Crypto Edge
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A Telegram channel dedicated to cryptocurrency, bitcoin, blockchain, ethereum, altcoins, DeFi, NFTs, and Web3 โ€” featuring trading insights, market analysis, crypto news, and blockchain trends for investors and traders.
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NEW: ๐Ÿ‡บ๐Ÿ‡ธ Senator Cynthia Lummis shares her ambition to be seen as the catalyst for Americaโ€™s embrace of Bitcoin and digital assets. ๐Ÿ‘€

โ€œI hope this spark ignites a lasting flame,โ€ she says. ๐Ÿš€

Source: https://x.com/BitcoinMagazine/status/2070235607641510365

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HISTORY: ๐ŸŸ  In 2011, Hal Finney shed light on Bitcoin mining, unpacking how it actually works and clarifying the inner mechanics of transaction transfers.

Source: https://x.com/fiatarchive/status/2069775801126654014

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HISTORY:

Hal Finney in 2011 breaks down how Bitcoin is created and transferred.

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Bitcoin dropped to a 21-month low of $58kโ€”the first time since September 2024.

Despite the turbulence, BTC managed to close above the $59k support level.
To counter the current bearish momentum, it needs to reclaim $63,200.

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"We're already approaching the cycle bottom," says Jason Pizzino.

Bitcoin has already tested $58K โ€” the top end of his estimated bottom range of $43Kโ€“$58K. Still, he notes that the definitive confirmation of the bear market's end hasn't arrived yet.

๐Ÿ“Œ The critical level this week is $62.5K. If BTC closes below its 200-week moving average, history indicates another 12% downturn could follow โ€” potentially dropping to $51K.

โœ๏ธ Pizzino argues that even if the absolute bottom isn't confirmed, we're likely in the final phase of the bear cycle.

But several key signals still need to line up:

โ€ข No major capitulation volume spike has occurred yet
โ€ข USDT dominance continues to climb, showing capital is still exiting crypto
โ€ข The Fear & Greed Index must move from fear to neutral, and eventually greed, to confirm a new bull cycle

The next few weeks may decide whether Bitcoin is forming a lasting foundation โ€” or faces one final drop before rebounding.

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๐Ÿ“Š Bitcoin hits $59,000

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Bitcoin hits $60,000

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Stay ahead of the curve with fresh Bitcoin insights, emerging trends, and real-time updatesโ€”follow us today!

๐Ÿ“ฃ https://x.com/BTCTimescom

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The Bitcoin whale-to-retail ratio shows that big players have been steering the market since early June.

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Crypto Edge
The bitcoin whale-to-retail ratio shows that large holders have been shaping market trends since early June, highlighting their ongoing dominance in driving movement.

Source: https://x.com/BitcoinzzzCom/status/2069744595647230083

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PlanB Says Bitcoin Could Dip Below $53,000

PlanB, the creator of the Stock-to-Flow model, argues that Bitcoin is likely to form a bottom beneath its Realized Price, which sits around $53,000.

He notes that in prior bear cycles, Bitcoin consistently fell below this level. The current Realized Price is very close to the 200-week geometric moving average, a zone PlanB sees as a key area for bottom formation.

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JUST IN: ๐ŸŸ  BTC has reached a level that, historically, signals the bottom of a bear marketโ€”based on the "Bubble-Free Bitcoin Support Rainbow" chart ๐Ÿ‘€

Source: https://x.com/bitcoinmagazine/status/2070613367572639960

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BTC is approaching a crucial level on the Bubble-Free Bitcoin Support Rainbowโ€”a zone that has historically marked the end of bear markets in past cycles. This threshold has repeatedly coincided with major market bottoms, reinforcing its role as a vital on-chain indicator. #Bitcoin #MarketAnalysis #BTC #OnChainData

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Bitcoin ETFs just hit a recordโ€”but not the one investors were hoping for. This week marked the largest outflow since launch.

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