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.
Bitcoin has surpassed the key resistance level of $64,360, signaling strong buyer control and bullish momentum. The price currently trades around $66,153, with increased trading volume and technical indicators like MACD and CMF supporting continued u...
Jordi Visser, president of Weiss Multi-Strategy Advisers, acknowledges that Bitcoin is currently unpopular and trading below its 200-day average, causing investor hesitation. However, he remains bullish on Bitcoin's long-term value, especially as AI ...
A cryptocurrency wallet linked to BitMEX co-founder Arthur Hayes purchased 3,000 ETH worth about $5.42 million following a US-Iran peace agreement that improved market sentiment. This move aligns with Hayes' bullish outlook on Ethereum despite his re...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
