Bitcoin has dropped below its 200-week moving average and key support levels, including the February lows, signaling continued bearish control. However, it remains near a significant long-term rising trendline connecting past cycle lows, suggesting a critical support zone. Analysts note a bullish divergence in momentum indicators and compare the current setup to the 2022 market bottom after the FTX collapse, indicating a potential for a sharp rebound if Bitcoin holds this area. Meanwhile, heavy selling and liquidation in futures markets signal pressure but also create conditions for a possible relief rally if Bitcoin reclaims around $62,000.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
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...
