Bitcoin News
By Bruce Buterin
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RSI Hits a Seven-Year Extreme. Here's the technical problem Bitcoin can't ignore right now.
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Where Analysts Think Bitcoin Goes From Here. Traders are split, and not in a polite way. Shardi B landed on the cautious side, pointing to the…
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Traders Reassess After the Crash. The flash crash changed the calculus for a lot of people.
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Bitcoin can't make up its mind. The cryptocurrency touched nearly $79,500 before a savage flash crash dragged it down to roughly $76,300, and it's been wobbling near $77,260 ever…
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The flash crash hit early Saturday and it wasn't pretty. Within what felt like minutes, Bitcoin shed more than $3,000, wiping out over $500 million in long positions almost…
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Here's the technical problem Bitcoin can't ignore right now. The relative strength index on Bitcoin's four-hour chart has climbed to its highest reading in more than seven years.
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High RSI readings don't automatically kill a rally. That's worth saying clearly. Markets can stay overbought longer than most traders expect, and sometimes extreme readings show…
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Analyst Ted added a different layer to the conversation, pushing traders to watch whether Bitcoin can hold above the weekly bull market support band.
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Traders are split, and not in a polite way. Shardi B landed on the cautious side, pointing to the historically high RSI as a reason to expect pullbacks.
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Other traders see it differently. If Bitcoin can hold the $75,000 to $76,000 support zone — and that's a real if right now — some analysts are projecting a push toward $83,000 to…
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More context: Bitcoin Miners Sink $30.7 Billion into AI, Reap Just $341 Million in Returns
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Fail to hold support and the math flips. A drop back to $70,000 to $72,000 is the bearish scenario being floated, which would erase a meaningful chunk of the week's gains.
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There's also a middle scenario that some analysts seem to prefer: consolidation. Bitcoin parks itself somewhere near current levels, works off the overbought RSI without a…
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The flash crash changed the calculus for a lot of people. Some traders are sticking with the bull case, betting that stabilization above key support means the rally isn't done.
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It's murky. The $75,000 to $76,000 zone is now the line everyone's watching. Hold it and Bitcoin probably has another attempt at higher prices in it.
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