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 - NEWSBTC
Ethereum Dives Sharply – $4,000 Break Sparks Concerns Of Extended Downtrend Ethereum price started a fresh decline below $4,050. ETH is now struggling and might decline further if it breaks the $3,850 support zone. Ethereum failed to extend gains and declined below the $4,000 zone. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $3,880 and $3,850. Ethereum Price Dips Further Ethereum price remained in a bearish zone after it settled below $4,250, like Bitcoin. ETH price declined below the $4,120 and $4,050 support levels. The bears even pushed the price below $4,000. A low was formed at $3,826 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. However, the bears remained active near the $3,950 resistance zone. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,000 level. The next key resistance is near the $4,050 level or the 50% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The first major resistance is near the $4,120 level. A clear move above the $4,120 resistance might send the price toward the $4,150 resistance and the trend line. An upside break above the $4,250 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,320 resistance zone or even $4,350 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone. A clear move below the $3,820 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,720 region in the near term. The next key support sits at $3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,820 Major Resistance Level – $4,050
 - Bitcoin Magazine
 - NEWSBTC
Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability Despite recent fluctuations that saw the Bitcoin price retrace nearly 6% on a weekly basis, market expert Timothy Peterson remains bullish on the leading cryptocurrency’s future. The expert, also a Bitcoin author and economist, predicts that there is at least a 50% chance that the Bitcoin price could reach a new all-time high of $200,000 by June 2026, a forecast he shared on social media platform X (formerly Twitter) on Thursday. Optimistic Projections For The Bitcoin Price Peterson’s optimistic outlook is grounded in his analysis of the Median Bitcoin Yearly Price Path chart, which suggests that October typically marks the beginning of a new upward trend for the Bitcoin price, extending through to June of the following year. He elaborated that achieving the $200,000 target would require an average monthly return of approximately 7%, translating to an 120% annualized increase. Furthermore, he noted a 50% or greater likelihood of Bitcoin reaching a new all-time high by early November of this year. Related Reading: All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause? As seen in the chart below, Peterson outlined additionally, two potential bullish scenarios for Bitcoin’s trajectory. The most scenario points toward a surge to a new record of $240,000, while a more conservative estimate suggests a rise toward $160,000. Regardless, these indicators he referenced imply that the remainder of the year and subsequent months of 2026, could be marked by significant price increases for the market’s leading cryptocurrency. However, the broader crypto market performance has not been without its challenges. Investors Brace For Friday’s PCE Data On Thursday, Bitcoin and other cryptocurrencies like Ethereum (ETH), XRP, and Solana (SOL), experienced a downturn as investors shifted their focus to upcoming economic data, particularly following a sharp market correction earlier in the week. Traders are particularly attentive to Friday’s personal consumption expenditure (PCE) data, the Federal Reserve’s (Fed) preferred measure of inflation, which could have implications for future interest rate decisions. When interest rates decrease, more stable investments such as bonds or equities tend to offer lower yields, encouraging investors to seek riskier assets like cryptocurrencies. Related Reading: Ex-Binance CEO CZ Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narrative’ Earlier in the week, a substantial sell-off occurred across the crypto market, marking the largest deleveraging event of the year. On Monday, many digital asset investors unwound bullish positions that had been established after the Fed’s recent quarter-point interest rate cut. Maja Vujinovic, CEO of Digital Assets at FG Nexus, commented on the situation, emphasizing that the recent liquidations stemmed from excessive leverage rather than failing market fundamentals. She noted, “Overheated funding post-Fed left traders exposed; once Bitcoin rolled over, forced unwinds hit ETH and altcoins hard.” Despite the cautious sentiment prevailing in the crypto market this week, Vujinovic pointed out that historical trends suggest these “leverage washes” often pave the way for a healthier market foundation. Featured image from DALL-E, chart from TradingView.com
 - Bitcoin.com
 - NEWSBTC
Bitcoin Price Breaks Down – Support Fails As Traders Question If Bulls Return Bitcoin price extended losses after it traded below $112,500. BTC is now consolidating losses and might decline again to test the $108,500 support zone. Bitcoin started a fresh decline below the $112,500 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $113,000 zone. Bitcoin Price Dips Further Bitcoin price failed to start a recovery wave and stayed below $114,000. BTC declined below the $112,500 and $112,000 support levels to move further into a bearish zone. The decline gained pace below the $111,500 level. A low was formed at $108,680 and the price is now consolidating losses. There was a minor move toward the 23.6% Fib retracement level of the recent decline from the $113,939 swing high to the $108,680 low. Bitcoin is now trading below $112,500 and the 100 hourly Simple moving average. Besides, there are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $109,920 level. The first key resistance is near the $110,500 level and the trend line. The next resistance could be $111,300 or the 50% Fib retracement level of the recent decline from the $113,939 swing high to the $108,680 low. A close above the $111,300 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance. Any more gains might send the price toward the $113,000 level. The next barrier for the bulls could be $114,500. Another Decline In BTC? If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level. The first major support is near the $108,200 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,800, followed by $108,200. Major Resistance Levels – $110,500 and $113,000.
