Bitcoin Cools Its Comeback With a Dip to $95,500
Cointelegraph
Bitcoin dipped below $96,000 as geopolitical tensions eased, with traders watching the critical $94K support level.Summary
Bitcoin (BTC) experienced a sell-off at the US open, dropping below $96,000 to hit lows near $95,563, diverging from gains in stocks and precious metals following reports of de-escalating geopolitical tensions between the US and Iran. Analysts emphasize that it is critical for bulls to maintain the $94,000 region as support; a drop below this level would be concerning, with the next major technical hurdle being the 200-day exponential moving average (EMA) near $99,555. Furthermore, onchain data from CryptoQuant indicates that short-term holders (STHs) have begun selling at recent highs, sending significant amounts of BTC to exchanges in profit, suggesting more upside confirmation is needed to restore their confidence.
(Source：Cointelegraph)