THE LATEST CRYPTO NEWS

After days of testing a resistance zone at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm a strong bullish momentum that has been building since early June. The breakout, which has seen Bitcoin reclaim $110,000 briefly in the past 24 hours, follows several failed attempts to close above this pivotal level.  Technical analysis of the Bitcoin price indicates that the breakout above $107,000 has given bulls back control. Particularly, technical analysis from crypto analyst Michaël van de Poppe suggests that Bitcoin’s price will accelerate for the rest of the week.  $106,500 Confirms Strength, Analyst Eye Accelerated Move Over the past few days, Bitcoin’s price structure has been forming a rounded base with higher lows, gradually coiling under a support turned resistance. Now that the breakout has occurred, bulls seem to be back in control. Related Reading: Why The Bitcoin Price Could See Another 70%-170% Jump From Here According to Michaël van de Poppe, a widely-followed crypto analyst on the social media platform X, the decisive moment came after Bitcoin cleared the $106,500 resistance, a level he previously mentioned he’s looking at. In his post, he noted that as long as Bitcoin maintains support above this zone, momentum will continue to shift in favor of buyers. Specifically, he pointed out that day traders are likely to pile in with new long positions, while short sellers are either closing their positions or getting squeezed out entirely. Both of these actions will continue to generate buying pressure, at least in the short term. This shift in market structure has already begun to play out. As the chart below shows, the previous resistance zone around $107,000, which was a strong support during the earlier ATH moves in May, has now flipped. This zone had repeatedly rejected price advances, acting as a price ceiling since May 30. Now, with the breakout confirmed and volume increasing, the analyst expects a swift rally toward $108,900 and beyond for the rest of the week. Bulls Prepare For New Bitcoin All-Time High The timing of this breakout also coincides with the start of the trading week, which Van de Poppe describes as a great start to the week and a continued upside for the remainder of the week. More often than not in this cycle, Bitcoin has exhibited sentiment surges early in the week that persisted throughout the week. If Bitcoin can consolidate above the $107,000 to $108,000 range without falling back into the previous structure, it could enter a new price zone as soon as the $111,000 barrier is breached. Related Reading: Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market With increasing interest due to ETF inflows, it could serve as the launchpad for Bitcoin’s next major leg up, carrying it toward new all-time highs before the end of June. At the time of writing, Bitcoin is trading at $109,455, having recently reached an intraday high of $110,237. The leading cryptocurrency is currently only about 2.5% away from setting a new all-time high. Featured image from Getty Images, chart from Tradingview.com

With the recent Ethereum price trend, a crypto analyst has pointed out that the altcoin could be looking to stage a similar rally to what was seen with Bitcoin back in 2021. Crypto analyst TradingShot pointed out the similarities in a recent analysis and showing where the price could go if it does play out the same way. Ethereum Looks Like Bitcoin Did In 2021 In the analysis posted on TradingView, crypto analyst TradingShot showed how this Ethereum cycle movement looked similar to Bitcoin’s 2021 cycle movement. The first of this was recovery from a major price crash that led to new cycle lows for the cryptocurrency, before staging a recovery that pushed it toward new highs. Related Reading: Is Altcoin Season Still Coming? Why Bitcoin Is To Blame Despite Making ATHs For Bitcoin, the crash happened when the COVID-19 lockdown was announced. Following this, the Bitcoin price had fallen more than 50% from above $9,000 to less than $4,000 in less than one month. However, after this, the Bitcoin price rebounded from the cycle lows, crossing the 1-week MA50, and then breaking the lower high trendline, and going on to reach new all-time highs. For Ethereum, the crypto analyst pointed to the price crash triggered by Donald Trump’s tariff wars as being similar to Bitcoin’s COVID crash. After Donald Trump announced tariffs on other countries, the Ethereum price also crashed by a large margin, going from above $2,400 to below $1,500 in less than a month. This has been dubbed the ‘Trade War Crash’, and the altcoin is still reeling from the decline. Currently, the Ethereum price is stuck at the point where it is still trying to break above the 1-week MA50, which is now the major level to beat to confirm this trend. Just like Bitcoin, it has also seen the formation of major resistance at the lower highs, and this sits right at the $4,200 level. This means the Ethereum price still has around a 50% rally to complete before it confirms a similar trend to Bitcoin. How High ETH Price Could Go If It Plays Out If Ethereum does reclaim the 1W 50MA and then breaks the lower highs at $4,200, confirming this trend, then the resulting rally could be exceptional. For example, after breaking the lower highs, the Bitcoin price went on to reach new all-time highs of $69,000 in 2021. This means that the price went from below $4,000 to $69,000 in the space of a year. Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric A similar rally would mean that the Ethereum price would rise above $10,000. Taking the same timelines into position, it would put ETH at this price sometime in 2026, a year from when the Trade Wars crash had occurred. A closer parabolic rally and an imitation of Bitcoin’s 1,700% rally would mean a price tag above $15,000 for the second-largest cryptocurrency in the space. Featured image from Dall.E, chart from TradingView.com

BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines by amassing a staggering $70 billion in total assets, achieving this milestone faster than any other exchange-traded fund (ETF) in history.  This remarkable feat occurred just 341 days after its launch, according to Bloomberg analyst Eric Balchunas, who noted that IBIT reached this figure five times quicker than the previous record holder, State Street’s GLD gold ETF, which took nearly 1,700 days. BlackRock’s IBIT Outshines Competitors As the most popular of the twelve Bitcoin ETFs currently available, IBIT stands out significantly in the market. Following closely behind are Fidelity’s FBTC and Grayscale’s GBTC, both of which have around $20 billion in assets.  Related Reading: Dogecoin Is Going To $1 With The ‘Next Impulse’, Analyst Predicts The launch of IBIT and ten other Bitcoin ETFs at the start of last year by the world’s largest asset managers marked a significant shift in the investment landscape, fueled by long-awaited regulatory approval from the Securities and Exchange Commission (SEC).  The debut of these funds highlighted a robust demand from investors eager to capitalize on Bitcoin’s price fluctuations. IBIT alone accumulated over $1 billion in assets within just four days of its market introduction. By November, IBIT had surpassed the total assets of BlackRock’s gold fund, solidifying its position as the largest among the 1,400 funds managed by the asset manager worldwide.  Bitcoin ETF Market Thrives The momentum didn’t stop there; in December, IBIT became the fastest exchange-traded fund to hit $50 billion in assets, achieving this milestone five times quicker than BlackRock’s iShares Core MSCI EAFE ETF, which took nearly four years to reach the same level. “IBIT’s growth is unprecedented,” remarked Bloomberg ETF expert James Seyffart in an interview with Fortune Magazine on Monday. “It’s the fastest ETF to reach most milestones, outpacing any other ETF across all asset classes.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric The surge in Bitcoin ETFs has coincided with significant increases in the cryptocurrency’s price. For instance, as Bitcoin reached an all-time high of $111,900 in late May, the cumulative net assets across all twelve Bitcoin ETFs surpassed $134 billion, reflecting the growing interest and investment in this digital asset class. Since reaching its record high, the market’s leading cryptocurrency has retraced, with the most important support line at $100,000 being tested on June 5. Nevertheless, Bitcoin has once again regained its bullish momentum, jumping past the $108,400 mark on Monday. With gains of 2% and 4% on the 24-hour and weekly time frames, respectively, the price of BTC is now only 2.7% below the record price level. This puts the cryptocurrency on the verge of a new price discovery phase after the normal pullback seen last week. Featured image from DALL-E, chart from TradingView.com 

The Bitcoin price is still holding above $100,000 despite suffering a crash right before the weekend. It has since bounced back from the $104,000 level, suggesting that bulls are making their stand at this major psychological level. Now, with the crypto market sitting at what looks to be a critical point, questions are arising about what the next step could be from here. Can Bitcoin still rally, or is this the end of a rather short and underwhelming bull market? Bitcoin Price Still Has A Long Way To Go Crypto analyst Doctor Profit has been a vocal voice when it comes to the bullishness of the Bitcoin price. He has continued to call for higher prices even at a time when the wider community is expecting the cryptocurrency to keep falling from here. In fact, the crypto analyst believes that the leading crypto could see its price double from here, despite already hitting multiple new all-time highs. Related Reading: Ethereum Head & Shoulders Pattern Breakdown: Can Bulls Reclaim Control? In a post on X, Doctor Profit explained the reasoning behind this and why he believes that the Bitcoin price still has room to run. The first thing he pointed to was the fact that a rare Golden Cross had appeared on the Bitcoin price chart. This happened three weeks ago, and back then, the analyst called out the chart formation, explaining that this meant that the bull run was not over. This is because every time Bitcoin had flashed a Golden Cross in the past, it had been the start of another massive run. Just like now, it is first followed by a 10% decline in price, which was achieved when Bitcoin fell from $111,900 to $100,000. Now that the first part of the trend seems to have been fulfilled, expectations are that the other parts will play out similarly. In addition to this, he explains that Bitcoin has also formed its diagonal resistance, which it is now looking to break out from. A successful break would put it back above $108,000 as it gears up for the next leg-up. Macro Factors That Support The Thesis Not only does the chart technicals show this possible recovery, but the upcoming Consumer Price Index (CPI) data, expected to be released on Wednesday, plays into this as well. Doctor Profit explains that Wall Street is already expecting the CPI to come in at 2.5%, a rather high number. Related Reading: Dogecoin’s Growth Pattern Hints At Massive June–July Rally After 5-Month Pullback Instead, he believes that the CPI will come in lower, putting it between 2.1% and 2.3%. A lower figure would mean that there is a slowdown in inflation, allowing room for more risk-taking and pushing markets such as stocks and crypto higher. Also, there is the matter of the negative funding rate, which suggests that there are more shorters in the market right now, expecting the price to tank. Data from Coinglass shows the Bitcoin funding rate has dropped to one of the lowest levels this year, and the analyst says this is a sign of a healthy market. “Overall, I see a strong trend and markets will continue to rise with first targets between 108-110k, and this is by far not the end,” Doctor Profit said. “The golden cross is promising us between 70-170% in gains in the coming months!” Featured image from Dall.E, chart from TradingView.com

