Značka: Markets

Bitcoin dominance climbed to 61% on Wednesday, its highest level since November 2025. The metric has risen from 58.44% at the start of April, proving that the bullish trend continues to favor BTC over the wider crypto market.In the last two months, altcoin volumes on Binance also increased by 49%, while 12.6% of altcoins on Binance reclaimed their 200-day simple moving average (SMA). Bitcoin dominance, one-week chart. Source: Cointelegraph/TradingViewAltcoins show early signs of recoveryCrypto analyst Darkfost said Bitcoin has gained 36% since its Feb. 6 lows at $60,000, helping push its dominance to 61.3%. While altcoins spent much of that period under pressure, TOTAL3, which tracks the crypto market cap excluding Bitcoin and Ether, rose by 17% to a two-month high of $765 billion. The recovery pace of altcoins lagged behind BTC, but several indicators have started to improve.TOTAL3, one-week chart. Source: Cointelegraph/TradingViewData from CryptoQuant showed that trading activity in the altcoin market was slowly increasing. Their volume share on Binance climbed to 49% on Wednesday, up from 31% in March, when measured against the combined BTC and ETH futures trading volumes. The rise points to growing participation outside of Bitcoin and Ether after several months of capital concentration in the two largest crypto assets.Darkfost added that the shift still looks moderate and sits far from the aggressive rotation phases seen during the previous altcoin rally in 2024. Altcoin dominance by volume. Source: CryptoQuantRelated: Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZECExchange volume trends point to a rotationMarket analyst CW8900 pointed to the rising activity on centralized exchanges (CEX) as another sign of improving participation beyond Bitcoin. According to the analyst, altcoin trading volume, excluding the five largest cryptocurrencies, has increased steadily over the past few weeks.CEX volume ratio vs Top 5 crypto. Source: CryptoQuantThe 90-day AltSeason Index also climbed to 28.6, its fastest recovery in months. The index tracks whether a majority of altcoins outperform Bitcoin over a set period. Readings above 75 are associated with stronger altcoin cycles. However, CW8900 added, “The indicator also shows that there was no real AltSeason in this cycle. The period when the AltSeason Index reached its highest point was early 2024, and even that value was relatively low compared to previous AltSeasons.”CryptoQuant data also showed improvements across the altcoin market after months of heavy underperformance against Bitcoin. The average altcoin now trades 23.47% below its 200-day simple moving average, rising from 44.4% earlier in the cycle. Similar readings previously appeared near the end of late-stage bear markets in 2022.Altcoin performance, on average, relative to the 200-day SMA. Source: CryptoQuantRelated: Crypto Fear and Greed Index turns neutral for first time since January: Is $100K BTC next?This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Key points:Bitcoin is expected to face selling at $84,000, but a shallow pullback increases the likelihood of an upside breakout.Several major altcoins are showing strength at lower levels, but the bears are expected to pose substantial challenges at the resistance level.Bitcoin (BTC) rallied above $82,800 on Wednesday, but bulls were unable to hold the higher levels. However, a positive sign for the bulls is that BTC exchange-traded funds recorded $1.63 billion in net inflows in May, according to SoSoValue data. That suggests investors are building positions as they anticipate the uptrend to continue. Analyst PlanC said in a post on X that BTC was about to enter its first supercycle, which began at the bear-market low of $16,000 in Nov. 2022. He expects BTC to rise above $250,000 in the second half of 2027 to the first half of 2028. Crypto market data daily view. Source: TradingViewNot everyone is convinced that the bear market is over. Crypto investment company TradingShot said in a post on X that BTC’s rejection at the 200-day simple moving average ($83,313), which coincides with the previous low acting as target objective of $50,000.Could BTC and the major altcoins break above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price predictionBTC has been gradually rising toward the $84,000 level, indicating sustained buying by the bulls. BTC/USDT daily chart. Source: Cointelegraph/TradingViewSellers are expected to fiercely defend the $84,000 level, which could trigger a pullback toward the 20-day exponential moving average ($77,477). If the BTC price rebounds off the 20-day EMA with force, it signals a positive sentiment. That improves the prospects of a break above the $84,000 level. If that happens, the BTC/USDT pair may ascend to $92,000.This bullish view will be invalidated in the near term if the price turns down and breaks below the $74,937 level. The pair may then decline to the 50-day SMA ($73,073) and later to the support line. Ether price predictionEther (ETH) has been trading above its moving averages, but the bulls have failed to break $2,465 resistance.ETH/USDT daily chart. Source: Cointelegraph/TradingViewThat suggests hesitation to buy aggressively at higher levels. Sellers will attempt to seize control by pulling the price below the moving averages. If they do that, the ETH/USDT pair may descend to the support line.Buyers are likely to have other plans. They will attempt to maintain the ETH price above the 