Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs

Key takeaways: Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces. On-chain data suggests the current profit taking is too weak to extinguish Bitcoinโ€™s current price momentum. Bitcoin (BTC) price has spent the bulk of the week pinned below $104,000 to $105,000, which many analysts have labelled as a resistance zone, but an alternative view suggests that BTC is simply consolidating within a bull flag. A bull flag is a continuation pattern that…

Altcoins are on the verge of โ€˜most powerful rallyโ€™ since 2017 โ€” Analyst

Key takeaways: The altcoin market cap, excluding Ether (ETH), has added $126 billion in Q2, sparking enthusiasm from analysts who have been waiting for an altseason. Crypto analyst Javon Marks noted a breakout that could rival the explosive 2017 bull run.ย  In a recent post on X, Marks highlighted a chart comparing the TOTAL3 index (total market cap of altcoins excluding Bitcoin (BTC) and Ethereum) against the US money supply, suggesting that altcoins may be on the verge of a significant rally.ย  A rise in TOTAL3 against the US money…

Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M โ€” Time for BTC to rally?

Key takeaways: Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days. $6.8 billion in long positions far outweight the current $25 million in shorts. Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors. Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex have cut their leveraged long positions by more than 18,000 BTC during this time. This wave of profit-taking in margin markets has led to speculation that professional traders may not be fully confident in the…

Whales Buy 1B DOGE in a Month โ€” Dogecoin Rally Ahead?

Key Notes DOGE is down 2% in 24 hours, trading near $0.2235 after a strong weekly surge. Over 1 billion DOGE tokens have been accumulated by large investors in 30 days. Analysts eye a breakout above $0.26, with a target price of $0.40. Dogecoin DOGE $0.18 24h volatility: 5.1% Market cap: $27.07 B Vol. 24h: $1.05 B is currently undergoing a period of consolidation after a 9% weekly surge. At the time of writing, the largest meme coin is trading near $0.2235, down by 2% in the past 24 hours.…

Bitcoin Holds Above $100K as Analyst Predict Crypto Rally Into Summer

The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC$103,148.10 close to record prices. The consolidation occurred amid a slew of U.S. economic data releases. April retail sales missed expectations, producer prices rose less than forecast, jobless claims stayed on track, while the NY Empire State Manufacturing Index and Philadelphia Fed Manufacturing Survey showed softening business activityโ€”signals that did little to rattle traditional markets. The S&P 500 added 0.4%, while the Nasdaq finished flat. Bitcoin pulled back…

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Fan Tokens Rally as UCL Grand Finale Approaches

Key Notes PSG and INTER tokens rise two weeks ahead of the UCL final. Fan tokens see a cumulative growth of 1.5% in 24 hours. The broader crypto market is seeing a cooldown. The finalists of the 2024/25 UEFA Champions League season, one of the most popular club football tournaments, are seeing a rise in their fan tokens. Paris Saint-Germain Fan Token (PSG) rose 13% and reached a local high of $2.80 earlier today. The asset is currently trading at $2.75. PSGโ€™s market cap is hovering at $24.45 million. The…

Avalanche Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artรญculo tambiรฉn estรก disponible en espaรฑol. After reclaiming a crucial level over the past week, Avalanche (AVAX) faces resistance near the $27 mark. Some analysts have suggested that reclaiming this area could kickstart a rally…

Ethereum Rally Pauses as Investors Move to Self-Custody

Key Notes ETH price falls nearly 4% in 24 hours, now trading around $2,567. Ethereum loses $13 billion in market cap during the latest pullback. Over 1 million ETH withdrawn from exchanges, signaling long-term holding sentiment. After surging from the $1,800 level to a high near $2,700 within a week, Ethereumโ€™s impressive rally is finally cooling off. At the time of writing, ETH ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B is trading around $2,567, down nearly 4% in the past 24 hours. According…