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Bitcoin Bottom Hunters Fear Fresh Pain After $1.3 Trillion Rout
Bitcoin’s collapse is forcing crypto veterans to confront the question every bear market eventually asks: when does mass panic create a buying opportunity? The answer, according to many of the investors and analysts who have lived through previous boom-and-bust cycles, is: not yet. While Bitcoin has fallen below $60,000 — more than 50% beneath last year’s record high — a growing number of market watchers say the cryptocurrency is entering the zone where previous crashes have ultimately bottomed. The catch is that those bottoms have historically taken months to form, with the deepest pessimism often arriving ... (full story)
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From kitco.com | 23 hr ago
Bitcoin remains pinned to the most important line in the current crypto market. BTC wicked below the June 5th low for a second day in a row on Thursday, reaching $58,115, while daily RSI slipped into oversold territory at 24.95. The market is still fighting, but the working expectation remains that BTC loses $59,000 and moves toward $49,000 next. chart ...
From investinglive.com | 24 hr ago
Bitcoin has spent today's session chopping around the $60,000 level, trading between a low of $58,241 and a high of $60,656. Yesterday's low of $58,035 was the weakest level since September 17, 2024. From a technical perspective, the recent slide has pushed the price below its 200-week moving average, currently at $62,446. Over the previous four weeks, ...
