Bitcoin recently had a strong rally, but analyst Benjamin Cowen says key on-chain signals that mark previous cycle bottoms have not appeared yet. These include profit/loss supply crossing, MVRV Z-score dropping below zero, and Bitcoin trading below both its realized and balance prices. Cowen identifies $78,000-$79,000 as a resistance band that Bitcoin must surpass to confirm a trend reversal. He estimates a 75% chance the bottom is still ahead, likely around October 2026, with a potential price reset near $39,000. This view is data-driven and may change if new lows do not appear by then.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
