Bitcoin advocate Samson Mow declared the recent bearish trend over, citing a strong $58,000 limit order wall that absorbed selling pressure and set a local bottom. He argued that Bitcoin's cycle has accelerated, with the all-time high reached 37 days before the halving, making traditional market cycle predictions outdated. Mow also criticized classical technical analysis as ineffective in the current market. This stabilization suggests fewer opportunities for lower entry prices, signaling a potential market recovery ahead.
Bitcoin price surged above $76,000 on August 21, marking its highest level since May, driven by strong institutional inflows and better U.S. liquidity conditions. U.S. spot Bitcoin ETFs attracted over $600 million in net inflows, signaling robust ins...
Bitcoin has risen 8.9% to $76,337 and Ethereum 5.6% to $2,370, with traders focusing on their 200-day moving averages as key support or resistance levels. Bitcoin dominance remains high at 59.3%, influencing selective altcoin gains like XRP and ADA. ...
The Royal Government of Bhutan moved over 490 BTC, worth nearly $32.74 million, to new wallets amid Bitcoin's price rally above $75,000. This follows previous transfers totaling 300 BTC to the same wallet, raising concerns about a potential selloff a...
Bitcoin surged close to $75,000, rising nearly 8% in 24 hours and 18% over the past week, fueled by a wave of short liquidations exceeding $4 billion in two days. This rapid price increase forced bearish traders to close positions, adding momentum to...
Bitcoin surged above $75,000, marking a 20% gain over four days and reaching its highest level since late May. This rally outpaced Ethereum and Solana, driven by a strong reaction from key support levels and significant short squeezes that liquidated...
