Bitcoin is trading near $61,900 as analysts note structural similarities to its 2022 ABC correction pattern. Market analyst TARA highlighted that Bitcoin may currently be between wave B and wave C of a repeating macro wave 2 structure, with a rebound to $72,800 needed to confirm the end of the relief rally phase. The 2022 correction saw Bitcoin fall from $69,000 to $15,000 through waves A, B, and C, with the final leg down occurring rapidly. If the pattern repeats, Bitcoin could face a swift decline before potentially starting a fresh upward phase beyond its October 2025 high of $126,200.
Shiba Inu (SHIB) has dropped to its lowest market capitalization ranking ever, now at number 33 with a market cap of $2.48 billion, down 95% from its peak of $50 billion. Despite the price decline, some fundamentals like low exchange supply and a ris...
Traders have purchased $2.5 billion in bitcoin call spreads targeting a price of $72,000 by July 31, coinciding with the Federal Reserve's interest rate decision on July 29. This bull call spread strategy indicates moderate confidence in bitcoin's pr...
Bitcoin is trading near $64,000 after rebounding from a low of $62,516, consolidating in a tight range as volume declines. The cryptocurrency faces resistance at $64,500 to $65,500, with key support between $62,000 and $62,500. Technical indicators s...
Bitcoin rose slightly above $63,900 but with declining trading volume and persistent extreme fear among investors, indicating a cautious and fragile rebound rather than a strong trend reversal. Despite improving on-chain activity and a modest increas...
Former Binance CEO Changpeng Zhao highlighted Bitcoin's unique inflation protection due to its fixed supply of 21 million coins, contrasting it with AI companies that can dilute shares. He emphasized Bitcoin's role as a hedge against inflation amid r...
