, a 50% surge. Technicals point to more Pi Network gains as it has formed a triple-bottom pattern at around $0.60. A triple-bottom is made up of three distinct bottoms and a neckline, which, in this case, is at $1.6567. The token is attempting to move above the 50-period and 100-period Exponential Moving Averages (EMA). Oscillators like the MACD and the Commodity Channel Index (CCI) have all pointed upwards. Therefore, the Pi Network token price will likely keep rising as bulls target the next key resistance at $1, which is about 61% above the current level. A drop below the support at $0.3945 will invalidate the bullish Pi Network forecast. Monero price forecast XMR price chart | Source: TradingView Monero, the biggest privacy-focused coin, has crashed in the past two weeks, erasing some of the gains made earlier this year. The initial gains happened as demand for privacy tokens soared. XMR token retreated from a high of $420 to $315 today as investors booked profits. Monero has moved to the 38.2% Fibonacci Retracement level. It also remains slightly above the 50-day and 100-day EMA. Most importantly, it has formed a small double-bottom pattern at $301.05. A double-bottom pattern often leads to a strong bullish breakout. Therefore, Monero token will likely bounce back as long as it remains above the double-bottom pattern at $301. Such a move will see it rise and retest the 23.6% Fibonacci Retracement level at $353, which is about 12% above the current level. A drop below the support at $301 will invalidate the bullish Monero price forecast. Fartcoin price forecast Fartcoin chart | Source: TradingView Fartcoin, a top meme coin on the Solana network , has been one of the most actively traded tokens this year. Its recent surge saw it peak at $1.6520 in May. It then pulled back and reached a low of $0.8715, its lowest point on June 5, and then bounced back to the current $1.20. Fartcoin token remains above the 61.8% Fibonacci Retracement level and the 50-day and 100-day EMAs. The Relative Strength Index (RSI) has retreated and moved to the neutral point at 50. Therefore, the Fartcoin price will likely resume the uptrend, and potentially retest the psychological point at $1.50. A drop below the support at $0.8715 will invalidate the bullish outlook. Read more: FARTCOIN eyes 45% rebound as market sentiments shift The post Crypto price predictions: Pi Network, Monero, and Fartcoin appeared first on Invezz
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Momentum weakens as Bitcoin's Advanced Sentiment drops amid a $4.1 billion decline in Open Interest.
Peter Brandt, a veteran trader, warns that Bitcoin’s current price action resembles the distribution pattern seen at the 2021 market peak, signaling potential caution for investors. The current consolidation near