THE LATEST CRYPTO NEWS

Bitcoin’s price action has been relatively stable in recent days, currently trading just above $107,000 after briefly touching previous highs near $108,000.  Amid this backdrop, technical analysis from a popular crypto analyst on the TradingView platform outlined a compelling structural setup forming on Bitcoin’s daily chart. The analysis shows that Bitcoin’s action is in a compression phase that could precede a breakout to $115,000 very soon. Related Reading: Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role Compression Structure Forming Below $108,000 Resistance Bitcoin’s price action is currently following movements in traditional risk assets like the S&P 500 and Nasdaq, both of which have recovered following the recent de-escalation of geopolitical tensions in the Middle East. Against this backdrop, crypto analyst RLinda shared an outlook on TradingView that highlights a structural setup forming on the D1 chart and predicts a breakout to as high as $115,000 if some resistance levels are cleared.  According to RLinda, Bitcoin is in the middle of a compression phase just below the $108,100 resistance level. This follows what the analyst describes as a false breakout above $100,000, which led to a brief distribution and now an active accumulation zone. The daily chart shows price action gradually tightening within the $106,500 to $108,100 range since June 25, the essence of which the analyst called a pause for a breather before a possible continuation of growth.  The current setup has already established well-defined boundaries, with support at $106,500 and $108,100 as immediate resistance. A breakout above this immediate resistance would pave the way for the next resistance around $110,400 and bring Bitcoin within striking distance of its all-time high at $111,000. On the other hand, a short-term pullback toward $105,650 is still possible before a new move to the upside. Bitcoin Price Levels To Watch Bitcoin’s price action is really pressing on this resistance level around $108,000 and is building momentum for a breakout once the price level gives way. The key resistance levels to monitor are stacked around $108,100, $108,900, and $110,400. As long as the structure between $106,500 and $108,100 holds, and Bitcoin’s price is sticky near the top of that zone, the breakout scenario becomes increasingly probable. Although there are currently no reasons for a decline on the daily and weekly candlestick charts, the analyst noted that a temporary pullback to $105,650 or even $104,650 cannot be ruled out. However, even such a pullback would likely only serve as a retest but still keep the broader setup intact.  Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength At the time of writing, Bitcoin is trading at $107,457, up by 0.5% in the past 24 hours. The breakout trigger is still at $108,100. If broken, Bitcoin could easily move to new highs around $115,000.  Featured image from Unsplash, chart from TradingView

The Bitcoin price had a tough start to the weekend, plummeting from its $106,000 high to just above $103,000 on Friday, June 20. The flagship cryptocurrency became somewhat stable above this price zone, hovering around the $104,000 mark for most of the past day. However, the Bitcoin price faced another wave of bearish pressure in the late hours of Saturday, June 21, falling to around $101,500 as a result. Below is an analysis of the BTC price and what lies ahead for the world’s largest cryptocurrency by market capitalization. Next BTC Support Level Lies At $100,000: Analyst Popular crypto analyst with the pseudonym Titan of Crypto put forward an interesting analysis for the Bitcoin price as the market leader struggles to build any momentum. According to the online pundit, the price of BTC could be on its way to retest a crucial support area if it continues to lose its bullish impetus. Related Reading: Bitcoin Net Taker Volume Enters Deep Red On Binance — What’s Next For BTC Price? Using the Bitcoin price chart on the weekly timeframe, the next significant support level lies around the $99,000 – $100,000 range. The confluence of the Fair Value Gap (FVG) and the rising Tenkan-sen (red line) around this price region makes the zone a significant area to watch if selling pressure persists. The Tenkan-sen, a key component of the Ichimoku Cloud indicator, is often considered a significant line in analyzing short-term trends. The Tenkan-sen line is often seen as a key support and resistance level, as well as a signal line for potential trend reversals. The Fair Value Gap is a liquidity void often created by a sharp movement in price, indicating a lack of trading activity within a particular price range. FVGs are usually considered as potential regions of interest for future price corrections, as investors often look to fill the liquidity void. With the FVG and the Tenkan-sen set within this same region, Titan of Crypto noted that the Bitcoin price may find a support cushion around the $100,000. This level appears to be extremely crucial for the flagship cryptocurrency in the short term, especially as its bullish momentum wanes. Meanwhile, holding above this $100,000 support could be critical to Bitcoin’s long-term trajectory. It is worth noting that the price of BTC has not traded beneath $100,000 since May 8, reaching the $110,000 mark twice within that span. Bitcoin Price At A Glance After falling to around $101,400 in the late hours of Saturday, the price of Bitcoin has now returned around $103,000. As of this writing, the price of BTC stands at around $102,845, reflecting a 0.4% decline in the past 24 hours. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Featured image from iStock, chart from TradingView

In a striking forecast, two academic researchers, Murray Rudd and Dennis Porter, have predicted that Bitcoin (BTC) could soar to an astonishing $4.3 million by 2036 if institutional buying trends continue.  This prediction was highlighted by market expert Giovanni Incasa, who emphasized the significance of applying rigorous supply-demand theories to Bitcoin’s unique economic structure. Supply Shock Warning Rudd and Porter have employed pure mathematical modeling to analyze Bitcoin’s market dynamics, warning that the impending supply shock could lead to price fluctuations ten times more severe than anything seen to date.  Their findings suggest that the effects of this supply shock will result in permanent wealth redistribution, fundamentally altering the landscape of digital assets.  Related Reading: On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge According to their conservative estimates, the Bitcoin price could reach $2.2 million per coin by 2036, a projection rooted in what they describe as “economic physics.” The researchers note that the current liquid supply of Bitcoin stands at only 11.2 million coins, with an estimated 4 million Bitcoin lost forever due to lost keys and Satoshi Nakamoto’s unspent stash.  Their analysis reveals that only half of BTC’s total supply is actively liquid, meaning that even modest institutional purchases could lead to significant supply shortages.  Evidence of this trend can be seen in the daily buying habits of US exchange-traded funds (ETFs), which have averaged 285 Bitcoin per day since their launch, and the actions of Bitcoin treasury companies that are removing thousands of coins from circulation through debt financing. Senator Cynthia Lummis has also proposed a strategic reserve of one million Bitcoin, which would involve an acquisition of approximately 550 coins per day over five years.  The researchers calculate that if 2,000 Bitcoin are removed from circulation daily, the price could reach $106,000—a figure that is already close to today’s trading price of $104,800, suggesting that their mathematical framework is holding true. The crux of the researchers’ findings is that traditional supply curves are not applicable to BTC. Its perfectly inelastic supply creates significant bottlenecks as demand rises, leading to dramatic price increases. They emphasize that institutions that delay their investments risk becoming permanently priced out of the market. Three Scenarios For Bitcoin Rudd and Porter outline three potential scenarios for Bitcoin’s future. In a conservative scenario, with a 20-fold increase in demand and continued institutional adoption leading to 2,000 daily Bitcoin withdrawals, prices could reach $2.2 million by 2036.  Their bullish scenario posits a 30-fold demand growth, where Bitcoin could hit $5 million by early 2031. The most extreme, hyperbolic scenario anticipates a 40-fold demand increase, with daily withdrawals escalating to 4,000 Bitcoin, potentially driving prices to $4.3 million by 2036 and valuing Bitcoin at six times the current market cap of gold. Related Reading: Ethereum Slows Down In June: Historical Data Says More Losses To Come The implications of Rudd and Porter’s research extend beyond mere speculation. It highlights a transformative period for BTC and the broader financial landscape, where strategic positioning and early adoption could mean the difference between thriving and merely surviving in the digital economy. Featured image from DALL-E, chart from TradingView.com 

Bitcoin is still trying to regain short-term bullish momentum, as shown by its price action in the past 24 hours. After briefly slipping below $104,500, the cryptocurrency bounced back to trade above $106,000, and technical analysis now shows a technical formation that could cause the start of a more extended rally.   Interestingly, as seen in the daily Ichimoku chart shared by analyst Titan of Crypto, Bitcoin is currently on the verge of confirming a golden cross, which is a bullish signal, within the coming days. Related Reading: Billionaire Snaps Up $100 Million Of Trump Coin – Details Ichimoku Cloud Builds Case For Bullish Breakout Taking to the social media platform X, crypto analyst Titan of Crypto highlighted the recent daily price close above the Tenkan line as a strong technical signal for Bitcoin. The Tenkan, also known as the conversion line, is an intriguing indicator for short-term trend strength in Ichimoku analysis. According to the analyst, the current setup on Bitcoin’s daily chart shows the conditions aligning for a golden cross where the shorter-term average overtakes the longer-term one, which is a potential long-term bullish shift. This crossover, if confirmed, would be one of the most reliable trend-reversal patterns in technical trading. Right now, Bitcoin’s price action is consolidating around $105,000. However, if this golden cross does play out well, Bitcoin could attempt another run toward the key resistance level around $111,600. However, current geopolitical instability, especially the rising tensions in the Middle East, could disrupt this technical picture at any moment and cause a reassessment of the bullish outlook. Image From X: Titan of Crypto Support And Whale Activity Clash With Bullish Setup Despite the bullish technical backdrop, other market signals are flashing warnings for Bitcoin. Notably, analyst Ali Martinez identified $104,124 as an important support level for Bitcoin. This price point is not just arbitrary, as it represents a heavy concentration of UTXO realized prices.  Many investors bought in at that level, and if Bitcoin falls below it, the next likely destination could be $97,405. The URPD chart confirms that the safety net between $104,000 and $97,000 is somewhat thin. This means that once $104,000 is breached to the downside, a swift and steep correction could follow due to the lack of strong buying interest in that gap. Image From X: Ali_charts Further complicating the picture is the behavior of large Bitcoin holders. On-chain data shows that some of the biggest whales, addresses holding over 1,000 BTC, have started reducing their holdings in recent days. This decline in whale wallet count initially began shortly after Bitcoin reached its new all-time high of $111,800 on May 22. The reduction in whale count resumed again after Bitcoin was rejected at the $110,000 region early last week.  Image From X: Ali_charts Related Reading: $57 Million In Crypto And Counting: Trump’s World Liberty Connection As such, whale addresses holding over 1,000 BTC have fallen from a recent peak of 2,114 to a recent reading of 2,094 addresses. At the time of writing, Bitcoin is trading at $105,505. Featured image from Unsplash, chart from TradingView

