Bitcoin’s (BTC) daily Relative Strength Index (RSI) has climbed above 80, marking its most overbought reading since November 2024. The move follows a ferocious multi-day rally that lifted the cryptocurrency from the low $60,000s to nearly $80,000, with the latest RSI reading signaling that a short-term pullback may be possible. The rapid ascent began on […]
Bitcoin has climbed above the $78,000 mark for the first time in recent trading, reaching $78,012.26 on the Binance USDT market, according to Bitcoin World market monitoring. The move extends a broader upward trend that has seen the leading cryptocurrency gain momentum over the past week, fueled by renewed institutional interest and improving market sentiment. […]
Ray Dalio, founder of Bridgewater Associates and a billionaire investor, stated that the rapid increase in global debt poses a growing risk for investors, and that more weight should be given to assets such as gold and Bitcoin. According to Dalio, recent movements in the US Treasury bond market indicate that the long-term “Big Debt […]
A relatively small change in the U.S. government bond market helped set off one of bitcoin’s sharpest rallies in months this week, as falling long-term yields gave traders an excuse to unwind a record pile of bearish crypto bets. The U.S. Treasury said it would double the size of its buyback operations in the longest-dated […]
Raoul Pal, co-founder of Real Vision and a prominent macro investor, has highlighted that Bitcoin recently entered a deeply oversold zone relative to the Nasdaq, trading more than two standard deviations below its historical mean before staging a sharp rebound. Pal, who has long been a vocal advocate for digital assets, noted that while it […]
Why Bitfinex Sees a Longer Runway Than a Squeeze Bitcoin’s climb to a multi-month high has left every buyer from the past five months sitting on a paper gain. The price peaked at $79,491 on Aug. 21, and analysts at crypto exchange Bitfinex said spot demand and short covering, not fresh leverage, carried the move. […]
Bitcoin’s rebound from a summer consolidation period gained momentum as improving on-chain conditions further bolstered the broader bull market structure. The latest move pushed $BTC price toward a crucial area where overhead supply had previously remained relatively thin. Bitcoin, however, had already created solid support levels between $61,849 and $63,111 prior to the recent price […]
Bitcoin has crossed the $79,000 threshold, trading at $79,080.09 on the Binance $USDT market as of the latest data. The move marks another step in the cryptocurrency’s recent upward momentum, though traders remain cautious about potential volatility. Market Context: Bitcoin’s Recent Price Action The latest price increase follows a period of consolidation above the $75,000–$78,000 […]
American investment firm Pantera Capital’s portfolio manager has said “smart money” is helping push bitcoin’s price higher. Cosmo Jiang, portfolio manager at the firm, said in a Friday CNBC interview that the next resistance for the coin’s price could be around $80,000 and that while small pullback was possible, “smart money” was now flooding into […]
It has been suggested that the surge in Bitcoin this week was driven more by intense short liquidations in Binance futures trading than by strong buying in the spot market. According to CryptoQuant analyst BorisD, Binance’s “Short Squeeze” indicator has risen to 6.94, reaching its highest value since November 2024. This data suggests that the […]