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Monday, October 12, 2026

Monthly Freebet Clubs at Crypto Sportsbooks: How Turnover Tiers Work

Monthly Freebet Clubs at Crypto Sportsbooks: How Turnover Tiers Work

Turnover clubs pay free bets for the amount you stake in a month, whatever the result. Stake $200 and you earn a small freebet; stake $1 million and the reward reaches thousands.

Monthly freebet clubs, also called turnover clubs, sort players into tiers by total sports stakes over a calendar month and credit a freebet at the start of the next. Results do not matter.

The headline rewards look generous at the upper end. Against the stakes behind them, most tiers return well under 1%, and freebet conditions cut that further.

How a Turnover Club Works

The mechanics follow a common pattern across crypto sportsbooks.

  • Turnover counts, not profit: every eligible stake adds to the monthly total, win or lose

  • Tiers set the reward: each threshold unlocks a fixed freebet, and higher tiers unlock larger ones

  • Eligibility rules filter bets: minimum stakes and minimum odds decide which bets count

  • Freebets come with their own terms: bet-type rules, odds limits and an expiry

This last point matters because freebets pay winnings only, without the stake itself. Freebet value therefore falls below the number printed on it, and the shortfall widens at short odds.

Dexsport's Sports Club Tiers

Dexsport offers a nine-tier Sports Club, and Dexsport freebets reach accounts on the first day of each month.

Tier

Monthly sports turnover

Freebet reward

Freebet bet type

Novice

$200 to $999

$5

Combo of 3 to 4 events, odds 1.3 to 5.0

Base

$1,000 to $4,999

$20

Combo of 3 to 4 events, odds 1.3 to 5.0

Player

$5,000 to $14,999

$50

Combo of 3 to 4 events, odds 1.3 to 5.0

Champion

$15,000 to $24,999

2 × $50

Combo of 3 to 4 events, odds 1.3 to 5.0

Expert

$25,000 to $99,999

2 × $75

Single bet, odds 1.8 to 3.0

Genius

$100,000 to $249,999

2 × $250

Single bet, odds 1.8 to 3.0

Hero

$250,000 to $499,999

5 × $200

Single bet, odds 1.8 to 3.0

King

$500,000 to $999,999

5 × $600

Single bet, odds 1.8 to 3.0

Legend

$1,000,000 to $10,000,000

5 × $2,000

Single bet, odds 1.8 to 3.0

Last verified: September 2026

The promotions page describes these turnover tiers, although one FAQ entry on the site describes the club in terms of a month in the red. Confirm the current rules with support before you plan around a tier.

The Reward as a Share of Turnover

Divide each reward by the turnover behind it, and sports turnover rewards look far smaller.

Tier

Reward at the tier's entry point

Reward at the upper end of the band

Novice

2.5%

0.50%

Base

2.0%

0.40%

Player

1.0%

0.33%

Champion

0.67%

0.40%

Expert

0.60%

0.15%

Genius

0.50%

0.20%

Hero

0.40%

0.20%

King

0.60%

0.30%

Legend

1.0%

0.10%

Three points stand out. Each tier's entry point gives the highest rate, so a player just over a threshold earns the most value for that band. Rates fall steadily through each band. And the lowest tier, at $200 of monthly stakes, gives the highest share of all.

Set against the built-in margin on a typical sportsbook line, often 4% to 5%, the reward offsets only a small part of the cost of the stakes. It pairs more naturally with weekly cashback, which responds to losses where a turnover club does not.

Conditions That Shape the Value

Several rules decide which bets count toward the total and how you can use the freebet.

  • Eligible bets: a minimum stake of $5 and minimum odds of 1.3, across all sports

  • Combos: a combo counts if at least one event has odds of 1.3 or higher

  • Entry: a confirmed email address on the account

  • Freebet balance: freebets stay in a separate balance and go on the slip through Place Freebet

  • Esports: freebets do not apply to esports bets

  • Odds caps: the maximum freebet coefficient is 5 from Novice to Champion and 3 from Expert to Legend

The combo requirement for lower tiers shapes the outcome most. Freebets on three or four legs pay only when every leg wins, so its expected value drops further than a single-bet freebet at the same face value. Combo bets multiply the margin as well as the odds.

Conclusion

Monthly freebet clubs reward turnover, not results. At Dexsport, nine tiers stretch from $200 of monthly sports stakes for a $5 freebet to $1 million or more for five $2,000 freebets.

