Bitcoin

Bitcoin is currently facing a pivotal moment in its trajectory, with the price recently being rejected at $62,000. This rejection has created a sense of uncertainty in the market, as both bulls and bears are embroiled in a fierce battle for dominance. While bullish sentiments are still prevalent, the emergence of the bears has sparked
The recent decline in the Bitcoin price can be attributed to major sell-offs that have been impacting the market. Notably, large government entities such as the German and US governments have been selling substantial amounts of BTC. The German government recently sold around 2,786 BTC worth approximately $140 million. Similarly, the US government moved almost
Bitcoin, the pioneer cryptocurrency, is currently facing a critical juncture in its journey as it struggles to maintain its price above the $61,000 support level. This comes after a remarkable surge in the first half of 2024, where it breached the significant $71,000 mark, eliciting appreciation and speculation from the investor community. Conflicting Views The
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends. The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As of the