Bitcoin trades at $114,299 with tight intraday ranges. A potential double top on the daily chart and a bear flag on the 4H frame weigh on sentiment, but longer-term moving averages still support the uptrend.
Bitcoin trades at $114,299 with a market cap of $2.27 trillion. The daily chart shows a potential double top, while the hourly chart forms a descending channel. Analysts eye $115,500 resistance and $113,000 support for direction.
Bitcoin is consolidating near $111,000 with neutral sentiment, but chart structure remains bearish across major timeframes. Traders are watching $108,700 support and $113,500 resistance for the next decisive move.
Bitcoin is trading near $111,000 in a tight range, with sentiment appearing neutral while technical charts remain bearish. Analysts are watching $108,700 support and $113,500 resistance for the next directional move.
Analyst Ardi warns Bitcoin's recent rally is fueled by short covering, not new demand, as price and open interest diverge. Colin adds BTC is in a bear flag pattern, targeting a breakdown, with a potential top near $80,000.
Analyst Ardi highlights a rare divergence between Bitcoin's price and open interest, suggesting the recent rally from $60k to $75k was driven by short covering, not fresh demand. Colin warns of a bear flag pattern, with BTC possibly peaking near $80k before breaking down.
Ethereum's MACD turned bullish for the first time in three months, with $3,900 as key resistance. A flag pattern warns of a potential drop to $2,400, while a comparison with the Russell 2000 suggests room for a catch-up rally.
Ethereum Foundation sold 10,000 ETH to BitMine via OTC at $2,387. ETH price slipped 0.4% to $2,320 amid bear flag formation. A breakdown could see $1,750, while a breakout above $2,400 may invalidate bearish pattern.