The market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable spike on Monday, surging past the $108,000 mark after a period of consolidation between $100,000 and $106,000 for the past week.  This surge comes as key officials from the United States and China prepare for critical trade negotiations in London, aimed at addressing ongoing tensions and salvaging “a fragile trade agreement.” US-China Trade Talks Spark Investor Optimism The cryptocurrency gained 2% on Monday, briefly touching a peak of $108,900 before settling back slightly. This uptick reflects growing investor optimism regarding the potential resolution of trade disputes between the US and China, one of its largest trading partners.  Treasury Secretary Scott Bessent and China’s Vice Premier for Economic Policy, He Lifeng, are set to lead their respective delegations in discussions that began Monday and are expected to continue into Tuesday, as reported by Fortune. Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric These negotiations are part of President Donald Trump’s broader strategy to compel US trading partners to meet various demands, often through the threat of imposing significant tariffs on imports.  Following the announcement of a sweeping tariff policy in April, which impacted nearly all American trading partners, Trump authorized a 90-day pause for negotiations. However, this pause did not apply to tariffs on China, which were escalated to 145%. Trade Talks Resuming As Bitcoin Prices Rise The heightened tensions between the two nations had previously led to a significant drop in Bitcoin’s value, reaching a yearly low of $75,000 as fears of a trade war drove investors away from American markets.  However, optimism returned following a summit in Geneva last month, where Trump announced a temporary agreement that would lower tariffs and facilitate further discussions. In the wake of this news, Bitcoin surged to an all-time high of $111,800 on May 22. Yet, the truce was short-lived. Trump claimed that China had violated the agreement over a dispute regarding exports of rare earth magnets. On May 30, he expressed his frustrations on Truth Social, stating, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” In an urgent attempt to salvage the deteriorating trade deal, Trump and Chinese President Xi Jinping held a phone call last week, their first in months. Following this 90-minute conversation, it was announced that senior officials from both countries would meet in London this week to resume negotiations. In addition to trade-related factors, Bitcoin’s recent price surge may also be influenced by increased activity in the cryptocurrency initial public offering (IPO) market.  Wave Of Crypto IPO Activity Last week, the stablecoin giant Circle made its public debut on the New York Stock Exchange (NYSE), with its shares soaring by over 168%, jumping from an initial price of $31 to $69 on the first day of trading.  Additionally, Gemini, the cryptocurrency exchange founded by the Winklevoss twins, filed for an initial public offering, further demonstrating the crypto industry’s growing connection to traditional finance. Related Reading: Dogecoin Is Going To $1 With The ‘Next Impulse’, Analyst Predicts “While the IPO excitement may be short-lived, the long-term positioning of institutional investors suggests a bullish outlook for Bitcoin’s performance through 2025,” remarked David Siemer, CEO of Wave Digital Assets, in an interview with Fortune. When writing, BTC trades at $108,670, recording gains of 6% in the monthly time frame, little over 2.7% from its record high of $111,8000 reached in May.  Featured image from DALL-E, chart from TradingView.com 

Singapore-based trading firm QCP Capital opened its Monday note with a blunt assessment: “Implied vols continue to come under pressure, with BTC stuck in a tight range as summer approaches.” In the options house’s telling, the market is drifting into the northern-hemisphere holiday season much as it did a year ago, when one-month at-the-money (ATM) volatility collapsed from 80 vols in March to barely 40 vols by July and spot repeatedly “failed to decisively breach the $70k level.” The difference this year is the new, higher plateau: BTC has sat between $100,000 and $110,000 for most of the past three weeks. The calm is visible beyond Deribit’s options screens. Deribit’s DVOL index, which tracks 30-day implied volatility, is hovering just above 40—one of its lowest prints in more than two years. Realised volatility is even quieter, so even one-year lows on implieds still look “optically rich,” QCP argues. That valuation gap has encouraged traders to sell gamma: perpetual open interest has slipped and the favourite hedge-fund basis trade—long spot via the new ETFs, short futures—has unwound, taking what QCP calls “the natural bid for vol” out of the market. Related Reading: Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout Flows in the listed options market confirm the malaise. Dealers report that July upside strikes around $130,000 and $140,000 are being rolled out to September “in meaningful size,” effectively pushing bullish timelines further down the curve. Meanwhile, Deribit’s put-skew has flattened as short-dated hedges expire worthless—a dynamic that often precedes a directional move once macro catalysts arrive. This Week Could Break Bitcoin’s Lull Those catalysts line up uncomfortably close. On Wednesday the Bureau of Labor Statistics will publish May consumer-price data. April’s headline CPI rose a modest 0.2% month-on-month and 2.3% year-on-year, while core prices advanced 0.2% on the month and 2.8% on the year. Economists look for headline CPI to quicken to 0.3% on the month and 2.5% year-on-year, with core CPI seen edging up to 0.3% and 2.9% respectively. Producer prices follow on Thursday: April’s PPI fell 0.5% on the month yet still printed 2.4% year-on-year. The consensus expects May PPI to rebound 0.2%, leaving the annual rate near 2.4%. Inflation is not the only macro variable in play. Friday’s stronger-than-expected US non-farm payrolls report—139,000 jobs versus a 130,000 consensus—rekindled dollar strength and knocked gold more than one percent lower, but BTC “remained conspicuously unmoved,” QCP noted. The same divergence is visible this morning: US equity futures are slightly softer, spot gold is bid on safe-haven demand, and bitcoin is trading virtually unchanged. Geopolitics may supply the spark that inflation data has so far failed to ignite. Senior US and Chinese officials meet in London today (Monday) in what both sides are calling a push for a limited trade deal that would dial back export-control threats and myriad retaliatory tariffs. The talks matter for crypto because tariffs have been feeding directly into the CPI basket and—via global risk sentiment—into bitcoin demand. “A clean break below $100k or above $110k would likely reawaken broader market interest,” QCP wrote, “but we currently see no obvious near-term catalyst to drive such a move.” Trade headlines could change that calculus in a single newsflash. Related Reading: Crypto Analyst Says This Bitcoin Top Signal Hasn’t Gone Off Yet — What To Know Institutional positioning likewise hints at fatigue. US regulatory filings show that large hedge funds trimmed spot-ETF holdings in the first quarter as the lucrative cash-and-carry spread compressed. Net inflows across the 11 US bitcoin ETFs have slowed to a trickle since late May, leaving cumulative additions at roughly $44 billion—unchanged for almost a fortnight, according to Farside data. For now, the market’s centre of gravity is exactly where QCP says it is: inside the $100,000–$110,000 corridor. Volatility sellers continue to collect premium, and the risk-reward for momentum traders remains poor. Yet with CPI, PPI and high-stakes trade negotiations all landing inside a 72-hour window, the premium that option writers are harvesting could quickly look meagre. If the inflation data surprise to the upside, a repricing of Fed-cut expectations could turn last week’s equity rally into a risk-off wobble, yanking bitcoin below six figures for the first time since April. Conversely, a benign print combined with even a symbolic easing of tariff rhetoric could flip the narrative to “soft landing, structural bid via ETFs,” reigniting topside optionality into the June quarter-end. In that scenario the rolled-out September $140,000 calls might come alive far sooner than their buyers now expect. Either way, the clock on bitcoin’s summer doldrums is ticking loudly. “Without a compelling narrative to spark the next leg higher, signs of fatigue are emerging,” QCP warns. The narrative candidates arrive this week; whether they supply ignition or simply more noise will decide whether 2025’s range trade breaks—or cements itself as the dominant theme of another crypto summer. At press time, BTC traded at $107,919. Featured image created with DALL.E, chart from TradingView.com

Bitcoin is making waves once again, flashing strength on the weekly chart as it closes well above key moving averages. With momentum indicators still favoring the bulls and no signs of exhaustion in sight, the current setup hints that the rally might be far from over. Could this be the beginning of an even bigger breakout? Bitcoin Stays Elevated: Bulls Show No Signs of Fatigue In a recent update shared on X, Shaco AI highlighted Bitcoin’s continued bullish momentum, pointing to strong weekly performance on the BTC/USDT chart. The analyst noted that BTC has “ballooned past recent expectations,” closing the week at an impressive $105,700. Related Reading: Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout This places the asset well above its 25-week Simple Moving Average (SMA) of $95,009.55 and the 50-week SMA at $83,318.12, an encouraging technical signal that suggests Bitcoin’s uptrend remains firmly intact. As Shaco AI put it, “The party isn’t over yet,” hinting that bullish sentiment could carry BTC even higher. Technical indicators further support this upbeat outlook. The Relative Strength Index (RSI) currently reads 63.51, indicating that buying momentum remains robust without entering overbought territory. This suggests that traders are still comfortable accumulating at current levels, and the market hasn’t yet reached a point of exhaustion.  Furthermore, the Moving Average Convergence Divergence (MACD) remains firmly in positive territory at 5835.33. The MACD’s positioning reflects steady buyer interest and a favorable trend structure, both of which are crucial for sustaining an upward move.  Volume Slackens While Price Nears Critical Resistance Zone The analyst went on to point out that despite the bullish setup currently seen on Bitcoin’s chart, the enthusiasm might be tempered by softening trading volume. Specifically, trading volume has only reached 95,302, significantly lower than the average volume of 179,421.  Related Reading: Bitcoin Price Slips Again, Triggering Fresh Fears of a Deeper Correction This discrepancy signals a noticeable dip in market participation, raising the question of whether the ongoing price rally has enough fuel to sustain its momentum in the short term. As the analyst emphasized, this drop in volume is worth watching closely since it may influence the momentum of next week’s price action. Looking at the broader picture, Bitcoin is approaching a major resistance level at $111,980. This key barrier represents a potential turning point; either it gets broken and paves the way for further upside, or it holds and prompts a short-term correction. Should a pullback occur, the analyst noted that BTC appears to have a comfortable support zone at $49,000, which could act as a solid cushion. In any case, the analyst suggests keeping a close eye on how these technical levels play out, as they could dictate Bitcoin’s next big move. Featured image from Getty Images, chart from Tradingview.com

Over the last few weeks, the Bitcoin price has been on an upward trajectory, propelled forward mainly by institutional adoption and buying. This has seen the Bitcoin price rally to new all-time highs at $111,900, and has remained above $100,000 despite a turn in market sentiment toward the negative. However, this support has not bolstered confidence, with one analyst predicting that the leading cryptocurrency has seen the end of this bull cycle. Bitcoin Price Completes Elliot Wave Theory The Elliot Wave Theory is a chart pattern that has been widely used as Bitcoin has become more mainstream in an effort to predict where the price may be headed next. The theory consists of five full waves, at the end of which lies a bearish trend for the digital asset. So far, the Bitcoin price has been moving through different waves according to different analysts. But Sniper Academy on the TradingView platform has revealed that the five waves have been completed. Related Reading: Ethereum Head & Shoulders Pattern Breakdown: Can Bulls Reclaim Control? Using the 1-month Bitcoin price chart, the crypto analyst shows that there have been five different waves completed. The latest all-time high peak above $111,900 is shown to have been the fifth and final wave, suggesting that this bullish impulse is complete. Given that the Bitcoin price has now completed this theory, the crypto analyst explains that this means that the cryptocurrency has now hit the upper boundary of a long-term ascending channel. Simply put, this is very bearish for the digital asset as this means an end to its upward trajectory. Right now, the analyst showed that the Bitcoin price is already forming divergence after the completion of the fifth wave. This has triggered a weakness in the momentum and has come as a result of resistance forming between $76,000 and $111,000. This trend shows that a potential double top has been created, and that means that there is nowhere for the Bitcoin price to go now but down. BTC Price Targets $31,000 Bottom Given the fact that the crypto analyst believes that the Elliot Wave Theory has played out and the five waves have been completed, the next expectation is a sharp drop in the Bitcoin price. The first move is expected toward $66,000, which would be an almost 50% decline in price from here. Related Reading: Dogecoin’s Growth Pattern Hints At Massive June–July Rally After 5-Month Pullback However, this is not the worst of it, as the crypto analyst sees the cryptocurrency still breaking down to $53,000. Then, if this level does fail to hold, then a fall all the way down to as low as $31,000, serving as the bottom of the channel. This also coincides with the 0.618 Fibonacci retracement. Once the Bitcoin price is back at $31,000, the crypto analyst believes that accumulation would begin at this key zone. This will then serve as the important level that will drive the start of the next major bull cycle. Featured image from Dall.E, chart from TradingView

