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Currently, Bitcoin (BTC) encounters a significant obstacle in the form of double top resistance at the $31,000 level. This resistance has previously acted as a strong barrier, raising concerns about the potential for a bearish correction in the near future. In this Bitcoin price prediction, we will primarily focus on the technical analysis of Bitcoin, examining whether the double top resistance will hold or if Bitcoin will break through and sustain its upward trajectory. Bitcoin Price As of today, the current price of Bitcoin stands at $30,273, accompanied by a 24-hour trading volume of $16.4 billion. Over the past 24 hours, Bitcoin…

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Three suspected Brazilian crypto fraudsters have been detained while trying to flee to Argentina – as police continue to probe the troubled Braiscompany. In March, a number of suspected employees were filmed apparently emptying the firm’s São Paulo premises under cover of night. In May, police officers issued arrest warrants for a number of Braiscompany employees. And executives from the firm appear to have attempted to flee the country as police launched an investigation codenamed Operation Halving. In an official announcement from the Brazilian police, officers explained that they had caught three people in Foz do Iguaçu, on the Brazil-Argentina border. Officers identified two…

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Veteran crypto trader Tone Vays is predicting upcoming rallies for Bitcoin (BTC), saying that the crypto king is in full-on bullish mode. In a new strategy session, the seasoned analyst tells his 123,000 YouTube subscribers that the top crypto asset by market cap is flashing signs that it is set to burst to the upside. “I highly doubt we’re gonna crash in the next 12 hours, so [the] next candle will be a green star candle, and that hopefully will set us off on a new swing high. The last green star candle took all the thunder. Now, most of the thunder…

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Bitcoin price is correcting gains from the $31,400 zone. BTC could revisit the $29,200 support or even $28,500 before it starts a fresh increase. Bitcoin is currently correcting gains from the $31,400 zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $30,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to correct lower toward the $29,200 support or $28,500. Bitcoin Price Starts Downside Correction Bitcoin price remained well-bid above the $29,500 resistance zone. BTC cleared the…

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The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation. A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member states have failed to implement the rule. The call comes after a series of FATF meetings at its headquarters in Paris. FATF claimed “more…

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Binance Dubai general manager Alex Chehade says there are plenty of good reasons why the UAE will become the world’s next major crypto hub. The United Arab Emirates is becoming the next big focus for Binance in the wake of a slew of enforcement actions in the United States against the crypto exchange. Speaking to Cointelegraph, Binance Dubai general manager Alex Chehade said the UAE is a prime destination for crypto businesses seeking a clear path forward and noted its friendly stance toward digital assets. “Binance identified that the senior leadership of the UAE wanted to establish the region as…

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ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures. Bitcoin  BTC $30,483 exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows from institutional investors. On June 26, a surge of inflows to the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — was observed by Bloomberg senior ETF analyst Eric Balchunas. The fund had its largest weekly inflow in a year at $65.3 million with its assets topping $1 billion. BITO was the first BTC-linked ETF…

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Ripple price is facing resistance near the $0.520 level against the US dollar. The price is now trading above $0.52 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.4910 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down below the $0.4720 support zone. Ripple price is struggling below $0.520 against the US Dollar, unlike Bitcoin. XRP price must stay above the $0.472 support to remain in a bullish zone. Ripple Price Analysis After struggling to stay above…

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Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could correct lower if it breaks the $1,865 support zone. Ethereum is currently correcting lower from the $1,920 resistance. The price is trading above $1,865 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,890 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a short-term drop if there is a break below the $1,865 support. Ethereum Price Struggles Below $1,920 Ethereum’s price extended its increase above the $1,850 resistance zone. ETH even…

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The price of Bored Ape Yacht Club NFTs saw turbulence over the weekend as Jeffrey Huang, also known as Machi Big Brother, initiated a flurry of Bored Ape sales and then followed up with several purchases of NFTs from the collection. In total, Huang sold over 50 Apes over the past couple of days, according to data from NFT marketplace Blur. In one transaction alone on Saturday, Huang cashed in 19 Apes at once for 651 Ethereum on Blur, worth around $1.2 million, as of this writing. The only guarantees in life are death, taxes, and Machi market dumping a million dollars worth…

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