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Bitcoin dropped to a 21-month low of $58k—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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Crypto Edge
Bitcoin dropped to a 21-month low of $58k—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.
🔥
Crypto Edge
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"We're already approaching the cycle bottom," says Jason Pizzino.
Bitcoin has already tested $58K — the top end of his estimated bottom range of $43K–$58K. Still, he notes that the definitive confirmation of the bear market's end hasn't arrived yet.
📌 The critical level this week is $62.5K. If BTC closes below its 200-week moving average, history indicates another 12% downturn could follow — potentially dropping to $51K.
✏️ 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:
• No major capitulation volume spike has occurred yet
• USDT dominance continues to climb, showing capital is still exiting crypto
• 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 — or faces one final drop before rebounding.
🔥
Crypto Edge
Bitcoin has already tested $58K — the top end of his estimated bottom range of $43K–$58K. Still, he notes that the definitive confirmation of the bear market's end hasn't arrived yet.
📌 The critical level this week is $62.5K. If BTC closes below its 200-week moving average, history indicates another 12% downturn could follow — potentially dropping to $51K.
✏️ 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:
• No major capitulation volume spike has occurred yet
• USDT dominance continues to climb, showing capital is still exiting crypto
• 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 — or faces one final drop before rebounding.
🔥
Crypto Edge
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Stay ahead of the curve with fresh Bitcoin insights, emerging trends, and real-time updates—follow us today!
📣 https://x.com/BTCTimescom
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📣 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 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
Crypto Edge
Source: https://x.com/BitcoinzzzCom/status/2069744595647230083
Crypto Edge
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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Crypto Edge
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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Crypto Edge
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JUST IN: 🟠 BTC has reached a level that, historically, signals the bottom of a bear market—based on the "Bubble-Free Bitcoin Support Rainbow" chart 👀
Source: https://x.com/bitcoinmagazine/status/2070613367572639960
Crypto Edge
Source: https://x.com/bitcoinmagazine/status/2070613367572639960
Crypto Edge
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BTC is approaching a crucial level on the
Crypto Edge
Bubble-Free Bitcoin Support Rainbow—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 #OnChainDataCrypto Edge
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Step straight into VIP2 and enjoy exclusive benefits: priority withdrawals, special trading bonuses, and perks designed for newcomers.
Don’t wait—this offer expires June 30.
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🐷
Bitcoin ETFs just hit a record—but not the one investors were hoping for. This week marked the largest outflow since launch.
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Crypto Edge
Bitcoin ETFs just hit a record—but not the one investors were hoping for. This week marked the largest outflow since launch.
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Crypto Edge
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Grab a limited-time VIP2 trial, claim your transfer bonuses, and enjoy special rewards designed just for new users.
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Michael Saylor teases further Bitcoin purchases ahead.
"We’re gonna need more charts." — a subtle nod to unshakable belief
#Bitcoin #Crypto #SaylorUpdate
Crypto Edge
"We’re gonna need more charts." — a subtle nod to unshakable belief
#Bitcoin #Crypto #SaylorUpdate
Crypto Edge
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