20-day EMA ($2,309) and overcome the resistance at that level. If they succeed, the pair may rally to $3,050.XRP price predictionXRP (XRP) closed above the moving averages on Tuesday, opening the gates for a rally to the downtrend line of the descending channel pattern.XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe downtrend line has acted as a stiff obstacle during previous recovery attempts and may do so again. If the price reverses from the downtrend line and breaks below the $1.27 level, it suggests the XRP/USDT pair may remain within the channel for a few more days.On the other hand, a close above the downtrend line and the $1.61 resistance signal a potential trend change. The XRP price may then skyrocket to $2 and then to $2.40.BNB price predictionBNB (BNB) closed above the moving averages on Tuesday, indicating that the bulls are back in the game. BNB/USDT daily chart. Source: Cointelegraph/TradingViewBuyers are attempting to overcome the minor resistance at $654. If they can pull it off, the BNB/USDT pair may reach $687. Sellers are expected to defend the $687 level with all their might, as a close above it could clear the path for a rally to $730 and, subsequently, to $790.Conversely, if the BNB price turns sharply lower from the overhead resistance and breaks below the moving averages, it signals that the pair may continue its range-bound action between $570 and $687 for some time.Solana price predictionSolana (SOL) broke above the moving averages on Tuesday and rallied close to the $90.73 overhead resistance on Wednesday.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe flattish moving averages and the RSI in the positive territory indicate a slight edge to the bulls. If the $90.73 level is scaled, the SOL/USDT pair may rally to the stiff overhead resistance at $98. Sellers are expected to vigorously defend the $98 level, as a close above it may propel the SOL price to $117.Instead, if the price turns down and breaks below the moving averages, it suggests the pair may remain within the $76 to $98 range for a few more days.Dogecoin price predictionDogecoin (DOGE) continued its march toward the $0.12 resistance level, where sellers are expected to step in.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewA shallow pullback from the $0.12 level suggests that the bulls are not hurrying to close their positions. That increases the possibility of an upside breakout. If the $0.12 resistance level is broken, the DOGE/USDT pair may jump to $0.14 and then to $0.16.Alternatively, if the DOGE price turns sharply lower and breaks below the 20-day EMA ($0.10), it suggests that bears are aggressively defending the $0.12 level. That may retain the pair inside the $0.09 to $0.12 range for a while.Hyperliquid price predictionHyperliquid (HYPE) charged higher on Tuesday, but the up move is facing resistance in the $43.76 to $45.77 zone.HYPE/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($41.55) has started to turn higher, and the RSI is in positive territory, indicating that the path of least resistance is higher. If buyers pierce the $45.77 level, the HYPE/USDT pair may soar to $50.The 50-day SMA ($40.22) is the critical support to watch out for on the downside. A break and close below the 50-day SMA suggests that the bulls have given up. The HYPE price may then tumble to $34.45.Related: Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZECCardano price predictionCardano (ADA) cleared the 50-day SMA ($0.25) hurdle on Tuesday, indicating that the bulls are attempting a comeback.ADA/USDT daily chart. Source: Cointelegraph/TradingViewThe recovery attempt is expected to face selling pressure at $0.28, then at $0.30. If both levels are breached, the next target is likely $0.31, a critical resistance to watch. A break above $0.31 signals the start of a potential new up move.This positive view will be negated in the near term if the ADA price turns down and breaks below the moving averages. That suggests the bears continue to sell on rallies. The ADA/USDT pair may then slump to the solid support at $0.22.Bitcoin Cash price predictionBitcoin Cash (BCH) turned up from the $443 support on Tuesday and broke above the moving averages.BCH/USDT daily chart. Source: Cointelegraph/TradingViewBuyers continued their buying and pushed the BCH price to $486 on Wednesday. However, the long wick on the candlestick shows that the bears are active at higher levels. That suggests the BCH/USDT pair may remain inside the large $486 to $419 range for a few more days.Buyers will be back in the driver’s seat if they push the price above the $486 resistance and sustain it. That opens the gates for a rally to $520.Zcash price predictionZcash (ZEC) turned up from the 20-day EMA ($389) on Thursday and rose above the $560 resistance on Wednesday.  ZEC/USDT daily chart. Source: Cointelegraph/TradingViewThe sharp rally over the past few days has pushed the RSI into overbought territory, signaling the possibility of a near-term consolidation or pullback. A shallow pullback from the current level suggests that the bulls are holding their positions as they anticipate the uptrend continuing. That increases the likelihood of a rally to the formidable resistance at $750.A risk to the continuation of the up move is that sharp rallies are followed by equally sharp pullbacks. If the ZEC price maintains below $560, the ZEC/USDT pair may drop to the 38.2% Fibonacci retracement level of $496 and then to the 50% retracement level of $462.

Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400.Key takeaways:Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying.Ether’s ascending triangle projects an ETH price rally to $3,315.Ethereum accumulators add $592 million in ETHEther’s investor confidence has returned following its 39% recovery from a multi-year low below $1,750.Data from CryptoQuant showed daily inflows into accumulation addresses have increased steadily since mid-2025, reaching an all-time high of 1.14 million ETH in November 2025. The inflows have continued to climb in 2026, averaging 200,000 ETH per day.These addresses received 246,620 ETH on Tuesday, worth approximately $592 million at current rates.ETH inflows into accumulation addresses. Source: CryptoQuantAccumulation addresses are wallets that continuously receive ETH without making any outgoing transactions. They may belong to long-term holders, institutional investors, or entities strategically accumulating Ethereum rather than actively trading it.As a result, the total ETH held by these long-term holders reached a record 25 million ETH, marking a 20.36% jump so far in 2026. Large spikes in inflows to these addresses often signal strong confidence in Ether’s long-term potential, with past trends showing that such surges frequently precede price rallies.For example, on June 22, 2025, Ethereum accumulation addresses recorded a daily inflow of over 380,000 ETH. Nearly 30 days later, ETH’s price rose by almost 85%. A similar price rally followed November 2025’s inflow spike into the accumulation addresses.Whale wallets are also showing bullish signals. The chart below shows that whale wallets with a balance of 10,000-100,000 ETH have seen their holdings rise to an all-time high of over 19.5 million tokens, after rapid accumulation over the last 30 days.Wallets with over 100,000 ETH have also increased their holdings to 4.7 million ETH, a 30% increase in 2026. Ethereum: Balance by holder valueAs Cointelegraph reported, Ether’s spot taker cumulative volume delta, which has been increasing since early April, also suggested growing confidence among buyers.How high can the ETH price go?Ether’s liquidation heatmap shows the price eating away liquidity around $2,400, with large bid orders still sitting at $3,000, and between $3,350 and 3,500.“If $ETH breaks through $2,500, a steady rise to $3,000 will follow,” crypto analyst CW8900 said in a Wednesday post on X, adding:“There is almost no resistance for short positions.”ETH liquidation heatmap. Source: CoinGlassFrom a technical perspective, the ETH/USD pair is seeking to break above the horizontal trend line of an ascending triangle at $2,400.A daily candlestick close above the 200-day exponential moving average at $2,700 will confirm the continuation of the uptrend toward the measured target of the triangle at $3,315. Such a move would bring the total gains to 40%.ETH/USD daily chart. Source: Cointelegraph/TradingViewTechnical analyst XForceGlobal shared a chart suggesting that Ether’s macro bottom could be in, with an Elliott Wave analysis projecting a rally to $3,500 once resistance at $2,600-$2,700 is broken.ETH/USD daily chart. Source: XForceGlobalAs Cointelegraph reported, a close above the $2,600-$2,700 region would confirm a trend change, paving the way for the ETH/USD pair to rally toward $3,000.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal.Key points:Bitcoin stops short of tapping $83,000 as momentum becomes guided by geopolitical developments.Oil sees flash volatility around rumors of the Strait of Hormuz opening.Bitcoin trader sees a price reset to a $78,400 trend line.Iran deal let-down sours Bitcoin’s attack on $83,000Data from TradingView showed a new local peak for BTC/USD of $82,833 on Bitstamp.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe pair made fresh gains amid reports of a 14-point ceasefire agreement potentially coming into effect — one that would include resumption of oil traffic through the Strait of Hormuz.Hours later, however, US President Donald Trump said that Iran’s agreement to the terms of the truce was “perhaps, a big assumption.”“If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” he added in a post on Truth Social.Source: Truth SocialBitcoin reacted by erasing its upside to circle $81,500 at the time of writing, still up around 1% on the day.Oil also saw volatility, with WTI dropping over 10% in a matter of hours before rebounding to $96 per barrel.CFDs on WTI crude oil one-hour chart. Source: Cointelegraph/TradingViewCommenting on X, trading resource The Kobeissi Letter reported what it called “unusually large” short interest on WTI, which totaled nearly $1 billion, immediately before the drop.Light crude oil futures chart. Source: The Kobeissi Letter/XBTC price focus switches to $78,000 and higherBitcoin traders, meanwhile, looked to patches of potential liquidations on exchange order books for clues as to where price might head next.Related: Bitcoin can crash to $50K if ‘most critical’ bear market test fails: Analysis“Above, the $82.4K area still has some left. But price did take out most of the local liquidity from the past day. With price at 3 month highs, we would need to zoom out to see the other major levels,” trader Daan Crypto Trades told X followers. “Below, the $80.1K & $78.2K levels are good to watch if price were to trade into them.”Crypto liquidation history (screenshot). Source: CoinGlassData from CoinGlass put total crypto liquidations over the past 24 hours at more than $550 million, with shorts accounting for $400 million of the total.Trader CrypNuevo called BTC/USD “overextended” on short time frames, seeking a retracement to the 50-period simple moving average (SMA) on the four-hour chart. That stood at $78,432.