Macro strategist Mark Connors says war-driven spending, rising debt and lower interest rates could support bitcoin.
WTI crude oil, which soared nearly 30% to $120 per barrel overnight, has pulled back to $95, easing pressure on risk assets.
A crypto market analyst has outlined what he describes as a straightforward mathematical method that helped identify the bottom of Bitcoin’s previous bear market. By focusing on long-term Fibonacci levels and quarterly price behavior, the analyst argues that the same structural logic that marked the 2022 bottom is now shaping Bitcoin’s next macro phase. Simple Math That Identified The Bitcoin Price Bear Market Bottom In an X post shared on March 8, crypto analyst Chetan Gurjar revisited a prediction he made in December 2022 regarding Bitcoin’s bear market low. While he acknowledged that the timing of the call was slightly off by a few months, he stated that the price target itself proved accurate. Related Reading: Bitcoin Liquidation Map Predicts The Next Targets To Watch Out For The analysis referenced Bitcoin’s bear market bottom around the $15,000 region in late 2022, which the analyst had previously projected using this framework. His approach centers on macro Fibonacci extension levels plotted on the quarterly chart, with particular focus on the 1.618 Fibonacci level positioned near $62,084. The chart accompanying the explanation highlights how Bitcoin historically reacts to this macro level. During the 2021 bull cycle, Bitcoin repeatedly failed to break and sustain price action above the 1.618 Fibonacci level. The analyst pointed to the second and fourth quarter candles of 2021, both of which were rejected at that same zone. These repeated rejections signaled strong resistance at the time, reinforcing the significance of the level in the broader market structure. By mapping these macro levels across cycles, the analyst argues that long-term Fibonacci mathematics can help identify both extreme lows and potential expansion targets. Quarterly Fibonacci Retest Suggests Next Macro Phase The analyst’s latest chart interpretation suggests that Bitcoin’s relationship with the 1.618 Fibonacci level has shifted from resistance to support. After breaking above the $62,084 region on the quarterly timeframe, Bitcoin has not produced a quarterly candle close below the level since the breakout. The chart shows two notable retests following the move. In the second and third quarters afterward, Bitcoin briefly tested the level but managed to hold above it on a closing basis. One quarterly wick even dipped below $50,000 before reclaiming the $62,084 level. As of the current quarter ending in March, Bitcoin is again trading above the same macro Fibonacci level. According to the analyst’s interpretation, this behavior represents a bullish quarterly retest. Related Reading: Analyst Says Bitcoin Price Bottom Hasn’t Happened Yet, Gives Timeline To Expect Reversal The projection drawn on the chart extends toward the next Fibonacci expansion level at 2.618, which sits near $393,874. Gurjar describes this level as the minimum macro target if the structure holds. The chart also signals potential volatility, suggesting price wicks could stretch toward the $500,000 region during the expansion phase. However, the analyst notes that deeper quarterly wicks remain possible depending on broader market conditions, including potential weakness in the altcoin market. Even with that caveat, the framework presents the current structure as a continuation pattern centered on Bitcoin holding the 1.618 Fibonacci level. Featured image created with Dall.E, chart from Tradingview.com
Swiss crypto bank Amina has joined 21X as a regulated banking participant, linking traditional financial institutions with a blockchain-based market for issuing tokenized securities.
The divergence between crypto and equities amid oil chaos suggests potential shifts in market dynamics, but long-term trends remain uncertain.
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Geopolitical tensions and volatile oil prices highlight Bitcoin's vulnerability to macroeconomic factors, challenging its "safe haven" status.
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The US Treasury's acknowledgment of legitimate crypto mixer uses may shift regulatory focus, potentially boosting privacy-focused crypto investments.
The post US Treasury report acknowledges legitimate uses for crypto mixers appeared first on Crypto Briefing.
Zcash Open Development Lab is developing the Zodl wallet, using the popular Zashi wallet codebase, and other Zcash-related tech.
The capital will be used to expand development of the Zcash (ZEC) protocol and its privacy-focused self-custodial mobile wallet, Zodl.
The firm used USDC on Ethereum and PayPal USD on Solana for insurance premium payments, testing how stablecoins could reshape settlements.
The funding round's success highlights growing institutional interest in privacy tech, potentially boosting Zcash's ecosystem and innovation.
The post Zcash surges as core development team closes $25 million funding round appeared first on Crypto Briefing.
SharpLink generated 14,516 ETH in native and liquid staking rewards since launching its treasury strategy in June 2025.
60% of XRP's circulating supply trades underwater at $1.35, with spot ETF outflows and weak sentiment adding pressure on the bulls amid the current slump.
