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Bitcoin Rally Fails to Confirm Strong Upside Move

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Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades –  https://telegram.me/btctradingclub Bitfinex analysts highlighted an improving but uneven demand wave and resistance zones where short-term holders are exiting at breakeven. Bitcoin (BTC) is currently on a roll, surging past the $80,000 mark and touching base above $81,000. While this rally could be a reason for positive sentiment, market experts believe otherwise. In a weekly report from the crypto exchange Bitfinex, analysts warned that bitcoin’s rally to $80,000 is misleading because the market is not positioned for upside movement. According to the analysts, BTC is currently stuck between bulls and bears, conviction and caution. Considering market conditions, the leading digital asset is likely to lean toward the negative rather than the positive. A Misleading Rally To substantiate their claims, the Bitfinex analysts ...

SKYAI, ZEC Lead with 40% Gains as BTC Climbs to $82K

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Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/progrouptraders TON has also doubled down on its recent run, followed by DASH, ICP, FIL, and others. Bitcoin’s price just tapped a new multi-month peak at $82,000, where it faced some resistance but continues to trade close to that level. Almost all altcoins are in the green today, with ETH inching closer to $2,400 and XRP decisively reclaiming the $1.40 resistance. SOL is up to $90, while ZEC has stolen the show. BTC Touched $82K The primary cryptocurrency fell hard last week after it was rejected at $79,500, and the culmination took place on Wednesday following the third FOMC meeting for the year. Although the Fed’s decision to maintain the interest rates unchanged was highly expected, BTC still dipped below $75,000. However, its subsequent rebound has been very impressive. The asset first neared $79,000...

Bitcoin Hits $80K Amid Strong ETF Demand

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Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/binancefuturesignal US spot Bitcoin ETFs posted $999 million in inflows over two trading days as Bitcoin moved back above $80,000. Spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded roughly $1 billion in inflows since the cryptocurrency reclaimed $80,000. Bitcoin ETFs posted $467.4 million of inflows on Tuesday as BTC surged past $81,000, extending Monday’s $532 million inflows, according to SoSoValue data, bringing the two-day total to more than $999 million. The latest inflows follow April’s $1.97 billion in total net inflows, pointing to strong demand as Bitcoin's rebound continues. Since May 1, the funds have attracted a total of $1.63 billion in inflows, bringing cumulative inflows to $59.7 billion and total assets under management to roughly $109 billion, the highest level so far this year. Binance Futures pla...

Bitcoin at Risk: Analysts Warn of Fall to $50K

Visit this link and make consistent profit in Binance futures & SPOT trading – https://telegram.me/cryptosignalalert Visit – https://play.google.com/store/apps/details?id=com.freecryptosignals.app Bitcoin price analysis saw $84,000 as bulls' "most critical" reclaim target as the risk of new $50,000 lows returned to the radar. Bitcoin (BTC) is approaching its “most critical” resistance hurdle of the bear market, new BTC price analysis says. Bitcoin has arguably its most important resistance battle at $84,000. A failure to reclaim a 200-day trend line opens up the road down to $50,000 lows, warns analysis. The bull market support band needs to hold in the event of a corrective phase. High Performance Signals Verified by Huge Number of Traders.Reliable signals from Experienced Traders. It is very easy to grow your Binance account by being part of our Growing Community. We have some expertise in trading, our team is well aware of the market fluctuations in the Bitcoin ind...

BTC Faces Pullback Risk After Futures-Led Rally

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Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals for the best automated trades –  https://telegram.me/binancefuturesignal Futures drove up Bitcoin's price in April while spot demand declined, which CryptoQuant warned has historically preceded extended price declines. Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined. Bitcoin gained around 20% in April, rising from $66,000 to a peak of $79,000 in a rally “driven entirely by growth in perpetual futures demand,” CryptoQuant said in a report on Thursday.  Meanwhile, spot demand for Bitcoin contracted throughout the rally, “indicating that the market’s marginal buyer was speculative, not fundamental,” it said. “The divergence between rising price and contracting spot demand is one of the clearest on-chain signals that price gains are speculative rather than structural,” CryptoQuant ...

Bitcoin Rally to $77K Pressures Shorts, Upside Limited

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Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades –  https://telegram.me/btctradingclub Bitcoin bulls took another swing at the $77,000 resistance, but profit-taking and traders’ reluctance to increase margin and spot longs limit the strength of each breakout. 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.  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 starting at $76,800, where there is a -$66.5 million to -$189 million negative delta, meanin...

Bitcoin Mirrors 2022 Bottom — But There’s a Catch

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Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades –  https://telegram.me/progrouptraders Actually, there might be more than one signal suggesting BTC could be heading for another correction soon. On-chain data and technical analysis provided by popular analyst Ali Martinez show that bitcoin’s current price structure is mimicking the 2022 bottoming cycle, which is both good and bad for the asset. The negative part also comes from the behavior of whales, who have been sending BTC to exchanges en masse lately. BTC 2026 vs 2022 The 2022 bear market was quite brutal, propelled mostly by the adverse developments within the cryptocurrency industry, including the collapses of Terra and FTX and the subsequent fallout for many linked entities. BTC plunged from the then-all-time high of almost $70,000 to under $16,000 in a year. Martinez outlined several similarities between the pric...