The Bitcoin price has continued to trade sideways since hitting a new all-time high (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next.  Analyst Reveals What’s Next For The Bitcoin Price In an X post, Decode shared an accompanying chart in which he made an ABC wave analysis of the current Bitcoin price action. Based on his analysis, the leading crypto is expected to drop below $100,000 before it rallies to a new ATH of $120,000. The chart showed that BTC could fall to as low as $96,500 on the Wave B corrective move.  Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next This drop to $96,500 is expected to happen this month. Once that is done, Decode predicts that the Bitcoin price could rally above $120,500 before the end of July. This will mark the Wave C impulsive move to the upside. This aligns with veteran trader Peter Brandt’s prediction that BTC could reach as high as $150,000 by late summer. However, crypto analyst KillaXBT has predicted that the Bitcoin price could hit the $120,000 target by mid-June. This coincides with the June FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could serve as the catalyst for such a parabolic rally from the current BTC price level.  According to CME FedWatch data, there is a 97.4% chance that the Fed would keep interest rates unchanged. As such, market participants aren’t expecting a rate cut, which is why the Bitcoin price could pump massively if Jerome Powell and the FOMC were to surprise everyone. Moreover, US President Donald Trump yesterday urged the Fed to cut rates by a full point.  A Breakout Might Be On The Cards In an X post, crypto analyst Titan of Crypto suggested that a breakout could be imminent for the Bitcoin price. He noted that BTC is progressing inside a 4-hour falling wedge, which indicates a bullish reversal pattern. If confirmed, the analyst stated that the breakout could target the $107,500 and $109,500 zones, which are the Fibonacci confluence areas.  Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Crypto analyst Kevin Capital highlighted the solid V-shape recovery for the Bitcoin price after the leading crypto dropped to as low as $100,000 on May 5. However, the analyst noted that BTC’s rebound back to the $105,000 zone won’t matter until it breaks above the $106,800 level. The leading crypto must also show actual follow-through with 3-day to 1-week closes to support a breakout. At the time of writing, the Bitcoin price is trading at around $105,000. Up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitcoin (BTC) is showing signs of repeating a historic Golden Cross pattern that led to a long-term parabolic run. While the cryptocurrency’s recent pullback near the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high.  Golden Cross Formation Pits Bitcoin At $150,000 Bitcoin has once again flashed a classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rally in the coming months. According to a technical analysis by ‘Chain Mind,’ a crypto analyst on X (formerly Twitter), Bitcoin may be on the verge of an explosive surge to $150,000 if this historical pattern plays out as expected.  Related Reading: Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over The last time BTC formed this pattern was in November 2024. Immediately after the cross’s completion, Bitcoin’s price experienced a 10% correction, followed by a sharp 62% rally over the next several weeks. This behavior established a clear trend of a short-term shake-out preceding a strong bullish continuation.  Now, in early June 2025, Bitcoin has printed another Golden Cross on its chart, and so far, price action appears to be closely mirroring the one from the previous year. Notably, Bitcoin has dropped 8%, suggesting a smaller but comparable corrective phase to the one observed in 2024. Technical projections from Chain Minds now show a possible 51% rally on the horizon from the post-correction bottom. This would potentially place Bitcoin in the $150,000 range by the end of 2025.  Notably, Chain Mind’s analysis identifies Bitcoin’s recent crash toward the $100,000 region as a potential local bottom, with the Golden Cross acting as the catalyst for the next leg of the bull run. If the current historical pattern holds, Bitcoin may be entering a sustained period of upward movement to new all-time highs. With the cryptocurrency already recovering from the brief downturn and now trading at $105,050, a 51% increase would potentially place its price at approximately $158,625 once the historical Golden Cross pattern is fully completed.  Bitcoin Uptrend At Risk If $100,000 Level Is Lost Despite the broader bullish sentiment surrounding Bitcoin, its price is currently navigating a critical trading range between $100,000 and $112,049, which analysts suggest is crucial for maintaining its current optimistic outlook. Crypto Fella, the market expert responsible for this analysis, has shown via a chart that BTC is consolidating within a rectangular band, reflecting a pause in momentum after a sharp upward move earlier in the quarter.  Related Reading: Bitcoin Price Crash Trigger To $96,000: The Head And Shoulders Pattern That’s Forming The crypto analyst has boldly asserted that as long as Bitcoin continues to trade within the range above, there should be little cause for concern for another major crash. However, if the $100,000 mark fails to hold, the next likely target for downside movement is between $97,000 and $95,000, representing a 9.56% and 7.66% decline from current levels, respectively. Featured image from Getty Images, chart from Tradingview.com

One of the reasons that the altcoin season seemed to not have begun until now is the fact that Bitcoin has dominated the market recovery, and thus, the BTC dominance remains very high. For the altcoin season to actually begin, past market performances show that there needs to be a major decline in the Bitcoin dominance. This is the ultimate trigger the market needs to confirm that altcoins will begin their own independent run. Bitcoin Dominance Needs To Fall To 62% The Bitcoin dominance is still trending at a high 64%, and this continues to be a thorn in the side of altcoins. With the dominance this high, the Bitcoin price continues to dictate where the market goes and has seen altcoins suffer crashes as a result of even the tiniest movement triggering a decline in prices. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? However, crypto analyst Quantum Ascend has pointed out an interesting formation in the chart, which is a 7-wave crashing pattern. This pattern has been completed, and this signals a possible drop in the Bitcoin dominance as time goes on. The last phase of the 7-wave pattern was when the dominance hit a peak of 64.6% before declining back down toward 64%. This pattern suggests that the Bitcoin dominance could possibly drop to 62%, which would be good news for those waiting for the altcoin season. The last time that the dominance was this low was back on May 14, and altcoins had rallied hard as a result. For this decline to be completed, the crypto analyst reveals that confirmation lies below 63.45%, as this is the Wave 6 lows. Once this support is broken, a sharp drop toward 62% is expected from here. As the analyst explains, “real momentum kicks in under 62%,” and this is when altcoin season moves with full force. Altcoin Season Is Not Over The topic of a possible altcoin season is currently one of the most debated in the crypto community as market participants remain split on where it is in the cycle. Some have said there will be no altcoin season similar to what was seen in 2021, while others have maintained that it is still possible. Related Reading: Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2 One analyst on the X (formerly Twitter) platform has lent their voice, pushing the narrative that the altcoin season is far from over. For a 2021-style altcoin season to happen, though, the crypto analyst says the altcoin market, which excludes the top 10 cryptos by market cap, must break above the $470 billion resistance like it did in previous cycles. Once this happens, then they expect the altcoin season to begin. Featured image from Dall.E, chart from TradingView.com

After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin’s daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that could lead to a price crash towards $96,000. Bitcoin Head And Shoulders Pattern Forming Crypto analyst Titan of Crypto has highlighted what is a textbook head and shoulders formation on the daily chart. This bearish pattern, if completed, would imply a breakdown toward the $96,000 price zone, according to the analyst.  Related Reading: Major Bitcoin Price Drop Alert: Crash To $98,000 To Fuel Altcoin Buying Opportunity The setup is clearly defined by a peak (head) around mid-May that is flanked by two lower highs (shoulders) on either side, all sitting atop a slanted neckline that now acts as the last line of support. As of now, Bitcoin is trading just above this neckline, testing its structural integrity. In technical analysis, a clean break below the neckline accompanied by strong volume often activates the measured move from the head’s peak to the neckline, projected downward. Based on the chart, that drop points directly to $96,054. This puts Bitcoin at risk of a near 8% drawdown from current levels, with little support in between.  Aside from this formation, Bitcoin’s daily RSI is currently around the 50 reading, which is a zone that often triggers reactions. As such, a drop below this midline will confirm a bearish shift in momentum. Bitcoin Price Action Closing On Bearish Mode If Bitcoin does collapse toward the $96,000 level, it would mark a departure from the bullish strength that dominated its price just two weeks ago when it registered a new all-time high at $111,814. Since then, however, Bitcoin has lost subsequent support levels at $110,000, $107,000, and $105,000, which now places the next zone of importance at $103,000. Should Bitcoin fail to hold above that threshold, the pressure would likely shift toward the $101,000 level, which could act as the final buffer before steeper declines. Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings Interestingly, the neckline level of the inverse head and shoulders pattern highlighted by crypto analyst Titan of Crypto is around the $103,500 price level. Bitcoin broke below this price level in the past 24 hours, but the bulls managed to prevent further losses below $101,700. This has led to the creation of lower lows on the daily timeframe. At the time of writing, Bitcoin is trading at $103,250, which means it is back to testing the neckline resistance from below. Its reaction here would determine if it eventually crashes toward $96,000. If sellers take control at this level, it would not only confirm the head and shoulders breakdown but could also lead to a short-term capitulation across other cryptocurrencies. Featured image from Getty Images, chart from Tradingview.com

