Bitcoin's recent rally to $74,000-$87,000 is seen as a counter trend bounce, not a new bull market start, according to analyst Kevin. He highlights Bitcoin's failure to break resistance near $120,000-$125,000 and weakening momentum indicators as signs of a bearish shift. The analyst predicts Bitcoin could drop to levels between $44,000 and $56,000 before a new bull cycle begins, citing similarities to past bear market patterns. Despite the bearish outlook, capital remains allocated in crypto and software stocks, with flexibility to adjust positions based on market moves.
Bitcoin's price dropped below $79,000 following a sharp sell-off in the US bond market, which triggered a roughly 3% decline in Bitcoin's value. This move highlights the growing sensitivity of cryptocurrencies to traditional financial markets and mac...
The HYPE token surged nearly 16% following the launch of Bitwise's new Hyperliquid ETF, which offers spot exposure and staking features for the token. This ETF debut, along with Coinbase's role as USDC treasury deployer for Hyperliquid and wallet int...
Bitcoin and Dogecoin are both struggling to break above their 200-day moving averages, with Bitcoin stuck below $82,000 and Dogecoin under $0.123. Despite Dogecoin's much smaller market cap, its price action closely mirrors Bitcoin's, highlighting st...
Bitcoin is currently testing the critical 200-day moving average at $82,400, a resistance level that has historically capped rallies during bear markets in 2014, 2018, and 2022 before major declines. Analyst Benjamin Cowen highlights that while Bitco...
Most major cryptocurrencies saw price declines, with Bitcoin falling 2.28% to $79,146 and Ethereum down 3.14% to $2,213. Other notable drops include Solana down 3.37% and Cardano down 4.03%. A few tokens like HYPE and FLR showed gains, but the overal...