As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of nearly $112,000, crypto analyst Cyclop has shared intriguing forecasts regarding the cryptocurrency’s future performance.  Will Bitcoin Break Its All-Time Highs Again  In a post on social media platform X (formerly Twitter), Cyclop projected that Bitcoin’s next peak is expected between November and December 2025, with the bull market concluding around February to March 2026. Additionally, he anticipates an altcoin rally during the summer and fall of 2025. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Cyclop elaborated on the cyclical nature of cryptocurrency markets, noting that while many investors are excited, only a small percentage typically profit.  The analyst attributed this discrepancy to what he calls “crowd manipulation,” where the majority of investors often misinterpret market signals, believing it’s either too late or too early to invest.  The Impact Of Halving Events To provide clarity on market cycles, Cyclop referenced historical data, highlighting previous Bitcoin cycle highs: $1,242 in November 2013, $19,891 in December 2017, and $69,000 in November 2021.  The analyst pointed out that in both the 2017 and 2021 bull markets, peaks occurred exactly 29 months before Bitcoin’s Halving events, a pattern that repeats with remarkable consistency. Moreover, he analyzed the duration and severity of bear markets, noting that the downturns in 2018 and 2022 lasted exactly 12 months, with retracements of 84% and 77%, respectively. These similarities suggest that while each cycle may exhibit minor variations, the overarching patterns remain largely unchanged. Related Reading: Crypto Analyst Predicts XRP Price Could Shoot To $12 Soon Cyclop also observed that Bitcoin has historically broken its all-time highs seven to eight months following halving events, a trend that continued in the latest cycle.  Despite numerous changes in the cryptocurrency landscape, such as increasing mass adoption and evolving macroeconomic conditions, the expected bull run for this cycle appears to be extending slightly longer than its predecessors, with the peak anticipated in late 2025. At the time of writing, BTC is trading at $108,600, marking a modest 3% decline from its all-time high of $111,800, which was reached last week. Year-to-date, the market’s leading cryptocurrency has gained 56%, trailing only XRP, which has gained 337% in the same period. Since Thursday’s peak, BTC retraced to the $106,700 mark, but it has since attempted to consolidate between $108,500 and $109,000, potentially moving toward new highs. However, the $110,000 level could act as a new resistance wall for the Bitcoin price, as many traders see an opportunity to short the asset, expecting further pullbacks that will allow them to liquidate late long positions. It remains to be seen how BTC’s price will perform in the coming days, as this new stage of price discovery could introduce volatility for market investors and perhaps allow altcoins to flourish. Featured image from DALL-E, chart from TradingView.com 

Bitcoin has had an interesting run so far in 2025, embarking on exciting upside rallies and enduring deep corrections in the space of a few months. The latest upward movement suggests the return of interest and confidence in the world’s largest cryptocurrency. After surpassing its previous all-time high price this week, the Bitcoin price has printed a new high of $111,814 — reached on Thursday, May 22. A fresh all-time-high price is often followed by a major correction, as investors are typically inclined to take profits.  However, recent on-chain revelation suggests this Bitcoin bull run might be here to stay — and maybe for a longer period than expected. Analyst Says Realized Profits Yet To Signal Market Top In a May 23 post on social media platform X, on-chain crypto analyst Darkfost revealed that the net realized profits by Bitcoin investors remain normal for a bull phase. The relevant indicator backing this assertion is the Net Realized Profit/Loss metric, which measures the net profit or loss (in USD) of all coins spent on the network over a specific timeframe.  Related Reading: Bitcoin Smashes Past $111K, But Are Traders About to Dump? This on-chain metric is calculated by finding the difference between the realized profit and realized loss of crypto investors. Positive values from the metric indicate that coins are being spent at a higher price than they were acquired, resulting in a net profit.  On the other hand, negative values indicate that coins are being spent at prices lower than they were bought, resulting in a net loss. Neutral values simply suggest that coins are being spent close to their acquisition price. According to on-chain data shared by Darkfost, realized profits are currently at a high level of about 104,000 BTC (a rough equivalent of $11 billion). The analyst, however, pointed out that while this figure is substantial, it still falls short of the 350,000 BTC threshold level (a level which has historically signaled potential tops and preceded major correctional movements of  Bitcoin). Darkfost inferred from the highlighted data that the net realized profit for a Bitcoin bull phase is currently at a normal level. The analyst noted the necessity of profit-taking in a bull market, implicitly preaching against fear amongst investors. Darkfost said about profit-taking: It’s what keeps investors engaged in the market and helps sustain the bullish momentum. Bitcoin Price At A Glance  As of this writing, Bitcoin is valued at around $108,360, reflecting a more than 2% decline in the past 24 hours. Related Reading: Bitcoin Ready For Second ‘Price Discovery Uptrend’ Following $109,000 Breakout – What’s Ahead For BTC? Featured image from iStock, chart from TradingView

As Bitcoin (BTC) inches closer to the coveted $100,000 mark, optimism in the broader cryptocurrency market is palpable. Following a recovery that saw Bitcoin rise to approximately $97,800 last week, it has since retraced to around $94,340, reflecting a slight 0.4% decrease over the last 24 hours, according to CoinGecko data.  This comes on the heels of a significant sell-off in April, when Bitcoin dipped to as low as $74,000. However, renewed hopes for a new all-time high are emerging among investors and analysts of the market. Bitcoin Bullishness Grows  The bullish sentiment surrounding Bitcoin has been further emphasized by crypto analyst Doctor Profit, who suggests that the cryptocurrency is on a strong upward trajectory. He confidently states that in a year, Bitcoin will likely not fall below the $100,000 threshold again. Last week, Doctor Profit noted that Bitcoin has surged over 25% since his entry point at $77,000. He highlighted a critical breakout above the “Hammer Line,” a key resistance level he had previously identified at around $85,000, asserting that this breakout would pave the way for further gains. Related Reading: Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated” One of the primary catalysts for this recent surge, according to the analyst, has been the aggressive accumulation of Bitcoin by US-listed exchange-traded funds (ETFs).  On Tuesday of the past week, these ETFs recorded nearly $1 billion in net inflows, marking one of the highest daily totals for the year. In just three trading days, a staggering $1.4 billion has been poured into Bitcoin ETFs, indicating a strong institutional appetite for the cryptocurrency during a period of market uncertainty. Adding to the bullish narrative, Bitcoin’s liquid supply is dwindling at an alarming rate. Recent days have seen a significant decline in exchange reserves, as large buyers withdraw coins from centralized platforms to store them in cold wallets.  Reports from OTC desks indicate thin supply levels, suggesting that major accumulation is taking place behind the scenes. Even established financial giants like Fidelity have issued warnings about an impending Bitcoin supply shock, further fueling investor interest. $100,000 Target Within Reach? Doctor Profit also highlighted a notable development not only for BTC, but for the broader digital asset industry as Binance recently disclosed that it has received inquiries from multiple governments worldwide regarding strategic reserves of Bitcoin.  This signals a growing recognition among sovereign entities of Bitcoin’s potential role as a strategic asset, akin to gold. As countries contemplate their own Bitcoin reserves, questions arise about the availability of Bitcoin in the market and the implications of a supply shock. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Looking ahead, the analyst remains optimistic about Bitcoin’s trajectory. Following its recent momentum and the breakout above the Hammer Line, the $100,000 target appears increasingly achievable.  Doctor Profit maintains that there is no change to his previous assessment and anticipates that the Federal Open Market Committee (FOMC) meeting this week will further influence market dynamics. He continues to express confidence that Bitcoin could not only reach $100,000 but also establish a new all-time high in the coming weeks. Featured image from DALL-E, chart from TradingView.com 