Bitcoin’s majestic 2024-25 ascent may have stalled at the very moment many traders expected an early-summer melt-up, according to crypto analyst Dr Cat (@DoctorCatX). In an extended thread published today, the Ichimoku-focused technician argues that the market printed a “valid cycle high” on the weekly chart and has now slipped into neutral territory—potentially postponing the next decisive breakout until mid-July or, failing that, as late as the first quarter of 2026. Bitcoin Bottom Not In? “I warned multiple times that we can’t be bullish on the weekly before the 9th of June,” Dr Cat reminded followers. The Chiko Span (CS) “entered the candles” last week, he noted, stripping the weekly timeframe of its bullish bias even though the long-term monthly structure remains intact. “Because the monthly chart is bullish, things are still long-term bullish,” he conceded, yet the immediate path higher has narrowed to two clear windows. Related Reading: The Last Bitcoin Cycle? Swan Says History’s Turning The first window opens in the week beginning 16 June. If Bitcoin starts that week above $99,881 and closes with CS breaking cleanly above the candle range, Dr Cat believes “the moonshot, potentially to $270,000,” could ignite. Should price open below that threshold, a textbook CS tracing pattern would already be underway, pushing the next breakout target to the week commencing 14 July (or the one immediately after). “Simply because these are the places where CS can make a clear breakout above the candles terminating a CS tracing,” he explained. Below $93,200—the current position of the weekly Kijun Sen—the bullish countdown is voided. “If the Kijun Sen at 93.2K is lost, we consider much later breakout,” Dr Cat warned, pointing traders to a broad monthly window between November 2025 and April 2026 when the Kijun Sen itself is expected to slope upward again. Until then, he is “not confident that the bottom is in,” flagging $97–98 K as a short-term confluence zone in which the daily Kumo cloud, the weekly Tenkan Sen and the two-day Kijun Sen intersect. The analysis comes at a delicate moment for sentiment. Bitcoin’s April all-time high above $111,999 has so far resisted several retests, and funding rates on major derivatives venues have eased from euphoric to merely positive. For Dr Cat, such moderation is consistent with Ichimoku’s Kihon Suchi 17-period rhythm: “Time cycles … give a valid cycle high on the weekly. I think at this point it obviously printed,” he wrote, implying that a fresh consolidation phase is statistically favored. Altcoin Season Even Further Delayed Altcoins face an even steeper uphill battle. In a companion post dissecting the TOTAL3 index (the market capitalization of all crypto assets excluding Bitcoin and Ethereum), Dr Cat argued that “altcoins are not ready to pump on the weekly and need minimum 1-2 months for that in the most bullish scenario.” Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 He cited four overlapping bearish ingredients: price below the weekly Kijun Sen, a negative Tenkan–Kijun cross, a Chiko Span trapped beneath the candle “forest,” and a Kijun Sen poised to turn down next week. “The chance for a bullish altcoins explosion in June is around 5 %,” he concluded, assigning a roughly equal probability that Bitcoin alone could rally while “dominance destroys alts.” That dour appraisal extends to Ethereum and other large caps. In Dr Cat’s view, “blindness … applies to anyone expecting a parabolic bull run above ATH in June for TOTAL3.” The first legitimate “window of opportunity for altcoin bulls,” he adds, does not open until August, when the weekly CS will encounter a thinner overhang of historic candles. Market implications hinge on whether Bitcoin can defend its higher-timeframe pivots long enough to align with those temporal windows. So far, the $93.200 Kijun Sen serves as the demarcation line between an orderly pause and a deeper retracement. A weekly close beneath it would “activate” the November-to-April contingency track—effectively pushing any move toward Dr Cat’s headline $270,000 projection into the next halving cycle. At press time, BTC traded at $103,072. Featured image created with DALL.E, chart from TradingView.com

Russia’s main exchange. the Moscow Exchange, has started offering Bitcoin futures contracts. This is one of the biggest moves yet in the country’s slow but steady opening to cryptocurrencies. According to market insiders, these new contracts track the price of the BlackRock Bitcoin ETF, which has gathered over $72 billion in assets. Related Reading: $500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury Trades will be priced in US dollars per lot, while settlements will happen in Russian rubles. This setup lets local traders tap into Bitcoin’s price swings without touching foreign crypto platforms. Quarterly Contracts Linked To IBIT These Bitcoin futures will come out every three months, with the first batch due to expire in September 2025. Based on reports, only qualified investors will be allowed to trade on the MOEX. That means big banks, funds, and other approved financial groups can take part. Ordinary investors won’t get in on these deals. The Bank of Russia gave the green light in May 2025 for such products, but it still warns most firms to steer clear of direct crypto deals. The idea seems to be to let big players handle the risk in a controlled way. Local Settlements Keep Risk In Rubles Moscow Exchange decided to price the contracts in US dollars. However, when it’s time to settle, everything happens in rubles. This approach protects Russia from sudden swings in foreign markets. A trader can lock in a deal based on Bitcoin’s value in dollars, yet get paid in their home currency. It’s a setup that keeps money inside Russia even as it ties to a global crypto product. Some analysts see this as a smart middle ground. It lets Russia join the international cryptocurrency scene but without depending on overseas platforms. ???? Moscow Stock Exchange Launches #Bitcoin Futures Contracts will only be available to qualified investors, with the futures tied to the value of the iShares Bitcoin Trust ETF, quoted in US dollars, and settled in Russian rubles. (TASS) The launch follows Sberbank’s approval… pic.twitter.com/wMTRlK2Y0y — RT_India (@RT_India_news) June 4, 2025 Bank Of Russia’s Cautious Stance Behind the scenes, the central bank is still cautious. It approved crypto-linked derivatives for qualified investors, but it hasn’t opened the door for everyone. Most banks and investment firms are told not to put their clients into direct Bitcoin trades. Instead, they can offer tools like these futures if they qualify. This reflects a watchful stance on digital assets. Authorities acknowledge the lure of big profits, but they also want to avoid big losses. By keeping access limited, they hope to keep any trouble contained. Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge Sberbank’s New Bitcoin-Linked Bonds Meanwhile, Sberbank, the country’s biggest bank, is working on its own crypto-based product. Soon, select clients will be able to buy structured bonds tied to Bitcoin’s price. These bonds will also trade in rubles and won’t require a crypto wallet. That way, people can bet on Bitcoin without opening accounts on foreign sites. Featured image from Lonely Planet, chart from TradingView

The Bitcoin price is falling fast, and with bears currently taking control, a crypto analyst has forecasted an impending crash below $100,000. While this potential downturn may sound alarming, the analyst has also revealed that after the pullback, Bitcoin (BTC) is expected to undergo a significant price rally to new all-time highs.  Bitcoin Price Faces Immediate Crash Risk Bitcoin appears to be entering a cooling phase after experiencing a significant bullish run that spanned several weeks and led to its current all-time high of almost $112,000. ‘MelikaTrader94’, the TradingView crypto analyst responsible for this new technical analysis, predicts that during this cooling period, bears could take over and send the Bitcoin price crashing down to former lows under $100,000.  Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings On a 4-hour chart presented by the analyst, Bitcoin has consistently respected a descending trendline acting as a strong resistance threshold. This line, which formed after the recent peak, has now rejected price action multiple times, preventing further upward movement and hinting at growing bearish pressure in the short term.  At the time of the analysis, Bitcoin was trading at $106,432, attempting to test the descending trendline once again. However, the chart shows that BTC lacks strong momentum, suggesting that another rejection is likely. If this rejection occurs, BTC’s price action is expected to correct downward toward the $99,000 region, marked on the chart as a key horizontal support zone.  Bitcoin’s projected pullback is consistent with typical market behavior, especially after an extended bullish phase. Based on the TradingView expert’s analysis, a drop to the $99,000 support level could shake out weak hands and provide fresh buy-dip opportunities for traders. While the structure of the projected downward move is not entirely bearish, it suggests a necessary retest of lower support areas before any sustainable rally can resume.   Bullish Continuation Expected After Pullback MelikaTrader94 has suggested that correcting down to the $99,000 support zone is critical for determining Bitcoin’s next rally. If this crash successfully occurs and buyers step in to defend the support, BTC could begin forming a strong bullish continuation structure.  Related Reading: Bitcoin Price Crash: Why $107,500 And $103,500 Are The Levels To Watch The TradingView analyst’s chart outlines a possible rebound from the support area, which could trigger a breakout above the descending trendline. A sustained move above this trendline would potentially invalidate the short-term bearish structure and set the stage for a new all-time high, with price targets extending beyond $114,000.  Notably, Bitcoin’s consolidation around its current price of $104,500, followed by a possible dip to the well-established support zone, fits the analyst’s narrative that the market is preparing for a big move. The TradingView expert has urged investors and traders to keep an eye out for a strong bounce, as this projected pullback could be a healthy one that comes just before a bullish leg up. Featured image from Getty Images, chart from Tradingview.com

Bitcoin is drifting just above $105,000 on June 5, its lowest realized volatility in almost two years, yet Swan, the Los-Angeles-based “Bitcoin-only” financial services firm, contends the market is on the verge of its most radical re-pricing ever. The Last Chance To Buy? In a X thread on Wednesday night, the company argued that the familiar four-year boom-and-bust cadence is giving way to “the last rotation”—a silent transfer of coins from retail speculators to institutions whose investment horizons stretch decades. “People less committed to the long term are exiting […] and a whole new class of investors is entering,” Swan is quoting Michael Saylor, framing the hand-off from retail traders to corporate treasuries, ETFs and multinationals such as BlackRock and Fidelity. So far, 2025 has defied the script. The third calendar year of every prior cycle—2013, 2017 and 2021—delivered the vertical moves that defined those eras. This year has offered “big moves, but also shallower corrections and longer periods of sideways chop,” Swan writes, conceding that the price action “is boring people.” Related Reading: Bitcoin Signals Strength As Long-Term Holder Realized Cap Surges Past $20 Billion – Details The firm’s thesis is that boredom masks an invisible supply squeeze: long-time holders taking profits above $100,000 while “long-only buyers,” in Swan’s words, methodically absorb the float. “These corporations, they’re long-only buyers. Not traders of Bitcoin,” Swan argues, underscoring the firm’s view that coins migrating into corporate vaults are effectively removed from circulation. The thread portrays three intertwined rotations: Between entities – Trustees, lawyers and early adopters are exiting; ETFs, corporations and “sovereign-grade balance sheets” are stepping in. Between intentions – Speculation gives way to allocation. “This new wave of buyers isn’t speculating,” Swan writes. “They’re allocating.” Between generations. The Silent Generation hoarded gold; Boomers compounded in equities; Gen X surfed tech; now Millennials, “entering their peak accumulation years,” are “inheriting trillions—and they’re choosing Bitcoin.” Related Reading: Bitcoin Pauses Below $106K as Analyst Reveals Key Support Level To Watch Supply dynamics, Swan contends, make those rotations irreversible. “When long-term capital meets inelastic supply, the float starts vanishing,” the firm warns. “That’s when things get explosive.” The macro backdrop adds pressure: Swan points to a “rare and dangerous split” in which the US dollar is weakening even as bond yields surge—an environment, it says, that could funnel excess capital toward a neutral store of value. “This isn’t just the next cycle. It’s the end of an era,” Swan concludes. “If you’re selling now, understand you’re likely handing your Bitcoin to an institution that plans to hold it indefinitely. Once it’s gone, you’re probably never getting it back.” For Swan, the implication is stark. The apparent tranquility near $105,000 is less a sign of exhaustion than the quiet before a permanent liquidity event—one in which the marginal seller disappears, the marginal buyer never sells, and price must eventually mark higher to find equilibrium. “Think twice,” Swan advises would-be profit-takers. “The float is drying up. The buyers are built different. This is the last Bitcoin rotation.” If the firm is right, history is not repeating so much as culminating, and the market’s current stillness may soon be remembered as the eye of a generational storm. At press time, BTC traded at $104,605. Featured image created with DALL.E, chart from TradingView.com

