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Crypto
Bitcoin rally loses steam; further correction possible if it breaks below $74,000
Bitcoin’s upward momentum is weakening after it failed to settle above $82,000 and slid to as low as $76,000, an analysis said. The market is watching $74,000 to $76,000 as a key support zone, with $78,000 acting as near-term resistance. If support breaks, attention could shift to $72,000 and $70,000, with deeper declines possible. Several momentum indicators have also turned lower in recent days.
Crypto
Bitcoin holds up despite highest U.S. CPI since 2023; $80,000 support seen key
Bitcoin (BTC) increased volatility around $81,000 after a U.S. inflation report. U.S. April CPI rose 3.8 percent from a year earlier, the highest since 2023, Cointelegraph reported. Energy prices drove much of the increase. The CPI data also shook expectations for Federal Reserve policy, with commentary pointing to a rising chance of a shift toward rate hikes. Traders highlighted $78,800 as support and $82,600 as resistance.
Crypto
Bitcoin bullish signals reignite, $78,000 break a watershed
Bitcoin is recovering and technical indicators are flashing bullish signals, with traders focused on whether it can break back above $78,000 and turn it into support. Market participants are also watching whether the area around $75,000 can form a new floor after the rebound from multi-year lows below $60,000. Some caution that indicators alone do not confirm a trend reversal, citing uncertainty tied to the United States and the Israel-Iran war.