The North Carolina House has recently approved two significant bills that aim to transform the management of the state’s pension fund, allowing for a modernized investment strategy that includes cryptocurrencies like Bitcoin (BTC).  This legislative move comes in response to a $16 billion deficit in the pension system and a need for improved investment returns compared to other states. NC’s Investment Authority Could Allocate 5% Of Portfolio To Bitcoin House Bill 506 proposes the establishment of a five-member board, the North Carolina Investment Authority, which will oversee the state’s $127 billion investment portfolio. This board will be composed of the State Treasurer, who currently holds final authority over state investments, along with four other appointees.  The appointments will be made by key state leaders, including the Speaker of the House, the Senate President Pro Tem, and the governor. Each appointee must possess substantial expertise in investments and have a minimum of ten years of successful management experience in pensions, endowments, or similar fields. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key In conjunction with this restructuring, House Bill 92 allows the Investment Authority to allocate up to 5% of the state’s portfolio to cryptocurrency and Bitcoin investments. This provision is designed to limit investments to mutual fund equivalents of cryptocurrencies rather than direct purchases of specific currencies, ensuring a more cautious approach to this volatile market. Supporters of the legislation, including State Treasurer Brad Briner, believe that diversifying investments into cryptocurrencies represents a proactive strategy to enhance the fund’s performance.  Democrats Raise Concerns Over Crypto Risks Briner, a Republican elected in November, has expressed a desire to modernize the investment approach, contrasting with the more conservative strategies employed by his predecessor, Dale Folwell. “We need to spread the allocation around,” said Rep. Keith Kidwell (R-Beaufort), emphasizing the importance of diversification in investment strategies. The bills are seen as a step toward utilizing emerging market opportunities to benefit state employees and retirees. However, the measures have drawn criticism from some Democrats who caution against the inherent risks associated with cryptocurrency investments. Rep. Maria Cervania (D-Wake) expressed her reservations, stating, “I still have a lot of questions about this investment strategy and the level of commitment we’re making to it.”  Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Concerns about the volatility of cryptocurrencies have prompted calls for a more cautious approach to integrating them into the pension fund. The legislation has sparked varied reactions outside the General Assembly.  Governor Josh Stein has voiced his support for the bills, endorsing the expansion of the Treasurer’s authority over state investments. Conversely, representatives from the State Employees Association of North Carolina have expressed opposition, highlighting potential risks for state workers’ pensions. Following their passage in the House—with House Bill 506 receiving a vote of 110-3 and House Bill 92 passing 71-44—both bills now advance to the Senate for further consideration.  Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC), the leading cryptocurrency, is witnessing a notable resurgence, with its price nearing the $100,000 mark for the first time since February 2025.  This upward trend has been significantly supported by substantial inflows into Bitcoin exchange-traded funds (ETFs), reflecting growing investor confidence and interest once again in the cryptocurrency market. Bitcoin And Major Cryptos Bounce Back According to a recent report by Fortune, Bitcoin ETFs experienced their largest inflows since December, attracting more than $3 billion last week. The influx into these ETFs is often considered a barometer of market sentiment, indicating that investors are increasingly embracing Bitcoin as a viable asset class. The recent buying spree comes as Bitcoin has reversed its earlier downward trend, climbing from a low of $75,000 on April 7 to surpass $95,000 by April 28. Over the past week alone, Bitcoin has jumped approximately 8%, reaching a price of $95,500—levels not seen since February.  Related Reading: XRP To Hit $8, No Double Digits This Cycle — Warns Crypto Analyst Gadi Chait, head of investment at Xapo Bank, emphasized that this price movement is more than just a fluctuation; it signals a renewed willingness among investors to engage in the market.  Chait noted that a combination of robust institutional inflows through ETFs and strong bullish activity in options trading has paved the way for Bitcoin to potentially break the $100,000 threshold in the near future. The upswing in Bitcoin’s price is mirrored by a recovery in the broader cryptocurrency market. Other major cryptocurrencies have also posted gains in recent weeks, with Ethereum rising 11%, XRP increasing by 9%, and Solana up 8%.  This resurgence follows a turbulent period triggered by President Trump’s sweeping tariff policy announcement earlier this month, which initially led to a significant market downturn. Preferred Safe-Haven Asset Amid Equity Turmoil On April 2, the S&P 500 suffered a massive blow, wiping out $2.5 trillion in a single day as investors reacted to potential disruptions in supply chains and inflationary pressures. This uncertainty prompted many to flee from riskier assets, including cryptocurrencies, as they braced for the impact of the tariffs. However, the market began to stabilize after Trump authorized a 90-day pause on most tariffs, excluding those affecting China. This announcement led to a significant rebound in the S&P 500, marking its largest single-day increase since 2008, while Bitcoin rebounded by 9% on April 9.  Related Reading: Crypto Analyst Reveals XRP Price Crash In The Short-Term, Here’s The Target Since President Donald Trump’s tariff pause was announced, the S&P 500 has seen a modest increase of 1%, whereas Bitcoin has outperformed with a 14% gain. James Butterfill, head of research at CoinShares, noted a critical divergence in how investors are perceiving Bitcoin compared to traditional equities.  He explained that as equities face pressure from tariffs and declining corporate earnings, BTC is increasingly viewed as a safe-haven asset—detached from centralized entities such as governments or central banks. This shift in perception could be a pivotal factor driving Bitcoin’s recent performance. “While equities are weighed down by tariffs and declining corporate earnings prospects, Bitcoin remains unaffected and has actually benefited from investors seeking alternative safe-haven assets,” Butterfill stated. On Monday, BTC retraced toward $94,640, registering a 14% price surge in the monthly time frame.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin has entered an important zone in recent days, with the $94,500 price area standing out as an increasingly important battleground for its short-term trajectory. Although the leading cryptocurrency has made several attempts to clear this region during its latest rally, it has faced repeated rejections, highlighting the presence of strong resistance. Despite these setbacks, on-chain data indicates significant whale accumulation noted on crypto exchanges, hinting that the bullish undercurrent is still strong as Bitcoin looks to end April 2025 on a postive close. Heavy Resistance Cluster Between $94,125 And $99,150 According to crypto analyst Ali Martinez, who shared insights from on-chain analytics platform IntoTheBlock, Bitcoin is encountering heavy resistance between the $94,125 and $99,150 price range. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Notably, his post on social media platform X shows that approximately 2.61 million wallet addresses have accumulated about 1.76 million BTC within this zone, making it one of the densest supply barriers Bitcoin has faced in its current market cycle.  As shown in the chart below, about 1.26 million addresses hold close to 843,000 BTC between $94,125 and $96,582, while another 1.35 million addresses are clustered between $96,582 and $99,146, holding roughly 917,000 BTC. This concentration of holders creates a formidable wall that Bitcoin must breach decisively if it is to continue its upward march into the next month. A strong and decisive daily or weekly close above $96,600 could invalidate the overhead resistance here, placing the next target zone at $99,150. Ultimately, the buying momentum here would clear the path for the Bitcoin price to finally target $100,000 and beyond again. Conversely, repeated failures at this zone could cause a retest of lower support levels around $93,000 and $84,000, which also have significant volumes of 678,000 BTC and 759,150 BTC, respectively. Image From X: ali_charts Bitcoin’s Bullish Structure Still Intact Even as the $94,000 to $99,000 resistance zone poses a near-term challenge, technical patterns suggest that Bitcoin’s rally is just beginning. Another prominent crypto analyst, known as Titan of Crypto, reaffirmed that Bitcoin’s long-term price target of around $125,000 is still valid. This target is derived from a massive Inverse Head and Shoulders (H&S) pattern identified on the Bitcoin monthly candlestick chart. Image From X: Titan of Crypto The chart shows a clear breakout above the neckline of the Inverse H&S formation earlier this year when Bitcoin pushed to its current all-time high around $108,790. Since then, the price action has been followed by a retest that is holding firm above a support trendline on the monthly timeframe. Related Reading: XRP Nearing Explosive Breakout—$10 Target In Sight, Expert Says According to the analyst, this technical structure shows that Bitcoin is well-positioned to rebound and reach a new all-time high of $125,000 very soon. Of course, this timeline will also depend on whether the current support zone around $85,000 to $87,000 holds steady. At the time of writing, Bitcoin is trading at $94,147 Featured image from Unsplash, chart from TradingView

Bitcoin has spent the past seven days trying to hold near $85,000, with a trading range between $83,200 and $86,000. Buying momentum has turned positive in the past 24 hours, but an interesting technical analysis of the current price action points to a looming downside risk. Related Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show Crypto analyst Xanrox laid out a bearish case for Bitcoin in an analysis on the TradingView platform, arguing that the ongoing falling wedge pattern, often seen as a bullish indicator, may actually be a calculated trap set by whales. According to his analysis, Bitcoin could crash to $67,000 before another strong move upwards. Bitcoin’s Falling Wedge That Might Not Be Bullish After All Xanrox’s main argument centers on the widespread belief that falling wedges are bullish reversal patterns. Although this is often true when the wedge forms at the start of a trend, the current wedge is forming at the end of a broader trend, which is a different scenario altogether. The daily candlestick timeframe chart shows the Bitcoin price moving inside a clean wedge structure while trading well below the 20, 50, 100, and 200 daily moving averages. This setup, according to Xanrox, paints the picture of a clear downtrend rather than a setup for a reversal. The bearish outlook is not just about chart patterns; it’s also about market psychology and the mechanics of liquidity. Such a setup is likely being exploited by whales in institutions and banks with enough liquidity to influence price action.   These whales need retail buyers to create enough volume for them to offload or accumulate positions. By painting the illusion of a breakout, they can push retail participants into a false sense of opportunity, only to reverse the market and trigger stop losses across the board. This outlook plays into the growing notion that Bitcoin is increasingly becoming more of an asset among institutions, primarily due to the rise of Spot Bitcoin ETFs. Chart Image From TradingView: Xanrox 20% Price Move For Bitcoin This Week Xanrox predicted a 20% move for Bitcoin this week. A 20% move to the upside from the current $85,000 range would see Bitcoin trading back above $100,000 and somewhere around $102,000. However, this predicted 20% move isn’t an upside move but a downside move. Particularly, the analyst identified $67,000 as the level Bitcoin is most likely to test in the coming weeks.  The $67,000 price level is the primary target if the current wedge fails as expected, as it is the major support on the way down if $75,000 is broken.  Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Even if the predicted 20% downside move fails to materialize this new week, there is still the possibility of the move taking place in the coming weeks. The analyst suggests Bitcoin may attempt to retest the upper zone between $108,000 and $91,000 before heading lower. At the time of writing, Bitcoin was trading at $84,280. Featured image from Pexels, chart from TradingView