Measured against the stakes, most tiers return less than 1% of turnover, and the highest rates come at each tier's entry point. Freebets pay winnings without the stake, which lowers their value again.

Treat a club reward as a small rebate on activity you would place anyway, not a reason to stake more. Check local law, set a monthly limit, and bet only if you are of legal age, since KYC or AML checks may apply. Responsible gambling matters most near a tier threshold.

 

 

Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice, and nothing here is a betting tip. Promotional tiers, rewards and terms change and can be withdrawn, so check the current rules on the platform before you rely on any programme. Sports wagers involve risk, and rules vary by country, so check the law where you live. Please play responsibly, within your means, and only if you are of legal age.



* This article was originally published here

Sunday, October 11, 2026

JPMorgan Says Bitcoin Above $85,000 Production Cost Could Ease Miner Selling

JPMorgan Says Bitcoin Above $85,000 Production Cost Could Ease Miner Selling

Bitcoin’s recent move above JPMorgan’s estimated average production cost of about $85,000 is relevant less as a standalone price signal than as a possible change in miners’ funding pressure. JPMorgan’s view is conditional: if Bitcoin remains above that level for long enough, miners may face less need to sell newly mined or treasury-held BTC. The estimate is a soft threshold, not an unbreakable market floor.

Bitcoin was around $84,187 when checked on September 25, slightly below the threshold after recently moving above it. A brief move above an average production-cost estimate does not automatically eliminate miner selling pressure or make every operation economical, since miner economics vary substantially by operator.

The practical question is therefore whether realised revenue stays high enough, for long enough, to affect equipment and financing decisions and the amount of BTC miners must sell to meet operating obligations.

The $85,000 threshold is a soft floor

JPMorgan described production cost as a “soft floor”, rather than a hard price floor. That framing is important. Mining does not stop across the network the instant BTC falls below an estimated average cost, nor do miners automatically become cash-generative the instant it rises back above one.

Instead, sustained sub-cost pricing tends to concentrate stress among operators with less efficient fleets, higher electricity costs, weaker access to capital or lower cash reserves. Those companies may sell Bitcoin to finance operations, turn off machines, or leave the market. The resulting reduction in network capacity can eventually lower competition for the remaining miners, but that adjustment is neither immediate nor uniform.

JPMorgan’s estimate therefore provides a useful sector-level reference point. It describes the broad economics confronting mining operators, not the exact break-even price for each business or each piece of hardware. Nor does it establish that BTC must trade at that price: market prices can remain below estimated production costs while miners absorb losses, use cash, sell inventory or reduce capacity.

A sustained recovery above the benchmark could ease those choices at the margin. It could mean fewer BTC sales by miners that had been using holdings as a source of liquidity, particularly if their operating costs are close to the sector average. But the word “sustained” carries most of the analytical weight. At $84,187 on September 25, Bitcoin remained just under the estimate that JPMorgan had identified as the relevant pressure point.

A 280-day sub-cost stretch has already driven capacity out

JPMorgan’s comparison is stark: Bitcoin prices had spent roughly 280 days below production cost, against about 224 days during the 2018 bear market.

The bank also cited a roughly 19% fall in hash rate from its October peak and a roughly 15% decline in mining difficulty. In its reading, some uneconomic capacity had already left the network.

Those figures describe a network that has begun to adjust before any sustained move above the roughly $85,000 production-cost estimate. When high-cost miners sell Bitcoin, shut equipment, or exit, lower capacity can reduce the computational burden for the operators still active and improve their marginal economics.

That is why the estimate functions as a soft floor rather than a hard stop. A recovery above it would arrive after an extended shakeout; lower hash rate can show both the discipline of the survivors and the extent of the capacity loss that preceded them.

Public-miner costs are not one number

CoinShares put publicly listed miners’ weighted-average cash cost at approximately $79,995 per BTC in the fourth quarter of 2025, close to JPMorgan’s $85,000 estimate. That makes JPMorgan’s figure a plausible broad sector benchmark for a sizeable share of listed mining capacity.

Costs vary widely by measure and operator. Riot Platforms reported a first-quarter 2026 cash cost excluding depreciation of $44,629 per BTC, while CoinShares estimated fourth-quarter 2025 all-in costs of $153,040 for MARA and $170,366 for Riot. Riot’s measure excludes depreciation, CoinShares’ figures are all-in estimates, and the reporting periods differ. The variation shows why an industry-wide production-cost estimate is not a company-specific profitability measure.

