Bitcoin has fallen below the key $65,000 support level, confirming a major rounding top pattern that projects a potential decline to around $47,000. This drop follows significant outflows from spot Bitcoin ETFs, totaling $4.33 billion over 13 days, weakening demand. Market sentiment remains fragile due to geopolitical tensions, shifting investor interest toward tech stocks, and ongoing liquidation of leveraged positions. Technical indicators suggest bearish momentum, with resistance near $64,000-$65,000 and critical support at $60,000; failure to hold these levels could accelerate the decline. Analysts are watching these zones closely as Bitcoin navigates uncertain macroeconomic and geopolitical risks.
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'...
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...
