Crypto analyst Doctor Profit warns that Bitcoin is forming a bearish "bear flag" chart pattern, which could lead to a price drop to the $54,000–$56,000 range initially, and possibly further down to $40,000–$50,000. This pattern involves a sharp price decline followed by a temporary bounce, with a breakdown below the bounce signaling a deeper selloff. Despite this, chart patterns are not always reliable, and Bitcoin's price could still rise. Recent market activity, including put option purchases, supports the possibility of a near-term decline.
Bitcoin traded near $64,000 after a volatile weekend influenced by US-Iran tensions and ETF outflows. Investors are closely watching upcoming US economic data, including PCE inflation and GDP reports, which could impact Federal Reserve rate decisions...
Bitcoin hovered near $64,000 but fell 0.4% in 24 hours and 2.2% over the week, despite Asian stocks rising on improved Iran-US diplomatic progress. Washington and Tehran agreed on a 60-day peace framework, easing some geopolitical tensions and impact...
On June 22, Bitcoin stabilized after a sharp drop from $72,000-$74,000 support to the low $60,000s, with buyers stepping in around $61,000-$63,000, suggesting a possible accumulation phase despite technical instability. Shiba Inu attempts a rebound b...
Bitcoin price remained around $64,000 on Monday, showing stability but no strong rally despite positive developments in U.S.-Iran peace talks and rising Asian equities. Spot Bitcoin ETFs experienced $227 million in outflows over the week, marking the...
Bitcoin surged to $64,652 following successful US-Iran diplomatic talks in Switzerland that led to lifting the Hormuz Strait blockade and allowing Iranian oil exports. A new High-Level Committee was formed with a 60-day timeline for a comprehensive a...
