The Bitcoin Rainbow Chart, a long-term valuation model, predicts Bitcoin could reach about $87,000 by September 30, 2026, indicating an 11% potential gain from its current price near $78,000. This model assesses Bitcoin's price relative to historical trends, placing the current price below its fair-value 'HODL' band, suggesting room for growth. While Bitcoin remains in a strong uptrend above key moving averages, its momentum is overbought, implying possible short-term consolidation. The chart serves as a valuation guide rather than a short-term price predictor, helping investors gauge Bitcoin's position within market cycles.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
