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Crypto
Bitcoin holds near $81,000; analyst says reclaiming $82,580 is turning point
Bitcoin is holding around $81,000 after failing again to break above the 200-day exponential moving average, prompting warnings it could slide toward around $60,000. Market participants are watching the 200-day simple moving average near $82,580 as a key resistance level. Analysts cited prior failures to clear that line and the size of subsequent pullbacks. Some signals point to further weakness, while others cite a rebound from the 200-week average and continued whale accumulation.
Crypto
Bitcoin on-chain metrics improve, $92,000 in play if it breaks $84,000
Bitcoin has reclaimed the $81,000 level, with on-chain indicators pointing to a short-term target around $92,000. Data tracked by Glassnode put the short-term holder cost basis near $79,000, a level that has often coincided with reduced selling pressure when regained. Analysts cited $82,000 to $84,000 as a key supply zone and resistance. A break above that area could open room for further gains, while large sell orders are clustered in the same range.
Crypto
Bitcoin slides 7 percent over weekend; is this drop the bottom?
Bitcoin dropped more than 7 percent over the weekend to as low as $77,000, and some have raised the possibility that the move could mark the bottom of the current cycle, Cointelegraph reported. Analysts linked the decline to U.S. President Donald Trump nominating former Fed governor Kevin Warsh as the next chair and to an explosion at Iran\'s Bandar Abbas port. Views on the floor level were mixed.