Bitcoin's weekly Super Trend indicator has flipped to bullish for the first time since the recent downtrend began, following a strong price rebound in August from around $63,000 to over $80,000. This signal, observed by Bitfinex, confirms a longer-term positive trend but does not guarantee further price increases, especially as Bitcoin faces resistance near $82,000. The weekly bullish signal came after the daily Super Trend had already turned positive, reflecting the indicator's slower reaction to price changes on a weekly scale. Investors should combine this trend signal with other technical indicators and watch if Bitcoin can sustain above the Super Trend line to confirm a lasting upward move.
Bitcoin failed to hold above $85,000 on October 7, with large-cap altcoins dropping 3-5% amid rising US Treasury yields hitting 24-year highs. The 10-year yield reached 5.307% and the 30-year yield 5.688%, raising concerns ahead of key economic event...
Bitcoin fell back to around $83,300 after briefly surpassing $86,400, with the $81,300 level now critical as a support threshold. A sustained break below $81,300, combined with outflows from US bitcoin ETFs and loss-making sales by recent investors, ...
Bitcoin is currently trading at a $64 discount on Coinbase compared to global exchanges like Binance, marking the longest negative Coinbase premium streak of over 77 days. This persistent discount signals ongoing selling pressure or weak demand from ...
BlackRock's IBIT ETF received a large transfer of 1,426.47 Bitcoin valued at $119 million from Coinbase Prime, signaling increased institutional interest. Meanwhile, Wintermute sold 619.59 Bitcoin worth $51.7 million through Binance, indicating activ...
More than $600 million in leveraged long positions were liquidated across cryptocurrency markets as Bitcoin fell from above $87,000 to near $83,000. This decline pressured traders who had bet on further price increases, forcing many to exit their pos...
