BTC Price Prediction: Dead Momentum at $64K Makes This a Textbook Sell-the-Rally Setup

The post Bitcoin trades above key technical support as 307 day consolidation nears historic record appeared on BitcoinEthereumNews.com. Bitcoin BTC$64,359.32 is trading around $64,000, marking 307 days within the $60,000- $70,000 range. The consolidation range is now the third longest period spent in any $10,000 price band in bitcoin’s history, behind only the $10,000-$20,000 and $20,000-$30,000 ranges during the bear markets of 2018 and 2022 respectively, according to Glassnode data. From a technical perspective, bitcoin continues to trade above its 200-week moving average, currently around $62,873. Historically, prolonged moves below this level have been short lived, making it a closely watched gauge of the long term trend. Despite holding near $64,000, bitcoin remains roughly 50% below its all-time high reached in October. Onchain data also points to a significant area of support. Glassnode’s Entity Adjusted UTXO Realized Price Distribution, which tracks the price at which bitcoin l

Bitcoin bulls faced "crucial resistance" at $65,000 next as BTC price action diverged from oil and US dollar strength.

Strategy (Nasdaq: MSTR) Executive Chairman Michael Saylor says he feels “invigorated” by bitcoin’s mission as the world moves toward a digital monetary revolution, a doubling-down that comes with bitcoin near $64,000, down roughly 11% this year. Continued Optimism Despite Shaky Macros Saylor’s comment extends a run of pronouncements in which the executive chairman has recast […]

The post SpaceX’s Latest Bitcoin Moves Stir Speculation in Cryptocurrency Circles appeared on BitcoinEthereumNews.com. The recent transfer of a small amount of Bitcoin from a SpaceX-associated wallet has raised eyebrows among cryptocurrency enthusiasts, triggering speculation about the company’s holding strategies. The transaction appears routine, yet it has drawn attention due to Elon Musk’s association and SpaceX’s prominent Bitcoin holdings. Continue Reading:SpaceX’s Latest Bitcoin Moves Stir Speculation in Cryptocurrency Circles Source: https://en.bitcoinhaber.net/spacexs-latest-bitcoin-moves-stir-speculation-in-cryptocurrency-circles

The post Bitcoin Price Today – July 10th appeared on BitcoinEthereumNews.com. The post Bitcoin Price Today – July 10th appeared first on Coinpedia Fintech News Bitcoin has climbed back above $64,000, reclaiming a key psychological level as buying momentum strengthens across the crypto market. The rally follows renewed optimism from both retail and institutional investors. After clearing a major cluster of sell orders around the $63,400–$63,500 range, Bitcoin has gained room to move higher. The next key resistance sits near … Source: https://coinpedia.org/crypto-live-news/bitcoin-price-today-july-10th/

The post A $293 billion fight over Satoshi’s Bitcoin just got a lot more complicated appeared on BitcoinEthereumNews.com. A lawsuit seeking legal ownership of long-dormant Bitcoin addresses, including wallets tied by researchers to Bitcoin’s earliest mining era, has narrowed after the plaintiffs dropped 44 defendants that moved funds after the case was filed. The July 7 voluntary discontinuance removes only a small slice of the 39,069 wallets targeted by the case. But the filing has sharpened scrutiny of the plaintiffs’ central claim that inactivity on a blockchain can support a court declaration that the assets have been abandoned. The lawsuit, filed in New York County Supreme Court by ABC Company, XYZ Company and a pseudonymous plaintiff known as Noah Doe, asks the court to recognize the plaintiffs as owners of wallets they say were found, reported to police, and left unclaimed after a notice campaign. The case has drawn attention because the addresses collectively hold millions of B

The post Metaplanet announces join study to bring BTC-powered digital credit to Japan appeared on BitcoinEthereumNews.com. “The four companies will examine issues in product design, the need for proof-of-concept initiatives, and the possibility of future issuance,” Metaplanet said in a statement. “At this time, nothing has been determined regarding issuance timing, terms, yield, product details, distribution methods, or the form of collaboration.” Japan’s traditional credit market leans in favor of large corporations with public bond offerings. Mid-sized and growth companies often face high costs and operational burdens around issuance, sales, investor management, interest payments and redemptions, according to Metaplanet. Digital credit could open the debt market to these smaller companies, bridging traditional capital markets with onchain technology, enabling 24/7 global trading and settlement, holder-level rights management, automated pro-rata interest calculations and transparent o

The post Wells Fargo Sells 75,102 IBIT Shares, Trims Bitcoin ETF Exposure appeared on BitcoinEthereumNews.com. Bitcoin News Wells Fargo has trimmed its direct Bitcoin (BTC) ETF exposure, selling 75,102 shares of BlackRock’s iShares Bitcoin Trust while cutting stakes across Invesco, ARK 21Shares and Fidelity spot Bitcoin funds. The moves surfaced in the bank’s latest 13F filing (SEC EDGAR), the quarterly disclosure large managers submit on their holdings. The roughly $2.5 trillion institution did not exit Bitcoin entirely, but our reading of the filing points to a more defensive posture on an asset it once held as a core position. The rebalancing arrived alongside heavier put-option exposure on IBIT, signaling downside hedging rather than an outright retreat from the market. The same disclosure shows the bank leaned harder into Bitcoin-proxy equities. Wells Fargo lifted its stake in Strategy — the treasury firm formerly known as MicroStrategy that holds a large Bitcoin reserve — by 125%