Bitcoin price faces a critical support test between $70,000 and $75,000 after failing to break the $83,000 resistance. A drop below $70,000 could push Bitcoin back to its long-term support zone of $50,000 to $60,000, signaling potential volatility ahead. Meanwhile, the Bitcoin-to-gold ratio remains a key indicator, with support between 9 and 13 levels influencing Bitcoin's next move. Despite short-term corrections, Bitcoin's long-term structure remains bullish, and a breakout above $83,000 could lead to a surge toward $100,000. Gold prices are under pressure, partly due to capital shifting to stocks amid the AI boom, affecting the Bitcoin-to-gold ratio and market dynamics.
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...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
