Bitcoin's price is currently testing critical support levels as a small bear flag pattern breaks down, threatening a significant decline. The price is near the bottom of a 4-month bear flag and may soon fall below the 100-day moving average, with a possible drop to around $68,700 or even $66,000 if support fails. Technical indicators suggest the bear market could continue until Q4, with a measured move projecting a potential crash to $44,700, representing a 46% decline from recent highs. Investors should watch closely as the market faces a crucial juncture that could lead to further losses.
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...
