Bitcoin price reclaims $63,000: Can the recovery reach $64K?
Bitcoin trades near $62,959 after rebounding from $59,100, but bearish MACD and rising leverage keep the $55,000 support in focus this week.
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Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market. However, this recovery seems to only be a stop-gap for now because, according to one analyst, there is something bad coming Bitcoin’s way and it’s going to happen today. Is A Black Monday In The Cards? Analyst WhaleTwits on the X (formerly Twitter) platform has sounded the alarm for what could be a Monday to remember for Bitcoin. This comes after the crash toward $59,000 last week as the market moved into the bearish territory once again, suggesting that the worst is not over. Related Reading: Dogecoin Could Rally 300x And Cross $20, Analyst Claims According to the crypto analyst, something bad is expected to happen to Bitcoin on Monday, which is today. However, this does not seem to be ‘bad’ in the sense that everyone expects. Instead, the cry
Read full articleBitcoin trades near $62,959 after rebounding from $59,100, but bearish MACD and rising leverage keep the $55,000 support in focus this week.
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Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s steep decline has exposed deeper frustrations inside the Cardano ecosystem, even as he maintained that the project’s underlying technology remains among the strongest in crypto. In a lengthy post on X, Gambardello framed the issue as bigger than price alone. He argued that Cardano’s more than 80% drop from 2024 levels should be viewed in the context of a broader altcoin drawdown, not as proof that the network itself is failing. Still, he said the market weakness has intensified longstanding concerns over ecosystem support, leadership, public optics and Cardano’s relative isolation from the wider crypto market. “Let me just say…Cardano is down over 80% from 2024 along with so many altcoins. It’s not because Cardano is failing. It’s because altcoins are getting demolished,” Gambardello wrote. “So please try to separate price and everything I write here. To be clear: This is not me turning against the project.” W
History suggests that BTC's biggest leg down is still upon us.
Bitcoin climbed roughly 5% to around $64,000 on Sunday after U.S. President Donald Trump said Israeli Prime Minister Benjamin Netanyahu will have “no choice” but to accept a U.S.-brokered deal with Iran. Trump Says the Deal Is ‘Almost Complete’ The rally followed remarks in which Trump framed the agreement as a near-certainty and signaled he […]