Bitcoin is showing signs of price consolidation near the $117,000-$120,000 range as market participants eye the psychological $120,000 resistance barrier. The cryptocurrency registered a 1.06% gain over the past 24 hours but struggled to breach the $119,239 resistance level, with… Read More »Bitcoin Faces Pivotal Test at $120,000 Resistance Amid Consolidation Signs
Bitcoin is encountering heightened selling pressure following recent macroeconomic data, with significant exchange inflows signaling potential near-term price corrections. Over 80,810 BTC ($9.4 billion) moved to centralized exchanges on July 15, reflecting increased distribution interest after the CPI report release.… Read More »Bitcoin Faces Potential Correction Amid Exchange Inflows and Key Support Tests
Bitcoin’s recent strong rally has exhibited signs of slowing momentum as heightened profit-taking activity coincides with declining trading volumes. Market analysts suggest this dynamic indicates a potential consolidation phase may precede further market movements. The cryptocurrency gained approximately 41% since… Read More »Bitcoin Rally Shows Signs of Consolidation Amid Profit-Taking and Volume Decline
Bitcoin and other major cryptocurrencies experienced significant price fluctuations amid heightened geopolitical uncertainty caused by recent US political rhetoric directed at Iran. Bitcoin briefly fell below the $104,000 mark, while Ether and XRP dropped approximately 1.3% in the wake of… Read More »Cryptocurrencies Face Volatility as Geopolitical Tensions Escalate