“Ideally it continues pushing straight higher without any exhaustion signs and it will overextend price even more so the short will be more atractive and worth it when we see those signs at higher prices,” he wrote on X.BTC/USD four-hour chart with 50SMA. Source: Cointelegraph/TradingViewEarlier, Cointelegraph reported on concerns that historical precedent called for the failure of Bitcoin’s current breakout attempt.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Zcash (ZEC) has outperformed the broader crypto market over the past month, rising by over 125% compared to an average 15% gain for most coins.ZEC/USD versus TOTAL crypto market cap 3o-day performance chart. Source: TradingViewThe privacy-focused cryptocurrency may rally further in the coming weeks as a mix of bullish technical and fundamental catalysts converges.Key takeaways:US crypto hedge fund Multicoin Capital revealed it has been buying ZEC since February.Robinhood will list ZEC as Zcash’s network activity has been booming in the past weeks.ZEC technicals are painting a 40% rally setup.Multicoin disclosure boosts ZEC momentumOn Tuesday, Multicoin Capital, a US-based crypto hedge fund managing $2.687 billion in assets, revealed a “significant position” in ZEC, fueling speculation that institutional investors are warming up to privacy-focused digital assets again.Its co-founder, Tushar Jain, revealed that the firm had been accumulating ZEC since February.Jain described Zcash as “the most direct public market vehicle” for exposure to private, censorship-resistant and seizure-resistant money, framing the investment as a bet on rising demand for financial sovereignty and cypherpunk-style privacy tools.Source: XZEC has rallied by over 43% in the past 24 hours, showing that traders have interpreted the Multicoin announcement as institutional validation of the privacy coin narrative.ZEC’s flag breakout hints at further gainsFrom a technical perspective, Zcash has entered the breakout phase of a prevailing bull flag pattern on the weekly chart.A bull flag forms when the price consolidates lower within a descending parallel channel after a strong uptrend. It resolves when the price breaks above the channel’s upper trendline and rises by as much as the previous uptrend’s height.ZEC/USDT weekly chart. Source: TradingViewApplying that rule to ZEC’s chart puts its breakout target near $800. As of Wednesday, Zcash traded as high as $607, leaving the token on track to test the bull flag’s measured upside target located roughly 40% above. Zcash’s weekly relative strength index (RSI), a momentum indicator that measures whether an asset is overbought or oversold, also suggests the rally may continue. The RSI currently remains just below 70, a level traders typically associate with overheated market conditions, indicating ZEC may still have room to climb before buyers show signs of exhaustion.BitMEX Co-Founder Arthur Hayes said ZEC’s target is 10% of Bitcoin’s market capitalization, a scenario that would imply a multi-trillion-dollar valuation for ZEC and prices potentially ranging between $8,000 and $10,000 per coin based on current supply levels.Source: XRobinhood listing, tightening ZEC supply adds tailwindsZcash’s breakout also has fundamental support.ZEC has rallied alongside the broader crypto market as US–Iran peace-deal hopes improve risk appetite, mirroring patterns in early April. Its Robinhood listing on April 23 added another tailwind by opening spot access to 25.9 million funded users, including those in stricter jurisdictions like New York.Meanwhile, more than 30% of circulating ZEC now sits in shielded addresses, according to data resource ZecHub.WIKI. This tightening supply shows a big jump in demand for private on-chain transactions over the past year.Zcash shielded supply weekly chart. Source: ZecHub.WIKIThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240.Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000. Key takeaways:Bitcoin holders are back in profit, increasing the chances of reaching $92,000.BTC bulls must overcome resistance at $84,000 to continue the uptrend. Bitcoin price eyes $92,000 nextData from TradingView shows that BTC/USD had risen 37% to trade above $82,000 from its multi-month low of $60,000 reached on Feb. 6.This rally has seen Bitcoin rise above the cost basis of its short-term holders, currently at $79,000, according to data from Glassnode.STH cost basis refers to the average purchase price of investors who have held Bitcoin for less than 155 days.Historically, reclaiming this level has coincided with extended recovery phases, as investors returning to profit are often less inclined to sell and more willing to add exposure. The shift can also attract fresh buyers and trigger short squeezes as bearish positioning unwinds.Related: Bitcoin in ‘disbelief rally’ as traders spot $84K BTC price targetThe chart below shows that when the price reclaimed its realized price in April 2025, it rallied 30% toward the upper band of this metric at $112,000 four weeks later. Similar occurrences in October 2024, October 2023 and January 2023 also saw the BTC price rally toward the same onchain level, as shown in the chart below.If BTC breaks above the line, there is a good chance of seeing $92,423 in the short term, about 13% above the current price.Bitcoin STH cost basis. Source: Glassnode“Bitcoin has crossed the coveted ‘short-term holder breakout,’” analyst Mitchell Askew said in a Wednesday post on X, adding:“This typically signals the end of bear markets and consolidation periods.”Bitcoin analyst Plan C said if the price “can find sustained support above this level,” it would confirm that the 50% drawdown