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Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several sharp drops over the years. Bitcoin touched it during the FTX-driven crash of November 2022, when prices fell to $15,400, and the line held. It held again three times in the opening months of 2026, at $60,000 in February, then at $64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator MichaelXBT brought renewed attention to the pattern after Bitcoin dropped below $74,000 for the first time in over a month. Based on his chart analysis, the support trendline now sits around the $70,000 mark, and a confirmed break below it would be historically significant. Bitcoin 10-Year Wedge Support: $70k If th
Read full articleCrypto ETF flows remained under pressure on Thursday, May 28, as bitcoin funds posted a ninth straight day of withdrawals and ether products stretched their outflow streak to 13 sessions. Smaller altcoin vehicles, including XRP, HYPE, and Solana ETFs, drew modest inflows, but not enough to shift the market’s defensive tone. Bitcoin ETFs Fall Below […]
Bitcoin (BTC) has survived multiple bull and bear market cycles since it began trading, and each time the market collapsed, a new rally eventually followed. That recurring four-year cyclical pattern has given many investors deep confidence that history will repeat itself. However, after studying the same past cycle patterns, market expert CryptoCon has reached a different conclusion. He has highlighted two possibilities, suggesting that the four-year cycle theory may either be playing out behind the scenes or that this market could be a failed cycle. How This Bitcoin Bear Market Compares To Past Ones In a recent X post, CryptoCon has drawn parallels between the current Bitcoin cycle and past ones, in which prices explode to new all-time highs and then enter a prolonged bear trend that shakes out investors and triggers fear and panic selling. The analyst noted that, when comparing the current bear market by size to previous ones, he believes the market is nowhere near the level of desp
Texas has moved closer to holding Bitcoin directly after naming a new advisory committee to guide the state’s Strategic Bitcoin Reserve. The Texas Comptroller’s office said Thursday that Acting Comptroller Kelly Hancock will serve on the five-member Texas Strategic Bitcoin…
BIP-110's potential failure or self-fork highlights governance challenges in Bitcoin, risking network fragmentation and investor uncertainty. The post BIP-110 may self-fork or fail to activate by August 7th, warns Adam Back appeared first on Crypto Briefing.
Strive's aggressive Bitcoin acquisition strategy could influence market dynamics, potentially impacting Bitcoin's price and investor sentiment. The post Strive raises capital to acquire 2,624 Bitcoin in record-breaking week appeared first on Crypto Briefing.
Bitcoin plunged to a multiweek low of $72,395 before sharply rebounding past $74,000, ultimately stabilizing slightly under $74,000. The reversal was seemingly triggered by news of a tentative U.S.-Iran agreement to reopen the Strait of Hormuz. Bitcoin Reclaims $74,000 Following Intraday Dip On Friday, May 29, bitcoin reclaimed $74,000 just a few hours after it […]
The massive liquidation highlights the risks of high leverage in volatile markets, potentially amplifying price movements and market instability. The post Binance liquidates $12M Bitcoin short position in single order appeared first on Crypto Briefing.
Coinbase Premium Index plunges to -1,083% deviation as Bitcoin breaks $73K support, signaling US institutional exit and shifting supply to Binance. The cars were already gone, in a manner of speaking. By the time Bitcoin touched $73,000, the selling had been building for weeks inside data most traders never check. On-chain analytics platform CryptoQuant flagged […] The post Coinbase Premium Collapses: What the -1,083% Signal Means for Bitcoin appeared first on Live Bitcoin News.
