Bitcoin rebounded sharply from around $57,700 in July to about $79,500 by August 21, a 27% gain, after veteran trader Peter Brandt reversed his bearish stance. Brandt had initially forecasted a drop to the $58,000–$62,000 range earlier this year but turned bullish following a strong technical breakout marked by an inverse head-and-shoulders pattern. The rally was supported by short liquidations, inflows into spot Bitcoin ETFs totaling $1.92 billion over five sessions, and a favorable macroeconomic backdrop including weaker US Treasury yields and dollar. Bitcoin now faces resistance near $79,500–$80,000, where a sustained break could confirm the bullish trend, while failure to hold gains might shift focus back to the low-$70,000 support area. The longer-term supply outlook remains unchanged with the next halving expected in 2028.
The U.S. Securities and Exchange Commission (SEC) has introduced the "Regulation Crypto Assets" framework, which includes tailored offering exemptions and a conditional safe harbor to potentially prevent some crypto assets from being classified as se...
Bitcoin surged over 20% in a single week, rising from around $62,700 to $79,500, marking one of its strongest weekly gains in recent years. This rally mirrors past major market reversals seen in 2019 and 2023, suggesting a possible new bull market cy...
A crypto analyst known as DonAlt shared bullish price targets for Ethereum and Bitcoin, suggesting Ethereum could hit $4,000 and potentially surge to $10,000 if strong resistance is overcome. Currently trading above $2,400, Ethereum faces a key resis...
Michael Saylor, Executive Chairman of Strategy Inc., highlights bitcoin's core innovation as its ability to convert economic energy into digitally controlled value across individuals, companies, machines, and nations. This concept frames bitcoin as a...
Bitcoin experienced a sharp flash crash, dropping over 6% after rising more than 25% this week and nearly touching $80,000. Despite this, BTC remains up over 21% for the week, indicating a healthy correction rather than a major crash. Strong inflows ...