Bitcoin has its own volatility gauge (BVIV), and that spiked in early February, suggesting crypto markets may have already experienced their panic phase.
Following an initial pullback, bitcoin rose toward $70,000 as oil volatility and a stronger U.S. dollar pressured risk assets.
Sonic Labs' USSD stablecoin is backed by tokenized Treasuries products from BlackRock, WisdomTree, and Superstate.
SUI is approaching a key decision point as technical signals begin to shape its next move. Analysts are closely watching the RSI trendline on the BTC trading pair, which could act as the trigger for the token’s direction. A break below the trendline may accelerate bearish momentum, while a successful hold could allow a short-term rebound toward key resistance zones before the broader trend unfolds. BTC Pair RSI Trendline Becomes The Key Trigger For SUI Crypto analyst Umair Crypto, in a recent update, pointed out that SUI’s next move may largely depend on the behavior of the RSI trendline on its BTC trading pair. According to the analyst, a decisive break below it could quickly push the price toward the $0.82 region. Related Reading: SUI Breakdown Attempts Absorbed — Is It Ready To Explode Higher? While attention is focused on the BTC pair, the USDT pair is already showing signs of weakness, hovering around the bottom of its range, suggesting that the market is under pressure. Therefore, the direction taken by the BTC pair’s RSI could play a crucial role in determining whether the range on the USDT pair continues to hold or eventually breaks. Umair outlined two possible scenarios. In the first scenario, a breakdown of the RSI trendline on the BTC pair would likely trigger further weakness, causing the USDT pair to lose its range support and opening the door for a decline below $0.82. The second scenario involves the RSI trendline holding firm. If that happens, SUI could see a short-term bounce, with price potentially moving toward the $0.94 level. Despite the possibility of a brief rebound, the broader market bias remains tilted to the downside. Any move toward $0.94 would likely represent a corrective bounce within the larger downtrend, rather than a full trend reversal. For now, the RSI behavior on the BTC pair continues to lead the signal, while the USDT range is expected to react accordingly. A Stabilization Around Key $0.89 Support Level According to an analysis from BitGuru, SUI is currently exhibiting signs of stabilization following a prolonged downtrend and several distinct phases of consolidation, suggesting that the aggressive downward momentum may be reaching a point of exhaustion. The primary focus for market participants is now centered on the $0.89 support area, where SUI is currently holding its ground. Related Reading: SUI Slides Into Key Fib Support — Is the Downtrend Far From Over? This specific price level has emerged as a critical floor for the asset; as long as the bulls can defend this zone, the structural outlook remains constructive for a potential trend reversal or a relief rally. Should this support level successfully hold, the technical framework suggests a shift in momentum toward the upside. Analysts are eyeing the $1.01 to $1.05 resistance zone as the immediate objective for a recovery. Featured image from Adobe Stock, chart from Tradingview.com
Bithumb was recently targeted by an investigation after the exchange mistakenly sent 620,000 BTC to hundreds of users.
Bitcoin and other crypto coins are rising as oil's surge cools, Polymarket and Kalshi are reportedly raising at massive valuations, and more.
HYPE's potential surge underscores the growing influence of decentralized finance platforms in reshaping traditional trading dynamics.
The post Arthur Hayes predicts HYPE could hit $150 by August on revenue growth, strong buybacks appeared first on Crypto Briefing.
The Bank Policy Institute is reportedly weighing a lawsuit against the OCC over national trust charters for crypto and fintech firms.
Crypto exchange Bithumb risks a partial business suspension for negligence around money laundering and customer verification practices, according to local media reports.
A new United Nations Development Programme report outlines how blockchain can support public systems.
The company now holds more than 4.5 million ETH, worth over $9 billion, though it is sitting on a loss of nearly $8 billion.
AI-focused cryptocurrencies are attempting a mild recovery after facing extended selling pressure in recent months. While the broader market structure remains cautious, recent price action in Bittensor (TAO) and NEAR Protocol suggests that buyers may be slowly stepping back into the market. Both assets are currently testing crucial resistance levels that could determine whether the …
The initiative is geared towards modernizing processes including corporate actions, shareholder engagement and proxy voting.
Bitmine Immersion Technologies has increased its ether treasury to 4.535 million ETH — about 3.76% of total supply.
“A digital money system with transparent, predictable, and ultimately scarce supply... has rising appeal in today’s economy due to fiat currency tail risks," said Grayscale.
The final 1 million BTC will take over a century to mine, with the last fractions, measured in satoshis, expected to be issued around 2140.
Internet Computer (ICP), up 1.4% from Friday, was also among the top performers.