Bitcoin is at a critical point, with analysts predicting two main scenarios tied to the Clarity Act. If the Act passes, Bitcoin could rally to $75,000 or higher, supported by strong buying above $60,000 and breaking resistance near $70,000. If rejected, Bitcoin may drop toward $50,000 after losing key support around $60,000. Another analyst forecasts a potential new low in late August in the $48,000-$50,000 range before momentum builds for a recovery. This outlook highlights the importance of the Clarity Act and technical levels in shaping Bitcoin's near-term price direction.
Bitcoin's price has fallen to around $63,274, down 3.11%, breaking below a key rising wedge pattern and signaling bearish dominance unless it quickly recovers. Trading volume surged 75% during the selloff, indicating strong selling pressure. The $63K...
Macro investor Raoul Pal highlighted that Bitcoin and the Nasdaq Composite are primarily influenced by global liquidity rather than daily earnings reports or news. Bitcoin shows an 87% correlation to global liquidity, while Nasdaq's correlation is 97...
Bitcoin's price dropped to around $63,000 following AT&T's breakthrough in quantum computing, which cut a complex network task from one hour to 15 seconds using D-Wave technology. This advancement shortens the timeline to 'Q-Day,' when current blockc...
Bitcoin fell 2.7% to about $63,200 following a sharp sell-off in Asian equity markets, notably Korea's Kospi which dropped over 10%. The tech sector was pressured by worries over AI infrastructure investments exceeding $750 billion, causing Nvidia sh...
Bitcoin fell about 2.85% to near $63,490 following a broad selloff in Asian markets, including South Korea's KOSPI which triggered a circuit breaker. The decline was influenced by weakening tech stocks, ETF outflows, and cautious investor sentiment a...
