Bitcoin recently reached its first Fibonacci extension target around $82,477 but pulled back below $79,000, trading near $78,320. Key resistance lies between $82,000 and $87,273, while support is seen near $77,000 and $74,929. A possible CME futures gap near $79,123 could influence price action early this week, with Bitcoin potentially closing the gap if it moves above that level. Momentum indicators suggest bullish momentum remains, but Bitcoin must hold above mid-$70,000 levels and reclaim the $82,477 resistance to continue upward momentum.
Bitcoin is trading around $78,000 after a volatile week, with market momentum weak and technical signals cautious. The key development is a potential shift in Federal Reserve liquidity, which has historically influenced Bitcoin cycles; recent Fed bal...
Bitcoin faced significant selling pressure at the $77,000 level, with Binance data showing a Net Taker Volume of -$50 million initially and -$20 million on a second retest. Despite this, buyers absorbed the selling, preventing a deeper drop and signa...
Bitcoin prices paused near $82,000 after a strong rally, influenced by the confirmation of Kevin Warsh as Federal Reserve chair and progress on the CLARITY Act in the U.S. Senate. Investors are cautious due to rising inflation and geopolitical tensio...
Traders transferred $1.5 billion in stablecoins to Binance as a defensive move against Bitcoin's sharp price swings, using stablecoins to stay in the crypto market without exposure to Bitcoin's volatility. This large inflow highlights Binance's stron...
Bitcoin has surged 25% from recent lows amid rising bond yields and escalating Middle East tensions, showing notable resilience compared to other risk assets. Institutional interest remains strong, with Bitcoin ETFs hitting all-time highs in assets u...
