According to BlockBeats news, on December 10th, CryptoQuant analyst Axel posted on social media that Bitcoin has regained its bullish structure after a pullback to $80,000. The move comes against the backdrop of the market almost fully pricing in a third consecutive rate cut by the Fed, which will improve financial conditions and open a window for further asset gains without Powell releasing hawkish surprise signals. Since the peak pullback to the $80,000 range in October, the price has shown a steady upward trend over the past 14 days. The key signal is: the 200-day moving average (DMA) slope (blue histogram) has turned positive for the first time in a month, indicating that short-term bullish momentum has returned. The current price has stood above the 50-day and 200-day moving averages, and the trend is confirmed. The 52-week high (orange line) forms a key resistance level – once breached, it will open room for subsequent gains.
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
BitFuFu discloses selling 80 BTC in March, reducing its holdings to 1,794 BTC
Gate News update, April 10: Nasdaq-listed Bitcoin miner BitFuFu disclosed its March operating data. The data shows that BitFuFu sold 80 bitcoins in March, while its mining output during the same period was 214 BTC, including 171 BTC from its cloud mining business and 43 BTC from its self-operated mining business. As of the end of March, BitFuFu’s bitcoin holdings totaled 1,794 coins.
GateNews57m ago
TD Cowen cuts Strategy’s target price to $350 and assigns buy ratings to four digital asset treasury companies, including Sharplink
TD Cowen cut Strategy (MSTR)’s target price by 20.5% to $350, maintained a Buy rating, citing a lowered expectation for the price of bitcoin. For fiscal year 2026, its forecast for bitcoin revenue was reduced to $7.87 billion, and it still believes MSTR will convert demand for market volatility through leverage.
GateNews1h ago
StarkWare researchers propose a quantum-safe Bitcoin scheme that enables post-quantum transactions without requiring a soft fork
The Quantum-Safe Bitcoin (QSB) proposal put forward by StarkWare researcher Avihu Levy uses existing Bitcoin scripts to provide post-quantum security, avoiding a soft fork. QSB uses a Binohash-based construction and a “hash-to-signature” puzzle to defend against quantum computers’ attacks on elliptic curve cryptography. The scheme relies on RIPEMD-160’s preimage resistance, effectively strengthening the security of Bitcoin transactions.
GateNews1h ago
Bhutan Government Transfers 250 BTC Worth $18.05M to New Wallet
Gate News message, the Central Government of Bhutan transferred 250 BTC valued at $18.05 million to a newly created wallet address.
GateNews1h ago
BTC breaks through $72,000, up 1.17% over the past 24 hours
Gate News message, on April 10, market data showed that Bitcoin broke through $72,000, with a 24-hour increase of 1.17%.
GateNews2h ago
Bitcoin 1 Week RSI Breaks Downtrend for First Time Since October Crash, Recovery Rally Ahead?
Bitcoin 1 week RSI breaks downtrend for the first time since October crash.
Is a recovery rally expected for crypto prices.
Several possible targets set for bullish and bearish BTC outcomes.
Bitcoin and crypto enthusiasts grow hopeful for a promising crypto market price surge as new
CryptoNewsLand2h ago
