Tag: Rally

Will Bitcoin price rally higher as ascending triangle takes shape?

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Bitcoin price rose 6.7% on Wednesday to a 3-week high of $72,379 as the ongoing war between the U.S. and Iran showed signs of de-escalation. Summary Bitcoin rose 6.7% to a three-week high of $72,379 as a two-week US-Iran ceasefire eased geopolitical tensions and boosted risk appetite. Falling oil prices below $100 cooled inflation fears, driving gains across crypto, equities, and commodities. An ascending triangle pattern and strong momentum indicators point to further upside, with $74,500 as the next key resistance. According to data from crypto.news, Bitcoin (BTC) briefly surged…

$2,500 Break Could Trigger Major Rally — Expert’s Price Scenarios

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Ethereum (ETH) slid on Tuesday, trading just above $2,080 as the wider crypto market weakened — a level well shy of a critical threshold identified by expert Ali Martinez as the trigger for a sustained macro bull run.  In a breakdown shared on social media platform X, Martinez argued that reclaiming a realized price near $2,500 would mark the moment the average holder returns to profit and signal the end of the market’s “cooling period,” opening the door to a renewed, extended rally. Technical Crossroads For Ethereum Martinez framed the…

Bitcoin Price Jumps Amid Peace Talks, Risk Appetite Ignites Rally

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Bitcoin price started a strong increase above the $70,000 zone. BTC is consolidating gains and might aim for more gains above the $71,500 zone. Bitcoin gained pace for a move above the $69,500 and $70,500 levels. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $70,250 and $69,500 levels. Bitcoin Price…

Trump’s Iran Deadline and the Case for a $75K Bitcoin Price Rally

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Key takeaways: President Trump’s Tuesday deadline to Iran creates a pivotal moment for Bitcoin as it continues to decouple from gold. While a ceasefire could boost equities, Bitcoin’s $75,000 path depends on its role as a hedge against fiscal instability. BTC may benefit from (no) US-Iran ceasefire There is a high probability that US President Donald Trump’s Tuesday deadline to Iran could be the catalyst needed for a Bitcoin (BTC) rally above $75,000. Should a deal fail to materialize, Bitcoin’s risk perception could strengthen due to its unique decentralized properties.…

Bitcoin Reclaims $70,000 as Middle East Ceasefire Hopes Spark Relief Rally – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin hit $70,275 on April 6, lifting market cap above $1.4T and triggering $325M liquidations. WTI crude swung from $112.24 to $109 before rebounding above $110 as Tehran rejected U.S. proposals. Ethereum surged 5% to $2,165, while ADA and LINK gained over 6%, pushing altcoin cap past $1.1T. Energy Markets and the ‘Olive Branch’ Volatility Bitcoin surged to the $70,000 mark Monday, April 6, buoyed by reports of a potential 45-day ceasefire in the Middle East. Market sentiment shifted as diplomatic efforts sought to avert a massive escalation…

XRP Price Gains Ground, Traders Question Strength of Rally

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Why Bearish Bets and ETF Flows May Spark a Rally

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Key takeaways: Bitcoin hitting $72,000 would liquidate $2.5 billion in shorts, potentially crushing bears who are overleveraged. Iran’s war and high oil prices currently pressure BTC, but a ceasefire or ETF inflows could spark a rapid recovery. $2.5 billion in shorts at risk if BTC hits $72,000 Bitcoin (BTC) has consistently failed to hit new highs since attempting to reclaim the $75,000 level since March 17. Bearish Bitcoin futures bets have been piling up as the war in Iran pushed oil prices to their highest levels since June 2022. However,…

Bitcoin Rally To $75K Still Possible Despite Huge Macro Challenges

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Key takeaways: Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining? Institutional Bitcoin ETF outflows and miner sales test BTC’s strength, but the Federal Reserve’s options for addressing the federal deficit may also favor scarce assets. Bitcoin (BTC) faced rejection at $69,000 on Wednesday after President Donald Trump’s speech failed to guarantee an end to the war in Iran. Oil prices soared following the speech and beyond traders’ war-related worries, tumult in the private credit markets is also taking a toll…

$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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Key takeaways: A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices. The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market. Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a…

Bitcoin Reclaims $69,000 as US-Iran De-escalation Hopes Spark Global Market Rally – Markets and Prices Bitcoin News

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Intraday Volatility On Wednesday, April 1, bitcoin twice breached the $69,000 threshold as global markets rallied on the strongest signals yet of a potential diplomatic resolution to the conflict between the United States and Iran. After an early session characterized by choppy consolidation between $67,500 and $68,200, bitcoin ignited a mid-morning rally, hitting an intraday peak of $69,268. The momentum proved fleeting, however, as a wave of profit-taking dragged the asset back below $68,000 by 10 a.m. EST. By 1 p.m. EST, the top cryptocurrency mounted a second offensive, momentarily…