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Bitcoin Price Under Pressure – Charts Turn Bearish As Bulls Lose Control
2 days ago

Bitcoin Price Under Pressure – Charts Turn Bearish As Bulls Lose Control

Bitcoin price corrected losses and traded above the $115,000 level. BTC is now struggling and might start another decline below $110,000. Bitcoin started a fresh decline after it failed to clear the $116,000 resistance level. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $110,500 zone. Bitcoin Price Faces Resistance Bitcoin price started a recovery wave above the $112,000 resistance level. BTC recovered above the $112,500 and $113,200 resistance levels. The price climbed above the 61.8% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. The bulls even pushed the price above the $115,000 resistance level. However, there are many hurdles on the upside . Bitcoin is now trading below $115,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $114,000 level. The first key resistance is near the $115,000 level. The next resistance could be $116,000. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $117,200 resistance and the 76.4% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. Any more gains might send the price toward the $117,250 level. The next barrier for the bulls could be $118,500. Another Drop In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $111,800 level. The first major support is near the $110,500 level. The next support is now near the $110,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,000, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $111,800, followed by $110,500. Major Resistance Levels – $115,000 and $116,000.

NewsBTC

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Source: NewsBTC
Tags : BTC bitcoin bitcoin price btcusd BTCUSDT xbtusd

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Here`s When to Expect the SEA Token as OpenSea Trading Volume Spikes

NFT marketplace and token trading platform OpenSea will launch its SEA token in Q1 2026, with 50% allocated for its community of users.

NFT marketplace and token trading platform OpenSea will launch its SEA token in Q1 2026, with 50% allocated for its community of users. NewsBTC


In a recent post on X, Crypto commentator Crypto Eri amplified a Bloomberg report indicating that Ripple Labs is leading an effort to raise at least $1 billion to purchase and hold XRP in a new digital-asset treasury. The underlying Bloomberg piece attributes the planned fundraising to people familiar with the matter and describes a structure that would house the proceeds in a special-purpose vehicle intended to amass XRP holdings . Bloomberg Reporting Ripple Labs seen leading $1 billion fundraise for $XRP stockpile. Please confirm (DYOR) Source 1 https://t.co/dE9FV6hYYI Source 2 https://t.co/zQPMilEPfe pic.twitter.com/XF3OL8ftyu — Crypto Eri ~ Carpe Diem (@sentosumosaba) October 17, 2025 Mechanics described by reporters According to Bloomberg and several outlets that followed the report, the proposed fundraising would be arranged through a special-purpose acquisition company (SPAC) to create a digital-asset treasury (DAT). The new vehicle would, in effect, aggregate outside capital to acquire XRP and could include a contribution of XRP from Ripple Labs itself into the treasury. Those reporting on the story note that descriptions and details in the article were provided by anonymous sources with direct knowledge of the transactions. Market context and coverage by industry press Coverage from industry publications framed the report against a backdrop of heightened market sensitivity following recent volatility. CoinDesk observed that the initiative, as described in Bloomberg’s reporting, mirrors structures previously used by entities that create corporate- or investor-facing vehicles to accumulate exposure to a single digital token. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Crypto-focused outlets and market news services relayed the core facts of the Bloomberg piece, noting that market response may depend on further confirmations and the eventual legal and regulatory structure of any vehicle used. Implications and what to watch If executed as described, the fundraising would represent a material, institutionally organized accumulation of XRP held in a separately managed treasury, potentially signaling a significant strategic move within the digital asset landscape. Such a development could also indicate growing institutional appetite for structured exposure to XRP . Key items for market participants and observers include formal confirmation from Ripple Labs or the SPAC sponsor, detailed disclosure of the exact mechanics governing token transfers, custody arrangements, and distribution rights, as well as the regulatory framework under which any offering would operate. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple to Raise Over $1 Billion to Purchase XRP appeared first on Times Tabloid .

Ripple to Raise Over $1 Billion to Purchase XRP

In a recent post on X, Crypto commentator Crypto Eri amplified a Bloomberg report indicating that Ripple Labs is leading an effort to raise at least $1 billion to purchase and hold XRP in a new digital-asset treasury. The underlying Bloomberg piece attributes the planned fundraising to people familiar with the matter and describes a structure that would house the proceeds in a special-purpose vehicle intended to amass XRP holdings . Bloomberg Reporting Ripple Labs seen leading $1 billion fundraise for $XRP stockpile. Please confirm (DYOR) Source 1 https://t.co/dE9FV6hYYI Source 2 https://t.co/zQPMilEPfe pic.twitter.com/XF3OL8ftyu — Crypto Eri ~ Carpe Diem (@sentosumosaba) October 17, 2025 Mechanics described by reporters According to Bloomberg and several outlets that followed the report, the proposed fundraising would be arranged through a special-purpose acquisition company (SPAC) to create a digital-asset treasury (DAT). The new vehicle would, in effect, aggregate outside capital to acquire XRP and could include a contribution of XRP from Ripple Labs itself into the treasury. Those reporting on the story note that descriptions and details in the article were provided by anonymous sources with direct knowledge of the transactions. Market context and coverage by industry press Coverage from industry publications framed the report against a backdrop of heightened market sensitivity following recent volatility. CoinDesk observed that the initiative, as described in Bloomberg’s reporting, mirrors structures previously used by entities that create corporate- or investor-facing vehicles to accumulate exposure to a single digital token. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Crypto-focused outlets and market news services relayed the core facts of the Bloomberg piece, noting that market response may depend on further confirmations and the eventual legal and regulatory structure of any vehicle used. Implications and what to watch If executed as described, the fundraising would represent a material, institutionally organized accumulation of XRP held in a separately managed treasury, potentially signaling a significant strategic move within the digital asset landscape. Such a development could also indicate growing institutional appetite for structured exposure to XRP . Key items for market participants and observers include formal confirmation from Ripple Labs or the SPAC sponsor, detailed disclosure of the exact mechanics governing token transfers, custody arrangements, and distribution rights, as well as the regulatory framework under which any offering would operate. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple to Raise Over $1 Billion to Purchase XRP appeared first on Times Tabloid . NewsBTC

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