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Bitcoin Price Bounce Weakens, Recovery at Risk of Fading Again

Bitcoin price started a recovery wave from $68,000. BTC is now back above $70,000 and might struggle to continue higher in the near term. Bitcoin started a decent recovery wave above $69,500 and $70,000. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $71,500 and $72,000 levels. Bitcoin Price Attempts…

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Next Major Bitcoin Catalyst May Be A New ‘Big Print’: Expert

John Haar, managing director at Swan Private, says the policy response to COVID remains one of the clearest catalysts for Bitcoin adoption in recent years and argued that another large-scale round of money creation is likely a matter of when, not if. In an interview with Milk Road, Haar said the next “big print” may emerge within the next three to 24 months, driven by anything from war and banking stress to pension insolvency or AI-related labor disruption. The Next Big Print Favors Bitcoin Haar framed the argument less as…

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Strategy Unveils New $44B Plan to Fund Bitcoin Purchases

Strategy is increasingly turning to perpetual preferred stocks to fund its Bitcoin strategy, with the company adding 90,000 BTC to its balance sheet so far this year. Michael Saylor’s Strategy has announced several capital-raising programs totaling $44.1 billion to fund Bitcoin purchases, including the sale of common shares and two of its dividend-paying equity vehicles. Strategy plans to raise up to $21 billion by selling Strategy (MSTR) stock and another $21 billion from its high-yield perpetual preferred stock, Stretch (STRC), via new at-the-market programs, the company said in an 8-K…

Ethereum Breakdown Incoming? RSI Trendline Snaps As Double Confirmation Looms

Ethereum is flashing early warning signs as momentum begins to shift beneath the surface. The RSI trendline break on the USDT pair suggests weakening strength, while the ETH/BTC pair now sits on the edge of following suit. With a familiar breakdown pattern taking shape, the risk of a double confirmation is rising, one that could open the door to a sharper move lower. RSI Breakdown Signals Early Weakness On Ethereum/USDT According to a recent Ethereum analysis from Umair Crypto, the USDT pair has already seen its RSI trendline break, signaling…