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As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading: XRP Sees Intense Capitulation As Realized Profit-To-Loss Ratio Plunges BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how close the leading crypto’s market bottom may be. In a video analysis on X, the market watcher explained that BTC’s deviations from previous all-time highs (ATHs) could serve as key reference points for this assessment. Notably, Bitcoin bottomed 22% from the 2017 peak during the last cycle’s correction. Now, it is trading roughly 14% below the 2021 peak of $69,000, which could suggest the bottom may be approaching. However, the analyst affirmed that this metric alone “doesn’t represent the mosaic of data that we need to be paying attention to.” He stated that the length of previous bear markets is a crucial indicator to factor in, noting that, historically, Bitcoin bear markets tend to last at least one year, sometimes extending beyond that. For instance, the flagship crypto took approximately 365 days to complete its full corrective phase during the 2021-2022 bear market. The current pullback has lasted about 240 days so far, which would depart from historical behavior and make it significantly shorter than previous cycles if the bottom is already in or close. If the current cycle follows a similar timeline to previous ones, BTC could have at least 120 days left in its corrective phase, with the bottom likely occurring around October and the possibility of further extension if the cycle mirrors longer historical patterns. Bitcoin Bottom Another 20% Below? The analyst highlighted that while the duration of the bear market is important, the depth of its retracement is another crucial factor. Last cycle, Bitcoin dropped 77%, while it declined 84% during its 2018 bear market. Nonetheless, the pullback has only reached 53% so far this cycle, suggesting there may still be room for additional downside. Based on this, he emphasized the trend of shallower bear markets, with the correction’s depth progressively diminishing roughly 7%-10% each cycle. If this pattern repeats, Bitcoin could see a potential retracement near 70% this cycle, placing BTC’s bottom in the high $30,000 range. Meanwhile, if the shallowing trend accelerates toward a 10% reduction, the bottom could form near the low $40,000 region. Related Reading: Bitmine Makes Largest Ethereum Purchase Of 2026 As Tom Lee Dismisses Market Selloff These factors point to a critical period over the next four to five months, the analyst affirmed, in which another leg down of up to 20% remains possible. He noted that similar phases have historically included periods of consolidation followed by additional declines before the final bottom forms. Ultimately, Rekt Capital asserted that this period is crucial as it lays the foundation for the next bull cycle. “This bear market here (…) precedes an entire period of multi-year upside. And I think that’s why it’s important, as a result, to focus on the importance of this bear market bottoming out period over these next few months because we’ll then see a multi-year period of upside,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

As the XRP price attempts to rebound from its recent lows, Glassnode has shared key on-chain metrics pointing to weakening momentum and “intense capitulation.” Related Reading: Bitmine Makes Largest Ethereum Purchase Of 2026 As Tom Lee Dismisses Market Selloff XRP Profit/Loss Ratio Falls To Lowest Levels Since 2024 On Tuesday, market intelligence platform Glassnode revealed that XRP is flashing warning signals, with key on-chain indicators pointing to widespread capitulation and decreasing network activity. In an X post, Glassnode researchers highlighted that the 90-day moving average (MA) of the altcoin’s Realized Profit-to-Loss Ratio has fallen to an area historically associated with deeper downtrends and periods of market capitulation. Notably, the key metric has dropped to 0.38, its lowest level since 2024, meaning that for every dollar of losses realized in the market, only 38 cents in profit are being taken. This marks a significant reversal from the 2025 peak, when the ratio surged to 50, indicating profit-takers outpaced loss-sellers by a factor of 50. That dynamic has now fully inverted, Glassnode affirmed, adding that a ratio this low suggests that most participants moving XRP are exiting their positions at a loss, which is “a hallmark of intense capitulation.” In addition, the blockchain analytics firm pointed out that network activity has declined significantly. According to the data, the 90-day average of total transaction fees paid on the XRP network has fallen from 5,900 XRP in February 2025 to just 500 XRP, representing a 91.5% drop. “A drop of this magnitude is not a fee market adjustment. It reflects a near-total contraction in organic transaction