Bitcoin News
By Steven Anderson
1 / 11
Bitcoin (BTC) continues to hover just below its all-time high, unable to sustain a breakout above the critical resistance of $111,970, as traders show increasing signs of…
2 / 11
Bitfinex analysts suggest that the bullish momentum seen in earlier months has stalled. “Bulls are hesitant or unable to push prices significantly higher without fresh catalysts…
3 / 11
Adding pressure to this situation is the looming liquidation risk for short positions. Data from CoinGlass indicates that if Bitcoin were to breach its all-time high, it could…
4 / 11
Since briefly dipping below $100,000 on June 22 amid escalating geopolitical tensions in the Middle East, Bitcoin quickly rebounded, signaling resilience.
5 / 11
While the selling pressure seen in previous weeks has eased, buying interest hasn’t picked up in tandem.
6 / 11
Despite this lukewarm technical picture, social sentiment around Bitcoin has surged. According to blockchain analytics firm Santiment, social media chatter is increasingly…
7 / 11
However, Santiment’s lead analyst Brian Quinlivan warned that such sentiment spikes don’t always translate into upward price action.
8 / 11
The behavior of whales—wallets holding between 10 and 10,000 BTC—also adds another layer of caution.
9 / 11
From a broader perspective, some experts believe Bitcoin is still functioning as a safe-haven asset, similar to gold.
10 / 11
Yet, without clear bullish catalysts—such as major ETF inflows, groundbreaking regulatory news, or macroeconomic shifts—Bitcoin appears stuck.
11 / 11
Until then, the crypto market appears trapped in a holding pattern. As traders wait for confirmation of the next directional move, the risk of either a breakout or a sharp…
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