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Crypto
Bitcoin keeps $67,000 target; five variables to watch this week
Bitcoin is holding a key support zone in the $63,000 range, keeping hopes alive for a short-term rebound. Traders are watching whether it can push into the $65,000 to $67,000 area and reclaim resistance around $68,500. Some analysts caution that a broader bearish phase may be under way. Rising U.S.-Iran war tensions, a jump in oil prices and rate concerns add pressure, while weak spot demand remains a key constraint despite some ETF inflows.
Crypto
Nvidia overvalued, bitcoin undervalued; Bitwise flags interest rates as key variable
Bitcoin has entered a historically undervalued zone on major valuation indicators, but the U.S. Federal Reserve\'s hawkish stance and competition for liquidity are limiting buying, an analysis said. Bitwise said bitcoin remains in a “severely undervalued” range based on the Mayer Multiple. Inflows remain weak, with CryptoQuant metrics showing continued deterioration. The Fed held rates, but policymakers signaled possible hikes, keeping pressure on speculative assets.
Crypto
Bitcoin may have formed a double bottom, $100,000 possible in September
Bitcoin has revalidated support around $60,000, raising expectations it could retest $100,000 by September. It has rebounded about 13 percent from its June low and approached $67,000, but faces short-term resistance and signs of whale selling. Analysts are watching a possible double-bottom pattern near $60,000 and a weekly RSI bullish divergence. A break above $81,000 could confirm the pattern, while a drop below $60,000 would weaken it.