Miners’ cost structures and financial positions differ, so the data do not support treating every public miner as equally compelled to sell below $85,000 or equally relieved from selling above it. If Bitcoin remains above JPMorgan’s estimated average production cost, selling pressure may ease for miners closest to that margin, but sector-wide BTC sales would not necessarily cease and miners would not necessarily make identical treasury decisions.

Treasury depletion and AI revenue reshape the selling question

Mining economics are only part of the immediate selling calculation. CoinShares said publicly listed miners collectively reduced their BTC treasuries by more than 15,000 BTC from peak levels. It also estimated that roughly 15% to 20% of the global mining fleet was unprofitable at the reported hash price, according to its first-quarter 2026 mining report.

That combination limits the case for declaring a quick end to miner-related supply pressure. Treasury sales already made cannot be reversed by a modest price rebound, and the unprofitable portion of the fleet points to continuing strain somewhere in the network. A miner that has drawn down holdings during a 280-day sub-cost period may still prioritise liquidity even if spot BTC temporarily moves above an average cost estimate.

The sector’s move toward artificial intelligence and high-performance computing introduces a second complication. JPMorgan said miners are redirecting capacity toward AI revenue. In one direction, that can slow Bitcoin hash-rate growth because resources that might have supported mining are allocated elsewhere.

In the other direction, diversified revenue can reduce reliance on selling BTC to fund operations. For companies able to make that shift, the link between Bitcoin’s price and required treasury sales may become less direct, although the effect will depend on each operator’s exposure to those businesses and cannot be assumed across the sector.

JPMorgan’s $85,000 level is consequently best viewed as a conditional relief point after a lengthy industry adjustment. It identifies where aggregate economics may become less punitive. The extent to which that becomes lower BTC selling will be decided by uneven costs, the state of miners’ remaining treasuries and whether non-mining revenue is sufficiently material to change their cash needs.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Saturday, October 10, 2026

Raiffeisen Expands Bitpanda Crypto Partnership Across Central and Eastern Europe

Raiffeisen Expands Bitpanda Crypto Partnership Across Central and Eastern Europe

On September 23, 2026, Raiffeisen Bank International (RBI) and Bitpanda agreed a group-wide framework for digital-asset services across RBI’s Central and Eastern European markets.

Bitpanda Enterprise will supply the underlying infrastructure for RBI network banks. Bitpanda said the arrangement could enable those banks to offer digital assets to approximately 18 million customers through a progressive, locally tailored rollout.

The framework expands on Bitpanda’s initial Austrian deployment, but availability will be determined market by market rather than launched across the group simultaneously.

Bitpanda Enterprise becomes RBI’s group-wide infrastructure provider

RBI and Bitpanda say Bitpanda Enterprise will provide the infrastructure for a group-wide framework that allows banks across RBI’s CEE network to offer digital-asset services.

The companies described a progressive, locally tailored rollout, with individual local banks determining implementation and offerings. Bitpanda’s announcement estimates the framework could reach approximately 18 million customers, a measure of potential network reach rather than immediate access for all customers.

RBI says it operates subsidiary banks in 11 CEE markets and serves 18.8 million customers through roughly 1,300 branches.

The expansion extends Raiffeisenlandesbank Niederösterreich-Wien’s 2024 model

The broader arrangement builds on a model already used by Raiffeisenlandesbank Niederösterreich-Wien, or RLB NÖ-Wien. That bank launched Bitpanda-powered crypto access within its existing banking environment in 2024.

That earlier launch matters because the new framework is an extension of a bank-integrated approach rather than a newly announced model without an existing deployment. Der Standard reported that the model is being extended gradually across RBI’s CEE subsidiaries.

The announcement hinges on a distinction between infrastructure and distribution: Bitpanda Enterprise is intended to provide the behind-the-scenes service, while RBI’s local banks retain the customer-facing role in markets where they elect to proceed.

Christian Trummer, Co-CEO of Bitpanda, and Michael Höllerer, CEO of Raiffeisen Bank International; photo by Sabine Klimpt. — Source: Bitpanda Group

Local RBI banks control the pace and product offering

The agreement creates a group-level route for expansion, not an immediate network-wide launch. Bitpanda describes a progressive, locally tailored rollout, with each RBI bank deciding whether to offer digital-asset services, when to do so, and which products to make available.

