BTC surged to $73,620, just $1,500 shy of its historical high, and it must hold above $71,243 to maintain its upward trajectory.
Bitcoin dipped to $67.4K, needing to hold above $66K to avoid further correction. However, a break above $70.6K could indicate an upward momentum.
Bitfinex and J.P. Morgan noted a correlation between US presidential candidate Donald Trump's election odds and Bitcoin's price trajectory.
Meanwhile, the Crypto Fear and Greed Index hits 77 over 100, suggesting the market remains in an extreme greed phase.
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Bitcoin is currently oscillating around $72,000, indicating potential for a further surge. Meanwhile, altcoins have breached the downward trend line, signaling a potential shift in momentum following any pullback in Bitcoin's market share.
BTC surged to $73,620, just $1,500 shy of its historical high, and it must hold above $71,243 to maintain its upward trajectory.
Bitcoin is hovering around $71K, with potential to rise to $76K. However, it has so far struggled to breach $72K to move towards a new all-time high.
Bitcoin is still consolidating, and holding above $65.3K could lead to $74K. Meanwhile, X, Notion, and OpenAI have made acquisition offers for AI search startup Perplexity.
The upcoming US election in November could trigger a "Minsky Moment"—a sudden market collapse driven by excessive financial instability—leading bond markets to demand higher compensation for deficit financing.
With Solana competition heating up, Vitalik Buterin plans to reduce gas costs and boost Ethereum's processing speeds.
Bloomberg reports that options traders remain bullish, betting that Bitcoin will hit $80K by November, regardless of the US election results.
Cooling off after recent gains, Bitcoin has set a support level of $66.5K. From here it has the potential to move upwards to $71K or down to $64.1K.
Bitcoin has risen as high as $69.5K. The trend is likely to remain upward as long as BTC stays above $67.7K.
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Bitcoin is currently holding above $67K. It has the potential breakout to $70K as long as it stays above $66K.
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