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
Amid the Trump-Musk online feud, Bitcoin (BTC) has hovered within the mid-and-low areas of its local price range, hitting a one-month low near the $100,000 support. However, some analysts suggest that the cryptocurrency is preparing for the “real” price jump toward a new all-time high (ATH) Related Reading: SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold Bitcoin Prepares For ‘Real Breakout’ Over the past 24 hours, Bitcoin experienced significant volatility fueled by the online feud between US President Donald Trump and Tesla and X owner Elon Musk. The flagship crypto’s price took a beating on Thursday afternoon after dropping by over 5% from the $105,000 level to the $100,000 support. Before the pullback, BTC had been attempting to reclaim its local mid-range area after its recent performance. Notably, the cryptocurrency traded sideways following its ATH rally to $111,980, hovering between the $106,800 and $109,700 price range. However, the cryptocurrency lost the key $106,800 support amid last week’s market retracement, which saw Bitcoin drop to $102,000 over the weekend. Since then, BTC has been attempting to reclaim the current levels. After yesterday’s drop, the largest cryptocurrency by market capitalization has surged 4.5%, climbing above the $104,000 level. Crypto trader Coinvo highlighted BTC’s one-year chart, pointing to the similarly looking price action between 2024 and 2025. According to the chart, Bitcoin recorded its first major pump after reclaiming its yearly opening level, consolidating within its new range for weeks before climbing to its Q1 2024 ATH. This year, the cryptocurrency has had a similar performance, although delayed, having reclaimed the yearly opening range and surging to the first major price surge in May. Similarly, analyst Alex Clay suggested that Bitcoin is preparing for the “real breakout” following its retests of the range’s mid-zone resistance in Q1 2025 and a “false” breakout last month. To the analyst, “We grabbed the liquidity below the Broken Supply Zone. Now looking for a Real Breakout” toward the $120,000 mark. BTC Price To Range For Two Weeks? The Cryptonomist noted that Bitcoin displays a 3-week bullish falling wedge formation, with the lower boundary sitting around the $101,000 level. Following the recent price drop, BTC bounced from that area, and could break out of the pattern if it reclaims the $105,000 barrier as support, targeting the $118,000-$120,000 levels. Meanwhile, market watcher Daan Crypto Trades highlighted that its price now trades at the mid-range again, near the Monthly opening price. To the trader, “it’s pretty safe to assume that these range high/lows are good triggers for whatever larger trend follows,” as BTC has been having a “relatively large move early in the month.” As he previously explained, Bitcoin tends to set its monthly high or low during the first week of the month, followed by a reversal in the opposite direction and a trend continuation until a new month begins. Based on this, he warned that if the price drops below yesterday’s lows, it will continue to trend down for another week or two, displaying “weakness and confirming a larger correction is due.” Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? Nonetheless, if price surges above the monthly highs, around the $106,700 mark, “the correction is more likely to be over and there’s a good likelihood that we head to all-time highs and beyond.” “Good chance we range around this area for a while, though, without any of these levels breaking,” he concluded. As of this writing, Bitcoin trades at $104,224, a 2.6% increase in the daily timeframe. Featured Image from Unsplash.com, 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
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
Bitcoin (BTC) is attempting to reclaim a crucial level as support, which could propel its price to its local range high. A market watcher suggests that this week’s performance could set the tone for the rest of the month. Related Reading: Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance Bitcoin Retest Eyes Massive Rally After losing the $106,800 level last week, Bitcoin has been trying to reclaim this crucial area as support. This recently lost level served as a key support for BTC following its rally to a new all-time high (ATH), with its price hovering between $106,800 and $109,700 before the market retracement. However, the flagship crypto dropped over 8% from its $111,980 high amid last week’s pullback, hitting a 10-day low near the $102,000 support over the weekend. This week, BTC has recovered the $105,000 range and surged above the $106,500 mark before being rejected from the crucial horizontal level on Tuesday morning. Despite the recent performance, Bitcoin recorded its