Peter Brandt, a veteran futures trader, has shifted from a bearish to a bullish stance on Bitcoin after the cryptocurrency broke above $64,000, invalidating his previous downtrend prediction. The breakout completed an inverted head-and-shoulders pattern on the CME Bitcoin futures chart, a bullish technical signal. Brandt opened a long position following this move, highlighting how experienced traders adapt when market conditions change. This shift underscores the importance of technical analysis and probability in trading decisions.
XRP surged over 10% near $1.10 following Bitcoin's sharp 8% rise to $72,281, triggering more than $1 billion in Bitcoin short liquidations. This major short squeeze reflects renewed bullish momentum after months of decline. Amid this volatility, UE C...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Bitcoin's recent rally above $72,000 was driven by the U.S. Treasury doubling bond buybacks to $4 billion, which surprised markets and boosted liquidity. Economist and bitcoin critic Peter Schiff dismissed this surge as a temporary 'fakeout' rather t...
XRP surged over 10% in its best week since the 2024 US election, climbing above $1.10 as Bitcoin rallied sharply due to a historic $2.7 billion short squeeze. Bitcoin's rapid rise from around $63,000 to highs near $71,750 forced massive short liquida...
Bitcoin is approaching a 'golden cross,' a bullish technical indicator where its 50-day moving average crosses above the 200-day moving average. BTC recently surpassed $71,000, rising over 12% in a week and moving above the 200-day SMA, suggesting we...
