Bitcoin is testing critical technical levels with support around $78,000 and resistance near $80,350, marked by the 50-week moving average. Traders see a possible rebound from $78,000 toward $83,000-$84,000 if Bitcoin holds this support and breaks above the 50-week average. Failure to hold these levels could lead to a deeper correction, with a longer-term scenario suggesting a drop to $74,000-$75,000 later this year. The next few days will be crucial in determining if Bitcoin’s recovery continues or if downside risks dominate.
XRP fell to around $1.40 following stronger-than-expected US jobs data that increased the probability of a Federal Reserve rate hike to 51%, triggering a broader crypto market selloff. Meanwhile, the Bank for International Settlements (BIS) published...
Bitcoin has surged about 40% from its July low near $57,700 to trade around $79,000-$81,000 in early September, driven by institutional ETF inflows and favorable macroeconomic conditions. Despite this strong rally—the best August performance since 20...
Bitcoin is trading just below $80,000 after a recent peak at $82,281 was rejected, causing short-term momentum to weaken. The price is currently caught between strong longer-term bullish trends and cooling short-term momentum, with key support at $78...
Bitcoin and Ethereum prices fell as strong US jobs data increased expectations for Federal Reserve rate hikes. Investors anticipate the US Consumer Price Index (CPI) to remain steady at 3.4%, while the European Central Bank (ECB) is expected to raise...
Bitcoin's weekly Super Trend indicator has turned bullish for the first time in months, signaling a shift from the recent downtrend to a more stable upward trend. This change coincides with the U.S. Treasury's announcement to double its long-end buyb...
