Veteran trader Peter Brandt highlights Bitcoin's adherence to classical chart patterns but notes recent weakness as BTC trades below its 18-week moving average near $71,253 and has broken below a rising channel. CryptoQuant data shows whale selling has slowed, with large holders accumulating over 11,400 BTC recently, signaling potential support. Bitcoin's price rebounded above $65,000 following easing geopolitical tensions but faces resistance near $68,000, where stronger volume is needed to confirm a sustained recovery. The outlook remains cautious, with the next move dependent on whether buyers can push Bitcoin above key resistance or risk falling back toward $60,000 support levels.
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
Bitcoin surged nearly 5% to over $67,000, driven by reduced selling from large holders and shrinking exchange reserves, signaling lower selling pressure. Key support levels between $60,000 and $61,500 have strengthened due to whale buying, while tech...
Cryptocurrency markets display varied performance with Bitcoin priced at $66,801, up 4.35%, and Ethereum rising significantly by 9.77% to $1,824.49. Other notable increases include XRP, SOL, and ADA, reflecting growing investor interest. These moveme...
Bitcoin's recent drop to around $60,000 triggered strong buying from large investors, or whales, while retail investors held back. This buying pressure quickly pushed the price back up to $66,000. On-chain data from Glassnode shows a synchronized acc...
Japanese cryptocurrency exchange bitFlyer announced it will start listing Solana (SOL) on June 24, allowing users to easily buy and sell the token. This listing is significant as bitFlyer is one of Japan's largest exchanges, providing Solana greater ...
