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Bitcoin has been forming a pattern for years now, and even with the uncertain price movements, this pattern has now finally be completed. This was explained by crypto analyst Bitcoin Teddy on the X social media platform, showing this pattern, how it was formed, and what the implications are for this formation on the Bitcoin price. The Mid-Year Cup And Handle Pattern That Was Years In The Making In the post, the crypto analyst pointed out that the Bitcoin price has completed a Cup and Handle pattern formation. Unlike some Cup And Handle patterns that are formed in a relatively short time, the analyst says this one has actually been forming for years, and now it’s finally ready to play out. Related Reading: Dogecoin Could Rally 300x And Cross $20, Analyst Claims This pattern was completed with the most recent Bitcoin retest of the $60,000 support. This support was broken briefly, but the price quickly recovered. What this suggests is the formation of the handle part of the pattern after
Read full articleThe shutdown highlights the challenges of sustaining Layer 2 networks without token incentives, impacting future Bitcoin scalability solutions. The post Botanix to wind down Bitcoin Layer 2 network, urges asset withdrawal by July 9 appeared first on Crypto Briefing.
Bitcoin has recorded its worst weekly performance since the 2022 FTX collapse, sliding below $60,000 in a rout that erased roughly $390 billion in crypto market value. A Drawdown Not Seen Since 2022 Bitcoin closed out one of its ugliest stretches in years, dropping about 17.3% while ether fell roughly 22%, the largest weekly declines […]
In today’s crypto news (June 10), Bitcoin ended a few days of positive price action by crashing nearly -3% overnight, to $61,000, before recovering to $61,500. However, traders are seemingly learning, as there wasn’t a huge liquidation event during the BTC drop, with just $400M in positions wiped out, though more than $300M of that.. The post Crypto News Today (June 10): BTC Crashes to $61K, The Trump Family Makes $2.3Bn from Crypto and Japan Introduces ‘Crypto Vouchers’ appeared first on 99Bitcoins.
SpaceX S-1 filing and $1.67B digital asset fund outflows signal a liquidity test for Bitcoin as megacap IPOs compete for cash. New equity supply now matters.
SpaceX’s IPO draws over $250B in orders as analysts examine whether its June 12 debut could drain liquidity from Bitcoin and crypto markets.
Iran’s deputy foreign minister pushed back on Monday, saying Tehran had nothing to do with deliberately bringing down the American helicopter, suggesting what happened could have been an unintended consequence of heightened tensions in the region. That denial, however, did not stop US President Donald Trump from ordering a military response — and crypto markets […]
Heightened US-Iran tensions could destabilize global oil supply, prompting increased interest in Bitcoin as a perceived financial safe haven. The post US and Iran exchange strikes after helicopter downing, rattling oil markets and boosting Bitcoin’s safe haven narrative appeared first on Crypto Briefing.
SpaceX’s IPO draws over $250B in orders as analysts examine whether its June 12 debut could drain liquidity from Bitcoin and crypto markets.
