Analyst Benjamin Cowen suggests Bitcoin is still in a bear market with just a 25% chance that it has bottomed. He warns that rallies, even toward $80,000, may be deceptive and that a more reliable bottom could form between $30,000 and $50,000. Cowen notes Bitcoin's current low volatility and range-bound price as typical mid-cycle behavior, expecting volatility to return later in the year with possible drops below $60,000. He links Bitcoin's performance to broader economic factors like rising oil prices and tighter liquidity, which may cause crypto to underperform traditional assets. Despite this, Cowen remains bullish long-term but expects the next major uptrend and new all-time highs only in the 2027-2029 cycle.
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...
