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A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target. Key takeaways: A 2021-style bearish divergence on the weekly chart points to a potential 50%+ correction toward $64,000. Peter Brandt warns Bitcoin must reclaim its parabolic trendline soon or risk ending its bull cycle…
Bitcoin price expectations fall in line with a new retest of $100,000 support. Traders see news lows with RSI heading still lower. Key points: Bitcoin is in line for lower lows amid falling RSI and a retest of $100,000. Traders have little hope of a quick BTC price rebound and return to higher levels as…
Bitfinex analysts tell Cointelegraph that Bitcoin could surge next month if US job data turns out to be weaker than expected. Bitcoin may surge to new all-time highs above $115,000 next month if institutional buying continues and US job data is “weaker-than-expected,” say analysts. “In a bullish scenario, driven by strong institutional interest and ETF…
Bitcoin is witnessing a tough battle between the bulls and the bears at $105,000, but several altcoins are showing strength with potential breakout setups. Key points: Bitcoin remains at risk of falling to $100,000, but the long-term picture remains intact. Focus shifts to select altcoins, which are on track to rise above their respective overhead…
Use ChatGPT to summarize market news, interpret on-chain data, compare token metrics, and spot sentiment shifts using structured prompts. ChatGPT can simplify and accelerate crypto analysis by interpreting market data, summarizing sentiment and generating strategy templates. Real traders use ChatGPT for bot development, technical interpretation and backtest simulation, showing practical applications beyond theory. Its strength…
Bitcoin hovers around $105,000, but bulls struggle with upside momentum as $100,000 comes into the picture. Key takeaways: Bitcoin price consolidates around $105,000 as liquidity builds up on either side of the spot price. After failing to flip $106,000, BTC/USD is retracing to establish support, but $100,000 is a key level of interest for Bitcoin…
Bitcoin price action gets off to an uncertain start in June with traders staying cautious on which way the market will head. Key points: Bitcoin stays near its old all-time highs from late 2024 as US stocks digest increased tensions in Europe. Traders shrug off market nerves after BTC/USD drops 8% versus its latest record…
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited. Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Read more…
XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop toward $1.70. Key takeaways: XRP forms an inverted V-shaped correction pattern on the daily chart, risking a 20% drop to $1.70. A bearish divergence from the weekly RSI points to increasing downward momentum. Read more…
Bitcoin sells off amid mounting macroeconomic uncertainty, but data shows pro traders clinging to their bullish price expectations. Key takeaways: BTC futures and options show stable investment sentiment despite the recent price correction. Macroeconomic uncertainty and the escalating US trade war reduce the odds of Bitcoin retesting its recent all-time high. Read more If you…