US cleared to sell $6.5B in Bitcoin — Will it crash BTC price?
US government holds about $18.50 billion worth of Bitcoin, which it may sell entirely ahead of Donald Trump’s presidency.
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US government holds about $18.50 billion worth of Bitcoin, which it may sell entirely ahead of Donald Trump’s presidency.
Bitcoin’s failure to break through a critical resistance level has heightened the risk of a potential decline toward $81,500.
The Bitcoin market has yet to reach the unsustainable euphoria typically observed at the peaks of previous BTC price bull runs.
Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.
Lekker Capital chief investment officer Quinn Thomspon says this week’s Bitcoin dip shows a “clear invalidation” when compared to previous price stumbles.
Veteran trader Peter Brandt’s warning to crypto traders suggests Bitcoin could fall into a deeper downtrend.
Bitcoin price technical setups, including a “cup and handle” pattern, suggest an explosive move to $100,000-$150,000 over the coming months.
The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States.
Institutions are buying as Bitcoin dips under $60,000 strengthens the long-term bullish outlook for BTC price.
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.
