Bitcoin momentum is fading following drop to $76,000 as analysts warn a loss of key support at $74,000-$76,000 could trigger a deeper BTC price correction.
Key takeaways BTC remains around the $77k level after rejecting the 200-day moving average. The bearish performance comes as rising inflation and Treasury yields weigh on risk sentiment. Bitcoin slipped below $77,000 earlier on Wednesday after failing to break above the 200-day moving average near $82,000, as rising inflation and tighter macroeconomic conditions weighed heavily […]
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The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to assert control over the Strait of Hormuz. U.S.-Iran War In Focus Amid Trump’s Threat and New Bitcoin Service According to a Reuters report, US President Donald Trump has threatened that a new US attack on Iran could happen in the coming days if both sides fail to reach a deal. This came amid his revelation that he was close to ordering a strike against Iran earlier this week before postponing following pleas from leaders of the UAE, Qatar, and Saudi Arabia. Notably, the US-Iran war is now approaching the three-month mark, with a peace deal yet to be reached. Related Reading: Donald Trump Abandons Meme Coins In Favor Of These Indirect Bitcoin Exposure Vehicles The major contention remains Iran’s nuclear program, which the country has so far refused to give. Mean
Bitcoin is trading at $77.5k as the third week of May draws to a close. The market is recovering quietly from the $75k–$76k support zone after last week’s failed breakout attempt above $80k. The structure has absorbed the pullback without breaking, the ascending channel floor continues to rise, and the on-chain picture tells a story […]
Coins.ph has added Bitcoin and Ethereum to its QRPh crypto payment system across the Philippines. Users can now pay at an estimated 700,000 QRPh-enabled merchants, with crypto automatically converted into Philippine pesos at checkout. Coins.ph is expanding crypto payments in the Philippines beyond stablecoins. The Manila-based platform said it has added Bitcoin and Ethereum support [...]
Bitcoin trades modestly higher early May 20 at 8 a.m. ET, holding near the mid-$77,000 range as traders evaluate mixed technical indicators and tightening resistance levels. Market participants continue watching whether BTC can reclaim higher resistance zones after stabilizing above a key support cluster near $76,000. Bitcoin Chart Outlook Bitcoin is priced at $77,440 during […]
Around 1% up on Wednesday and trading at $77,500, the $BTC price has finally entered a bullish phase. However, with a lot of resistance overhead can the bulls initiate a real turnaround or is this rally just going to be too little and too late?