As Bitcoin (BTC), the leading cryptocurrency, reclaims the crucial $85,000 mark on Monday, top analysts are projecting heightened volatility in the market for the coming week.  Bitcoin Eyes Key Liquidity Zones Above $90,000 Crypto analyst CrypNuevo provided insights in a recent update on social media site X (formerly Twitter), emphasizing that despite the chaos surrounding tariffs and potential market manipulation, there are key data points and trends to monitor.  The analyst highlighted the importance of liquidity and price action in the days ahead, noting that liquidations are primarily concentrated in the upside range between $90,000 and $91,500—psychological levels for many traders. With Bitcoin gaining 7% on the weekly time frame, potential for a move to tackle these liquidity zones might be expected, further recovering from the cryptocurrency’s crash toward $74,000 experienced last week.  Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? CrypNuevo also mentioned that the current liquidation delta is relatively balanced, with approximately $15 billion in long positions at maximum liquidity. He suggested that a threshold of over $25 billion in liquidations would warrant closer attention.  The analyst’s ideal scenario for the coming week involves price compression between the daily and weekly 50-day exponential moving averages (EMA), as of now placed at approximately $86,000, which could lead to a significant expansion in price.  Rising Wedge Formation Analysts often look for patterns in market behavior, and CrypNuevo speculated that a third retest could occur, following the market’s tendency to move in threes.  The analyst alleges that this would further compress prices, potentially leading to a more aggressive breakout later on. He identified a key mid-range support line at $81,000, suggesting that while this scenario may be slightly less likely, it remains a possibility. Another prominent analyst, Ali Martinez, echoed these sentiments on social media, identifying the critical support level for Bitcoin at $82,024, where approximately 96,580 BTC were previously accumulated.  Related Reading: Cardano Could Drop To $0.54 If This Support Gives Out, Analyst Says This zone could be of key support for the cryptocurrency in case of CrypNuevo’s scenario of further retests taking place in the coming days for BTC’s price. However, Ali Martinez also pointed out on social media that BTC may be forming a rising wedge pattern, which could indicate a potential retest of the $79,000 support level. While Bitcoin (BTC) is currently trading at $85,000, it still remains over 21% below its all-time high of $109,000, which was reached in January of this year.  However, with the current market sentiment indicating a renewed sense of bullishness, this gap may close rapidly over the course of the month. Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) has fallen below the $78,000 mark on Sunday, trading at $77,840, reflecting a 6% decline as investors react to significant volatility in broader financial markets. This drop follows the worst decline in US equities since 2020, triggered by President Donald Trump’s announcement of restrictive global tariffs.  The flagship cryptocurrency, which traded above $80,000 for much of the year, is now down 28% from its all-time high (ATH) of $109,000 in January, which was also curiously boosted by Trump’s election victory last November. Trump’s Tariffs Trigger $247 Million In Bitcoin Liquidations Typically, Bitcoin trades in tandem with large tech stocks and is viewed by many traders as a leading indicator of market sentiment. Interestingly, last week, Bitcoin held steady between $82,000 and $83,000 even as stocks and gold tumbled.  However, CNBC attributes the recent announcement by President Donald Trump of tariffs to a shift in investor sentiment, causing a wave of sell-offs in the crypto market affecting the largest cryptocurrencies. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics The tariffs, which apply to all imports and include additional duties on major trading partners, have raised fears of a potential global trade war. This uncertainty has prompted investors to divest from riskier assets, including cryptocurrencies.  In the wake of these developments affecting the entire crypto ecosystem, the leading cryptocurrency experienced over $247 million in long liquidations in just 24 hours since Saturday, with Ethereum (ETH) facing $217 million in similar liquidations during the same time frame. Major Cryptos Plunge Amid Global Trade War Fears Over the weekend, as fears of further market carnage loomed, investors rushed to sell their cryptocurrency holdings. The anxiety surrounding Trump’s tariffs has not only affected Bitcoin but has also reverberated through the entire cryptocurrency ecosystem, with other coins Solana (SOL) experiencing declines of approximately 12%. The ramifications of the tariff announcement have been felt across global financial markets. In the wake of the news, the S&P Global Broad Market Index recorded a staggering loss of $7.46 trillion in market value, with the U.S. stock market alone shedding $5.87 trillion. The losses extend beyond American markets, as other major global markets saw a decline of $1.59 trillion. Related Reading: Ethereum, Solana And Cardano Trend After Crypto Crash – Here’s What You Should Know As Bitcoin continues to reflect broader market trends, it has now seen a 15% drop in 2025. Analysts suggest that absent any significant crypto-specific catalysts, Bitcoin will likely continue to move in tandem with equities, overshadowed by fears of a global recession.  These economic uncertainties present a challenging landscape for cryptocurrencies, which were initially expected to benefit from favorable regulatory developments this year. Featured image from DALL-E, chart from TradingView.com 

As Bitcoin (BTC), the market’s leading cryptocurrency, continues to trend lower, recent insights from industry experts highlight critical factors influencing BTC’s trajectory. According to Ki Young Ju, CEO of market intelligence firm CryptoQuant, the current Bitcoin bull cycle may be coming to an end. This assertion is grounded in the concept of Realized Cap, a metric that quantifies the actual capital entering the BTC market through on-chain activity. Insights From Ki Young Ju For context, the Realized Cap metric operates on a straightforward premise: when Bitcoin enters a wallet, it represents a purchase, and when it leaves, it signifies a sale.  By calculating the average cost basis for each wallet and multiplying it by the amount of BTC held, Ju derives the total Realized Cap. This metric reflects the total capital that has genuinely entered the BTC ecosystem, contrasting sharply with market capitalization, which is determined by the last traded price on exchanges. Related Reading: Solana Faces Defining Level At $120 – Will History Repeat? A common misconception, according to Ju, is that a small purchase, such as $10 worth of Bitcoin, only increases market capitalization by that same amount. In reality, prices are influenced by the balance of buy and sell orders on the order book.  Low sell pressure means that even modest buys can significantly elevate prices and, consequently, market cap. This phenomenon was notably exploited by MicroStrategy (MSTR), which issued convertible bonds to acquire Bitcoin, thereby inflating the paper value of its holdings far beyond the initial capital deployed. Key Price Levels For Bitcoin Currently, Bitcoin appears to be in a challenging position, dropping below the key $80,000 mark. When sell pressure is high, even substantial purchases fail to affect prices, as seen when Bitcoin traded near its all-time high of nearly $100,000. Despite massive trading volumes, the price remained stagnant. Ju points out that if Realized Cap is increasing but market cap is either flat or declining, it signals a bearish trend. This indicates that while capital is entering the market, it is not translating into price appreciation—a hallmark of a bear market.  Conversely, if market capitalization is rising while Realized Cap remains stable, it suggests that even minimal new investment is driving prices up, indicative of a bull market. Presently, data suggests that Bitcoin is experiencing the former scenario: capital is flowing in, but prices are not responding positively. Historically, significant market reversals require at least six months to manifest, making a short-term rally seem unlikely. Related Reading: Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1 Adding to the complexity, market expert Ali Martinez has identified key resistance levels that Bitcoin must overcome to regain upward momentum.  Notably, there is a major resistance cluster at $87,000, where the 50-day moving average, 200-day moving average, and a descending trendline from the all-time high converge. For Bitcoin to resume its upward trajectory, the expert asserts that BTC must break through critical resistance points at $85,470 and $92,950. Additionally, support at $80,450 remains vital; failure to hold this level could lead to further declines. As of now, the leading cryptocurrency trades at $78,379, recording a 6% decline on Sunday.  Featured image from DALL-E, chart from TradingView.com

Michael Saylor’s firm, Strategy (previously known as MicroStrategy), announced a new Bitcoin (BTC) buy on Monday, March 31st of a significant $1.9 billion in BTC.  This comes despite the market’s leading cryptocurrency’s recent challenges, having plummeted 25% from its all-time high in January of this year. Interestingly, this latest acquisition marks the largest in terms of tokens for Strategy in 2025.  Strategy Boosts Bitcoin Holdings To $43.4 Billion Since late October, Strategy has engaged in a series of nearly weekly purchases, bringing its total Bitcoin holdings to approximately $43.4 billion. Remarkably, this amount represents about 2.5% of the total 21 million Bitcoin that will ever be issued. According to a recent filing with the US Securities and Exchange Commission (SEC), Strategy acquired 22,048 Bitcoin at an average price of roughly $86,969 each between March 24 and March 30.  Related Reading: Ethereum Price Confirms Breakout From Ascending Triangle, Target Set At $7,800 This purchase is part of a larger trend for the company, which has actively sought to bolster its Bitcoin reserves. In the first quarter alone, Strategy spent approximately $7.79 billion on Bitcoin, with the next largest acquisition earlier this year totaling 20,356 Bitcoin, announced on February 24. To finance this latest purchase, Strategy utilized proceeds raised through its at-the-market sales program for common shares, as well as offerings of preferred shares.  This financing approach has proven successful, as the common shares of Strategy have surged nearly 2,200% since Saylor began investing the company’s cash into Bitcoin in 2020. During the same timeframe, Bitcoin itself has seen an increase of over 600%. Market Indicators Signal Potential BTC Recovery Bitcoin, on the other hand, is currently attempting to consolidate above the critical support level of $80,000 after experiencing a decline toward $76,000 for the first time since November 2024.  Despite this recent drop, indicators suggest potential for further price recovery in the near term. Recent research from analysis firm CryptoQuant highlights the significance of Binance’s spot trading volume in the cryptocurrency market.  Notably, in early 2025, when Binance’s volume surpassed that of all other exchanges combined, Bitcoin was experiencing a surge toward new all-time highs of $109,000.  The Binance vs. Other Exchanges BTC Spot Volume Delta indicator has turned positive again, indicating that Binance’s trading volume is consistently outpacing that of its competitors.  Related Reading: Ethereum To $20K? Investor Says Real-World Adoption Holds The Key The last time this trend was observed, BTC was trading around $42,000 before climbing to $73,000. Historically, periods of heightened Binance volume have been associated with bullish market sentiment, suggesting that traders may view Binance’s dominance as a positive signal for Bitcoin’s price trajectory. It is also worth noting that at the beginning of 2024, Binance’s volume was reported to be 19 times greater than Coinbase’s. Although this disparity has decreased to eight times, it still highlights Binance’s significant leadership in the market. According to CryptoQuant’s analysis, the ongoing strength of Binance as a trading platform will likely play a crucial role in shaping market dynamics as Bitcoin seeks to regain its footing above the $80,000 mark. Featured image from DALL-E, chart from TradingView.com 

GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes.  This move comes just a day after GameStop shares surged nearly 12% when the company revealed that its board had unanimously approved an update to its investment policy, designating Bitcoin as a treasury reserve asset. GameStop Planned Bitcoin Investment The planned investment in Bitcoin follows a recent trend of GameStop exploring cryptocurrency ventures. Reports surfaced about a month ago indicating that the company was considering investments in the digital currency space.  Related Reading: Dogecoin Price Prediction: Analyst says There Is 100% Chance Of A Bullish Rally, Here’s Why Speculation intensified on February 8 when GameStop CEO Ryan Cohen shared a social media post featuring a photo with Michael Saylor, the CEO of Strategy (MSTR), a company renowned for its substantial Bitcoin holdings, which exceed 447,000 BTC tokens. Saylor’s strategy of heavily investing in Bitcoin has proven fruitful, with MicroStrategy’s stock appreciating over 84% in the past year, largely in tandem with rising Bitcoin prices. However, Wall Street analysts remain cautious about GameStop’s ability to replicate this success.  Skepticism From Wall Street Experts “The company’s strategy, which has changed about six times in three years, is they’re going to buy cryptocurrency and be just like MicroStrategy,” noted Wedbush analyst Michael Pachter.  Pachter further expressed skepticism about the effectiveness of this approach, particularly given Strategy trades at roughly two times its Bitcoin holdings. Pachter added, “If GameStop were to buy all Bitcoin with their $4.6 billion in cash and trade at two times their Bitcoin holdings, the stock would drop five bucks.” Related Reading: Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend Weekly, But Things Could Turn Bad If This Happens Additionally, GameStop reported its fourth-quarter earnings results after the market closed on Tuesday, revealing $1.28 billion in net sales for the quarter—a 28% decline compared to the same period last year.  For the full fiscal year, the company posted an adjusted EBITDA of $36.1 million, a decrease from $64.7 million reported the previous year. Experts’ concerns may also be stemming from Bitcoin’s volatility, which saw a more than 25% retracement from its record high of $109,000 reached during the broader market rally in January.  This developed into a drop toward the $76,000 mark on March 11th, a level not seen since November 2024. However, the market’s leading crypto has recovered to around $87,477 at the time of writing, reflecting a 4.5% increase in the fourteen-day time frame. Featured image from DALL-E, chart from TradingView.com

In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market’s largest cryptocurrency, Bitcoin (BTC).  This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor. With $4.8 Billion In Cash, GameStop Eyes Bitcoin Expansion Following the announcement, GameStop’s stock surged more than 6% in extended trading, reflecting investor enthusiasm for the company’s new direction.  This news aligns with earlier reports from CNBC in February, which hinted at GameStop’s intentions to incorporate Bitcoin and other cryptocurrencies into its financial strategy. Related Reading: Tariff Easing Fuels Altcoin Rally: Solana, DOGE, And ADA Shine While Bitcoin Stalls As of February 1, GameStop reported holding nearly $4.8 billion in cash, and the company indicated that a portion of this cash, along with potential future debt and equity issuances, may be allocated to Bitcoin and US dollar-denominated stablecoins.  Notably, GameStop has not imposed a ceiling on the amount of Bitcoin it may purchase, suggesting a commitment to exploring the cryptocurrency market without restrictions. Ryan Cohen’s Vision This foray into cryptocurrencies is part of a broader strategy by GameStop’s CEO, Ryan Cohen, to revitalize the company’s struggling brick-and-mortar operations.  Under Cohen’s leadership, GameStop has focused on cost-cutting measures and operational streamlining to ensure long-term profitability. By adding Bitcoin to its balance sheet, GameStop aims to modernize its financial approach and appeal to a new generation of investors. However, the company has also acknowledged the risks associated with this venture. In a filing with the Securities and Exchange Commission (SEC), GameStop noted that Bitcoin is a highly volatile asset, subject to significant price fluctuations.  Related Reading: Ethereum Accumulation Is Almost Over – Breakout Above $2,200 Could Trigger Expansion Phase The firm cautioned that its Bitcoin strategy has yet to be tested and may ultimately prove unsuccessful, highlighting the inherent risks of investing in cryptocurrency. In conjunction with the cryptocurrency announcement, GameStop also reported positive financial results for its fourth quarter. The company posted a net income of $131.3 million, more than double the $63.1 million earned in the same period last year. This financial performance, coupled with the new Bitcoin strategy, has generated optimism among investors about GameStop’s future. At the time of writing, BTC is seeing a notable 7% price recovery on the weekly timeframe, leading to the retaking of the key $88,000 mark. This comes after weeks of heavy selling pressure that saw the leading crypto retreat to the $76,000 level for the first time since November 2024. Featured image from DALL-E, chart from TradingView.com 

Bitcoin (BTC) has experienced a notable surge, gaining 3% in the last 24 hours, climbing from $84,000 to $88,600, following reports that upcoming US tariffs on major trading partners will be less severe than initially anticipated.  However, altcoins like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have outperformed Bitcoin’s surge in the 24-hour time frame, being the top gainers in the ten largest cryptocurrencies list.  Bitcoin And Top Altcoins Experience Significant Gains Scheduled for announcement on April 2, President Donald Trump had previously indicated that he would impose both reciprocal and sector-specific tariffs on countries including Canada, China, and Mexico.  However, anonymous sources within the White House, as reported by Bloomberg and the Wall Street Journal, have suggested that the president may opt for a narrower approach, focusing solely on reciprocal tariffs.  According to the reports, this shift in strategy appears to signal a tempering of the administration’s approach to a “potential trade war”, which has historically led to increased volatility in both the cryptocurrency and equity markets. Related Reading: XRP Price Could Suffer April Flash Crash, Analyst Shows How Low It Could Go Dan Greer, CEO of Defi App, a decentralized finance platform, noted the correlation between Bitcoin’s recent price increase and the news of the tariff adjustments. “This surge in Bitcoin’s price coincides with reports that the Trump administration is considering narrowing the scope of tariffs set to take effect on April 2,” he stated. The positive sentiment surrounding Bitcoin has extended to the broader cryptocurrency market, with nearly all of the top 10 cryptocurrencies by market capitalization experiencing gains on Monday.  Ethereum rose by 4%, XRP by 2%, Solana, DOGE and Cardano led the pack with increases of 8%, 7.8% and 4.5% respectively. The stock market reflected this optimism, with both the Nasdaq and S&P 500 indices rising 2% over the past 24 hours. Expert Insights On BTC’s Recent Fluctuations Greer highlighted that this development has alleviated some market uncertainties, leading to increased investor confidence across both cryptocurrency and equity markets.  The crypto sector, which has faced mixed reactions since Trump took office, has been grappling with the implications of his fluctuating tariff policies. These policies have introduced a considerable degree of economic uncertainty, prompting many investors to retreat from riskier assets. Related Reading: Analyst Sets Dogecoin Next Target As Ascending Triangle Forms The anticipated tariffs—expected to raise the prices of foreign goods—could lead to inflation, further complicating the economic landscape. Bitcoin, which reached an all-time high of $109,000 in January, has seen a decline, dropping to $78,000 earlier this month amid fears that aggressive economic policies could trigger a recession. Colin Closser, investor relations manager at crypto wallet company Exodus, expressed his understanding of the crypto market’s reaction to Trump’s policies. “I expect markets to show emotion and volatility during times of change and stress in the United States, and you can see that volatility in Bitcoin this morning,” he remarked. Since the spike, Bitcoin has seen a bit of a pullback towards the $86,930 level, with the most notable support floor between $83,000 and $84,000. Featured image from DALL-E, chart from TradingView.com 

As Bitcoin (BTC) stabilizes above the critical $80,000 support level after a significant downturn of over 25% from its January peak, market analyst Doctor Profit has released a compelling report that raises a pivotal question: is the market witnessing the onset of a bear market, or is the bullish sentiment still intact? M2 Money Supply And Bitcoin Price Doctor Profit emphasizes the crucial role of liquidity in the current market landscape. While many celebrate the increase in the M2 Money Supply—a key economic indicator—there’s a vital need to understand the timing of its effects.  Historically, M2 has shown a strong correlation with Bitcoin’s price movements. Unlike stock markets, which typically react to M2 expansions after a lag of about six months, Bitcoin tends to respond more rapidly, though not instantaneously. According to the analyst, the “misconception” that money printing leads to immediate market upswings is addressed, as there are multiple factors at play, including macroeconomic conditions.  Related Reading: Analyst Says Dogecoin Could Skyrocket 16% Any Moment The Federal Open Market Committee (FOMC) decisions regarding interest rates are particularly influential. Although official data suggests inflation is declining, underlying realities, such as OPEC’s influence on oil prices, complicate the outlook. In the context of rising M2, Doctor Profit predicts that Bitcoin’s bullish trend could resume around May or June, but anticipates a period of sideways movement and potential short-term bearish pressure leading up to that point. He warns that many who are currently bullish may shift to a bearish stance as the market evolves. In the report, Doctor Profit highlights the significance of the weekly EMA50—a critical moving average he refers to as the “Golden Line”—which Bitcoin has respected in recent price action. After bouncing off this line at $76,000, the cryptocurrency reached the anticipated $87.4K, triggering several short positions. Long-Term Bullish Outlook With Short-Term Caution Looking ahead, Doctor Profit’s strategy involves targeting a potential drop to the $70,000 to $74,000 zone. This region is crucial; if Bitcoin merely wicks into it but then closes strongly above the Golden Line, he plans to take long positions.  Doctor Profit maintains a bullish long-term outlook, expecting a resumption of the bull run by mid-2024, with price targets ranging from $120,000 to $140,000. He remains cautious, holding significant cash reserves and expanding short positions in anticipation of market fluctuations. Related Reading: XRP Jumps 7% After Surge In Network Activity & Whale Buying Doctor Profit outlines two bearish scenarios that traders should consider: a manageable drop to the $70,000 to $74,000 range and the more severe “Black Swan” event that could push prices down to the $50,000 region. While he is confident in a bounce at the higher target, he advises preparedness for both scenarios. At the time of writing, BTC is hovering around $84,000, recording losses of 3.5% and 12% in the fourteen and thirty days time frame respectively.  Featured image from DALL-E, chart from TradingView.com 

