Bitcoin has formed a rare bullish Relative Strength Index (RSI) divergence on its weekly chart, a signal that previously preceded a rally of over 700%. This divergence appears during Bitcoin's consolidation after a correction from highs above $120,000, suggesting selling pressure is easing. The pattern resembles Bitcoin's 2022 bear-market bottom, where a similar divergence led to a major rally. However, analysts caution that Bitcoin must reclaim key resistance levels, especially around $65,000, to confirm a sustained bullish trend. Despite macroeconomic challenges, Bitcoin remains resilient with institutional demand supporting its price near $64,260 as of now.
Two large Hyperliquid wallets linked to Abraxas Capital Management hold a combined $1.58 billion net short position across major cryptocurrencies, including 189,400 ETH and 5,120 BTC. Despite a current paper loss of about $114.5 million, these wallet...
Grayscale's analysis reveals that Bitcoin's impressive 225% return over three years drops to just 95% without its five best days, 27% without the top 10, and turns into an 11% loss when excluding the 15 strongest trading days. This highlights the ris...
Bitcoin surged above $86,000 twice on Tuesday, driven by momentum from the Commodity Futures Trading Commission's proposed crypto regulations and a recent SEC proposal on crypto custody. After a midday sell-off, bitcoin rallied to a peak of $86,450 b...
Zcash and Monero were the top-performing large cryptocurrencies over 24 hours, with Zcash up 3% and Monero 2.14%, while Bitcoin and Ethereum rose only slightly by 0.59% and 0.34% respectively. The crypto market remains largely flat, influenced by the...
Wintermute reports that the cryptocurrency bull cycle is still in its early stages, despite recent pauses in top altcoins like NEAR, XRP, and ARB. Bitcoin remains strong, holding key support levels and showing potential for further gains, though infl...
