BTC Markets News

Bitcoin falling to the $50,000 level is being seen as the “last significant accumulation zone” before any sustained recovery, says LVRG Research director Nick Ruck.

A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets.

CryptoQuant data shows there are 8.2 million Bitcoin currently at a loss, which is still under the amount of Bitcoin at a loss during the 2022 bear market.

Bitcoin ended its longest monthly losing streak since 2018 with a green March candle, sparking hopes of a powerful rebound similar to past cycles.

Ongoing accumulation of Bitcoin is likely one of the factors behind why the cryptocurrency is trading in a tight range, say crypto analysts.

BTC faces bull-trap risks due to the formation of a bear flag pattern, with a measured downside target at around $51,000.

“Even after the recent price rally, fundamental and technical indicators still point to a bear market environment,” said CryptoQuant.

A symmetrical triangle breakout and an unfilled CME gap are boosting the case that Bitcoin may revisit $80,000 in March.

Compressed volatility, strengthening ETF flows and a diminished Coinbase discount “are not characteristics of a market accelerating into a fresh leg lower,” said 10x Research.

Crypto markets stabilized after geopolitical shockwaves from US-Israeli air strikes on Iran rattled risk assets.

Bitcoin’s weekly candle closed before a key moving average, breaking a 30-month trend and possibly signalling that new price lows are pending.

With Bitcoin sentiment at four-year lows, analysts have flagged historic oversold signals and potential seller exhaustion.

If Bitcoin posts a loss at the end of this month, it will also mark Bitcoin’s first time ending both January and February in the red.

Bitcoin has seen record realized losses in one of the cryptocurrency’s largest-ever capitulation events as short-term holders sold at steep losses amid its decline.

Bitcoin’s recent moves track liquidity stress more than Fed rate cuts. Here’s how balance sheet policy and cash flows shape crypto markets.