Bitcoin poised for breakout as US money market funds reach $6.2 trillion
Bitcoin could be on track to a September breakout to new record highs, but it faces significant resistance around $65,000.
Auto Added by WPeMatico
Bitcoin could be on track to a September breakout to new record highs, but it faces significant resistance around $65,000.
According to Anthony Scaramucci, crypto voters could swing the elections in favor of pro-crypto candidate Donald Trump.
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
Bitcoin could stage a recovery above $66,000 by September but faces significant resistance around $61,700.
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
Based on Wednesday’s upcoming CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on track to […]
Bitcoin still faces significant resistance at $62,000, and if it breaks, it would liquidate over $845 million of leveraged shorts.
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price.
Ethereum’s underperformance against Bitcoin is largely due to competition from Solana and the weaker-than-anticipated debut of its spot ETFs.
