Bitcoin’s recent surge was short-lived as the $100k mark continued to pose a threat, suppressing further buying phase. While gathering liquidity, it may lose momentum if this mark level continues to hold as resistance.  Last week, Bitcoin attempted a bullish move after a slight break from a two-week consolidation phase. The move was quickly stopped under the $100k mark and the price slipped back into the $95k range – which has been the asset’s average trading price level for almost three weeks now. That technical resulted in a false breakout with a trap at around $99,500. Looking at the setup,

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A recent analysis by crypto analyst Ali Martinez on X suggests that Ethereum may be forming a rising wedge pattern, a technical indicator that could signal a pullback before a possible correction to $2,350. However, Martinez notes that this bearish outlook could be invalidated if Ethereum manages to close above $2,800, a crucial resistance level. If #Ethereum is indeed forming a rising wedge, this could be the pullback before a possible correction to $2,350. However, the bearish outlook could be off the table if $ETH manages to close above $2,800! pic.twitter.com/7elndzZmZU — Ali (@ali_charts) August 15, 2024 Adding to the

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Bitcoin prices have rebounded strongly, soaring above $68,000 and sparking a surge in perpetual futures activity. This significant appreciation in price has provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit. #Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity. The appreciation in price has also provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit. Discover more in the… pic.twitter.com/NGVq0Cw72E — glassnode (@glassnode) July 24, 2024 The Bitcoin network hashrate has also been on the rise, recovering

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