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Bitcoin Plunges Over 7%, Breaking Below $52,900: Weak US Job Data, Institutional Outflows, and Miner Selling Pressure IntensifyBitcoin (BTC) price experienced a significant drop on September 7, plummeting over 7% and breaking below $52,900 for the first time since late July. This sharp decline has sparked widespread concern among investors and cryptocurrency enthusiasts, with many speculating about Bitcoin's next move

Ethereum Faces Selling Pressure: Coinbase Premium Index Plunges, Exchange Supply Rises, Price Could Break Key SupportEthereum (ETH) price has been under sustained pressure recently, falling below $2,400 for the second time in three days. While the wider market may be hopeful that the latest decline marks a bottom, on-chain analysis points to a different narrative

Bitcoin Struggles, but Signs of a Breakout Emerge: Is the Market Ready to Turn?While Bitcoin prices continue to fluctuate within a narrow range, on-chain analysis reveals that trading activity on the Bitcoin network has reached a three-year low, suggesting waning interest in the network. However, some analysts believe this could mean a significant breakout is imminent

Bitcoin's Breakout Above $73,800 Hinges on Bulls Overcoming Sell PressureWhile Bitcoin traders are optimistic about the price breaking free from its recent slump and surging to the $73,800 local resistance level, the reality is less rosy. Buyers need to show considerable conviction before Bitcoin can successfully break through these areas, which could trigger a significant amount of liquidations

BTC Breaks Through Double Resistance in the Short Term, ETH Retraces After Touching Bollinger Band ResistanceYesterday, BTC hit a low of 57093 and a high of 59412, with a fluctuation range of 2319 and a volatility of 4.0%

Ethereum Short-Term Analysis: Resistance Levels Loom, Breakout Crucial for Future DirectionInitial jobless claims fell last week, yet reemployment opportunities remain scarce, hinting at a possibly persistent high unemployment rate in August. However, despite slightly weak economic data, Ethereum has shown signs of a rebound in the 1-hour chart

BTC Breaks Below $60,000, Market Awaits, Altcoin Potential to be ExploredBTC Dips Below $60,000 Overnight, Market Sentiment CautiousEarly this morning, BTC price fell below $60,000, leaving many waking up to find their long positions liquidated. The lower shadow first touched the lower boundary of the box, and we need to observe if the real body rebounds

Crypto Market Rocked by Massive Plunge! Bitcoin Breaks Below $60,000, Over 86,000 LiquidatedThe cryptocurrency market has experienced another massive shakeup, with Bitcoin continuing its sharp decline. Today, Bitcoin has broken through both the $60,000 and $59,000 levels, currently trading at $58,980, down 6

Bitcoin and Ethereum 4H Trend Analysis: Breakdown of the Lower Boundary, Short-Term Correction Risk RemainsBitcoin:The 4H chart for Bitcoin shows that the price has broken below the lower boundary of the range as expected, and there are no signs of a rebound yet. Yesterday we mentioned that the supply within the current range is biased towards selling, so it's highly likely that the price will break below the bottom of the range

Will Ethereum Price Break $2,800? Analyst: Rise to $3,600 is Not Out of the QuestionAccording to Cointelegraph, Ethereum price charts are currently showing a potential rise to levels not seen since the launch of the first spot Ethereum ETF in July. However, analysts say a weekly close above $2,800 is necessary to confirm this move

Bitcoin Breaks $62,000 After Fed Chair Hints at Continued Rate Cuts

Bitcoin Pullback Remains Within Expectations, Ethereum Consolidates for BreakoutBitcoin is currently undergoing a minor pullback. The supply has not significantly increased from its surge to the previous high, indicating a normal adjustment after a failed attempt to break through resistance