APENFT

Key onchain metrics reveal that Bitcoin's downtrend may continue with a classic bearish continuation pattern suggesting BTC price could go as low as $63,000.

Bitcoin is seeing a gradual return to buyer interest, but it is large-volume investors leading the way as others remain hesitant after weeks of downside.

Bitcoin price is up today after BTC signaled a bullish technical setup across lower and higher time frames, pushing its value above the $82,000 level.

Bitcoin's “top buyers” are selling heavily, with onchain analytics firm Glassnode calling it a “moderate capitulation event.”

Bitcoin is showing signs of life but a prominent market cycle indicator is at the most bearish level “so far this cycle”, CryptoQuant says.

Bitcoin's correction may be over, supported by derivatives markets, a weak dollar and contagion from the US budget crisis.

Bitcoin price action rebounding past $82,000 was short lived thanks to another US tariff announcement sending crypto and risk assets back to square one.

Declining spot and perp CVD, whale selling and a long-term bearish pattern signal a potential further drop for XRP, which might bottom near the $1.60 range.