Bitcoin Cash

bullish

Bitcoin

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As the week draws to a close in the cryptocurrency markets, volatility around <a href="https://en.coin-turk.com/bitcoins-ascent-continues-as-it-gains-wider-acceptance/" rel="noopener noreferrer nofollow">Bitcoin</a>’s price has left investors divided. On the last trading day, Bitcoin briefly retreated to around $79,000, only to rebound on short-lived buying and approach the $80,000 mark again. Market experts emphasize that the immediate direction in the coming days remains unclear, keeping both bullish and bearish traders on edge.<h2 id="key-levels-for-bitcoin-and-analyst-insights">Key levels for Bitcoin and analyst insights</h2>According to analyst IT Tech, Bitcoin needs to hold above $88,880 for a sustained recovery and to quash concerns about setting new lows. The zone between $85,000 and $88,000 is seen by some investors as an ideal range to lock in profits, making it a potential selling area.Meanwhile, John Bollinger, creator of the Bollinger Bands, provided a contrasting viewpoint. Sharing his analysis on X, he noted that trend indicators have turned positive for Bitcoin and that he has adjusted his position accordingly.<blockquote>Bollinger stated in his post that his models gave a bullish signal recently, prompting him to take a position in line with these indicators.</blockquote>Examining the latest data, Bitcoin exchange-traded funds (ETF) saw $277.5 million in outflows on Thursday. According to SoSoValue, this marks the first net outflow for May, signaling that some investors are taking profits or acting cautiously as Bitcoin tests critical resistance levels.<h2 id="altcoin-market-updates-and-support-levels">Altcoin market: Updates and support levels</h2>The recent swings in Bitcoin have also reverberated through the altcoin market. Ether slipped below $2,304, prompting short-term traders to sell and secure gains. The next key support for ETH stands at $2,225, with this level becoming a critical defensive line for buyers.BNB continues to hover near its moving averages, an indication that selling pressure persists. Should a rebound occur, momentum could carry the price to $687, but there is strong selling interest around $790, which may cap any significant upward move.XRP’s price action around its moving averages suggests a balance of power between buyers and sellers. If the price drops below $1.27, downward pressure could linger for a few more days. Conversely, breaking above $1.61 would likely open the doors to a fresh rally.<h2 id="technical-signals-across-major-cryptocurrencies">Technical signals across major cryptocurrencies</h2>Solana faces resistance at $90.73, which has prevented buyers from taking control. Increased buying could trigger a rally up to $98, but if momentum fails to materialize, prices may consolidate within a narrower range.Dogecoin (DOGE) experienced a sharp pullback from the $0.12 level, with short-term traders opting to take profits. The moving average at $0.10 provides near-term support, while resistance could re-emerge in the $0.12 to $0.16 range if buying resumes.Hyperliquid (HYPE) reversed after hitting the $43.76–$45.77 zone, falling back to its 20-day average. A bounce from here increases the probability of a short-term run towards $50, while a breakdown could send prices down to $34.45.<a href="https://en.coin-turk.com/charles-hoskinson-refuses-exchange-listing-fees-for-cardano-projects/" rel="noopener noreferrer nofollow">Cardano</a> (ADA) continues to fluctuate between $0.22 and $0.31. The upward turn in its moving average and a positive reading from the RSI indicate that buyers are regaining dominance, with $0.31 emerging as the next key resistance point should the price push higher.Zcash (ZEC) managed to break the $560 resistance but stalled below $607. If prices reclaim and hold above $607, the next target could be $750. However, closes below $428 may signal stronger selling activity ahead.<a href="https://en.coin-turk.com/bitcoin-cash-price-surges-over-10-as-whales-continue-to-accumulate/" rel="noopener noreferrer nofollow">Bitcoin Cash</a> (BCH) turned down again at $486, with sideways movement near $450 reflecting ongoing market indecision, as seen in the relative strength index readings. The price looks set to remain between $419 and $486 for the short term, with a breakout in either direction likely to spark a new move.The post <a href="https://en.coin-turk.com/bitcoin-drops-to-79000-as-etf-outflows-hit-277-million/" rel="noopener noreferrer nofollow">Bitcoin drops to $79,000 as ETF outflows hit $277 million</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Bitcoin drops to $79,000 as ETF outflows hit $277 million

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