NewsBTC·
Popular market pundit Michaël van de Poppe has stated that Bitcoin has already recorded its cycle bottom. The premier cryptocurrency is currently in a sustained uptrend that began in early April. During this time, Bitcoin’s price has surged from around $67,500 to a recent peak of around $80,000, culminating in an approximate net gain of 20%. Related Reading: Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch 50-Week MA Indicator Represents Pivotal Encounter For Bitcoin Bulls In line with his bullish outlook, van de Poppe has highlighted two crucial price barriers that lie ahead in this postulated market recovery, supported by a historical pattern that transcends market cycles. Using data from 2017 to 2024, the seasoned analyst explains that the first rally in any bull cycle often encounters pivotal resistance at the last significant support level and/or the 50-Week Moving Average (MA). Going by this historical data, the immediate resistance level for Bitcoin lies b
Read full articleNew Jersey's pension fund strategy highlights a cautious yet innovative approach to crypto exposure, balancing risk with regulatory compliance. The post New Jersey State Pension Fund holds $16.2M in Strategy shares for Bitcoin exposure appeared first on Crypto Briefing.
Bitcoin avoided a weekend drop as $80,000 stayed in place, but traders saw BTC price action dipping below before continuing higher.
The leader was quite obvious but let's break down the numbers.
Michael Saylor posted “Back to work. BTC” on X Sunday, May 10, 2026, alongside an image of Strategy’s bitcoin holdings tracker, signaling the firm is resuming its aggressive accumulation after a one-week pause. Strategy Flips Switch to Accumulation Mode The social media post came alongside a chart showing Strategy, formerly known as Microstrategy, holding 818,334 […]
Strategy CEO Phong Le says Q1 software growth and AI work support the company’s Bitcoin treasury model.
Bitcoin traders watch Iran-US developments and key US inflation data as markets prepare for another volatile macro week.
Bitcoin continues to trade within a broader recovery structure following the strong rebound from the $60K region. However, despite the recent bullish momentum, the market has been struggling to reclaim a decisive resistance zone at the $80K region, where the next major directional move is likely to emerge. Bitcoin Price Analysis: The Daily Chart On […]
Bitcoin has climbed above a key price zone that analysts had flagged as a major obstacle — and that move is drawing fresh attention to who actually holds the coin. Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank Long-Term Holders Absorb More Supply Around 830,000 BTC has left short-term trader wallets in recent months, pushing the share of Bitcoin held by long-term addresses to 78%, up from 74% in the previous cycle. Data from on-chain tracking account Alphractal shows the shift is one of the largest recorded in recent memory. As more supply gets locked away in long-term wallets, the amount available for active trading keeps shrinking. That tightening supply tends to work in favor of prices during periods of steady demand. When fewer coins are circulating, selling pressure during price dips tends to be weaker. Reports indicate that long-term holders have been absorbing supply consistently relative to price movements, which has contributed to t
