Bitcoin dropped about 3% in 24 hours to US$72,739 (AU$101,107) on Might 28, hitting a six-week low of US$72,669 (AU$101,010) and sitting roughly 42% under its US$126,080 (AU$175,251) all-time excessive. Prediction market Myriad confirmed 27% odds that Bitcoin closes Might under US$70,000, up about 240% in 24 hours; Polymarket’s equalContinue Reading
Bitcoin did not clear its 200-day transferring common close to US$82,400 after rebounding from about US$60,000. CryptoQuant stated the identical moving-average zone acted as main resistance through the 2022 bear market. Weak spot demand, decrease futures momentum and bearish sentiment saved the rebound susceptible to a different pullback. CryptoQuant’s headContinue Reading
Bitcoin rejected the US$78,000-US$79,000 resistance band tracked by Glassnode after briefly approaching US$80,000 in April. Glassnode stated short-term holder realised revenue rose to about US$4 million per hour as latest consumers bought into the rally. Market knowledge confirmed Bitcoin close to US$77,043 on Could 1, with assist clustered round US$65,000-US$70,000Continue Reading
On-chain analyst Willy Woo warned that Bitcoin’s latest restoration towards US$74K is a “bull lure” prone to final till the top of April earlier than the broader downtrend resumes. Bitcoin has declined 46.82% from its October 2025 all-time excessive of US$126K, with Woo putting the asset “solidly in the midstContinue Reading
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