In a recent interview with CNBC, Michael Saylor, co-founder of Strategy, reiterated his bullish outlook on Bitcoin (BTC), predicting the cryptocurrency could reach a staggering $200 trillion market cap.  Saylor Forecasts $10 Million Per Bitcoin Currently valued at about $2 trillion, Saylor believes Bitcoin’s trajectory will see it grow to $20 trillion and eventually hit the $200 trillion mark, translating to an approximate price of $10 million per BTC based on its capped supply of 21 million coins. Saylor attributes this potential growth to a global shift in capital investment, stating, “That capital is coming from overseas… from China, from Russia, from Europe, from Africa, from Asia, from the 20th century to the 21st century.”  Related Reading: Ethereum Price Breaks Out—10% Surge Sparks Bullish Momentum His forecast comes against the backdrop of President Donald Trump’s recent announcement regarding the creation of a Crypto Strategic Reserve, which would include BTC alongside Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), which ignited a heated debate within financial and crypto circles. While Saylor acknowledges the appeal of a Bitcoin-only reserve, he supports Trump’s broader strategy that encompasses multiple cryptocurrencies. He emphasized, “There’s no way to interpret this other than this is bullish for Bitcoin and is bullish for the entire US crypto industry.”  Although some conservatives, such as Coinbase CEO Brian Armstrong and Gemini co-founder Tyler Winklevoss, have advocated for more restrictive, Bitcoin-centric policies, Saylor noted that the president’s approach allows for a more inclusive economic policy. Saylor Dismisses Volatility Concerns  When asked about his involvement with the White House, Saylor confirmed he has been in discussions with various lawmakers, both Democratic and Republican, as well as members of the Cabinet and administration.  “For the last four and a half years, I’ve been talking about Bitcoin to anybody, anywhere in the world, every day,” Michael Saylor stated during his interview, highlighting his commitment to promoting the cryptocurrency. Saylor argues that establishing a strategic Bitcoin reserve could provide the United States with significant economic advantages, including the potential to alleviate the national debt.  Saylor posits, “If the United States takes a position in the emerging crypto economy, if it buys up 10, 20% of the Bitcoin network, we’re going to pay off the national debt. And so why wouldn’t that be in the interest of the United States?” Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? Addressing concerns about Bitcoin’s notorious volatility, Saylor pointed to its historical long-term gains, asserting, “I don’t think anybody’s ever lost money in the Bitcoin network holding for four years. Presumably, you want to buy Bitcoin, you want to hold it for 100 years.” The proposal for a US Crypto Reserve is still in its infancy, and Saylor indicated that its success will depend heavily on legislative decisions made in the coming months.  “There are a dozen people on it: the head of the Treasury, the SEC, the CFTC, Commerce, the Attorney General, the President… both the Republicans and the Democrats,” he noted, emphasizing the diverse range of opinions that will influence the outcome. At the time of writing, BTC has found support at around $83,869 after posting losses of 7% and 6% over the past 24 hours and seven days, respectively. Featured image from DALL-E, chart from TradingView.com 

On Wednesday, Bitcoin (BTC) prices plummeted to a four-month low, reaching as low as $81,000, as the anticipated “Trump bump” in the markets faded. This has prompted investors and traders to hedge against further decreases, with Bitcoin options indicating a notable interest in put options with a strike price of $70,000.  Bitcoin Plummets 20% Since Trump’s Inauguration According to data from Deribit, the largest crypto options exchange, this strike price represents the second-highest open interest among all contracts set to expire on February 28, with a total of $4.9 billion in open interest poised to expire by Friday. Related Reading: Solana (SOL) Sees Red—What’s Next for the Price? Since President Donald Trump’s inauguration in January, Bitcoin has experienced a substantial decline of roughly 20% from its record highs.  Market analysts attribute this downturn to a combination of factors, including Trump’s “aggressive geopolitical” stance and ongoing concerns about elevated inflation. Chris Newhouse, director of research at Cumberland Labs, noted, “Tariff policies are further dampening the outlook, and stubbornly high short-term inflation expectations add to the overall caution.”  Newhouse also highlighted that the Bybit Ethereum (ETH) hack has not only exerted downward pressure on Bitcoin’s price but has also negatively impacted overall market sentiment. Investors Pull Back Amid Declining Demand For ETFs The market has also witnessed a significant liquidation of bullish bets, with around $2 billion wiped out over the past three days, according to data from Coinglass.  Bitcoin perpetual futures—a popular method for offshore investors to leverage their positions—saw a sharp decline in long positions during this timeframe. Adding to the bearish sentiment, demand for Bitcoin exchange-traded funds (ETFs) has waned, with the group experiencing approximately $2.1 billion in outflows over the past six days.  This reflects a broader trend of investors pulling back, with more than $1 billion withdrawn from spot Bitcoin ETFs on Tuesday alone, marking the largest outflow since these funds debuted in January of the previous year. The Fidelity Bitcoin Fund (FBTC) and BlackRock iShares Bitcoin Trust ETF (IBIT) were among the hardest hit. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Bohan Jiang, head of over-the-counter options trading at Abra, commented, “This is a mix of spot selling and basis unwind. In my view, nearly all of this is from ETF spot outflows from directional traders.” Ethereum has also felt the impact of the Bybit incident, amplifying its volatility, while Solana (SOL) has surrendered gains achieved in recent months amid declining interest in memecoins. The market’s search for a new catalyst to reverse its bearish sentiment has led many investors to remain on the sidelines, rotating out of cryptocurrencies in a risk-off environment.  Ravi Doshi, co-head of markets at crypto prime broker FalconX, stated, “The crypto market is still in search of a new catalyst to reverse bearish sentiment.” Currently, BTC is attempting to find support at $84,578, but has fallen another 4.5% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin (BTC), the market’s leading cryptocurrency, has officially entered a new downtrend phase following a period of consolidation around the mid-$90,000 levels.  After reaching an all-time high of $109,000 in January, Bitcoin has now seen a significant drop of 7%, bringing its current price to approximately $87,400. This decline raises concerns about the sustainability of the broader bull market as investor sentiment shifts towards fear. Could A Drop Below $80,000 Be Imminent? Market expert Jesse Olson recently took to social media platform X (formerly Twitter) to question whether Bitcoin is nearing a local top or possibly “the” top for this market cycle.  Olson referenced historical data suggesting that previous pivot points for Bitcoin often signal significant downturns. He highlighted two notable instances: In April/May 2021, the Bitcoin price experienced a pivot point about 20% below its local top, leading to a price drop of 56%. In November 2021, the pivot was around 15% from “the” top, resulting in a staggering 77% decline. Currently, the price sits approximately 15% below the recent peak, and Olson notes a pending sell signal on BTC’s 3-day chart, indicating potential further downside. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation The expert also mentioned that while Bitcoin has hit Target 2 of 4 in his analysis, several indicators suggest the price could drop below $80,000, with higher time frames beginning to show bearish signals. Arthur Hayes Warns Of Bitcoin Downturn Adding to the bearish sentiment, market expert Arthur Hayes expressed concerns in a recent post on X, warning of a potential extension of Bitcoin’s downturn.  Hayes highlighted that many holders of BlackRock’s Bitcoin exchange-traded fund (ETF), IBIT, are hedge funds that have gone long on the ETF while simultaneously shorting Chicago Mercantile Exchange (CME) futures to earn a yield greater than short-term US treasuries. Should Bitcoin’s price continue to fall, Hayes suggests that these funds may unwind their positions, selling IBIT and buying back CME futures. This profit-taking strategy could lead to further declines in Bitcoin’s price, potentially pushing it down toward the $70,000 mark. Related Reading: Dogecoin Activity Levels Crash To 4-Month Lows, Does This Spell Doom For The Meme Coin? Despite the prevailing bearish outlook, analyst Doctor Profit presents a more optimistic perspective. He emphasizes that the production cost of Bitcoin is currently at $95,000, meaning the market price is below this critical threshold. Historically, prices trading below production costs have signaled prime buying opportunities for investors. Doctor Profit argues that this situation creates a compelling case for potential investors, as the market often sees price rebounds when production costs are higher than market prices.  Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) and other cryptocurrencies are experiencing renewed selling pressure as escalating trade tensions between the United States and China lead to fresh tariffs on both sides. The largest cryptocurrency dropped to as low as $91,000 on Monday, while major altcoins like Ethereum (ETH) and Solana (SOL) also faced losses. CME Bitcoin Futures Open Interest Drops 4% The most recent installment of tariffs comes after the US enacted a 10% tax on all items from China, leading China to respond with its own tariffs on certain US imports, such as oil and liquefied natural gas, starting February 10.  In another development, China has launched an inquiry into Google LLC over supposed antitrust infringements, intensifying the tension between the two economic giants. Related Reading: Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run This market turbulence has wiped out the benefits from a short relief rally on Monday, which occurred after the Trump administration decided to postpone tariffs on Mexico and Canada for a month. The weekend’s initial declaration of US tariffs had already triggered a steep drop in cryptocurrency prices. Investor trust in riskier assets has been notably affected, as US investors pulled a net $235 million from a set of 12 Bitcoin-centric exchange-traded funds (ETFs) on Monday. Moreover, open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) Group Inc.’s derivatives market decreased by 4%, reflecting a more cautious attitude among institutional investors. President Donald Trump, recognized for his pro-crypto position, has unintentionally brought more uncertainty to digital asset markets.  Although cryptocurrencies experienced a rise following Trump’s election, the market now faces a difficult landscape marked by geopolitical strife and regulatory obstacles. Historical Trends Suggest Potential For Deeper Corrections As of this writing, Bitcoin was trading at $98,970, about 13% shy of its all-time high. Meanwhile, US ETFs investing in Ethereum witnessed record trading volumes on Monday, with significant liquidation of leveraged positions rattled by ongoing trade uncertainties.  The iShares Ethereum Trust, led by BlackRock, accounted for nearly half of the $1.5 billion in trading volume among a group of nine ETFs. ETH plummeted by as much as 27% on Monday, leading to over $600 million in liquidations within perpetual futures markets, according to Bloomberg data. Related Reading: TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Analyzing current price trends, crypto analyst Ali Martinez identified $92,180 as a critical support level for Bitcoin, based on MVRV (Market Value to Realized Value) pricing bands.  If this support level fails, the next target could be $74,400. Despite the recent price correction, Bitcoin traders are still enjoying a profit margin of 3.36%.  Historically, local bottoms have formed when profit margins drop below -12%, suggesting that Bitcoin could have further downside potential before reaching a true bottom. Additionally, the MVRV Momentum indicator has remained in negative territory since the beginning of the year, signaling ongoing market weakness.  Featured image from DALL-E, chart from TradingView.com

