Bitcoin has surpassed $80,000 for the first time since January, signaling a bullish breakout with daily RSI and MACD indicators turning positive. The key resistance now shifts to $85,000, with analyst Michael van de Poppe highlighting $86,000 to $88,000 as the first major resistance zone. However, a 4-hour chart shows a potential risk of a drop back to $75,000 if Bitcoin fails to hold above a broken ascending channel. The next 24 to 48 hours are critical to confirm whether the bullish momentum will continue or if a retracement will occur.
Bitcoin developer Luke Dashjr has dismissed calls to cancel BIP-110, a controversial proposal aiming to temporarily limit non-financial data like Ordinals and Runes on the Bitcoin network. The proposal seeks to preserve Bitcoin's core use as a peer-t...
Bitcoin surged nearly 7% in the week ending July 5, marking its best performance since March, driven by a muted U.S. inflation outlook. The two-year inflation breakeven rate fell below 2%, the Federal Reserve's target, signaling expectations of lower...
Bitcoin surged nearly 10% from its July 1 low, climbing close to $64,000 after weak US jobs data lowered expectations for Federal Reserve rate hikes. The rebound was supported by a return of ETF inflows, easing oil prices, and a short squeeze. Key re...
Bitcoin's price has surged more than 10% since early July, breaking out from a falling wedge pattern and surpassing the 200 SMA as support. However, the rally lacks strong volume backing and the price has yet to make a higher high, indicating potenti...
Bitcoin and Ethereum prices rose by 1.20% and 1.32% respectively, boosting overall crypto market sentiment despite a decline in decentralized finance (DeFi) trading volume. Large-cap altcoins mostly gained, with Bitcoin dominance increasing to 58%, i...
