BTC tests $59K support ahead of key core PCE inflation print
The round $60K mark is no longer the level traders care about. With Thursday's core PCE forecast to print the hottest reading since late 2023, $59K is the support bulls now have to defend.
Live BTC, ETH, and altcoin price moves, support and resistance levels, breakouts, and chart patterns.
The round $60K mark is no longer the level traders care about. With Thursday's core PCE forecast to print the hottest reading since late 2023, $59K is the support bulls now have to defend.
Losing $1.0850 turns it from support into resistance, and a tape that prints lower highs on fading volume does not give buyers a clean shot at $1.10.
The bounce was a stock story, not a crypto one: BTC is still down 5.4% on the week, the dollar is at a seven-month high, and the 200-week moving average is now in play as a longer-term cycle line.
The only other time BTC traded below its 200-week moving average was the FTX collapse. Now Strategy's MSTR sits below $100, a Cardano wallet exploit is draining users, and the Senate's Clarity Act is…
The largest 30-day redemption streak in spot BTC ETF history landed during a price slide, with Fidelity and BlackRock funds leading the exit and institutions framing it as sentiment, not a structural…
The prediction treats SpaceX's pullback to $156 as a base rather than a breakdown, but the model's own bear case concedes the stock already prices in enormous expectations.
A 35% annual drawdown puts Bitcoin on track for one of its worst calendar-year performances since 2018, with the move reflecting broad deleveraging rather than any single catalyst.
Crowdsourced prediction markets are pricing a sub-$55K Bitcoin print as a near-base-case outcome, a level roughly 40% below current spot and one that would unwind the post-ETF rally thesis.
Hayes frames a future AI-driven crash as the trigger that forces central banks to restart liquidity printing, which he argues would reset Bitcoin's path toward $1M.
The break below the long-held $60K floor reframes the tape from consolidation into capitulation, with leveraged longs and thin weekend liquidity amplifying the move.
Record ETF outflows, a negative Coinbase Premium, and a US-session return near -15% over the past month have replaced the institutional bid that powered earlier rallies.
BTC's 3.2% drop came alongside gold and oil giving back hard-asset gains, with Nasdaq up 0.8% the same session, a rotation that veteran hedge-fund manager Philippe Laffont says shows investors now…
The drop leaves the largest corporate Bitcoin holder trading under triple digits while still sitting on a multi-billion unrealized gain at its $75,651 average buy price.
Only the second breach in the model's history, and the first with bitcoin inside a $1.25T institutional market, has split analysts over whether the chart is dead or bitcoin is deeply mispriced.
All three stores-of-value trades are selling off in lockstep as markets price in two Fed rate hikes by March 2027, ending the dominant 2025 narrative that deficits would keep eroding fiat purchasing…
Markus Thielen frames the call around a hawkish Fed under new Chair Kevin Warsh and a strengthening dollar, with a late-August-to-October bottom window guided by global liquidity, the macro calendar…
Spot volumes softened to a nine-month low in May while RWA perpetual futures printed a fresh all-time high, a split that says more about where the bid is rotating than the index's muted daily move.
DOGE still holds an $11.8B market cap and a top-11 slot, but a sideways grind without a fresh catalyst and Musk's social ignition absent leaves the chart with a downside bias.
LTC's history says it bottoms months before each reward cut and rallies into the event. With the July 2027 halving now 13 months out, the cycle setup is lining up, even as the chart sits pinned near…
The AI's call leans on a post-halving rhythm kicking off in November, with CLARITY Act passage and Strategic Bitcoin Reserve accumulation as the load-bearing catalysts.