The Bitcoin Rainbow Chart indicates Bitcoin will stay in its deepest undervaluation zone through August 1, 2026, with prices ranging from about $63,400 to $517,500. Currently trading near $62,655, Bitcoin is just below the 'Fire Sale' threshold, a level seen only during major bear markets. The chart suggests Bitcoin could trade between $58,000 and $66,000 by August 1, influenced by Federal Reserve rate decisions and ETF outflows. Despite recent declines, this undervaluation zone often precedes long-term recoveries, but the chart is a historical trend tool, not a price predictor or investment advice.
US Consumer Price Index (CPI) fell 0.4% in June, marking the biggest drop since 2020 and coming in below expectations with headline CPI at 4% and core CPI at 3%. This cooler inflation data increased the likelihood of a Federal Reserve interest rate c...
Bitcoin is maintaining its position above $61,000, signaling a short-term recovery after bouncing from recent lows around $58,115. However, there is a risk of a bull trap if Bitcoin moves into the $64,650-$65,550 range, which could trigger a reversal...
South Korean cryptocurrency exchange Upbit began trading the Derive (DRV) token on July 14, offering trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This listing enhances DRV's exposure in one of Asia's largest crypto markets a...
Bitcoin price stabilized around $62,500 after a weekend drop below $62,000, influenced by renewed U.S.-Iran tensions and rising oil prices. Technical resistance lies between $63,100 and $64,700, with analysts warning that a break below $62,000 could ...
Bitcoin is trading around $62,000 as investors await the U.S. June Consumer Price Index (CPI) report, which will influence Federal Reserve policy and market expectations. Previous CPI releases in 2026 have caused significant volatility in Bitcoin's p...
