John Bollinger, creator of Bollinger Bands, identified a nested 'W' or double bottom pattern in Bitcoin's daily chart, suggesting a potential trend reversal. Bitcoin was trading near $62,500, and a daily close above $65,000 is needed to confirm the breakout. This pattern follows a 25% drop from the May high of $82,000. The recent US jobs data showing slower job growth adds context, with upcoming inflation and Fed signals likely to influence Bitcoin's next move.
Zcash (ZEC) has surged 2,389% over the past year, reaching prices above $1,200 for the first time since 2016. This sharp rally has put significant pressure on major short sellers, including a trader holding a $47 million short position that faces liq...
Bitcoin's price stabilized around $79,600 to $80,100 after a recent surge, supported by strong institutional demand with spot Bitcoin ETFs attracting up to $987 million in weekly inflows. Corporate Bitcoin purchases continued despite market volatilit...
Cryptocurrency markets experienced varied price changes with Bitcoin falling 1.1% to $78,831 and Ethereum down 0.34% to $2,471. Other coins like DOT and PUMP saw significant gains of 12.71% and 7.55% respectively, indicating selective investor intere...
Leveraged hedge funds trading on the Chicago Mercantile Exchange (CME) have shifted from a long-standing net short position to a net long stance on bitcoin futures. This change marks a rare and significant move toward bullish exposure on bitcoin, sug...
Binance founder Changpeng Zhao (CZ) expressed strong confidence that Bitcoin may overtake gold as the world's most important asset during the next major bull run. While gold currently holds a $15.9 trillion market valuation, far exceeding Bitcoin's $...
