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.
Chinese crypto miner Jiang Zhuoer reversed his bearish 2026 forecast after Bitcoin surged near $79,500, now 90% confident the bear market has ended. He bought back Ethereum near $2,100 after selling earlier, then sold half his ETH near $2,525, managi...
Bitcoin faces a critical test at the $76,000 support level after bearish divergence on its short-term chart suggested a possible pullback. Despite this, the monthly chart supports major upside scenarios with long-term Fibonacci targets ranging from $...
Bitcoin recently rallied over 22% to reach $79,000, its highest since May, sparking renewed investor optimism. However, Samson Mow argues that Bitcoin has never experienced a genuine bull run, suggesting last year's $126,000 peak was merely a respons...
Bitcoin surged about 25% this week, reaching nearly $80,000 following the US Treasury's expansion of its long-term bond buyback program from $2 billion to $4 billion per operation. This move helped lower 30-year Treasury yields, easing pressure on ma...
Standard Chartered has revised its Bitcoin price target for the end of 2026, suggesting that the previous estimate of $100,000 may be too conservative. Bitcoin's recent surge to $76,844, driven by ETF inflows and short liquidations, has raised expect...
