All articles tagged with #price support
Bitcoin has fallen below its 200-day moving average at $109,800, signaling potential further downside to around $94,200, but its long-term momentum remains positive with a possible target of $134,500 if the trend continues.
A mining industry leader is calling for government intervention to support mineral prices in order to challenge China's dominance in critical minerals, emphasizing the need for strategic measures to boost the sector's competitiveness.
Bitcoin experienced a significant $160 million long liquidation and a drop below $103K, indicating intense selling pressure and market cleansing. However, signs of reduced leverage, supply scarcity, and increased stablecoin reserves suggest potential for stabilization and a gradual recovery if key support levels hold. The market appears to be resetting, with cautious optimism for a possible rebound.