Bitcoin’s stagnant price obscures a deep repricing underway as structural 
supply constraints collide with a looming productivity boom, positioning the 
cryptocurrency to absorb outsized wealth creation, according to ARK Invest CEO 
Cathie Wood. Bitcoin’s Flat Price Masks a Massive Repricing, Says ARK’s Cathie 
Wood Market narratives often misread consolidation as weakness, but ARK Invest 
CEO […]

Ark’s Cathie Wood: Bitcoin’s Calm Is Misread as ‘Coiled Spring’ Economy Prepares to Snap

The significant liquidations highlight the crypto market&#8217;s vulnerability to 
geopolitical tensions, potentially deterring investor confidence.
The post Crypto markets experience $864M in liquidations in 24 hours appeared 
first on Crypto Briefing.

Crypto markets experience $864M in liquidations in 24 hours

Ethereum price started a fresh decline from the $3,400 resistance. ETH is now 
consolidating losses and holding the key support at $3,200. Ethereum started a 
sharp downside correction below $3,320. The price is trading below $3,250 and 
the 100-hourly Simple Moving Average. There was a break below a bullish trend 
line with support at $3,220 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could start a fresh increase if it stays above the $3,180 
zone. Ethereum Price Dips To Support Ethereum price failed to remain stable 
above $3,300 and started a fresh decline, like Bitcoin. ETH price declined 
below $3,280 and $3,250 to enter a bearish zone. There was a break below a 
bullish trend line with support at $3,220 on the hourly chart of ETH/USD. The 
pair even declined below the 50% Fib retracement level of the recent wave from 
the $3,060 swing low to the $3,402 high. The price finally tested $3,180. 
Ethereum price is now trading below $3,250 and the 100-hourly Simple Moving 
Average. If the bulls can protect more losses below $3,180 or the 61.8% Fib 
retracement level of the recent wave from the $3,060 swing low to the $3,402 
high, the price could attempt another increase. Immediate resistance is seen 
near the $3,230 level. The first key resistance is near the $3,250 level. The 
next major resistance is near the $3,280 level. A clear move above the $3,280 
resistance might send the price toward the $3,320 resistance. An upside break 
above the $3,320 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $3,400 resistance zone or even $3,450 
in the near term. More Losses In ETH? If Ethereum fails to clear the $3,250 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $3,200 level. The first major support sits near the $3,180 zone. A 
clear move below the $3,180 support might push the price toward the $3,120 
support. Any more losses might send the price toward the $3,050 region. The 
main support could be $3,000. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is losing momentum in the bearish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $3,180 Major 
Resistance Level – $3,280

Ethereum Price Falls Back to $3,200, Recovery Faces Its First Real Test

Bitcoin price started a fresh decline below $95,000. BTC is consolidating 
losses and remains at risk of more losses if it dips below $92,000. Bitcoin 
started a sharp decline below $95,000 and $94,000. The price is trading below 
$93,500 and the 100 hourly Simple moving average. There was a break below a 
declining channel with support at $93,550 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might continue to move down if it stays 
below the $954000 zone. Bitcoin Price Dips Sharply Bitcoin price failed to 
stay above the $94,500 support and started a fresh decline. BTC declined 
sharply below the $94,000 and $93,500 support levels. There was a move below 
the 61.8% Fib retracement level of the recent wave from the $89,995 swing low 
to the $97,898 high. Besides, there was a break below a declining channel with 
support at $93,550 on the hourly chart of the BTC/USD pair. The price even 
spiked below $92,000. It tested the 76.4% Fib retracement level of the recent 
wave from the $89,995 swing low to the $97,898 high. Bitcoin is now trading 
below $93,500 and the 100 hourly Simple moving average. If the price remains 
stable above $92,000, it could attempt a fresh increase. Immediate resistance 
is near the $93,000 level. The first key resistance is near the $93,500 level. 
The next resistance could be $94,000. A close above the $94,000 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $95,000 resistance. Any more gains might send the price toward 
the $95,500 level. The next barrier for the bulls could be $96,200 and 
$96,400. Downside Continuation In BTC? If Bitcoin fails to rise above the 
$93,500 resistance zone, it could start another decline. Immediate support is 
near the $92,000 level. The first major support is near the $91,800 level. The 
next support is now near the $91,300 zone. Any more losses might send the 
price toward the $90,500 support in the near term. The main support sits at 
$90,000, below which BTC might accelerate lower in the near term. Technical 
indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $92,000, followed by $91,800. Major Resistance 
Levels – $93,000 and $93,500.

Bitcoin Price Sharp Pullback Raises One Question: Will $92K Hold?

The TROVE token generation event is still scheduled to proceed on Monday, 
despite the sudden pivot to Solana.

Cryptocurrency price in ZAR