A mysterious whale moved $588 million in Bitcoin to exchanges, sparking fresh fears of a deeper BTC price drop that could test $100,000 support
Bitcoin’s valuation indicator showed BTC entering an “undervaluation phase” and a potential local bottom, pointing to a near-term price rebound.
Escalating tensions between the US and China, Trump digging in on tariffs and Bitcoin traders avoiding long leverage could push BTC price to new lows.
Bitcoin erased its gold divergence to bounce at $106,000, closing the weekend’s CME futures gap, but left traders unimpressed.
Bitcoin returned to $110,000 after bouncing at the weekend’s CME futures gap, contrasting with 5.5% daily losses and a potential double top for gold.
Solana price data strongly suggests that the recent correction to $174 was a buy-the-dip opportunity as traders eye a rally to $250.
Ether ran into resistance at $4,000 as the absence of new buyers and weak spot Ethereum flows threatened ETH price dropping to $3,100 next.
Bitcoin price dropped 2.5% on Tuesday in an attempt to fill the latest weekend CME futures gap, while traders warned that $100,000 could fail as support.
Crypto futures traders are returning to the market and opening fresh positions as Bitcoin, SOL and ETH rallied into overhead resistance levels.
Musk’s tweets ignited DOGE’s meteoric 2021 rally, and with bullish signals returning, the memecoin might be gearing up again.