Bitcoin News
By Pankaj K
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Bitcoin's Painful Drop From $127,000. Bitcoin peaked near $127,000 in October. It's been mostly downhill since.
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What Could Break the Stalemate. A clean move above $64,000 would probably get traders excited.
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Bitcoin's got a long way to climb. Meta AI, the model tied to Mark Zuckerberg's company, put out a prediction that Bitcoin could land somewhere between $120,000 and $150,000 by…
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The AI model points to four things that could push Bitcoin toward those highs. First is the CLARITY Act — proposed legislation that would give banks, asset managers, and…
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So the bull case exists. But the chart doesn't really cooperate.
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Bitcoin peaked near $127,000 in October. It's been mostly downhill since. There was a brief bounce in May that got just above $83,000, but sellers came back fast and that rally…
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The technical picture is kind of uncomfortable. Resistance sits at $64,000 and then again at $76,000 — that $76,000 level basically marks the ceiling of the May rally.
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The selling pace has slowed in recent weeks compared to the sharper drops in May and June. Whether that's consolidation before a reversal or just a pause before another leg lower…
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A clean move above $64,000 would probably get traders excited. That's the first real resistance level, and breaking it could open the door toward $76,000.
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More context: Bitcoin Jumps Over 4% Past $62,000 After Weak U.S. Jobs Report Dims Rate Hike Odds
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The bearish scenario from Meta AI's model isn't catastrophic, but it's not pretty either. If the CLARITY Act gets delayed or ETF inflows start drying up, Bitcoin could stagnate…
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And the CLARITY Act timeline is genuinely murky. Legislation moves slowly. The bill could pass, get amended, stall in committee, or get pushed into next year entirely.
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Corporate adoption is probably the most concrete thing happening right now. Morgan Stanley and Charles Schwab launching crypto products isn't speculative — it's done.
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ETF inflows are worth watching closely too. Nine consecutive days of inflows totaling $2.1 billion is a real data point.
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See also: Saudi Arabia Floods Hormuz With Oil While Bitcoin Tops $61,500 and Gold Holds $4,000
The Currency Analytics
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