Bitcoin is trading at $67K, extending a sequence of lower intraday highs and lows, albeit at a considerable distance from last week’s extreme lows. This dynamic suggests a return to last week’s lows, with a high probability of a trading range of $60-70K forming over the coming weeks.

Crypto News

Bitcoin lost all its gains after Donald Trump’s victory in the US presidential election in November 2024, Wintermute notes. The drivers of the decline were pressure from US capital, a significant outflow of funds from spot ETFs and a shift of liquidity to the artificial intelligence sector.

Glassnode states that the cryptocurrency market now resembles the 2015-2017 cycle, marked…