Oil markets slid over the Memorial Day weekend as President Trump said a deal to reopen the Strait of Hormuz is “largely negotiated,” pulling Brent crude below $99 while bitcoin held near $77,000 with U.S. stock exchanges shuttered for the holiday. Trump Signals U.S.-Iran Deal Pushes Brent Crude Below $99 as WTI Eyes $80s Brent […]
Upbit and Bithumb posted record negative Bitcoin volume on May 19 as Binance stayed green. Days later, STH Market Cap shed $65B. The divergence no one saw coming. Something broke first in Seoul. On May 19, Upbit posted the largest negative Bitcoin spot volume reading in the exchange’s recorded history, negative $9.3 billion in a […]
The post Korea Dumped $11B in Bitcoin. Then $65B Disappeared in 3 Days appeared first on Live Bitcoin News.
After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term. BTC Price Trading In Ascending Channel Pattern Prominent chartist Aksel Kibar took to the social media platform X to share an interesting layout of the Bitcoin price, suggesting the coin might be on its way down to around $72,500. This highlighted chart shows the formation of an ascending channel on the BTC daily timeframe over the past few months. Related Reading: Key Volume Signals Are Driving XRP Momentum Amid Market Uncertainty For context, an ascending channel is a technical analysis pattern characterized by two major (up
Trump says Iran deal isn't fully negotiated yet, sending near-term odds crashing. US-Iran agreement by May 26 at 18.5% YES, down from 60% yesterday.
The post Trump says Iran deal not fully negotiated yet appeared first on Crypto Briefing.
Bitcoin remains under bearish pressure after failing to sustain momentum above the critical $80K-$82K resistance region. However, recent price action suggests buyers are attempting to defend the important $75K support zone, increasing the probability of a short-term corrective rebound before the broader downtrend resumes. While the market structure still favors sellers, the current positioning near […]