highest monthly close in history, after ending May at $104,591, and remains within its local range between $103,000 and $110,000. Analyst Crypto Jelle noted that as the cryptocurrency tries to reclaim the $105,000-$106,000 area, the 1.618 Fibonacci level suggests the next target sits around the $130,000 barrier. Moreover, he highlighted Bitcoin’s performance this cycle, pointing out that it is displaying a similar performance to its Q4 2024 rally. Notably, the cryptocurrency recorded a trend breakout, followed by a “post-breakout chop” before surging to new highs. Jelle suggested that Bitcoin is in the second stage, after recently breaking out of its early 2025 downtrend line. He also affirmed that Bitcoin’s Power of 3 (Po3) setup is “still in play” despite the rally pause, targeting the $140,000-$150,000 level during the formation’s price expansion phase. Based on this formation, the cryptocurrency only has “one last speed bump,” reclaiming the previous ATH levels, before surging to a new high. BTC’s Direction To Be Determined Soon? Market watcher Daan Crypto Trades affirmed that the cryptocurrency will likely have an “interesting” week and month ahead, as its sideways move has allowed for “a ton of positions that have built up on both sides.” According to the trader, this suggests there will be “a lot of fuel when price starts trending and breaks out of this local consolidation.” Previously, he asserted that BTC tends to set the monthly high or low during the first week of the month, followed by a reversal in the other direction and a trend continuation until the new month. Related Reading: Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies Based on this, he considers that if Bitcoin doesn’t hold the current levels in the coming days, it could drop below the $100,000 mark, near the $98,000 support zone, before bouncing. On the contrary, a significant price jump this week could indicate a price retest of the range lows during the rest of the month. As of this writing, Bitcoin trades at $105,889, a 1% increase in the daily timeframe. Featured Image from Unsplash.com, 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
Over the weekend, Bitcoin’s price extended its disappointing performance, falling to around $103,000 in the early hours of Saturday, May 31st. While the premier cryptocurrency seems to have recovered fine in the past day, its price is still more than 6% away from the recently achieved all-time high of $111,814. Interestingly, the latest on-chain data suggests that the Bitcoin price could resume its upward trajectory anytime from now. Mass Long Liquidations Could Mean Sustained Upward Trend For BTC In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci shared that the Bitcoin market witnessed its third-largest long liquidation in the month of May. Data from CryptoQuant shows that $202 million in BTC long positions were liquidated on the Binance derivatives exchange on Friday, May 30th. Related Reading: Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image As highlighted by Kesmeci, leveraged trading and speculative pressure ramped up on the world’s largest crypto exchange as the price of Bitcoin rallied from around $94,000 to a new record high above $111,000. These long liquidations typically occur when derivatives traders are forced to close their positions as prices move sharply against them, leading to automatic sell-offs that can further trigger volatility in both directions. The latest event — involving $202 million worth of BTC long positions — is the third-largest in the past month, trailing only two larger liquidations in May: $211 million on May 12 and $277 million on May 23. This series of high-value liquidations reflects the increased speculative activity in the Bitcoin market over the past few weeks. While the investors who suffered this liquidation may feel hard done by the market, these mass liquidations could be positive for the flagship cryptocurrency — a healthy reset for what is starting to feel like an overheated market. By removing excessive leverage, the Bitcoin market can reestablish a more stable foundation for price discovery and a continued upward trend. Bitcoin Funding Rates Still Very Low: Analyst According to another on-chain analyst with the pseudonym Darkfost, the Bitcoin funding rates are still at extremely low levels. This trend signals the unwillingness and hesitation of traders to open new long positions, read the post on X. Darkfost added: Typically, when Bitcoin breaks above its previous all-time high, we tend to see a surge in funding rates, signaling that euphoria and risk appetite are back. But that’s not what we’re seeing right now, investors need more clarity before jumping in with conviction. The on-chain analyst stated that this cautious stance of investors could be positive for the Bitcoin price and the upward trend. Moreover, the lack of euphoria reflects a market that is yet to be overheated, with room for further upside growth. As of this writing, the price of BTC stands at around $ 104,897, reflecting a mere 0.2% increase in the past 24 hours. Related Reading: Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming? Featured image from iStock, chart from TradingView
