Veteran trader Peter Brandt warns that Bitcoin's recent rise above $79,000 does not confirm a durable bottom, as BTC remains within a broader bearish corrective channel. He highlights $79,145 as a key resistance level; failure to close above it decisively could lead to further declines toward the channel's midpoint or lower boundary. The price is also testing the 200-day moving average near $82,400, a historically significant resistance point. Elevated unrealized profits and recent inflation data add caution, suggesting potential selling pressure and tighter liquidity conditions ahead for Bitcoin and other risk assets.
Cryptocurrency prices showed a mixed trend with most major coins like Bitcoin, Ethereum, and Solana declining. Bitcoin is trading near $79,285, down 1.67%, while Ethereum dropped 1.50% to about $2,253. Other coins such as Solana and Cardano also saw ...
Cryptocurrency markets show a general downward trend with Bitcoin priced around $79,449, down 1.36%, and Ethereum at $2,255, down 1.24%. Other major coins like Solana and Cardano also experienced notable drops, reflecting ongoing market volatility. S...
Market maker Wintermute warns that Bitcoin's recent price rise near $81,000 looks driven by a short squeeze rather than strong spot demand or a genuine breakout. The rally is fueled by traders covering losing short positions and leverage, not broad b...
On May 12, Bitcoin ETFs saw inflows exceeding $220 million, contributing to nearly $1 billion in total inflows for the month. This robust activity highlights sustained institutional interest in Bitcoin investment products. Additionally, Hyperliquid r...
Bitcoin fell below $80,000 amid cautious crypto markets ahead of the U.S. Senate Banking Committee's markup meeting on the Clarity Act. Significant outflows were seen from spot Bitcoin and Ethereum ETFs, with over 120,000 traders liquidated recently....
