Wednesday, July 30, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bitcoin Risks Testing This Critical Support As Bullish Strength Wanes

by SB Crypto Guru News
June 15, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The price of Bitcoin has shown signs of indecision and exhaustion over the past few days, with mostly sideways movement and a couple of unsustained breaks above $105,000. This lack of momentum comes as the crypto market continues to grapple with the impact of the ongoing unrest in the Middle East.

While the current choppiness of the Bitcoin price action suggests that the cryptocurrency’s bullish momentum is, at the time, insufficient for a break, recent on-chain data not only corroborates this inference but also offers insights into the potential next stop for the flagship cryptocurrency.

Advanced Sentiment Index Slips Beneath 50%

In a June 14 post on the X platform, on-chain analyst Axel Adler Jr. reported that Bitcoin’s bullish sentiment amongst investors may be starting to lose intensity. This on-chain observation is based on the Bitcoin Advanced Sentiment Index metric, which measures the balance between bullish and bearish positioning in the market to gauge overall trader sentiment.

As its name suggests, this on-chain indicator offers insight into the general sentiment in a particular cryptocurrency market. For instance, a reading above 60-70% typically signals strong bullish sentiment in the market and is usually seen before or during price rallies.

Meanwhile, when the metric’s value is around 50%, it usually indicates neutral market sentiment, meaning there is a level of indecision or balance between bears and bulls. This is usually recorded in a consolidation phase, which precedes definitive directional movement in the market.

On the other end of the spectrum, when the Bitcoin Advanced Sentiment Index reads below 40-50%, it implies growing fear or caution in the market, which could precede further loss in BTC’s value. However, it could also potentially indicate a bottom if the sentiment were to be overly pessimistic.

Bitcoin

Source: @AxelAdlerJr on X

In the post on X, Adler Jr. reported a drop in the Sentiment Index below the neutral 50% threshold to about 46%, which falls within the bearish territory. According to the analyst, Bitcoin’s Sentiment Index peaked above 80% early in the month of June but slowly started to decline after hitting the high.

As BTC recently rallied to $105,000 from $103,000, other important metrics such as the open interest also indicated very little investor support, further demonstrating weak bullish presence.

What’s Next For Bitcoin Price?

Adler Jr. opined that the indecisiveness currently being observed in the market might continue until something important — like the Sentiment Index — changes. For the uptrend to resume, the analyst explained that the Index has to rebound above 60-65%, which would only occur if there are simultaneous increases in net taker volume and open interest.

If this does not happen, the Bitcoin price risks testing the next support level, around $102,000 — $103,000. For this reason, caution when dealing in the market is essential, as the next support’s strength is still highly probabilistic.

As of this writing, Bitcoin is valued at $105,419, reflecting no significant price movement in the past 24 hours.

Bitcoin

The price of Bitcoin on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: BitcoinBitcoin NewsBullishCriticalCrypto NewsCrypto UpdatesLatest News on CryptoRisksSB Crypto Guru NewsStrengthSupporttestingwanes
Previous Post

Bitcoin Rally Could End in Tears

Next Post

XRP to Seize 14% of SWIFT’s Payment Volume in 5 Years, Predicts Ripple CEO

Related Posts

SEC Delays Truth Social Bitcoin ETF Decision — New Deadline Sparks Crypto Startup Buzz

SEC Delays Truth Social Bitcoin ETF Decision — New Deadline Sparks Crypto Startup Buzz

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The U.S. Securities and Exchange Commission (SEC)...

[LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy?

[LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy?

by SB Crypto Guru News
July 30, 2025
0

The crypto market is flashing mixed signals, leaving investors wondering what are the best crypto to buy right now. While...

Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

by SB Crypto Guru News
July 30, 2025
0

Strategy (MSTR) — recognized as the world’s largest Bitcoin (BTC) treasury company — has made headlines with the successful closing...

Bakkt Launches M Offering to Fund Bitcoin Purchases and Crypto Expansion

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion

by SB Crypto Guru News
July 30, 2025
0

A $75 million offering fuels a major leap into bitcoin and digital assets as Bakkt sharpens its focus on treasury...

Strategy Purchases 21,021 Bitcoin After .52 Billion IPO

Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

by SB Crypto Guru News
July 29, 2025
0

Strategy, the leading bitcoin corporate treasury company, announced it has purchased 21,021 BTC at an average price of $117,256, using...

Load More
Next Post
XRP to Seize 14% of SWIFT’s Payment Volume in 5 Years, Predicts Ripple CEO

XRP to Seize 14% of SWIFT’s Payment Volume in 5 Years, Predicts Ripple CEO

World Experience: Updates from the Next Billion Fellowship

World Experience: Updates from the Next Billion Fellowship

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.