demand on the network since the speculative peak,” Glassnode affirmed. The drop in these indicators suggests investor confidence has weakened, and the market has shifted to reduced speculative appetite with subdued participation. Is XRP’s Bottom Near? Over the past two weeks, XRP’s price has retraced nearly 15%, falling to its lowest levels since November 2024. Amid this performance, analyst ChartNerd noted that the cryptocurrency’s bear markets have historically lasted 400-790 days with 85-96% drops. Currently, the altcoin has only corrected for approximately 350 days, with a 71% retracement from the July highs. However, “the duration and % depth of these bears are diminishing over time; therefore, the territory for marking a historical bottom between now and EOY is fast approaching,” he stated. He also observed that the altcoin closed below its 200-week Simple Moving Average (SMA) last week, which could also signal that the bottom may be on the horizon. As he explained, during prior cycles, a structural bottom formed between 8 and 29 weeks after the first weekly close below this SMA, suggesting that XRP could begin forming its bottom in the coming months, if history repeats. Meanwhile, market watcher Ali Martinez noted that XRP could be mirroring the same pattern it has repeated since 2018, as it may be approaching its largest buying zone in the last eight years. Related Reading: Bitcoin’s Rise May Have Little To Do With The Latest Purchase News “For nearly a decade, every touch of this rising trendline has marked a major turning point, sending XRP back toward the $3 resistance,” the analyst stated, adding that the cryptocurrency is currently approaching this trendline again, with support sitting between the $0.70 and $0.90 levels. If this zone holds, a rally back to $3 becomes “a realistic scenario.” Moreover, if XRP finally breaks above the eight-year resistance, around $3.30, the next macro target may be between $8 and $13, the analyst concluded. Featured Image from Unsplash.com, Chart from TradingView.com

Bitmine, the world’s largest Ethereum treasury, has ramped up its ETH buying during the latest crypto market correction, making the company’s largest purchase of 2026 to date. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic Bitmine Doubles Down On Ethereum On Monday, Bitmine Immersion Technologies announced it had bought over 126,971 ETH, worth roughly $214 million, during last week’s dip, marking the treasury’s largest purchase so far this year. Now, Bitmine’s crypto and cash holdings sit at $9.6 billion at current prices, comprised of 5,543,872 ETH at $1,630 per ETH, 204 Bitcoin (BTC), a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $247 million. In a statement, Bitmine’s Chairman, Tom Lee, explained that the firm saw the recent price dip, which sent Ethereum to a one-year low of $1,505 on Sunday, as a buying opportunity, arguing that Ethereum’s fundamentals are strengthening. “We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. This is not surprising given we are in the early stages of crypto spring,” he said. Lee argued that the broader crypto market sell-off was a “superficial take,” driven more by short‑term panic than by real weakness. He also affirmed that the recent Zcash Orchard incident strengthens Ethereum’s use case. AI systems are going to find flaws in centralized financial services rails and weak decentralized protocols. We believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like Ethereum. Therefore, the treasury firm believes that “ETH prices should not be coming under pressure,” he added. After the latest purchase, the firm’s ETH holdings have reached 4.59% of the altcoin’s total supply. Lee expects the company to reach its 5% supply goal “sometime in 2026.” ETH Eyes Key Technical Level Despite Bitmine’s continuous bet on Ethereum, the king of altcoins has struggled over the past week, retracing roughly 15% and losing the February lows for the first time in four months. Market observer Ash Crypto noted that ETH is repeating a setup that was seen once before during the last bear market. “Back in June 2022, ETH broke through every support level and crashed to $880. Everyone gave up on it. That turned out to be the exact bottom of the whole bear market,” he wrote. This time, Ethereum has retraced 68% from its 2025 peak and broken through every support level after losing the 200-week Moving Average (MA), which sits around $2,471. Now, the next key support to watch is at $1,500, which could determine whether ETH repeats its previous playbook. Related Reading: Bitcoin’s Worst Week Of 2026 Is Happening Right Now — QCP Explains Why The Bottom Isn’t In Yet If ETH holds $1,500, the market watcher believes that the setup could play out exactly like in 2022, which led to a 5x over the next 18 months. On the contrary, if Ethereum loses the $1,500 in the weekly timeframe, he suggested