The Rainbow Chart places the “Fire Sale” band at $96,239.07, suggesting that the current price remains in a zone of historical undervaluation. Bitcoin is trading near $69,817, struggling to overcome the “Bitcoin is dead” technical zone set by the model at $72,201.85. Technical indicators show a neutral RSI of 51.
Bitcoin's surge may boost bullish sentiment, influencing market dynamics and trader strategies amid ETF activity and geopolitical complexities. Bitcoin surges over 4% to surpass $70,300 amid short liquidations and ETF inflows.
Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.
Metaplanet holds 40,177 BTC after buying 5,075 more and targets 210,000 BTC, equal to about 1% of Bitcoin's total 21 million supply.
Since March 27, the price of Bitcoin (BTC) has been confined to a narrow range above the $65,000 support level.
Reacting to the report of the U.S. M2 money supply hitting a record $22.7 trillion, Gemini co-founder Tyler Winklevoss took to X (formerly Twitter) to share his take on the macroeconomic milestone.
Bitcoin's rise amid geopolitical tensions highlights its potential as a safe-haven asset, reflecting market caution and strategic hedging. Bitcoin rises as markets await Trump's Iran deadline, June 30 price target in focus: ZeroHedge.
Bitcoin rose with the rest of the crypto market on Monday after President Donald Trump struck a mixed tone on a possible deal with Iran to reopen the Strait of Hormuz, prompting a relief rally that lifted prices but left the broader market setup unresolved.
Bithumb's $40 billion payout error has pushed South Korea's Financial Services Commission (FSC) to change existing regulations in order to prevent a repeat. All major exchanges are now required to make sure their ledgers and crypto balances are consistent every five minutes.
Michael Saylor's Strategy resumed its Bitcoin buying spree last week, after reporting no purchases during the final week of March.
Options data shows traders are bracing for a sharp bitcoin drop as weak demand and fragile positioning leave the market exposed to a break below key levels, a report from Bitfinex shows.
Bitcoin faces a CME gap near $67,500 and a third trendline rejection, leaving traders watching for the next short term move.