Bitcoin price has faced resistance above $82,000 but is expected to surge to $90,000 soon, supported by a rebound from its 21-day moving average. However, risks of a correction exist due to profit-taking by short-term holders and increased short bets by leveraged traders amid regulatory concerns. A confirmed correction would occur if Bitcoin closes below its 21-day moving average, with critical support between $71,438 and $73,408. Strong demand in U.S. spot ETFs and a short squeeze are needed for a decisive breakout to $90,000.
Bitcoin surged about $2,000 following the Senate Banking Committee's passage of the Clarity Act, briefly testing $82,000. However, the price quickly fell back below key resistance levels, including the 200-day moving average, signaling waning momentu...
Ethereum continues to underperform Bitcoin in the recent cryptocurrency market recovery, with JPMorgan analysts pointing to insufficient network demand and limited DeFi expansion as key factors. Despite planned upgrades aimed at improving scalability...
Bitcoin gained nearly 1% to $80,573 while Ethereum slipped 0.56% to $2,254, highlighting a market preference for Bitcoin's liquidity amid uncertainty. Crypto derivatives volume surged past $1 trillion, indicating increased leverage and potential for ...
Bitcoin rose to $81,055 following the Senate Banking Committee's 15-9 bipartisan vote advancing the CLARITY Act, which could clarify U.S. crypto regulations and boost institutional interest. XRP and DOGE also surged, reflecting optimism about regulat...
Crypto analyst Michaël van de Poppe predicts Bitcoin could rapidly rise to a four-month high near $90,000 in the coming weeks due to strong market momentum. He notes that Bitcoin's current uptrend shows no signs of exhaustion, with dips being aggress...
