Report: Bullish Momentum for Bitcoin Begins to Form
Market-related reports indicate that Bitcoin continues to demonstrate impressive resilience, having risen over 10% in the past week, outperforming traditional risk assets like the S&P 500. After weeks of volatility and low liquidity, Bitcoin has reclaimed the $94,000 range low—a critical sign, as it was this level that supported Bitcoin's rally to its all-time high in January. Furthermore, Bitcoin has now also risen back to the short-term holding cost basis, approximately $92,900, which is a key on-chain pivot point that typically distinguishes the drawdown phase from new bullish momentum. In addition to a positive market structure, margin indicators have also rebounded to 87.3%, indicating improved market health and investor profitability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Indian Rupee: Inflation and trade reshape INR – Commerzbank
SoftBank CDS Approaches Three-Year High! Concerns Over OpenAI Financing Intensify, “Paper Wealth” Fails to Alleviate Cash Crunch
The credit default swaps (CDS) of SoftBank Group are hovering near a three-year high. Traders are assessing the potential impact of OpenAI’s financing plans, as OpenAI is one of SoftBank’s largest bets.
Grab (GRAB.US) acquires 60% stake in buy-now-pay-later platform Atome for 1.49 billion USD, betting on consumer credit as the "next frontier"
Grab plans to first acquire 60% of Atome Financial with $1.49 billions in cash, and then purchase the remaining 40% after approximately two years.
Singapore medical service provider LYC Healthcare prices IPO at $4 per share, raising the offering size by 67% to $25 million
LYC Healthcare increased the proposed size of its upcoming IPO on Tuesday. The company now plans to offer 6.3 million shares at a proposed price of $4 per share, aiming to raise $25 million.
Crypto prices
More