Singapore-based trading desk QCP Capital says the options market is sending an unmistakable signal: large players are quietly positioning for a break to $130,000 by the end of Q3, even as spot Bitcoin languishes near $105,000. $130,000 Bitcoin Bets Heating Up In a note to clients on Wednesday, the firm highlighted “a surprise uptick in job openings” that lifted risk appetite across equities, nudging the S&P 500 toward the psychologically charged 6,000 mark. “A steady NFP would cement the Fed’s narrative of a resilient labour market, reinforcing expectations that rates will remain on hold,” QCP wrote, adding that front-end Bitcoin volatility has already “slipped below 40 vol” as traders park on the sidelines before Friday’s payroll print. Despite the calm surface, options flows tell a livelier story. “September $130K calls were lifted at 47 vol,” QCP observed, pointing to “pockets of topside interest heading into Q3.” With the one-month volatility term structure now flatter than at any point since May, opportunistic funds have found it inexpensive to buy long-dated vega while selling short-dated gamma. The dynamic mirrors a broader decline in equity volatility—VIX is plumbing its own three-month lows—and has left Bitcoin’s implied curve looking “wholly normalised,” QCP noted, with skew suggesting “little directional conviction” in the near term. Related Reading: Bitcoin Price Crash: Why $107,500 And $103,500 Are The Levels To Watch That benign backdrop may not last. The desk warned that tariff frictions and Washington’s so-called “Big Beautiful Bill” could roil macro data just as the US debt-ceiling saga re-enters the headlines. “In the absence of a clear catalyst, BTC is unlikely to break materially out of its current range,” the note said, but Q3 “could prove more challenging” as fiscal risks and trade tensions “introduce potential headline volatility.” China has already flashed early signs of stress: futures volumes in 10- and 30-year Chinese government bonds have fallen to their lowest levels since February, a fact QCP attributes to “broader risk aversion and sidelined positioning.” Meanwhile, markets await any progress on an anticipated Xi-Trump dialogue—an event that could shift sentiment on tariffs. For now, however, Bitcoin remains pinned. Spot has hugged the $105,000 handle for five straight sessions, open interest is light, and realized volatility has compressed into a mid-teens annualized band—conditions that historically precede a sharp expansion. Whether that expansion resolves higher or lower hinges on the very catalysts traders are bracing for: payrolls data, central-bank rhetoric, and the tariff announcements that dominated headlines earlier in the year. Related Reading: Bitcoin 3–5 Year Holders Slow Selloff—Waiting for Higher Prices? Yet the willingness of sophisticated desks to pay up for September upside is hard to ignore. A cluster of large prints in the $130,000 strike, executed at implied vols roughly seven points above the prevailing curve, suggests at least some investors expect Bitcoin to test new highs before month-end September. QCP stops short of endorsing the trade outright but underscores the asymmetry: “With vols crushed and skew flat, the cost of owning topside gamma has rarely looked this attractive,” the firm writes. That calculus—cheap optionality against a potentially volatile macro backdrop—explains the growing divergence between spot lethargy and options optimism. If the payroll report arrives soft, the Fed pivot narrative could re-ignite; if tariff negotiations sour, Bitcoin’s digital-gold appeal may resurface. Either path feeds volatility, and volatility is precisely what long-vega buyers are banking on. At press time, BTC traded at $104,648. Featured image created with DALL.E, chart from TradingView.com

Despite the recent rally to a new all-time high (ATH) of $111,900, crypto analysts have warned that the Bitcoin price could still witness a massive crash that will send it below $100,000. These analysts highlighted fundamentals and technicals that could spark this price crash.  Analysts Highlight Why Bitcoin Price Could Still Crash Below $100,000 In a TradingView post, crypto analyst Stephan mentioned the geopolitical tensions, with the Russia-Ukraine conflict intensifying as one of the factors that could spark the Bitcoin price crash. He explained how this conflict could drive investors toward safe-haven assets, such as gold. The analyst also noted that Bitcoin ETFs experienced modest outflows last week. Related Reading: Bitcoin Price Crash To $104,000: What You Need To Know In June Stephan’s accompanying chart showed that the Bitcoin price could drop to as low as $96,765 as it retests the psychological $100,000 support level. Crypto analyst Nova also warned that Bitcoin could drop to $100,000 while providing a technical analysis of the flagship crypto’s current price action.  In a TradingView post, Nova stated that if the Bitcoin price faces resistance around the $106,406 daily level and continues to correct, it could extend the decline to retest the psychologically important $100,000 mark. She further revealed that the Relative Strength Index (RSI) on the daily chart is at 53, trending downwards to the neutral level of 50. This indicates weakening bullish momentum. Nova also stated that the Moving Average Convergence Divergence (MACD) showed a bearish crossover last week. Meanwhile, the analyst alluded to the increasing red histogram bars below the baseline, which she claimed further signal a potential correction ahead. Her accompanying chart showed that the Bitcoin price could drop to $99,000 as it retests the $100,000 level.  Crypto analyst Kevin Capital also called for caution at the current Bitcoin price level. He stated that nothing has changed for the flagship crypto and indicated that there was no need to be ultra bullish at this current level. The analyst earlier warned that things could get sketchy looking for BTC if it fails to reclaim $106,800 soon enough.  BTC Could Still Rally To $135,000 This Year In an X post, crypto analyst Titan of Crypto raised the possibility of the Bitcoin price rallying to $135,000 this year. He noted that BTC has broken out of a right-angled descending broadening wedge, and if the price holds above the breakout zone, $135,000 becomes a realistic target. The analyst added that the structure is clean.  Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Down Toward $95,000 Crypto analyst Mikybull Crypto stated that the Bitcoin price is gearing up for a new all-time high. He further remarked that $120,000 remains a magnet for the flagship crypto in this market cycle. Meanwhile, veteran trader Peter Brandt predicted that BTC could reach $150,000 by late summer 2025.  At the time of writing, the Bitcoin price is trading at around $105,400, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitcoin’s current price action is marked by a consolidation around the $105,500 price level. Although it reached an intraday high of $106,807, it has since returned to $105,500, and its dominance also witnessed a minor fall. Notably, Bitcoin’s dominance metric, the BTC.D, which measures its share of the total crypto market capitalization, has stalled around the 64% level in recent weeks. This stalling behavior drew attention from a certified market analyst, especially in light of many altcoins struggling to gain momentum in an environment dominated by Bitcoin’s inflow. BTC Dominance Hits Resistance, Candlestick Flash Warnings According to certified Level III CMT analyst Tony “The Bull” Severino, the 64% region on the Bitcoin Dominance (BTC.D) chart could mark a meaningful reversal point. Sharing his insights alongside a technical chart of Bitcoin’s market cap dominance on the monthly timeframe, Severino pointed out that the latest monthly candlestick formed a Doji right at the bottom of a previous Falling Window.  Related Reading: Altcoin Season: Bitcoin Dominance Reaches Critical Level Above 64% In Japanese candlestick theory, such “windows” are not just gaps to be filled but serve as critical zones of support or resistance. The fact that BTC.D formed a Doji candle precisely at this window, according to Severino, is a textbook reaction suggesting the dominance rally may be losing strength. This candlestick structure brings the focus onto how the current monthly candlestick plays out. If the current monthly candle becomes an Evening Star candlestick and closes below 62%, the odds of Bitcoin dominance rolling over increase significantly.  Altcoin Season Not Quite There Yet As noted by Tony, if Bitcoin’s dominance candlestick this month forms an Evening Star pattern and closes below 62%, it has a high possibility of marking the end of the cryptocurrency’s current dominance. However, the analyst added a key caveat: the BTC.D Relative Strength Index (RSI) closed the previous month above 70, still suggesting strong momentum and keeping the larger trend in flux. Related Reading: Is Altcoin Season Over Or It Never Started? Here’s What Historical Data Says Despite these early signals, Severino warned against jumping the gun. Although the technical evidence points to a possible short-term reversal in dominance, he clarified that it does not necessarily guarantee a full-fledged altcoin season. In his words, “I am still not of the mindset that we will get a typical altcoin season, but I am seeing some of the first signs that BTC.D might reverse here.” For now, Bitcoin continues to hold steady above $105,000, and until BTC.D breaks convincingly below 62%, the cryptocurrency is in dominance. Nonetheless, the altcoin market could soon be looking at its first real window of opportunity in months. At the time of writing, Bitcoin is trading at $105,500, down by 0.1% in the past 24 hours. Bitcoin dominance is currently at 63.1%, down by 0.57% in the past 24 hours. Ethereum, on the other hand, increased its market share by 2.13% to 9.6%. Featured image from Adobe Stock, chart from Tradingview.com

The Bitcoin price is still ping-ponging between support and resistance, but is still moving in favor of the bulls at this point. This is due to the fact that the price is still holding well above $100,000, and this is a psychological level that could be a determinant of a bull or bear move. Amid this, crypto analyst Xanrox believes that the Bitcoin price is headed down after hitting its new all-time high close to $112,000, and this downtrend would push altcoins down further. Why The Bitcoin Price Is Breaking Down The reason for the Bitcoin price decline, as outlined by the crypto analyst, is that the leading cryptocurrency is actually breaking down out of an ascending parallel channel that was formed while the price moved from $74,000 to $112,000. This was seen in the initial downtrend that sent Bitcoin from $111,000 down to $103,000, before the relief rally. Related Reading: Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off In addition to the ascending channel, the crypto analyst also points out the formation of a symmetrical triangle inside the channel. This is also important to keep an eye on since symmetrical triangles are known for sweeping liquidity. While these liquidity sweeps are not one-sided, it is still notable as it can sweep liquidity above and below the triangle. Probabilities of the direction of the liquidity sweep increase in a direction depending on whether the bears or bulls are currently dominating. Xanrox also explains that the Bitcoin price has already completed the five full waves of the Elliot Wave theory, and as such, the next thing is a corrective ABC wave. In this case, it is expected to fall back to the 0.382, 0.500, and 0.618 Fibonacci levels again. Where To Start Buying With the expectation that the Fibonacci levels will fall to 0.382, then 0.500, and then 0.618, the first culprit for where the Bitcoin price is expected to fall to is just below $98,000. At this level, the crypto analyst believes that it is time to start buying. In addition to the chart formations, Xanrox also calls out an unfilled Fair Value Gap (FV) at this level, and once it fills, it is a great level to start buying before the next wave to the upside. Related Reading: Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH If this decline does happen, then altcoins are expected to actually fall further from here. This would put them at great buy levels as well, especially as altcoins are sitting so close to all-time low levels. However, after the first FVG is filled and there isn’t strong momentum, the second Fibonacci level at 0.500 puts the Bitcoin price at $92,000. Meanwhile, the third and last Fibonacaill level at 0.618 puts it as low as $87,500. “Usually we want to look for a buying opportunity at the 0.382, 0.500, or 0.618 FIB levels,” the crypto analyst explained. Featured image from Dall.E, chart from TradingView.com

