Bitcoin recently dropped below $77,000 after being rejected at its 200-day moving average, a key resistance level seen in past bear markets. Analyst Benjamin Cowen predicts this weakness could continue through Q3 and early Q4, with two possible scenarios: a more bearish path leading to a bottom in October after further declines, or a less severe drop followed by a rally to around $85,000 before falling again. Historical patterns show Bitcoin often finds temporary support near the 20-week moving average during these cycles. Stablecoin dominance is also rising, consistent with previous bear market behavior. Overall, Bitcoin's price action in 2026 closely mirrors the 2018 bear market, suggesting cautious outlook ahead.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