the price could fall all the way to the $1,000 area, where the next major support zone is located. As of this writing, ETH is trading at $1,687, a 4.8% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Related Reading: Zcash Fixes Critical Orchard Vulnerability As ZEC Holds $600 Support Bitcoin Tags Key 200‑Week SMA After Four Years After falling 15% over the past four days, Bitcoin is attempting to reclaim the $64,000 level as support. The flagship crypto had been trading between $64,000-$82,000 since the early February crash, holding above the upper half of the range for nearly two months. However, this week’s broader volatility pushed BTC toward the range’s lower boundary for the first time in months, reaching a four-month low of $61,383 on Wednesday night. Amid this performance, market observer Rekt Capital highlighted that the cryptocurrency had tagged the 200-week Simple Moving Average (SMA) for the first time in this bear cycle, which may signal that another correction is coming. As he explained, deviation below this SMA has “historically been the key to building out a Bear Market bottom formation.” In June 2022, Bitcoin reached this level during its bear market correction, quickly losing it as support on the weekly timeframe. Following the initial drop below the 200-week SMA, the leading crypto traded sideways, briefly retesting this level before continuing its descent to its late 2022 bear market bottom. Now, BTC has reached this key SMA nearly four years later, suggesting a drop to new lows if the 2022 playbook repeats. The analyst noted that Bitcoin has been rejected from a critical area and has broken a key level, another similarity to past bear market corrections. According to the post, BTC was rejected from the base of the Macro Triangle after failing to break past the $82,500 area, revisited the 50-Month EMA during the recent drop, and is currently breaking down from this EMA, a setup that has repeated each cycle before the market bottom. BTC’s $60,000 Support About To Give In? Rekt Capital pointed out that Bitcoin rallies from the $60,000 region have progressively weakened since 2024, signaling deteriorating support. While the price surged 113% from this area during the mid-2024 rally, the February 2026 retest only generated a 38% move. Now, the cryptocurrency has bounced 4% so far, “but it’s very likely that the rebound from here will be even weaker,” the analyst stated, adding that the “$60,000 area will be completely lost as support over time.” He also stated that during bear markets, Bitcoin tends to form multi-month price clusters, followed by new Macro Lower Highs before distributing from the clusters to reach new lows. “The good news is there are 1-2 such clusters left in this Bitcoin Bear Market, with the Bear Market Bottom being the final cluster,” he concluded. Related Reading: Ethereum Ready For The ‘Final Dip’? Analysts Call For New Lows As Price Retests $1,900 Meanwhile, Ali Martinez affirmed that the recent breakdown from the $72,000 support has left Bitcoin “in a vulnerable position,” as it opens the door for a 25%-30% correction based on the MVRV Pricing Bands. The analyst previously noted that Bitcoin has consistently bottomed between the 1.0 and 0.8 MVRV Pricing Bands over the past decade. Now, the next major area of support is between $54,000 and $50,000, where the 1.0 pricing band is located. Featured Image from Unsplash.com, Chart from TradingView.com

After the latest Ethereum (ETH) pullback, some analysts have pointed to a bearish setup that suggests the leading altcoin could see another correction toward its potential market bottom. Related Reading: Arthur Hayes Bets $100K On Hyperliquid, Says HYPE Will Beat Solana By Year‑End Ethereum Bear Setup Breakdown Spells Trouble On Tuesday, Ethereum saw a 5.5% intraday drop from its daily opening, falling below the $1,900 barrier for the first time since late February. Notably, the King of Altcoins broke down from its five-day range between $1,965-$2,035, reaching a two-month low of $1,880. Amid today’s broader pullback, which also sent Bitcoin (BTC) toward the $67,000 support, market observer Trader Tardigrade affirmed that ETH’s final correction may be around the corner as a key bearish pattern is “repeating perfectly.” The trader pointed out a breakdown from a bear flag formation on the altcoin’s three-day chart. The setup had been forming since the February market crash, with the cryptocurrency breaking out of the pattern’s lower boundary around mid-May, when the price lost the $2,200 area. According to the above chart, this is the second time this pattern has formed since the Q3 2025 highs, with the first setup developing between late 2025 and early 2026, and resulting in the Q1 2026 40% crash. More importantly, Ethereum appears to be repeating the same path as its correction from the Q4 2024-Q1 2025 rally. After topping in late 2024, the