Bitcoin is holding above $92,000 as renewed institutional support lifts market sentiment.
Notable Statistics:
Coinglass data shows 106,270 traders were liquidated in the past 24 hours for $338.43 million. According to Polymarket, the probability of a 25 bps Federal Reserve rate cut has jumped to 94%. In the past 24 hours, top gainers include Ethena, Bitcoin Cash and Zcash.
Notable Developments:
Ex-SEC Chair Gary Gensler Warns Crypto Remains ‘Speculative, Volatile’ Did The UK Really Recognize Crypto While Simultaneously Trying To Ban It? Binance Co-Founder Yi He Becomes Co-CEO After Trump’s Changpeng Zhao Pardon Clears Way For Expansion Michael Saylor Claims Bitcoin Is Bigger Than Google And The US Navy Combined Jim Cramer Calls Michael Saylor ‘The Master Poker Player’ Who Never Shows His Hand Michael Saylor, Nayib Bukele, Tom Lee Stand Firm Amid Crypto Sell-Off — Here Are Entities Buying Bitcoin, Ethereum Dips Aggressively
Trader Notes: Altcoin Sherpa said Bitcoin is pushing into a major resistance band and nearing the 4-hour 200 EMA, a zone that typically produces sharp reactions. Despite the danger, he still sees room for short-term upside.
Ted Pillows cautioned that while a strong rally could convince traders a new all-time high is approaching, the setup mirrors early 2022, when BTC reclaimed the 50-week EMA only to lose it and plunge 50%.
Even powerful pumps can be traps without higher-timeframe confirmation, he warned.
Eljaboom added that Bitcoin is now retesting the critical weekly SMA-50 — the level that sparked the last full-scale bear phase.
A clean breakout would restore the bullish structure while another rejection could reopen the path toward an $80,000 sweep.
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‘We Are Not Bitcoin Traders, We’re Bitcoin Investors,’ Says Strategy CEO Fong Lee $BTCBitcoin – United States dollar$93066.001.93%Overview$DOGEDogecoin – United States dollar$0.15073.33%$ETHEthereum – United States dollar$3128.504.41%$SHIBShiba Inu – United States dollar$0.0000096.03%$SOLSolana – United States dollar$141.141.77%$XRPRipple – United States dollar$2.191.55%Market News and Data brought to you by Benzinga APIs
