This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The consensus in the bitcoin BTC$108,861.36 market remains bullish even though the price has held above $100,000 every day bar one for two months, with analysts’ projections for resistance levels ranging from $140,000 to over $200,000. One way to identify
The U.K.-based Smarter Web Company recently hit a 1,000 BTC milestone in its crypto treasury strategy after its recent purchase of 226.42 BTC, reporting a 26,242% year-to-date yield. According to a published press release, the London-listed technology company has hit a significant point in its crypto treasury strategy, also known as the “10 Year Plan.”
Babylon Genesis is set to roll out testnets for multi-staking and EVM support this summer, with both features scheduled to go live on mainnet in Q4 this year. The Bitcoin (BTC) staking protocol Babylon Genesis has unveiled its 2025 roadmap, outlining a series of milestones that will mark the completion of Babylon’s core staking infrastructure
Weekly inflows into the U.S. spot Bitcoin ETFs experienced a significant drop last week as fading Fed rate cut hopes and Trump’s newly passed budget bill tempered investor appetite. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $769.6 million over the past week, a 65% drop from the prior week when these
Legendary technical analyst John Bollinger has opined that Bitcoin is setting up for “an upside breakout.” Bitcoin looks to be setting up for an upside breakout. $BTCUSD More as the week gets going. — John Bollinger (@bbands) July 6, 2025 The 75-year-old trader, who is known for developing the “Bollinger Bands” technical indicator, is particularly
Bitcoin has recently experienced a surge in price, bringing it close to its all-time high (ATH). Currently trading around $109,404, Bitcoin has bounced back from $108,000 over the weekend. However, while the market sentiment remains strong, investor actions suggest caution, with long-term holders (LTHs) showing signs of uncertainty. Bitcoin Holders Sell The age consumed metric,
Bitcoin has managed to break above an important resistance level ($109,000) on its chart for the second time this month. The first breakout happened on July 2nd, followed by a rally, a minor pullback, and now another move higher. So far, key support zones have held firm, keeping bullish hopes alive. If Bitcoin can stay
After a strong rebound from the $102,000 region last week, the Bitcoin price today is trading around $109,100, consolidating just below the $110,000 barrier. BTC is currently compressing within a symmetrical triangle on the daily chart, while 4H structure remains bullish above the $107,000 short-term support. Derivatives funding has turned slightly positive, suggesting cautious optimism
The Blockchain Group (ALTBG) has confirmed the acquisition of 116 BTC for approximately 10.7 million euro ($12.51 million), increasing its total bitcoin BTC$109,067.13 holdings to 1,904 BTC. This strategic expansion results from a series of capital operations, including an “ATM-type” capital increase and a convertible bond issuance, both completed in early July 2025. The company
Some investors expect Bitcoin to break out of its consolidation phase and reach new record highs in the second half of the year. Behind this optimistic expectation are the acceleration of corporate treasury purchases, strong cash inflows into exchange-traded funds (ETFs), and cryptocurrency legislation advancing in the US Congress. Bitcoin rose nearly 30% in the