THE LATEST CRYPTO NEWS

User Models

Active Filters
# btc price
#bitcoin #btc price #bitcoin price #btc #glassnode #bitcoin news #peter brandt #btcusd #btcusdt #btc news

Bitcoin’s price action has broken above $96,000 in the past 24 hours, strengthening the case for a sustained move into six-figure territory. This recent price action is particularly significant as it marks a clean breakout above a key on-chain resistance zone stretching from $93,000 to $95,000, which many analysts believe could determine whether Bitcoin’s next leg takes it into six-figure territory.  Supporting this momentum is a long-term technical outlook by renowned trader Peter Brandt, who projected that Bitcoin remains on course to set new all-time highs, with a potential price peak exceeding $150,000 on his projected timeline. Peter Brandt Maps Timeline For $150,000 Bitcoin Top With Parabolic Structure Veteran trader Peter Brandt shared a weekly candlestick Bitcoin price chart on social media, highlighting a path toward $150,000 by late summer 2025. According to Brandt’s post on social media platform X, Bitcoin is currently trading below a parabolic trendline that is key to the final leg of the current bull cycle. Interestingly, this parabolic trendline has served as an upper resistance for Bitcoin’s price peaks and all-time highs since 2021.  Related Reading: Bitcoin Price Prediction: The Last Leg-Up That Confirms A Resounding Rally To $150,000 Brandt’s chart captures a variety of classical technical formations, including multiple head and shoulders patterns, expanding triangles, and consolidation wedges. The breakout from the recent wedge pattern serves as his basis for suggesting that the bull market is structurally intact. According to his projection, the parabolic slope that Bitcoin needs to overcome currently sits around the $120,000 mark. A decisive breakout above this threshold would set the stage for a run-up to a cycle top. Brand noted that this cycle top would be between $125,000 and $150,000, and the timeline is by August or September 2025. On-Chain Indicators Reveal Pressure Points Around $93,000 To $95,000 On-chain data from on-chain analytics firm Glassnode shows that Bitcoin is currently testing the convergence of two critical resistance points: the 111-day simple moving average, which now sits at $91,300, and the short-term holder cost basis, which sits at $93,200.  Related Reading: Bitcoin Price: Analyst Peter Brandt Says BTC Still Bearish Unless This Happens Notably, Bitcoin’s price structure has confirmed a higher high relative to a high of $94,000 in early May, effectively breaking the downtrend from early April. This suggests that the market may be shifting into a more aggressive accumulation phase. However, this region also represents a significant cluster of previously bought coins, meaning investors underwater during earlier pullbacks now find themselves near break-even. This could cause increased sell-side pressure if some traders take profit or exit at breakeven. Meanwhile, long-term holders continue to exhibit strong HOLDling behavior, with realized profits exceeding 350% for many. In fact, over 254,000 BTC have crossed the 155-day threshold since Bitcoin’s recent local bottom, indicating that a significant portion of the supply is maturing into long-term holdings. Many of these coins were acquired at prices above $95,000.  Although current momentum clearly favours the bulls, the $93,000 to $95,000 range is a major battleground that could define Bitcoin’s trajectory in the months ahead of reaching Peter Brandt’s target of $150,000. At the time of writing, Bitcoin is trading at $96,635. Featured image from Pexels, chart from Tradingview.com

#ethereum #bitcoin #btc price #crypto #eth #bitcoin price #btc #cryptocurrency #bitcoin news #btcusd #btcusdt #btc news #ethusd #btcusd price #bitcoin technical analysis #crypto analyst

The market’s largest cryptocurrency, Bitcoin (BTC), is once again nearing the $100,000 milestone, following a significant rally that has seen the cryptocurrency reach its highest price since late February.  After experiencing downward pressure attributed to Donald Trump’s tariff policies, which triggered a sell-off across both the stock and digital asset markets, Bitcoin’s resurgence showcases a renewed bullish appetite among investors. Bitcoin Rebounds With $3.2 Billion In ETF Inflows To close the first quarter of the year, Bitcoin faced a steep decline, dropping as much as 30% toward $74,000 after hitting a record high of approximately $109,000 on January 20, coinciding with Trump’s second inauguration as President of the United States.  However, the market has seen Bitcoin climb as much as 3.1% to reach a weekly high of $97,483, marking the highest level since February 21. The last time Bitcoin crossed the $100,000 threshold was on February 7.  Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares This upward movement comes amid a shift in market dynamics, particularly in the spot markets, where demand has increased. This suggests a transition towards momentum trading, rather than the previous trend driven primarily by macroeconomic factors such as inflation and tariffs. Exchange-traded funds (ETFs) tracking Bitcoin and Ethereum (ETH) have attracted significant inflows, with over $3.2 billion entering the market last week alone. Notably, BlackRock’s Bitcoin Trust ETF (IBIT) recorded nearly $1.5 billion in inflows, marking its highest weekly intake for the year, according to data from Bloomberg. ETH Eyes Recovery Toward $2,000 Demand for upside options has also surged in the market, with call options at the $100,000 strike price exhibiting the most open interest across various expiration dates, according to Coinglass and data from the largest crypto options exchange, Deribit. “Market sentiment has broadly shifted in favor of momentum-based trades fueled by spot demand, as BTC breaches levels not seen since early February,” stated Chris Newhouse, director of research at Ergonia, a decentralized finance (DeFi) trading firm.  “BTC continues to shift between correlations with gold and equities, highlighting a more nuanced relationship with macroeconomic factors balanced by short-term momentum and spot demand,” Newhouse further told Bloomberg. Related Reading: XRP Price Macro Channel Breakout That Puts Targets At $17-$55 Ethereum, on the other hand, has shown a steady recovery over the past week, reinforcing its status as a key player in the decentralized finance sector and smart contract platforms, and regaining the foothold lost in the first quarter of the year. Improvements from Ethereum’s scalability upgrades, including the transition to Ethereum 2.0, have boosted performance and made the platform more attractive to developers and users. However, this has not translated into year-to-date gains for the second largest cryptocurrency compared to its peers, with losses of up to 36% over the period. Despite this, the price of ETH has seen a 14% surge in the fourteen day time frame, regaining the $1,800 level as a key support to boost the potential for further recovery towards $2,000. Featured image from DALL-E, chart from TradingView.com

#bitcoin #btc price #microstrategy #michael saylor #bitcoin price #btc #bitcoin news #btc news #strategy

In a explainer video, Joe Burnett, Director of Market Research at the Bitcoin-native financial services firm Unchained, dissects what many retail traders still perceive as a paradox: how Strategy (formerly MicroStrategy) can accumulate “tens of thousands of Bitcoins” without catapulting the spot price into a vertical climb. Burnett’s core argument is that Michael Saylor’s billion-dollar shopping sprees are not the direct injection of fresh demand they appear to be, but rather a sophisticated reallocation of existing exposure within the Bitcoin ecosystem. Why Is Bitcoin Not Skyrocketing? Burnett opens by reminding viewers that Bitcoin’s explosive move “from the $16,000 lows of 2022 to $95,000 today” has historically been accompanied by the awakening of dormant supply. He points to on-chain “hodl wave” data, noting that when price accelerates, “older coins start to move,” a signal that seasoned holders are willing to part with inventory into strength. Those coins, he says, “transfer…to new hands,” a cohort he defines broadly as “Strategy, ETF buyers, institutions, nation-states, and of course, more individuals.” Strategy sits squarely in that cohort, yet Burnett stresses that the software company’s trading style is calibrated to minimize market disturbance. “They use a disciplined, patient strategy, placing thousands or even millions of small buy orders over several days,” he says, quoting Saylor’s own public comments that the firm prefers letting “sellers come to them without bidding against themselves.” The tactic allows long-term, arguably less-price-sensitive holders to exchange coins for cash without triggering runaway order-book imbalances. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto The video’s analytical pivot arrives when Burnett introduces what he calls an “additional theory” on why Strategy’s purchases fail to ignite parabolic price action: the funding structure. He unpacks it with a simple but pointed analogy. “If you sell one Bitcoin on Kraken and buy one Bitcoin on Coinbase, what happens to the price? Nothing,” he states. “That’s an economically neutral trade.” According to Burnett, Strategy’s balance-sheet maneuvers replicate that neutrality on a corporate scale. When the firm raises cash by issuing new equity, “someone buys that stock instead of buying Bitcoin,” Burnett explains. Strategy then turns the equity proceeds into spot BTC. “Net effect? A shift in exposure. No net new demand.” The same mechanics, he argues, apply to the company’s convertible-note programs. Hedge funds that subscribe to the notes simultaneously hedge by short-selling MSTR shares, expanding float rather than siphoning dollars from unrelated asset classes. “In both cases… the dollars that flow into Bitcoin are first pulled out of a Bitcoin proxy, MSTR shares,” he says, underscoring the zero-sum nature of the flow. New Demand Is Needed Burnett likens the dynamic to the cash migration that followed the launch of US spot Bitcoin exchange-traded funds in early 2024. Billions poured into products from BlackRock and Fidelity, but “billions also flowed out of GBTC,” he notes, leaving aggregate demand for Bitcoin largely unchanged: “From A to B. Not new demand.” Related Reading: Bitcoin Demand Momentum Yet To Recover From Deep Negative Zone, Analyst Says What, then, would constitute price-moving capital? Burnett’s answer is unequivocal: money that “enters Bitcoin without exiting another Bitcoin proxy.” He cites hypotheticals ranging from Apple’s treasury to sovereign wealth funds, or individuals reallocating real-estate and bond holdings directly into BTC. Against that benchmark, Strategy’s transactions look more like intra-system plumbing than fresh inflows. None of this, Burnett emphasizes, should be read as criticism of Saylor. He calls the Strategy chairman “a world-class Bitcoin educator” whose accumulation strategy is “brilliant.” Yet the market impact, Burnett cautions, “is more nuanced than [it may] appear.” In fact, he suggests that the upcoming Saylor-branded STRF funds—which target fixed-income investors rather than equity buyers—could deliver the genuine outside capital that finally “sends the price of Bitcoin parabolic.” Until such exogenous demand materializes, the Bitcoin market is likely to keep absorbing Strategy’s billion-dollar bids with surprising calm. In Burnett’s words, “Saylor can buy a lot of Bitcoin without moving the price much because he’s buying from long-term wealthy holders and doing so in a way that minimizes short-term price impact.” For traders who expected fireworks each time the software company files a new 8-K, that explanation may prove as sobering as it is illuminating. At press time, BTC traded at $94,971. Featured image created with DALL.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news