Customers in different RBI markets may consequently receive different access, timetables, and product ranges. The practical next step will be announcements from the relevant local bank.

Bitpanda’s infrastructure is intended to provide access through existing banking relationships, without a separate crypto account or application, according to its description of the framework.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Friday, October 9, 2026

Cosmos Hub Restarts After Neutron Governance Attack, Moves 1.23M ATOM

Cosmos Hub Restarts After Neutron Governance Attack, Moves 1.23M ATOM

Cosmos Hub validators restarted the network at 12:00 UTC on September 23 after a roughly 24-hour, 48-minute halt, restoring block production and normal operations, according to the Cosmos Hub’s official X account mirror. The first post-restart block transferred 1,227,121.374688 ATOM from a wallet linked to the Neutron attacker to a newly created address without a transaction signed by the wallet owner, PrimeXBT reported. Cosmos Hub said its own network had not been exploited.

Validators restart Cosmos Hub after 24-hour, 48-minute halt

The restart ended an interruption that began in the wake of an attack involving Neutron’s governance process. The Hub’s update said validators had resumed producing blocks and that normal operations had returned.

The episode put Cosmos Hub validators at the centre of a response to an incident outside the Hub itself. The restart restored the chain’s operations, but the subsequent transfer made clear that the response also extended to assets associated with the alleged attacker.

First post-restart block transfers 1,227,121 ATOM

The first block produced after Cosmos Hub restarted included a transfer of 1,227,121.374688 ATOM—about 1.23 million ATOM—from a wallet linked to the Neutron attacker to an address created for the transfer.

PrimeXBT reported that the transaction did not include a signature from the wallet’s owner.

Neutron proposal compromised 11 Astroport and Drop-linked contracts

Approximately $9.4 million in assets were exposed or drained after an expedited Neutron governance proposal gave an attacker control over 11 contracts connected to Astroport and Drop, according to Unchained.

Cosmos Hub validators halted and later restarted the network during the response.

Cosmos Hub said it was not itself exploited and that the affected funds were limited to assets moved from Neutron. The incident was a Neutron-related governance attack rather than an exploit of Cosmos Hub itself.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Thursday, October 8, 2026

KuMining Marks One Year With 200,000+ Users and Expansion Across Five PoW Assets

KuMining Marks One Year With 200,000+ Users and Expansion Across Five PoW Assets

The cloud mining platform records more than $25 million in sales and over 5 EH/s in cumulative BTC hashrate sales across retail and institutional clients 

KuMining, the cloud mining platform developed by KuCoin, has marked its first anniversary with more than $25 million in total sales volume, over 200,000 users and cumulative BTC hashrate sales exceeding 5 EH/s across retail and institutional clients.

One year after launching with Bitcoin mining and DOGE/LTC merged mining, KuMining now supports five Proof-of-Work assets: BTC, DOGE, LTC, ZEC and KAS. ZEC was added in July 2026, followed by KAS in August, expanding the range of mining options available through the platform.

KuMining provides access to computing power from physical mining rigs without requiring users to buy mining equipment or manage operations directly. The platform and its partners handle infrastructure including equipment, electricity, cooling and maintenance, while users purchase hashrate for a selected service period and receive output from the underlying mining activity.

The model is designed to provide both retail and institutional users with access to professionally operated mining infrastructure while simplifying the operational requirements typically associated with mining.

Alongside Bitcoin, DOGE/LTC merged mining remains a core part of the platform. The model uses the same computing power to mine both networks simultaneously, enabling users to receive mining output in DOGE and LTC without separately configuring equipment or mining pools.

Expanding Access to Managed Mining Infrastructure

KuMining introduced KuMining 2.0 in March 2026, adding more flexibility to how users purchase hashrate and manage mining activity.

Through Lite Mode, users select an asset, budget, and available service period, and the platform automatically matches the corresponding hashrate. Pro Mode gives users direct control over their selected hashrate and service period, with terms of up to 360 days depending on the asset.

Hashrate fees are paid upfront, while electricity charges are deducted daily in USDT through a dedicated Mining Account. The account provides records of daily and cumulative mining output, balances, electricity deductions and order history.

Mined assets are also held within the KuCoin ecosystem, where users can trade them or access eligible Earn services without first transferring assets between separate mining, wallet and exchange platforms.