cryptocurrency printed two consecutive bear flags, followed by a fresh leg down, before reaching its local bottom and eventually starting a new bullish rally. Now, “the structure is identical. Same breakdown. Same setup,” which suggests that “the final dip” toward the market bottom may be around the corner. “Once this dip completes, we’re headed straight into the next explosive leg up,” the trader stated. Where Is ETH Headed? Analyst Rekt Capital noted that Ethereum closed the month below its multi-year uptrend for the second time in five months. The last time this happened, the altcoin saw a “limited move to the upside” but was quickly rejected from the crucial $2,400 horizontal level. This signals that the rallies stemming from this trendline “are clearly weakening,” with the multi-year uptrend “likely faltering.” According to the analysis, ETH must hold the 2026 lows, around $1,750, or reclaim the uptrend to avoid a deeper correction. Similarly, Ali Martinez named this level a crucial support amid the recent price action. As he explained, Ethereum is approaching the bottom of its four-month horizontal channel, which is near the $1,825 level. To the analyst, “that area could offer a favorable risk-reward entry targeting $2,073 and $2,360, as long as price remains above $1,750 on a daily closing basis.” However, he has previously warned that since the price was rejected from the mid-zone of a multi-year channel and the 200-week Simple Moving Average (SMA), the altcoin risks a deeper correction. Related Reading: The Bitcoin Retracement Rally And The Resistance Level That Could End It All Therefore, if ETH sees a weekly close below the $1,850 area, “downside acceleration becomes highly likely,” with the channel structure pointing to two major downside targets, from a technical perspective. Martinez concluded that the initial retracement would see Ethereum retest the interim structural support around $1,560, while a deeper correction could push the price near the lower boundary of the multi-year range, at $1,070. Featured Image from Unsplash.com, Chart from TradingView.com

As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen Arthur Hayes Doubles Down On Hyperliquid On Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization. In an X post, he asked long-time Solana believer and Chairman of Forward Industries, Kyle Samani, to do “a gentleman’s charitable bet” on which token would have the best performance by the end of the year. “I put $100k on the line to a charity of your choice that HYPE outperforms any other current top ten crypto in USD terms from now until year end. Who is your champion?” Hayes stated. Samani accepted the deal, choosing Solana as HYPE’s competitor. Notably, the Forward Industries chairman has been publicly critical of Hyperliquid, previously alleging that “Building trust is antithetical to the way Hyperliquid operates” and calling it “Binance 2.0” regarding its regulatory status in the US. Hayes’s bet follows his conviction on HYPE’s future price action. He recently affirmed that Hyperliquid “should at a minimum overtake SOL before this bull run is over,” citing the performance of most top cryptocurrencies on short and mid-term timeframes. Earlier this year, he also asserted that the cryptocurrency could surge to $150 by August 2026, roughly 5x higher than its then-$30 price, even if the broader crypto market continues to perform weakly. Since then, the token has already surged nearly 2.4x, flipping Dogecoin (DOGE) to enter the top 10 cryptos by market capitalization, and continuing to reach new all-time highs over the past few weeks. HYPE To Rally To $163? Over the weekend, Hyperliquid broke past the $65 resistance and began a multi-day price discovery streak that has been developing since Friday. After breaking the $70 on Sunday, the cryptocurrency jumped nearly 6% to reach its latest all-time high of $74.18 on Monday morning. Amid this performance, market observer Ali Martinez retracted his previous warning about a potential top, noting that “HYPE continues to make new record highs, pushing deeper into price discovery.” Last week, the analyst shared the “unpopular opinion” that Hyperliquid had reached its market top after reaching its recent highs and printing sell signals on the TD Sequential daily and three-day charts. As reported by NewsBTC, Martinez had highlighted that HYPE was “approaching a critical resistance area while multiple indicators are flashing warning signs,” following its massive performance. He pointed out that the token was seeing a similar setup to the last two times TD Sequential sell signals appeared on HYPE’s chart, while the RSI and Chande Momentum Oscillator were also at overheated levels, which led to significant corrections. Related Reading: XRP Ledger Targets Flash Loan Attacks With New DeFi Security Proposal Based on that, he stated that Hyperliquid could