The Bitcoin price seems to have hit an important make it or break it point that will determine the next course of action. While sellers seem to be running out, there is still enough pressure to keep the bulls at bay. This continuous beating down of the Bitcoin price, as well as its failure to make a notable break above resistance at $95,800 in the last few days, suggests there is more to be done. So, what happens when Bitcoin does make a definite breakout? Bitcoin Price Could Sweep Liquidity At $93,000 With the Bitcoin price being beaten down, there is the possibility that the cryptocurrency could fall a bit further before resuming its uptrend. This was explained by crypto analyst TehThomas on a TradingView post, mapping out the possible directions of Bitcoin, with both hinging on two major levels. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The first of the major levels mentioned was the resistance at $95,400-$95,800 that has been holding back the Bitcoin price from its campaign for $100,000. The analyst explains that this has become an important level to beat, given the fact that it has rejected the price multiple times already. As a result, there has been the formation of a range just underneath this resistance level as bulls seem to be backing down. However, regardless of the loss in momentum, the crypto analyst explains that the broader trend structure is still the same. This means that the Bitcoin price is still bullish, especially with a higher timeframe ascending trend line and the formation of higher lows recently. The one roadblock faced by the Bitcoin price from here is the possibility of it falling to do a liquidity sweep at the $93,000-$93,800 levels. A successful sweep and a rebound from here would see adequate absorption of liquidity, which would be used to fuel a higher price rise. Thomas explains that “This zone is confluenced by the ascending trendline from previous swing lows, offering a clear area for a liquidity sweep.” Bullish Or Bearish Scenario Next? In terms of where the Bitcoin price is headed next, it comes down to the liquidity sweep and if resistance is broken. As Thomas explains, a drop to the $93,000-$93,800 level for liquidity is most likely at this point to sweep out late longs and introduce fresh liquidity into the market. “A dip into this level that still respects the trendline would maintain bullish structure despite violating the local higher low.” Related Reading: Ethereum Price Completes Structure Break As Buyers Take Control, Why A Surge Above $4,400 Is Possible On the flip side, if the Bitcoin price were to fall lower than $93,000, then the sweep could be unsuccessful. This would lead to a break in the bull structure and likely cause the price to collapse further. “In the worst case scenario possibly invalidating the breakout thesis temporarily.” Featured image from Dall.E, chart from TradingView.com

#bitcoin #btc price #crypto #bitcoin price #btc #cryptocurrency #bitcoin news #btcusd #btcusdt #crypto news #btc news #bitcoin chart

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

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btc news #strategic bitcoin reserve

Sebastian Bea, president of Coinbase Asset Management, believes a technical change to the way Washington accounts for its gold could unlock enough budget-neutral capital for a strategic Bitcoin purchase approaching $100 billion—years ahead of market expectations. In a 40-minute appearance on The Scoop with Frank Chaparro released Wednesday, Bea framed the idea as hiding in plain sight. “Sometimes the ideas are so big that people either can’t hear them or don’t want to hear them,” he said at the top of the interview. “But they’ve got to listen to this one.” By statute, the 261.5 million-ounce US gold hoard is still recorded at $42.22 per ounce—a valuation fixed in 1973. At Wednesday’s spot price of roughly $3,303, the gap between book value and market value is almost $900 billion. “So today, because of law, the US government still values gold that it holds in Fort Knox at $42 and change,” Bea noted. “If they were to just mark that to market, that’s an incremental 900 to … I heard a billion to a trillion dollars.” From Mark-To-Market To Bitcoin Bea’s central contention is that Congress could pass a short bill amending 31 U.S.C. § 5117, re-strike higher-denomination gold certificates, and credit the revaluation gain to a sovereign-wealth-style account at Treasury in line with US president Donald Trump’s executive order for a strategic Bitcoin reserve—without adding to headline federal debt. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto “When the revaluation occurs, that creates a $900 billion mark-to-market gain, which the Treasury could then take […] in a budget-neutral manner to go and buy a variety of things. We think probably including Bitcoin,” he said. His arithmetic mirrors Senator Cynthia Lummis’ BITCOIN Act, introduced earlier this year, which directs Treasury to acquire one million BTC (around $100 billion at prevailing prices) over five years while remaining deficit neutral. Bea argued that a US purchase of that size—about 5.5% of Bitcoin’s $1.8 trillion market capitalization—would almost certainly prompt other states to respond. “It’s hard to see a situation where other governments don’t feel compelled in some way to measure up,” he said, adding that the dynamic could resemble the “competitive situation” in gold, where central banks bought a record 1,037 tonnes last year. Related Reading: Bitcoin’s Net Taker Volume Turns Positive, New All-Time High Incoming? Central bank demand for gold is motivated by “the overall level of debt that they see and the concerns around the global economy,” Bea said. “So does it seem so crazy to maybe save in some Bitcoin at, say, a ninety-to-ten ratio, given the whole world is going online?” How Soon Is ‘Sooner Than Expected’? Bea would not commit to a precise timetable but told Chaparro that the legal change “could be this year.” He suggested the trigger could come from legislators seeking an offset for new outlays—or from Treasury itself if political momentum builds behind the Lummis bill. “As soon as you understand the pipes of how banks and how the government works,” he concluded, “you realize they can revalue gold and buy Bitcoin and still be budget neutral. And once that’s on the table, it’s really just a matter of political will.” At press time, BTC traded at $93,422. Featured image created with DALL.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news #tony severino #bitcoin raging bull indicator #bitcoin's net taker volume

Bitcoin continues to show signs of resilience at the $95,000 region, pushing higher from recent lows and attempting to reclaim its bullish structure after a volatile April. The monthly candlestick for April on the CME Futures chart currently presents a strong bullish engulfing formation, which, if sustained into the weekly close, could provide the market with bullish momentum to close May with another bullish candle. The potential of this bullish close is enough to sway the sentiment among bearish proponents, according to crypto analyst Tony “The Bull” Severino. Raging Bull Tool Flashes Signal On CME Futures Bitcoin’s price action over the past two weeks has been positive and has seen an otherwise waning bullish sentiment slowly creeping back among crypto traders. Interestingly, this price action has even seen Bitcoin’s net taker volume turn positive for the first time in a while. Although the trend is still in its early stages, the renewed strength is already beginning to soften some of the more bearish outlooks, especially as key indicators start to turn. Related Reading: Bitcoin Price Confirms Breakout To $106,000 As Technicals Align Tony “The Bull” Severino, a well-followed crypto analyst, recently revealed on social media platform X that his proprietary “Raging Bull” indicator has turned back on. However, this indicator has turned back on only on the Bitcoin CME Futures chart, not the spot BTC/USD chart.   The divergence between CME Futures and the spot chart, with only the former flashing this bullish signal, has added complexity to Bitcoin’s current outlook. The Raging Bull tool, which uses weekly price data, is designed to identify early stages of powerful upward movements. According to Severino, the appearance of this signal, despite his bearish stance, suggests a meaningful shift in market structure may be developing. However, he was quick to add that a confirmed weekly close is still necessary before any firm conclusions can be drawn.  Breaking Above This Level Is Key Examining the monthly chart shared by the analyst, the bullish engulfing candlestick is clearly visible following a sharp rebound from April’s lows below $83,000. Bitcoin began the month of April at around $83,000, but a swift downturn in the first few days pushed the price downward until it bottomed out at around $75,000. However, the current April candle not only erases March’s losses but also indicates increased interest in Bitcoin from institutional traders on the CME platform.  Related Reading: Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target Still, despite the encouraging candlestick formation, Bitcoin must decisively break above the $96,000 to $100,000 region, where previous uptrends have stalled. This level is acting as a ceiling that could determine whether the recent bullish momentum continues or stalls. A failure to close above this range, either on the weekly or monthly timeframe, could invalidate the Raging Bull signal.  Additionally, the Raging Bull indicator needs to turn back on the spot BTCUSD chart to confirm a strong bullish outlook. This can only be done if Bitcoin manages to break substantially above $96,000. At the time of writing, Bitcoin is trading at $94,934. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #donald trump #bitcoin news #btcusd #btcusdt #btc news #m&a #moving average #golden cross #merlijn

The Bitcoin price has just printed a rare Golden Cross on the weekly chart — a technical signal that historically appears once every market cycle. This Golden Cross has previously preceded some of Bitcoin’s most explosive bull runs, and analysts are eyeing its return as a sign that the next bullish leg up could be near. A Golden Cross occurs when a shorter-term Moving Average (MA), usually the 50-week MA, crosses above a longer-term one, like the 20-week MA. In the crypto world, this technical formation is perceived as a significantly bullish indicator that often leads to a long-term trend reversal or the start of a new uptrend. While the signal alone doesn’t guarantee gains, Bitcoin’s price history suggests it’s one worth watching closely.  Bitcoin Price Flashes Super Rare Golden Cross According to ‘Merlijn The Trader’, a crypto analyst on X (formerly Twitter), the Bitcoin price has just flashed a Golden Cross, one that has only been seen three times in the past decade. Each time Bitcoin has printed this Golden Cross, it has undergone a parabolic move upwards.  Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says In 2016, Bitcoin recorded a massive surge of 139% after flashing a Golden Cross on its price chart. Similarly, in the 2017 bull cycle, the flagship cryptocurrency underwent another crossover, which led to an astonishing 2,200% increase, marking one of its most parabolic rallies and capturing the attention of the world.  In 2020, during the historic bull market that led to Bitcoin’s global exposure and dominance, the same Golden Cross pattern was formed. Following this, Bitcoin recorded a 1,190% rally, pushing its price to its then all-time high near $69,000 in 2021.  Now, in 2025, five years after the previous Golden Cross appearance, Bitcoin has once again printed this powerful signal and could be on the verge of another historic rally. The analyst’s price chart shows the crossover forming clearly, with many comparisons to the previous cycle setups  While the exact percentage price increase this time remains unknown, the consistency of the pattern has sparked the analyst’s prediction that Bitcoin may be gearing up for a powerful rally above $200,000.  Analyst Predicts BTC’s Next ATH Target In another similarly bullish Bitcoin price analysis, Crypto Caeser, an analyst on X, has projected that the flagship cryptocurrency will soon hit a new ATH this cycle. While many suggest that the Bitcoin price surge above $109,000 during US President Donald Trump’s inauguration was its market top, a significant portion of the community still expect a rally to a higher peak before a bear market.  Related Reading: Bitcoin Sees Highest Exchange Outflows In 2 Years, What This Means For Price Sharing a Bitcoin price chart that outlines its possible bullish trajectory, Crypto Caeser predicts that the flagship cryptocurrency could be heading to a “weak high” of $110,000. The analyst has pinpointed a key support zone around $90,000, emphasizing that this was the most optimal price level for maximum buying. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #bitcoin price prediction #bitcoin news #btc news

