Rebound
Bitcoin Breaks Through Its VWAP Price in Repeat of May Rebound
Key points: Bitcoin breaks through its volume-weighted average price (VWAP), echoing the rebound from April’s sub-$75,000 lows. Stocks see fresh all-time highs as markets digest the Fed rate cut. Liquidity suggests that volatility is incoming as BTC price targets $118,000. Bitcoin (BTC) eyed $118,000 at Thursday’s Wall Street open as stocks hit new all-time highs. […]
Bitcoin Price Rebound Cues Come as ETF Inflows Flip Green
Key points: Bitcoin is “getting closer” to its next local bottom after a trip below the $109,000 mark. A positive Coinbase Premium returns, raising hopes of a US demand recovery. ETF flows end Monday positive in a surprise comeback despite the BTC price downside. Bitcoin (BTC) consolidated around $110,000 at Tuesday’s Wall Street open amid […]
Bitcoin, Ether Target Late Shorts Amid Crypto Price Rebound
Key points: Bitcoin attempts a rebound into a cluster of shorts as market expectations flip bearish on BTC and altcoins. Speculative ETH traders form the largest-ever leveraged short postion, per data from CME Group. Crypto traders could be de-risking ahead of the US Federal Reserve’s Jackson Hole symposium. Bitcoin (BTC) returned to $116,000 after Monday’s […]