from the $126,000 all-time high was just a “mid-cycle correction.” Meanwhile, Bitcoin’s STH spent output profit ratio (SOPR) has flipped positive, showing early signs of a shift in market behavior.The metric is “back above 1, which usually means recent buyers are back in profit and selling pressure is easing,” analyst BitBull said in a Wednesday post on X, adding:“This is where markets often move from accumulation into early bullish phases.”Bitcoin STH SOPR. Source: BitBullAs Cointelegraph reported, several technical indicators suggest that Bitcoin’s bottom is in, with analysts setting targets as high as $250,000 within a year. Bitcoin’s price needs to flip $84,000 into supportBitcoin’s bullish weekly close above the 20-week exponential moving average and true market mean at $78,300 has convinced traders it can move higher from current levels.Analysts say the continuation of Bitcoin’s rally now hinges on breaking above the $82,000-$84,000 supply zone. Bitcoin is retesting the low $80,000s region, which “corresponds with the November lows and the Daily 200MA/EMA coming in a bit higher,” trader and analyst Daan Crypto Trades said in his latest Bitcoin analysis on X.Note that the 200-day EMA and the 200-day simple moving average are at $82,600 and $83,402, respectively.This is a “big level” for Bitcoin bulls, the analyst said, adding:“Acceptance higher can lead to a further bounce back into the $90Ks, but a rejection will likely keep this rangebound with $80K as the ceiling for a while.”BTC/USD daily chart. Source: X/Daan Crypto TradesMN Capital founder Michael van de Poppe shared a chart showing $84,000-$86,000 as the “next resistance zone,” which, if broken, could potentially see Bitcoin “continue to the 50-Week MA around $90K.”Meanwhile, Bitcoin’s whale order book showed “big ask orders concentrated” between $82,000-$84,000, making it a crucial level for the bulls to overcome. Bitcoin whale order book. Source: CoinGlassAs Cointelegraph reported, the BTC/USD pair may rise as high as $92,000 if resistance at $84,000 is broken.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) is approaching its “most critical” resistance hurdle of the bear market, new BTC price analysis says.Key points: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.Bitcoin faces battle to avoid “bear cycle continuation”In an X post on Wednesday, crypto investment company TradingShot revealed the next key decision point for Bitcoin bulls.BTC price action continues to test $82,000, according to data from TradingView, but it is the area around $84,000 that will be essential to reclaim as support next.BTC/USD one-hour chart. Source: Cointelegraph/TradingView“Bitcoin is about to test its 1D MA200, the most critical Bear Cycle Resistance but has also already entered the Pivot Zone formed from the previous Low,” TradingShot wrote.An accompanying chart compares current price performance with the 2022 bear market, with the 200-day simple moving average (SMA) at the center.At the time, BTC/USD retested the 200-day SMA from below after initially losing it, but the reclaim failed — and the result was a trip to new macro lows.“This is a familiar pattern that $BTC forms during downtrends, it was also emphatically present during the 2022 Bear Cycle where those Pivot Zones got formed from a previous Low that was later tested as Resistance,” the analysis continues.BTC/USD one-week chart. Source: TradingShot/XShould history repeat, TradingShot is eyeing a dramatic correction, with a bottom target at $50,000.“A rejection now on this ‘Stepping Stones’ pattern will confirm the Bear Cycle continuation for BTC to $50000, while a break-out will invalidate it,” it concludes.As Cointelegraph reported, the $50,000 zone has long been a favorite among traders who see the bear market continuing.BTC price support band as “main focus”If the 200-day SMA is the resistance level to beat, two trend lines immediately below price are essential to retain as support, commentators argue.Related: Bitcoin price nears $82K as ‘big level’ sparks warning of fresh macro rejectionThe so-called bull market support band, formed of the 20-week SMA and the 21-week exponential moving average (EMA), sits near $78,000.In some of its latest X analysis, trading account Cryptic Trades said that the support band should stay the “main focus.”“I believe that as long as price keeps holding above this range, as well as the April 2025 bottoming formation around $76K, the broader market structure remains intact,” it wrote on Wednesday alongside an explanatory chart. “The other key level to track is the lost high-timeframe support range marked in purple around $84K, where I believe we could see a short-term rejection.”BTC/USD one-day chart. Source: Cryptic Trades/XThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Key takeaways:While Bitcoin onchain activity and derivatives show a lack of participation from traders, record spot ETF inflows point to strong institutional demand.The absence of leveraged longs may actually fuel further upside as sellers are forced to buy back if Bitcoin edges higher.Bitcoin (BTC) gained 7% over the past week, breaking above $81,000 for the first time in over three months. Despite the strong price performance, data suggest that Bitcoin derivatives lack optimism from investors and this raises questions on the rally’s sustainability. Bitcoin derivatives fail to mirror investors’ joy over $81,000Macroeconomic and several onchain metrics point to softening demand.Bitcoin 2-month futures basis rate. Source: LaevitasBitcoin monthly futures traded at a 1% annualized premium (basis rate) relative to spot markets on Tuesday, landing well below the neutral threshold. Typically, sellers demand a 4% to 