#bitcoinanalysis

That means that clearly non-Chinese ICOs didn't kill their start-up funding plans because of bans in China (and subsequent bans in South Korea). Instead, most put their plans to launch on pause to figure out ways to legitimize their activity and find the right investors now that simple crowdsourcing these things in China is illegal under the ban. Chinese with crypto wallet accounts in Singapore, Hong Kong, London and elsewhere are still buying tokens of companies listing on exchanges and still speculating in cryptocurrencies.

Open Money found Chinese smart money. They built relationships with Chinese venture funds over the years and private asset managers who are now delving into the crypto markets. Those characters in China are known as "whales". The whales tend to be large funds with tens of millions of dollars to throw around, often belonging to the family offices of Chinese multi-millionaires and billionaires.

"We are definitely getting Chinese money and are still talking to a number of China-based funds," Sangha says

Bitcoin price has fallen below $70,000 after deepening ETF outflows, Mt. Gox-linked wallet movements and renewed geopolitical stress pushed traders into a risk-off stance. According to market data, Bitcoin price traded near $69,400 on June 2 after falling more than 2.7% over the past 24 hours. The move dragged BTC below the key $70,000 psychological level…….Continue reading…. By: Rony Roy Source:…

📉 Bitcoin remains under pressure below key resistance.

🔹 Resistance: $75K–$76.5K

🔹 Support: $72K–$73K

📈 Above $76K → $80K–$83K

📉 Below $72K → $70K–$68K

⚠️ ETF outflows and profit-taking continue to weigh on sentiment.

📲 More market insights & analysis:

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Bitcoin (BTC) spot trading volumes on all cryptocurrency exchanges have collapsed to their lowest levels in nearly two years. The Bitcoin spot volume on Binance alone has declined by more than 81% from its October 2025 peak of $198.6 billion to about $36.4 billion at press time. Meanwhile, Gate.io spot volumes have fallen by 79.6% over the same period, while Bybit has shed 66%……Continue…

The cryptocurrency market is known for its volatility, and at the center of this dynamic space is Bitcoin. Its price movements are influenced by a mix of technical factors, investor sentiment, and global economic conditions. For traders and investors, understanding where Bitcoin might head next depends largely on analyzing resistance zones, support levels, and overall market trends.

Rather than predicting exact prices, successful market participants focus on reading patterns and reacting to signals. This approach provides a clearer understanding of Bitcoin’s possible future direction.

Understanding Resistance Zones and Why They Matter

Resistance zones are price levels where Bitcoin struggles to move higher due to increased selling pressure. These areas are formed by past price behavior, psychological levels, and large trading volumes.

For example, recent analysis shows Bitcoin facing strong resistance in ranges like $80K–$88K, where sellers repeatedly step in and slow upward momentum

These zones matter because:

They act as barriers to price growth

They indicate where traders are likely to take profits

They often trigger short-term pullbacks

If Bitcoin fails to break resistance, it typically retraces. However, a strong breakout with volume can signal the start of a new bullish phase.

Support Levels: The Foundation of Market Stability

Support levels are the opposite of resistance. They are price zones where buying pressure increases, helping prevent further declines.

Key support levels have been observed around:

$75K–$76K as strong short-term support

$72K–$74K as deeper structural support 

When Bitcoin holds above these levels, it indicates market confidence. But if support breaks, it can lead to sharp declines and increased selling pressure.

Support levels are crucial because they:

Provide entry opportunities for buyers

Stabilize price during corrections

Define the lower boundary of trading ranges

Market Trends: Bullish vs Bearish Scenarios

Bitcoin’s future direction depends on how it reacts to these key levels.

Bullish Scenario

Price breaks above resistance zones

Strong buying volume confirms the move

Market sentiment turns positive

For instance, breaking above major resistance around $108K–$110K could trigger a strong upward trend with higher targets

Bearish Scenario

Price gets rejected at resistance

Support levels weaken or break

Selling pressure increases

If Bitcoin falls below key support zones, deeper corrections may follow, sometimes extending to significantly lower levels depending on market conditions.

At times, the market may remain range-bound, moving between support and resistance without a clear direction.

What Investors Should Watch Next

To better understand Bitcoin’s future outlook, traders should focus on a few critical signals:

1. Breakouts Above ResistanceA strong breakout often signals the start of a new trend.

2. Strength of Support LevelsHolding support indicates strong demand and market confidence.

3. Trading VolumeVolume confirms whether a move is real or a false breakout.

4. Market Sentiment & NewsGlobal economic trends, regulations, and institutional activity heavily influence price direction.

5. Technical IndicatorsMoving averages and RSI help identify trend strength and momentum.

Conclusion: Focus on Strategy, Not Prediction

Bitcoin’s price cannot be predicted with certainty, but it can be understood through structure and behavior. Resistance and support zones provide a roadmap that helps traders make informed decisions.

The key takeaway is simple: Success in the crypto market comes from understanding patterns, managing risk, and reacting to signals—not guessing prices.