Kategorie: Bitcoin News

• strkBTC will enable private Bitcoin transactions on Starknet’s DeFi network.
• STRK is down nearly 70% in 90 days, closely tracking Bitcoin’s movements.
• The key STRK price levels to watch are the support at $0.04 and the resistance at $0.045.

Starknet is gearing up for a major move in the decentralised finance (DeFi) space with the upcoming launch of strkBTC, a Bitcoin-based asset designed to bring privacy and confidentiality to transactions on its Layer-2 network.

According to a press release by Starknet, the new asset will allow users to transact Bitcoin within DeFi without exposing balances or counterparties.

It is built with shielded transfers in mind, giving users the flexibility to maintain privacy while interacting with the DeFi ecosystem.

strkBTC will be issued deterministically from verifiable Bitcoin deposits, meaning that the minting process does not rely on discretionary control.

This ensures that the token’s supply mirrors actual Bitcoin deposits on the network, creating a transparent and verifiable foundation for its use.

Users can choose between public and shielded modes, enabling confidential transactions while still preserving regulatory compliance.

This is achieved through selective disclosure mechanisms, which allow necessary audits without exposing the broader network activity.

The launch of strkBTC is part of Starknet’s strategy to increase Bitcoin adoption in DeFi while addressing concerns that have historically held back institutional participation.

By combining privacy, composability, and auditability, Starknet aims to attract both retail and institutional users to its ecosystem.

Starknet (STRK) market reaction

Starknet’s native token, STRK, has been under significant pressure in recent months.

The token has dropped roughly 70% over the past 90 days, reflecting a broader trend in cryptocurrency markets.

Its current price sits near $0.042, with a 24-hour decline of over 8%.

However, market activity remains moderate, with a 24-hour trading volume of around $52 million and a total value locked (TVL) on the network of roughly $446 million.

The upcoming strkBTC launch may provide a catalyst for renewed interest.

The introduction of a privacy-focused Bitcoin asset could enhance the utility of the Starknet network and increase demand for STRK as a governance and utility token.

In addition, STRK’s performance is closely tied to Bitcoin’s price movements, and the stabilisation of BTC above $66,000 could help STRK consolidate in the range of $0.04 to $0.045.

On the other hand, a sustained move below $0.04 may see the STRK token test the $0.035 support zone.

Investors should also keep an eye on broader market sentiment indicators, such as the Fear & Greed Index.

Historically, movements out of extreme fear have preceded market rebounds, suggesting that even in a downtrend, relief rallies are possible.

STRK price forecast

Starknet (STRK) remains in a cautious position, with short-term consolidation possible, although long-term direction is dependent on broader crypto market recovery and the success of strkBTC’s adoption within Starknet’s DeFi ecosystem.

The launch of strkBTC adds an important layer of fundamental support for STRK, as the token’s utility within the network is set to increase.

For short-term traders, the key levels to watch include the immediate support at $0.04 and the resistance at $0.045.

A break above $0.045 could signal the start of a more sustained recovery, especially if Bitcoin shows strength simultaneously.

Conversely, a drop below $0.04 would likely signal further downside toward $0.035, continuing the current bearish trend.

The post STRK price outlook as Starknet prepares to launch strkBTC, a shielded Bitcoin for private transactions appeared first on CoinJournal.

• Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
• The key support levels at $65,800 and $60,100 attract dip buyers.
• A break above $74,500 could trigger renewed bullish momentum.

Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.

The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.

Despite the decline, recent market activity suggests early buy signals are starting to emerge.

Bitcoin price trapped in a sideways phase

BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.

This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.

Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.

However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.

The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.

This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.

Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.

Bitcoin technical outlook: the buy signals

From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.

Breaking above this level is essential for bulls to regain control of short-term momentum.

On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.

Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.

Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.

Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.

Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.

Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.

The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.

Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.

Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.

Conversely, a fall below $65,800 could intensify selling and extend the correction phase.

Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.

Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.

Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.

The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.