Bitcoin was “rejected” from the $80,000 price level, which is its next resistance zone on the way to reclaiming the $100,000 psychological price level. The price of Bitcoin (BTC) could bottom out at the $57,000 level in October 2026, despite rallying by more than 29% since the low of about $60,000 in February, according to Bitcoin investor and author Michael Terpin. Terpin told Cointelegraph that his forecast is based on the “historical average” drawdown of about one year from a market cycle top, which was reached in October 2025 when BTC surged to an all-time high above $126,000, to the cycle bottom. Bitcoin’s price needs to reclaim the $100,000 level for the bull market to resume, which will likely occur when the price falls below the 200-week moving average, a dynamic and critical support level, he said. Terpin added: Read more
Bitcoin market participants favored a short-term return to $73,000 as resistance stayed in place, with some analysis seeing even lower levels. Bitcoin (BTC) risked a return to $73,000 as the weekend began after bulls failed to reclaim a key trend line. Key points: Bitcoin price analysis increasingly sees $73,000 getting retested in the short term. Read more
A Hyperliquid whale holds large short positions against Bitcoin and several altcoins. Does the position provide any signal on the markets’ future outcomes? Key takeaways: A whale linked to asset manager Fasanara Capital holds a $38 million crypto short position, but will it impact Bitcoin’s price? Negative futures funding rates at Binance and Bybit point to unusual demand for bearish positioning despite BTC’s recent price gains. Read more
The hard fork will introduce a new, competing layer-1 blockchain and seven layer-2 scaling networks, according to Sztorc's announcement. Bitcoin developer Paul Sztorc announced on Friday that a new hard fork of the Bitcoin network called eCash will be deployed in August. Bitcoin holders will be able to exchange their BTC for eCash at a 1:1 ratio once the hard fork is live, Sztorc said in an X post. He added that the layer-1 node software for the chain will be a “near-copy” of the BTC Core client software and will use the SHA-256 hashing algorithm used by the Bitcoin blockchain, with a reduced initial mining difficulty to make it easier for participants to mine blocks. Source: Paul Sztorc Read more
Bitcoin and risk assets faced an uphill struggle after the S&P 500 hit new all-time highs as analysis warned that BTC price support was at risk. Bitcoin (BTC) stayed glued to $78,000 on Friday with markets “awaiting clarity” from the US-Iran war. Key points: Bitcoin stalls in its bid to recapture $80,000, as US stocks tread water. Read more
Nakamoto launched a Bitcoin derivatives program with Bitwise and Kraken, aiming to generate options premiums and hedge part of its BTC treasury exposure. Nasdaq-listed Bitcoin treasury company Nakamoto announced on Friday an actively managed Bitcoin derivatives program designed to generate recurring income from volatility while hedging part of its downside exposure. Nakamoto said the program has been in place since the first quarter of 2026 and uses a portion of the company’s Bitcoin holdings as collateral for a derivatives strategy managed by Bitwise Asset Management in a separately managed account. Under the arrangement, a portion of the company’s Bitcoin is held in Kraken’s qualified custody solution and used as collateral for a derivatives strategy managed by Bitwise Asset Management in a separately managed account. Read more
Historically, MSTR’s outperformance signals traders are taking more risk, betting Bitcoin’s worst drawdown phase may be over. Strategy’s MSTR stock has jumped roughly 25% over the past month, outperforming Bitcoin’s circa 9% gain and reviving a historical signal that has often appeared near BTC cycle bottoms. Key takeaways: Historically, a sustained MSTR outperformance versus Bitcoin has preceded the latter’s bear market bottom. Read more
Spot XRP ETFs record net inflows for nine consecutive days, absorbing sell pressure and potentially supporting XRP price recovery over time. XRP (XRP) has fallen about 5% against Bitcoin (BTC) over the past week, and the confirmation of a bearish pattern now points to the risk of more losses ahead. Key takeaways: XRP/BTC’s descending triangle pattern on the weekly chart points to a possible 40% drop. Read more
Bitcoin price action has one more week to go until it potentially achieves its biggest month's gains since late 2024. Bitcoin (BTC) will cement its biggest monthly gains since late 2024 if it closes at current levels. Key points: Bitcoin is on track to see its best monthly performance since late 2024, narrowly beating April 2025. Read more
Metaplanet raises $50 million through zero-interest bonds from EVO FUND to expand its Bitcoin treasury, extending its capital markets-driven accumulation strategy. Tokyo-listed Metaplanet has issued 8 billion Japanese yen ($50 million) in zero-interest bonds to EVO FUND, with the proceeds earmarked for additional Bitcoin purchases, according to a Thursday filing. According to the filing, the 20th series of ordinary bonds matures in April 2027 and is unsecured, giving Metaplanet another source of zero-interest funding as it expands one of the largest corporate Bitcoin treasuries in the market. EVO FUND, a Cayman-based fund at the core of Evolution Financial Group, specializes in structured financings for digital asset-focused companies and is the main subscriber to Metaplanet’s zero-coupon bonds used to fund Bitcoin purchases. Read more
MN Trading Capital founder Michael van de Poppe doesn’t expect Bitcoin to drop below $75,000 in the near term, even as Polymarket traders price in a different outcome. Momentum from Bitcoin’s recent rally could spill into the altcoin market, which could see gains of as much as 60% if Bitcoin continues to rise, according to a crypto analyst. “I think this leg has enough room to continue to $86K, and altcoins to run 30-60% from here,” MN Trading Capital founder Michael van de Poppe said on Thursday. A move to $86,000, a level Bitcoin hasn’t seen since Jan. 28, would represent about a 10% increase from its current price of $77,890, according to CoinMarketCap data. Read more
A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising? Bitcoin (BTC) has rallied 30% since its 2026 low of $60,000, and stablecoin balances on exchanges suggest the market has entered a disbelief phase, with roughly $7.5 billion in USDC on Binance highlighting readily deployable capital that traders could start positioning soon. Data show that derivatives market positioning has not kept pace with the bullish price trend. Crypto analyst Darkfost tracked the 30-day cumulative funding rate, which aggregates funding over time to reveal sustained positioning. The metric stands near -4.5%, reflecting a prolonged bearish bias against the current move. The analyst explained that the negative funding creates conditions that incentivize traders to take the opposite side. Read more
Bitcoin brought its bull market support band as a key level for BTC price action to reclaim during the weekly candle close. Bitcoin (BTC) slipped from near three-month highs on Thursday as attention turned to the weekly close. Key points: Bitcoin retraces after its latest trip to its highest levels in several months. Read more