Bitcoin's price surged over 20% in less than a week, climbing from the low $60,000s to nearly $80,000, driven by a massive short squeeze and supportive U.S. Treasury bond buybacks. The daily Relative Strength Index (RSI) rose above 80, the highest since November 2024, indicating the cryptocurrency is overbought and may face a short-term correction. Key support levels are around $69,000 and $70,000, while resistance lies near $78,000 to $80,000. Maintaining a weekly close above the Bull Market Support Band near $69,500 is crucial for further gains, but failure could lead to a pullback toward $64,000-$70,000.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
