Bitcoin has surged 25% from recent lows amid rising bond yields and escalating Middle East tensions, showing notable resilience compared to other risk assets. Institutional interest remains strong, with Bitcoin ETFs hitting all-time highs in assets under management and holders, indicating sustained accumulation by smart money. The Bitcoin-to-Gold RSI is at its lowest ever, historically a bullish sign, and the 200-week moving average remains intact, suggesting the bear market is not confirmed. Analysts see the current dip as a technical correction rather than a shift in momentum, with potential support around $70,000 but overall bullish outlook prevailing.
Bitcoin recently reached its first Fibonacci extension target around $82,477 but pulled back below $79,000, trading near $78,320. Key resistance lies between $82,000 and $87,273, while support is seen near $77,000 and $74,929. A possible CME futures ...
Bitcoin traded in a narrow range around $78,000 on May 17, holding key support after a recent pullback from $82,800. Technical indicators show mixed signals with cautious sentiment and weakening bearish momentum. Traders are watching for a breakout a...
Cardano founder Charles Hoskinson argues Zcash surpasses Bitcoin ideologically by preserving transaction anonymity with zk-SNARKs, unlike Bitcoin's transparent blockchain. Meanwhile, U.S. spot XRP ETFs saw a 16% increase in inflows in May, reaching a...
Bitcoin remained near $78,400 as traders reacted to Iran's counterconditions to a US peace deal proposal and ongoing Middle East conflict risks. Iran demands lifting US sanctions, release of frozen funds, compensation for war damages, and control ove...
Bitcoin has reached 760 days since its April 2024 halving, a historical signal linked to major market downturns and bear markets after previous halving cycles in 2012, 2016, and 2020. This pattern suggests Bitcoin may be entering a correction phase b...