still push toward $59 or slightly above $60 before momentum faded, warning that a rejection from that area could increase the chances of a retrace toward the $40 support. Now, the analyst noted that these sell signals have been invalidated, and shared potential price discovery rally targets of $97 and even $163, as momentum continues. As of this writing, HYPE trades at $71.8, a 16.8% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) is at a pivotal level as geopolitical tensions rise and bearish setups emerge, prompting some analysts to warn of a potential 15% correction if a critical support area doesn’t hold. Related Reading: Dogecoin Rally Loading? Analyst Eyes ‘Imminent Breakout’ From Textbook Falling Wedge Pattern Bitcoin Eyes Channel Support For Next Move Following news of renewed US strikes against Iranian targets, Bitcoin dropped roughly 5% from $76,000 to a one-month low of $72,589. At the start of the week, the cryptocurrency had been trading between $77,000-$78,000 after recovering from last week’s pullback. However, the growing geopolitical tensions have pushed the price toward a critical area. Analyst Ali Martinez affirmed that BTC reached a major support zone after losing the $75,000-$76,000 area. He previously said that leading crypto has been consolidating inside an ascending channel that has been developing since the early February crash, with two crucial levels likely to define the direction of its next move. As he explained, if Bitcoin broke above the $78,258 resistance, it could trigger a rally toward the $84,000 barrier, while breaking below the $75,733 support could push the price toward the late March-early April lows. Now, the price is consolidating at the lower boundary of the ascending channel, which could set the stage for a 15% drop. According to the post, the channel’s floor aligns with the 100-day Simple Moving Average (SMA) and the 23.6% Fibonacci retracement level, making the current price levels a crucial area. “This cluster between $73,000 and $71,300 serves as a major structural floor,” he stated, noting that if buyers defend this zone, a “steady expansion back toward $77,000 or even $79,500” could be expected. On the contrary, he warned that if Bitcoin loses the $71,300 flows, “it would open the door to an extended value window near the February base of $60,000.” BTC Bearish Setup Signals Risk Of Further Decline Market observer Mister Crypto shared a bearish outlook on the flagship crypto, citing a textbook bearish formation on BTC’s daily chart. According to the trader, Bitcoin has been forming a Head and Shoulders pattern since mid-April, with the setup’s neckline around the $75,000 level. The chart shows that the cryptocurrency formed the left shoulder during the late April pullback and later developed the head during this month’s rally. Meanwhile, the pattern’s right shoulder began forming after the rejection from the $82,500 resistance. The trader affirmed that the pattern is playing out “almost perfectly,” which “confirms the bearish thesis” and suggests a drop to lower levels may be around the corner. “Now that we have broken back into the range after losing $75,000, the probability of a move toward the range lows around $63,000 is increasing,” the analyst wrote. Similarly, analyst Daan Crypto Trades noted that Bitcoin is “putting in a similar reaction after that horizontal level and Daily 200MA/EMA retest compared to January this year.” Related Reading: BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy Notably, BTC consolidated above the early November lows for roughly two months before rallying mid-January toward the 200-day Exponential Moving Average (EMA) and the crucial $98,000 horizontal level. The cryptocurrency was rejected from this area, briefly consolidating near the local lows before breaking down toward new lows. Now, the price has seen a similar performance, retesting and rejecting from both the horizontal $80,000 level and the 200-day MA and EMA. As a result, the analyst considers that BTC will see “another lower high in the bigger down trend until proven otherwise.” Featured Image from Unsplash.com, Chart from TradingView.com

As Dogecoin (DOGE)’s price attempts to hold a crucial support level, an analyst flagged potentially bullish technical setups that could set the stage for a major move in the coming months. Related Reading: BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy Dogecoin Historical Setup Targets Massive Expansion On Wednesday, Dogecoin continued its sideways trajectory between the $0.100-$0.105 local range. The cryptocurrency has been trading within this area for the past four days, after recovering from its one-month low of $0.097 recorded on Saturday. Amid this performance, market observer Trader Tardigrade shared a bullish outlook for the cryptocurrency, analyzing DOGE’s chart on multiple timeframes. He pointed out a “textbook” falling