Bitcoin price started a fresh decline below the $75,500 zone. BTC is 
consolidating and might struggle to stay above the $74,000 support. Bitcoin 
failed to stay above $76,000 and extended losses. The price is trading below 
$75,500 and the 100 hourly simple moving average. There is a bearish trend 
line forming with resistance at $74,850 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might extend losses if it stays below 
the $75,000 and $75,500 levels. Bitcoin Price Dips Further Bitcoin price 
failed to stay above the $76,200 support zone. BTC remained in a bearish zone 
and extended losses below the $75,800 level. There was a move below the 
$75,500 level. The price even dipped below $75,000. A low was formed at 
$74,050 and the price is now consolidating losses. It is still struggling 
below the 23.6% Fib retracement level of the downward move from the $77,810 
swing high to the $74,050 low. Bitcoin is now trading below $75,000 and the 
100 hourly simple moving average. If the price remains stable above $74,000, 
it could attempt a fresh increase. Immediate resistance is near the $74,800 
level. There is also a bearish trend line forming with resistance at $74,850 
on the hourly chart of the BTC/USD pair. The first key resistance is near the 
$75,500 level. A close above the $75,500 resistance might send the price 
further higher. In the stated case, the price could rise and test the $75,950 
resistance or the 50% Fib retracement level of the downward move from the 
$77,810 swing high to the $74,050 low. Any more gains might send the price 
toward the $76,400 level. The next barrier for the bulls could be $77,800. 
More Losses In BTC? If Bitcoin fails to rise above the $75,950 resistance 
zone, it could start another decline. Immediate support is near the $74,000 
level. The first major support is near the $73,500 level. The next support is 
now near the $73,200 zone. Any more losses might send the price toward the 
$72,000 support in the near term. The main support now sits at $70,000, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $74,000, followed by $73,500. Major Resistance Levels – 
$74,850 and $75,950.

Bitcoin price started a fresh decline below the $75,500 zone. BTC is consolidating and might struggle to stay above the $74,000 support. Bitcoin failed to stay above $76,000 and extended losses. The price is trading below $75,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $74,850 &#8230;

Bitcoin Price Extends Decline Rapidly As Key Supports Collapse

BTC spot volume has plunged across major exchanges, reviving comparisons with 
the late-stage bear market conditions that preceded the 2023 recovery. Binance 
activity fell from $198.6 billion to $36.4 billion, part of a broad market 
slowdown. Volume Collapse Revives 2023 Bitcoin Cycle Comparison On-chain and 
market data analytics platform Cryptoquant shared an insight on May […]

BTC spot volume has plunged across major exchanges, reviving comparisons with the late-stage bear market conditions that preceded the 2023 recovery. Binance activity fell from $198.6 billion to $36.4 billion, part of a broad market slowdown. Volume Collapse Revives 2023 Bitcoin Cycle Comparison On-chain and market data analytics platform Cryptoquant shared an insight on May &#8230;

BTC Volume Collapse Echoes Setup Before 2023 Bullish Recovery

Persistent energy inflation due to geopolitical tensions may delay Fed rate 
cuts, impacting global economic stability and monetary policies.
The post Fed&#8217;s Goolsbee cites persistent energy inflation amid Iran war impact 
appeared first on Crypto Briefing.

Persistent energy inflation due to geopolitical tensions may delay Fed rate cuts, impacting global economic stability and monetary policies. The post Fed&#8217;s Goolsbee cites persistent energy inflation amid Iran war impact appeared first on Crypto Briefing.

Fed’s Goolsbee cites persistent energy inflation amid Iran war impact

Bitcoin’s underperformance of stocks deepens as BTC miners pivot to AI and 
pro-crypto regulation in the United States stalled.

Bitcoin’s underperformance of stocks deepens as BTC miners pivot to AI and pro-crypto regulation in the United States stalled.

Bitcoin falls further as BTC miners pivot to AI, pro-crypto legislation stalls

This case highlights the legal risks of using insider information in 
decentralized markets, emphasizing the need for regulatory oversight.
The post Google engineer charged with using inside information to win $1.2M on 
Polymarket appeared first on Crypto Briefing.

This case highlights the legal risks of using insider information in decentralized markets, emphasizing the need for regulatory oversight. The post Google engineer charged with using inside information to win $1.2M on Polymarket appeared first on Crypto Briefing.

Google engineer charged with using inside information to win $1.2M on Polymarket

CXMT&#8217;s IPO could bolster China&#8217;s semiconductor self-reliance, but may trigger 
short-term market liquidity issues and geopolitical tensions.
The post ChangXin Memory Technologies secures IPO approval to raise over $5B 
appeared first on Crypto Briefing.

CXMT&#8217;s IPO could bolster China&#8217;s semiconductor self-reliance, but may trigger short-term market liquidity issues and geopolitical tensions. The post ChangXin Memory Technologies secures IPO approval to raise over $5B appeared first on Crypto Briefing.

Bitcoin Price Extends Decline Rapidly As Key Supports Collapse

Comments