Bitcoin's Fragile Calm: Dipping Toward $68K
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Bitcoins price hovers around $68,000, following a failed attempt to reach $70,000. Despite a range of $65,000 to $73,000 since late March, the market has shown weakness, with thin support and low volumes. Glassnode data reveals minimal on-chain activity, indicating a lack of demand for recovery. Big holders are dumping, and the market is relying on macro flows and derivatives bets. Traders are buying options for downside protection, suggesting a potential big drop. Prediction markets give a 68% chance of hitting $65,000 or lower this April. The markets calm is fragile, with key levels to watch closely.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/f00615001b9a27d5