8% premium to compensate for the cost of capital. This cautious sentiment took hold in late January, when Bitcoin was trading at $90,000, partly explaining the current lack of enthusiasm.To confirm if the issue is limited to futures, one should assess the demand balance between put (sell) and call (buy) options. Under neutral conditions, these instruments trade within a -6% to +6% premium relative to each other. When professional traders fear downside risks, the delta skew metric moves above 6%.Bitcoin 30-day options delta skew (put-call) at Deribit. Source: LaevitasThe Bitcoin delta skew moved closer to the 6% neutral threshold on Tuesday, though it remained slightly bearish. Whales and market makers do not appear particularly worried about an imminent crash, but bulls’ conviction has clearly stagnated. With Brent crude oil prices hovering near $110, persistent inflation concerns are weighing on traders’ expectations for economic growth.US 5-year inflation expectation vs. Euro 10-year government bond yields. Source: TradingViewUS inflation expectations neared a 10-year high of 2.5%, according to data from the Federal Reserve Bank of Cleveland. Simultaneously, investors are demanding higher returns to hold Eurozone government bonds. Despite these inflationary pressures, the tech-heavy Nasdaq 100 Index surged to an all-time high on Tuesday, signaling a broader risk-on environment.Declining Bitcoin onchain activity faces heavy spot ETF accumulationBitcoin may have benefited from this increased risk appetite, but weak onchain metrics hints with declining retail demand.Bitcoin onchain daily volume (USD) vs. number of transfers. Source: Glassnode / CointelegraphDaily network transfer volume has plummeted 54% from three months ago, dropping to $4.1 billion. Similarly, the number of transfers is nearing its lowest level in over five years. While Bitcoin’s price action is not strictly dependent on onchain activity, these metrics serve as a proxy for general public interest and adoption.The temporary pause in Strategy’s (MSTR US) accumulation ahead of its earnings release may have sparked some unwarranted fear. The company, led by Michael Saylor, maintained an aggressive acquisition pace over the previous four weeks. However, analysts expect Strategy to report a quarterly net loss due to its mark-to-market Bitcoin accounting.Related: Bitcoin turns risk on as stocks hit new highs and miner profits rise: Is $85K BTC next?Macroeconomic weakness and declining onchain activity negatively impacted Bitcoin derivatives, but the $1.16 billion in net inflows into US-listed Bitcoin spot exchange-traded funds (ETFs) between Friday and Monday suggests rising institutional demand.Ultimately, the lack of demand for leveraged bullish positions in Bitcoin derivatives might serve as a catalyst for further upside. As prices climb, shorts (sellers) may be forced to close their positions at a loss, fueling additional momentum.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short squeezes.Repeat short squeezes pressure bearsBitcoin researcher Axel Adler Jr. tracked over $7.9 billion in forced short liquidations since early February. The largest spike hit $737 million on Feb. 13, followed by multiple waves through March and April. The liquidation volumes ranged from $2–28 million per day before jumping back to $175 million on May 4. That spike came during a quiet week, pointing to renewed short exposure near $80,000. The pattern shows consistent reloading of bearish positions at higher levels.Bitcoin trend pulse. Source: Axel Adler Jr.The trend pulse data adds context to this behavior. The model moved from bear mode into neutral mode in early April. The short-term momentum has turned positive, while the long-term trend awaits confirmation from a bullish crossover of the 30-day and 200-day simple moving averages (SMAs). Axel Adler Jr. said each major liquidation wave formed while the trend pulse sat in neutral mode, a transition phase after bear mode without a full bullish confirmation. The largest spikes all occurred during this phase. The price was effectively at a crossroads, while traders kept adding short positions. That pattern shows repeated strength fading, followed by forced liquidations, creating pressure that can extend higher if current levels hold above $80,000-$81,500. Related: Bitcoin price nears $82K as ‘big level’ sparks warning of fresh macro rejectionBTC price holds key breakout zone above $80,000Market analyst Coin Niel pointed to continued BTC exchange outflows, with net flows of -837 BTC on May 5. The move signals ongoing accumulation, though smaller than the -6,590 BTC outflows on Monday, keeping the spot sell pressure limited.Bitcoin open interest on all exchanges. Source: CryptoQuantFunding rates hold near -0.0045, suggesting longs are not crowded while the short-side pressure remains active. BTC open interest climbed 6% to $29 billion, its highest level since Jan. 31, increasing sensitivity to large price swings. The BTC price action has turned constructive after Bitcoin broke above a descending trendline that capped rallies through April. The 100-day exponential moving average (EMA) now sits just below the price, acting as dynamic support. BTC is also holding near $81,500, aligned with the short-term holder cost basis, a key level that keeps recent buyers in profit, and may further reduce selling pressure. BTC/USDT on the one-day chart. Source: Cointelegraph/TradingViewThe upside range of $86,000 to $90,000 aligns with a prior supply zone, where sellers stepped in and halted the recovery. This area marks a cluster of past selling activity, with relatively fewer resistance levels before it. Below, the $76,000–$78,000 range serves as the first demand zone, supported by recent activity and a developed daily fair-value gap from last Friday. Crypto trader KriptoHolder noted that liquidation clusters are shaping the near-term direction. The short liquidations sit around $81,000–$82,000, while a larger pool of long exposure rests between $77,000 and $78,000. Data indicates $1.12 billion in cumulative shorts are at risk near $82,500, compared with over $4.2 billion in long positions facing liquidation near $77,000, defining a tight liquidity imbalance.Related: Bitcoin short-term cost basis approaches profitability, but $80K must flip to support firstThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

