VanEck CEO Jan van Eck has reiterated his bullish outlook for Bitcoin, projecting that it would rival gold in the near future. Van Eck told Bloomberg on August 1 that Bitcoin is digital gold, a sentiment that is slowly becoming a norm in the global market. He suggested that this emerging narrative would see Bitcoin
Bitcoin’s price dropped over 4% last week, wiping out half the gains made in early July and briefly dipping below the key support range of $114,672-$115,734. This short-term bearish pressure was amplified by a “death cross” on the 4-hour chart and negative funding rates, signaling caution among traders. However, a deeper look at on-chain data
As Bitcoin remains within a critical range, a prominent market analyst has noted that how it leaves this zone will determine its next move. According to a chart shared by crypto analyst Marc Cullen, Bitcoin is trading in an inefficient price area between two weekly ranges. This zone, which spans from $112,000 to $116,000, is
Bitcoin dropped 2.88 percent to $112934 and showed signs of a Bollinger Band contraction setup again The chart shows a similar fakeout pattern that led to major expansion during the 2021 cycle top move Analysts expect BTC to reenter the Bollinger Bands soon, which may lead to a sharp push above $120000 Bitcoin (BTC) closed
Bitcoin is in the news again, as analyst Ali_Charts has flagged an intriguing divergence in the Bitcoin market. Since August 1, Bitcoin has slipped about 3.57%, yet long positions on Bitfinex have surged by roughly 20%. The latest price of Bitcoin is around $113,700, a slight decline since its July highs. Since August 1, Bitcoin
Bitcoin’s trademark volatility may be entering a new phase thanks to the Securities and Exchange Commission (SEC). The agency’s decision to raise position limits on options for most bitcoin ETFs could help smooth price swings by encouraging strategies like covered call selling, which caps the upside in exchange for steady income, according to NYDIG Research.
In his latest report, cryptocurrency analyst Axel Adler evaluated Bitcoin and the general crypto market within the framework of macroeconomic developments, price momentum, and the options market. According to Adler, external risks such as weak employment data and rising trade tariffs have reduced risk appetite in markets, leading to sharp corrections in Bitcoin. According to
Bitcoin came under notable selling pressure following heightened geopolitical concerns stemming from the escalating conflict between Russia and the United States over nuclear threats. Despite the bearish momentum, the cryptocurrency has now reached a key support zone, expected to hold in the short term. Technical Analysis By ShayanMarkets The Daily Chart After a prolonged consolidation