In a live interview on CNBC’s Squawk Box on Monday, Peter Chung, Head of Research at quantitative trading firm Presto, reaffirmed his conviction that Bitcoin can reach $210,000 before the end of 2025, arguing that the asset is evolving into a macro-level refuge during moments of stress in the global financial system. Bitcoin Set To Go Parabolic “We have not changed our market outlook,” he began in the opening seconds of the interview. “Bitcoin target price remains $210,000, driven by institutional adoption and the global liquidity expansion.” He emphasized that the same framework underpins Presto’s valuation of Ether, adding: “For ETH our target price was based on the ETH-to-BTC ratio, which was 0.05. We still maintain that as well, reflecting the community’s efforts to address the value-leakage problem.” Related Reading: Bitcoin’s Net Taker Volume Turns Positive, New All-Time High Incoming? Chung pushed back on suggestions that the pullback earlier this year invalidates the model: “Granted, not everything turned out the way we expected so far this year—especially the macro outlook and the market reaction to it—but in hindsight it was actually a healthy correction that has paved the way for the further re-rating of Bitcoin as a mainstream asset.” Within Presto, he said, the dominant task this month has been “trying to figure out whether anything is broken in the market—be it confidence or some kind of global order—and how these assets are positioned in people’s portfolios.” Their conclusion: nothing systemic has fractured, leaving the secular drivers intact. The longest exchange came when the anchors asked why gold surged in April while Bitcoin initially lagged. Chung offered a granular taxonomy of Bitcoin’s behavior: “Bitcoin has two faces: digital gold and a risk-on asset. Most of the time Bitcoin behaves like a risk-on asset […]. But it’s during a crisis that Bitcoin behaves like gold […]. These moments are rare. They happen only when the market has doubts about the stability of the US-dollar-dominated financial system […] and that’s what we saw in the month of April.” Asked to identify the most statistically significant input behind the $210,000 figure, Chung pointed to what he called “global liquidity expansion,” a variable that Presto tracks through the balance-sheet trajectories of major central banks and large sovereign wealth funds. Although money-supply growth has slowed in the United States, it has re-accelerated in China and, more recently, in the euro area—a pattern that Presto believes will leak into crypto markets through cross-border flows. Related Reading: Bitcoin Trades At 40% Discount As ‘Triple Put’ Unfolds: Hedge Fund Founder He also underlined the role of institutional order-flow data, which the firm credits for spotting the 2024 rally. “The proportion of block trades above $10 million in Bitcoin perpetual futures,” he noted off-camera, “is back above 7 percent of total volume for the first time since November 2023.” Why $210,000 Is Not ‘Optimistic’ Although the round number draws headlines, Chung argued that $210,000 is conservative relative to historical adoption curves: “If you map Bitcoin’s network-effect data onto the monetisation path of the internet between 1994 and 2007, you arrive at levels far above $210,000. We chose that figure precisely because it balances tail-risk and liquidity constraints. It is not a moon-shot; it is the median outcome in our distribution.” Still, he conceded that the path is unlikely to be linear: “Our mission is not to be prophets of the exact week or month; our mission is to determine whether anything in the structural thesis—scarcity, decentralisation, adoption—has broken. So far, nothing is broken.” The anchors pressed him on what would force a downward revision. Chung named two red lines: A lasting collapse in real global M2, which would strangle risk capital and suppress the liquidity premium that pushes scarce digital assets higher, and a fatal consensus bug or governance failure inside the Bitcoin network—an event he stressed has “never happened in fifteen years” but that any quantitative risk model must include. Short of those, Presto sees the April correction as a “mid-cycle purge” that flushed overheated leverage ahead of the next leg. “Bitcoin is already trying to catch up,” Chung said, pointing to the rally off the mid-April lows. Whether that momentum propels the asset all the way to six-figure territory by New Year’s Eve will, in his words, “depend on whether investors choose to price geopolitical insurance now or after the next tremor.” At press time, BTC traded at $94,983. Featured image from YouTube, chart from TradingView.com

#bitcoin #btc price #crypto #bitcoin price #btc #cryptocurrency #bitcoin news #btcusd #btcusdt #crypto news #btc news #bitcoin technical analysis

A recent forecast by financial services company Standard Chartered, indicates that the market’s leading cryptocurrency, Bitcoin (BTC), would hit new record highs of almost $120,000 in the second quarter (Q2) of 2025.  By the end of 2025, the cryptocurrency might have risen to $200,000, a 65% gain from the Q2 aim and over 110% from its present price, according to this prediction, which implies a possible growth of around 25% from current levels.  Bitcoin Surge Amid Rising Term Premium  Analyst Geoff Kendrick emphasizes several key factors contributing to this optimistic view on Bitcoin’s price projection, pointing to the US Treasury term premium, which is currently at a 12-year high.  According to the analyst, the term premium refers to the additional yield that investors demand for holding longer-dated Treasury bonds compared to shorter-term ones, indicating broader market conditions that could favor Bitcoin as an investment. Related Reading: Dogecoin On Track For $10+ Explosion By October 2025, Says Crypto Pundit In addition to macroeconomic indicators, Kendrick highlights the behavior of major large-cap investors, known as “whales,” These BTC holders have been actively accumulating the asset, a trend that suggests growing confidence in its value.  For instance, Bitcoin proxy firm Strategy (formerly MicroStrategy), founded by BTC bull Michael Saylor and currently the largest corporate holder of the cryptocurrency, has recently disclosed on Monday another round of weekly purchases. Potential Sideways Trading Ahead? Another noteworthy trend is the movement of funds into Bitcoin exchange-traded funds (ETFs), which Kendrick interprets as a safe-haven reallocation from traditional assets like gold.  In his view, this shift reflects a broader sentiment among investors who are increasingly looking at BTC as a viable alternative during uncertain economic times. As of Monday morning, Bitcoin was trading at approximately $95,300, remaining relatively flat for the year but up 51% compared to the same time last year.  Related Reading: Justin Sun Bets Big On JUST Token – Here’s Why He Sees 100x Potential Kendrick cautions that historical patterns in Bitcoin’s price action indicate that sharp increases are often followed by extended periods of sideways trading. Conversely, Seeking Alpha analyst Damir Tokic offers a more cautious perspective on Bitcoin’s future trajectory.  He notes that BTC could continue to decline alongside the Nasdaq 100 if the market selloff accelerates and investor sentiment deteriorates. However, he also acknowledges the potential for Bitcoin to solidify its position as a safe-haven asset, particularly if the US dollar continues to depreciate. When writing, BTC retraced below the $95,000 mark toward $94,560, still up 1.1% in the 24 hour time frame. Ethereum (ETH), however, has outperformed BTC’s price action with a nearly 14% surge in the weekly time frame, compared to Bitcoin’s 7.3% surge in the same time frame.  Other major altcoins like XRP and Solana (SOL), have also seen notable price recoveries, recording gains of 10% and 6% in the weekly time frame.  Featured image from DALL-E, chart from TradingView.com 

#bitcoin #btc price #crypto #bitcoin price #btc #cryptocurrency #bitcoin news #bitcoin etf inflows #bitcoin trading #btcusd #btcusdt #crypto news #btc news #bitcoin chart #bitcoin technical analysis #bitcoin etf news

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

#bitcoin #btc price #crypto #btc #cryptocurrency #donald trump #bitcoin news #crypto news #cryptocurrency market news #crypto analyst #trumpusdt #trump memecoins #trump memecoin #us president donald trump #trump price

An exclusive dinner event has been organized by President Trump for holders of the controversial memecoin TRUMP token, which has garnered a lot of attention. After being introduced earlier this year, TRUMP’s price soared, going from less than $10 to more than $70 in just one day. But then things changed in the market, and the token’s value dropped to $7 as the crypto market as a whole sold off. Yet, the president’s announcement revived interest in the token, which caused a sudden flip in this declining trend.  Exclusive Dinner Plans Ignite TRUMP Token Activity Over the weekend, TRUMP saw an impressive 80% uptrend, reaching approximately $16. This resurgence was accompanied by a substantial increase in on-chain transactions, as reported by market analysis firm Kaiko. On April 23, the team behind the TRUMP memecoin revealed plans for an exclusive dinner catering to the top 220 holders. Notably, the top 25 holders would have the unique opportunity to meet President Trump himself.  Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? The announcement triggered a flurry of activity, with nearly 10,000 wallets transferring TRUMP tokens on that day alone—a staggering 200% increase from the previous day. The trading volume surged to around $2.3 billion, marking it the busiest day of the month. Interestingly, most of this volume came from smaller holders, with wallets containing less than $100,000 worth of TRUMP tokens driving the activity.  This shift was particularly evident as the share of wallets transferring smaller amounts of TRUMP surged from the usual 46% to 75% after the dinner announcement. Notably, transactions under $1,000 accounted for 47.2% of active wallets, indicating a significant influx of smaller investors. 37% Chance Bitcoin Will Hit $100,000 By Month-End The enthusiasm surrounding TRUMP was not limited to on-chain activity. The token recorded its highest daily trading volume on centralized exchanges (CEXs) since mid-February, eclipsing other major memecoins like Dogecoin (DOGE).  In fact, the President’s official cryptocurrency accounted for nearly 50% of all memecoin trading volume on centralized exchanges last Wednesday. Per the report, while the initial excitement has tapered off, there is potential for renewed activity as the deadline for eligibility to the dinner approaches.  The rules stipulate that only the top 220 average holders between April 23 and May 12 will qualify, likely fueling increased trading and movement of funds among holders. Related Reading: PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally The recent surge of interest in memecoins like TRUMP occurs amid a broader bull run in the cryptocurrency market, characterized by Bitcoin’s resurgence.  Bitcoin dominance has remained high, reminiscent of the first half of 2021 when the market began shifting toward smaller-cap assets, often referred to as “altcoin season.” However, the current market landscape suggests a different trajectory, with Bitcoin maintaining its stronghold. Options markets have indicated significant confidence in Bitcoin’s stability, particularly with a notable volume increase surrounding a $100,000 strike option set to expire on May 30.  Current estimates suggest a 37% probability that Bitcoin will trade above $100,000 by the end of May, a promising outlook given its recent trading levels near $74,000. As of now, the memecoin trades at $14.29, retracing 1.1% in the 24 hour time frame.  Featured image from DALL-E, chart from TradingView.com 

