Category: Cryptocurrency news

Bitcoin’s $87K breakout fails – Why $1.05B in profits could pressure BTC

Bitcoin’s [$BTC] latest pullback reflects a failed attempt to break the $87,100 resistance that has capped its recovery. After pushing into that zone, Bitcoin reversed sharply, falling nearly 4% toward $83,800 as selling intensified. However, the decline has so far stopped above the $82,900-$83,000 range floor. In turn, this keeps the broader recovery structure intact. […]

Famous Crypto Analyst Says, “I Was Wrong”: “Bitcoin’s Four-Year Cycle Is a Complete Illusion”

Crypto analyst Dan Gambardello has announced a change in his view on the “four-year cycle” approach, long considered a fundamental point of reference in Bitcoin and the crypto market. Gambardello, who for years used the four-year cycle linked to Bitcoin halving events in his analyses, stated that he now believes the crypto market is primarily […]

Chief Market Strategist Comments Highly Bullish on Bitcoin

James E. Thorne, Chief Market Strategist at Wellington-Altus, evaluating Bitcoin’s long-term technical outlook, stated that the medium-term trend in the cryptocurrency market has turned bullish again, and the current structure presents a very strong outlook. According to Thorne, Bitcoin’s weekly chart currently points to one of the strongest technical setups in the market. He notes […]