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Crypto

Experts outline bitcoin scenarios: more decline vs surge to $127,500

Bitcoin is more likely to face further correction and a prolonged range than a sharp short-term rebound, a forecast said. Legendary trader Peter Brandt (피터 브란트) said bitcoin could remain in a downward channel, dismissing a bullish flag interpretation. He cited moving-average pressure and an ADX reading of 28.27 as evidence sellers remain in control. Brandt kept a long-term upside target near $127,500, but said it requires a confirmed breakout above the channel.

Crypto

Bitcoin rebounds to $63,400 despite Hormuz closure news and U.S. inflation surge

Bitcoin recovered the $63,400 level despite a rise in the U.S. producer price index and reports that Iran temporarily closed the Strait of Hormuz. BTC/USD rose as high as $63,200 on Bitstamp, up more than 2.5 percent on the day, Cointelegraph reported. Oil prices climbed, with WTI topping $91 a barrel. U.S. data showed May core final demand prices up 5.1 percent year on year and CPI up 4.2 percent.

Crypto

Bitcoin selling pressure persists as rate burden grows on strong U.S. jobs data

Bitcoin extended a six-day decline, moving closer to a retest of $60,000. Cointelegraph reported the drop deepened after the U.S. stock market opened, leaving bitcoin down about 16 percent over a week. Traders cited continued sell-side dominance and weakening short-term charts, though some indicators suggested selling was easing. Stronger-than-expected U.S. May jobs data and upward revisions to April payrolls added to pressure by reducing expectations for Federal Reserve rate cuts.