Bitcoin's price could briefly rise above $65,600, attracting buyers before reversing lower toward the $60,000-$61,000 support zone. This move is seen as a corrective rebound rather than a confirmed bullish trend, with resistance levels at $66,000, $69,000, and $72,000 posing challenges. A sustained break above $72,000 would weaken the bearish outlook, but until then, Bitcoin remains vulnerable to rejection and a potential drop back to late-June lows near $58,000. Investors should watch for confirmation of support loss or strong breakout signals to gauge the next trend direction.
Bitcoin has recovered from a July 1 low of $57,800 to trade around $64,000, supported by long-term holders who are holding rather than selling. The current price zone is defended by traders to avoid losses, but the market floor is still forming. Key ...
Abraxas Capital has significantly raised its short positions on Bitcoin and Ethereum to a combined value of approximately $111 million, according to on-chain data. This move indicates a cautious or bearish stance on the two largest cryptocurrencies, ...
Project Eleven developed a new cryptographic proof allowing Bitcoin owners with seed phrases to reclaim coins even if quantum computers crack old wallet signatures. This method works quickly and proves ownership without revealing keys, but it only ap...
A wallet withdrew 31 BTC from the Wasabi privacy tool and then placed a $1.16 million bet on Spain winning the World Cup on Polymarket, a prediction market platform. This sequence has drawn attention because large pre-trade Bitcoin movements linked t...
Michael Saylor, co-founder of Strategy, criticizes Bitcoin Improvement Proposal 110 (BIP-110), which aims to temporarily limit arbitrary data on the Bitcoin blockchain to reduce 'spam.' He argues this change threatens Bitcoin's neutrality, could caus...