#bitcoin #btc price #bitcoin price #btc #fomo #bitcoin news #btcusd #btcusdt #btc news #bollinger band #tony severino #fear of missing out #bitcoin's heikin ashi

Following the Bitcoin (BTC) price increase above $94,000, Tony Severino, a CMT-verified analyst, released a detailed technical analysis outlining a clear strategy for navigating the next major move. As the Heikin Ashi monthly candle flashes bearish signals, the analyst shares the ideal time to buy Bitcoin, warning investors of potential bear market traps.  Upper Bollinger Band Reveal Time To Buy Bitcoin Severino has provided an in-depth examination of the Bitcoin market, identifying precise conditions under which investors and traders, including himself, might consider re-entering based on key market indicators and price action. The analyst broke down a Bitcoin price chart featuring monthly candlesticks, Bollinger Bands, and historical comparisons. Related Reading: Bitcoin Price Prediction: The Last Leg-Up That Confirms A Resounding Rally To $150,000 The chart highlights that in late 2021, after hitting its previous ATH, Bitcoin touched the Upper Bollinger Band but failed to close above it. At the time, this move was perceived as a classic non-confirmation, which ultimately led to a sharp reversal and brutal bear market in 2022.  Fast forward to today, Bitcoin is hovering above $94,000, with the Upper Bollinger Band positioned at $108,000. According to Severino, merely reaching this Upper Bollinger Band level, as it did in 2021, is not enough reason to buy Bitcoin in anticipation of a price increase. Instead, the analyst asserts that a full monthly close above $108,000 is needed to confirm a breakout and continuation of the bullish trend. The analyst also disclosed that he would consider buying Bitcoin once it closes sufficiently above this level. However, if the flagship cryptocurrency fails to close above the Upper Bollinger Band for a month, it could mirror the 2021 double top and fake breakout, potentially leading to another steep bear market this cycle.   Overall, Severino advises investors to closely watch Bitcoin’s price action around this key Bollinger Band. He stresses that capital preservation far outweighs succumbing to the Fear Of Missing Out (FOMO). With elevated risks and rising volatility, the analyst believes that clear confirmation signals are the only way to engage with the market safely.   BTC’s Heikin Ashi Candle Flips Bearish While Severino confirms the ideal time to buy BTC, the analyst also announced that the Bitcoin Heikin Ashi candles have turned bearish. The analyst shared a 12-week Heikin Ashi candlestick chart, which shows Bitcoin flashing early warning signs of a potential bear market. Related Reading: Analyst’s Bitcoin Price Prediction From March Plays Out, Here’s The Rest Of It The chart highlights a critical moment where Bitcoin’s Heikin Ashi candle turned red for the first time since its previous price peaks in 2014, 2018, and 2022. Historically, such a signal has marked the beginning of prolonged bear markets and deep price corrections.  Further strengthening the bearish outlook, Severino pointed out that the Fisher Transform, a technical indicator used to detect trend reversals, is exhibiting a bearish crossover, with the green Fisher line dropping below the red Trigger line. In previous cycles, whenever these two signals — the Heikin Ashi and Fisher Transform — aligned, Bitcoin experienced substantial declines that lasted for months, if not years. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #btcusdt #cryptocurrency market news #ali martinez

The Bitcoin price has been in a red-hot form over the past two weeks, leading to talks of the premier cryptocurrency reclaiming the significant $100,000 mark. Interestingly, the latest on-chain data suggests that the price of BTC could fly past this level and forge a new all-time high over the coming weeks. What Will Happen If Bitcoin Price Falls Beneath $93,145? In an April 26 post on X, popular crypto analyst Ali Martinez shared an exciting analysis and projection for the Bitcoin price over the next few weeks. According to the online pundit, the flagship cryptocurrency could be on its way to as high as $131,800 so long as it stays above a critical support level. Related Reading: Bitcoin Sees Highest Exchange Outflows In 2 Years, What This Means For Price This projection is based on the Short-Term Holder (STH) Cost Basis, which measures the average price at which recent investors — typically defined as wallets holding Bitcoin for less than 155 days — acquired their coins. This metric often offers insight into the sentiment of short-term investors and can act as a relevant psychological support or resistance level. When the Bitcoin price is above the STH Cost Basis, it typically signals bullish momentum among short-term market participants. On the other hand, a sustained break beneath this metric could trigger increased selling pressure, as short-term holders are known for their speculative and reactive nature. According to data from Glassnode, the Short-Term Holder Cost Basis currently stands around $93,145, which represents a crucial support level for the Bitcoin price. Martinez noted that the premier cryptocurrency needs to hold above this support to make a run to a new all-time high price of $131,800. However, Martinez warned that if the Bitcoin price fails to defend the $93,145 support cushion, this could open the door to a broader correction. In this case, the market leader may suffer a deep price pullback toward the next major support level around $71,150 — an almost 25% decline from the current price point. As of this writing, the price of Bitcoin stands around $94,410, reflecting a 0.6% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by more than 10% on the weekly timeframe. Could BTC Whales Provide The Needed Bullish Impetus? In a separate post on X, Martinez revealed that the Bitcoin whales have been getting busy in the market, loading up their bags following the recent price rally. Whales are significant market participants due to their substantial holdings and also their often informed trading decisions and positions. Related Reading: Bitcoin Perpetual Swaps Signal Short Bias Amid Price Rebound – Details Data from Santiment shows that Bitcoin whales (holding between 1,000 – 10,000 coins) bought over 20,000 BTC in the last 48 hours. With this increased buying activity from large investors, the Bitcoin price might get the needed momentum to attempt a run at a new all-time high. Featured image from iStock, chart from TradingView

#bitcoin #btc price #bitcoin price #btc #cryptoquant #btcusdt

It was quite the coincidence that the cryptocurrency market jolted back to life after Easter Sunday, with Bitcoin leading the way with more than a double-digit gain. While the price of BTC continues to hold above the critical $94,000 level, the premier cryptocurrency seems to be losing some momentum. Unsurprisingly, investors appear to be increasingly confident in the promise of this recent rally, as significant amounts of BTC continue to make their way off major centralized exchanges over the past few days. Here’s how much investors have moved in the past few days. Over 35,000 BTC Move Out Of Coinbase And Binance In a Quicktake post on the CryptoQuant platform, crypto analyst João Wedson revealed that Binance, the world’s largest cryptocurrency exchange by trading volume, has seen increased activity over the past few days. The exchange netflow data shows that huge amounts of Bitcoin have been withdrawn from the platform in recent days. Related Reading: Bitcoin Sees 4th Dip in Funding Rates This Year — What Does This Mean For BTC? According to CryptoQuant data, a total of 27,750 BTC (worth $2.63 billion at current price) was moved out of Binance on Friday, April 25. This latest round of withdrawals represents the third-largest net outflow in the centralized exchange’s history. The movement of significant crypto amounts from exchanges, which offer services like selling to non-custodial wallets, suggests a potential shift in investor sentiment and strategy. Large exchange outflows often signal increased confidence of holders in the long-term potential of an asset. Wedson noted that the recent outflows do not guarantee a price rally for Bitcoin, but they do signal strong institutional activity, which is often a precursor for major volatility. Citing China’s crypto ban in 2021, the crypto analyst highlighted how massive exchange outflows didn’t prevent the dump. At the same time, Wedson mentioned that the continuous Bitcoin outflows over several days, like during the FTX collapse, preceded a price bottom and the eventual market recovery. Ultimately, the online pundit hinted at paying close attention to the overall trend of the exchange netflow rather than a single-day activity. Similarly, more than 7,000 BTC (worth approximately $66.5 million) have made their way out of the Coinbase exchange. According to the CryptoQuant analyst Amr Taha, this negative exchange netflow could be an indicator of increased institutional activity, as Coinbase is known as the primary crypto vendor for US-based institutions. Taha said: These large outflows typically suggest accumulation by institutions or large investors, potentially signaling bullish sentiment. The analyst outlined that if the dwindling exchange reserves correlate with an increased spot demand or ETF inflows, a supply squeeze could be on the horizon, potentially pushing the price to the upside. Bitcoin Price At A Glance As of this writing, the price of BTC sits just beneath $95,200, reflecting an almost 2% increase in the past 24 hours. Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming Featured image from iStock, chart from TradingView

#bitcoin #btc price #bitcoin price #btc #bitcoin news #cryptoquant #btcusdt #maartunn

The price of Bitcoin jumped by more than double digits over the past week, putting in one of its best performances so far in 2025. After struggling under $87,000 for the past two months, the flagship cryptocurrency has finally returned above the $90,000 level. It remains unclear whether the recent BTC price surge is a continuation signal for the bull cycle. However, the latest on-chain data suggests that the investor sentiment might be turning positive again, meaning that the Bitcoin bull run could truly be back on.  ‘ETF Printer Goes Brrr’ – Crypto Analyst In an April 25 post on the X platform, a crypto analyst with the pseudonym Maartunn shared an on-chain insight into the recent price rally experienced by the world’s largest cryptocurrency. According to the online pundit, the growing appetite of exchange-traded fund (ETF) investors in the past few days might have contributed to the Bitcoin bullish momentum. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years The relevant indicator here is the Coinbase Premium Gap, which tracks the difference between the Bitcoin price on US-based Coinbase Pro (USD pair) and global Binance exchange (USDT pair). When this difference is positive, it implies BTC is trading at a higher price on Coinbase than on Binance.  Typically, a positive Coinbase Premium Gap indicates that US-based investors are purchasing Bitcoin aggressively, especially through ETF issuers that use Coinbase as a liquidity provider. According to data from CryptoQuant, this metric’s 30-hour moving average has stayed positive for more than 265 straight hours (approximately 11 days). Maartunn noted that this is the fifth-longest streak since the spot Bitcoin exchange-traded funds started trading in January 2024. Typically, a consistently positive Coinbase Premium Gap suggests that US institutional players and large investors are willing to pay above-market prices for Bitcoin — specifically through regulated channels like ETFs or custodial platforms. This prolonged positive streak is historically correlated with positive price action and accumulation phases for the flagship cryptocurrency. Hence, the latest spike in the Coinbase Premium Gap could provide the adequate condition to sustain Bitcoin’s newly-found bullish momentum and perhaps catalyze the next significant breakout. Bitcoin Price At A Glance The price of Bitcoin has climbed above $95,000 for the first time since February, reflecting a 2% increase in the past 24 hours. According to CoinGecko data, the premier cryptocurrency has surged by more than 13% in the past seven days.  Related Reading: Bitcoin Holders Realizing $139 Million In Profit Per Hour This Rally, Report Says Featured image created by DALL.E, chart from TradingView

