Bitcoin is trading at $72,330 on April 13, pressing the upper boundary of a 4-hour ascending channel formed since late March lows near $65,000. Strong institutional demand supports this move, with spot Bitcoin ETFs drawing $786 million in inflows last week, led by BlackRock's IBIT at $612 million. Key resistance is at $72,600; a confirmed close above this could target $74,000 and then $76,000. Support levels include the 20-day SMA at $72,056 and $70,000 as a critical floor. Macro factors like geopolitical tensions and the upcoming FOMC meeting add caution, but the current trend remains bullish if Bitcoin holds above $70,000.
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...
