Bitcoin's price found strong support at $74,000 and a rising trendline, sparking a bounce that could lead bulls to challenge the top of the bear flag and target $80,000. Technical indicators like the Stochastic RSI and moving averages suggest bullish momentum, though geopolitical risks from the Middle East could cause setbacks. On weekly charts, a breakout from the downtrend and Fibonacci support levels point to potential for a significant rally if confirmed by upcoming price action. Investors should watch for confirmation this week to gauge if the upward trend will sustain or if sideways movement will continue.
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, ...