The price of Bitcoin has dropped by nearly 4% over the last seven days, indicating the waning bullish momentum in the largest cryptocurrency market. This recent sluggishness has called into question the strength of the latest bull rally that saw the market leader climb to a new all-time high last week. According to an investment data platform, the price of BTC might not be done just yet with its bullish run, with the latest on-chain data suggesting room for further upside movement. Is BTC In An Overheated Market Condition Yet? Market analytics firm Alphractal took to the social media platform X to share an exciting on-chain insight into the current setup of the Bitcoin price. According to the blockchain company, the price of BTC sits in an interesting position that could profit only “attentive” investors. Related Reading: This Chart Warns Bitcoin’s Momentum May Be Running Out, Here’s Why The relevant metric here is the Sharpe Ratio, which evaluates the risk-adjusted returns of a specific asset (Bitcoin, in this scenario). This indicator basically measures how much profit an investment offers per unit of risk (considering risk is measured by volatility). A rising Sharpe Ratio typically indicates a higher risk-adjusted performance. On the other hand, when this metric is in a downward trend, it implies that the coin is in a “lower-risk zone” and profits are becoming less significant. As observed in the chart above, the Bitcoin Sharpe Ratio (blue line) has not yet reached the upper trendline (red dashed line) — a crucial level that has served as a market peak indicator in the past. The indicator suggests that the flagship is currently in a zone of medium risk, implying that the market is less prone to uncontrolled movements. Alphractal noted: The upper trend line (red dashed line) has functioned as an excellent signal for moments of excessive euphoria in the Bitcoin market. The fact that we haven’t touched this region yet indicates there may be room for additional appreciation in the current cycle. While the Bitcoin Sharpe Ratio is still away from the region that signaled the past tops of the 2013, 2017, and 2021 cycles, investors might still want to apply some level of cautious optimism in their market approach. This is especially as the metric’s current values have historically coincided with both optimistic rallies and pessimistic corrections. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above the $104,100 level, reflecting an over 1% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 3% in the last seven days. Featured image created by Dall-E, chart from TradingView
The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week. Instead, the premier cryptocurrency has succumbed to bearish pressure over the past few days, falling about 7% from its record-high price. Unfortunately, the Bitcoin price seems to be at the start of what could be a disappointing downward run over the coming weeks. The latest technical price data indicate a potential bearish trend reversal for the price of BTC, with the market leader at risk of losing its six-figure valuation. Which Technical Indicators Are Sounding The Sell Alarm? In a May 30 post on the X platform, crypto analyst Burak Kesmeci provided a technical insight into the price of Bitcoin, explaining that signs are quickly turning bearish for the flagship cryptocurrency. The online pundit projected that BTC could face a severe price downturn to around the $93,000 level in the near future. Related Reading: Halfway To Clean: Bitcoin Hits 50% Renewable Mark, Ripple Chairman Reacts Kesmeci highlighted changes in some technical indicators on the daily timeframe, suggesting that a correction might be on the horizon for the Bitcoin price. One of these indicators is the daily Relative Strength Index (RSI), a momentum indicator that estimates the speed and magnitude of an asset’s price movements. As observed in the chart above, the daily RSI is around 51 points and below the 14-day simple moving average (SMA). According to the crypto analyst, this technical indicator shift points to a weakening bullish momentum for the Bitcoin price. Kesmeci also noted that the Fixed Range Volume Profile (FRVP), which analyzes trading volume around a price region, signals a heavy trading zone around the $103,500 level. A sustained close beneath this level could lead to elevated selling pressure for the flagship cryptocurrency, the analyst said. Furthermore, Kesmeci