3 Reasons Why Bitcoin Struggles to Hold $64.5K

Bitcoin surged 8.2% in the week leading up to Sept. 25 but failed to hold above $64,500. Weak economic data, fears of a stock market correction, and uncertainty around the US presidential election are contributing to investor caution.

Michael Saylor Backs BlackRock’s Ultra-Bullish Bitcoin Outlook

Michael Saylor, cofounder of MicroStrategy, endorsed BlackRock’s recent bullish comments on Bitcoin. BlackRock’s head of digital assets, Robbie Mitchnick, described Bitcoin as a global, decentralized, and non-sovereign asset, gaining popularity amid economic uncertainties.

SEC Approves Bitcoin Options on BlackRock ETF: Market Reacts

The SEC has approved options on BlackRock’s Bitcoin ETF, potentially triggering new Bitcoin-related ETF filings and risk management strategies. An updated custodial agreement between BlackRock and Coinbase ensures faster withdrawals, enhancing trust among institutional investors.

$100K BTC in 2024?

Bitcoin’s price gains momentum, with a Q4 rally potentially pushing BTC toward $70,000 this week. Historically, Q4 has been Bitcoin’s best-performing quarter, and some analysts believe BTC could hit $100,000 in 2024.

Bitcoin Stuck Below $65K, but Major Catalysts Loom

Bitcoin is struggling to break above the $65,000 resistance level despite favorable macroeconomic factors like the Federal Reserve’s interest rate cut. Traders are watching key levels closely, as sustained spot volume or a breakout above $66,300 could signal a major shift in market momentum.

Is Bitcoin Headed for Another Crash?

Bitcoin’s failure to hold above $64,000 has raised alarms, as onchain and technical indicators suggest a potential price pullback. High open interest in Bitcoin futures and a large percentage of holders in profit could lead to increased volatility.

BTC Price Nears Critical $64K Level

Bitcoin needs to close above $63,000 on the daily chart to pave the way for new all-time highs. Traders are watching closely as BTC/USD tests key resistance levels that have held for months.

Bitcoin Flashes Bullish Signal — But There's a Catch

Bitcoin has moved above the daily Ichimoku cloud, signaling potential bullish momentum, but key indicators suggest caution as the cloud remains in bearish territory.

MicroStrategy’s Bitcoin Play: Should You Follow Saylor’s Lead?

MicroStrategy’s aggressive Bitcoin acquisition strategy, led by founder Michael Saylor, hinges on the belief that Bitcoin will deliver annualized returns of 30% over the next two decades. While the company has seen substantial gains, individual investors should consider the risks of such an approach, particularly regarding portfolio diversification.

Bitcoin Trader: 'Too Early' to Call BTC Price Bottom

Bitcoin’s recent price movements have left traders unconvinced that a bottom is in. Despite BTC recovering to $58,000, market sentiment remains cautious as support levels are tested, and the overall crypto mood dips into fear.

5 Bitcoin Updates This Week

Bitcoin faces a pivotal week, hovering around $60,000 as the market anticipates a potential 0.5% Federal Reserve rate cut. Analysts are watching for key price movements and volatility.

Bitcoin at $37,000? Don’t Be Surprised