Wintermute: BTC finds support at the 200-week moving average; a clear macro environment is needed to resume upward movement

Foresight News reports that Wintermute stated, “The recovery of the crypto market depends on the clarity of the macroeconomic situation. The 200-week moving average still provides support, and the absence of structural damage suggests that when the recovery occurs, the rebound could be stronger than market sentiment implies. Currently, we are in a range-bound and slightly downward trend, with leverage factors dominating short-term market movements. Recently, $70,000 remains a resistance level. A recovery in the second half of 2026 is possible, but to achieve this, most participants will need to have exhausted their patience.”

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Strategy's average BTC holding cost has decreased for the first time in 2.5 years

Odaily Planet Daily reports that according to Arkham monitoring, Michael Saylor's average purchase price of BTC has decreased. Strategy bought BTC for $168.4 million, causing MSTR's average cost basis to drop by $29, down to $76,027. This is the first time since September 25, 2023, that this data has decreased in nearly two and a half years.

GateNewsBot15m ago

Arthur Hayes warns of a credit crisis caused by AI, Bitcoin could hit a new high

Arthur Hayes warns that the recent divergence between Bitcoin and Nasdaq 100 tech stocks signals a potential AI-driven credit crisis, prompting central banks to resume large-scale money printing. He argues Bitcoin acts as a liquidity indicator and predicts consumer debt defaults if 20% of US knowledge workers lose jobs, resulting in significant credit losses. Hayes anticipates regional banks will face immediate pressure, leading to a credit freeze and a Fed response that could push Bitcoin to new highs. His company may also invest in altcoins Zcash and Hyperliquid when the Fed changes its policy.

TapChiBitcoin35m ago

Singapore Removes Capital Gains Tax On Bitcoin And Crypto Investors Rush In

Singapore has once again positioned itself at the center of global financial innovation. The government now offers 0% capital gains tax on Bitcoin and other cryptocurrencies. This bold move strengthens Singapore crypto tax 0% policies and sends a strong message to global investors. The country

Coinfomania1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)