Michael Saylor says a Strategy Bitcoin sale before year-end is ‘not unlikely’ in a Coin Stories podcast interview. Strategy executive chairman Michael Saylor told the Coin Stories podcast it was “not unlikely” the company would sell some Bitcoin before year-end.…
Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom out without first touching the EMA300. He noted that BTC has never bottomed without touching this level, as it did in 2020 and 2022, when it tagged the weekly EMA300 right before the cycle low. Specifically, Bitcoin’s bottom came 10% below the EMA in 2020 and 15% in 2022. Related Reading: Bitcoin Is Repeating This Midterm Pattern That Sends Price Tumbling 15% On Average The analyst noted that in this cycle, the Bitcoin price bounced from $60,000 without ever reaching the EMA, suggesting the real bottom isn’t in. He added that if the pattern repeats, BTC must drop to around $58,000, marking the last bottom in this bear cycle. In another X post, the analyst indi
Bitcoin trades near $75K after falling below its 2 year MA as traders watch $72K support and accumulation signals. Bitcoin traded near $75,318 on the daily Bitstamp chart after falling below its reported two year moving average near $86,000. Traders tracking the 2 Year MA Multiplier now view this level as a key marker for […]
The post Bitcoin Falls Below 2 Year MA as Traders Eye Fresh Accumulation Zone appeared first on Live Bitcoin News.
What is the ARMA Bill? Strategic Bitcoin Reserve Explained
The post Bitcoin News Today: What is the ARMA Bill and What Does it Mean for BTC? appeared first on 99Bitcoins.
After a steep downturn in early February, the Bitcoin price saw a significant turnaround over the following two months. While the month of May initially continued on this positive note, the premier cryptocurrency seems to have cooled off over the past week — aligning with BTC’s track record of not registering three consecutive months of positive price action during a bear-market year. Interestingly, recent on-chain observations suggest that trouble might be brewing for the Bitcoin price, at least in the near term. Could The Bears Take Over The Bitcoin Market Again? In a new post on the X platform, crypto analytics firm Bitcoin Vector explained that the current waning bullish momentum might be a more damning signal for Bitcoin than it is perceived to be. According to the market intelligence firm, BTC’s price momentum doesn’t have to turn deeply negative before investors pay attention. Related Reading: Bitcoin Price Breaks 14-Year Support For The First Time In History, Analyst Predicts
Bitcoin liquidations surpassed $320 million in longs on May 22 after the SEC unexpectedly delayed its tokenized stock plan. The SEC delayed a plan on May 22 to provide broad exemptions for US crypto firms to trade tokenized assets linked…
