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Crypto analyst Crypto Rover has pointed to a trendline that Bitcoin has never broken below in every market cycle. The leading crypto has now touched this trendline, providing optimism that it could bounce from that level as it did in previous bear cycles. Bitcoin Touches Trendline That Has Led To Parabolic Rallies In an X post, Crypto Rover revealed that Bitcoin has again touched the trendline it has never broken below in 9 years. Instead, BTC has seen parabolic rallies whenever it touches this trendline. In 2017, it rallied 1,300% after touching this trendline; in 2018, it rallied 1,900% after touching it; and in 2020, it rallied another 1,900% after touching it. Bitcoin saw another parabolic rally of 700% after touching this trendline in 2022. Related Reading: The Verdict Is In For Bitcoin: Majority Of Investors Say BTC Price Is Headed Lower, Here Are The Numbers Now, Bitcoin has once again touched this trendline, offering optimism that it could bounce from this region as it did in
Read full articleTrump’s Iran warning and 6.5% PPI put oil, bitcoin, and equities on alert as traders weigh inflation. Trump’s new warning on Iran and a hotter 6.5% producer inflation print gave bitcoin traders a fresh macro test Thursday, with oil, stocks, and crypto all caught between geopolitical risk and rate-cut anxiety. Inflation Reprices the Trade The […]
Musk's acknowledgment of Szabo's influence on Bitcoin's ideas fuels ongoing debates about crypto origins, impacting market narratives and investor sentiment. The post Elon Musk credits Nick Szabo for Bitcoin’s foundational ideas appeared first on Crypto Briefing.
Hedgeye has filed for a “Hedged Bitcoin” ETF that would combine exposure to spot ETFs with an options overlay designed to reduce volatility and manage downside risk. Bloomberg ETF analyst James Seyffart flagged the filing on X, calling it a new attempt to package BTC exposure in a more defensive wrapper. “WOAH — NEW: Hedgeye […]
BitGo's Lightning Earn could transform institutional Bitcoin holdings by providing a regulated, yield-generating alternative to passive storage. The post BitGo launches Lightning Earn, letting institutions pocket routing fees on Bitcoin’s fastest network appeared first on Crypto Briefing.
Bitcoin has fallen back toward $62,500 after U.S. producer inflation accelerated beyond expectations, adding fresh uncertainty ahead of the Federal Reserve’s June policy meeting. According to data from the U.S. Bureau of Labor Statistics, the Producer Price Index rose 1.1%…
After suffering one of its steepest corrections in recent months, Bitcoin is showing early signs of stabilization above a major demand zone. However, with the price still trading below several important resistance levels, the recent bounce may simply represent a temporary relief rally within a broader corrective phase. Bitcoin Price Analysis: The Daily Chart On […]
OKX's initiative could significantly boost crypto adoption by integrating digital assets with global sports events, enhancing fan engagement. The post OKX launches football prediction program with Bitcoin rewards tied to 2026 World Cup appeared first on Crypto Briefing.
Bitcoin's potential rebound and geopolitical developments could signal a turning point for digital assets. The post Anthony Pompliano: Bitcoin could rebound 10-15%, geopolitical deals are influencing market sentiment, and AI investments face significant volatility | Galaxy Brains appeared first on Crypto Briefing.
