Bitcoin's longer-term MACD indicator has flipped bullish, signaling that the recent rally above $64,000 could continue. Key resistance levels to watch are the 50-day moving average near $65,434, the mid-June high around $67,292, and the 200-day moving average near $71,147. Breaking above these levels would confirm stronger upward momentum and potentially a full bullish trend. Additionally, the $80,000 strike in options markets could add volatility as traders react to this significant price point.
Cryptocurrency markets display a range of price movements with Bitcoin trading above $80,000, up 3.03%. Ethereum and Binance Coin also show gains, while altcoins like Solana surged nearly 12% and VeChain (VET) jumped over 29%. These fluctuations indi...
Zcash (ZEC) has surged 70% rapidly, triggering a historical risk indicator that signals a likely correction for Bitcoin (BTC). On-chain analysts note that abnormal Zcash growth during Bitcoin's consolidation phases often precedes market-wide sell-off...
Bitcoin's price rally in August is encountering a critical resistance zone between $81,000 and $86,000, identified as a major supply area by analysts. This zone includes breakeven points for long-term holders and options-related selling pressure, mak...
Bitcoin fell below $78,600 following US inflation data showing a 3.7% rise in the PCE price index, above the Fed's 2% target. Treasury yields and the US dollar strengthened, reflecting concerns over persistent inflation. Investors are now focused on ...
BlackRock has purchased $200.76 million worth of Bitcoin amid a price surge that pushed Bitcoin above the $80,000 mark. This move highlights sustained institutional interest in Bitcoin, supported by steady inflows into Bitcoin ETFs. Despite recent vo...
