Bitcoin (BTC) plunged into the red after failing to move past the 200-day SMA and the $84,000-$85,000 resistance zone. The flagship cryptocurrency is down over 3% during the ongoing session, struggling to hold above $81,000.
Bitcoin (BTC) has been struggling to break above the 200-day SMA and the $84,000-$85,000 resistance zone. The flagship cryptocurrency has been marginally down over the past 24 hours, trading at around $82,650.
Bitcoin (BTC) ended the week down nearly 2% as it struggles to move past $85,000. The flagship cryptocurrency dipped below $80,000 earlier in the week, falling to a low of $76,985. It rebounded from this level to retake $85,000 as markets bounced on Friday before declining to its current level.
The cryptocurrency market rebounded on Friday as risk appetite returned, lifting prices. As a result, Bitcoin (BTC) jumped from $80,000 to $85,113 before marginally declining and moving to its current level. The flagship cryptocurrency is up over 1% in the past 24 hours, trading around $83,827.
Bitcoin (BTC) is struggling to reclaim $84,000 as price action remains muted despite favorable CPI numbers. The flagship cryptocurrency briefly bounced above $84,000 but lost momentum and dropped towards $81,000. The flagship current is up over 2%, trading just below the $83,000 level.
Bitcoin (BTC) slumped below $82,000 as trade tensions continued to weigh heavy on market sentiments. The flagship cryptocurrency briefly spiked above $84,000 after the CPI report showed softer-than-expected inflation numbers. However, it could not sustain momentum and dipped back towards $83,000.
Bitcoin (BTC) regained ground and surged past $84,000 as inflation data revealed a sharper-than-expected decline, reinforcing hopes the Federal Reserve would ease monetary policy sooner than expected.
Bitcoin (BTC) bounced back above $80,000 despite facing volatility and selling pressure. The flagship cryptocurrency dipped to a low of $76,365 before recovering to its current level.
Bitcoin (BTC) continued to decline over the weekend as volatility and bearish sentiment persisted after President Donald Trump’s executive order to create a strategic Bitcoin reserve disappointed investors. Uncertainty caused by trade tariffs on Canada and Mexico and the risk of a trade war with China also impacted investor sentiment.
Bitcoin (BTC) is struggling to build momentum as it recorded a marginal decline to slip below $86,000. The flagship cryptocurrency has been down nearly 1% over the past 24 hours and is trading at just under the $85,500 level.
Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.