The Crypto Fear and Greed Index hit 50 on Tuesday, measuring “neutral” for the first time since Jan. 17. This shift ended a 108-day stretch dominated by negative sentiment. The index gauges market sentiment using volatility, momentum, trading volume, and social signals. A score below 25 signals “extreme fear” or risk aversion, while 26–49 reflects cautious positioning or “fear,” with higher readings indicating improving investor confidence. Crypto Fear and Greed Index. Source: Alternative.meThe index’s move to 50 marks its first neutral score since mid-January and follows a steady recovery in the total crypto market capitalization, which rose 5.45% in May. Since March, the market has expanded by 16.51%, climbing to $2.66 trillion from $2.28 trillion.TOTAL market cap on the one-month chart. Source: Cointelegraph/TradingViewThe positive shift in sentiment aligns with Bitcoin’s attempt to stabilize above the $81,000 level. Crypto analyst Darkfost noted that BTC sentiment is turning more constructive as the price tests higher levels. The analyst added that a separate sentiment index, ranging from -100 to +100, has also edged into the greed zone. This indicates that investor confidence is improving, with a growing preference to hold BTC rather than exiting positions.Bitcoin unified sentiment index. Source: CryptoQuantJanuary showed a similar shift in sentiment before the momentum faded. Darkfost pointed to the current phase as a potential pivot, with investor behavior shaping the next move.Related: Bitcoin ‘supercycle’ or a bear market rally? BTC breaking $81K has traders at oddsStablecoin outflows may stall momentum Binance stablecoin netflows have recorded a cumulative outflow of $11.8 billion since April 25. This metric tracks the movement of stablecoins into and out of the exchange and is often used as a proxy for available buying power.Positive net flows signal capital entering the exchanges, often associated with accumulation. A negative net flow indicates capital leaving, which can reduce liquidity for spot crypto purchases.Binance stablecoin netflows. Source: CryptoQuantRecent data shows a sustained drainage phase, with daily outflows exceeding $1.5 billion across multiple sessions. Earlier in April, Binance saw consistent inflows as Bitcoin climbed from $74,000 toward $78,000. That inflow cycle has now reversed.Market analyst Crazzyblockk noted that the earlier buildup of stablecoin reserves helped fuel the upward movement. The current outflow trend suggests this pool of deployable capital has thinned in the short term, potentially tempering the bullish momentum for BTC and other crypto assets. Related: Crypto products post 5th straight week of inflows despite mid-week selloffThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

XRP (XRP) is currently displaying a technical pattern that follows a 2025 fractal that produced 66% gains. The daily chart shows XRP price breaking out of a bull flag, which can also result in massive gains.Key takeaways:XRP is currently displaying a technical pattern similar to the 2025 price action that ignited a 66% price rallyXRP’s spot taker CVD has turned positive, suggesting confidence among buyers.XRP price chart fractal targets $2.35XRP’s price action in the daily time frame mirrors a technical structure after recovery from the  April 2025 cycle low, preceding a sharp upward continuation. The formation came after a multi-week consolidation inside a bull flag, followed by a bullish cross by the 20-day and 50-day exponential moving averages (EMAs), as shown in the chart below.Related: XRP set for ‘strongest’ 2026 monthly ETF inflows as bulls target $2The XRP/USD broke above the upper boundary of the flag in early July 2025, triggering a cascade of short liquidations and fresh buying that ultimately delivered 66% gains to its current all-time high of $3.66, less than two weeks later.XRP/USD daily chart. Source: Cointelegraph/TradingViewXRP’s current price action is following a similar pattern, with the price again breaking out of a bull flag pattern and a pending bullish crossover from the moving averages.If history repeats itself, XRP/USD may rally by more than 66% toward $2.35. Further confirmation of a trend reversal now hinges on the price holding above $1.40, which is also the flag’s upper boundary and the 50-day SMA.