Bitcoin's weekly Super Trend indicator has turned bullish for the first time in months, signaling a shift from the recent downtrend to a more stable upward trend. This change coincides with the U.S. Treasury's announcement to double its long-end buybacks, boosting Bitcoin's macroeconomic appeal alongside gold. Bitfinex analysts suggest traders consider this bullish signal as an opportunity to open long positions, using the Super Trend line as a trailing stop to manage risk. This development could indicate continued short-term price gains for Bitcoin.
Bitcoin is testing critical technical levels with support around $78,000 and resistance near $80,350, marked by the 50-week moving average. Traders see a possible rebound from $78,000 toward $83,000-$84,000 if Bitcoin holds this support and breaks ab...
Bitcoin and Ethereum prices fell as strong US jobs data increased expectations for Federal Reserve rate hikes. Investors anticipate the US Consumer Price Index (CPI) to remain steady at 3.4%, while the European Central Bank (ECB) is expected to raise...
Despite a recent price correction that pushed Bitcoin below $80,000, traders on the Kalshi platform remain optimistic, betting on Bitcoin reaching $85,000 by the end of September. This bullish sentiment follows a strong rally in August, with traders ...
Bitcoin price fell below $80,000 following stronger-than-expected US employment data that increased expectations for a Federal Reserve rate hike. The US added 162,000 jobs in August, keeping unemployment steady at 4.1%, which raised the probability o...
Bitcoin dropped nearly 3% from $81,340 to $78,915 following a stronger-than-expected US jobs report, which reduced chances of a Federal Reserve rate cut and increased the likelihood of a rate hike. Despite this pullback, Bitcoin has shown upward mome...
