Bitcoin is trading in a compressed recovery structure similar to an ascending triangle, hovering around the high-$70,000 range. Although the price has established a series of higher lows, it is still having difficulty breaking through resistance in the $78,000-$80,000 range. According to the CryptoQuant CEO, the market could be nearing the bottom. Short orders dominate
A crypto analyst has presented a new analysis, forecasting Bitcoin’s ($BTC) next all-time high and potential market bottom. According to the analyst, $BTC’s long-term price outlook could depend heavily on where its current market bottom forms. The analysis draws on historical cycle patterns and bear markets that preceded $BTC’s explosive upward rallies. Based on these
Bitcoin is back in a place where bold upside calls are starting to circulate again, and while short-term sentiment is still mixed, one analyst believes the cryptocurrency is setting up for a powerful move that sends the price action all the way to $200,000. The call is built around a long-term cycle structure on the
A crypto analyst has suggested that Bitcoin ($BTC) is still in a bear market despite its recent price rally, warning that the cryptocurrency could be headed for a deeper correction below $60,000. The call comes amid repeated failed breakouts and weakening momentum, raising doubts about any near-term recovery. According to the analyst, the current price
Just as bitcoin appeared to have built momentum for a breakout above $80,000, macro uncertainty reemerged as a headwind. The most notable development came from the Pentagon, which told U.S. lawmakers in a classified briefing that clearing mines in the Strait of Hormuz, a major oil chokepoint, could take at least six months, and the
Digital asset investment firm Pantera Capital is urging London-listed Satsuma Technology (SATS) to liquidate its remaining bitcoin holdings and return cash to shareholders, marking a sharp turning point for a strategy that once drew strong investor enthusiasm, Bloomberg reported on Thursday. Pantera’s DAT Opportunity Fund, which owns about 6.7% of the company, is among those
Cryptocurrency venture capital company Blockchain Capital is raising $700 million for two new funds, Bloomberg reported on Thursday. The San Francisco-based firm is raising for its seventh early-stage fund and second growth fund, which are expected to be completed in the next five to six months, according to the report, citing a person familiar with
Bitcoin ($BTC) continued its upward trend last night, briefly climbing above $79,300. However, this was short-lived, and Bitcoin failed in its attempt to break the critical $80,000 resistance level. The $BTC price retreated to around $77,800. While it is stated that the rise could continue if Bitcoin surpasses $80,000, Julio Moreno, head of research at
Bitcoin ($BTC) continued its upward trend last night, briefly climbing above $79,300. However, this was short-lived, and Bitcoin failed in its attempt to break the critical $80,000 resistance level. The $BTC price retreated to around $77,800. While the $BTC price continues its volatile course, the positive sentiment and inflows in US spot ETFs continue. According
It’s no surprise that there’s a general pivot from blockchain to artificial intelligence right now. Every week brings another report of a company or person either leaving the cryptocurrency industry entirely or adding artificial intelligence to their portfolios. Bitcoin miners are moving away from mining to increasingly focus on AI infrastructure and venture capital firms