The post Bitcoin Resumes Its Range Above $60,000 appeared on BitcoinEthereumNews.com.
// Price Reading time: 3 min Published: Jul 08, 2026 at 20:21 Updated: Jul 08, 2026 at 20:30 Bitcoin’s (BTC) price has moved back above the key $60,000 support level. BTC Price Long-Term Prediction: Ranging
Buyers pushed the price as high as $64,657 but were halted. Sellers then tried to drive the price down towards its vital support, but buyers held firm, keeping it confined to a range above $61,000. In other words, Bitcoin has maintained its sideways trend, rebounding above the 21-day SMA support but staying below the 50-day SMA barrier.
Today, the BTC price is slipping as sellers attempt to break the 21-day SMA support. On the downside, if sellers succeed, Bitcoin will fall towards its crucial support. If the current support holds, Bitcoin will continue to trade above $60,000. The largest cryptocurrency currently shows little clear potential for further gains. Bitcoin is at $62,062.
Technical
The post Ether flashes rare death cross as Bitcoin hovers around $62K appeared on BitcoinEthereumNews.com.
The 50-week moving average of Ethereum crossed below the 200-week average, creating a “death cross.” This is seen as a long-term bearish indicator. Meanwhile, Bitcoin is struggling to stay above $62,000 after being unable to break through the $64,000 to $65,000 resistance area. Such a pattern matters for the retail investors who flocked into crypto through exchange-traded funds and are now trading in the red. Bitcoin price declined by around 2% over the last 24 hours and was mostly stuck in the low $62,000 territory. However, it recovered from dropping below $58,000, a new 21-month low. Ethereum has been trading below $1,750, which is almost 4% lower than the previous day and about 30% below its value one year ago. All other altcoins followed suit. Crypto market cap excluding Bitcoin and Ether has declined 30% from January. Ether’s technical warning The death cross is the main tec
The post Crypto Markets Face Turmoil as Bitcoin Battles Challenges appeared on BitcoinEthereumNews.com.
Bitcoin hovered slightly above $62,000, following a 2% decline over the past day, as global economic jitters intensified. This contraction in Bitcoin value isn’t isolated; the broader market has also faltered due to significant downturns in semiconductor and artificial intelligence stocks. Continue Reading:Crypto Markets Face Turmoil as Bitcoin Battles Challenges Source: https://en.bitcoinhaber.net/crypto-markets-face-turmoil-as-bitcoin-battles-challenges
The German government wallet has been a bearish headline machine for Bitcoin. Now that the balance is reportedly down to less than 20% of the original seized stack, traders have a new question: what happens when this par
The German government wallet has been a bearish headline machine for Bitcoin. Now that the balance is reportedly down to less than 20% of the original seized stack, traders have a new question: what happens when this par
The post Bitcoin Falls To Key Support As New Headwinds Emerge appeared on BitcoinEthereumNews.com.
Key takeaways: War, rising oil prices and Strategy’s Bitcoin sales put extra pressure on BTC’s $60,000 support. Strategy’s Bitcoin sales and fears that a global regulatory crackdown on crypto is being reignited are adding to fragile crypto market conditions. Bitcoin traded down 3.5% on Wednesday as new developments in the US-Iran war pushed oil prices higher and Japan’s bond markets faced renewed stress. That combination triggered broader de-risking across markets. At the same time, concerns over potential Bitcoin sales from Strategy intensified, with traders now bracing for a possible correction below $60,000. Nasdaq-100 futures (left) vs. Bitcoin/USD (right). Source: TradingView Bitcoin’s failed attempt to reclaim $64,500 on Monday coincided with a downtrend in the tech-heavy Nasdaq Index. However, the stock market recovered some of its losses on Wednesday while Bitcoin was unable to bo
The post Bitcoin ETFs See Unprecedented Turnaround as $510 Million Flows In appeared on BitcoinEthereumNews.com.
Bitcoin-linked exchange-traded funds (ETFs) are witnessing a remarkable shift in investor interest, reversing recent trends of significant outflows. Over three trading days, these funds recorded an impressive net inflow of $510 million, breaking the cycle of exits that plagued them for weeks. Continue Reading:Bitcoin ETFs See Unprecedented Turnaround as $510 Million Flows In Source: https://en.bitcoinhaber.net/bitcoin-etfs-see-unprecedented-turnaround-as-510-million-flows-in
The shift in Bitcoin mining towards AI infrastructure could redefine industry dynamics, impacting revenue models and investor strategies.
The post Bitcoin miner bets against AI’s giant data centers in infrastructure strategy appeared first on Crypto Briefing.
The post Lyn Alden: No Cavalry Is Coming for Bitcoin appeared on BitcoinEthereumNews.com.
The macro analyst and Ego Death Capital partner told the Coin Stories podcast that Bitcoin sentiment is the weakest she has ever seen — but that the asset’s next leg higher will have to be earned, not printed. Lyn Alden built her reputation by refusing to tell Bitcoiners what they want to hear, and her latest appearance on Natalie Brunell’s Coin Stories held to form. With Bitcoin trading near $62,000 — roughly half its October 2025 high and fresh off a 21-month low — the founder of Lyn Alden Investment Strategy and general partner at Bitcoin-only venture firm Ego Death Capital delivered a message with no comfort in it: this is the lowest sentiment she has personally seen in the asset, weaker even than the stretch that followed 2022’s FTX collapse, and there is no obvious rescue on the way. “The asset just has to survive on its own merits,” Alden said. The fastest horse went to AI Alden’s starting
