Bitcoin Price Trades Near $80K as Schiff Sees $75K as Next Level
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Bitcoin Price Trades Near $80K as Schiff Sees $75K as Next Level
TLDR: Bitcoin price fell below $80,000, with reported lows from $79,146 to $79,263, while CoinGlass recorded $239.65 million in BTC liquidations and $820.78 million market-wide. Longs accounted for $223 million, or 93.1%, of Bitcoin liquidations and $686.93 million of crypto-wide closures as leveraged positions unwound. U.S. spot Bitcoin ETFs lost $635.5 million Thursday and $137.9 million Friday; BlackRock’s IBIT and…
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Bitcoin News
Peter Schiff Warns Bitcoin Could Hit $75K After BTC Fell Below $80K
Peter Schiff sees $75K as bitcoin’s next likely stop after its drop below $80K. The warning follows his concerns about weakening technology stocks, extending his bearish outlook as cryptocurrency markets trade through the weekend. Peter Schiff Flags $75K After Bitcoin Breaks Below $80K Bitcoin could test $75,000 after losing the $80,000 threshold, economist and longtime […]
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Bitcoin News
Bitcoin Price Clings to $80K While 9 Moving Averages Favor Bears
Bitcoin’s price is clawing its way back toward $81,000, but the technical picture remains a tug-of-war between determined buyers and stubborn sellers. Trading near $80,274, bitcoin faces immediate resistance at $80,500 to $80,900, while nine moving averages favor the bears. The $79,146 swing low is the critical line in the sand. A decisive break beneath […]