Bitcoin News
By MikeT
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A Breakdown in Bullish Momentum. According to on-chain analyst Burak Kesmeci, Bitcoin is showing clear signs of weakening momentum.
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Technical Weakness Signals Further Downside. BTC’s Relative Strength Index (RSI), a widely used momentum indicator, has also dropped to 41.
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Leverage Signals Are Flashing Red. Beyond technical analysis, derivatives data is also painting a bearish picture.
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Network Metrics Highlight Demand Gap. The bearish outlook is further reinforced by Bitcoin’s rising Network Value to Transactions (NVT)…
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Cautious Optimism Amid the Bear Case. Despite the gloomy signals, some traders remain cautiously optimistic.
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Bitcoin (BTC) is once again under pressure after a volatile weekend that saw the world’s leading cryptocurrency slip from $105,000 to nearly $100,000, before staging a mild…
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The recent price action has unfolded against the backdrop of mounting geopolitical unrest, particularly following coordinated U.S.–Israel airstrikes on Iranian targets.
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At the time of writing, Bitcoin is trading around $102,000, a modest bounce from the weekend low of just under $100K. However, analysts suggest the rebound may lack staying power.
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Bitcoin’s current price below this zone suggests that it’s now trading beneath its fair value range.
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BTC’s Relative Strength Index (RSI), a widely used momentum indicator, has also dropped to 41.59, reflecting increasing bearish pressure.
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Analysts argue that if BTC continues on this path, the logical next stop is the Value Area Low (VAL) of the FVRP, which is estimated around $93,000 to $94,000.
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Beyond technical analysis, derivatives data is also painting a bearish picture. Metrics from Checkonchain reveal that Bitcoin has entered a leveraged sell-off zone.
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Unless there's a surprise short squeeze or a surge in spot demand, the heightened leverage poses continued downside risk.
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In simple terms, Bitcoin’s recent bounce appears to be lacking in organic, transaction-driven demand.
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Despite the gloomy signals, some traders remain cautiously optimistic. The brief recovery from $100K back to $102K shows that buyers are still present—albeit tentatively.
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