The Crypto Basic

1 day ago | thecryptobasic.com | Mark Brennan

The recent Bitcoin price rejection may have been brought about by massive transactions that happened around June 1. For context, Bitcoin has fallen sharply after an attempt to touch the $107,000 mark, facing rejection at $106,700 on June 3. Interestingly, a recent chart from Santiment reveals a sharp rise in Bitcoin’s transaction volume between May 6 and June 5, 2025, coinciding with this price drop.

1 day ago | thecryptobasic.com | Mark Brennan

A prominent market analyst suggests Bitcoin could drop further, but RSI’s position may trigger significant price reactions. Bitcoin’s recent price decline follows a period of strong gains, with its current price sitting at $103,019 amid a 1.42% drop in the past 24 hours. Notably, the intensifying feud between U.S. President Donald Trump and billionaire Elon Musk has contributed to the already existing downtrend.

2 days ago | thecryptobasic.com | Mark Brennan

Bitcoin is poised for remarkable returns over the next decade, according to new analysis from André Dragosch, the European Head of Research at Bitwise. This forecast, shared through a detailed chart, highlights Bitcoin’s potential to outperform all other major asset classes by a wide margin. Despite Bitcoin’s recent price movements, which saw a 0.51% decline in the last 24 hours and a 3.34% drop over the past week, the cryptocurrency’s long-term prospects remain strong.

2 days ago | thecryptobasic.com | Mark Brennan

Bitcoin on-chain activity is rising despite limited price movement, signaling growing network participation. Notably, Bitcoin’s price has seen limited movement in recent days, hovering between $103,000 and $106,000. As of today, the price stands at $104,802, reflecting a 0.69% decline in the past 24 hours and a 3.35% drop over the past week. Despite this stagnation, Bitcoin’s on-chain activity has experienced notable growth.

2 days ago | thecryptobasic.com | Mark Brennan

John Bollinger highlights a “Three Pushes to a High” pattern on Bitcoin, signaling the end of its rally phase, with potential exhaustion ahead. Bitcoin’s price has recently been hovering around $105K, showing a -0.99% drop in the last 24 hours and a 3.39% decline in the past week. Despite this, the price has still managed to stay within a range of $103K to $108K over recent days.