Dig Deeper, Invest Smarter
BlackRock Bitcoin ETF (IBIT) is leading once again as net inflows into spot ETFs surged $588 million on Tuesday. BlackRock’s IBIT alone contributed $436 million in inflows, while swallowing a total of 4,134 Bitcoins, thereby taking its total Bitcoin holdings closer to 700,000. Besides, the IBIT share price also surged 2.5% on Tuesday, reclaiming the
The post BlackRock Bitcoin ETF Approaches 700,000 BTC Milestone, IBIT Share Jumps appeared first on CoinGape.
The post SHIB Breakout Alert! Can Shiba Inu Rally 45% to $0.000020? appeared first on Coinpedia Fintech News
Shiba Inu (SHIB), the popular dog-themed meme coin, is making waves with its recent price momentum following the formation of a bullish price action pattern on the daily time frame. The past few days have been favorable for the meme coin, as it has broken out from a descending trendline that acted as a resistance level and further confirmed a breakout from a bullish inverted head and shoulders pattern.
Following the breakout, SHIB turned bullish, partially shifting its market sentiment from a downtrend to an uptrend. According to CoinPedia’s technical analysis, if Shiba Inu’s price continues to rise and closes a daily candle above the $0.0000138 level, there is a strong possibility that the meme coin could surge by 45% to reach the $0.000020 level in the future.
Despite this positive development, Shiba Inu remains below the 200 Exponential Moving Average (EMA) on the daily time frame, keeping the meme coin in a downtrend.
As of now, SHIB’s Relative Strength Index (RSI) stands at 55, indicating strong momentum for the meme coin and suggesting that it has enough room to rise significantly.
At press time, SHIB is trading near $0.0000139, registering a price surge of over 2% in the past 24 hours. Meanwhile, the meme coin’s trading volume has increased by 6% during the same period, indicating heightened participation from traders and investors compared to the previous day.
With this bullish price action, intraday traders appear to be strongly betting on the long side, as reported by the on-chain analytics firm Coinglass.
Data reveals that traders are currently over-leveraged at $0.0000132 on the lower side and $0.00001413 on the upper side, having built $1 million in long positions and $270.50K in short positions.
Additionally, this over-leveraged level suggests that bulls are currently dominating the asset and could support the meme coin in its upcoming rally.
The post SHIB Breakout Alert! Can Shiba Inu Rally 45% to $0.000020? appeared first on Coinpedia Fintech News
Shiba Inu (SHIB), the popular dog-themed meme coin, is making waves with its recent price momentum following the formation of a bullish price action pattern on the daily time frame. The past few days have been favorable for the meme coin, as it has broken out from a descending trendline that acted as a resistance …
Michael Saylor and Strategy (formerly MicroStrategy) have shown no signs of tapering their Bitcoin accumulation spree. Investors are bracing for an imminent BTC purchase announcement in the coming days amid ambitious plans to raise cash. Michael Saylor Posts Portfolio Tracker, Signaling Imminent Bitcoin Acquisition Strategy Executive Chairman Michael Saylor has posted the company’s portfolio tracker,
The post Michael Saylor Signals Further Bitcoin Purchases For Strategy appeared first on CoinGape.
Bitcoin price rally halted at $97,800 on Saturday, as markets reacted to a major update in Arizona state’s cryptocurrency reserve adoption.
Bitcoin’s upward momentum faced unexpected headwinds this week following a political setback in Arizona. Governor Katie Hobbs formally vetoed Senate Bill 1025, which sought to allow the state to invest public funds in Bitcoin.
This move came just days after the bill passed the Arizona House, signaling bipartisan momentum toward crypto adoption at the state level.
Citing fiduciary risk, Hobbs emphasized that Arizona’s retirement system remains one of the nation’s strongest precisely because it avoids “untested” assets like virtual currency.
This development aligns Arizona with several other states, Oklahoma, Montana, and Wyoming, where similar crypto bills have faltered.
The bill had proposed establishing a Digital Assets Strategic Reserve using seized state funds and upto 10% of the state Treasury.
Hobbs’ veto marks a significant reversal, especially as the state legislature had edged closer to positioning Arizona as the first U.S. state to adopt Bitcoin as a reserve asset.
Looking forward, another related proposal, SB1373, still awaits a final vote and may reopen the conversation if it garners enough legislative support.
BTC price posted a strong performance through the week, climbing to new 70-day highs at $97,800 early Saturday before retracing toward $96,700.
The timing of the pullback, which closely followed Governor Hobbs’ veto, appears to have introduced caution among traders and short-term holders.
Data from Coinglass’ Liquidation Map reveals a dense cluster of short positions at the $98,000 mark, where bears have placed roughly $1.2 billion in leveraged bets.
The liquidation map visually highlights where significant liquidations may occur if price moves strongly in either direction.
While bulls control a dominant $7.45 billion in long positions, only $4.42 billion sits on the short side. However, nearly 25% of the total short leverage is focused precisely at $98,000, suggesting that bears are using Arizona’s regulatory rejection as a catalyst to test upside resistance.
Despite this, bulls still hold a $3 billion advantage, suggesting a strong defense could emerge around support levels, particularly near $96,000, where previous consolidation zones have formed.
With Arizona’s veto introduces fresh regulatory skepticm, it could weaken institutional demand over the weekend as markets await further clarity.
The presence of $1.2 billion in short positions clustered at $98,200 creates a psychological and technical ceiling, dampening momentum toward a $100,000 breakout.
For Bitcoin to advance towards the $100,000 bullish BTC price forecast trajectory, a decisive move above this short cluster is required, potentially triggered by renewed institutional accumulation or fresh policy tailwinds.
Until then, Bitcoin price action could be limited within the $96,000–$98,000 range, if weekend activity subsides as predicted.
Bitcoin price forecast today suggests a tempered and cautious stance, with momentum visibly slowing just below the $98,000 mark.
The daily chart shows BTC consolidating after a strong run, but the reluctance to breach upper resistance near the Bollinger Band’s top at $100,736 reflects rising overhead pressure.
On the positive side, BTC price remains above the 20-day moving average, at $90,813, but the tightening bands signal reduced volatility and a potential pause in upward extension.
The BBP indicator, though still in positive territory at 5,647, has flattened, reflecting a moderation in buying pressure.
Meanwhile, the MACD lines remain in a bullish crossover, but the histogram bars are shortening—implying weakening bullish momentum.
This raises the possibility of a sideways drift over the weekend unless another significant market catalyst revives institutional interest
Bitcoin price forecast today leans cautious as long as price action remains boxed between $96,000 support and $98,200 resistance.
A decisive break above $98,200 would invalidate the consolidation thesis, while a drop below $96,000 could open downside toward $92,000. For now, the technicals call for restraint until clearer direction emerges
The post Bitcoin Price Now Facing $1.2B Sell-Wall as Arizona Governor Blocks Crypto Reserve Bill appeared first on CoinGape.