Bitcoin maintained its price above $63,000 following a 4% rally on Sunday, driven by Michael Saylor's hint at further purchases. The cryptocurrency is trading near its 200-week moving average, a critical level historically marking major market cycle turning points. Market stress is easing with reduced volatility and a dominance of speculative call options, but sentiment remains fragile, suggesting a full reversal may take months. Meanwhile, some altcoins like Audiera's BEAT and Siren's SIREN surged, and Zcash rebounded after a proposed fix for a security issue. The broader crypto market's recovery largely depends on Bitcoin's next moves.
Bitcoin price is steadily climbing toward a key resistance level near $83,000, which could mark a shift from a bear to a bull market if surpassed. However, technical indicators like the RSI show bearish divergence, suggesting momentum may be weakenin...
Bitcoin rose 1.43% to around $79,904 but faces resistance near $81,337, with momentum indicators like RSI and MACD suggesting the rally may be losing steam. Futures open interest dropped 4.39%, indicating traders are closing positions rather than add...
Bitwise reported about $100 million in net inflows on August 27 across its U.S. crypto exchange-traded products, with Solana funds leading at roughly $40 million, followed by Bitcoin at $22 million and Hyperliquid at $20 million. The Solana Staking E...
Bitcoin traded near $79,771 after reaching an intraday high of $81,280 but failed to break decisively above the $82,000 resistance level. Veteran trader Peter Brandt disclosed a long Bitcoin position following a bullish inverse head-and-shoulders bre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