wedge setup on the daily timeframe, which has been forming since early May. The analyst asserted that this pattern is “one of the most reliable bullish reversal patterns,” with the breakouts “almost always lead[ing] to explosive upside.” Dogecoin has been compressing inside this pattern for a couple of weeks, and it’s currently sitting near its apex, while also retesting the formation’s upper boundary. Based on this, the analyst suggested that DOGE is “coiled and ready” for a breakout and potential rally to at least the May highs. Trader Tardigrade also shared the memecoin’s monthly chart, affirming that “a massive surge is coming.” He asserted that Dogecoin appears to be repeating a setup that has previously led to explosive performances. According to the chart, the cryptocurrency is forming a new solid base structure, suggesting that a breakout and rally toward new highs could begin in the coming months. Notably, this structure previously formed ahead of the 2017 and 2021 all-time high (ATH) rallies. As the new multi-year base develops, the analyst stated that DOGE is in “the best accumulation period, adding that “every single time DOGE entered an accumulation zone, it consolidated sideways before exploding into a parabolic rally.” He asserted that this pattern has appeared in 2015-2017, 2019-2020, 2023-2024, and “always leads to an explosion.” DOGE’s Short-Term Fate On The Line In an X post, market watcher Ali Martinez affirmed that Dogecoin “looks ready for a deeper price correction.” As he noted, the cryptocurrency has been trading between $0.088 and $0.115 over the past three months, forming a parallel channel. During the April-May market rally, the leading memecoin was able to climb from the channel’s lower half toward its upper boundary, briefly breaking above this crucial resistance in mid-May before retracing. Following the latest rejection, the cryptocurrency dropped to the channel’s mid-range around $0.102, falling below this level during last week’s pullback. This area aligns with the 50-day Simple Moving Average (SMA), which has served as a key support during the recent market recovery. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says Therefore, the analyst highlighted the importance of this level, asserting that if it holds, investors could expect a rebound toward the top of the channel. On the contrary, he warned that if Dogecoin falls below this level, a retest of the channel’s lower boundary would be likely. As of this writing, DOGE is trading at $0.101, a 2.4% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week. In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the company’s holdings. “We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ETH, with Bitmine now owning nearly 5.4 million ETH tokens,” stated Lee. Now, the company’s crypto and cash holdings have reached $12.3 billion at current prices, comprised of 5,390,404 ETH at $2,134 per token, 203 Bitcoin (BTC), a $200 million stake in Beast Industries, an $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $444 million. The latest buy has pushed BitMine’s Ethereum holdings closer to its goal of controlling 5% of ETH’s 120.7 million supply, reaching 4.47% of the supply, 89% of its goal, in just 11 months. As a result, “Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” the chairman affirmed. In addition, the company revealed that 4,712,917 ETH of its holdings, worth about $10.1 billion, have been staked. Lee also shared that, “At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $276 million annually (using 2.75% 7-day BMNR yield).” Analysts Eye $1,850 Support Recently, Lee suggested that Ethereum could rally toward new highs by the end of the year, based on his belief that the “crypto winter is over” and a recovery rally could take place over the coming months. However, some market observers have warned that a long-term bullish rally is not likely this year. In an X post, analyst Ali Martinez highlighted that ETH has been trading within a broad, multi-year range since 2021. After falling back to the channel’s lower half earlier this year, the altcoin recently faced a “clean rejection at the mid-range of this structure,” which coincided with a rejection from the 200-week Simple Moving Average (SMA), signaling weakness. Related Reading: XRP, ETH, SOL, LINK Look Cheap—The Catalysts That Could Drive The Next Leg Up As the price fails to reclaim this area, the analyst noted that the most critical level to hold remains $1,850, explaining that a weekly close below this support would likely trigger downside acceleration. He suggested that this could open a great opportunity for investors, based on the MVRV Pricing Band: Right now, the highly watched 0.8 MVRV Pricing Band is sitting right around $1,850. Historically, whenever Ethereum drops below the 0.8 MVRV band, the move is not sustained for very long. (…) History shows that this exact zone represents a high-probability macro accumulation window that builds the ultimate foundation for the next major bull market. Lastly, he affirmed that to invalidate the bearish scenario, ETH would need two clear triggers: a reclaim of the 200-week SMA, located around $2,500, and a clean break above the 50-week SMA around $3,100. