According to a TradingView crypto analyst named ‘TradingShot,’ the Bitcoin price has formed a Double Bottom pattern and is on track to reach a new All-Time High (ATH) of $112,000. This potential shift in trajectory comes after the cryptocurrency experienced a severe price crash that briefly pushed it below the $100,000 mark. Bitcoin Price Finds Strong Support At Double Bottom The Bitcoin price crashed below $100,000 earlier this week as the China-based Artificial Intelligence (AI) model DeepSeek gained significant popularity across the US and global investment market, overtaking OpenAI’s ChatGPT. While this decline came as a shock, triggering a massive sell-off, Bitcoin managed to recover over 50% of its losses in a short time. Related Reading: End Of The Road For Bitcoin? Analyst Reveals When Price Will Crash To $50,000 Following this severe crash, TradingShot revealed that Bitcoin had rebounded at a Double support level, using two strong support lines to prevent further price slips. The analyst shared a detailed price chart that highlights several Double Bottoms, including one forming near the 4-hour 200-Moving Average (4H MA200). A Double Bottom pattern is a chart formation that indicates a potential trend reversal from a downtrend to an uptrend. It is characterized by two consecutive lows around the same price level and creates a W-shaped movement. Looking at the chart, the Bitcoin price is moving within an Ascending Channel, indicating a general uptrend. The 4H MA200 on the orange trend line is a strong Double Bottom support level, which Bitcoin recently tested for the first time in 12 days. TradingShot also mentioned a “Pivot trend line” in which Bitcoin previously faced resistance, starting from its ATH on December 17, 2024. This trend line now acts as a support line for the cryptocurrency, as its price has reversed near it. Notably, Bitcoin almost touched the bottom of January’s Channel Up, indicating a potential key support zone. This is similar to a pattern in December, where the cryptocurrency bounced off the same support and hit a new ATH. Key Resistance At 4H MA50 — Breakout Or Rejection? In TradingShot’s chart, the 4H MA50 is indicated on the blue line, acting as a dynamic resistance level for the cryptocurrency. Currently, Bitcoin is trading below this Moving Average, meaning a breakout above this level could trigger more upside. The analyst predicts that if Bitcoin breaks above the 4H MA50, it could continue its bullish momentum toward a higher price level between $110,000 and $112,000. This massive surge would mark a new ATH for the pioneer cryptocurrency, as the highest price Bitcoin has ever reached is above $108,000. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next Supporting this bullish scenario, the TradingView analyst highlights Bitcoin’s Relative Strength Index (RSI), which shows oversold areas marked in green circles on the chart. Whenever RSI drops below 30, Bitcoin tends to rebound, indicating a potential for a strong bounce. Conversely, the analyst forecasted a bearish scenario for Bitcoin if it faces a rejection around the 4H MA50. He predicts that Bitcoin could revisit the Double Bottom at $98,000, a bearish level observed on both December 23 and January 13. An even deeper correction is expected for this cryptocurrency if it continues on a downtrend, with the analyst projecting a crash to $96,000. Featured image from iStock, chart from Tradingview.com
AI16z, a venture capital fund powered by AI agents, has officially rebranded to ElizaOS, marking a strategic shift in its growth and position in the industry. Following the announcement, CryptoSlate’s data indicated that the project’s AI16z token is now trading at $0.61, showing a 6% drop in 24 hours and a 50% decline over the […]
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The synergy between AI and decentralized protocols will be central to the transformation of commerce, argues the founder of infrastructure firm Boson Protocol.
Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key $100,000 price level. Bitcoin Holding Strong Despite NASDAQ Sell-Off Bitcoin’s resiliency amid the stock market sell-off is ‘extremely bullish’, says Bitwise’s European Head of Research, Andre Dragosch. They highlighted that the leading digital asset has outperformed NASDAQ over the past two days and is currently showing limited downside risk. It is worth noting that BTC has gained close to $5,000 since yesterday’s dip to $97,777, trading at $102,758 at the time of writing. In contrast, the S&P 500 closed yesterday’s last trading session down 1.5%. Related Reading: Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC? The decoupling between BTC and the stock market is further evidenced by differing investor sentiments. According to the ‘Fear & Greed Index’, the stock market currently sits at 44/100, indicating lingering fear among investors after yesterday’s market downturn. Conversely, the Index’s reading for the crypto market stands at 72/100, suggesting a sentiment of greed toward digital assets. However, this could also indicate that the crypto market is lagging behind the stock market and may experience a further drawdown while the stock market seeks stability. Meanwhile, Keith Alan, co-founder of Material Indicators, shared a post on X, viewing BTC’s brief slump as a dip-buying opportunity and adding to his BTC position. Alan noted: That wick to $97,750 should not shake your confidence in this Bitcoin bull run, but it should remind you that a deep correction can, and most likely will, develop when the market gets over hyped. Similarly, seasoned crypto trader and analyst Rekt Capital shared insights on Bitcoin’s current price momentum, stating that it is “still relatively early” in BTC’s parabolic phase for this market cycle. Historically, this phase has lasted about 300 days on average, and BTC is currently at day 82. BTC Top Not In Yet? Although BTC reached a new all-time high (ATH) of $108,786 on January 20, some analysts believe the top is not yet in for the cryptocurrency. According to analysis by Stockmoney Lizards, BTC could reach a cycle peak of $400,000 by November 2025. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says A further rally for BTC seems plausible, as ‘whales’ have started accumulating the cryptocurrency since Donald Trump’s inauguration. Other projections suggest BTC may peak at $249,000 under the Trump administration. On a longer-term horizon, BTC could reach as high as $1.5 million according to Metcalfe’s Law. At press time, BTC trades at $102,758, up 1.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Crypto prices fell 6.5% on average on Jan. 27 amid a major sell-off in risk assets prompted by a Chinese artificial intelligence (AI) model raising worries about AI profitability. However, AI-related tokens saw slightly lower average declines for the day at 5.4%. Based on CryptoSlate data, AI tokens with the worst daily performances are AIOZ […]
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The VVV token launch could accelerate decentralized AI adoption, enhancing privacy and reducing reliance on centralized AI platforms.
The post Erik Voorhees’ Venice debuts VVV token with first airdrop targeting AI agents appeared first on Crypto Briefing.
DeepSeek impact prompts $2.5B AI market cap decrease, affecting investments and tech stocks due to cost advantages and instability.
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Shares of Cipher Mining and Core Scientific are trading down 30%, while other miners are down about 20-25%.
Bitcoin experienced a sharp decline during Asian trading hours, falling below $100,000 as widespread market turbulence impacted the broader crypto and stock markets. According to CryptoSlate’s data, BTC declined by more than 6% during the last 24 hours to as low as the $97,000 level before recovering to $99,290 as of press time. The drop […]
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Artificial Intelligence tokens have a market cap in the billions, and pools of capital startups would be jealous of. But they got beat by a lean, efficient team.
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Not all narratives are created equal. In the age of digital financial platforms, investing in all kinds of assets has never been easier. This is happening at a time when the stakes are both clear and high. In order to […]
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Binance Labs has officially rebranded as YZi Labs and expanded its investment scope to include artificial intelligence (AI) and biotechnology, according to a Jan. 23 statement shared with CryptoSlate. YZi Labs aims to foster groundbreaking projects in Web3, AI, and biotech while identifying potential synergies across these sectors. The firm hopes to drive meaningful innovation […]
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The Solana-based DEX builder is gearing up for an expansion.
The Twitter/X account of Janice McAfee, wife of infamous cybersecurity expert John McAfee, announced the launch of AIntivirus (AINTI), a memecoin tied to an AI-driven project inspired by her late husband’s legacy. The token, which went live on Jan. 23 at 1 A.M. GMT, reached a $100 million market cap within five hours before stabilizing […]
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OpenAI has challenged the jurisdiction of an Indian court to compel the removal of ChatGPT’s training data, asserting that such an order would conflict with its legal obligations under US law, Reuters reported, citing a recent court filing. The case, filed by Indian news agency ANI in November, alleges that OpenAI used its published content […]
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AI agents, the new "digital workforce," are poised to redefine talent in the crypto space, says Jennifer Murphy of Runa Digital Assets.
