Bitcoin News Today: BTC Fully Retraces its Pre-Iran Conflict Pump
Bitcoin Erases War Premium: Why Geo Pumps Fade The post Bitcoin News Today: BTC Fully Retraces its Pre-Iran Conflict Pump appeared first on 99Bitcoins.
Crypto Daily·
Heavily oversold now in the shorter time frames, has the $BTC price just made a bottom with a quick dip down to $61K, or is the extremely poor market sentiment going to push the price down to the previous bottom at $60K?
Read full articleBitcoin Erases War Premium: Why Geo Pumps Fade The post Bitcoin News Today: BTC Fully Retraces its Pre-Iran Conflict Pump appeared first on 99Bitcoins.
Bitcoin brought back the trend line that functioned as resistance in the 2022 bear market, with BTC price RSI approaching its lowest in six years.
Can the valuation plummet below $50K in the short term?
Bitcoin trades near $62K as Charles Edwards says a 28% quantum discount reflects market fears over slow post-quantum planning.
Bitcoin ETF outflows remain negative for 11 straight days, pressuring BTC. $749 million in liquidations have accelerated the Bitcoin price drop. RSI below 18 shows oversold conditions, but trend stays bearish. Bitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of […] The post Why Bitcoin price could fall below $62,000 despite oversold conditions appeared first on CoinJournal.
In crypto news today (June 4), the market continues to bleed as June maintains its bearish trend. Bitcoin crashed below $62,000 overnight, falling by -4.8% over the past 24 hours. The crash has caused more than $1.63Bn in daily liquidations, with over $1.38Bn of that figure being long trades. This recent spate of liquidations has.. The post Crypto News Today (June 4): BTC Taps $61K Overnight as Liquidations Pile Up appeared first on 99Bitcoins.
Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.