Bitcoin's price has reached a critical resistance level at $66,000, with momentum indicators showing an overbought condition, suggesting a possible price rejection. The U.S. Dollar Index is also at a major $100 resistance but may fall due to easing Middle East tensions and lower oil prices, potentially boosting stocks and Bitcoin. A recent bullish breakout pattern pushed Bitcoin up by $2,000, but the $66K level remains a strong barrier. The weekly close below $66K favors bears, indicating the bear market might continue until around October, with Bitcoin possibly dropping to the low $50K range or trading sideways before a new bull run.
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...