#bitcoin #btc price #bitcoin price #btc #us dollar #donald trump #bitcoin news #coinmarketcap #btcusd #btcusdt #btc news

Crypto analyst Daniel has revealed that the Bitcoin price has confirmed its imminent breakout to $106,000. He explained how the technicals and fundamentals support this bullish prediction and currently align for this BTC rally to the $106,000 target.   Analyst Predicts Bitcoin Price Breakout To $106,000 In a TradingView post, Daniel stated that the Bitcoin price now appears poised to reach the next significant resistance zone around $106,000, which also aligns with a big resistance level. The analyst noted that the market is now following through with a solid bullish impulse, pushing past intermediate resistance and confirming the continuation of the ascending channel structure.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 He further remarked that the Bitcoin price could reach this $106,000 target with buyers stepping in aggressively and the price respecting the bullish market structure. The flagship crypto has already displayed strong bullish momentum, having broken above $90,000 earlier this week and rallying to $95,000 for the first time in two months.  Daniel noted that this breakout occurred after a well-defined double bottom formed around the major support zone near $74,000. He added that the inability to create a new low and the sharp rejection from that zone confirmed strong buyer presence and marked a clear exhaustion of sellers.  Fundamentals Also Support This BTC Rally Daniel also explained that the fundamentals support this Bitcoin price rally to $106,000. He remarked that BTC is gaining strength due to several key macroeconomic shifts. These macro shifts include Donald Trump’s tariffs, which have brought about market uncertainty and led investors to seek alternatives outside the stock and bond markets.  Related Reading: Bitcoin Price Recovery At Stake If This Level Doesn’t Hold, Crash Could Erase Gains The analyst highlighted the fact that the Bitcoin price has thrived during such periods of instability, with investors viewing it as a hedge against the dollar’s instability. He added that global central banks continue tightening monetary policy, increasing fears of a recession. With inflation and recession fears on the rise, investors look poised to diversify their assets into assets like BTC with limited supply.  Daniel also affirmed that the deepening institutional interest is providing a strong foundation for the sustained Bitcoin price movement toward $106,000. He remarked that institutional adoption continues to climb, with spot market activity increasing and institutional funds seeing massive inflows.  The analyst reiterated that the convergence of powerful technical patterns, particularly the confirmed breakout and continuation within the ascending channel, suggests a likely continuation of the upward momentum for the Bitcoin price. The strong macro and institutional adoption also supports a sustained bullish momentum for BTC.  Daniel urged market participants to closely monitor confirmation signals, such as bullish volume surges, strong candle closures above the $90,000 breakout level, and continuation patterns forming on lower timeframes to validate the $106,000 target.  At the time of writing, the Bitcoin price is trading at around $94,660, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news #bitcoin whales

Bitcoin has been on the rise again with positive sentiment returning after Donald Trump revealed plans to reduce tariffs on China. This suggests that an end to the tariff wars which began in January 2025 could be drawing to an end. Taking this as a sign, Bitcoin whales have begun to make moves once again. So far, they have bought almost 20,000 BTC, with BTC exchange outflows rising to levels not seen in over two years. Bitcoin Exchange Outflows Reach February 2023 Levels According to the on-chain data tracking platform CryptoQuant, more BTC has been flowing out of exchanges at levels that have not been seen in two years. This data was taken on a 100-day moving average basis and shows netflows are down significantly from not only 2025 and 2024, but dating as far back as 2023. Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming CryptoQuant’s data shows that Bitcoin net flows from all exchanges have crashed by more than 50% in the last year. Currently, it is sitting so low that the last time it was this low was back in January 2023, when the crypto market was just coming out of the impact of the FTX crypto exchange collapse. When net flows are this low, it suggests that Bitcoin investors are choosing to accumulate rather than sell. It points to withdrawals from exchanges into private storage, with investors holding onto their BTC in anticipation of higher prices before they begin to sell. “This essentially indicates the highest Bitcoin outflow from exchanges since that date,” CryptoQuant explained in the post. “A review of historical patterns suggests that this could imply re-accumulation of assets by investors.” BTC Whales Are Turning Bullish Again The recent Bitcoin price rise seems to be driven by bulls who had taken the reduced price to accumulate large amounts of BTC in a very short time. Santiment reported on this development, showing how the 11% Bitcoin price rise could have been driven by the buying activities of these large investors. Related Reading: Bitcoin Price Recovery At Stake If This Level Doesn’t Hold, Crash Could Erase Gains The post shows that investors holding between 10 and 10,000 BTC had gone on a buying spree in the last week. In total, they added 19,255 more BTC to their balances in only seven days. This shows that whales had realized how undervalued the BTC price was and had seized the opportunity to secure profits quickly. At the time of writing, the Bitcoin price was trending around $94,578, showing strong staying power from the bulls. Featured image from Dall.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btc news

Bitcoin should be valued as “an uncorrelated asset that benefits when the world gets messier,” BlackRock’s US Head of Equity ETFs Jay Jacobs told CNBC in an interview on Thursday. “Crypto over the long run is decoupled from US tech stocks,” Jacobs said, stressing that short-term market stress can mask the difference but that “the long-term correlation between US stocks and Bitcoin is more like two or three percent.” He argued that what pushes equities higher—“higher growth, higher certainty, lower geopolitical risk”—is the mirror image of the forces that move Bitcoin. “Bitcoin thrives when you have more uncertainty and are looking for something that’s going to behave differently, so fundamentally they should behave like an uncorrelated asset.” BTC was changing hands just under $94,000 during Jacobs’ appearance, extending a rally that has added roughly 150% since spot-ETF approvals early last year. Bitcoin Rises Because Of ‘Mega-Forces” Jacobs tied price behaviour directly to flows. “We would think over the long term, if this trajectory of greater uncertainty around the world continues, things like gold and Bitcoin should continue to go up.” He noted that investors are repositioning accordingly: “We’ve seen significant inflows into gold ETFs; we’ve seen significant inflows into Bitcoin, and this is all because people are looking for those assets that will behave differently.” Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected The biggest beneficiary has been BlackRock’s own iShares Bitcoin Trust (IBIT), which on 23 April absorbed $643 million of net creations—its largest one-day haul since January—lifting the fund’s assets to roughly $54 billion. Jacobs framed the rush into hard assets as part of a longer geopolitical realignment. “If you look at central banks around the world, a continued movement towards diversification beyond just holding dollars is something that’s been happening for decades… the switch from just holding dollars to holding gold to looking at other types of assets like Bitcoin is a trend that’s been years in the making.” Central-bank gold purchases illustrate the shift: net buying topped 1,044 tonnes in 2024, the third consecutive year above the thousand-tonne mark, double the average of the previous decade. He linked those reserve moves to BlackRock’s 2023 “mega-forces” framework, which identified geopolitical fragmentation as a secular driver of returns. “That mega force is materialising in policies like reshoring in the United States and, I think, directly related to that fragmentation has been the rise of things like Bitcoin, as people see more destabilisation in geopolitics resulting in the need for more alternative assets.” Related Reading: Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally Setup Is Back BlackRock’s influence is difficult to overstate: the firm ended the first quarter with a record $11.6 trillion under management. By pairing that scale with a public thesis that Bitcoin’s fair price rises as uncertainty deepens, the asset-manager is effectively codifying a valuation model in which scarcity and sanction-resistance—not discounted cash flows—set the marginal price. As Jacobs put it, the market is “looking for alternatives—parts of the portfolio that are going to behave separately from stocks and bonds.” With IBIT now swallowing more BTC each day than miners can produce post-halving, his remarks may offer the clearest blueprint yet for how the world’s largest asset manager thinks about pricing the world’s largest cryptocurrency. At press time, BTC traded at $94,510. Featured image created with DALL.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #cryptoquant #btcusd #btcusdt #btc news #ali martinez #mvrv #golden cross #credibull crypto #elliot wave theory

A new Bitcoin price prediction suggests that the flagship cryptocurrency needs just one more leg up to kickstart a powerful bullish move toward $150,000 and beyond. With Bitcoin getting ready to once again hit new all-time highs, technical formations suggest that this projected rally could be the final confirmation of a long-term breakout.   Bitcoin Price Roadmap To $150,000 ATH A new Bitcoin price analysis released by market expert CrediBull Crypto on X (formerly Twitter) predicts that BTC is gearing up for a massive surge to $150,000. The analyst shared a Bitcoin price chart, using Elliott Wave theory on the lower time frames to break down the roadmap to this new all-time high target.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 Bitcoin is currently forming a 5-wave impulse move on the lower timeframe. The recent price action suggests that it has completed sub-waves i, ii, iii, iv, and v, collectively forming what appears to be Wave 1. Following this, the cryptocurrency experienced a collective pullback in Wave 2, which acted as support and now serves as a launchpad for the next major leg in Wave 3—the longest and most explosive wave in an impulse sequence.   If the next wave completes to the upside, it would strongly suggest that Bitcoin is not in a corrective pattern but rather an impulsive trend that could take it to a six-figure valuation once again.  CrediBull Crypto has highlighted $89,000 as a critical level for Bitcoin. He suggested that if the cryptocurrency drops below this price zone before pushing higher, the Elliott Wave structure would likely morph into a 3-legged corrective pattern rather than a 5-wave impulse. This move would imply that the projected rally is not the start of a macro breakout, and the market may have to wait longer for a confirmation.  On the other hand, holding above $89,000 and printing a higher high would complete the anticipated final leg up, validating the start of the large Wave 3 on higher time frames. This bullish scenario would support a strong accumulation strategy, where price declines could become opportunities to buy as Bitcoin targets $150,000 or more.  MVRV Golden Cross Signals BTC Bull Rally Bitcoin’s Market Value to Realized Value (MVRV) ratio has formed a Golden Cross with its 365-day Simple Moving Average (SMA), according to fresh data shared by crypto analyst Ali Martínez. The analyst has shared an optimistic outlook for Bitcoin, highlighting that this technical event could spark the next BTC bull rally.  Related Reading: Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target The Bitcoin chart, published via CryptoQuant, highlights the MVRV ratio surging above the long-term Moving Average. A rising MVRV ratio typically suggests that BTC holders are once again in profit, and sentiment is shifting from bearish to bullish. The last time this crossover occurred, Bitcoin saw a multi-month rally that pushed its price to new all-time highs. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #trump #bitcoin news #btc news

