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Swissblock technologies
Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally
Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.
Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says
Bitcoin nearly doubled in price since late January, but a "counter move seems to be near," Swissblock analysts said.
Bitcoin 'V-Shape' Recovery Opens Way for $76K Price Target: Swissblock
The plunge from all-time highs turned the $60,000 area into a support level for prices, one observer noted.
Meme Coin Rally May Signal Impending Altcoin Season; This Is the Sign to Watch
Bitcoin has led the crypto advance this year, but altcoins could start outperforming soon, analysts said.
How the U.S. Dollar's Performance Can Impact Bitcoin
Swissblock Technologies predicts the impending dollar bounce will likely pave the way for a deeper decline that would bode well for cryptocurrencies. "This month-long structure will eventually break, and both assets will experience price discovery – bitcoin to the upside, and DXY to the downside," Swissblock Insights said. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
