Has the Lull in Bitcoin Lasted Too Long? Bitwise Identifies Two Levels That Could Separate the Bulls from the Bears

Bitwise’s Bitcoin analysis published today notes that despite the price being confined to a narrow range, there is a significant divergence among investor groups. The company stated that Bitcoin ETF investors are showing resistance around the approximately $82,000 cost zone. Below this, short-term investors are drawing attention to the “True Market Mean” indicator around $77,600, […]

AbraGlobal Expands Bitcoin Yield Strategy for US Investors

AbraGlobal has expanded its tokenized yield strategy suite to include Bitcoin, allowing eligible US investors to earn yield on BTC. This move, reported by CryptoTwitter commentator @Morpho, reflects a growing trend in crypto-backed financial products. By integrating Morpho’s technology, Abra aims to enhance investment options for its users, signaling potential shifts in the market landscape. […]

Bitcoin Investors Look To Mid-Term And Fed Meeting Results Amid Range-Bound Trading

Bitcoin investors are currently looking to the outcome of the upcoming mid-term elections, Federal Reserve policy meeting and tech earnings announcements for clues regarding the cryptocurrency’s next moves as it trades range-bound. The digital currency has been trading within a relatively modest range since earlier this month, a fact that was noted by several analysts […]

James Wynn Opens 40x Short on Bitcoin

James Wynn has re-emerged in the crypto scene by opening a substantial 40x short position on Bitcoin. This move, valued at approximately $40.5K, has drawn attention as traders consider its implications. The liquidation price is set at $82,671.48, indicating considerable risk and potential impact on market dynamics. Observers are keen to see how this strategy […]

Bitcoin Price Analysis: BTC Risks Dropping Below $79K After Second-Week High Sweep

Bitcoin fell toward $81,736 after reaching $84,800, reversing above October’s second-week high near $84,400. This $BTC retreat consequently raised the risk of a failed breakout, exposing the token to potential downside risks below $79,000. Price Level Technical Significance $84,400–$84,800 Swept resistance zone $83,700 Monthly equilibrium $81,000–$80,400 Immediate support $79,800–$79,600 Downside liquidity zone $77,600 Lower valuation […]

Bitcoin appears to have decoupled from midterm cycle bottom history

U.S. midterm elections are just 10 days away and bitcoin $BTC$84,459.46 is approaching a period that has historically coincided with major bear-market bottoms, although this year’s recovery suggests the timing could differ. Bitcoin bottomed in January 2015, December 2018 and November 2022, shortly after the preceding midterms. Those lows arrived approximately 71, 38 and 13 […]