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some market observers outline the key levels that will define the direction of the flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial Levels Over the weekend, Bitcoin fell roughly 4.5% amid geopolitical tensions, reaching a one-month low of $74,289 before recovering. On Monday, the leading cryptocurrency surged another 1.6%, jumping back above $77,000. Amid this performance, Ali Martinez outlined two crucial price levels that will determine whether BTC “launches into its next major expansion phase, or if it extends its current value reset to offer a premier buying opportunity.” The analyst explained that Bitcoin has been in a consolidation phase since the February crash, moving within a channel throughout this structural reset, allowing the market to build liquidity “before its next definitive move.” Notably, BTC is near the upper boundary of its channel following a recent rejection at the crucial $82,500 resistance. Martinez noted that buyer conviction has been aggressively scaling up as the price tests this level, with derivatives traders heavily positioning for a breakout, and funding rates recently hitting 0.4%, the highest level in over two months. He previously explained that when funding rates climb this high, it signals that the derivatives market is “completely dominated by aggressive buyers,” and “traders are willing to pay a hefty premium just to maintain their long positions” as the predominant market bias remains significantly tilted toward an upcoming expansion. Meanwhile, on-chain data shows that some of the largest whales have been using this tight range to “rebalance their portfolios,” redistributing over 18,447 Bitcoin, worth roughly $1.42 billion. “This supply consolidation has placed BTC between resistance at $78,258 and support at $75,733,” he stated. Therefore, reclaiming this resistance could trigger a rally to $84,569, while losing the key support could send Bitcoin to $66,898. More Pain To Come? Other market observers also highlighted the $75,000 and $78,000 as the crucial levels in the short and mid-term. Daan Crypto trades emphasized that the Bitcoin bull market support band is currently between these levels. As BTC has failed to hold the upper boundary of this band as support for two consecutive weeks, Daan affirmed that bulls “need to keep holding (…) to keep this short/mid timeframe momentum in their favor.” He previously warned that falling below the $75,000-$76,000 area and weekly closes below it would suggest that the April-May recovery rally was “just a big deviation/dead cat bounce.” Meanwhile, Merlijn The Trader noted that Bitcoin has been rejected from the 200-Day Moving Average (MA). According to the post, this is the same level that capped the 2022 bull trap, which led to a 40% correction from that area. Like the other analysts, he affirmed that losing the $75,000–76,000 zone would accelerate the move to new lows, with an initial target of $67,000, where a CME Gap is located. He also pointed out that BTC’s tops tend to end the same way: three bumps on the 21-week SMA followed by the market lows Related Reading: HYPE Rally Accelerates Above $60 As High-Profile Whale Quietly Builds His Position The trader observed that after reaching its $69,000 cycle peak in 2021, Bitcoin retested the 21-week SMA on three occasions during its correction before reaching its bear market bottom. This time, BTC has retested this key indicator twice, suggesting that another drop to the “real bottom,” near $50,000, could follow in the coming months, if history repeats. Featured Image from Unsplash.com, Chart from TradingView.com

While XRP attempts to hold a crucial area, some analysts have pointed to key indicators that could dictate whether the recent pullback is temporary or marks the start of a deeper correction. Related Reading: Bitcoin Rally On The Line: Analyst Explains Why This Weekly Close Is Critical XRP Rally Faces Critical Resistance On Tuesday, XRP continued its recent decline, falling to the $1.35 area, its lowest level since late April. The cryptocurrency has been trading between $1.36 and $1.50 over the past month, attempting to break out of the upper boundary on multiple occasions. Last Thursday, the altcoin rallied above this key resistance on the CLARITY Act progress, reaching a two-month high of $1.54. However, the price was quickly rejected from this level, tracing roughly 12% over the past five days. As the altcoin retested the $1.35 area, market observer ChartNerd stated that XRP risks