Bitcoin is changing hands at prices almost 40% below its modeled “energy value,” yet an unusual confluence of technical, fundamental and policy signals suggests the market may be turning, according to Charles Edwards, founder of the quantitative crypto hedge fund Capriole Investments. In his latest newsletter, Edwards argues that a newly-formed “Triple Put”—simultaneous backstops from the White House, the Federal Reserve and the US Treasury—has altered the risk profile for all risk assets just as on-chain and macro indicators for Bitcoin flip decisively higher. Bitcoin Flips Bullish Edwards begins with sentiment, describing it as “in the pits.” The American Association of Individual Investors’ bull–bear spread, he notes, is “as bearish as 2009 and the 2022 lows, and significantly worse than the 2020 Covid crash,” even though both Bitcoin and the S&P 500 have fallen less than fifteen percent from their recent peaks. The CNN Fear & Greed Index has registered its bleakest reading “in years,” while Capriole’s own Active Manager Sentiment gauge shows equity managers at near-record under-exposure. “Simply put, investors are panicking today,” he writes, warning that such extreme readings “typically coincide at the mid-late stage of a major price bottom.” The combination leaves what Edwards calls “blood (and fear) on the street,” echoing the Rothschild maxim he cites in full: “the time to buy is ‘when there’s blood on the streets, even if the blood is your own.’” Related Reading: Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally Setup Is Back Technically, Bitcoin staged a sharp reversal just days ago. A breakout candle to $94,000 reclaimed the entire $91,000–$100,000 range that had capped the market since February. Edwards classifies the move as a “significant range reclaim,” adding that “for Bitcoin, such bullish range reclaims rarely see price look back.” Unless the market delivers “a daily close under $91K,” he writes, “it’s hard to get a technical chart more bullish than this.” The breakout coincides with his firm’s machine-learning fundamentals model, the Bitcoin Macro Index, turning positive after months in neutral territory. The index blends more than seventy on-chain, macro-economic and equity-market variables; price is deliberately excluded to avoid feedback effects. Last week the model “reset to ‘fair value’ and then resumed a bullish trend,” a shift Edwards calls “a very promising fundamental data reading.” The ‘Triple Put’ Policy developments provide the third leg of the story. On April 2—the so-called “Liberation Day”—the United States imposed sweeping global tariffs, only to halve them and add a 90-day pause once equities sold off by roughly fifteen percent, the VIX jumped above 30, and credit spreads widened. Edwards describes the rapid reversal as the inaugural “Trump Put,” evidence that “if markets decline too much, Trump will step in, enact policy and backstop them.” One day earlier, on April 1, the Federal Reserve began slashing the pace of quantitative tightening by 95% (the “Fed Put”), effectively ending a four-year balance-sheet contraction; derivatives traders on the CME FedWatch tool now assign the base-case to three rate cuts before year-end. Related Reading: Bitcoin Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double Top? Meanwhile, Treasury Secretary Scott Bessent told reporters that the swoon in Treasuries was driven by deleveraging rather than foreign selling and that the department “had tools to mitigate the situation, including scaling up buybacks if necessary” (“Treasury Put”). Edwards concludes that “we now have three major financial market puts in place, all ready to backstop financial markets. Together the US President, Federal Reserve and US Treasury represent the Triple Put,” a volatility backstop unprecedented in its breadth. Is BTC Undervalued? Capriole’s own “Chart of the Week” underscores the valuation argument. The Bitcoin Energy Value—an in-house metric that prices the network using aggregate miner electricity consumption—surged above $130,000 for the first time this month. With the spot market trading near $94,000, Bitcoin therefore sits at an “almost 40% discount to fair value,” a depth of undervaluation that Edwards calls “quite rare” in the first year after a halving and “a very welcome sight.” Historically, the energy value has acted as a gravitational pull on price; gaps of this size have narrowed in every prior cycle. Edwards tempers the bullish picture with caveats. “Political and volatility risk remain, and new policy changes are the greatest risk to derailing markets at present,” he writes, adding that Capriole will watch for Bitcoin to defend $91,000 on a weekly close and for the Macro Index to remain in expansion. Yet his overall tone is unmistakably optimistic: “As it sits today, the outlook for Bitcoin is very bullish with confluence across technicals, fundamentals and sentiment,” he concludes. If the week ends above current levels, Edwards “suspect[s] we will be pushing new all-time highs on Bitcoin quite soon.” At press time, BTC traded at $93,723. Featured image created with DALL.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #why is bitcoin up today #btc news #why is bitcoin price up today

Bitcoin’s ascent gathered fresh momentum on Tuesday, charging above the $94,000 mark and extending the gains to 26% since April 9. Three interlocking forces—geopolitics, strategic balance-sheet demand, and resurgent exchange-traded-fund flows—coalesced over the past 24 hours to ignite the rally. Why Is Bitcoin Up Today? The first spark came from Washington, where US President Donald Trump signaled a partial détente in his long-running tariff dispute with Beijing. Sitting behind the lectern at the White House, Trump declared that duties on Chinese imports “will come down substantially, but it won’t be zero,” before insisting he would “be very nice to China” so long as both sides reach a deal. Macro economist Alex Krüger distilled the president’s remarks in a widely circulated X post, noting that Trump had “just ticked most de-escalation / bullish boxes.” Among the verbatim phrases Krüger highlighted were: “Tariff on China will not be as high as 145%,” “It’ll come down substantially,” and, when asked whether he would “play hardball,” the president’s succinct “No.” Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says Equity indices responded immediately, but Bitcoin’s move was more dramatic, underscoring the market’s sensitivity to macro uncertainty—and to any sign that the Federal Reserve’s path could tilt more dovish should trade frictions ebb. While geopolitics set the tone, a second catalyst arrived from Wall Street: the prospect of a multibillion-dollar balance-sheet bid for Bitcoin spearheaded by the next generation of the Lutnick family. According to the Financial Times, Brandon Lutnick—the newly installed chair of Cantor Fitzgerald and son of Commerce Secretary Howard Lutnick—is forming “Cantor Equity Partners” in concert with SoftBank, Tether, and Bitfinex. The consortium plans to seed a new entity, 21 Capital, with approximately $3 billion in Bitcoin. Tether intends to contribute $1.5 billion worth of the asset, SoftBank about $900 million, and Bitfinex roughly $600 million, the report said, cautioning that the numbers could still shift before a formal announcement expected in the coming weeks. On X, Texas Bitcoin Foundation board member Tuur Demeester framed the implications bluntly: “This announcement could explain why bitcoin is up 12% in the past week.” Related Reading: Bitcoin Rally Ahead? Analysts Say These Key Indicators Look Bullish The third leg of support arrived from the US spot Bitcoin ETF market, where inflows swung decisively back into positive territory. Data compiled across issuers show aggregate net inflows of $911.2 million on Tuesday—the most forceful daily total since January 17, when pre-inauguration optimism around Trump’s “crypto president” rhetoric produced $975.6 million. Fidelity’s FBTC absorbed $253.8 million, Ark Invest’s ARKB attracted $267.1 million, and BlackRock’s market-leading IBIT added $192.1 million, while the smaller Grayscale Bitcoin Trust (GBTC) reversed weeks of redemptions with a $65.1 million intake. The turnaround began Monday, when the cohort drew $381 million—ending a multi-week stretch dominated by outflows—and gathered pace as Bitcoin cleared the $90,000 threshold. The two-day, $1.29 billion surge signals a material revival of institutional appetite. At press time, BTC traded at $94,212. Featured image created with DALL.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #us dollar #bitcoin news #coinmarketcap #btcusd #btcusdt #btc news #ali martinez #titan of crypto #egrag crypto #melika trader

Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by market cap could crash to as low as $78,000.  Bitcoin Price Forming Head And Shoulders Pattern  In a TradingView post, Melika Trader revealed that the Bitcoin price is forming a complex head-and-shoulders pattern. He remarked that the left shoulder and double head had already formed while the right shoulder is currently forming, with BTC at risk of suffering a massive crash once this happens.  Related Reading: Analyst’s Bitcoin Price Prediction From March Plays Out, Here’s The Rest Of It As part of the expected move, Melika Trader suggested that the Bitcoin price could show a possible fake breakout above the resistance between $87,000 and $88,000. Once that happens, the analyst predicts that a strong drop will follow, with BTC dropping to as low as $78,000, which is the first support area.  The Bitcoin price has surged past the $90,000 mark on the back of the US Dollar dropping to new lows and has continued to reach new highs, leading to optimism that it could soon reclaim $100,000. There is the possibility that BTC could still rally to as high as $98,000 before any massive correction.   Crypto analyst Ali Martinez revealed that on-chain data shows that the next key area of resistance for the Bitcoin price is between $95,600 and $98,290. That range acts as a major supply wall, as 1.65 million addresses bought 1.09 million BTC around that area. Bitcoin’s next move will depend on whether these holders choose to hold or offload their coins as soon as it reclaims this range.  However, it is worth mentioning that crypto whales are actively accumulating BTC, which is bullish for the Bitcoin price. Martinez revealed that over 17,000 BTC have been withdrawn from exchanges in the past week.  BTC Eyeing Rally To A New All-Time High Crypto analyst Titan of Crypto has predicted that the Bitcoin price could soon rally to as high as $137,000, marking a new all-time high (ATH) for the leading crypto. He stated that BTC has finally broken out of a bull pennant, with two strong consecutive daily bullish candles, confirming this move. The analyst added that the projected target is $137,000 if this bull pennant is confirmed.  Related Reading: Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target Crypto analyst Egrag Crypto stated that a daily close above $93,000 will send a strong bullish signal, while raising the possibility of BTC rallying above $100,000. He claimed that any retracement fears will be eliminated if the leading crypto closes above $103,000.  At the time of writing, the Bitcoin price is trading at around $93,000, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btc news

