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The crypto market crash seems to be deepening. CoinGecko data shows that Bitcoin’s (BTC) price has fallen to the $107,000 price level, and the global market cap has dipped 4.4% in the last 24 hours to $3.72 trillion. BTC is barely holding on to the $107k price point. The original cryptocurrency’s trajectory will determine where the larger market goes. CoinGecko highlights that BTC’s price has fallen 3.9% in the last 24 hours, 11.7% in the last week, 10.9% in the 14-day charts, and 7.9% over the previous month. Let’s discuss if Bitcoin’s (BTC) price faces a threat of falling below the $100,000 price level. Source: CoinGecko Will the Market Crash Pull Bitcoin Below $100,000? The latest market crash has been one of the most significant corrections in crypto history. The dip was likely triggered by trade disputes between the US and China. While there was a slight recovery, the rally did not last. According to CoinGlass data, the crypto market has seen more than...

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Bitcoin (BTC) has fallen nearly 10% since its August 14 peak above $124,000, slipping below $110,000 multiple times amid weakening institutional demand. In hindsight, the drop is not so surprising: September is known across equities markets as a poor month for returns and is also known as BTC’s weakest month, yielding average returns of -3.8%, followed by Uptober. This year, capital outflows from spot Bitcoin exchange-traded funds (ETFs) further highlighted the loss of momentum, with $751 million in net redemptions in August. Right now, “digital gold” is hovering around the $100,000 mark, but some macro developments, for example, the weakening of the U.S. Dollar Index (DXY), suggest it might be up for a rebound. BTC price prediction To set a BTC price target for September 30, 2025, Finbold’s AI prediction agent used multiple LLMs to generate an average forecast for improved accuracy while incorporating momentum-based indicators into its context. You can experim...

In recent years, Bitcoin’s (BTC) price has mostly appreciated each Halloween season, and now an artificial intelligence (AI)-enabled Analysis tool, alongside chart patterns, is highlighting a possible continuation of this trend in 2024. Except for 2018 and 2022, the valuation of the maiden cryptocurrency has traded higher on each Halloween day than the year before.  Therefore, to determine if the trend will be replicated in 2024, Finbold leveraged insights from advanced AI algorithms deployed by the crypto analytics and forecasting platform PricePredictions.   Picks for you Perplexity AI predicts Gold price based on analysts’ insights 15 hours ago Expert warns Bitcoin is in a 'bull trap,' sets next BTC price low t...

Bitcoin (BTC) has had a bumpy start to October, with the much-anticipated “Uptober” rally getting off to a slow beginning. However, despite this sluggish start, an analyst sees two major peaks on the horizon, suggesting that Bitcoin’s long-term bullish trajectory remains intact. After briefly dipping below $60,000, Bitcoin rebounded sharply, reclaiming $63,000. This recovery, coupled with promising technical indicators and macroeconomic factors, signals that bulls are still in control, especially with the release of China’s fiscal policy update. Bitcoin is now approaching key price levels, and market momentum is likely to shift based on technical factors and historical patterns. As noted by Cryptocon in an X post on October 11, these dynamics could prove pivotal in shaping Bitcoin’s next moves. Picks for you So...

Bitcoin price has surged 5.6%, hitting a three-week high of $61.1K on Tuesday morning. Altcoins like Celestia, Immutable X, and Near have seen double-digit percentage gains. Crypto stocks have risen modestly ahead of the Fed’s expected rate cut announcement. Bitcoin price has surged to its highest level in three weeks, triggering gains across the cryptocurrency sector and related stocks. It soared 5.6%, reaching $61.1K by 11:55 a.m. ET before pulling back to around $61k. The surge marks a sharp reversal from the quiet start to the week, signalling renewed interest in digital assets. Bitcoin price and crypto market soar ahead of Fed cuts Besides Bitcoin, other major cryptocurrencies have also seen significant gains, with Ethereum (ETH) advancing 4.2% to $2.38K. Notably, some altcoins have outpaced the larger tokens. For example, Celestia (TIA) has seen a 15.7% increase, Immutable X (IMX) has risen by 14.8%, Near Protocol (NEAR) is up 9%, Uniswap (UNI...

