Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential
Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark earlier today. At the time of writing, the cryptocurrency is trading at $105,383, reflecting a 0.8% increase over the past 24 hours. While this upward move has not sparked a major breakout, analysts are paying close attention to on-chain and market structure indicators that suggest a cautiously balanced environment. Related Reading: Analyst Warns Of Bitcoin Breakdown—’If This Continues, It Snaps’ On-Chain Data Points to Equilibrium, But Demand Wanes According to....
Related News
Since hitting a new all-time high almost a month ago, Bitcoin has done little to assure investors of intent to explore new price territories. Amid announcement of new US trade tariffs and rising geopolitical tensions between Israel and Iran, the premier cryptocurrency has come under bearish influences to trade as low as 101,000. At press time, Bitcoin is hovering near $104,000 following a 2.03% % decline in the past day. However, popular analytics company Glassnode has highlighted a crucial price range worth monitoring especially in the advent of a further price decline. Related Reading:....
Today's Ether market is nothing like it was in 2018, says Ki Young Ju, as data reveals huge Coinbase outflows taking place last year. Ether (ETH) hit fresh all-time highs and neared $2,000 for the first time on Feb. 18 as momentum returned to trading.ETH/USD 1-day candle chart (Bitstamp). Source: TradingViewETH sets sights on $2,000Data from Cointelegraph Markets and Tradingview showed ETH/USD coming within 4% of the $2,000 barrier on Thursday. After spending much of February trading sideways with modest upward momentum, the largest altcoin reawakened this week. At the time of writing,....
What to Know: 1️⃣ Aster’s 26% breakout yesterday and potential path to a $10B market cap show selective altcoins can still advance despite broader market weakness. 2️⃣ The key Aster support near $1.13 suggests even the current pullback could preserve the bullish structure while flushing excess leverage and sentiment. 3️⃣ Traders rotating beyond majors are […]
Despite the crypto market’s renewed weakness on Thursday, a new AI-driven market model produced by Sam Daodu for 24/7 Wall St. projects higher year-end prices for Bitcoin (BTC), XRP, and Ethereum (ETH). AI Model Sees Bitcoin Rising 42% In 2026 Daodu’s analysis, which used ChatGPT as the modeling engine, places Bitcoin at the top of the trio, forecasting a roughly 42% gain from current levels and a year-end target near $105,000. Related Reading: Sen. Lummis Predicts Crypto Market Structure Markup In April, Senate Passage By Year-End The AI model identified institutional demand and....
Bitcoin’s price has been flashing signs of immense weakness throughout the past few days, with the recent $19,500 rejections sending it reeling lower as analysts watch for further downside. The rejection just below its all-time highs was certainly what sparked the ongoing correction, but some other factors are at play here. One such factor is […]