Bitcoin’s price surged past the critical $118,000 resistance level yesterday, propelled by a confirmed inverse head and shoulders technical pattern breakout. This key technical development signals robust bullish momentum, with the pattern projecting a potential price target approaching $160,000. Market… Read More »Bitcoin Shatters $118,000 Barrier, Eyes $160k Target as Bullish Momentum Builds
Bitcoin has demonstrated robust bullish momentum following a rebound from the $105,000 support level, with technical indicators pointing toward potential upside beyond $111,980. The resurgence aligns with renewed institutional interest confirmed by substantial inflows into spot Bitcoin exchange-traded funds (ETFs),… Read More »Bitcoin Targets Breakout Above $111,980 Amid ETF Inflows and Dwindling Exchange Supply
Bitcoin is increasingly recognized as a major store-of-value asset class, demonstrating a significant decoupling from U.S. Treasury bond yields and attracting substantial investor inflows that surpass traditional benchmarks like gold and equities. Market analysis reveals a pivotal shift in perception,… Read More »Bitcoin Solidifies Store-of-Value Status, Outflows from Bonds Amid Surging Investor Demand