Bitcoin traded flat recently but surged nearly 6% over the past week, supported by significant whale accumulation of over 4,500 BTC in 24 hours. Despite prices rising above $80,000, on-chain activity is at a two-year low, indicating the rally is driven by a smaller group of investors rather than broad retail participation. Analysts warn this could make the rally fragile, but successful technical breaks near key levels could push prices toward $84,000-$85,000 soon. The current situation suggests early accumulation rather than a decline.
Options worth $1.75 billion for Bitcoin and Ethereum expired on July 10, reflecting cautious market sentiment. Bitcoin options valued at $1.5 billion had a balanced put-call ratio near 0.97 and a maximum pain level at $62,000, while Ethereum options ...
Bitcoin climbed about 3% to $64,300 following a drop in crude oil prices below $72 and renewed peace talks between the US and Iran, which revived risk appetite in crypto markets. A $79.5 million short squeeze helped push Bitcoin higher, with $65,000 ...
Bitcoin has remained in the $60,000 to $70,000 price range for 307 days, making this the third longest consolidation period within any $10,000 band in its history. This prolonged sideways trading has created a significant support cluster, with about ...
Bitcoin's longer-term MACD indicator has flipped bullish, signaling that the recent rally above $64,000 could continue. Key resistance levels to watch are the 50-day moving average near $65,434, the mid-June high around $67,292, and the 200-day movin...
Bitcoin rose above $63,000 with a 1.5% gain following US President Trump's statement that Iran seeks negotiations, easing market fears. The cryptocurrency is closely watched around the $64,700 daily close level, which could spark a significant relief...