“XRP is gaining momentum above $1.40, holding firmly over its 100-hour SMA” analyst Jack Straw said in a Tuesday post on X, adding:“A clean break above $1.420 could trigger the next leg up.”Fellow analyst Sam Mti said XRP was “looking good” after a buy signal from the MTI indicator, with potential to move above $1.45 as long as support at $1.40 holds. XRP/USD 1-hour chart. Source: Sam Mti As Cointelegraph reported, buyers will gain the upper hand on a close above the $1.40 level, paving the way for an XRP rally toward $2, then to $2.40.XRP’s spot taker CVD suggests buyers are backXRP’s 90-day spot taker cumulative volume delta (CVD) shows that buy-orders (taker buy) have become dominant again. CVD measures the difference between buy and sell volume over three months.The metric flipped positive (green bars in the chart below) on May 1 as the price broke above the $1.38 resistance and has remained positive since. This indicates optimism among traders, as they’re actively positioning for further gains.If the CVD remains green, it means buyers are not backing down, which could set the stage for another rally as seen in the past. A similar occurrence in June 2025 accompanied 70% XRP price gains. XRP spot taker CVD. Source: CryptoQuantMeanwhile, XRP’s open interest (OI) delta flipped positive, rising to as high as $27 million on May 1, reflecting  a change in active derivatives positioning, data from CryptoQuant shows“A sharp positive reading suggests that new positions are being added to the market,” CryptoQuant analyst Amr Taha said in a QuickTake analysis on Tuesday, adding:“When this happens while price is rising, it often shows that traders are increasing exposure as momentum begins to recover.”XRP OI delta across exchanges. Source: CryptoQuantThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) climbed 3.5% this week to hit $81,325 on Tuesday, its highest level since January. But is Bitcoin’s multi-month highs just a bear-market rally, or has it already bottomed to resume the so-called “supercycle,” as some traders suggest?Key takeaways:Bitcoin may rally to $180,000–$200,000 as institutional accumulation offsets bear-market pressureSelling pressure remains firm near the $80,000–$82,000 area.BTC/USD daily price chart. Source: TradingViewBitcoin “supercycle” thesis targets $250,000 nextBitcoin’s rebound now stands at 35.70% from its February low of $59,930. Still, BTC remains roughly 36% below its October 2025 record high near $126,200. This has sparked debate among traders, with some analysts predicting a return to new all-time highs this year.Bitcoin is not in a typical boom-bust cycle but transitioning into its first “supercycle,” according to analyst PlanC. In a Tuesday post, he projected a move to above $250,000 by 2027–2028 from the $16,000 bear-market low in November 2022.His framework splits the current cycle into three phases: an initial rally to $126,000 (already achieved), a mid-cycle correction toward $60,000 (done, as well), and a final expansion phase targeting new highs above $250,000. Bitcoin supercycle illustration. Source: PlanCThe key distinction, he noted, is that the recent ~50% drawdown resembles prior mid-cycle resets, such as 2020 and 2021, rather than the deeper 70%–90% bear markets seen in 2014, 2018, and 2022.In the current scenario, institutional demand is absorbing over 500% of the new daily BTC supply, turning sharp crashes into softer corrections.Still, the thesis hinges on Bitcoin holding above its mid-cycle floor near $60,000. A breakdown below that level would invalidate the supercycle theory and reopen the case for a prolonged bear phase.”I think once BTC clears the mid 80’s and holds the chances of seeing new highs are quite high,” analyst Pentoshi said in a Tuesday post, citing the ongoing supply squeeze.He added:”In terms of probabilities, I think the lows are in and we could see BTC trade as high as $180k between this year and next.”Elliott Wave setup hints that Bitcoin’s bottom is inBitcoin’s latest rebound has strengthened the case that its correction from the January 2025 high has ended, according to trader Decode’s Elliott Wave analysis.The chart shows BTC likely completing a three-part A-B-C correction, with the final “C” wave bottoming near $60,000. In Elliott Wave terms, that usually marks the end of a corrective phase and can precede a new five-wave advance.BTC/USD weekly chart. Source: TradingView/DecodeDecode notes that Bitcoin has now moved back above its November low, even if only slightly. That overlap invalidates bearish wave counts that expected “one more low” within the same downward impulse.As a result, the bearish case has narrowed. BTC could still be inside a larger correction, but the cleaner setup now suggests the recent $60,000 area was likely a cycle low.A decisive reclaim of the $78,000–$80,000 range as support would further boost the odds of a BTC price rally toward $90,000–$100,000 next.Sellers step in near a key resistance confluenceBitcoin’s rebound is running into a familiar resistance cluster, raising the risk of a short-term pullback.As of Tuesday, BTC is testing the confluence of its 200-day exponential moving average (200-day EMA, the blue line) and the upper boundary of a bear flag channel near the $80,000–$82,000 region.BTC/USD daily chart. Source: TradingViewThis resistance confluence increases the odds of a Bitcoin pullback in the coming days, with the downside target sitting around the flag’s lower trendline near the $70,000–$72,000 area.A breakdown below the bear flag’s lower trendline risks pushing the price under $50,000.A similar setup played out in January, when Bitcoin rallied into its 200-day EMA after a prolonged downtrend but failed to break higher. The rejection triggered another leg down before a more durable bottom eventually formed.Also, the 200-day EMA served as strong resistance to Bitcoin’s bear market rallies in the past, particularly in 2018 and 2022, as highlighted in the chart shared by analyst Jason Pizzino. Source: XBTC’s price dropped by an average of 40% after testing the 200-day EMA as resistance during the 2018 bear market. In 2022, the average drawdown was around 35.5%.Related: Bitcoin short-term cost basis approaches profitability, but $80K must flip to support firstBTC price may decline to the $48,000–$52,000 range if the fractal repeats, aligning with the bear flag downside target.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.