Economist Henrik Zeberg warns that Bitcoin's recent rebound toward $80,000 is likely a temporary 'B-wave' bounce within a longer bearish cycle. His analysis, based on Elliott Wave theory and technical indicators like RSI and MACD, suggests investor sentiment will turn very bullish before a severe market crash occurs. Zeberg points to a major top formed since 2012 and expects a deeper correction potentially dropping Bitcoin below $50,000 after the short-term rally. This outlook signals caution for investors despite near-term gains.
Bitcoin traded slightly higher near $77,200, maintaining its position above the important 50-day moving average, supported by a drop in oil prices and gains in Asian stock markets. Other major cryptocurrencies like XRP, Solana, and Ethereum also saw ...
Bitcoin has entered a consolidation phase around $76,000 after a strong rally in April. Analyst Ali Martinez highlights two crucial price levels: support at $75,733 and resistance at $78,258, which will determine Bitcoin's next major move. A break ab...
Bitcoin's price is currently in a bear flag pattern, struggling below a descending channel and facing resistance near $78,000 and the 200-day moving average. Short-term momentum indicators suggest potential downside, but a golden cross—where the 50-d...
Crypto analyst @ChartNerd predicts the XRP/BTC ratio could fall more than 57%, retesting a strong support level at 0.0000073 seen in 2024. This decline is driven by XRP's ongoing underperformance against Bitcoin, recent bearish signals like dropping ...
Investors withdrew over $1 billion from bitcoin ETFs and $215 million from ether ETFs last week, signaling reduced interest in major crypto assets. Instead, funds flowed into alternative tokens, with new HYPE spot products gaining about $72 million a...
