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has accelerated, with the all-time high reached 37 days before the halving, making traditional market cycle predictions outdated.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.
In July 2026, Bitcoin and Ethereum posted strong gains of 9% and 20% respectively, while chip stocks fell sharply by 22%, reversing the year's earlier trend where AI stocks led gains and crypto lagged. The decline in semiconductors was driven by conc...
Bitcoin is currently trading around $64,038, positioned below several short-term moving averages including SMA7, SMA20, EMA12, and EMA26, indicating a lack of strong directional momentum. Resistance levels are identified at $64,766 and $65,494, while...
The S&P 500 fell 1.5%, testing the top of a 4.5-year channel and raising questions about a potential bounce or a deeper drop. Key Fibonacci support levels suggest the index could fall to between 5,000 and 6,970 points if it breaks down. Bitcoin's pri...
The Federal Reserve paused interest rates at 3.50%-3.75%, with a 9-3 split among policymakers reflecting inflation worries. Stocks fell sharply, with the Dow dropping 2.19%, while Bitcoin's price remained nearly unchanged, continuing its recent trend...
Ethereum's long positions in coin-margined futures surged to 66.02%, a 5.47 percentage point increase, highlighting growing bullish leverage among top derivatives traders. This rise reflects existing traders increasing their exposure rather than new ...
