A hammer candle is where the lower or upper wick is 90% of the total range.
Bitcoin’s fundamentals held up well during the latest taban, suggesting underlying strength, Swissblock analysts said.
The Trump administration will unleash a new era of crypto innovation, said ZX Squared founder CK Zheng.
The world’s largest crypto is lower so far in 2025 after a number of violent price swings.
Bitcoin rose earlier this week, but initial excitement from Trump’s strategic reserve plans was short-lived due to profit-taking amid the lack of concrete plans and a risk-off mood in broader equity markets.
Binance open interest drops below 100,000 BTC, lowest level in over a year.
Inflows to exchanges from funds and traders usually imply an intention to sell, as large token holdings are usually stored in cold (or offline) wallets.
A clause in the country’s recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
CME gaps — price disparities caused by the exchange’s weekend closure while spot markets trade around the clock — tend to historically act as magnets for bitcoin prices.
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