Author
Ahmed Barakat
Author
Share
Fact Checked by
CryptoNews Editorial Team
Author
Bitcoin price is struggling to hold its ground, and our recent analysis will tell you why. BTC USD is falling under $62,000, painting a red chart, down by 1.5% as demand metrics flash some of the weakest readings in years.
CryptoQuant analyst flagged that the 30-day combined growth of spot and perpetual futures demand has collapsed to -650,000 BTC. This figure has appeared only three times since 2019. Market analyst Michaël van de Poppe is having the same concern, noting that Bitcoin is “stalling beneath $65K,” with a clean break above that level needed to trigger any run toward the $72,000–$74,000 range.
Bitcoin has shed 8% this week, following a brutal 14% decline last week. Monthly losses now sit at 24%. Although some believe that the price action is in a “neutral consolidation,” with Bitcoin tracking risk assets more than internal crypto dynamics.
Discover: The Best Crypto to Diversify Your Portfolio
What’s Next? Here’s Our Bitcoin Price Analysis
Bitcoin is pinned in a narrow band. With volume demand growth at -650,000 BTC on a 30-day basis, there are simply fewer buyers available to absorb any fresh wave of selling.
The 200-week SMA sits near $62,800 and is acting as immediate overhead resistance that BTC needs to turn into support. It’s a pivotal point. A sustained hold above it points toward consolidation. A clean break below opens the door to a retest of $60,000 as confidence gets fragile.
On the upside, $65,000 is the wall. Van de Poppe identified it as the prior support-turned-resistance from February’s crash, and the level that must flip before any meaningful rally can develop.
Our technical dashboard shows a split signal: several oscillators have moved into overbought territory on shorter timeframes, while moving averages on higher timeframes remain in buy mode, a contradiction that typically resolves with volatility.
Discover: The Best Token Presales
Bitcoin Hyper is Ready to Drive The Demand Back Up
Spot Bitcoin demand drying up is painful for holders waiting on a clean breakout. But it’s also a reminder of Bitcoin’s core constraints. It has a slow throughput, high fees, and zero native programmability, and that caps its ceiling as a platform asset, regardless of price. That’s the gap a new entrant is trying to close.
Bitcoin Hyper ($HYPER) is positioning itself as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, offering a faster performance than Solana itself while preserving Bitcoin’s underlying security.
The pitch is infrastructure: extremely low-latency Layer 2 processing, fast smart contract execution via SVM, and a decentralized canonical bridge for BTC transfers. It targets the programmability gap that has kept developers from engaging with Bitcoin’s base layer for years.
The presale has raised close to $33 million at a current token price of $0.0136. Staking is live with a high APY.
Research Bitcoin Hyper before the next price stage.
Credit: Source link
