Bitcoin is attempting a short-term recovery after a recent sharp pullback, with traders closely watching the $61,000 support zone. A strong bounce from this level could lead to a move toward $65,000-$67,000, supported by a potential inverse head-and-shoulders pattern signaling a trend reversal. However, failure to hold $61,000 may result in a further decline toward $58,000. The key resistance to confirm the recovery is a 4-hour close above $64,300, which would suggest buyers are regaining control after weeks of selling pressure.
Bitcoin recovered from a recent dip near $59,000 to trade above $62,000, briefly testing resistance at $64,156. The recovery is fragile due to weak demand and awaits confirmation from stronger futures market participation and upcoming US inflation re...
Bitcoin's price dropped about 14% last week, hovering near $63,000, as investors await SpaceX's public offering on June 12, seen as a key market indicator. The IPO's reception may signal risk appetite shifts affecting both crypto and equities. Meanwh...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
London BTC Company Ltd has secured 111 mineral claims covering 2,293 acres at the Huntington-Whitman Gold-Silver Project in Nevada, marking its first US gold project. This move is part of the company's strategy to build hard-asset gold exposure along...
Strategy purchased 1,550 BTC for about $101 million, increasing its total Bitcoin holdings to 845,256 BTC, shortly after selling a small amount last week. This move comes as Bitcoin's Long-Term Holder MVRV ratio dropped to 1.26, indicating modest unr...
