Bitcoin’s latest rally has run into a major technical and on-chain resistance zone, with CryptoQuant research head Julio Moreno warning that several indicators now point to elevated correction risk after a sharp rebound from April lows. Moreno said CryptoQuant had been flagging a potential pullback for weeks, citing high unrealized profits, a spike in profit-taking across spot and futures markets, slowing US spot demand, and resistance from both technical and on-chain price levels. The firm’s latest analysis frames Bitcoin’s move toward the 200-day moving average as a critical test for whether the rally has durable support or resembles a bear-market rebound running out of momentum. Why The Bitcoin Correction Risk Is Rising “Bitcoin has reached a major bear market resistance level, the 200-day moving average at $82.4K, following a 37% price rally from the April lows. The parallel with March 2022 is direct: in that cycle, Bitcoin also rallied 43% before hitting the 200-day MA, after whic
With bitcoin drifting just beneath the $77,000 range, a whale moved a cache of 500 BTC from a wallet established more than a decade ago. The funds appear to have flowed through the over-the-counter (OTC) desk Wintermute and a wallet identified as a Binance deposit address. Bitcoin Whale Moves 500 BTC; Assets Likely Sold A […]
At this year’s Google I/O conference, NVIDIA and Google Cloud are accelerating the work of more than 100,000 developers in the companies’ joint developer community, which provides curated learning paths, hands-on labs and events that help them build using the full-stack NVIDIA AI platform on Google Cloud. Launched at Google I/O last year, the community […]
Bitcoin fluctuated between $76,200 and $77,245, ultimately stabilizing around $76,750. Despite the daily volatility (up 0.7%), it remained down nearly 5% for the week, holding a market cap of $1.54 trillion. Geopolitical Tension Stalls Momentum Bitcoin traded sideways on Tuesday, oscillating between a low of $76,200 and an intraday high of $77,245 as global markets […]
With the possibility of renewed tightening rising, bitcoin is losing momentum and becoming more vulnerable to exogenous shocks and potential rate hikes.
Google's AI-driven search evolution could reshape information access, impacting crypto visibility and necessitating new optimization strategies.
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Lolli launched automatic Bitcoin cashback for users who link eligible debit or credit cards, partnering with commerce network Kard. Lolli announced on Tuesday that it has partnered with independent commerce media network Kard to launch card-linked Bitcoin cashback rewards for…
Commencement speakers at the University of Arizona, the University of Central Florida, Middle Tennessee University and even Glendale Community College in Arizona were met with boos when they mentioned AI.