As the Bitcoin (BTC) price stabilizes 5% below its all-time high of $111,800, which was reached last week, predictions of further price declines have emerged. More surprisingly, one expert claims that all of BTC’s history is a “staged illusion,” which could cause it to dip toward the $10,000 mark for the first time in nearly five years. Expert Alleges Bitcoin’s Rise As ‘Largest Bubble In History’ Jacob King, the CEO of the news aggregator Whale Whire, took to social media to assert that Bitcoin’s trajectory is a carefully constructed illusion, designed to convey a sense of institutional commitment and government endorsement, thereby fostering the illusion of a thriving market driven by authentic demand.  King’s bold claim characterized Bitcoin’s current state as the “largest bubble in human history,” poised to unfold as a monumental financial scandal. Of course, this is only King’s opinion based on his analysis. Related Reading: XRP Sell-Off Rumors Swirl After Expert Questions Ripple’s War Chest The narrative King presented delves into the web of interconnected entities that allegedly manipulate the cryptocurrency market. Drawing attention to the case of El Salvador’s purported Bitcoin investment, King highlighted discrepancies in the narrative, alleging that a significant portion of the country’s Bitcoin reserves had not been acquired through legitimate means but rather transferred from Bitfinex and Tether.  This alleged manipulation, according to King, extends to the very core of the industry, with entities like Tether orchestrating alleged schemes to bolster liquidity and fabricate a façade of institutional backing. Alleged Bitcoin Market Manipulations The unraveling of these alleged machinations, as per King’s assertions, casts doubt on the authenticity of Bitcoin’s growth and the legitimacy of the broader cryptocurrency ecosystem.  King’s narrative underscores a network of “intertwined interests,” where figures like Michael Saylor, founder of the Bitcoin proxy firm Strategy (previously MicroStrategy),  are depicted as integral players perpetuating a cycle of “leverage and speculation” rather than genuine investment in BTC. Furthermore, King’s reflections extend to the role of stablecoins like Tether’s USDT in propping up the Bitcoin market, creating a “fragile ecosystem” wherein the value of stablecoins could potentially surpass that of traditional fiat currencies.  Related Reading: Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B – Data The intricate interplay between Tether’s activities and Bitcoin’s stability, according to King, forms a precarious foundation susceptible to collapse in the face of regulatory scrutiny and diminishing institutional interest. All around, King issued a stark warning about a potential nosedive in Bitcoin’s value, suggesting that the cryptocurrency might plunge towards the $10,000 threshold for the first time in almost half a decade.  Expressing skepticism regarding the sustainability of Bitcoin’s current price levels, King portrayed a market on the verge of a substantial correction. If this ominous forecast materializes, it would signify a profound shift in Bitcoin’s valuation, departing from the lofty peaks it has recently scaled. As of this writing, the market’s leading cryptocurrency trades at $105,788, recording a 3% retrace in the weekly time frame. Still, Bitcoin holds to gains of over 52% in the year-to-date period.  Featured image from DALL-E, chart from TradingView.com 

The Bitcoin price crash is in focus following the flagship crypto’s recent drop to as low as $103,700. Crypto analyst Captain Faibik has commented on why $107,500 and $103,500 are the most important levels to watch as BTC looks to decide its next move.  Why $107,500 & $103,500 Are Key For The Bitcoin Price In an X post, Captain Faibik explained that $107,500 and $103,500 are key as the bulls and bears battle to dictate the next move for the Bitcoin price. The analyst noted that later this week, BTC bulls will attempt to reclaim the $107,500 resistance and regain momentum.  Related Reading: Bitcoin Price Risks Break Down To $92,000 As It Enters Accumulation Phase He predicted that a clean break and hold above $107,500 could trigger a bullish leg toward the $117,000 level, which would mark a new all-time high (ATH) for the flagship crypto. Meanwhile, on the other hand, $103,500 is an important support level which the bulls must defend as the Bitcoin price eyes new highs. Captain Faibik warned that a breakdown below could shift momentum back in favor of the bears.  The Bitcoin price had surged above $106,000 on May 2 following news about the US decision to extend its pause of tariffs on some Chinese goods to August. This provided a bullish outlook for the flagship crypto after Donald Trump stated last week that China had violated the trade deal with the US.  Trump and China’s president are set to have a call later this week, which could further boost the Bitcoin price if both sides could resolve any dispute regarding the current trade deal. Meanwhile, Fed Chair Jerome Powell failed to discuss the economy during his speech at the International Finance Division Anniversary Conference, which also continues to fuel market uncertainty.  First Step For BTC Is To Get Back Above $106,500 In an X post, crypto analyst Kevin Capital indicated that the first step is for the Bitcoin price to successfully reclaim $106,500. He noted that BTC had recorded a weekly close below this level, which puts the flagship crypto back in the danger zone. The analyst further remarked that BTC needs to get back above this level in the coming days or things can get “sketchy looking.” Kevin Capital added that this has been a key level for months, and nothing has changed.   Related Reading: Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says Meanwhile, crypto analyst Titan of Crypto revealed that a Katana is forming on the weekly chart for the Bitcoin price. He explained that in Ichimoku analysis, a Katana forms when Tenkan and Kijun overlap. This signals low momentum and market equilibrium. He added that this development also precedes strong directional moves, with an expansion or pullback on the horizon.  At the time of writing, the Bitcoin price is trading at around $105,435, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Doctor Profit has risen in fame for making multiple near-perfect calls for the Bitcoin price. He had predicted the Bitcoin decline from $109,000 back down and then called a bottom at $77,000, predicting the BTC price would bounce to new all-time highs, which it did. Now, with the Bitcoin price recoiling from hitting a new all-time high above $111,000, the crypto analyst is back with next steps and where the cryptocurrency could be headed from here. Why The Bitcoin Price Golden Cross Matters In his X post, Doctor Profit starts out by explaining the psychology of the current market, calling out those who continue to call out for a bear market. He refers to these people as ‘exit liquidity’ for the real players, hinting that they’re wrong for their stance. Rather, he points out an important formation in the Bitcoin price chart and that is the Golden Cross, which appeared last week. Related Reading: 312 Million Dogecoin Moved To Coinbase – What’s Going On? The analyst calls the appearance of this Golden Cross “a macro-level signal with historic accuracy.” He explains that since this signal is so rare, but has been right every time, there is no reason to deviate from it. Also, he further explains that the Golden Cross has always been a long-game signal. Hence, results are not expected to start showing so early. The Golden Cross pattern had appeared on the weekly chart, and the crypto analyst highlights its historical accuracy. Each time that the Bitcoin price has formed this Golden Cross, it has usually led to a multi-month rally. If this is the case this cycle, then it suggests that the Bitcoin bull run is far from over. Don’t Worry About The Bears After the Golden Cross pattern appeared, another concerning development had taken place on the Bitcoin price chart and that is a bearish divergence on the weekly timeframe. Normally, this means an end to the rally and that the price could start to plummet. However, the crypto analyst seems unfazed by this. He refers to a similar bearish divergence appearing when the Bitcoin price was trading at $80,000 and nothing happened. Since the cryptocurrency had continued its bullish run at that point, the analyst takes this as a hint that the bearish divergence is lagging and only appeared due to Donald Trump’s tariff announcement last week. “No actionable value here,” Doctor Profit said. Things To Watch Out For So far, Doctor Profit attributes the drawdown in the Bitcoin price to “standard cycle behavior.” This includes profit-taking from short-term holders who bought in the last six months, while long-term holders remain unmoved. Another bullish factor includes the fact that BlackRock’s outflows remain low despite Trump’s renewed tariff war. Related Reading: Bitcoin Still Bullish, But $200,000 Off The Table And $137,000 In Sight Formations on the Bitcoin price chart that show bullish tendencies include a Cup and Handle pattern on the daily chart that puts the breakout zone between $113,000 and $115,000. Also, the Bitcoin price has been recording higher highs and higher lows after recording its bottom at $74,000, which shows trend support remains strong. The Bitcoin price is also trading above all major moving averages (MAs), including the 20-day, 50-day, and 200-day moving averages. Last but not least, Doctor Profit also pointed out that the MACD line has crossed above the signal line on the weekly chart. This means that momentum remains in favor of the bulls. Given this, the analyst believes “there is no reason to be scared at all.” Featured image from Dall.E, chart from TradingView.com

Bill Barhydt, the founder and chief executive of crypto-banking platform Abra, set Crypto-X alight over the weekend by reposting a collage of global M2-versus-Bitcoin charts first popularised by macro investor Raoul Pal and researcher Julien Bittel. “I’ve seen over a dozen posts with different versions of the global liquidity M2 vs Bitcoin price chart – I’ve attached several here. Credit @RaoulGMI and his colleague @BittelJulien for discovering the trend,” he wrote. “Most of these charts predict a dip over the coming days to around $100 k and then a move to new ATH of $130 k in August/September … Or this could all be horseshit. Whatever.” Will Bitcoin Follow M2? Expanding on the macro backdrop, Barhydt argued that “global liquidity needs to rise significantly in the coming months. Bitcoin remains the mother of all liquidity (re: debasement) sponges.” He framed the asset’s reflexivity in stark terms: as fiat supply grows, Bitcoin absorbs the monetary excess, and the resulting gains “will most likely spill over into other L1 platforms and then ultimately speculative alts – the proverbial alt season.” Related Reading: Bitcoin Tipped For $340,000 Target If This Support Level Holds – Details Even so, he cautioned traders against complacency. “Watch your leverage, touch grass and please please be civil,” Barhydt advised, noting that the anticipated pull-back could be a gentle pause or a swift capitulation toward $95,000 before any summer rally materialises. When a follower fretted that the model might already be overcrowded, Barhydt dismissed the idea that positioning had reached critical mass: “I’ve thought about that but we’re talking about trillions of dollars and billions of people. There might be thousands of people focused on this but not more. Even then retail writ large isn’t focused on crypto right now.” Related Reading: Bitcoin Warning: Bull Trap Or $270,000 Rocket? Analyst Exposes What’s Coming A second critic complained that the liquidity data “is not collected on a timeframe that would predict daily moves.” Barhydt concurred, replying: “I completely agree. Hence the ‘whatever’ reference. It’s macro directional on a weekly scale at best. But in that regard it’s been a very good tool.” The liquidity-first thesis still has heavyweight backers. Pal recently told Real Vision subscribers that “liquidity is the single most important driver of all asset prices,” estimating that rising world-money supply accounts for up to 90% of Bitcoin price action, while Bittel’s latest update pegs global M2 near a record $111 trillion – a level he says leaves Bitcoin “still going higher.” Whether those macro tailwinds propel Bitcoin to the $130,000 target or prove, in Barhydt’s own words, to be “horseshit” will depend on how briskly central banks resume balance-sheet expansion and how aggressively traders deploy leverage in the weeks ahead. For now, Barhydt’s call serves as both roadmap and reality check: the next swing could be explosive, but the model is only as good as the liquidity it tracks. At press time, BTC traded at $104,625. Featured image created with DALL.E, chart from TradingView.com

