Bitcoin’s recovery picked up steam on Wednesday as the cryptocurrency rallied above $74,000 amid consistent inflows into the spot Bitcoin ETFs. Do technical charts support the move in BTC and altcoins? Key points: Bitcoin’s strong recovery above $74,000, backed by solid inflows into the US spot Bitcoin ETFs, suggests the formation of a short-term bottom. Several major altcoins are attempting to take part in the recovery by rising above their overhead resistance levels. Read more
Bitcoin’s return to the $70,000 level proves that buyers are absorbing the bulk of selling, but analysts warn that traders should be patient due to market bottoms taking months to form. War in the Middle East failed to sink Bitcoin (BTC) below the $63,000 level. That may have attracted buyers who are attempting to maintain the price above $69,000. However, a quick recovery is unlikely. Macroeconomic newsletter Ecoinometrics said in a post on X that deep drawdowns generally unfold slowly, advising “patience rather than urgency.” Data shared by Bitwise Europe head of research André Dragosch shows that when investors buy and hold BTC for at least three years, the probability of loss drops to 0.70%. Although BTC is down about 50% from its all-time high, its three-to-five year realized price of $34,780 shows that investors who bought and held during the period are sitting on large profits. The big question on traders’ minds is when to buy BTC. BitMEX co-founder Arthur Hayes said in a blog post that every military...
Bitcoin’s attempt to top $70,000 stalled throughout the week, but analysts believe that the short-term downside will be limited. Will altcoins hold on to their weekly gains? Key points: Bitcoin continues to face selling on minor rallies, indicating a negative sentiment. Several altcoins have turned down from the overhead resistance levels, indicating the bears are active at higher levels. Read more
Bitcoin bulls rushed toward $70,000, and ETH reclaimed $2,000 following a drastic improvement in investor sentiment, but will the gains hold? Key points: Bitcoin bulls have pushed the price above $69,000, signaling solid dip buying at lower levels. Several major altcoins have turned up sharply, suggesting that selling pressure is reducing. Read more
Bitcoin and altcoins sold-off as US stock markets digested US President Donald Trump’s fresh 15% global tariff. Are new 2026 lows in store? Bitcoin’s (BTC) weakness extended into the weekly open as major stocks sold off in response to US President Donald Trump’s threat to enforce a 15% global tariff after the Supreme Court ruled that his IEEPA tariffs were illegal. Market sentiment remains fragile, as the Crypto Fear & Greed Index at 5 out of 100 remains in the “extreme fear” zone. Pseudonymous trader and investor BitcoinHyper said in a post on X that the index has been in the extreme fear zone for nearly three weeks, the longest since 2022. Traders on the prediction market Polymarket have increased the odds of BTC falling below $55,000 to 72%. The prediction market expectations matches several analysts and financial institutions who expect a fall near or below $55,000. Read more
The failure of the bulls to start a strong recovery in Bitcoin and the major altcoins suggests that the bears intend to remain active at higher levels. Key points: Bitcoin bulls are struggling to sustain the intraday rallies, indicating that every minor rise is being sold into. Select major altcoins are showing weakness, signaling a drop to their strong support levels. Read more
Technical charts show Bitcoin price hanging on to softening support in the $68,000 to $65,000 zone, and a breakdown below the level could usher in new lows in the $50,000 range. Key points: Bitcoin remains under pressure, and the downside might accelerate if the $65,118 level is breached. Several major altcoins are attempting a recovery, but the bears remain sellers on rallies. Read more
The relief rallies in Bitcoin and several major altcoins are stalling near their respective overhead resistance levels, signaling that the bears remain in control. Key points: Bitcoin remains under pressure as bears are selling on rallies near the $74,508 resistance The bears are mounting a solid defense in several major altcoins at higher levels, indicating a negative sentiment. Read more