Crypto

Bitcoin faces test holding $80,000 as profit-taking rises and buying stays muted

Bitcoin is failing to settle above $80,000 and is showing a price pattern sensitive to selling pressure. Analysis cited by Cointelegraph says the market is not fully absorbing profit-taking by investors who have moved into gains. CryptoQuant data shows long-held coins moving on-chain and SOPR rising, pointing to more transfers in profit. U.S. buying remains muted as the Coinbase premium stays mostly negative, with ETF inflows seen as a potential source of demand.

Crypto

Bitcoin rally still unclear; regaining $66,000-$67,000 seen as key

Bitcoin appears to have stopped falling around $64,000, but analysts say it is too early to call the start of a new bull market. U.Today reported the market looks more like a bottom-finding phase than a shift into a long-term uptrend. Technical levels show bitcoin below key medium- and long-term resistance, while momentum and on-chain indicators remain mostly weak or neutral. Analysts say bitcoin needs to reclaim $66,000 to $67,000 and then break the 200-day moving average near $72,017.