Bitcoin bears trapped, but can BTC price surpass $70K by August?
Bitcoin price has confirmed its price reversal, but can it reclaim the $70,000 mark before the end of summer? Go to Source
Market Analysis
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Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
Bitcoin bulls may be able to trap late sellers below key bull market trendlines as BTC price weekend gains pass 5%. Go to Source
Bitcoin traders say BTC’s trend change decision rests at $65K
Bitcoin’s trend change decision awaits at $65,000 where short-term traders breakeven and leveraged shorts risk a major washout. Go to Source
Summer Consolidation to Precede US Election ‘Fireworks’ in Crypto Markets, Says QCP Capital
Despite several bullish indicators, including a significant bitcoin purchase by Microstrategy and optimistic projections by notable figures, bitcoin’s price action remains subdued. Market analysts at QCP Capital shed light on the underlying factors contributing to this paradox. Bullish Signs Clashing With Market Realities In its market commentary, QCP Capital mentioned how Microstrategy expanded its BTC … Read more
Report: Bitcoin Market Lacks Upward Momentum Amid Weak Demand
Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction, according to the latest analysis from Cryptoquant researchers. Cryptoquant: … Read more
XRP price could break out as open interest increases
Despite a potential breakout, XRP’s price remains tied to developments regarding the lawsuit between the SEC and Ripple. Go to Source
Ethereum price to $10K is the most ‘asymmetric bet’ in crypto — Analyst
Ether’s potential move to $10,000 would result in a 194% price increase from the current levels, but ETH continues struggling to break the $4,000 mark. Go to Source
JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from wallstreetonparade.com, underscores the increasing concentration of profits within … Read more
Bitcoin Wyckoff pattern eyes $85K, but BTC price must close the week above this level first
Bitcoin first needs a weekly close above the $71,300 mark to confirm a likely price breakout to new all-time highs. Go to Source
Analysts Bullish on Bitcoin: QCP Capital Foresees New All-Time Highs in June
Singapore-based QCP Capital indicates that bitcoin could potentially exceed its all-time high of $73,794 this month by crossing the $74,000 threshold. The signals QCP emphasized were derived from bitcoin call options with June expiries. Several Market Observers See Bullish Bitcoin Momentum Ahead Several analysts and researchers have a positive outlook on bitcoin’s prices for June. … Read more