Bitcoin spent Tuesday flirting with territory last seen in early March this year, printing an intraday peak of $90,532. The move extends BTC’s surge over the past two days, making it a 7.6% rallye since Sunday’s low. The rise unfolds amid the dollar plumbing three‑year lows, developments traders widely link to renewed trade‑war brinkmanship in Washington. The macro backdrop is unusually binary. On one side, Wall Street benchmarks are off roughly 16% from their February highs as investors digest President Donald Trump’s decision to impose—and then partially suspend—“reciprocal” tariffs on allies while ratcheting levies on Chinese goods to 145 %. Two weeks into the 90‑day pause, negotiators from Seoul, Tokyo, Brussels and Beijing still have no agreements in hand, and fresh talks convene in Washington later this week. “The consultation process may not be easy,” South Korea’s acting president Han Duck‑soo conceded ahead of his delegation’s departure. Why Is Bitcoin Up? Capital continues to migrate toward classic safe havens. Spot gold blasted through $3,400 an ounce on Monday—its fourth record in as many weeks—lifting the metal’s market value above $20 trillion for the first time. The yellow metal has added roughly $6 trillion in market cap year‑to‑date, three times Bitcoin’s value at its own January peak. Related Reading: Bitcoin Surges Above $87,000 In Sudden Move — Here’s The Catalyst Bitcoin’s latest leg higher has been greased by a burst of institutional demand. US spot‑Bitcoin ETFs absorbed a net $381 million on Monday, the largest single‑day haul since February and a sharp reversal from the net outflows that dogged the complex in March and early April. A lively debate is raging on X over what, exactly, is powering Bitcoin’s outperformance versus risk assets. Hedge‑fund manager Benn Eifert argues the answer is largely arithmetic: “Bitcoin is NASDAQ denominated in a basket of global currencies, not USD, and USD is collapsing.” Related Reading: Bitcoin Sees Several Bullish Signals But Short-Term Holders Still Struggle Macro commentator TXMC contests the popular narrative that an upswing in global money supply is the dominant driver. In a thread rebutting “Global M2” overlays, he agreed with Eifert: “This is quite an accurate way of thinking about BTC’s performance. And it’s the same reason people’s Global M2 models have appeared to be skyrocketing even though the M2 data is 1-2 months old- because they’re overreacting to currency moves and don’t understand their models.” Where Is BTC Headed Next? Short‑term traders are fixated on a narrow resistance shelf that has capped every rally since late February. Analyst Jelle calls the area the “main event,” adding: “Reclaim $92,000 and #Bitcoin sends higher. A lot higher.” On‑chain metrics paint a similar picture. Julio Moreno, head of research at CryptoQuant, notes that Bitcoin is pressing into the Traders’ Realised Price band at roughly $91k–$92k. “The trader’s Realized Price acts as support when market conditions are bullish (green area, bull score >= 60), and as resistance when market conditions are bearish (red area, bull score

#bitcoin #btc price #bitcoin price #btc #bitcoin news #rsi #btcusd #btcusdt #btc news #mvrv #m&a #macd #moving average #relative strength index #tony severino #moving average convergence divergence #bitcoin's market value to real value z-score

After months of bullish momentum that pushed the Bitcoin price to an all-time high of over $109,000 earlier this year, analysts are now debating whether that surge marked the official market top. Strengthening this argument, a confluence of technical indicators suggests the market cycle may have already peaked—most notably, the behavior of the Market Value to Real Value (MVRV) Z-Score reinforces this view.  MVRV Z-Score Shows Bitcoin Price Has Topped A new technical analysis by crypto analyst Tony Severino, which combines MVRV Z-Score and monthly Relative Strength Index (RSI), is flashing warning signs that Bitcoin‘s market top may already be in.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 Looking at the logarithmic price chart, Bitcoin’s MVRV Z-Score has broken below a long-standing uptrend support line. This pattern is significant, as the Z-Score has always respected the uptrend support lines during bull markets, with similar breaks only emerging after Bitcoin reaches an official market top. Notably, this isn’t the first time Bitcoin has displayed such a trend behavior. Similar support line breaks occurred before BTC’s market peaks during the 2017 and 2021 bull cycles. The bearish argument that Bitcoin may have already reached a price peak is further strengthened by the visual correlation between the Z-Score and Bitcoin’s monthly RSI, which is shown by a black line on the chart.  In past cycles, Bitcoin’s RSI fell below 70 twice, indicating fading momentum and weakening price action. Historically, such moves below the 70 level occur shortly after price tops, not before.  Even more compelling, the RSI-based Moving Average (MA), highlighted by the orange line on the chart, is now curling downwards. This subtle but strong signal has only appeared in past cycles after the market has already topped, serving as a confirmation rather than a prediction.  Taken together, these technical indicators and historical trends strongly suggest that Bitcoin’s $109,000 peak may have marked the top of this market cycle. In line with previous post-top bull market behavior, Bitcoin could now be on the verge of entering a prolonged bear market. This bearish outlook is reinforced by recent steep price corrections, reduced investor confidence, and a clear shift in market sentiment toward caution and uncertainty.  Bulls Attempt To Reverse Bitcoin Bearish Outlook In another of his most recent analyses of Bitcoin, Severino revealed that bulls appear to be pushing for a price recovery. The analyst acknowledged that his previously dominant bearish narrative of Bitcoin may soon see a significant shift if bulls can sustain momentum into April’s monthly close.  Related Reading: Is The Bitcoin Open Interest Too High Or Can The BTC Price Still Rally? According to the presented chart, Bitcoin is now testing a key area of interest while simultaneously showing early bullish signs of reversing the bearish crossover on the monthly long-term Moving Average Convergence Divergence (MACD). Adding to the intrigue, the possible formation of a Morning Star candlestick pattern reinforces the possibility of a bullish reversal for Bitcoin.  Notably, similar chart setups occurred in 2022 and mid-2023, both of which marked major turning points for Bitcoin’s long-term outlook. If the cryptocurrency manages to close April with a complete Morning Star pattern, it could force a reevaluation of bearish expectations. Featured image from Adobe Stock, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news #doctor profit #ema #m2 money supply #black swan #golden line

A Bitcoin price prediction made exactly one month ago by popular crypto analyst Doctor Profit on social media platform X has unfolded with interesting accuracy. On March 21, Doctor Profit outlined a detailed price trajectory for Bitcoin, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply. Fast forward to April 21, Bitcoin’s price movements have closely mirrored the analyst’s forecast, lending credibility to the remaining parts of his prediction. How Bitcoin Followed Doctor Profit’s March Forecast Doctor Profit’s analysis is based on Bitcoin’s response to changes in the M2 money supply, which he identified as a misunderstood indicator. He argued that although the market experienced an increase in liquidity starting in February, Bitcoin’s significant bullish rally from September 2024 onwards had already factored in this liquidity expansion, contrary to what most investors had expected. Related Reading: Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns Notably, Doctor Profit had previously highlighted a key technical level, the weekly EMA 50, also known as the Golden Line, at approximately $76,000. He expected a bounce from this level, projecting a move to the $87,000 to $88,000 region before another correction. Bitcoin followed this script almost exactly, crashing in the first few days of April before rebounding from around $76,000 on April 9. Now, Bitcoin has rallied back above $87,000, coinciding precisely with Doctor Profit’s prediction. Next Phase: Bitcoin Heading For Support Zone At $70,000 To $74,000 Now that Bitcoin has bounced and is trading above $87,000 again, Doctor Profit’s immediate next target is a potential crash towards $74,000 to $70,000, which is slightly below the highlighted Golden Line. According to the analyst, the market’s behavior at this support zone will be decisive. It is at this zone that the Bitcoin price will reveal its next major directional bias.  Related Reading: Bitcoin Enters Oversold Levels, Analyst Warns This Is Bearish, Not Bullish Doctor Profit laid out two clear scenarios based on Bitcoin’s reaction within the $74,000 to $70,000 price range. If Bitcoin experiences only a temporary wick into this range and manages a strong daily or weekly close back above the Golden Line, this would signal a reversal, and it would be prudent to close short positions and begin accumulating long positions. However, if Bitcoin closes below this crucial area, it could trigger a deeper bearish move, leading its price to significantly lower levels, possibly revisiting the $50,000 region under a worst-case Black Swan scenario. Notably, whichever bearish scenario plays out, it is expected to occur by April and likely into early May. Despite the current short-term bearish outlook, Doctor Profit maintained a bullish long-term view. He confidently predicted that the Bitcoin bull run would resume around May or June, eventually driving the price towards new all-time highs in the range of $120,000 to $140,000. At the time of writing, Bitcoin is trading at $87,526, up by 3.28% in the past 24 hours. The bearish outlook towards $74,000 would only be invalidated if Bitcoin successfully closes a weekly candle above the $100,000 level. Featured image from Adobe Stock, chart from Tradingview.com