mentioned that the AlphaTrend indicates that a second close below 106.269 may trigger a “sell” signal for the Bitcoin price. Meanwhile, the Average Directional Index (ADX) suggests that the bears are gaining the upper hand in the market. Finally, Kesmeci pinpointed the next target at the 0.5 Fibonnaci level and the FRVP Value Area Low (VAL), both of which could be considered major support zones, at around $93,000 and $91,800, respectively. Ultimately, all these technical levels suggest that the Bitcoin price may correct to the $91,000 – $93,000 bracket. Bitcoin Price At A Glance As of this writing, the price of BTC is hovering around the $104,000 mark, reflecting an almost 2% decline in the past 24 hours. Related Reading: Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support Featured image from iStock, chart from TradingView
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
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
Crypto analyst Dr. Cat (@DoctorCatX) has issued a high-stakes warning about Bitcoin’s trajectory, suggesting the market now stands at a decisive technical crossroads. In a detailed post on X, Dr. Cat challenged the widespread optimism surrounding a casual correction to $90,000, dismissing the idea as “a fairy tale” unsupported by multi-timeframe Ichimoku data. Bitcoin $90,000 Dream Is A “Fairy Tale” “To make it clear,” the analyst wrote, “the idea to casually dip to 90K and resume the daily uptrend sounds like a fairy tale to me.” According to Dr. Cat, such a move would require Bitcoin to breach no fewer than four critical support levels on higher timeframes, which he considers “so unrealistic that… [it] may come only in the dreams of someone sidelined waiting for these prices.” Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Instead, Dr. Cat identifies a narrow window of “imbalances” across the daily, 2-day, and 3-day Ichimoku indicators—most notably between $102,600 and $106,300—that remain untapped. “These are pending a touch,” he noted, pointing to the Kijun Sen and Tenkan Sen levels as crucial balance markers. The weekly Chikou Span (lagging span), a key indicator in Ichimoku theory, currently sits above prior candle closes—a historically bullish condition that suggests Bitcoin is still in a strong uptrend unless it closes below those support levels. Dr. Cat charted these historical supports using the 26-period look-back rule: approximately $103.600 for this week, rising to $108.300 by mid-June before dipping toward $99,000 by late June. “If CS has managed to keep above candles so well until now on the steepest past slope, it’s very unlikely to go below them,” he emphasized. However, the bullish case comes with a short fuse. A pivotal technical event—the bullish TK cross on the weekly chart—is expected on June 9. “But if [it’s] below ATH, it will be fake as Kijun Sen will be flat,” he warned. In plain terms: unless Bitcoin prints a new all-time high shortly after the TK cross, the signal will be invalidated. On the other hand, a new ATH post-cross would confirm what Dr. Cat calls a “super clear and bullish signal: very, very unlikely not to be followed immediately by a strong bullish continuation.” Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock Notably, he flags a divergence between BTCUSD and BTCEUR, the latter of which is already showing the Chikou Span dipping into candle territory, a neutral-to-bearish signal. “BTCEUR… looks significantly worse than BTCUSD,” he observed. “This chart is simply neutral and can go either way: much higher than here, or as low as ~70K EUR.” He attributes some of the current BTCUSD bullishness to USD weakness, adding that mid-June will likely clarify whether this price strength is structurally sound or artificially inflated. Zooming out to the monthly chart, Dr. Cat unveiled his most aggressive forecast yet: $270,000 per BTC, based on Ichimoku Price Theory’s “4E model.” While he acknowledged this as a “wild guess,” he argued that the crypto market tends to defy consensus expectations. “Plenty of people seem to be skeptical of this bull run,” he said. “And even if they expect it to continue, they bet mostly on shy/moderate targets. My bet is on the latter [being surpassed].” The next two to three weeks will be decisive. A failure to break all-time highs in June—combined with Chikou Span weakness or daily trend breakdowns—could signal a prolonged cool-off into Q4. Until then, all eyes are on the weekly TK cross and the market’s reaction. At press time, BTC traded at $108,783. Featured image created with DALL.E, chart from TradingView.com
