Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally
Bitcoin price started a downside correction from the $82,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin failed to stay above $81,500 and extended losses. The price is trading above $80,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with support…
Bitcoin Price Gains Renewed Strength, Market Eyes Bullish Breakout
Bitcoin price started a fresh increase and cleared the $81,500 zone. BTC is consolidating and might aim for more gains above the $82,450 level. Bitcoin managed to stay above $79,200 and started a fresh increase. The price is trading above $80,750 and the 100 hourly simple moving average. There is a bullish trend line forming…
Bitcoin Miners Bag Profit: 3,400 BTC Flow Out Of Reserves Since April
The price of Bitcoin has been relatively stable since the start of April, showing strong efforts to reclaim former highs. In its latest recovery attempt, the premier cryptocurrency finally returned above $80,000 for the first time since early February. Unsurprisingly, a relevant group of network participants, known as Bitcoin miners, appears to be taking advantage…
Analyst Predicts Biggest Bitcoin Bull Trap Of The Cycle, Calls Out 50% Crash To $42,000
Bitcoin’s price recovery is not a new beginning: it is a familiar ending. That is the warning from a crypto analyst, who is of the notion that the current Bitcoin price action is playing out a bull trap the market has seen before and that the setup is pointing to a destination that sees the…
Bitcoin Open Interest Explodes Beyond 2025 All-Time High Levels
Bitcoin is seeing an explosive rise in Open Interest, with derivatives activity now surpassing peak session levels recorded during the 2025 all-time high. This explosive growth reflects rising trader participation and increased leverage that is often seen during periods of heightened anticipation for major price moves. As positions rise across futures and perpetual markets, the…
Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash
Bitcoin’s climb back above $82,000 has led to bullish conviction among investors. However, an interesting technical analysis suggests that the rally may still be part of a corrective structure, not the start of a clean impulsive breakout. That difference is important, because the analysis shows that Bitcoin is now approaching a resistance band that could…
Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There?
A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins…
Bitcoin Price Gives Up Part Of Rally, Sellers Reappear Near Highs
Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $81,000 and the 100 hourly simple moving average. There was a break below a bullish trend line with…
VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031, Research Head Says
Bitcoin is trading just above the $81,000 level as the market waits to see whether the next move will push higher or pull back. Against that backdrop, Matthew Siegel, head of digital asset research at VanEck, reiterated his bullish view on the leading cryptocurrency. In a Wednesday interview with CNBC, Siegel again pointed to a…
Bitcoin Jumps Above $82,000 As US-Iran Deal Hopes Lift Markets
Bitcoin pushed above $82,000 on Wednesday as markets rallied around fresh hopes that the US and Iran are moving closer to a framework agreement that could cool the conflict and ease pressure on global energy markets. The move extended Bitcoin’s recovery from its early-February low near $60,000, putting the asset up more than 36% from…