#bitcoin #btc price #bitcoin price #btc #trump #bitcoin news #btc news #tariffs

The Bitcoin price spiked to $87,400 on April 21, its highest level since March 29. The intraday rally added more than $3,000 to the asset in less than 24 hours, erasing a substantial portion of April’s drawdown. While the single‑day appreciation of about 4% is not unprecedented for the notoriously volatile asset, the backdrop that accompanied Monday’s advance has market participants treating the move with extra significance. Why Is Bitcoin Up Today? The most immediate macro‑economic thread was the sell‑off in the US dollar after National Economic Council Director Kevin Hassett told reporters on Friday that US President Donald Trump intends to replace Federal Reserve Chair Jerome Powell. The dollar index (DXY) slipped to 98.182 on Monday, while capital rotated simultaneously into traditional safe‑haven gold. Spot gold climbed to a new high at $3,385 per ounce, extending its 2025 gain to 28%. In contrast, S&P 500 and Nasdaq futures traded about 0.5% lower. Related Reading: Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market Observers seized on the divergence between Bitcoin and risk‑asset benchmarks. Financial author Mel Mattison wrote on X that he is “seeing more evidence tonight of BTC breaking its strong risk‑on/QQQ correlation,” recalling his January thesis that “this is the year BTC breaks that correlation and starts trading more in sympathy with gold.” Apollo founder Thomas Fahrer reached a similar conclusion: “Bitcoin is pumping while stock futures are trading down. It’s almost like the market is treating it like it’s an alternative financial system or something.” The Kobeissi Letter described the alignment between the two hard‑asset narratives as notable because “Gold has hit its 55th all‑time high in 12 months and Bitcoin is officially joining the run, now above $87,000.” In a follow‑up post, the macro newsletter argued that both assets are “telling us that a weaker US Dollar and more uncertainty are on the way,” crediting part of gold’s strength to President Trump’s publication of a “non‑tariff cheating” list from Sunday that targets currency manipulation, export subsidies and other forms of perceived economic aggression. Related Reading: Crypto Gurus Predict Bitcoin Boom ‘In Days’—But Expert Urges Caution The renewal of trade‑policy anxiety capped a three‑day Easter weekend that had failed, in the words of Kobeissi, to deliver “the trade deals the market priced‑in last week.” Trump’s ninety‑day “reciprocal tariff” pause still has seventy‑nine days remaining, and market sentiment appears increasingly sceptical that a sweeping accord will materialise in that window. Nonetheless, FOX Business correspondent Charles Gasparino reported on Sunday that a Wall Street executive “with ties to the Trump White House” believes Treasury Secretary Scott Bessent is “close to announcing a significant trade deal, likely to be with Japan,” while cautioning that negotiations remain fluid. Bitcoin Price Breaks Out Against the macro backdrop, chart technicians pointed to an important structural break on the daily Bitcoin chart. Trader Scott Melker observed that the spot rate is now “breaking through descending resistance from the all‑time high” and must clear $88,804 to invalidate the series of lower highs and lower lows. The account @ChartingGuy highlighted $94,000—the 0.618 Fibonacci retracement of the entire drawdown—as the “minimum target on this rally,” adding that market behaviour at that level will determine whether the current impulse proves a mere relief bounce or the beginning of a more sustained advance. Meanwhile, crypto analyst IncomeSharks warned: “Nice to see the downtrend breakout but the timing is important. Sunday is not a day to celebrate a low volume pump while stock markets are closed. If you want to see a bullish moves lets see stocks open red tomorrow and keep this candle green. Then we can have fun.” At press time, BTC traded at $87,509. Featured image created with DALL.E, chart from TradingView.com

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news

The Bitcoin price continues to trend low and has failed to reclaim $90,000. The bears have dominated during the last few months, dragging Bitcoin down from above $100,000 to below $80,000, before the bounce to $83,000. Now, these developments have triggered doubts in the minds of investors as to whether the bull run might be over. However, there could still be some hope for the leading cryptocurrency that could see a restart of the bull market. Bitcoin Needs To Properly Clear $86,190 Crypto analyst RLinda on the TradingView website has explained that the Bitcoin price is beginning to show some positive signs after crashing over 20% from its all-time high price. However, even these positive trends are not enough to suggest that there is a break in the downtrend, especially as there are still major levels left for the cryptocurrency to reclaim before a proper breakout can be confirmed. Related Reading: Solana Price At Crossroads: $129 Support, $144 Resistance Set Stage For Next Big Move The Bitcoin price has shown some strength, especially since reclaiming the $80,000 level. This strength, the analyst said, is being driven by the localized growth in indices, as well as talks and expectations that the Fed might lower interest rates. All of this is coming in the middle of a brutal tariff war being fought between the United States and China that has been the main driver of the crashes that the crypto market has suffered. With the current recovery, the Bitcoin price is facing a critical level that could determine the next course of action. The main point is the $86,190 resistance, which the cryptocurrency must conquer, especially for bulls looking for confirmation of the recovery. As the crypto analyst explains, the BTC price is now moving beyond the resistance of the descending channel, with consolidation ahead of the $86,190 level. Therefore, if Bitcoin is able to properly clear this resistance, then further increases are on the horizon. Once beaten, the next major resistance then lies at $88,800. This suggests that there is still a long way for bulls to go before even reclaiming the $90,000 level once again. Downside Could Persist For Longer While hope lies above $86,190 for Bitcoin investors, there is still the possibility that the price falls further if the resistance is not cleared. If bears are able to beat back the price, then support levels begin to lie lower and lower. Related Reading: Dogecoin Price Closes In On Major Trendline For Breakout To $1 From the present levels, the crypto analyst says the first support lies at $83,170. With this point beat, the next major support is below $80,000 at $78,170. This would send it back toward March 2025 lows. “But, regarding 88800 we will have to watch the price reaction,” RLinda said. “A sharp approach with the purpose of primary testing of the level may end in a false breakout and correction.” Chart from Tradingview.com

#bitcoin #btc price #crypto #bitcoin price #btc #bitcoin news #btcusd #btcusdt #crypto news #btc news #btcusd price #bitcoin technical analysis #crypto analyst

This Sunday, the market’s leading cryptocurrency, Bitcoin (BTC), has once again crossed the $87,000 mark, following what analysts describe as a healthy correction that brought prices down to $74,000 earlier this month.  In a recent post on social media platform X (formerly Twitter), crypto analyst Doctor Profit provided a comprehensive analysis of the current price action, outlining what investors can expect moving forward. Expert Outlines Critical Price Levels For BTC Doctor Profit opened his analysis by revisiting the two potential outcomes he had outlined a month prior. The first scenario involved a healthy correction to the $70,000 to $74,000 range, which played out exactly as anticipated.  The second scenario was a more severe downturn, a “Black Swan” event, that could see Bitcoin dropping to the $50,000 to $60,000 range. Importantly, he identified a critical threshold—the “Golden Line”—currently situated at $77,000.  Related Reading: Solana Price Surges Toward $140 — Here’s The Resistance Level To Watch This level has proven resilient since the bull run began in early 2023, and as long as Bitcoin remains above it, Doctor Profit believes the potential for a crash scenario is off the table. The analyst noted that Bitcoin is currently facing challenges in breaking through the “Hammer Line,” a critical resistance level. Historically, whenever Bitcoin has approached this line, it has faced immediate rejection. However, with strong support at the Golden Line, Doctor Profit is prepared for two potential scenarios.  Bitcoin Potential Breakout Scenarios If Bitcoin can break above the Hammer Line, he plans to close his short position from $90,000 and maintain his spot position acquired at $77,000. Conversely, if Bitcoin dips back to the $77,000 level, he intends to purchase more, having already set limit orders to capitalize on this price point. Looking ahead, Doctor Profit predicted that Bitcoin would likely continue to trade sideways within the range of the Hammer Line and Golden Line, specifically between $77,000 and $85,200. However, with Sunday’s spike, the Golden Line has been broken for the moment, pending a consolidation above it. However, several bullish triggers remain on the horizon, including potential agreements between the US and China, possible Federal Reserve rate cuts, and an increase in M2 liquidity. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip In the mid to long term, Doctor Profit believes Bitcoin is more likely to break out above the Hammer Line than to fall below the Golden Line. He cautioned against trading within the dangerous zone between these two critical levels, labeling it a “forbidden zone.”  A breakout above the Hammer Line would signal the end of the correction and a renewed ascent toward new all-time highs, while a breakdown below the Golden Line could indicate a significant shift in market sentiment and the onset of a deeper correction. While trading just above $87,200, BTC registers a nearly 4% surge in the weekly time frame.  Featured image from DALL-E, chart from TradingView.com 

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #bitcoin news #btcusd #btcusdt

The Bitcoin dominance in the cryptocurrency market is inching dangerously close to a long-term resistance level that has triggered major reversals in the past. This resistance level is highlighted on the weekly BTC.D candlestick timeframe chart.  Each time the dominance taps this descending trendline, it struggles to break through and eventually tumbles. Notably, Bitcoin’s dominance is now back around this resistance, and a technical outlook posted on the TradingView platform points to a crash to 40% within the next months. Bitcoin Dominance Could Crash To 40%: Good For The Altcoin Market The dynamics behind Bitcoin’s dominance have been different this cycle compared to previous ones. This is because the dominance has grown massively since the beginning of this cycle, leaving little room for an altcoin season like many have continued to expect. At the time of writing, Bitcoin’s market dominance is sitting at a yearly high of 63.2%, according to data from CoinMarketCap. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, an interesting technical analysis shows that the Bitcoin dominance is now tapping on a resistance trendline that puts it at risk of crashing below 40%, up until 34.9%. If that pattern holds true once again, the crypto market could be approaching a phase where Ethereum, XRP, and other altcoins regain strength in what many hope will be the next altseason. A drop in Bitcoin dominance will bode positively for altcoins, since it indicates that the altcoin market is outperforming Bitcoin. This will be characterized by a widespread increase in the prices of major altcoins, such as Ethereum, Solana, and XRP. In such a case, tokens like Ethereum, XRP, Cardano, Chainlink, BNB, and Litecoin, the so-called DINO coins that have survived multiple market cycles, are most likely to draw early attention from retail traders. However, unlike past bull runs, when only a few hundred altcoins existed and most received some attention, the crypto market is now saturated with thousands of altcoins. After the large market-cap altcoins, the rotation could move toward more niche sectors. Sectors such as Artificial Intelligence (AI), Real World Assets (RWA), and DeFi may also attract attention, but even within these categories, a strong filtering process will be applied to select the altcoins that will perform better.  Can Bitcoin Dominance Really Crash To 40%? The Bitcoin dominance crashing to 40% is not a new phenomenon, looking at how the 2017 and 2021 bull markets unfolded. However, such a phenomenon happening again is becoming increasingly difficult, considering Bitcoin’s position in the investment world today through Spot Bitcoin ETFs. These funds in these ETFs are locked up for the long term, meaning a rejection in BTC dominance may not automatically result in massive liquidity flows into the altcoin market, as seen in 2021 and 2017. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Even if Bitcoin dominance crashes toward 40% and ushers in a new altcoin cycle, many altcoins will eventually end in brutal drawdowns. Across past market cycles, the majority of altcoins have suffered losses of over 90% once bullish sentiment fades and capital flows back into stablecoins. Featured image from Dall.E, chart from TradingView.com