Tag: Rally

Flipping $80K To Support Requires A Rally Through Holders’ Cost-basis

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Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders’ cost basis of $81,486, the next dynamic resistance level. For the rally to continue, a daily close above this level is key to securing $80,000 as support.  A rally to $81,500 may lock in the trend Bitcoin’s rally to $80,000 places the price directly under the short-term holder’s realized price of $81,486. This metric reflects the average cost…

Ethereum Price Tracks Bitcoin Rally, Targets Crucial Break Higher

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Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,350 zone. The price is trading above $2,365 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,320 zone. Ethereum Price Aims for Fresh Gains Ethereum price managed…

Bitcoin Rally Accelerates, But BTC Options Doubt $84K Is Possible

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Key takeaways: Bitcoin options markets price in low odds of BTC reaching $84,000 in May, while the monthly futures basis rate reflects weakness. Significant Bitcoin accumulation by listed companies and rising spot Bitcoin ETF inflows absorb mining supply, reducing the impact of potential selling. Bitcoin (BTC) reclaimed the $78,000 level amid broader risk-on sentiment, as the S&P 500 Index jumped to an all-time high on Friday. Despite 15% gains over the past 30 days, options markets are pricing in 25% odds that Bitcoin will trade above $84,000 by the end…

Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally

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Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support.  Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,300.  BTC/USDT Binance perps orderbook. Source. TRDR.io Given Bitcoin’s negative futures funding rate and the small negative long-short delta (-$1.47 million at the time of writing), bulls have a slight edge in the short-term. The situation could shift further in their favor if the BTC price pushes into short liquidity…

These Data Points Suggest Ether Price Could Soon Rally to $3K

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Ether (ETH) has rebounded more than 25% from its February low below $1,800, and a mix of technical and onchain signals suggests the recovery may still have more room to run in May. Key takeaways: Ether’s technicals favor the bulls with a $3,000 ETH price target.  ETH  is holding a support zone that has previously triggered 22%–27% price rebounds. Ether’s spot taker CVD remains positive, suggesting confidence among buyers. ETH price charts target $3,000 Ether’s technical setups on multiple time frames support the bull case for ETH price as April…

Bitcoin Rally From February Lows Driven by Regular Strategy Buys

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Bitcoin treasury firm Strategy and its perpetual preferred stock, STRC, have been the “single biggest factor” in Bitcoin’s recent rally, which has jumped 20% from its February low, according to Bitwise chief investment officer Matt Hougan. Over the past eight weeks, Strategy has added $7.2 billion in Bitcoin, Hougan said in a report published Tuesday.  “Yes, there have been multiple drivers of the recent rally, including strong buying from ETFs, $3.8 billion since March 1, and renewed purchases by long-term holders. But Strategy has been the single biggest factor,” he…

Bitwise CIO says Strategy’s STRC could keep fueling Bitcoin’s latest rally

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Bitcoin’s latest rally may still have room to run if Strategy keeps tapping STRC to fund new Bitcoin purchases, according to Bitwise CIO Matt Hougan. In his weekly memo, Hougan said Bitcoin has climbed roughly 20% from its February lows and is trading near $76,000, supported by ETF inflows, renewed long term holder buying, and Strategy’s aggressive accumulation. He described Strategy as the single biggest factor behind the move after the company added $7.2 billion in Bitcoin over the past eight weeks. Strategy has funded those purchases through STRC, a…

Bitcoin drops 3% to $76.3K, ending 4-week rally amid oil price surge

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Bitcoin is down 3% to $76.3K, ending a 4-week green streak, as Brent crude soars above $104/bbl amid Strait of Hormuz tensions. Bitcoin price in April sits at 0% YES, with 6 days left in the month. Market reaction The Bitcoin price in April market shows zero confidence that Bitcoin will hit bullish price targets before the month ends. The December 31, 2026 market for Bitcoin to reach $200,000 has slipped to 4.5% YES, down from 5% a day ago. Why it matters Risk-off sentiment is rising as unresolved US-Iran…

Bitcoin rally stalls amid Japanese inflation and Iran tensions

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Bitcoin’s recent rally paused as rising Japanese inflation and ongoing Iran war tensions introduced market uncertainty. The likelihood of Bitcoin dipping to $60,000 in April sits at 0% YES, and odds on the Bitcoin price on April 24 market show 0.1% YES for Bitcoin trading below $68,000. Market reaction The 0.1% YES odds are unchanged from 24 hours ago. Traders are not pricing in a dramatic price drop, even with geopolitical tensions and inflationary pressures in play. Volume is minimal: just $55 in actual USDC traded, which points to low…

Ethereum Metrics Signal ETH Price Rally Toward $6K Next

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Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin may be primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price.  Supply squeeze potential is growing as increasing accumulation and exchange outflows reduce immediate sell pressure. A rising Coinbase premium reflects the return of US institutional demand. Ether’s fractal targets a $6,000 ETH price  Ether is currently bouncing…