Bitcoin remains near $63,780 as on-chain data shows a pattern typical of past bear markets, with long-term holders averaging a cost basis of $49,500 and short-term holders at $72,500. Analysts note that historically, when short-term holders' cost basis falls below long-term holders', extended bearish phases follow, a crossover not yet seen this cycle. Crypto Lens warns the recent $66,000 rally may be a bull trap, projecting possible price declines to $48,000 soon, $43,000 by August, or as low as $32,000 by September. Despite recent short-term gains, caution is advised as the bear market may continue for months.
Bitcoin recently dropped from nearly $74,000 to a low of about $59,000 before rebounding above $60,000. Analysts highlight a key indicator, the MVRV Pricing Bands, suggesting the most important support level near $43,200, which could mark the market ...
Standard Chartered analyst Geoffrey Kendrick reaffirmed the bank's year-end price targets of $100,000 for Bitcoin and $4,000 for Ethereum following a recent market selloff. He identified the Bitcoin drop to around $59,000 as the likely cycle low and ...
Bitcoin surged above $64,000 after Iran and the US signaled major progress toward a peace agreement, easing geopolitical tensions and boosting risk appetite. US Vice President J.D. Vance confirmed the deal is near, while Iran's Foreign Minister echoe...
On June 12, U.S. spot Bitcoin ETFs recorded a total net inflow of $85.85 million, with BlackRock's IBIT leading by attracting $57.69 million. Fidelity's FBTC added $18 million, while Grayscale's GBTC and BTC showed no net inflows. The total net asset...
Bitcoin is attempting a short-term breakout above a descending resistance line after consolidating in a symmetrical triangle pattern. Analysts note that if Bitcoin holds above this breakout zone, it could target resistance near $65,000 and potentiall...
