The stakes are extremely high, and Bitcoin is once again balancing on a tightrope. Bitcoin is once more teasing this crucial price level after breaking above the long-standing resistance of $120,000. The current retest represents bulls’ third – and potentially last – opportunity to regain control before sentiment turns south after two previous unsuccessful attempts
After a powerful multi-week rise from below $95,000, Bitcoin price today is consolidating near $120,200 inside a maturing symmetrical triangle. The structure suggests compression ahead of a volatility breakout, with the apex nearing on the 4-hour chart. Momentum is holding firm above key exponential moving averages, keeping bulls in control for now. What’s Happening With
Crypto analytics platform Bitcoin Vector is bullish on Bitcoin (BTC) as the flagship digital asset hovers just below the all-time high. The analytics platform says on the social media platform X that Bitcoin is in the early stage of a full bull market after confirming a breakout. According to the analytics platform, Bitcoin is in
Crypto finance firm Matrixport, in its latest “Matrix on Target” report, predicted that Bitcoin may enter a correction process in the short term despite its recent upward trend. Matrixport: Bitcoin May Enter Short-Term Correction Following Multiple Factors The report states that despite positive macroeconomic developments in the US, technical indicators have weakened and the market
Bitcoin price is attempting a fresh increase above $120,000. BTC is now consolidating and might attempt a steady move toward the $125,000 zone. Bitcoin started a fresh increase from the $115,800 zone. The price is trading above $119,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with
Bitcoin has reclaimed the $120,000 mark following a brief pullback earlier this week as renewed institutional flows continued to be buoyed by clearer U.S. crypto policy. Its return comes after profit-taking briefly capped the alpha asset’s momentum, stalling a seven-day rally that had pushed it to new highs. Last week’s rally found a local bottom
The latest report issued by the IMF on the compliance of El Salvador’s actions with the guidelines established in the $1.4 billion credit facility deal approved in February revealed that Chivo Wallet led the nation to miss the bitcoin non-accumulation quotas. Bitcoin Non-Accumulation Compliance Goals Missed: IMF Fingers Chivo Wallet El Salvador is facing one
Bitcoin Standard Treasury Company has agreed to merge with Cantor Equity Partners I (CEPO) in a SPAC transaction that will take the Bitcoin-focused treasury vehicle public on Nasdaq under the ticker BSTR once the deal is closed. The parties signed the Business Combination Agreement dated July 16 and released the announcement today. BSTR plans to
Matador files CA$900M prospectus to fund its Bitcoin treasury strategy over the next two years. The company eyes a 6,000 BTC allocation and 1% of the total supply to become a major corporate Bitcoin holder. “Flywheel” strategy includes BTC accumulation, synthetic mining, and DeFi-linked revenue generation. Canadian Firm Plans Major Bitcoin Purchase Matador Technologies, a