90.6K @FinansBlue On the weekly chart I follow for Bitcoin, the $59,000 channel support appears to be holding for now. If this support breaks, I expect a pullback to around $38,000; in an oversold scenario, I anticipate a dip into the $29‑30 k range followed by a recovery.
Unless there is an unexpected major development that shakes the crypto market, I do not expect the price to drop to $15,000.
🐻In short: institutional sell‑offs continue and the outlook on the bitcoin:native side remains negative. Stay tuned...
90.6K @FinansBlue Bitcoin continues to price near the bottom of the channel around $59,000. First, I expect it to make a reaction rally toward the $70,000 level, after which the downtrend should resume.
📍Technically, the channel floor sits around $38,000, as shown on the chart.
Unless an unforeseen extraordinary event occurs, I do not think the bitcoin:native price will break out of the channel. The most likely scenario is a dip to the $30,000 level followed by a recovery.
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177.6K @wublockchain12 Wu said he learned that ETF Store CEO Nate Geraci, citing Bloomberg, stated that IBIT's asset size had reached $44.4 billion, and after its launch in 2024 it quickly accumulated capital, with average investors recording a 30% return by mid‑2025, but due to the recent sharp pullback in Bitcoin price, investors overall fell into deep losses. Data from Bespoke Investment Group shows that BlackRock's Bitcoin spot ETF (IBIT) average investors are currently at about a 40% loss. Nate Geraci believes this is a cruel entry experience for mainstream Bitcoin investors. https://t.co/jhHwvQseP2
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5.7K @tokenpostkr Bitdeer, this week sold the full 253.9 BTC mining portion.
https://t.co/tdN5Md142t https://t.co/g8MAyyW76D
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
