The post Is It Time To Sell? Bitcoin Price Enters Redistribution Phase That Previously Led To A 78% Crash appeared on BitcoinEthereumNews.com.
A warning from Bitcoin’s weekly chart is showing a familiar bear market structure beginning to take shape. According to technical analysis of the weekly chart, Bitcoin has already moved through a topside distribution phase and a range phase beneath it, and the current price action is now forming a redistribution zone. The concern is that a similar setup appeared after the 2021 peak before Bitcoin went through a much deeper decline. The last time this setup appeared, it erased nearly 80% of Bitcoin’s value in under a year. Bitcoin Chart Following The 2021 Breakdown Structure The analysis compares Bitcoin’s current weekly chart with the structure that developed during the 2021 to 2022 bear market. In that previous cycle, Bitcoin first created a distribution zone near the top. The price then entered a range phase below that high, creating the appe
Crypto analyst Xanrox has advised market participants against buying Bitcoin, warning that a crash is looming for the leading crypto. Instead, the analyst advised buying altcoins, which are likely to offer greater gains. Analyst Advises Against Buying Bitcoin With Crash Looming In a TradingView analysis, Xanrox advised against buying Bitcoin, citing the crypto’s bearish price action. Commenting on BTC’s daily chart, he noted that the LOG scale shows a bearish flag pattern, indicating bearish price action. He added that it will be a technical error to buy or go long at the resistance of the channel. Related Reading: 9 Red Candles Before The Bottom: Why Bitcoin Price Will Continue To Crash Xanax further revealed that Bitcoin’s price is currently within the channel, indicating a huge selling wall above the current price. The analyst admitted there is still a chance BTC could rise to between $83,000 and $84,000. However, he advised opening a short position at this point rather than longi
The United States Senate Banking Committee took a definitive step toward establishing a national regulatory framework for digital assets on Thursday by advancing the Digital Asset Market Clarity Act. Bitcoin Taps $82K as Senate Banking Committee Advances CLARITY Act Known as the CLARITY Act or H.R. 3633, the piece of legislation moved out of the […]
Cardano founder Charles Hoskinson said Monero represents the kind of privacy-preserving cryptocurrency Bitcoin might have become if stronger cryptographic tooling had been available at the time, praising the project’s technical design and its refusal to dilute its cypherpunk principles. Speaking in an interview with David Gokhstein, the Cardano founder framed Monero not as a marginal […]
Bitcoin has lost the $80,000 level as the market faces a wave of uncertainty that has erased the confidence built during weeks of gradual recovery. The breakdown is not catastrophic in isolation — but XWIN Research Japan has identified a set of on-chain conditions that place the current moment in a historical context that demands careful attention before drawing conclusions about what comes next. Related Reading: XRP Holds Key Level, But Binance Flow Data Signals Weakening Demand The analysis draws on CryptoQuant data to describe a market at a genuine inflection point. Bitcoin rallied approximately 37% from the April lows, a recovery that carried it back toward the 200-day moving average at approximately $82,400 — a technical level that has acted as major resistance during previous bear market recovery attempts. The price reached that level and is now retreating from it. The historical parallel that XWIN Research Japan identifies is March 2022. At that point in the previous cycle, Bitc
strkBTC's launch could redefine privacy in DeFi, attracting institutional investors while balancing regulatory compliance and security needs.
The post Starknet launches strkBTC, a Bitcoin asset enhancing privacy with zero-knowledge proofs appeared first on Crypto Briefing.
Bitcoin slips below $80K as traders watch the Senate CLARITY Act vote and key BTC levels near $81,800 and $75,000. Bitcoin fell below $80,000 on Thursday as traders watched a key U.S. crypto rulemaking event. The move placed fresh focus on market structure, short-term holder pricing, and the Senate Banking Committee vote on the Digital […]
The post Bitcoin Slips Below 80K as CLARITY Act Vote Puts Crypto Rules in Focus appeared first on Live Bitcoin News.
