Bitcoin rose slightly to around $77,400, surpassing its 50-day moving average, a positive technical sign despite nearly $2 billion exiting spot ETFs recently. Analysts remain cautious, noting Bitcoin can endure some institutional selling if stablecoin liquidity holds and long-term investors stay patient. Asian stock gains and a sharp drop in oil prices supported the modest crypto rally. The market will closely watch if ETF outflows slow, as continued redemptions could pressure prices further.
Economist Henrik Zeberg warns that Bitcoin's recent rebound toward $80,000 is likely a temporary 'B-wave' bounce within a longer bearish cycle. His analysis, based on Elliott Wave theory and technical indicators like RSI and MACD, suggests investor s...
Bitcoin traded slightly higher near $77,200, maintaining its position above the important 50-day moving average, supported by a drop in oil prices and gains in Asian stock markets. Other major cryptocurrencies like XRP, Solana, and Ethereum also saw ...
Bitcoin has entered a consolidation phase around $76,000 after a strong rally in April. Analyst Ali Martinez highlights two crucial price levels: support at $75,733 and resistance at $78,258, which will determine Bitcoin's next major move. A break ab...
Bitcoin's price is currently in a bear flag pattern, struggling below a descending channel and facing resistance near $78,000 and the 200-day moving average. Short-term momentum indicators suggest potential downside, but a golden cross—where the 50-d...
Crypto analyst @ChartNerd predicts the XRP/BTC ratio could fall more than 57%, retesting a strong support level at 0.0000073 seen in 2024. This decline is driven by XRP's ongoing underperformance against Bitcoin, recent bearish signals like dropping ...