Amid the market’s momentary pause, Bitcoin (BTC) has seen a 2% price drop in the past 24 hours. The largest cryptocurrency by market capitalization has been hovering between key resistance and support levels, with some analysts suggesting that volatility could be in BTC’s short-term future. Related Reading: Ethereum Ready For $3,000 Breakout? Analysts Say Sideways Action Is About To End Bitcoin Price Consolidates Near ATH On Wednesday, Bitcoin, alongside the rest of the crypto market, saw a small retrace ahead of the Federal Open Market Committee (FOMC) release of the May 6 and 7 Meeting Minutes. The flagship cryptocurrency dropped 2.7% from the $110,000 Daily Opening to a multi-day low of $107,107, suggesting a cautious approach from investors. Notably, Bitcoin has seen a significant 15% rally over the past month, hitting a new all-time high (ATH) of $111,953 nearly a week ago, and recovering around 50% from April lows. Since reaching its new ATH, Bitcoin has moved sideways, trading between the $106,800-$109,700 levels. Despite the small retracement, analyst Crypto Jelle considers that Bitcoin’s trend into price discovery remains “intact,” pointing out that price has been consolidating above the previous highs. Per the chart, the cryptocurrency is currently forming a symmetrical triangle pattern in the lower timeframes, with the upper boundary sitting between the $109,00-$110,000 mark. To Jelle, the cryptocurrency is “building pressure for the next leg higher,” with a breakout propelling the cryptocurrency to another 30% rally. The analyst previously highlighted a Power of 3 (Po3) formation in BTC’s chart, suggesting that its price expansion targets the $140,000-$150,000 level after reclaiming the new ATH resistance. Ali Martinez stated that BTC remains “range-bound” despite today’s price drop, but added that the range’s low is the key level to watch. He warned that a breakdown below the $106,800 support could trigger increased volatility, which might send BTC’s price to lower levels. BTC Retest To Trigger Volatility? Titan of Crypto also affirmed that Bitcoin currently sits at a key level. According to the market watcher’s analysis, BTC is “still hovering around the daily Tenkan,” which is the level to watch during the potential volatility from the FOMC Minutes. A breakdown from this support zone could send the cryptocurrency’s price to the next key support at around the $102,700 mark. On the contrary, holding the current levels could set the stage for a new retest of the range’s upper boundary. Meanwhile, Daan Crypto Trades noted that as Bitcoin consolidates near ATHs, BTC-based exchange-traded funds (ETFs) have seen significant inflows over the past few weeks, recording their second-best performance last week. As he explained, one of the cycle’s better “indicators” to determine strength or weakness at local tops or bottoms has been the ETF flows, detailing that, generally, big inflows after a big run, while BTC’s price doesn’t continue its rally, have suggested a local top. Related Reading: Bitcoin (BTC) To Continue Price Discovery Rally If It Holds These Levels – Analyst To the trader, “it is important for the bulls to get that move going quickly because getting billions of inflows without proper price progress isn’t generally the best,” adding that “for the effort that’s put in and an ATH break, you’d want to see more.” Daan considers that if the massive inflows stop and BTC’s price holds, then its short-term performance will likely continue. However, if price doesn’t hold its current range, “we might need to see a bit of a flush & panic first before the proper breakout move.” As of this writing, Bitcoin trades at $107,700, a 1.6% decrease in the weekly chart. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin is currently changing hands just above $108,000, consolidating after Tuesday’s fresh all-time high. Charles Edwards, founder of the digital-asset hedge fund Capriole Investments, believes that price could be at least 50% higher by November. In his latest market note, “Saddle Up,” released on 27 May, the manager argues that a rare confluence of macro, technical and on-chain factors has created “the most bullish technical setup we could ask for for Bitcoin at all-time highs.” Bitcoin 50% Rally Is “Conservative” Edwards first set the stage for the call in late April, when Bitcoin was trading near $93,000. “We noted the bullish Bitcoin setup and expectation to be ‘pushing new all-time highs […] quite soon’,” he recalled. One month later the market has risen 16%, validating that view and, in Edwards’s telling, clearing the decks for the next leg higher. Central to the thesis is what Edwards dubs the “Hard Asset Era.” A breakout in the Gold-to-S&P 500 ratio above its 200-week moving average signals that investors are again favouring scarce stores of value over equities. Historically, such regimes are “sticky,” he writes, adding that the ensuing outperformance of gold over stocks has ranged from 150% to 650% in past cycles. “If you think gold has already rallied a lot, think again,” Edwards said. On that analogue, Bitcoin — which tends to lag gold by several months — could be poised for even steeper gains. Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Recent policy changes have underpinned the rotation. Basel III rules elevated gold to Tier-1 reserve status in 2022, forcing banks to back paper positions with physical metal, while last year’s approvals of spot-Bitcoin exchange-traded funds opened institutional flood-gates to the cryptocurrency. Washington’s creation of a Strategic Bitcoin Reserve in early 2025 provided an additional layer of state-level legitimacy. Against the same backdrop, persistent inflation, tariff frictions and the precedent of freezing Russian foreign-exchange reserves have catalysed demand for politically neutral assets. Bitcoin Technicals And Fundamental From a market-structure standpoint, Bitcoin’s April slide to $75,000 and sharp recovery above $90,000 is described as a text-book “fake-out” — a failed breakdown that often precedes powerful upside trends. The weekly close reclaim above $90,000 “marked the start of a new trend,” Edwards contends, making the $104,000 level the first line of defence. “As long as price is above $104K, this is the most bullish technical setup we could ask for,” he wrote, reducing near-term risk management to a single number. Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock Capriole’s machine-learning-driven Bitcoin Macro Index, which blends more than 100 on-chain, macro and equity-market variables, continues to register in “bullish growth.” Apparent demand (production minus dormant supply) has turned positive, US liquidity remains supportive, and Capriole’s new “Volume Summer” metric shows trend-confirming expansion in trading activity. Taken together with the historical three-to-five-month lag between gold breakouts and Bitcoin rallies, the firm argues that “a 50 %-plus rise over the next six months is a conservative target.” Policy Wild-Cards The clearest threats to the projection lie on the policy front. Edwards highlights a 30- to 60-day window for the United States to strike tariff compromises with China and the European Union; failure could dent risk appetite. He also warns that the flourishing “Bitcoin-treasury arbitrage” — whereby corporates issue low-cost debt to accumulate BTC — could amplify downside in a future deleveraging, though leverage levels remain manageable for now. For the moment, however, the combination of a hard-asset bull cycle, confirmed technical strength and improving fundamentals keeps Capriole “very optimistic about the mid- to long-term potential for both gold and Bitcoin.” As long as the market holds above that $104,000 weekly pivot, Edwards suggests investors should — in his own closing words — “saddle up.” At press time, BTC traded at $108,005. Featured image created with DALL.E, chart from TradingView.com
Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure. Long-Term Holders Accumulating With Minimal Spending According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price. In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders. This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024. Why It’s Bullish For The Market The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily. What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000. At the time of writing, Bitcoin is trading at $109,000. Featured image from Getty Images, chart from Tradingview.com
Samson Mow, a Bitcoin expert and the Chief Executive Officer (CEO) of JAN3, a BTC-focused infrastructure firm, has shared a striking take on the current valuation of the flagship cryptocurrency. According to Mow, Bitcoin is still far from its full potential and, in his view, should already be priced at $10 million per coin. Why Bitcoin Is Not Worth $10 Million Yet In a recent post on X (formerly Twitter), Mow stated, “If the world understood Bitcoin, we would be at $10 million a coin now.” This comment reflects his belief that Bitcoin’s true value is heavily undervalued and underestimated. Related Reading: Massive $200 Million Sell Wall Holds Bitcoin At $111,000 And $113,000 – Here’s What We Know For Mow, BTC is more than just a coin to trade; it is a revolutionary asset that could shake up the foundations of the current financial system. With its capped supply, decentralized nature, and consistently growing value, many even believe that BTC has the potential to act as a global reserve currency. Yet despite growing adoption and visibility, Mow argues that most people in the world, including institutions, policymakers, and retailers, still do not fully comprehend Bitcoin and its implications. According to the JAN3 CEO, this knowledge gap is what is holding Bitcoin back from achieving the massive price surge that he and many other long-term advocates anticipate. While the $10 million mark remains