Bitcoin Price Volatility Spikes After Coldcard Hack Disclosure
Bitcoin's price action was extreme following the disclosure of the Coldcard hack. Eight on-chain metrics exceeded their two-year median, indicating a significant shift in investor behavior.
Data shows that holders are moving coins into new wallets rather than depositing them onto exchanges. This suggests that investors are taking a more cautious approach to managing their Bitcoin holdings.
The current price of $63,193.92 is below the EMA50 resistance at $63,830.17 and the EMA200 at $63,767.83, confirming a bearish structure. The MACD golden cross is building momentum, but the RSI remains neutral at 45.6.
The Bollinger Bands suggest that Bitcoin's price will remain within its current range until a decisive break occurs. The upper resistance is at $64,887.59 and the lower support is at $61,993.69.