On Jan. 21, OpenAI announced the Stargate initiative, a groundbreaking project to develop advanced AI infrastructure in the United States. Stargate initiative According to the firm, the project is planning an estimated $500 billion investment over four years, and the organization intends to allocate $100 billion upfront to accelerate its goals. The project focuses on […]
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Avalanche is positioning itself for significant growth in the US by leveraging the Trump administration’s focus on technological advancement On Jan. 21, Emin Gün Sirer, founder of Ava Labs, shared optimism about the administration’s emphasis on innovation, describing it as a timely push for transformative growth. According to him, Avalanche intends to align its initiatives […]
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Bitcoin's dip to $100,000 was quickly bought up and its outlook still remains "bright," one analyst said.
The rise of AI agent-driven ecosystems in DeFAI could revolutionize decentralized finance, governance, and societal structures globally.
The post Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems appeared first on Crypto Briefing.
As an experiment, Cointelegraph asked two different AI models, OpenAI’s ChatGPT and xAI's Grok, to predict how XRP price could be affected by a spot ETF approval.
DeFi is undergoing a fresh wave of innovation in 2025, and one of the most exciting trends right now is the merger of DeFi and AI—often referred to as DeFAI. This fusion of cutting-edge tech has the potential to shake up how we think about finance, offering better accessibility, streamlined automation, and more personalized tools […]
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Nell’universo delle crypto, in modo particolare durante le fasi di mercato rialziste, vengono lanciate quotidianamente numerose nuove altcoin. Ecco perché è particolarmente importante per i trader di criptovalute rimanere costantemente aggiornati. Dopo alcune prevendite sensazionali delle ultime settimane, come Pepe Unchained, che ha raccolto oltre 70 milioni di dollari, o la prevendita in corso di […]
Solana has landed in a pretty unique position within the blockchain world, becoming the network of choice for artificial intelligence agents. A recent report from Franklin Templeton shows that around 70% of these virtual assistants depend on Solana’s capabilities for their operations. This is reflective of the capability of Solana to process an extremely high volume of transactions with reasonable efficiency and a much lower cost than any other blockchain network. Related Reading: Analyst Declares XRP A Bullish Favorite – Rally Imminent? The Emergence Of AI Agents AI agents are altering the digital realm. These advanced agents not only accomplish tasks but also make decisions and significantly improve operation efficiency in the crypto sector. One of them is the Truth Terminal, an artificial intelligence chatbot which initially became popular for promoting a fictional religion but later attracted enormous attention by championing the meme coin, Goatseus Maximus, based on the Solana blockchain. Such a project indicates how AI agents can impact the market dynamics as well as influence users in such a manner. Intersection of AI Agents & the Crypto Ecosystem pic.twitter.com/dr621skRxy — Franklin Templeton Digital Assets (@FTDA_US) January 14, 2025 Solana Competitive Advantage What sets Solana apart? Its high throughput and low transaction fees make it a perfect platform for AI applications. As demand for computing power continues to increase, developers are now realizing the benefits of developing on Solana. With its scalable architecture, the blockchain can accommodate the data-intensive nature of artificial intelligence technology. This is significant since AI is still developing and permeating many different industries. Innovative Projects Thriving There are already a lot of new projects starting up in the Solana environment. ARC is working on making rule-based AI bots that help people make decisions, while Zerebro is using the blockchain to make AI-generated music and NFTs. These projects show how AI can be used in a variety of ways on Solana, showing how flexible it is and how appealing it is to creators. Another highly interesting project is Nosana, which will build a decentralized grid of GPU resources running on Solana. It seeks to lower the costs for developers who require computing power to run their AI models by tapping into the idle GPUs from consumers and businesses. This will not only maximize resource utilization but also democratize access to this essential technology. Related Reading: Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies Market Potential And Future Outlook The market for AI tokens is growing even though it is still in its infancy; at present, it is worth about $4 billion, or barely 0.12% of the total value of the cryptocurrency market. However, this market has grown significantly; in a single day, some projects supported by Solana increased the overall market capitalization of AI tokens by 15%. Featured image from The Elm, chart from TradingView
AI agents could launch their own brands, products, music and movies, driving value to social media platforms, the researchers wrote.
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.
The company envisions a world of AI agents, like Eliza, trading autonomously onchain.
Increasing political support for cryptocurrencies and advancements within blockchains and artificial intelligence is bound to make 2025 a memorable year for the crypto industry.
With less than a week until he leaves office, the US president could have signed one of the last executive orders of the more than 150 implemented during his term.
Donald Trump could issue executive orders addressing crypto de-banking and a bank accounting policy when he re-takes the presidency on Jan. 20.