Will Bulls Charge or Will Bears Break Through?

By: bitcoin ethereum news|2025/05/09 02:45:02

With a 7% gain, PI is trading at the $0.6222 level. The daily trading volume has jumped by over 232%. The crypto market is on the recovery boat. All the major assets light up the green chart, breaking the nearby resistance. Among the altcoins, PI has posted a solid surge of over 7.21% in the last 24 hours. In the early hours, the asset traded at a low of $0.5774, and the bullish wave has triggered the price to move up toward the $0.6486 mark. If the crucial resistance zones are tested, a potent upside correction could be reinforced. At the time of writing, PI traded within the $0.6222 range, with its market cap at $4.38 billion. Concurrently, the asset’s daily trading volume has increased by over 232%, reaching $128 million. Will PI Stay Steady or Slip? PI’s four-hour candlestick of PI reports the early stage of recovery. The asset’s target at $0.6342 resistance might initiate a sturdy upside correction. Assuming the asset builds a bullish zone, it could kickstart a rally, triggering the price to climb to the $0.65 level. Should the bears make a comeback, it might reinforce the bear pressure, retracing the price back to the $0.60 range. A deeper downside correction might drive the asset down and could invite the death cross to form, pulling back the price to the former lows. The Moving Average Convergence Divergence (MACD) line is above the zero line, indicating positive momentum. However, the signal line is slightly above it. It may likely lose strength or face potential consolidation. In addition, the Chaikin Money Flow (CMF) indicator settled at 0.19, suggesting moderate buying pressure, and the capital is flowing into the asset, reflecting bullish sentiment within the market. The asset’s daily Relative Strength Index (RSI) value of 62.02 signals mild bullish momentum, which might approach the overbought zone. This level has room for further upside before hitting crucial resistance. Highlighted Crypto News 39% Jump: Will Mog Coin (MOG) Break Barriers or Burn Out? Source: https://thenewscrypto.com/pi-at-a-crossroads-will-bulls-charge-or-will-bears-break-through/

April 8, 2026 – A temporary ceasefire between the U.S. and Iran has provided some immediate relief to the global markets, but the fundamental question remains: Will the cessation of hostilities hold, or is this merely a brief reprieve before a resumption of conflict? As the situation unfolds, market observers are closely monitoring how key assets like oil, gold, and Bitcoin will react in the coming weeks. This article explores whether the ceasefire is a sign of lasting peace, assesses the short-term market implications, and delves into the evolving role of Bitcoin in the global financial landscape.

WEEX Market Update: U.S.-Iran Ceasefire Sparks Bitcoin Price Surge

April 8, 2026 – In a significant shift in global geopolitics, U.S. President Donald Trump has announced a temporary two-week ceasefire with Iran, resulting in a notable market reaction across various asset classes. This development comes after discussions between Trump, Pakistani Prime Minister Shahbaz Sharif, and Army Chief General Asim Munir. The announcement is already reverberating through markets, particularly in oil, gold, and cryptocurrencies.

Morning Report | South Korean financial institutions pilot stablecoin payments for foreign users; Morgan Stanley Bitcoin ETF is about to be listed; CME plans to launch AVAX and SUI futures contracts

Overview of Important Market Events on April 7th

EigenCloud Founder: AI and Cryptocurrency are Creating the Next Trillion-Dollar Asset Class

Cryptocurrency is a rare capital formation tool for generations: it democratizes the ability to create new digital assets and grants fully digital ownership structures to internet-native entities.

From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire

For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.

US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally

Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.

OpenAI has no "New Deal," a blueprint for AI that refuses to pay.

OpenAI has published a 13-page policy whitepaper, proposing a Robot Tax, Universal AI Wealth Fund, and Four-Day Workweek

Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis

A 5% Gate Failed to Split Blue Owl and Goldman Sachs into "Good Fund" and "Bad Fund"

OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI

《The New Yorker》 Retells the OpenAI Power Struggle, Revealing Sam Altman's Governance Rift and Trust Issues

「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?

The reality is much more complex than everyone imagines; the Strait of Hormuz is not in a simple open or closed state.

Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?

Oil is no longer just a byproduct of war but is becoming the war itself

Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

Compared to CME, Hyperliquid's high transaction costs remain a key obstacle to its expansion in the commodities trading sector.

After a 40% Reduction in Staff, Twitter's Founder to Give Away $1 Million in Bitcoin

Jack Dorsey's Bitcoin Day, a Landmark Return of the Bitcoin Faucet

Trade.xyz: Pricing the World? On-Chain Markets Are Becoming the Market

When the market begins to move ahead of the news, a shift from trading to pricing is taking place