Bear Trap Crypto

Bitcoin On-Chain Metrics Fall to Bear Market Levels Despite Price Near All-Time High Summary: Despite Bitcoin hovering above $100,000 and nearing its record high of $111,700, recent data from Glassnode reveals that key on-chain metrics have dropped to levels typically seen during bear markets. The divergence raises concerns about the underlying health of the network…

Bitcoin Bears Take The Wheel — Why $94,000 May Be The Next Critical Zone Summary: Bitcoin’s price has struggled to maintain upward momentum, consolidating within a narrow range despite briefly rising above $108,000. Technical indicators suggest weakening momentum, with $94,000 emerging as a potentially critical support level. Background: Bitcoin Stalls Above $100,000 After briefly reaching…

Bitcoin Bearish Trend May Be Over as Higher Lows Point Toward $115,482 Target Summary: Bitcoin continues to trade above $100,000, defying recent bearish sentiment. Analysts suggest key support levels are holding, with a potential rally toward $115,482 if bullish momentum persists. Background Bitcoin has faced increased volatility in recent days, with trading volumes fluctuating as…

Bitcoin Gets a Billionaire Boost From Mexico’s Third-Richest Man Summary: Mexico’s third-richest individual, Ricardo Salinas Pliego, has increased his Bitcoin holdings despite a recent price drop. The billionaire investor sees the digital asset as a safeguard against inflation and remains undeterred by market volatility. Background: Salinas Doubles Down on Bitcoin Ricardo Salinas Pliego, founder and…