$BTC - 88,000$ ✅
Prices remain pretty bearish at the moment.
If the 87,000 - 88,000 $ area is holding then we may see a retest of the 91,000 - 92,000$ precedent big support zone!
Otherwise, the next big support is located around 83,000$.
It will probably be tested, as #bitcoin price broke below a multi weeks support area.
Pls review my previous analysis for more S/R!
#BTC #BTC走势分析
Bitcoin enters 'technical bear market' as $BTC price drops 20% from all-time high
BTC price action leaves $109,000 far behind as selling pressure keeps the Bitcoin bears in control of the cryptocurrency market.
BTC price losses enter bear market territory
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading increasingly close to $86,000.
Now at its lowest levels since Nov. 13, Bitcoin struggled to catch a bid as wary traders watched the aftermath of a mass liquidation event.
24-hour cross-crypto liquidations hit nearly $1.6 billion over 24 hours, with crypto market sentiment swiftly crashing to “extreme fear
Now down 20% from all-time highs just a month prior, Bitcoin entered a technical bear market, as noted by finance and trading resource Barchart.
“The downside deviation below the Range Low of the ReAccumulation Range is now in progress,” popular trader and analyst Rekt Capital summarized.
Rekt Capital produced a weekly chart highlighting key structures within BTC price action since the end of its last macro bear market in late 2022.
#BTCDipOrRebound #SaylorBTCPurchase
Bitcoin's been on a rollercoaster, hitting a 15-week low as Wall Street's sell-off added some spice to the mix. 🎢 BTC/USD danced near $86K, its lowest since November, as traders watched $1.6B in liquidations unfold, sending market sentiment into "extreme fear" mode.
But fear not, savvy traders! Rekt Capital sees these dips as "outsized bargain opportunities." Meanwhile, TheKingfisher predicts a possible dip to $73.8K, with short targets eyeing the $103K zone.
QCP Capital warns of a slowdown in institutional demand, but hey, who doesn't love a bit of suspense? Comment your thoughts below! 🤔
Bitcoin hit a 15-week low on Feb. 25 as US sell pressure pushed prices down. BTC/USD neared $86,000, its lowest since Nov. 13, following a $1.6 billion liquidation event that sent market sentiment into "extreme fear." Bitcoin is now down 20% from recent highs, entering a technical bear market.
Analysts like Rekt Capital and TheKingfisher predict further volatility, with potential support and resistance levels identified. Meanwhile, QCP Capital notes that institutional demand, driven by firms like MicroStrategy, might be waning as the market for crypto-related financing approaches saturation.
🚀 Exciting news from the crypto world! Vanilla Finance's co-founder, Michael Cameron, has unveiled a groundbreaking meme derivative infrastructure at a Hong Kong keynote. This innovative product allows decentralized exchanges (DEXs) to let users short any memecoin, capitalizing on their wild price swings. 📈
- Industry leaders from Bitget, OKX, KuCoin, and Hashed joined Cameron in highlighting this tool's potential to transform trading strategies.
- Vanilla Finance is strengthening its Web3 presence with new DEX partnerships and aims to make crypto more accessible.
Share your thoughts on this game-changing innovation in the comments!
The state of Bitcoin: Violation of fundamental supports increases deeper correction risk
Early Tuesday trading saw a significant decline in Bitcoin (losing more than 6% in Asian / early European session), driven by soured mood that spurred robust selling.
Fresh plunge fell through crucial 90K support zone (floor of broader 90K/110K range) and producing strong bearish signal, with closing below this zone to verify signal and open door for further correction, as bears also breached critical Fibo support at 87801 (38.2% retrasion of 52563/109502).
Additionally completing a double top formation on daily charts, break of the range floor adds to increasing bearish indications.
Technical images become gloomy (momentum indicator broke into negative territory / south-heading daily Tenkan/|Kijun-sen are diverging after producing a bear cross) and thus contribute to a pessimistic view.
Still, today's big decline and oversold circumstances point to bears maybe taking a break for consolidation.
Broken 90K level became resistance which should ideally limit and sustain negative position for further decline and possible assault around 81200/81000 zone 200DMA / 50% retracement).
Res: 89038; 90000; 91759; 93292.
Sup: 86784; 85132; 81235; 81059.
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Grayscale's at it again! Nasdaq's got its eyes on listing a Grayscale ETF featuring Polkadot's DOT. If the SEC gives a thumbs-up, it’ll join Grayscale's growing crypto carnival, already boasting Bitcoin and Ether ETFs. 🎪
With altcoin ETFs popping up like mushrooms, the SEC's got its hands full. Grayscale's not alone—21Shares is also eyeing Polkadot. Meanwhile, Bloomberg's betting on XRP, Litecoin, and Solana ETFs getting the green light.
Looks like the SEC's warming up to crypto, but will they dance to Grayscale's tune? Stay tuned for the next episode of "As the Crypto World Turns"!
🚀 Nasdaq is aiming to add some DOT to its lineup! The exchange has filed to list a Grayscale ETF featuring Polkadot's native token, DOT. If the SEC gives the green light, this could be a new feather in Grayscale's cap of publicly traded crypto funds.
- Grayscale is no stranger to the ETF game, already listing Bitcoin and Ether ETFs.
- They're also eyeing ETFs for Solana, Litecoin, and even Dogecoin! 🐶
- The SEC's approval is the final boss here, so stay tuned!
What do you think? Will Polkadot make the cut? Share your thoughts in the comments!
🚨 Crypto Chronicles: The Lazarus Heist 🚨
Hold onto your crypto wallets! The notorious Lazarus Group has struck again, pulling off a jaw-dropping $1.4 billion heist from Bybit. This North Korean cyber squad, known for their "sophisticated" charm, has been linked to multiple high-profile hacks, leaving exchanges scratching their heads.
- Bybit's breach involved a cunning phishing attack, showcasing Lazarus' knack for digital trickery.
- Funds are now scattered across wallets, with some converted into Bitcoin and Dai.
Got thoughts on this crypto caper? Drop your comments below! 💬
**Crypto Heist Alert: Lazarus Group Strikes Again**
The notorious Lazarus Group, backed by North Korea, has pulled off another staggering crypto heist, stealing $1.4 billion from Bybit, marking the largest crypto theft to date. Known for their sophisticated hacking techniques, Lazarus has been linked to multiple breaches, including Phemex and Poloniex.
Since 2017, they've allegedly siphoned $6 billion from the crypto world, funding North Korea's weapons program. Despite global crackdowns, Lazarus remains a formidable threat, continually adapting their methods to evade detection. As investigations unfold, the crypto community braces for further attacks.