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Alternative cryptocurrencies may be approaching a recovery phase despite Bitcoin pressures

As Bitcoin continues to face selling pressure and notable volatility, suggesting that some major alternative coins may be entering a new phase of forming price lows, assets such as Ethereum (ETH) and Cardano (ADA), as well as Litecoin (LTC), along with projects within the BNB ecosystem, are showing signs of relative stability compared to Bitcoin’s performance.
Additionally, movements in the total market value of alternative coins reflect the possibility of building a price base that could pave the way for a future recovery phase, despite ongoing market caution and uncertainty. Many investors believe that sharp drawdown periods often represent opportunities to build long-term investment positions before the start of a new uptrend wave in the digital asset market

Bitcoin under pressure near $58,000

Bitcoin is trading at $58,356 as negative momentum continues in the short term. The main support lies at $58,000 – $57,800, while resistance is concentrated at $58,700 – $59,200. The short-term trend remains bearish unless the price regains the $58,700 level

Bitcoin retreats temporarily and funds are moving toward artificial intelligence stocks

Michael Saylor confirmed that keeping Bitcoin below the $100,000 level does not reflect weakness in its fundamentals; rather, it is due to investors shifting toward AI stocks and new public offerings. He believes Bitcoin is priced below its true value, expecting liquidity to return to the digital asset market in the coming periods.
Blockchain data also showed the continued activity of whales and an increase in large purchase operations, which reinforces the view that the current decline may be only a temporary phase within Bitcoin’s long-term cycle

Pi Network launches major updates despite ongoing pressure on the price

During the Pi2Day event, Pi Network announced three main updates, highlighting the PiVerify identity verification service for businesses outside the ecosystem. In addition, it introduced the Pi Sign-in login service and the SoloHost platform to support AI applications and distributed computing. Despite these developments aimed at enhancing practical uses of the Pi network, the price of the PI coin fell by about 6% amid concerns about increased supply after opening trading for more than 103 million coins during July, which may continue to weigh on the price#pi

Bitcoin under pressure… will the decline continue?

The BTC pair chart on the 15-minute timeframe shows the continuation of the bearish trend, as the price trades near $58,520 after recording a local low at $58,201. The price is still moving below the main moving averages, reflecting sellers’ control in the short term.

• Nearest support: $58,200; breaking it could push the price toward lower levels.
• First resistance: $58,640 – $58,700; a breakout could give the market an opportunity for a short rebound.
• The MACD indicator shows signs of weakness in negative momentum, but the overall trend remains bearish until clearer reversal signals appear

The short-term trend remains bearish, and any current rise may be considered only a temporary rebound unless the price regains the nearby resistance levels

Cardano achieves major technical progress without affecting the price of ADA

Cardano saw a busy week of developments, most notably the launch of the Leios protocol testnet to boost network speed, along with the announcement of new projects in decentralized finance and developer funding. A security vulnerability in the SecondFi wallet briefly raised concerns, while Cardano’s founder confirmed the safety of the core network. Despite these positive developments, the price of ADA continued to move weakly without recording any notable gains

Kiyosaki walks back his forecasts: Gold continues falling despite a buy signal

Robert Kiyosaki admitted his mistake regarding his latest prediction about a reversal in the gold price after the yellow metal continued to decline following his call to buy. Despite his short-term forecast failing, he remains committed to his long-term outlook, which expects gold to reach $35,000 in the coming years, stressing that timing errors are a natural part of investing

Bitcoin tests important resistance

Bitcoin is trading near $60,462 with continued positive momentum in the short term. A break above the $60,780 level could support further upside, while $60,050 remains a key support level for maintaining the uptrend

Bitcoin under selling pressure.. Will $59,400 support hold?

The Bitcoin (BTC) coin is experiencing clear selling pressure after it fell to the $59,403 level before trying to stabilize near $59,600. On the 15-minute timeframe, there is continued bearish momentum, with the price trading below the key moving averages.
Technically, the MACD indicator suggests that sellers remain in control. The $59,400 level is a crucial support in the short term. If this level is broken, losses may extend toward lower areas. The price needs to reclaim the $60,100 level to restore positive momentum and begin a new recovery attempt

XRP attempts to recover after testing support.. Will it regain momentum?

XRP saw a decline toward the $1.0413 level before buy orders pushed the price back up to around $1.0475. This move comes amid the ongoing choppy conditions that are dominating the cryptocurrency market at present.

Technically, the short-term trend still leans toward caution, as the price moves below the key moving averages, while the MACD indicator suggests continued sell pressure despite limited signs of recovery. The $1.0410 level is considered an important support, while the $1.0500 – $1.0520 area is the first resistance that must be surpassed to regain bullish momentum.

If XRP manages to break above the nearby resistance, we may see an attempt to target higher levels. However, losing the current support could bring back selling pressure on the coin over the short term

Bitcoin holds above $60,000.. Awaiting a new breakout

BTC is trading near $60,326, with continued consolidation above the main moving averages on the 15-minute timeframe, indicating that the short-term bullish trend remains intact.
• Support: $60,000
• Resistance: $60,760 then $60,880.
• Forecast: A breakout above the resistance could push Bitcoin into a new upward wave, while a break below the $60,000 level could lead to a limited correction

XRP at a critical zone.. Will the bullish momentum continue?

