A new video appears to show what happened before and during Saturday's fatal shooting in Minneapolis. A federal officer shoves ...
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The Bitcoin price is showing signs of history repeating itself, as current price action mirrors key patterns from the 2021 cluster. With resistance near $91,000–$92,000 and the macro downtrend looming, traders are watching closely to see if BTC will break higher or face renewed pressure. The coming days could prove decisive in shaping the next major move. Bitcoin Mirrors 2021 Cluster: History In Motion Bitcoin continues to mirror the price patterns seen during the 2021 cluster. Crypto analyst Rekt Capital noted that the current market structure is echoing historical behavior, suggesting that similar dynamics are at play. Traders are closely watching these familiar patterns to gauge whether the cycle is repeating itself or if new trends may emerge. Related Reading: Bitcoin Stuck In Bear Mode For 83 Days: Trend Pulse Confirms Structural Weakness The rules of the game remain consistent. A bearish acceleration would likely be triggered if Bitcoin breaks down from the macro descending triangle base, currently positioned around $82,000. Conversely, a bullish bias would require a decisive break above the macro downtrend, which sits near $100,000. These levels serve as critical decision points for the market, dictating whether bulls or bears gain control in the coming sessions. So far, Bitcoin has encountered rejection in the high $90,000s, falling just short of the macro downtrend. This mirrors previous market behavior, in which the asset developed a basing structure near the triangle’s base before attempting to push higher toward the downtrend’s upper boundary. It demonstrates that history is repeating itself for now, with the market consolidating and preparing for its next directional move. If the macro downtrend continues to act as resistance, the triangle’s base may gradually weaken over time. Such a development would increase the risk of further downside, making the reaction at both the base and the downtrend crucial. BTC Surpasses $91,000 Before Facing Selling Pressure In a recent market update by Ted, it was noted that while Bitcoin broke above the $91,000 threshold yesterday, the rally met significant resistance. Sellers entered the market with substantial force at these local highs, effectively capping the momentum and preventing a sustained breakout. Related Reading: Bitcoin Price Sharp Pullback Raises One Question: Will $92K Hold? As a result of this rejection, Bitcoin has retreated into the “no-trading zone.” Ted suggests that this period of sideways price action is likely to persist through the next couple of days, largely driven by the typical low-liquidity environment seen during the weekend. Looking ahead, the outlook remains cautious. Ted emphasizes that any upward movements will likely be short-lived until BTC can decisively clear the $91,000 to $92,000 resistance zone. Meanwhile, such a move must be backed by strong spot demand to prove its validity. Featured image from Pixabay, chart from Tradingview.com
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Looking for help with today's NYT Strands puzzle? Here's an extra hint to help you uncover the right words, as well as all of today's answers and Spangram.
Nollywood filmmaker Stephanie Linus has raised an alarm over a fake AI-generated video circulating online. She recently warned Nigerians to avoid falling victim to the clip that uses her identity to promote an investment scheme. Stephanie simply shared screenshots of the supposed news broadcast, outlining steps the public can take to help stop the spread [...]Source from InfoStride News
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