speculative for now, Mow’s remarks reflect a wider sentiment among Bitcoin enthusiasts who see the current price as just the beginning. For example, top Bitcoin supporters and investors like Michael J. Saylor, the founder of MicroStrategy, have shared similar views, predicting an explosive rise in Bitcoin’s value to $10 million by 2035. Likewise, Matt Hougan, Bitwise’s Chief Investment Officer (CIO), has voiced strong confidence in Bitcoin reaching the $1 million mark. He believes this milestone could realistically be achieved within the next five years. Demand For BTC Surges Among Institutions And The Wealthy With the growing belief that the Bitcoin price will only continue to rise in the long term, social media reports indicate a significant surge in interest and demand among financial institutions and the wealthy. Notably, Saylor, one of the biggest advocates for Bitcoin, has long been accumulating the cryptocurrency in hundreds of thousands. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going Donald Trump, the United States (US) President, has also been a public supporter of Bitcoin, with reports revealing that he is actively buying the flagship cryptocurrency. Even investing legend and hedge fund manager Hugh Henry disclosed earlier this month that he intends to sell his $35 million house to buy $10 million worth of Bitcoin. Binance CEO Richard Teng also announced that the wealthy are showing significant interest in the leading cryptocurrency. He revealed that sovereign funds and high-net-worth individuals are now purchasing BTC like never before. This growing accumulation by institutions and the rich signals strong confidence in BTC’s long-term value and sustainability. Featured image from Getty Images, chart from Tradingview.com
As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of nearly $112,000, crypto analyst Cyclop has shared intriguing forecasts regarding the cryptocurrency’s future performance. Will Bitcoin Break Its All-Time Highs Again In a post on social media platform X (formerly Twitter), Cyclop projected that Bitcoin’s next peak is expected between November and December 2025, with the bull market concluding around February to March 2026. Additionally, he anticipates an altcoin rally during the summer and fall of 2025. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Cyclop elaborated on the cyclical nature of cryptocurrency markets, noting that while many investors are excited, only a small percentage typically profit. The analyst attributed this discrepancy to what he calls “crowd manipulation,” where the majority of investors often misinterpret market signals, believing it’s either too late or too early to invest. The Impact Of Halving Events To provide clarity on market cycles, Cyclop referenced historical data, highlighting previous Bitcoin cycle highs: $1,242 in November 2013, $19,891 in December 2017, and $69,000 in November 2021. The analyst pointed out that in both the 2017 and 2021 bull markets, peaks occurred exactly 29 months before Bitcoin’s Halving events, a pattern that repeats with remarkable consistency. Moreover, he analyzed the duration and severity of bear markets, noting that the downturns in 2018 and 2022 lasted exactly 12 months, with retracements of 84% and 77%, respectively. These similarities suggest that while each cycle may exhibit minor variations, the overarching patterns remain largely unchanged. Related Reading: Crypto Analyst Predicts XRP Price Could Shoot To $12 Soon Cyclop also observed that Bitcoin has historically broken its all-time highs seven to eight months following halving events, a trend that continued in the latest cycle. Despite numerous changes in the cryptocurrency landscape, such as increasing mass adoption and evolving macroeconomic conditions, the expected bull run for this cycle appears to be extending slightly longer than its predecessors, with the peak anticipated in late 2025. At the time of writing, BTC is trading at $108,600, marking a modest 3% decline from its all-time high of $111,800, which was reached last week. Year-to-date, the market’s leading cryptocurrency has gained 56%, trailing only XRP, which has gained 337% in the same period. Since Thursday’s peak, BTC retraced to the $106,700 mark, but it has since attempted to consolidate between $108,500 and $109,000, potentially moving toward new highs. However, the $110,000 level could act as a new resistance wall for the Bitcoin price, as many traders see an opportunity to short the asset, expecting further pullbacks that will allow them to liquidate late long positions. It remains to be seen how BTC’s price will perform in the coming days, as this new stage of price discovery could introduce volatility for market investors and perhaps allow altcoins to flourish. Featured image from DALL-E, chart from TradingView.com