Amid growing debate over investment strategies in Bitcoin, the cryptocurrency sector continues to focus on real value and institutional adoption. In this context, Ripple’s CEO emphasized that the future of digital assets depends on practical use, not just leverage and speculation.

Technical Analysis of XRP (15-minute timeframe):
The XRP pair is trading near $1.059 after recording a local high at $1.067
• Key support: $1.053 – $1.048.
• Near resistance: $1.067, then $1.070.
• Current trend: Positive with sideways movement, but breaking above the $1.067 level could push the price to higher levels, while a break below $1.053 may lead to a short-term correction

MSTR stock under pressure.. Is it approaching a temporary bottom?

MSTR is trading at $84.17 after a strong drop of more than 11%, and the short-term trend remains bearish as the price moves below the key moving averages, reflecting the sellers’ continued control.
• Near support: $83.50 – $81.50.
• First resistance: $85.00 – $86.20.
• The MACD indicator is still in negative territory, indicating weak buying momentum.

If the price holds above $81.50, we may see a technical rebound toward $85 – $86. However, breaking this support could open the door to further declines in the short term

Can “Strategi” withstand its resilience if Bitcoin continues to fall?

Despite growing concerns about the impact of Bitcoin’s decline on “Strategi,” estimates suggest the company may face significant pressure on the value of its shares without reaching a bankruptcy scenario or the “downward spiral” that some fear. In the worst-case scenarios, the company might have to sell part of its Bitcoin holdings to meet its obligations, though it will still retain a substantial stake in digital assets.
The estimates also confirm that the biggest risk is a drop in shareholders’ stock value, not the company’s collapse itself—especially since its current financial position is stronger compared with the 2022 market downturn.

Is Bitcoin approaching a critical correction phase in the market

Some forecasts suggest that Bitcoin may face additional bearish pressure if patterns from previous cycle repeat, which could push the price to notably lower levels. Any sharp pullback in Bitcoin could also lead to greater losses in the altcoin market due to weak liquidity and declining risk appetite. Meanwhile, other outlooks believe the potential bottom could be in the range of $42,000 to $44,000 before the uptrend resumes in the long term

Bitcoin under selling pressure.. Is it approaching a support test?

Bitcoin shows a bearish trend in the short term, as it is currently trading near $59,500 below the main moving averages, reflecting the continuation of selling pressure. The MACD indicator is still in negative territory, which supports the current weakness scenario.
• Key support: $59,100 – $58,800
• Near resistance: $59,800 – $60,500

If the price holds above the $59,100 level, we may see a rebound toward $60,000. However, breaking this support could push Bitcoin to test lower levels near $58,100

Bitcoin under strong pressure: will the decline continue toward $58,000?

The BTC pair chart on a 15-minute timeframe shows a sharp selling wave that pushed the price to the $58,115 area before a quick rebound toward $59,000. The price is still trading below the key moving averages, reflecting sellers’ control in the short term.

Support: $58,100 then $57,800.
Resistance: $60,100 then $61,200.

The MACD indicator remains in negative territory, indicating that bearish momentum is likely to persist, but the current rebound may give buyers a chance to attempt to reclaim the $60,000 level. Breaking below $58,100 could open the door to further downside, while a return above $60,100 would improve the short-term technical outlook

Bitcoin Under Pressure... Will the $61,000 Support Hold?

Bitcoin is facing increasing sell pressure amidst concerns surrounding Strategy and large liquidations in the derivatives market, alongside liquidity exiting ETF funds. These factors have contributed to a decline in sentiment and pushed the price to test important support levels.

On the 15-minute chart, BTC is trading near $61,300 after a clear failure to break the $61,600 - $61,700 resistance zone. Additionally, the MACD indicator shows weakness in the bullish momentum as the bars turn negative, suggesting continued volatility or a downturn in the short term.
• Support: $61,100 then $60,700.
• Resistance: $61,650 then $62,500.

Staying above $61,100 could give Bitcoin a chance to rebound toward $61,600, while breaking this support could pave the way to test $60,700 and possibly lower levels as market pressures persist

Ethereum Faces Selling Pressure.. Testing Support at $1630 Determines the Direction

ETH is trading around $1637 on the 15-minute chart after failing to maintain bullish momentum from the low of $1552. The price is currently retracing below the 25-period moving average while the $1630 level acts as an important short-term support.
The MACD indicator shows a bearish crossover and a decline in momentum, which suggests that selling pressure may continue in the short term. If it breaks below $1630, the price could head towards $1608 and then $1580. However, a bounce above $1650-1660 could reignite bullish momentum towards $1690.

Support: $1630 - $1608
Resistance: $1650 - $1690

The short-term trend leans negative, but holding above $1630 could give Ethereum a chance to bounce back again