As with other forms of Proof-of-Work mining, output can vary based on network conditions and equipment performance, while electricity costs and token prices can affect profitability. KuMining provides users with visibility into both mining output and associated electricity costs through the Mining Account.

More Than 200,000 Users in the First Year

According to company figures, KuMining served more than 200,000 users during its first year and recorded more than $25 million in total sales of its mining services.

Cumulative BTC hashrate sales exceeded 5 EH/s across retail and institutional segments over the same period.

The platform’s expansion from its initial BTC and DOGE/LTC offering to five supported assets reflects a broader range of hashrate services available to users without requiring them to purchase and operate mining hardware directly.

“Over the past year, we have focused on making mining more accessible through flexible hashrate services and clearer account management,” said Jolie Du, Chief Operating Officer of KuMining. “As we enter our second year, we will continue to strengthen our infrastructure and explore extending this service model to GPU and AI compute offerings.”

Anniversary Campaign Offers More Than 100,000 USDT in Rewards

To mark its first year, KuMining launched its “KuMining 1st Anniversary: Mine, Earn & Celebrate” campaign on September 22, 2026, with rewards worth more than 100,000 USDT.

The campaign includes rewards for new users and cumulative purchases, hashrate and electricity-fee coupons, and a guaranteed-prize draw. Eligible participants can receive draw entries by completing purchase and referral tasks.

Available prizes include USDT, BTC, KAS, ZEC, DOGE and LTC, alongside fee coupons and devices including an iPhone 18 Pro Max, Apple Watch Ultra 4 and AirPods Pro 3.

Eligibility requirements, task conditions, reward distribution and campaign duration are subject to the official campaign terms.

As KuMining enters its second year, the platform plans to continue developing its mining infrastructure while exploring how its managed service model could extend beyond Proof-of-Work mining into GPU and AI computing services.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Wednesday, October 7, 2026

How a BTC to XMR Swap Works, From Deposit to Payout

How a BTC to XMR Swap Works, From Deposit to Payout

A BTC to XMR swap turns Bitcoin into Monero without an account on a trading platform. The process has four steps, and problems usually come from a small detail in one of them.

This walkthrough follows a single swap from the order form to the payout. It also notes what can go wrong along the way, and how to avoid it.

Key points

  • You need a Monero receiving address and BTC in a wallet you control.

  • Choose a floating rate that follows the market, or a fixed rate with a timer.

  • Send the exact amount in one transaction, with a normal network fee.

  • Keep the order ID. It is the reference for tracking and for support.

  • The Bitcoin payment stays visible on the Bitcoin chain. The Monero payout does not.

Before you start: an address and the coins

You need two things. The first is a Monero wallet with a receiving address. The official wallet from getmonero.org works, and so do other open-source wallets. A fresh subaddress, which starts with 8, keeps this payout apart from earlier ones.

The second is BTC in a wallet you control, or on a platform that lets you withdraw to any address. Your own wallet is the better option, because the fee setting and any refund stay in your hands.

HiddenSwap (hiddenswap.com) is a no KYC crypto exchange for crypto-to-crypto swaps: no account, no email and no ID are needed to swap. The steps below use its order flow as the example.

Before anything is sent, the BTC to XMR exchange page lists the live rate, the minimum and maximum amounts and the payout fee. Check it before you open the order form.

Steps 1 and 2: set up the BTC to XMR swap

Step 1 is the pair. Select BTC on the Bitcoin network as the coin to send and XMR as the coin to receive. Paste your Monero address, copied from your wallet, and check that its opening and closing characters match the ones in your wallet.

Step 2 is the rate. A floating rate is set at the moment the Bitcoin network confirms your deposit, so the XMR amount can rise or fall until then. A fixed rate keeps the quoted price, provided the exact amount lands in one transaction before the order timer ends.

A refund address for your BTC is optional, but useful. If the swap cannot finish, the coins go there instead of back to the address they came from. Use an address from a wallet you control, not a platform deposit address.

Step 3: send the exact BTC amount

The order page shows a deposit address made for this order and the exact amount to send. Pay that amount as one transaction. Splitting it, or reusing the address for a later swap, causes problems.

Set a normal network fee. New Bitcoin blocks are found roughly every 10 minutes, and a payment with a low fee can sit unconfirmed through many of them. On a fixed rate, a slow deposit can miss the timer.

