Bitcoin's monthly chart indicates a potential early bottoming signal as momentum may be stabilizing, highlighted by the first uptick in the MACD histogram after a long decline. However, this signal is not yet confirmed and depends on maintaining momentum through the monthly close. Bitcoin is also testing a crucial resistance zone around $73,000 to $74,000; reclaiming this level could lead to a further rise toward $76,472 and $80,600. Conversely, failure to break this resistance might result in renewed downside pressure with support levels at $65,816 and $60,421, and possibly lower. The overall outlook remains cautious as Bitcoin's price structure is fragile, with potential for either a final rally or continued weakness.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