Bitcoin’s bullish momentum has somewhat faded after reaching an all-time high of $111,000 on May 22, casting doubt on the sustainability of the rally. Bitcoin has pulled back slightly after its record-setting push, and analysts are split on what this means for its price action going forward.  Interestingly, not everyone is convinced the recent all-time high reflects genuine strength. One of the most notable voices challenging this is certified crypto expert Tony “The Bull” Severino, who warned that Bitcoin’s move may not be as solid as it looks on the surface. In his assessment, Tony Severino argues that the breakout to $111,814 lacks the technical confirmation usually associated with a true bullish breakout. He noted that while BTCUSD did print a new high, other major trading pairs did not follow suit. Failed Breakout Indicates Weakness Rather Than Strength Particularly, Bitcoin failed to reach a new all-time high against currencies such as the Euro, British Pound, Japanese Yen, and the Swiss Franc. The same applies to BTC/XAU, Bitcoin’s price measured against gold, which currently lags far behind its former peak of 41 ounces per Bitcoin. At the time of writing, that pair is still hovering at 32 ounces, a significant difference that suggests the upward momentum is isolated to the US Dollar. Related Reading: Bitcoin Price Trend Above $100,000: The Good News And The Bad News This divergence leads Severino to argue that the move could be a byproduct of the USD’s weakness rather than Bitcoin’s strength. A true bullish breakout, he says, would have been evident across multiple currency pairs and asset benchmarks. His skepticism is further reinforced by the structure of the charts, as seen in the six comparative panels he shared on the social media platform X. Most of them show Bitcoin forming lower highs or simply failing to match the previous all-time level. For instance, Bitcoin priced in euros is still well below its peak of €105,890, currently trading around €93,229. Similarly, Bitcoin has failed to breach the 17 million mark against the Japanese Yen and now sits at ¥15.28 million. The same trend is repeated in the Swiss Franc and British Pound pairings, with BTC / Swiss Franc failing to cross 99,254 and BTCGBP forming a lower high at $78,228. These price actions make it difficult to argue that Bitcoin is in a universally strong position, particularly when measured in anything other than USD. Caution With Next Monthly Candle Open In conclusion, Tony Severino warns traders and investors not to be misled by the surface-level optimism that comes with a new all-time high in BTCUSD. A single breakout, especially one lacking confirmation from cross-pair strength and fundamental indicators, does not necessarily signal the start of a new wave five or a sustained bullish trend for the Bitcoin price.  Related Reading: Analyst Predicts Big Drop For Bitcoin Price As Bearish Pressures Mount After $111,000 ATH According to him, the May monthly candle close and the June monthly candle open will be important in determining the next direction. If the current indecision tilts bearish, technicals could teeter back bearish towards a larger correction. At the time of writing, Bitcoin is trading at $104,850 after reaching a 24-hour low of $103,832. This is a brief recovery from its June open of $104,646. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price has turned bearish after hitting a new all-time high above $111,000 back in May. This turn in the tide was expected as the rally put Bitcoin holders in massive profit, showing a risk of profit-taking that could tank the price. So far, the price is already down by 6% % from its all-time high and trending at $104,000 at the time of this writing. But as bears take control, it is likely that the decline is far from over, and the cryptocurrency could fall below 6-figures again. The Pathology Of The Bitcoin All-Time High A pseudonymous analyst who goes by Youriverse on the TradingView website has explained the movement of the Bitcoin price over the past few weeks and why the market has been moving the way it has. As he explains, Bitcoin has been exhibiting what is known as a textbook accumulation since the uptrend began in the second week of May. This accumulation was part of the reason why the cryptocurrency rallied to new all-time highs. Related Reading: Bitcoin Still Bullish, But $200,000 Off The Table And $137,000 In Sight At this time, the crypto analyst revealed that the Bitcoin price had seen more compression as it reached higher lows and resistance remained relatively flat. Additionally, the selling pressure that had rocked the Bitcoin price through the last few months due to the Donald Trump tariff wars had also waned at this time, putting the buyers in control of the price. The result of this is a possible ‘Power of 3’, which the analyst explains includes Accumulation, Manipulation, and Distribution. These three together were part of the reason that the Bitcoin price started moving upward. The resultant rally saw an initial push toward previous all-time high levels, and then subsequently, there was a push to a new all-time high above $111,000. However, the price action waned before Bitcoin could break $112,000. As a result of the dwindling upward pressure, a reversal was inevitable, and the Bitcoin price suffered a decline toward previous support levels at $106,000. However, this support has not held as it has since broken below this level, signaling “a notable shift in market structure.” Why A Decline To $92,000 Is Possible The analyst explained that the ‘Power of 3’ could be playing out right now, and this could see the price go further downward as larger investors dump on the lesser informed retail crowd. Furthermore, as the Bitcoin price continues to trend below the $106,000 support for longer, it increases the likelihood that the price could fall further. “The rejection above the ATH and the subsequent breakdown below $106K has introduced significant overhead supply, which may act as resistance in the near term,” the analyst said. Related Reading: Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-Of-Year Prediction Given this, he expects that the Bitcoin price could end up falling back to $100,000 and even reach as low as the mid-$90,000s. But if this happens, rather than triggering a bearish trend, it could mean an opportunity to buy, as this area could attract more liquidity and serve as a bounce-off point for another rally. “This potential pullback should not be viewed solely as a sign of weakness,” the analyst stated. “In many bull cycles, such corrections and shakeouts serve to flush out over-leveraged positions and reset sentiment, ultimately laying the groundwork for renewed upward momentum.” Featured image from Dall.E, chart from TradingView.com

In an interview with Korean crypto researcher Juhyuk Bak, also known as @JuhyukB, Capriole Investments CEO Charles Edwards laid out a striking divergence in the crypto asset markets: while Bitcoin could double this year, altcoins remain structurally impaired and far from any meaningful rotation. Bitcoin Could Hit $200,000 This Year Speaking from the perspective of a macro quant hedge fund operator, Edwards was unequivocally bullish on Bitcoin, stating, “If the data stays in the current trend we’re in, I think $150–200K is definitely possible this year.” The founder of Capriole, a fund known for pioneering on-chain valuation models like Hash Ribbons, Energy Value, and the Macro Index, grounded this forecast in a web of interlocking technical, sentiment, and macroeconomic signals. Related Reading: Bitcoin Warning: Bull Trap Or $270,000 Rocket? Analyst Exposes What’s Coming “We’re printing new all-time highs on daily and weekly closes,” Edwards noted. “As long as we stay above $104K […] as long as the Macro Index trends up, and US liquidity continues to rise, this environment is very bullish.” Capriole’s proprietary Macro Index—a machine learning model aggregating over 100 inputs from Fed liquidity to bond and equity markets—has turned decisively positive. Bitcoin’s rally, Edwards emphasized, is further reinforced by metrics like MVRV Z-Score, Hodler Growth Rates, and Energy Value, all signaling room for expansion. But while Bitcoin shows strength across multiple dimensions, altcoins are telling a very different story. The Death Of The Old Altcoin Cycle Edwards refrained from naming specific altcoins but delivered a clear macro verdict: the capital flow dynamics have changed, and altcoins are no longer on an equal footing with Bitcoin. “Structurally, things are quite a bit different this cycle […] the biggest driving forces are Bitcoin ETFs and US policy. That’s creating a centralizing effect—funneling capital directly into Bitcoin,” he explained. He pointed to the historical cycles of retail-led altcoin rallies, followed by catastrophic drawdowns—often exceeding 99% losses. “Retail has just gotten destroyed,” he said bluntly. “There’s a fatigue in the altcoin space that wasn’t there four or five years ago.” Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock The legacy of failed ICOs, broken tokenomics, and events like the FTX collapse have left lasting scars. Meanwhile, institutions are avoiding the risks and complexity of smaller-cap digital assets, opting instead for regulated Bitcoin exposure through ETFs and corporate treasury allocations. “It used to be more of a level playing field. That’s no longer the case,” Edwards said. “The real money is flowing into Bitcoin—and that probably continues for a while.” When Will Altcoins Wake Up? Despite the grim tone, Edwards does not dismiss altcoins entirely. He views a strong altcoin cycle as conditional—not impossible, but dependent on clear Bitcoin dominance first. Using Capriole’s Speculation Index and Crypto Breadth models, which track the relative strength and price movement of altcoins, he made a key observation: “Right now, only 5% of altcoins are above their 200-day moving average. That’s not bullish.” He compared the current setup to late 2020, when Bitcoin surged from $10K to $60K before altcoins began outperforming. That rotation required Bitcoin to first breach previous all-time highs decisively. “You want Bitcoin to hit something like $140K while alts are still underperforming. That would be the ideal setup […] that’s when capital begins rotating downstream,” he explained. Conversely, if altcoins begin pumping prematurely, while Bitcoin remains range bound, Edwards sees that as a top signal. “That’s usually the last puff of air,” he warned. Cycles Are Changing, Risks Are Evolving Beyond price action, Edwards questioned the relevance of traditional halving cycles. He argued that the impact of miners—once the primary driver of Bitcoin supply dynamics—has diminished significantly due to ETFs, corporate treasuries, and sovereign actors like Michael Saylor. “That four-year cycle is dead—or at least dramatically weaker. Miners are now just 2–3% of the total supply flow. The real drivers today are institutions,” he said. This evolution reduces the probability of 80% drawdowns and increases the risk of systemic leverage—particularly from publicly traded Bitcoin-heavy firms. While not an immediate concern, Edwards sees potential for long-term vulnerabilities if major players overextend. Edwards also discussed diversification within Capriole’s portfolio. While Bitcoin remains the firm’s core allocation, he revealed exposure to quantum computing equities like IonQ (IONQ), Rigetti (RGTI), D-Wave (QBTS), and QUBT. “I think quantum is like Bitcoin in 2015. It’s early, it’s volatile, but the long-term CAGR could be even higher than Bitcoin’s.” He added that gold also plays a strategic role, not as a replacement but as a hedge. Capriole monitors the gold-to-equity ratio closely, and its breakout above the 200-day moving average is seen as a historically bullish signal—both for gold and Bitcoin. In closing, Edwards urged investors to tune out most of the financial news cycle. “Probably 99% of headlines don’t matter,” he said. Instead, focus on game-changing shifts: Fed pivots, global liquidity expansions, and true structural reconfigurations of capital flow. “We’re wired to overreact to bad news. The key is to filter it down to a few macro drivers that actually move the market—and Bitcoin right now has those working in its favor.” Until altcoins show meaningful breadth and break their long-term resistance structures, Edwards’ message is clear: Bitcoin will soar. Altcoins won’t—at least, not yet. At press time, BTC traded at $105,557. Featured image created with DALL.E, chart from TradingView.com

