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Bitcoin has been consolidating above the crucial $80K support level, going through substantial uncertainty. However, this range is expected to hold, potentially leading to a bullish reversal. Technical Analysis By Shayan The Daily Chart Bitcoin has been moving sideways above the $80K key support zone, which includes the 0.5-0.618 Fibonacci retracement levels and the ascending channel’s lower boundary. This area is a critical psychological and technical support, likely filled with buying interest. However, if sellers gain control and push the price below, a wave of long liquidations could trigger substantial declines. The next major trend will depend on Bitcoin’s price action around the $80K zone. Source: TradingView The 4-Hour Chart On the lower timeframe, Bitcoin faced selling pressure at the upper boundary of its descending channel, resulting in a sharp rejection. The price is now testing short-term support at $83K, aligning with a previous swing low. While some buying interest may emerge, overall market momentum remains weak, with sellers still in control. If buyers fail to defend this level, a drop toward the channel’s mid-boundary at $79K will become likely. Conversely, a breakout above the descending channel’s upper trendline could trigger a rally toward $93K. Source: TradingView On-chain Analysis By Shayan This chart illustrates the Miners’ Position Index (MPI), a key metric that measures the ratio of total miner outflow to its one-year moving average. Elevated MPI values indicate heightened selling pressure from miners, which can signal potential price declines. Currently, the MPI remains below zero, suggesting no significant miner-driven selling pressure. Although the total number of Bitcoins held by miners continues to decline gradually, the USD value of their holdings has been trending steadily upward. This trend implies that miners remain confident in their operations. While their BTC reserves are shrinking, their USD-denominated value is increasing, reducing the incentive for mass liquidations even amid market downturns. This behavior suggests that the ongoing correction is more likely a deep consolidation phase rather than the start of a bear market. Source: CryptoQuant The post Bitcoin Price Analysis: Is BTC About to Plunge Below $80K? appeared first on CryptoPotato .
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Small Market Rebound Leaders – Will Hyperliquid (HYPE) And Helium (HNT) Continue Their Upward Trend Today?
Hyperliquid (HYPE) and Helium (HNT) have seen notable gains recently. The focus now shifts to whether these digital assets can maintain their upward momentum. Market enthusiasts are eagerly watching to see if these coins will continue to rise. Dive into the following analysis to uncover whether these emerging leaders will sustain their growth. Hyperliquid HYPE: Monthly Downturn and 6-Month Bounce Within an Active Range HYPE dropped 19.32% over the last month while recovering 21.82% in the past six months. A one-week loss of 6.29% highlights recent short-term weakness despite the medium-term upward trend. Price movements during these periods reveal volatility, showcasing both the coin`s challenges and its capacity to rebound, reflecting a balance between bearish pressure and underlying strength. Price currently trades between $9.68 and $18.70. Immediate resistance lies at $24.40 with support at $6.38 and a second resistance at $33.41. Bearish signals from momentum and oscillator indicators contrast with an RSI nearing neutral levels. Traders may look to capitalize on movements within these ranges while carefully watching for breakout cues. Helium Prices Under Pressure: Key Levels Spark Trading Insights Helium has faced a significant decline over the past six months, dropping nearly 60%, while the last month saw a further decrease of about 10%. The price trend has shown a consistent downward movement, contributing to reduced investor confidence and lower trading volumes. The overall bearish sentiment has persisted, making it challenging for prices to recover momentum. Current trading levels show Helium nestled between a support of approximately $1.55 and a resistance around $4.38, with a trading range between $2.30 and $3.71. Bears are firmly in control, as negative momentum is present and the RSI hovers near 41, indicating a lack of upward movement. Traders may consider short positions, looking to buy near the support level and taking profits as prices approach the resistance. Conclusion Hyperliquid (HYPE) and Helium (HNT) have shown notable gains recently. If they maintain momentum, further growth is possible. HYPE benefits from increased trading interest, while HNT focuses on expanding its network. Investors might observe performance closely to gauge future trends. The coming days will be crucial in determining if these tokens can sustain their progress. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Crypto Potato
US DOJ scraps crypto crime team under Trump’s new policy era
The DOJ`s shift away from crypto crime enforcement may foster a more innovation-friendly environment but raises investor protection concerns. The post US DOJ scraps crypto crime team under Trump’s new policy era appeared first on Crypto Briefing . Crypto Potato
