Bitcoin is currently trading around $64,038, positioned below several short-term moving averages including SMA7, SMA20, EMA12, and EMA26, indicating a lack of strong directional momentum. Resistance levels are identified at $64,766 and $65,494, while support is found at $63,289 and $62,539. Retail and top traders remain mostly bullish, with over 60% holding long positions, but open interest has declined slightly by 1.14%. Technical indicators like the Stochastic oscillator suggest Bitcoin is oversold and may experience a short-term bounce. Analyst Tom Lee's prediction that Bitcoin had "yet to peak" has not materialized as the price remains about $7,600 below its 200-day average of $71,635. The next significant price move above $64,766 or below $63,289 will likely determine Bitcoin's short-term trend.
The S&P 500 fell 1.5%, testing the top of a 4.5-year channel and raising questions about a potential bounce or a deeper drop. Key Fibonacci support levels suggest the index could fall to between 5,000 and 6,970 points if it breaks down. Bitcoin's pri...
The Federal Reserve paused interest rates at 3.50%-3.75%, with a 9-3 split among policymakers reflecting inflation worries. Stocks fell sharply, with the Dow dropping 2.19%, while Bitcoin's price remained nearly unchanged, continuing its recent trend...
Ethereum's long positions in coin-margined futures surged to 66.02%, a 5.47 percentage point increase, highlighting growing bullish leverage among top derivatives traders. This rise reflects existing traders increasing their exposure rather than new ...
Solana, Zcash, and Bitcoin are all testing critical support levels after recent failed recovery attempts. Solana dropped below its 100-day moving average, signaling ongoing selling pressure and resistance near $80. Zcash is nearing its 200-day moving...
Ripple Labs has invested in Notabene, a major operator of regulated on-chain transactions serving over 2,300 institutions globally with an annual transaction volume around $2 trillion. This partnership allows Notabene to integrate Ripple's RLUSD stab...