 - Bitcoin.com
 - NEWSBTC
Ethereum Dives Sharply – $4,000 Break Sparks Concerns Of Extended Downtrend Ethereum price started a fresh decline below $4,050. ETH is now struggling and might decline further if it breaks the $3,850 support zone. Ethereum failed to extend gains and declined below the $4,000 zone. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $3,880 and $3,850. Ethereum Price Dips Further Ethereum price remained in a bearish zone after it settled below $4,250, like Bitcoin. ETH price declined below the $4,120 and $4,050 support levels. The bears even pushed the price below $4,000. A low was formed at $3,826 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. However, the bears remained active near the $3,950 resistance zone. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,000 level. The next key resistance is near the $4,050 level or the 50% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The first major resistance is near the $4,120 level. A clear move above the $4,120 resistance might send the price toward the $4,150 resistance and the trend line. An upside break above the $4,250 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,320 resistance zone or even $4,350 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone. A clear move below the $3,820 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,720 region in the near term. The next key support sits at $3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,820 Major Resistance Level – $4,050
 - Bitcoin Magazine
 - NEWSBTC
Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability Despite recent fluctuations that saw the Bitcoin price retrace nearly 6% on a weekly basis, market expert Timothy Peterson remains bullish on the leading cryptocurrency’s future. The expert, also a Bitcoin author and economist, predicts that there is at least a 50% chance that the Bitcoin price could reach a new all-time high of $200,000 by June 2026, a forecast he shared on social media platform X (formerly Twitter) on Thursday. Optimistic Projections For The Bitcoin Price Peterson’s optimistic outlook is grounded in his analysis of the Median Bitcoin Yearly Price Path chart, which suggests that October typically marks the beginning of a new upward trend for the Bitcoin price, extending through to June of the following year. He elaborated that achieving the $200,000 target would require an average monthly return of approximately 7%, translating to an 120% annualized increase. Furthermore, he noted a 50% or greater likelihood of Bitcoin reaching a new all-time high by early November of this year. Related Reading: All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause? As seen in the chart below, Peterson outlined additionally, two potential bullish scenarios for Bitcoin’s trajectory. The most scenario points toward a surge to a new record of $240,000, while a more conservative estimate suggests a rise toward $160,000. Regardless, these indicators he referenced imply that the remainder of the year and subsequent months of 2026, could be marked by significant price increases for the market’s leading cryptocurrency. However, the broader crypto market performance has not been without its challenges. Investors Brace For Friday’s PCE Data On Thursday, Bitcoin and other cryptocurrencies like Ethereum (ETH), XRP, and Solana (SOL), experienced a downturn as investors shifted their focus to upcoming economic data, particularly following a sharp market correction earlier in the week. Traders are particularly attentive to Friday’s personal consumption expenditure (PCE) data, the Federal Reserve’s (Fed) preferred measure of inflation, which could have implications for future interest rate decisions. When interest rates decrease, more stable investments such as bonds or equities tend to offer lower yields, encouraging investors to seek riskier assets like cryptocurrencies. Related Reading: Ex-Binance CEO CZ Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narrative’ Earlier in the week, a substantial sell-off occurred across the crypto market, marking the largest deleveraging event of the year. On Monday, many digital asset investors unwound bullish positions that had been established after the Fed’s recent quarter-point interest rate cut. Maja Vujinovic, CEO of Digital Assets at FG Nexus, commented on the situation, emphasizing that the recent liquidations stemmed from excessive leverage rather than failing market fundamentals. She noted, “Overheated funding post-Fed left traders exposed; once Bitcoin rolled over, forced unwinds hit ETH and altcoins hard.” Despite the cautious sentiment prevailing in the crypto market this week, Vujinovic pointed out that historical trends suggest these “leverage washes” often pave the way for a healthier market foundation. Featured image from DALL-E, chart from TradingView.com
 - BITCOINIST
 - Bitcoin.com
 - NEWSBTC
Bitcoin Price Breaks Down – Support Fails As Traders Question If Bulls Return Bitcoin price extended losses after it traded below $112,500. BTC is now consolidating losses and might decline again to test the $108,500 support zone. Bitcoin started a fresh decline below the $112,500 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $113,000 zone. Bitcoin Price Dips Further Bitcoin price failed to start a recovery wave and stayed below $114,000. BTC declined below the $112,500 and $112,000 support levels to move further into a bearish zone. The decline gained pace below the $111,500 level. A low was formed at $108,680 and the price is now consolidating losses. There was a minor move toward the 23.6% Fib retracement level of the recent decline from the $113,939 swing high to the $108,680 low. Bitcoin is now trading below $112,500 and the 100 hourly Simple moving average. Besides, there are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $109,920 level. The first key resistance is near the $110,500 level and the trend line. The next resistance could be $111,300 or the 50% Fib retracement level of the recent decline from the $113,939 swing high to the $108,680 low. A close above the $111,300 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance. Any more gains might send the price toward the $113,000 level. The next barrier for the bulls could be $114,500. Another Decline In BTC? If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level. The first major support is near the $108,200 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,800, followed by $108,200. Major Resistance Levels – $110,500 and $113,000.
 - CoinDesk