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BTC Tries to Reverse Bearish Mood, but Is $82K Still on the Table?
Bitcoin continues to trade within a decisive corrective structure, pressing against a key resistance block at $91K–$93K after a sharp bounce. Despite the recent recovery, the broader trend remains tilted to the downside, and the daily chart suggests BTC is approaching a confluence area where the next major directional move will likely be determined. Bitcoin Technical Analysis By Shayan The Daily…
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$82K Is Now the Line in the Sand
Bitcoin drops 35% after losing its 260-day cycle lead. Analysts watch $82K support as trendlines and on-chain data signal a reset. Bitcoin is trading at around $84,000 after a sharp drop of 35% from recent highs of over $126,000. The move follows an early lead in the market cycle, where the asset rallied to new all-time highs ahead of the 2024 halving. Analyst Rekt Capital noted that this placed…
Nearly $1B Liquidated In an Hour as Bitcoin Plunges Below $82K
In brief Bitcoin open interest dropped by 8,500 BTC in under 48 hours, a $700 million unwind of leveraged positions. One crypto whale saw profits plummet by 93% to $4M, leaving them sitting on $37M in unrealized losses on long positions. An analyst says the sell-off was driven by leverage, unlike October’s spot-driven liquidation event. The crypto market continued its downward slide Friday…
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Somebody Just Paid 656 ETH ($82K) in Fees for a Single Transaction – BeInCrypto
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Bitcoin Price Avoids $8.2K to Mirror Stock-to-Flow Creator’s Forecast
Bitcoin Price Avoids $8.2K to Mirror Stock-to-Flow Creator’s Forecast
Bitcoin (BTC) may have shed 11% in a week, but it is actually performing exactly like one of the industry’s most famous analysts predicted.
In a tweet on Mar. 1, PlanB, creator of the well-known stock-to-flow Bitcoin price forecasting model, said that at around $8,500, BTC/USD was wholly on schedule.
PlanB: “So far so good” for BTC price
In February, he predictedthat Bitcoin might lose its…
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