Bitcoin (BTC) is trading at $76,325.13, up 8.9% over the past 24 hours and 19.3% over the past week, after a rapid rally carried the asset directly into a resistance zone flagged by chart analysts weeks in advance. Resistance Zone Reached on Schedule According to a technical breakdown shared by a chart analyst, Bitcoin’s move
Despite Bitcoin’s recent rise, CoinShares predicts it may fluctuate below $80,000 in the short term. According to the company, a sustained breakout above this level would require a clear indication from the Fed that it will not pursue further monetary tightening. According to an assessment published by CoinShares, the recent rise in Bitcoin is driven
With Bitcoin’s recent strong recovery, predictions that it could surpass $100,000 by the end of the year have also begun to increase. At this point, Standard Chartered assessed that its previously announced year-end 2026 target of $100,000 for Bitcoin may be too low. Jeff Kendrick, the bank’s head of Digital Asset Research, stated that a
The Strategic Bitcoin Reserve sounds like something that should come with a giant “BUY” button. It doesn’t. And according to one of crypto’s most prominent exchange CEOs, it probably never will under this administration. Bitget CEO Gracy Chen says the US government is unlikely to purchase Bitcoin for its Strategic Bitcoin Reserve before Trump leaves
Bitcoin has broken above $75,500 after a sharp rally lifted it to its highest level in more than three months. The advance followed larger U.S. Treasury buybacks and renewed inflows into Bitcoin ETFs. Heavy short liquidations added further momentum to the move. Bitcoin’s advance began on August 19, when the U.S. Treasury announced plans to
The $BTC price prediction stays firmly bullish after price broke cleanly above a weekly fair value gap, a zone of unfilled buying pressure that had capped the market since June. With price now pushing into liquidity resting above, the question is whether that liquidity gets absorbed before President Trump speaks in South Carolina on Friday.
Following an 8.9% increase over the previous day, Bitcoin [$BTC] was trading at $76,522.29, finally breaking through the long-tested resistance level of $70,000. Given the current price action, Bitcoin is currently facing a record-breaking, largest profit-taking UTXO movement in history, as reported by CryptoQuant. At the same time, $BTC is getting closer to a critical
Bitcoin and altcoins have experienced a significant surge in recent days. Bitcoin, which was around $63,000 at the beginning of the week, has continued its accelerating rise, climbing above $79,000. $BTC has gained approximately 23% in value since August 19th, with this rise largely attributed to the liquidation of short positions and increased demand in
Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, has seen his substantial Bitcoin long position turn profitable after more than three months of holding. According to blockchain analytics platform Lookonchain, Jin’s position, which consists of 1,268 $BTC valued at approximately $97 million, has moved into unrealized gains of over $500,000. This marks a
Taiwanese singer and crypto investor Jeffrey Huang, widely known as Machi Big Brother, has reopened a 40x leveraged long position in Bitcoin and increased the position size to 100 $BTC, according to a report from Odaily. The move marks a renewed bullish bet on the leading cryptocurrency after a period of reduced activity. Details of