Bitcoin's weekly Relative Strength Index (RSI) remains below the critical level of 41.5, which historically separates bullish from bearish market phases. Despite a recent price bounce from under $60,000 to around $64,000, the RSI indicates that the broader trend is still bearish and no confirmed market bottom has been established. Analysts say a rise of the RSI above 41.5 would signal a new bull market, while a drop below the recent low of 31.89 could mean further price declines. Currently, Bitcoin trades near $63,000 with the weekly RSI at 34.00, suggesting caution for investors looking for a confirmed recovery.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