MicroStrategy, the enterprise software company based in Tysons Corner, Virginia, has made headlines once again on Monday by purchasing Bitcoin (BTC) for the twelfth consecutive week.  This latest acquisition saw the company spend approximately $1.1 billion on the market’s leading cryptocurrency from January 21 to January 26, as disclosed in a recent filing with the US Securities and Exchange Commission (SEC).  With these purchases, MicroStrategy now holds around 471,107 BTC, valued at roughly $30.4 billion, representing over 2% of the total Bitcoin supply that will ever exist. MicroStrategy Aims To Boost Bitcoin Holdings Beyond 500,000 To further finance its Bitcoin acquisition strategy, MicroStrategy has announced plans to sell $250 million in perpetual preferred stock, offering an attractive 8% fixed coupon.  This stock will have a conversion price of $1,000, although details remain limited as the information is not yet public. The venture aims to bolster the company’s already substantial Bitcoin holdings, which are nearing the 500,000 BTC milestone. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert MicroStrategy has employed various fundraising strategies, including at-the-market stock sales and convertible debt offerings, with a goal of raising $42 billion in capital through 2027. The company’s stock has also shown remarkable growth, surging approximately 600% over the past year, although it experienced a slight decline of about 1.4% to $348.65 in early trading on Monday. Meanwhile, Bitcoin’s price fell around 2.5% to $101,500. Authorized Shares To Support Future Capital Raises MicroStrategy also announced recently that it would redeem over $1 billion of its 0% Convertible Senior Notes due in 2027 earlier than anticipated, with a planned redemption date of February 24.  This move is intended to streamline the company’s financial obligations and provide greater flexibility for future capital raises. Benchmark analyst Mark Palmer noted that this strategy would allow investors to focus on the company’s operations rather than potential financial impediments. Redeeming these notes could also pave the way for MicroStrategy to issue new convertible debt with longer maturities, enhancing its capital-raising options.  The company plans to offer approximately 2.5 million shares of Series A perpetual strike preferred stock, which will be senior to its Class A common stock and provide regular quarterly dividends starting March 31. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? Moreover, MicroStrategy has the green light from shareholders to significantly increase its authorized shares—from 330 million to 10.3 billion for Class A common stock—enabling it to pursue further equity offerings.  This decision aligns with the company’s ongoing efforts to maintain liquidity and support its ambitious Bitcoin acquisition strategy without needing to liquidate its holdings. Saylor emphasized the company’s liquidity position, asserting, “We’ve had and expect to continue to have ample access to liquidity through our capital markets activities and cash flows from operations.”  The firm’s co-founder further reassured investors that the company has no intention of selling its Bitcoin to meet interest obligations, reinforcing MicroStrategy’s commitment to its cryptocurrency strategy. Featured image from DALL-E, chart from TradingView.com

As January draws to a close, the cryptocurrency market has experienced a significant downturn, with Bitcoin (BTC) and other digital assets suffering losses attributed to a broader sell-off in the technology sector.  Bitcoin’s price fell 3% to $101,400, with earlier lows reaching $97,750. The CoinDesk 20 index, which tracks a weighted average of various cryptocurrencies, recorded a 7% decline, reflecting the overall market’s cooling after reaching record highs earlier this month. Nasdaq Drops Over 3% As DeepSeek’s AI Advances Raise Concerns The tech-heavy Nasdaq composite index also faced a downturn, dropping over 3%, influenced by concerns stemming from a Chinese startup, DeepSeek.  The company recently announced the development of a competitive artificial intelligence model at a fraction of the cost of existing solutions, raising alarms about potential shifts in US dominance in artificial intelligence (AI) technology.  Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead This news has sparked fears regarding Big Tech’s spending on artificial intelligence models and data centers, further exacerbating the sell-off in tech stocks in the United States market. In premarket trading, shares of major cryptocurrency exchanges like Coinbase and MicroStrategy fell about 2% each. Bitcoin mining companies took even larger hits; Core Scientific saw its shares plummet by 21%, while Terawulf and Iren (formerly Iris Energy) lost 16%.  The correlation between the cryptocurrency market and the tech sector remains strong, as noted by Standard Chartered analyst Geoff Kendrick, who pointed out that Bitcoin is currently more closely aligned with movements in the Nasdaq than with traditional safe-haven assets like gold. Long Liquidations Hit Bitcoin Traders The market’s volatility was further driven by significant liquidations among traders who had bet against a downturn. Over the past 24 hours, more than $250 million in long liquidations occurred, forcing leveraged traders to sell their Bitcoin holdings to cover losses.  This wave of selling coincided with a mixed market reaction to President Donald Trump’s recent executive order on cryptocurrency, which had generated anticipation in the lead-up to its release but failed to meet all investor expectations. Many traders expressed disappointment that the executive order did not establish a dedicated stockpile of Bitcoin, a term that implies a more passive approach to holding assets, rather than an active strategy of regular purchases.  Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Kendrick emphasized that the current market dynamics position digital assets to be particularly vulnerable to sharp sell-offs, regardless of whether the driving force originates from within the crypto space or external markets like tech.  With the uncertainty surrounding the executive order now resolved, the market has shifted its focus to the upcoming Federal Reserve meeting, set to conclude on Wednesday. Market strategist Joel Kruger of LMAX noted that investors are nervously anticipating the Fed’ stance, hoping for a more accommodative approach while fearing that the central bank may not adopt the dovish tone the markets desire.  Despite the recent price declines, Kruger reassured investors that the overall trend in Bitcoin remains positive, stating, “When we look at the Bitcoin chart, there is nothing bearish about the price action.” Featured image from DALL-E, chart from TradingView.com

The Bitcoin (BTC) price has recently entered a consolidation phase following significant upward movements, as the cryptocurrency market experiences heightened volatility at the start of the year.  Currently, the market’s leading cryptocurrency is hovering above the critical $100,000 milestone, with analysts suggesting that further price increases could be on the horizon. Analyst Warns Of ‘Overly Bullish Sentiment’ In a detailed analysis by a market expert known on social media as Daily Crypto Trading, the Elliott Wave Theory is being employed to predict Bitcoin’s next moves.  According to this analysis, the market could be witnessing a flat corrective wave, with a target in the range of $90,000. The analysis confirms that the recent flat ABC structure held firm at the 89-90k levels, indicating that wave 4 has completed.  Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout The analysis highlights that while the sentiment surrounding Bitcoin’s future is “overwhelmingly bullish,” this can often serve as a cautionary sign.  As Daily Crypto Trading notes, “Even though wave 4 is done, the sentiment is overly bullish, which is normally a red flag.” Investors are encouraged to approach the situation with caution, acknowledging that while the analysis is rooted in probability, it does not guarantee outcomes. The macroeconomic landscape is also crucial for understanding Bitcoin’s trajectory. Daily Crypto Trading has previously discussed the potential impact of an impending recession, suggesting that macroeconomic factors must be considered before diving into technical analysis.  What A $130,000 Price Breach Means For Bitcoin? The Elliott Wave Theory, which has been notably accurate in previous predictions, is a key component of this analysis. It posits that markets move in predictable waves, and currently, the focus is on the final sub-wave of wave 4.  The expert anticipates that if Bitcoin surpasses the critical level of $109,000, it will confirm the onset of impulsive wave 5, suggesting a bullish continuation. Should Bitcoin achieve a strong wave 5, projections indicate a potential price increase of 40-50% from the current levels, with Fibonacci extension levels suggesting targets of $113,000, $117,000, and even $121,000.  However, there is a caveat: the wave could be truncated, leading to a double top formation and subsequent corrections, or it may fail to reach a new all-time high (ATH). Thus, surpassing the $109,000 mark is deemed a critical milestone for increasing the likelihood of a blow-off top reaching $120,000. Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Conversely, if Bitcoin were to dip back to the $90,000 area, it would indicate the formation of a regular zigzag pattern, implying that wave 4 may not be complete.  As a contingency, an invalidation point has been established at $130,000; a breach of this level could suggest an unforeseen bullish breakout toward a target of $170,000. Currently, BTC is trading at $104,300, recording losses of 1.4% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com

