Bitcoin challenged the $63K level but failed to surpass it, bouncing from $58.5K earlier in July. Over $143 million in short liquidations indicate many traders were caught off-guard, suggesting a possible bullish reversal rather than just a short squeeze. However, significant BTC supply at $64K-$67K and higher levels could cap gains as holders may sell to break even. Market indicators show bearish price structure and weak buying pressure, but a decisive price move could be imminent, with a short-term bounce to $65K-$67K possible.
John Bollinger, creator of the Bollinger Bands, predicts a trend reversal for Bitcoin after a recent price rebound from $60,000 support forming a bullish 'W' pattern. Bitcoin ETFs ended a 10-day outflow streak with $224 million inflows, though overal...
Bitcoin's profit and loss ratio has dropped to its lowest point in 43 months, indicating more holders are currently at a loss than since 2023. This metric reflects market stress and has led to divided investor sentiment: some experts like Bitwise's M...
Bitcoin surged above $63,000 for the first time in two weeks, reversing losses from late June as crypto markets rebounded. XRP rose over 5% in a day and nearly 10% over the week, surpassing USDC to become the fifth-largest cryptocurrency by market va...
The Bitcoin Improvement Proposal 110 (BIP-110), a soft fork designed to reduce network spam by blocking non-financial data like images and videos in transactions, failed to gain sufficient support from miners. As of July 4, less than 1% of the total ...
Binance founder Changpeng Zhao suggested freezing the estimated 1.1 million bitcoins owned by Bitcoin's creator Satoshi Nakamoto if quantum computers threaten Bitcoin's cryptography and the coins remain unmoved. This proposal aims to prevent potentia...
