As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some 
market observers outline the key levels that will define the direction of the 
flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are 
On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial 
Levels Over the weekend, Bitcoin fell roughly 4.5% amid geopolitical tensions, 
reaching a one-month low of $74,289 before recovering. On Monday, the leading 
cryptocurrency surged another 1.6%, jumping back above $77,000. Amid this 
performance, Ali Martinez outlined two crucial price levels that will 
determine whether BTC “launches into its next major expansion phase, or if it 
extends its current value reset to offer a premier buying opportunity.” The 
analyst explained that Bitcoin has been in a consolidation phase since the 
February crash, moving within a channel throughout this structural reset, 
allowing the market to build liquidity “before its next definitive move.” 
Notably, BTC is near the upper boundary of its channel following a recent 
rejection at the crucial $82,500 resistance. Martinez noted that buyer 
conviction has been aggressively scaling up as the price tests this level, 
with derivatives traders heavily positioning for a breakout, and funding rates 
recently hitting 0.4%, the highest level in over two months. He previously 
explained that when funding rates climb this high, it signals that the 
derivatives market is “completely dominated by aggressive buyers,” and 
“traders are willing to pay a hefty premium just to maintain their long 
positions” as the predominant market bias remains significantly tilted toward 
an upcoming expansion. Meanwhile, on-chain data shows that some of the largest 
whales have been using this tight range to “rebalance their portfolios,” 
redistributing over 18,447 Bitcoin, worth roughly $1.42 billion. “This supply 
consolidation has placed BTC between resistance at $78,258 and support at 
$75,733,” he stated. Therefore, reclaiming this resistance could trigger a 
rally to $84,569, while losing the key support could send Bitcoin to $66,898. 
More Pain To Come? Other market observers also highlighted the $75,000 and 
$78,000 as the crucial levels in the short and mid-term. Daan Crypto trades 
emphasized that the Bitcoin bull market support band is currently between 
these levels. As BTC has failed to hold the upper boundary of this band as 
support for two consecutive weeks, Daan affirmed that bulls “need to keep 
holding (…) to keep this short/mid timeframe momentum in their favor.” He 
previously warned that falling below the $75,000-$76,000 area and weekly 
closes below it would suggest that the April-May recovery rally was “just a 
big deviation/dead cat bounce.” Meanwhile, Merlijn The Trader noted that 
Bitcoin has been rejected from the 200-Day Moving Average (MA). According to 
the post, this is the same level that capped the 2022 bull trap, which led to 
a 40% correction from that area. Like the other analysts, he affirmed that 
losing the $75,000–76,000 zone would accelerate the move to new lows, with an 
initial target of $67,000, where a CME Gap is located. He also pointed out 
that BTC’s tops tend to end the same way: three bumps on the 21-week SMA 
followed by the market lows Related Reading: HYPE Rally Accelerates Above $60 
As High-Profile Whale Quietly Builds His Position The trader observed that 
after reaching its $69,000 cycle peak in 2021, Bitcoin retested the 21-week 
SMA on three occasions during its correction before reaching its bear market 
bottom. This time, BTC has retested this key indicator twice, suggesting that 
another drop to the “real bottom,” near $50,000, could follow in the coming 
months, if history repeats. Featured Image from Unsplash.com, Chart from 
TradingView.com

As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some market observers outline the key levels that will define the direction of the flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial Levels Over the weekend, Bitcoin fell &#8230;

Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says

The potential Iran deal highlights the complex interplay between military 
actions and diplomatic negotiations, impacting global energy and crypto 
markets.
The post Marco Rubio says Iran deal could take days after US strikes on 
missile sites appeared first on Crypto Briefing.

The potential Iran deal highlights the complex interplay between military actions and diplomatic negotiations, impacting global energy and crypto markets. The post Marco Rubio says Iran deal could take days after US strikes on missile sites appeared first on Crypto Briefing.

Marco Rubio says Iran deal could take days after US strikes on missile sites

Low Bitcoin volatility may signal a potential market shift, offering investors 
cheaper options and a chance to anticipate future trends.
The post Bitcoin volatility falls to nine-month low amid subdued trading 
appeared first on Crypto Briefing.

Low Bitcoin volatility may signal a potential market shift, offering investors cheaper options and a chance to anticipate future trends. The post Bitcoin volatility falls to nine-month low amid subdued trading appeared first on Crypto Briefing.

Bitcoin volatility falls to nine-month low amid subdued trading

A blockchain analyst has warned that malicious phishing advertisements 
impersonating Uniswap have appeared on Google Search, which has netted 
attackers at least $400,000.

A blockchain analyst has warned that malicious phishing advertisements impersonating Uniswap have appeared on Google Search, which has netted attackers at least $400,000.

Scammers make $400K through fake Uniswap ads on Google

Ethereum held near $2,100 as Vitalik denied selling ETH, while analysts 
watched $1,850 support, $2,400 resistance, and lower volatility now.

Ethereum held near $2,100 as Vitalik denied selling ETH, while analysts watched $1,850 support, $2,400 resistance, and lower volatility now.

Ethereum at $2,100 as Vitalik denies selling: rebound next?

Crypto users have continued losing funds to phishing campaigns promoted 
through Google Ads, with attackers now using fake Uniswap websites to steal 
hundreds of thousands of dollars from unsuspecting wallet holders. According 
to on-chain analyst “b-block,” a malicious website impersonating…

Crypto users have continued losing funds to phishing campaigns promoted through Google Ads, with attackers now using fake Uniswap websites to steal hundreds of thousands of dollars from unsuspecting wallet holders. According to on-chain analyst “b-block,” a malicious website impersonating…

Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says

Comments