Bitcoin's price recently dipped to around $61,300, touching a major bull market trendline, before rebounding to just under $64,000. This move follows a 15.8% drop after breaking below a bear flag trendline. Despite poor market sentiment, technical indicators like oversold RSI and a potential double bottom suggest a possible short-term bounce, though resistance at $66,000 remains a challenge. On the weekly chart, Bitcoin is near critical support zones, including the 200-week SMA and bull market trendline, with a potential retest of the bear market trendline around $57,000 possibly signaling the bear market's final phase. Investors should watch for confirmation of these levels as the market decides if the bottom is in or if further declines are coming.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
