Gareth Soloway, chief market strategist at Verified Investing, warns that Bitcoin is forming a bear flag pattern that could lead to a 38% price drop to around $50,000. He also notes that the S&P 500 is showing warning signs similar to those seen during the dot-com bubble peak, suggesting a late-stage bull market. Soloway has pushed his recession forecast to 2027, citing strong AI spending by major tech firms as a growth driver. He remains cautious on stocks and Bitcoin, favoring natural gas as a near-term buy due to its potential breakout above $2.88. The strategist highlights structural challenges for crypto, including regulatory issues and shifting investor interest toward AI and semiconductors.
Bitcoin jumped about $1,400 within an hour, pushing its price back above $78,000 due to a short squeeze that liquidated roughly $25 million in short positions and added around $30 billion to its market cap. This move brought Bitcoin to the upper end ...
Bitcoin fell nearly 10% to $74,027 on May 23 following a $766 million liquidation event that wiped out many long positions, marking the largest in three months. Bitfinex analysts warn that $79,000 acts as a strong resistance level, limiting near-term...
Bitcoin is under pressure as institutional selling accelerates, pushing its Risk Index to 33, signaling a high-risk market zone. Persistent outflows from US spot Bitcoin ETFs, totaling over $2 billion since early May, indicate sustained institutional...
Bitcoin has been trading sideways around $75,000 for over four weeks, building significant liquidity clusters. Nearly $14.3 billion in liquidation pressure is concentrated around current prices, with long positions stacked tightly between $72k-$74k a...
Markets reacted positively to President Trump's announcement of a potential Middle East peace agreement, causing oil prices and bond yields to fall sharply. This decline helped boost stocks, with the Nasdaq rising 1.4% in early trading. Chip stocks l...