Recent trends in the Bitcoin ETFs market reveal a significant shift in investor sentiment, with funds flowing into BTC exchange-traded funds while gold-backed funds experience notable outflows.  Bitcoin ETFs Emerge As Preferred Safe Haven According to a Bloomberg report, US Bitcoin ETFs have attracted over $9 billion in inflows in the past five weeks, primarily driven by BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT). In contrast, gold-backed funds have seen outflows exceeding $2.8 billion during the same time frame. Related Reading: Can XRP Market Cap Touch $1.5 Trillion? Analyst Reveals The Math Behind It This divergence in investor behavior comes as easing trade tensions have diminished demand for traditional safe havens like gold. Meanwhile, Bitcoin is increasingly being recognized as a viable alternative store of value amid growing concerns about US fiscal stability.  Furthermore, the market’s leading cryptocurrency reached a record high of $111,980, buoyed by favorable regulatory developments and rising macroeconomic uncertainty.  Although gold remains up more than 25% this year, it has retreated from its recent peaks, currently trading approximately $190 below its all-time high. BTC’s Advantages Over Gold Analysts suggest that this rotation towards Bitcoin ETFs indicates a growing acceptance of the cryptocurrency as a legitimate hedge within investment portfolios.  Christopher Wood, global equity strategist at Jefferies, expressed optimism for both gold and Bitcoin, noting their effectiveness as hedges against currency debasement in the G7 nations. However, skeptics argue that Bitcoin’s notorious volatility still undermines its position as a true safe haven. Historical instances of macroeconomic shocks have shown Bitcoin falling sharply alongside other risk assets. Yet, some experts believe that Bitcoin’s decentralized nature gives it an advantage over gold in times of financial system risks.  Geoff Kendrick, global head of digital assets research at Standard Chartered, highlighted Bitcoin’s dual role as a hedge against both private sector risks, such as the collapse of Silicon Valley Bank in 2023, and government-related concerns, including the stability of the US Treasury. Kendrick pointed out that recent threats to Federal Reserve (Fed) independence, alongside tariff escalations and broader concerns about US policy credibility, further bolster Bitcoin’s appeal. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ In addition to these factors, Bitcoin appears to be shedding its previous reputation as merely a tech-adjacent risk asset. Dilin Wu, a research strategist at Pepperstone, noted that Bitcoin’s intraday correlation with major indices like the Nasdaq, as well as with the dollar and gold, has significantly decreased.  The backdrop of growing fiscal strain has intensified the discourse surrounding these assets. Moody’s recently downgraded the US from its last triple-A credit rating, citing concerns over ballooning deficits and national debt.  This downgrade aligns the US with other ratings agencies, including Fitch and S&P Global, which already rate the country below the top tier. Despite the recent surge in Bitcoin’s popularity, gold continues to outperform on a year-to-date basis, boasting gains of about 25% compared to Bitcoin’s rise of approximately 15%. Featured image from DALL-E, chart from TradingView.com 

Bitcoin is showing signs of fatigue after reaching a new all-time high of $111,814 on May 22. Since then, Bitcoin has had multiple failed attempts to break above this level, which has led to an increase in bearish pressure. Over the past several days, price action has begun forming a sequence of lower highs on the 4-hour timeframe, which, according to technical analysis on the TradingView platform, is interpreted as a signal that bullish momentum may be losing steam.  Resistance Rejects Again With Double Top Risk The analyst behind the TradingView post highlighted the clear rejection pattern near the $111,000 to $112,000 zone, which Bitcoin has repeatedly tested since last week but has failed to break through. This repeated failure to break higher says that bullish momentum is fading fast, especially as retail buyers are now somewhat hesitant to buy at this zone. Related Reading: Crypto Market Today: 5 Bullish Catalysts To Watch That Say Bitcoin Price Is Going Higher According to the chart analysis, the current price movement is beginning to resemble a classic double top structure, which is a technical formation that often signals a shift from bullish control to bearish dominance. Given the weakening follow-through on each upward attempt, this setup could be the early signal of a more significant market reversal in the days ahead. With this in mind, the analyst illustrated this outlook with a projected zigzag path on a 4-hour candlestick timeframe chart, anticipating that another rejection from the resistance band could trigger a cascading move downward. Furthermore, these multiple rejections have led to a simultaneous weakening of support around $105,000, and this level could give way at any time soon.  Bitcoin Might Drop To $102,000 Support Zone If this projected zigzag path plays out, Bitcoin’s price could break lower in the coming days and head toward a support area located between $101,000 and $102,000. This zone comes into focus because it acted as a strong support level between May 14 and May 19. Bitcoin eventually found footing around this level to stage a rebound that ultimately pushed it to the all-time high of $111,900 reached on May 22. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next Although the bull market narrative is still dominant in the long term, the current price action has shifted the short-term tone of the market to bearish. This analysis addresses that potential, and Bitcoin could revisit the $101,000 to $102,000 before another leg up. At the time of writing, Bitcoin is trading at $105,272, down by 2.5% in the past 24 hours. The $106,800 support level has already given way, and the focus is now on holding above $105,000. If Bitcoin fails to hold above $105,000 in the coming trading sessions, it could lead to a cascading downturn towards $101,000 during the weekend. Featured image from Getty Images, chart from Tradingview.com

Lyn Alden, a leading macroeconomic strategist and financial analyst, took the stage at the Bitcoin 2025 conference with a stark warning: the US fiscal deficit is no longer a problem that can be addressed; it is an unstoppable force. Alden’s address centered around the growing structural issues within the US economy, particularly the government’s runaway spending, and the inevitable impact it will have on asset prices, especially scarce assets like Bitcoin. Bitcoin Vs. Unstoppable US Debt “Nothing stops this train,” Alden said, underscoring the severity of the situation. She went on to explain how US fiscal deficits and unemployment rates, which once moved in tandem, have begun to decouple in recent years. “Over the past several years, ever since 2017, we’ve seen a decoupling. Unemployment rates have dropped, yet the federal deficit has ballooned to 6-7% of GDP.” This shift, Alden argues, signals a new fiscal reality that is now irreversible. Alden’s analysis highlighted that this trend has been exacerbated by the pandemic, but it was already in motion long before. She pointed to historical data, emphasizing that during most periods in the past, when unemployment went up, so did federal deficits, but this pattern has now changed. “This is a new era,” Alden stated. “The decoupling of the deficit from unemployment is something that hasn’t been seen for decades.” The implications of this fiscal decoupling are significant for investors, particularly those seeking to protect their portfolios from the erosion of purchasing power caused by inflation. Alden turned her attention to the broader asset landscape, showing how gold and Bitcoin have responded to the shifting economic climate. She displayed a chart comparing gold prices to real interest rates, illustrating a strong historical correlation between the two. Related Reading: Bitcoin Warning: Bull Trap Or $270,000 Rocket? Analyst Exposes What’s Coming Gold and Bitcoin are the two primary reserve assets that compete with each other at that scale,” Alden explained. “When real interest rates are high, investors are enticed to return to the dollar and treasury system. But when those rates are not high enough to keep pace with inflation, gold and Bitcoin shine.” Alden noted that since 2022, the correlation between gold prices and real rates has broken down, a development that further complicates the economic landscape. “We’ve entered a new environment where both gold and Bitcoin have continued to rise despite rising interest rates,” she pointed out, highlighting the growing divergence between traditional financial assets and alternative assets like Bitcoin. “If you’d asked anyone five years ago whether Bitcoin could hold its ground with interest rates at 4-5%, most would have said no. Yet, here we are, with Bitcoin worth over $100,000 per coin.” Why Bitcoin Wins For Alden, this shift is not merely theoretical; it is evidence of a deeper, more entrenched fiscal dynamic. She argued that as US government debt reaches unsustainable levels, traditional methods of controlling inflation, such as raising interest rates, have become ineffective. “When they raise interest rates, they ironically increase the federal deficit at a faster pace than they slow down private sector credit growth,” she explained. “The problem is that we no longer have the brakes attached to the system. The fiscal train is moving full speed ahead, and there’s nothing in place to slow it down.” Alden also explored how the Fed’s interest rate policies are increasingly unable to control credit growth in the face of rising government debt. “In the past, when federal debt was low, raising interest rates could slow down credit growth effectively. But now, with federal debt surpassing 100% of GDP, every rate hike just accelerates the deficit.” This, she argued, illustrates the structural weakness of the current system—one where the government is forced to keep increasing its debt, as there is no viable way to unwind the fiscal burden. Related Reading: Bitcoin Up 15% in a Month, Analyst Cautions on MVRV Resistance Level In stark contrast to the US fiscal system, Alden presented Bitcoin as the ultimate hedge against these inflationary pressures. “Bitcoin is the opposite of this system,” she noted. “Unlike the US dollar, which is constantly being debased by inflationary policies, Bitcoin is an asset defined by absolute scarcity. You can’t create more of it. And that scarcity is what makes Bitcoin an attractive store of value in an era of fiat instability.” Alden also made the case for Bitcoin’s growing relevance in a world where traditional financial mechanisms are faltering. “The rules that governed the economy for the past century no longer work,” she said. “We’ve gone through the looking glass. We are in a new era where nothing can stop the fiscal train. But Bitcoin, with its transparent ledger and fixed supply, stands apart as an asset that can’t be manipulated or inflated away.” In conclusion, Alden warned that the fiscal trajectory of the US is set for the long haul. “For the next decade, we will be running very large fiscal deficits in the US, almost regardless of what else happens,” she said. “Nothing can meaningfully decelerate this trend. The only way to protect yourself is to own the highest quality scarce assets. And Bitcoin is at the top of that list.” At press time, BTC traded at $105,822. Featured image created with DALL.E, chart from TradingView.com