This payment is public. Bitcoin transactions stay visible on the Bitcoin chain, including the amount and the addresses. The privacy of this swap begins with the Monero you receive.

If you send from a platform account, check that it sends the full amount after its own withdrawal fee. Some platforms take the fee out of the amount you enter, and the deposit then arrives short.

Step 4: track the order and receive the XMR

Keep the order ID shown on the order page. It lets you reopen the page to follow the swap, and support needs nothing else to find it.

The page shows each stage: the deposit, the confirmations, the swap and the payout. When the payout is sent, the XMR appears in your wallet after it syncs. Monero locks newly received coins for 10 blocks, around 20 minutes, before they can be spent.

HiddenSwap shows a time estimate for each pair in the swap form, but the real time depends on the Bitcoin network. No one can promise an exact finish time for a swap.

What can go wrong, and how to avoid it

A low network fee is a common cause of delay. The deposit waits in the mempool until miners include it, and a fixed-rate timer can expire meanwhile. The normal fee setting in your wallet avoids most of this.

A different amount is the second issue. The result varies with the rate type and with the minimum for the pair, and the HiddenSwap FAQ covers each case. Sending the exact amount avoids the question.

The market can also move. On a fixed rate, a price move of 3% or more before your BTC confirms can mean a choice between a new rate and a refund.

A wrong payout address is the hardest problem to fix. Monero payments cannot be reversed, so compare the address with your wallet once more before you create the order.

Frequently asked questions

Do I need an account or an email?

No. The swap needs the pair, the amount and your XMR address. The order ID takes the place of a login.

What if my Bitcoin payment is stuck?

Wait for it to confirm, or raise the fee if your wallet supports fee bumping. Never pay the same deposit address a second time. If a fixed-rate timer runs out, contact support with the order ID.

Is the XMR payout private?

Yes. Once the XMR is in your wallet, later payments with it keep the payer, the payee and the amount private by default. The BTC deposit before it stays visible on the Bitcoin chain.

With the address checked and the fee set right, moving from Bitcoin to Monero is a short, clear process.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Tuesday, October 6, 2026

Bitcoin Approaches Key Higher High: Can It Break the Bear Market?

Bitcoin Approaches Key Higher High: Can It Break the Bear Market?

The Bitcoin price is only a matter of $1,000 or so from surpassing a key macro high that would be a huge step towards changing the macro trend from bearish to bullish. Could the price explode to the upside once this higher high is achieved?

$BTC price moves up out of parallel channel

Source: TradingView

The short-term 4-hour chart reveals that the $BTC price is creeping steadily towards the prize of that key higher high at around $82,820. The price has left the top of the parallel channel, and this time around, there looks to be plenty of momentum to take the price past that key higher high.

Even just taking into account the measured move out of the channel, this would take the $BTC price to $87,000 should it completely play out. We also have no little matter of a bull flag, the measured move of which could take the price up to the wonderful round figure of $100,000.

Breaking the bear market, then ending it

Source: TradingView

In the daily chart we can see the two big bear flags that accounted for most of the downside in the bear market. The last higher high for each bear flag have now become key targets for this as yet unconfirmed bull market. 

The $BTC price is currently approaching the previous bear flag top. If a higher high can be put in here, this could break the back of the bear market. Given that the price is currently issuing from the top of a bull flag, the upside momentum and the measured move could then take the price beyond the next bear flag top - officially ending the bear market and confirming the new.

At the bottom of the chart, the RSI indicator line has crossed up through the small downtrend, signalling that the bulls are back in charge. Look for a break and then a confirmation of the key 70.00 limit, which would mean the price is going higher still.

$BTC price makes key higher high

Source: TradingView

As can be seen in the weekly chart, in the last few minutes the $BTC price shot up and beyond the key higher high, getting to just above $84,000 so far. This is excellent news for the bulls. Depending on the depth of buying interest behind this move, the price will either go to $85K - $87K, with the possibility of $90K, or will come back to test the higher high or perhaps the top of the channel before going higher again.

The bottom of the chart gives another very positive view of the RSI. The indicator line has broken up through a trendline that started back in March 2024. The next step, if the $BTC price is to continue moving up, is to make a higher high. This would entail the indicator line getting above the 70.00 level.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Monthly Freebet Clubs at Crypto Sportsbooks: How Turnover Tiers Work

Turnover clubs pay free bets for the amount you stake in a month, whatever the result. Stake $200 and you earn a small freebet; stake $1 m...