Bitcoin's price has confirmed a bearish head and shoulders pattern by breaking below its neckline, suggesting a potential drop to $57,000. However, the breakdown lacks strong selling momentum so far, and key support levels could slow the decline. A bullish divergence on the weekly RSI indicates the bear market may be nearing its end, with a possible rebound if broader markets improve or positive news emerges. Investors should watch for either a continuation down to $50,000 or a rally invalidating the bearish pattern.
Bitcoin price hovered near $62,600 with long-term holders (OG investors) reducing their selling, easing some supply pressure near the key $60,000 support level. However, Binance inflows indicate ongoing panic selling with nearly $479 million worth of...
The Trump administration is pushing for the CLARITY Act, a crypto market structure bill, to pass before Congress's August recess. The bill aims to clarify rules on token classifications and institutional participation, potentially boosting Bitcoin an...
Robinhood Markets Inc. (HOOD) has recently diverged from its long-standing close correlation with Bitcoin's price, with Robinhood's stock rising while Bitcoin's price fell. This shift reflects Wall Street's growing focus on Robinhood's internal growt...
The US Dollar Index (DXY) recently closed above its 100-week moving average near 101.03 for the first time since May 2025, signaling potential trouble for risk assets like Bitcoin. This rise is driven by persistent inflation at 4.2% and the Federal R...
Bitcoin's price remains steady near $62,569 after a slight 0.45% decline, with whale wallets showing selective activity rather than broad selling. Ethereum also saw a minor drop to $1,670, while the total crypto market cap holds at $2.23 trillion. On...
