Bitcoin has reclaimed the key $66,000 support level, echoing technical patterns seen before major rallies in 2015, 2019, and 2022. This breakout suggests a bullish trend, supported by strong momentum indicators like RSI and MACD, with the next resistance levels at $66,700 and $70,000. On-chain data points to accumulation and a possible cycle bottom between $40K and $50K, indicating more upside potential. If Bitcoin holds above $66,700, it could confirm a broader breakout and lead to further gains toward $70,000 and beyond.
Crude oil prices surged more than 2.7% after Saudi Arabia shut its East-West pipeline due to drone attacks, threatening up to 4% of global oil supply. This supply disruption pushed Brent crude above $107, while geopolitical tensions in key shipping c...
Bitcoin is losing its status as independent 'digital gold' and is now closely tracking the U.S. stock market, particularly the S&P 500. This growing correlation raises concerns that Bitcoin could face a sharp decline if U.S. equities correct, especia...
Bitcoin's traditional four-year cycle, where price bottoms occur 770-900 days after halvings, is showing signs of change. This cycle, Bitcoin reached a new all-time high before the halving, diverging from past patterns. Institutional inflows via spot...
This week in crypto, Pump.fun introduced a new trading model pairing memecoins with tokenized stocks on Solana, expanding crypto's reach. Hunter Biden's LAPTOP memecoin crashed 98% shortly after launch, highlighting market volatility. The Liquid netw...
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, warned that Bitcoin's price might fall significantly to $10,000 if the S&P 500 index drops by 20%. He cited the resistance at $80,000 for Bitcoin, expected Federal Reserve interest ...
