Bitcoin price analysis: BTC/USD on the verge of another sell-off

We might see another leg down before the market starts recovering.
BTC/USD is squeezed between $3,750 and $3,560.

Tanya Abrosimova Independent Analyst

During early Asian hours, one Bitcoin was changing hands at $3,580, mostly unchanged both on a daily basis and since the beginning of the day. The digital asset No.1 has been rangebound recently as the market gropes for direction. Bitcoin’s market share stays at 52.5%, according to CoinMarketCap.

Meanwhile, experts are worried that Bitcoin could not hold ground after a short-lived attempt to break above $4,000. This development might signal that the coin may retest the recent lows or even proceed lower before the bottom is reached.

“Bitcoin continues to struggle and is in the mid-$3k’s. If prices were oversold, we would have bounced by now. This lethargic base tells us that demand is still incredibly weak and this selloff still hasn’t found a bottom,” analyst Jani Ziedens of the Cracked Market blog commented.

The expert believes that this is a signal that Bitcoin is about to resume the downside.

Looking technically, BTC/USD needs to recover above DMA50, currently at $3,754. However, even stronger hurdle comes at $3,800. It is created by a combination of technical indicators, including 38.2% Fibo retracement level weekly and Bollinger Band 1-day Middle.

On the downside, a sustainable movement below $3,600-$3,560 area will unleash bearish potential and take the price towards $3,300.

BTC/USD, 1-day chart

Author

Tanya Abrosimova

Independent Analyst

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.