As Bitcoin (BTC) gains momentum toward reclaiming the $120,000 mark, a cryptocurrency trading expert says the asset’s technical setup points to a potential breakout toward $148,000 in the coming weeks. Notably, BTC has rebounded from its 50-day moving average (MA) near $111,000, holding support for three straight days. This recovery has pushed prices toward the
Bitcoin’s 4-hour chart is about to undergo a technical shift, which doesn’t happen very often. The short-term 23-period moving average, shown in green, has been climbing steadily toward the red 200-period line for a few days, and now the gap between them is so narrow it is almost guaranteed they’ll meet within the next couple
In a lengthy social media post, Danish economist and financial analyst Henrik Zeberg predicted that the price of Bitcoin (BTC) could crash if the tech-heavy Nasdaq 100 index sees a major correction. Zeberg insists that there is nothing inherently special about Bitcoin, arguing that it is a typical risk-prone asset. The analyst is convinced that
Maestro, a leading Bitcoin Finance (BitcoinFi) infrastructure provider, has published the “State of BitcoinFi” report, which brings forward an ecosystem-wide analysis on its financial applications, infrastructure, and ongoing development from a store of value to empowering traditional finance’s (TradFi) on-chain transition. Maestro anticipates volumes to keep surging as enterprises continue to stack BTC in their
Strategy executive chairman and Bitcoin maximalist Michael Saylor showed no signs of worry about the growing treasury interest in Ether and other cryptocurrencies. “I think there is an explosion of innovation across the entire crypto economy, and on the margin it is good for everybody in the digital asset space,” Saylor said during a Bloomberg
Economist Henrik Zeberg has warned that Bitcoin (BTC) is far from being a unique safe haven, instead describing it as a highly risk-prone asset that mirrors the performance of the Nasdaq. According to Zeberg, both markets are closely interconnected due to their ties to the technology sector, he said in an X post on August
The Bitcoin market is once again gaining traction as it is experiencing major technical indicators and macro events. The optimism has been boosted by the nomination of pro-Bitcoin economist Stephen Miran by President Donald Trump to the Federal Reserve Board. The revival of historical trends, including the golden cross, and changes in policies have increased
Bitcoin slipped 0.11% in the past 24 hours to $116,702, according to CoinDesk Data, but remains up 25% year to date, second only to gold’s 29% gain among major asset classes, according to data shared by financial strategist Charlie Bilello on X. 2025 Performance so far As of Aug. 8, bitcoin’s 25% year-to-date return ranked