Bitcoin has moved above a major resistance level, targeting $68,000 to $70,000, supported by rising ETF inflows. However, these inflows remain modest, indicating cautious institutional interest rather than a full comeback. The critical factor is Bitcoin's ability to close above the 200-week EMA near $68,000, which would confirm a bullish reversal. Until then, the market outlook remains cautious, with a risk of a false breakout if prices fall back below this level.
Bitcoin recently rose above its 365-day moving average for the first time in 310 days, a pattern that historically preceded significant 12-month gains in similar past instances. Analysts at Altcoin Pro highlight that the key bullish signal depends on...
Bitcoin's price remained around $84,000 after dropping sharply from $87,000, triggered by over $80 million in long position liquidations out of $110 million total. The price fluctuated between roughly $82,870 and $84,830, showing volatility but holdi...
Bitcoin fell to around $84,490 from a recent high of $87,397 as traders anticipate a 75% chance of a Federal Reserve rate hike in October, driven by persistent inflation concerns. This potential rate increase typically strengthens the dollar and rais...
Bitcoin's price dipped below $75,000 after the U.S. Senate failed to pass the CLARITY Act but rebounded above $80,000, trading at $84,752 as of Sept. 24. Analyst Willy Woo estimates a 90% probability that Bitcoin's market bottom is already in, based ...
Bitcoin experienced a sharp price drop from around $9,400 to $8,300 within minutes, losing about 16% in value. This decline followed a mysterious 40% drop in Bitcoin's hashrate, which affects network security and miner power. The cause of the hashrat...
