Veteran trader Bob Loukas highlights Bitcoin's unusual market behavior as it approaches the $85,000-$88,000 range, showing resilience unlike typical bear market bounces. He suggests this rise, lasting 88 days, indicates base building and a possible long-term cyclical bottom forming through 2026. Despite breaking $81,000, caution remains as the $85,000-$88,000 zone may act as a strong resistance, risking a retest of lower ranges if not surpassed. Loukas views 2026 as a transformation period with Bitcoin likely to consolidate between $60,000-$70,000 rather than sharply decline, emphasizing endurance over quick price moves.
Over the past 12 months, Bitcoin has underperformed the S&P 500 by roughly 56%, declining 30.35% while the S&P 500 rose nearly 27%. Despite renewed optimism for cryptocurrencies and bullish price targets from major financial institutions predicting B...
Bitcoin's market value has dropped to 13th place globally, falling about 11% this year and nearly 30% over the past year. Meanwhile, precious metals like gold and silver have surged, with gold reaching a record $5,600 per ounce earlier this year. Sem...
On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...
The crypto market continued its decline with total capitalization dropping 1.5% to $2.53 trillion and Bitcoin falling nearly 3% to around $75,000. This selloff is driven by macroeconomic uncertainty, significant outflows from Bitcoin and Ethereum ETF...
Bitcoin dropped to $75,498 during Asian trading, diverging from the global stock market's record highs. Major cryptocurrencies like XRP, Ethereum, and Solana fell nearly 1%, while Zcash saw a sharp 9% decline. Bitcoin is near its 50-day moving averag...
