Bitcoin's price has been stuck at the top of a bear flag pattern since Wednesday, showing signs of hesitation to break out. If it fails to rise above this level by the end of the week, investors may become cautious, potentially leading to a pullback toward the $72,000 support zone. Technical indicators show mixed signals: while the Stochastic RSI hints at possible upside momentum, the steady downtrend in the RSI and the bear flag pattern suggest bearish risks remain. A breakout above $78,000 would be needed to confirm a trend reversal, supported by a bullish MACD on the weekly chart, but this remains uncertain in the short term.
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
