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's price fell below $83,000 on September 28-29, triggering the liquidation of about $500 million in leveraged crypto positions and impacting 129,197 traders. The drop was influenced by rising oil prices after geopolitical tensions and a rare 3...
Bitcoin's price fell slightly below the $84,000 mark to $83,935 during early trading on September 29, as observed on Binance's spot market. Despite the dip, Bitcoin's one-hour price change remained marginally positive at 0.07%, indicating some short-...
Gold experienced a rare 3.4% single-day decline due to surging U.S. Treasury yields and increased expectations of Federal Reserve rate hikes, hitting its lowest in over seven weeks. Bitcoin also fell toward $83,000, pressured by the same macroeconomi...
Zcash (ZEC) experienced the highest forced liquidations in the crypto market over a 12-hour period ending early Sept. 29, with $28.73 million in positions closed. This liquidation volume surpassed that of Ether ($15.58 million) and Bitcoin ($15.08 mi...
Spot Bitcoin ETFs recorded $31.07 million in net inflows on September 28, marking eight consecutive days of positive inflows and bringing total cumulative inflows to $57.58 billion. Blackrock’s IBIT led with $54.84 million in daily inflows, reaching ...
