BREAKING
54d 21h ago

Bitcoin Faces Retracement Toward $10,000 as Bloomberg Signals Short-Term Pressure and Saylor’s BTC Bet Echoes Market Discourse

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Bitcoin faces retracement pressure, with the price expected to fall to near $10,000, as Bloomberg Intelligence strategist Mike McGlone stated. The assessment underlines how macro liquidity and risk premia shape crypto cycles, prompting traders to reassess near-term support and risk controls.

At a Miami Economic Club event, Michael Saylor, founder of Strategy, stated: “We used money we couldn’t afford to lose to buy Bitcoin,” a remark that underscores risk-aware capital deployment amid the ongoing crypto cycle.

The market has witnessed a broader shift toward ETFs, regulatory acknowledgement, and deeper adoption, even as the asset universe expands. Estimates place listed cryptos in the tens of thousands, underscoring a diversified ecosystem. As digestion progresses, the near-term risk-return profile may shift for participants.

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