Bitcoin is trading near $64,925, pressed against the upper half of a two-month range with critical resistance at $67,073. A daily close above $67,073 would signal a breakout, potentially pushing Bitcoin toward $74,000, the next major resistance. Conversely, failure to hold above $64,000 could lead to declines toward $61,858 and lower support levels. Momentum indicators are neutral, reflecting a market in range-bound consolidation awaiting a decisive move. The recent weak US jobs report has increased expectations for a Fed rate pause, supporting Bitcoin's recent gains. Traders should watch for a high-volume daily close above $67,073 to confirm a breakout or a drop below $64,000 to signal downside risk.
Bitcoin surged over 25% in August but shows weak spot demand and liquidity, raising concerns of a bull trap. Meanwhile, Ethereum sees strong liquidity growth with stablecoin supply rising and record ETH staking, indicating robust demand. This liquidi...
Bitcoin traded around $77,000, slightly up but under pressure ahead of crucial US inflation data that could influence the Federal Reserve's upcoming interest rate decision. The broader crypto market also faced declines amid rising oil prices and high...
Bitcoin's price outlook is bullish as strong inflows into U.S. spot bitcoin ETFs, totaling over $600 million in early September, support a recovery above $80,000. Producer Price Index data showed slightly higher inflation, but markets had anticipated...
Senate Republicans have introduced a new 630-page version of the CLARITY Act, a significant crypto regulation bill affecting Bitcoin, XRP, and Ethereum. The updated bill clarifies distinctions between decentralized and non-decentralized finance proto...
Most major cryptocurrencies experienced price declines, with Bitcoin falling 1.3% to around $77,239 and Ethereum slightly down by 0.19%. Other coins like Binance Coin, XRP, and Litecoin also saw notable drops. This reflects ongoing market volatility ...