  Bitcoin price remains at a risk of a sharp decline to USD 18,800. Ethereum is trading below USD 1,100, XRP is testing the USD 0.320 support. SOL and BNB are accelerating losses, DOGE is in the green. Bitcoin price followed a bearish path below the USD 21,000 level. BTC extended losses and settled below the USD 20,500 level. It is currently (04:09 UTC) consolidating near USD 20,100 and is down 1% in a day and is almost unchanged in a week. Similarly, most major altcoins are trading in a bearish zone. ETH traded below the USD 1,120 and USD 1,100 support levels. XRP tested the key USD 0.32 support. ADA also tested the key USD 0.455 support zone. Total market capitalization Source: tradingview.com Bitcoin price After a close below USD 20,500, bitcoin price extended losses and traded below the USD 20,000 support zone. However, losses were limited and the price is now consolidating above USD 20,000, with an immediate resistance near the USD 20,350 level. The next ...

Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole. Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As some call for new lows and others warns of a difficult few months ahead, there is plenty for bulls to contend with on both long and short timeframes The United States Federal Reserve’s annual Jackson Hole symposium is due this week, while September is already due to form something of a showdown when it comes to Inflation and associated macro price triggers. That could mean fresh volatility across risk assets both during and prior, something weary investors will no doubt not welcome after last week's escapades on BTC/USD. Related: 3 reasons why the Bitcoin price bottom is not i...

Order book data shows bids and asks narrowing as stocks inch higher and the U.S. dollar bounces back from a previous slip. Bitcoin (BTC) stayed strictly rangebound on Aug. 24 as buyers and sellers attempted to spark a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Spot price squeeze on the cards Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $21,500 at the Wall Street open. The pair had seen little action in the 24 hours prior, entering the fifth day of sideways movement within an increasingly tight range. Data from the order book of major exchange Binance uploaded to social media by on-chain monitoring resource Material Indicators hinted that the status quo was frustrating exchange users, including whales. At the time of writing, bids were inching higher towards spot price , while seller interest was building at $21,600. The result could be volatility as liquidity reduces the range in which BTC/USD floats — either to the upsid...

A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support. Bitcoin (BTC) heads into the first week of September on a rocky road downhill after United States markets’ Jackson Hole rout. After the U.S. Federal Reserve reinforced hawkish comments on the Inflation outlook, risk assets sold off across the board, and crypto is still reeling from the aftermath. A fairly nonvolatile weekend did little to improve the mood, and BTC price action has returned to focus on areas below $20,000. In so doing, multiple weeks of upside have effectively disappeared, and in turn, traders and analysts expect a retest of the macro lows seen in June this year. While all is now quiet regarding the Fed until the September rate hike decision, there is still plenty of room for upset as geopolitical uncertainty and inflation persist, the latter still increasing in Europe. However, as last week, Bitcoin appears fundamentally resilient as a netw...

Bitcoin speculators get burned as BTC price action delivers an overnight spike, only to reverse direction and give back all its gains. Bitcoin (BTC) extended volatility into the Sep. 8 Wall Street open as a classic “ short squeeze” sparked new September highs. BTC/USD 1-hour chart. Source: TradingView Bitcoin offers a round trip to $24,400 Data from Cointelegraph Markets Pro and TradingView showed BTC price movements liquidating short s and longs alike. Bitcoin had seen upside momentum the day prior, this culminating in a trip above $26,400 after the daily close. A subsequent comedown nonetheless took BTC/USD full circle, and the pair was back under the $26,000 mark at the time of writing. Welp -- lets take out the lows again then eh? pic.twitter.com/EVeXRnuwJ6 — Jelle (@CryptoJelleNL) September 8, 2023 The result was punishment for late traders chasing the market up and down. According to data from monitoring resource CoinGlass, short liquidations totaled $23.5 million for S...

The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises. Bitcoin (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns.  BTC price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin's longer-timeframe charts against the U.S. dollar. Double-bottoms are bullish reversal patterns that resemble the letter "W" due to two lows and a change in direction from downside to upside. Double-bottom illustrated. Source: ThinkMarkets Bitcoin's decline below $20,000 in July, followed by a sharp recovery toward $25,000 and a subsequent return to the $20,000-level in August, partially confirms the double-bottom scenario. The cryptocurrency would complete the pattern after rebounding toward $25,000. A W-shaped price move in an ideal scenario could be followed by anothe...