• About Us
  • FAQ
Social icon element need JNews Essential plugin to be activated.
Login/Registration
Blog
  • Home
  • Blog
    • Guide
    • Regulation
    • Ripple
  • Market
  • Blockchain
  • Bitcoin
  • Ethereum
  • Reviews
  • Contact Us
No Result
View All Result
  • Home
  • Blog
    • Guide
    • Regulation
    • Ripple
  • Market
  • Blockchain
  • Bitcoin
  • Ethereum
  • Reviews
  • Contact Us
No Result
View All Result
Blog
No Result
View All Result

Bitcoin falls below key support level, with crypto ‘whales’ slow to buy

By Frances Yue

The No. 1 cryptocurrency by market capitalization may decline toward $60,000

Related articles

Bitcoin Breakout Is A Trap—Analyst Predicts Pain Before $160,000 Surge

October 15, 2025

Ethereum’s comeback strategy — Foundation exec reveals what’s next

October 15, 2025

Bitcoin has fallen below its 50-day average of around $65,800, an important support level, signaling a potential correction of 8% to 12%, according to analysts at CryptoQuant. The coin may decline toward $60,000, the analysts noted.

The No. 1 cryptocurrency (BTCUSD) by market capitalization dropped 2% on Tuesday to around $64,625, according to Dow Jones Market Data. Bitcoin has gained over 50% so far this year but is still down more than 12% from its all-time high of $73,798, reached in March.

The $60,000 level defines the bottom of a trading range with its top at around $71,600, according to Katie Stockton, founder and managing partner at Fairlead Strategies.

“Long-term momentum is positive, so we keep a bullish bias with the assumption that the uptrend will eventually regain its hold,” Stockton wrote in a Monday note.

Still, bitcoin seems to be losing upward momentum in the short term, although its downside appears limited, the analysts at CryptoQuant noted. According to on-chain data, traders have been decreasing their bitcoin holdings since late May.

In particular, demand from so-called whales, or large holders of bitcoin, has been lacking strength, the analysts noted. Whale holdings are increasing at a monthly rate of 4.8%, up from a 2.4% growth rate at the end of May, according to the analysts, but much lower than the 6% to 10% monthly growth rate of whale demand when bitcoin rallied in the first quarter.

Bitcoin’s recent weakness was partly a result of marketwide repricing following the Federal Reserve’s cautious stance on rate cuts at its June meeting, noted Jake Ostrovskis, an over-the-counter trader at Wintermute. The Fed projected one rate cut for the rest of the year, according to the dot-plot forecast released last week. Still, fed-fund-futures traders are pricing in two cuts by the year-end, according to the CME FedWatch Tool.

“Current bearish sentiment may be short-lived as global central banks, like the Bank of Canada and the European Central Bank, have already initiated rate cuts, suggesting a global shift towards monetary easing,” Ostrovskis wrote in a Monday note.

-Frances Yue

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

Previous Post

Bitcoin ‘Banana Zone’ is next if these 3 indicators play out

Next Post

Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat;background-size:cover;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"][jnews_widget_about compatible_column_notice="" align="" aboutimg="405" aboutimgretina="399"][vc_column_text]We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.[/vc_column_text][/jnews_widget_about][jnews_footer_social compatible_column_notice="" icon_hover_background="#fcb11e" icon_text_hover_color="#191818"][/vc_column][vc_column width="1/4"][vc_wp_categories title="Categories tes"][/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"][jnews_footer_header compatible_column_notice="" first_title="Newsletter"][vc_column_text][elementor-template id="267"][/vc_column_text][/vc_column][vc_column el_class="jeg_aligncenter"][vc_empty_space height="30px"][vc_separator color="custom" accent_color="rgba(255,255,255,0.15)"][jnews_footer_menu][vc_column_text css=".vc_custom_1711003105553{margin-bottom: 0px !important;}" el_class=".copyright"]© 2024 copyright by Trading-Tracker.com[/vc_column_text][/vc_column][/vc_row]

No Result
View All Result
  • Home
  • Blog
    • Guide
    • Regulation
    • Ripple
  • Market
  • Blockchain
  • Bitcoin
  • Ethereum
  • Reviews
  • Contact Us

© [current_year] copyright by Trading-Tracker.com