Bitcoin's price rose over $5,000 since Monday but hit resistance just above $76,000, causing a slight pullback to around $74,000 support. Technical indicators show mixed signals: the 50-day moving average suggests a possible trend bottom and support, while the 100-day moving average acts as resistance. The weekly MACD indicator is showing bullish signs for the first time in months, hinting at a potential move toward $80,000 if the price closes above $74,000 this week. However, uncertainty remains as geopolitical or economic factors could impact this recovery, leaving open whether this is a sustained bull market or a temporary relief rally.
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, ...