As Bitcoin (BTC) consolidates above the significant $100,000 milestone, previously a challenging resistance level to breach, market analysts are closely monitoring its potential for further price increases and the possibility of new all-time highs (ATHs).  A critical threshold of $109,000 looms in the near future for the market’s leading cryptocurrency, but the clock may be ticking as experts warn of an impending bear market that could emerge within just three months. Analyst Warns Of Imminent Bear Market For Bitcoin Market expert and technical analyst Ali Martinez raised concerns in a recent social media post on X (formerly Twitter), based on historical patterns observed following Bitcoin’s Halving events.  Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype The analyst suggests that Bitcoin and the broader cryptocurrency market could enter a bear cycle approximately 90 days from now. This prediction is grounded in the cyclical nature of Bitcoin’s price movements, particularly during Halving years, which historically have been followed by significant corrections. As further seen in the chart above, Martinez points out that examining the total days of each BTC Halving cycle reveals a striking resemblance to the previous cycle between 2012 and 2016, which lasted 367 days before entering a bear market.  As of now, Bitcoin and the broader cryptocurrency market is at 276 days into this cycle, suggesting that a downturn may be closer than some investors anticipate. Will Prices Reach $200,000 Before The Drop? Further analysis from Martinez incorporates the Wyckoff Method, a technical analysis framework that identifies market cycles.  According to this method, Bitcoin may be approaching its final leg up before entering the Distribution Phase, a period of consolidation before a price decline.  In this phase, Ali Martinez predicts that the BTC price could trade between $140,000 and $200,000 before experiencing a significant drop back toward the $100,000 level. Related Reading: Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation But despite these cautionary forecasts, Martinez also notes that there remains potential for growth in the short term. He draws comparisons to the 2015-2018 cycle, asserting that Bitcoin’s price action at this juncture shares striking similarities with that period, which eventually led to parabolic price increases. Additionally, the Mayer Multiple, a metric that gauges Bitcoin’s overbought conditions, is currently being scrutinized. Historically, the Mayer Multiple has indicated market tops when Bitcoin trades above the 2.4 oscillator.  Presently, this level sits near $182,000, suggesting that Bitcoin still has room for growth before reaching a potential market peak this cycle. At the time of writing, the largest cryptocurrency by market cap is trading at $102,900, down over 1.5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) experienced significant volatility on Tuesday, dropping 4.8% to $97,000 once again after briefly surging above $100,000 to start the week. Major crypto stocks, including Coinbase and MicroStrategy, also saw sharp declines, falling more than 7% and 9%, respectively. Bitcoin mining companies such as Mara Holdings and Core Scientific were not spared either, each dropping around 5%. Bitcoin Prices Drop Amid Rising Treasury Yields And Economic Concerns According to recent reports, the downturn in Bitcoin’s price coincided with a sudden spike in the 10-year US Treasury yield. This increase followed data from the Institute for Supply Management (ISM), which indicated faster-than-expected growth in the US services sector for December.  This news has raised concerns about persistent inflation, which tends to pressure growth-oriented risk assets like cryptocurrencies. Historically, rising Treasury yields have had an inverse relationship with risk assets such as Bitcoin.  Related Reading: Anticipating A ‘2025 Super Cycle’: Bitcoin Rallies With Trump’s Regulatory Reforms On The Horizon On Monday, Bitcoin had traded above $102,000 and is widely anticipated to double this year, contingent on clearer regulations that could bolster digital asset prices. However, uncertainty surrounding the Federal Reserve’s (Fed) interest rate cuts poses potential challenges for Bitcoin’s price trajectory.  In December, the Fed indicated that while it was cutting rates for a third time, the pace of future cuts might be slower than investors had hoped. Rate cuts typically support Bitcoin prices, whereas hikes tend to exert downward pressure. Analysts further attribute the recent dip not only to rising yields but also to increasing correlations between Bitcoin and traditional equities, particularly the Nasdaq.  Bob Wallden, head of trading at digital-assets firm Abra, noted that the ISM data triggered a selloff in equities that spilled over into the crypto market.  Wallden suggests that this decline was compounded by profit-taking and stop-loss triggers for traders who had gone long on Bitcoin above the $100,000 mark. Adding to the market’s volatility are renewed headlines surrounding President-elect Donald Trump’s shifting stance on tariff discussions, which have further fueled cautious sentiment in the Bitcoin market.  Investors Cash In As 2024 Highs Fade Bitcoin’s record-breaking rally in 2024 began to lose momentum in late December, as investors capitalized on their profits. Optimism surrounding a pro-crypto administration under Trump had previously driven Bitcoin to an all-time high of $108,000 in December.  However, Bloomberg reports that the cryptocurrency’s prospects for 2025 will depend largely on whether Trump follows through on his pledges regarding cryptocurrency, including the establishment of a national Bitcoin stockpile. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 Despite the optimism, skepticism remains. A recent MLIV Pulse survey revealed that 39% of respondents believe Bitcoin, once a winning investment of 2024, is most likely to become a losing investment in 2025, the highest percentage among various assets surveyed. Against this backdrop, market analysts like Ali Martinez have noted potential support for Bitcoin at around $97,000, with the TD Sequential indicator signaling a buy opportunity on the hourly chart.  If this support level holds, there may be a rebound. However, Martinez asserts that a break below the $97,000 price level could signal a potential dip all the way down to the $92,000 support. Featured image from DALL-E, chart from TradingView.com

As Bitcoin (BTC) navigates a turbulent period marked by increased volatility and a significant correction in cryptocurrency prices, market analyst Lark Davis has shed light on a potentially promising trend.  In a recent post on social media platform X (formerly Twitter), Davis drew parallels between Bitcoin’s current price movements and those observed during the last presidential election cycle, suggesting a potential restoration of confidence in the leading cryptocurrency. Bitcoin Mirrors 2021 Election Cycle Davis highlighted that Bitcoin appears to be mirroring its price action from the previous presidential election and inauguration in 2021.  Related Reading: Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies The expert presented a chart illustrating three distinct phases that Bitcoin underwent during that time, which may be relevant again as the market approaches the upcoming inauguration of President-elect Donald Trump on January 20. The first phase, which Bitcoin already experienced in November and December 2024, saw a notable rally towards new highs culminating in a peak price of $108,000 on December 17.  Following this initial surge, Bitcoin entered the second phase characterized by what Davis refers to as a “pre-inauguration dump.” Historically, this period has been marked by market corrections as investors react to uncertainties surrounding political transitions.  Currently, Bitcoin seems to be navigating through this phase, with observers closely monitoring its price movements as the inauguration date approaches. Davis anticipates a potential “post-inauguration pump,” reminiscent of the price surge that propelled Bitcoin to an all-time high of $69,000 in 2021. With only days remaining until the inauguration, the market is keenly observing whether this historical pattern will repeat itself in 2025. Market Anticipates Trump’s Inauguration The sentiment around Bitcoin’s future is further buoyed by Trump’s promises to reshape the regulatory environment for cryptocurrencies.  Unlike Biden, whose administration has taken a more cautious approach, Trump has signaled a desire to foster growth within the digital asset space, including plans to establish a Bitcoin stockpile aimed at addressing the national debt, which exceeds $36 trillion. While Lark Davis cautions that history may not repeat itself, he notes that it often “rhymes.” The prospect of increased support for Bitcoin from the incoming administration could serve as a catalyst, propelling the cryptocurrency toward new price highs and entering a phase of price discovery. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ In addition to Davis’s insights, fellow crypto analyst Doctor Profit has also weighed in on Bitcoin’s recent performance. He has expressed optimism about the cryptocurrency’s trajectory, indicating that it is aligning with his previous expectations.  Profit emphasizes the importance of maintaining a daily close above the $95,900 mark, with a breakout above $97,500 necessary for Bitcoin to continue its upward momentum toward the coveted $100,000 threshold. At the time of writing, BTC trades at $97,000, recording gains of 3% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingVew.com

As the cryptocurrency market grapples with a broader decline, altcoins have faced significant challenges, with Ethereum (ETH) leading the way with losses nearing 20%.  This drop comes after Ethereum’s repeated failures to break through the crucial resistance level of $4,000, a barrier that has proven formidable in recent months also preventing the cryptocurrency to reach new record levels as Bitcoin (BTC) did to close 2024. Mid-Cycle Correction For Altcoins: A Path To Recovery? Market expert Ash Crypto has recently offered insights in a social media post on X (formerly Twitter), into the current state of altcoins, suggesting that they are undergoing a “mid-cycle correction.”  According to Ash Crypto, this phase is a natural part of the bull market cycle and may set the stage for a recovery of previously lost value and potentially even higher gains for these digital assets.  Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ In his social media post, the expert highlighted historical precedents, noting that similar price actions were seen in January 2021, just before the onset of an altcoin season that captivated investors. Despite recent fluctuations, Ethereum and other altcoins have shown slight signs of recovery, with ETH managing to surge above $3,200, rebounding from its nearest support level of $3,100.  This recent uptick prevented further losses and sparked hope among traders. However, Ash Crypto cautions that another dip may be on the horizon before a more sustained recovery can take hold. Market Whales May Shake Out Retail Investors  In his analysis, Ash Crypto projected that altcoins could experience one final market correction before entering what he believes will be a full bull mode later this year.  The expert referenced a chart he shared, depicting the total market capitalization of altcoins excluding Bitcoin and Ethereum, which showed potential consolidation between the $926 billion and $930 billion levels.  This consolidation phase could precede a move towards a bullish cycle peak, estimated to reach as high as $3.39 trillion. Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next Adding to the intrigue, Ash Crypto remarked that Bitcoin’s dominance appears to have topped out, suggesting that an altcoin season is imminent. However, he warns that before this potential surge, market whales may attempt to shake out retail investors by manipulating prices. At the time of writing, ETH is trading at $3,215, up over 3% in the 24-hour time frame. Other altcoins such as XRP, Solana (SOL) and Cardano (ADA) have also risen by 5%, 3% and 5.3% respectively in the same time frame.  Taking into account Ash Crypto’s analysis, it remains to be seen whether further consolidation or another correction will take place for altcoins before what could be the most notable gains for these digital assets in history.  Featured image from DALL-E, chart from TradingView.com