Bitcoin is approaching the key $78,000 resistance level again, supported by improved market sentiment as oil prices fall below $90 and geopolitical tensions ease with potential US-Iran conflict resolution. Bitcoin ETFs have seen over $1.5 billion in net inflows over five days, signaling strong investor interest. The futures market is also showing renewed activity, suggesting a possible cycle bottom. If Bitcoin breaks above $78,000, it could rally towards its 200-day EMA and potentially reach $85,000, indicating a shift from bear market conditions. However, failure to break this resistance may lead to a pullback to $70,000, a 10% downside risk.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
