Bitcoin fell to $75,834 on April 29, retreating from its recent high near $78,000 amid a bearish MACD crossover signaling weakening momentum. The price is testing key support at the 20-day SMA around $75,685, with further downside risk toward $72,000 if this level fails. This pullback coincides with Jerome Powell's final Federal Reserve meeting and the upcoming transition to new Chair Kevin Warsh, whose hawkish stance could tighten liquidity and impact Bitcoin's near-term trend. A sustained close above $80,000 would negate the bearish outlook, but a drop below $72,000 could trigger a deeper correction.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
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...
