Press "Enter" to skip to content

Tag: coinpedia fintech news bitcoin

As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today

The post As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today appeared com. The post As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today appeared first S. inflation data, bond-market volatility, and renewed ETF inflows. While the broader macro backdrop remains mixed, BTC’s ability to maintain higher-low structures on intraday charts is keeping bullish sentiment alive-but traders are now watching a narrow price window that could determine the BTC price action. With bulls fighting to keep BTC out of danger and a potential bullish reversal waiting far above current levels, traders are asking the same question: Is Bitcoin quietly preparing for its next explosive move, or is the market masking a correction far deeper than anyone expects? Market Overview: BTC Consolidates After a Volatile Macro Week Bitcoin spent the past week navigating sharp macro-driven swings, triggered largely by the hotter-than-expected U. S. PPI print of 2. 7% versus the 2. 6% forecast. The reaction was immediate: BTC briefly slipped toward $85,800, but buyers quickly regained control, pulling the price back into the $86,500-$87,200 consolidation band. On the institutional side, spot Bitcoin ETFs recorded two consecutive days of net inflows, adding roughly $180-$220 million this week, helping stabilize market sentiment after last week’s outflows. Meanwhile, derivatives data show open interest rebounding by nearly 4%, signaling fresh positioning as traders prepare for the next volatility spike. Despite the turbulence, Bitcoin has managed to keep its weekly gains intact, up roughly 1. 8% over the last seven days-a modest but important recovery considering the pressure from macro headwinds. Can BTC Price Defend the $86,800 Support Today? After the recent price crash, the BTC price is trying to stabilize a decent ascending trend along the newly formed ascending trend line formed in the lower timeframes. Although the volume.

Bitcoin Price News: BTC Structure Looks Like Pre-Crash 2022 Pattern

The post Bitcocom. The post Bitco Analysts are closely watching whether price can stabilize here or if weakness will continue. Sentiment remains bearish and technical signals show pressure even as small bounce attempts appear. At the time of writing, Bitcoin is trading slightly above the $95k mark and is down by more than 1% in the last 24 hours. SuperTrend Indicator Near Bearish Flip On the weekly chart, the SuperTrend indicator is close to flipping from bullish to bearish for the first time in years. One analyst said that the last time this happened was near the start of the 2022 bear market, so a confirmed weekly close below $96,000 could be seen as a negative signal for long-term momentum. Bearish Divergence Still Active A strong bearish divergence between price and RSI has been forming for almost a month. This usually means momentum is weakening and a breakout is less likely. Because of this, a fast recovery toward new highs is not expected immediately. Short-Term Bounce Possible but Not Confirmed Indicators show short-term oversold conditions, which can create brief relief rallies. However, the analyst made it clear that there is no confirmed bottom yet. If Bitcoin eventually breaks below the current support range, the next major downside zone is expected around $85,000 to $86,000.. Levels to Watch Moving Forward If Bitcoin bounces, the strongest resistance barrier is $99,000 to $100,000, which previously flipped from support to resistance. Until this level is reclaimed, analysts expect slow, weak, or sideways price action. Final Outlook Bitcoin may remain under pressure for several weeks or even months unless major resistance levels are recovered. The upcoming weekly close.

Sitemap Index