Bitcoin Resistance at $78K and $83K Could Cap Rally: Schwab
The Schwab Center for Financial Research warned that Bitcoin faces key resistance between $78,000 and $83,000 investor cost basis levels.
The Schwab Center for Financial Research warned that Bitcoin faces key resistance between $78,000 and $83,000 investor cost basis levels.
The Schwab Center for Financial Research warned that Bitcoin faces key resistance between $78,000 and $83,000 investor cost basis levels.
Bitcoin investment products accounted for $1.12 billion in inflows last week, as BTC hit its highest level since early February.
Bitcoin funding rates hit year-high negative levels, setting up a potential short squeeze—or bull trap—as its price tests $76K.
On-chain data show increased selling pressure, with Bitcoin exchange inflows and large-holder deposits spiking to multi-month highs.
Analysts cited easing geopolitical tensions and improving liquidity as driving Bitcoin’s uptick, but warned of a “weak and unstable” market.
Bitcoin’s push towards $75K comes amid declining bearish options flow and spot buying, with analysts leaning slightly bullish.
Altcoin volatility spiked as Fartcoin crashed 28% from its peak, while Hyperliquid recorded $84 million in liquidations.
Crypto prices jumped on the announcement of a two-week ceasefire and the reopening of the Strait of Hormuz—but macro events...
Bitcoin ETFs saw their biggest inflow in six weeks as crypto investors positioned ahead of Trump's Iran deadline.
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© 2018 JNews by Jegtheme.