another price correction toward new lows, affirming that “the data speaks for itself.” The analyst highlighted some concerning signals for the altcoin’s rally, including a major resistance area above and the confirmation of a death cross in the weekly Stoch RSI. He pointed out that the weekly 20 and 50 EMAs, sitting at $1.50 and $1.80, are two crucial resistance levels that had not been retested since their January 2026 crossover, which led to XRP’s drop to its February low of $1.11. He also noted that the weekly Stoch RSI crossover has previously marked a local top for XRP, with the last two crosses producing deeper corrections and the latest one coinciding with the relief rally that led to the weekly EMA death cross four months ago. After the recent rally to $1.54, the price has now retested the weekly 20 EMA for the first time since the January crossover. A failure to successfully break above this level and turn it into sustained support “will likely open the next leg down later this year,” the analyst said. ‘Next Big Move’ Targets $1? ChartNerd emphasized XRP must reclaim both EMAs and turn them into support to invalidate the bearish scenario, but added that “it just doesn’t feel like the right time yet.” Even if the altcoin breaks toward $1.80, the analyst considers that the price will likely fail to hold it long-term and “at least come back to, at a minimum, fill in most of this wick back down towards the lower dollar levels.” He has explained that a rejection from these EMAs could potentially send the altcoin toward a cycle bottom of $0.70, as it is a previous level of macro resistance that hasn’t been retested yet. Meanwhile, analyst Ali Martinez affirmed that XRP is ready for a big price move. He highlighted that the altcoin has been developing the “tightest Bollinger Band squeeze” on the three-day chart in over a year, calling the current compression zone a “definitive ‘no-trade zone.’” Related Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? He noted that when volatility compresses this tightly, “it’s a signal that a violent price expansion is approaching.” Therefore, the market observer advised investors to wait for a clean three-day candlestick close out of XRP’s current range, between $1.29 and $1.50, to confirm the next major trend direction. A close above the upper boundary would signal an expansion toward the $1.80 is likely. On the contrary, a breakdown from the lower boundary would invalidate the immediate bullish structure and open the door for a deeper correction toward the $1.00 psychological support. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin started the new week falling to a new local low of $76,050. The cryptocurrency had been trading between $76,300 and $82,500 throughout its May rally, failing to break out of the crucial resistance despite multiple attempts. In a Monday analysis, market observer Rekt Capital noted that Sunday’s drop saw BTC close below the key 21-Week Exponential Moving Average (EMA), around the $78,000 area, after successfully retesting this level as support for multiple consecutive weeks. The analyst explained that this performance “shows how lackluster the buy-side strength has been at the 21-Week EMA support, producing a limited rally even after multiple successful retests.” It also means the price is positioned for a bearish retest of this level, with any future short-term relief rally potentially turning the EMA into resistance. He highlighted that a rebound is likely as Bitcoin has now formed a new weekly CME Gap around that area. Therefore, the potential relief rally would turn the 21-Week EMA into new resistance and would also serve the newly formed CME Gap. “It would turn the old CME Gap area into new resistance; after all, the previous CME Gap served as a Range which has technically been lost given the Weekly Close below the old CME Gap bottom,” the market observer added. Rekt Capital emphasized that this week is critical for reversing the bearish sentiment, with Bitcoin needing to close above the EMA and at least within the CME Gaps to reclaim its bullish momentum. BTC Faces ‘Cascading Dumping’ Pattern Meanwhile, analyst Easy On Chain affirmed that the Bitcoin sell-off may not be over yet, as it is not facing a simple short-term correction, but a “structurally driven crisis fueled by cascading leverage liquidations and deep spot-market fear.” Based on CryptoQuant data, he highlighted a “clear cascading dumping” pattern in which capitulation from Bitcoin long-term holders triggers panic selling among short-term investors. The data shows that long-term holders who bought 6 to 12 months ago have an average realized entry of around $110,851, meaning many entered deep unrealized losses territory after the recent collapse. Since Thursday, on-chain flows reveal heavy exchange inflows from these holders, with the Spent Output Age Bands (SOAB) ratio for 6–12 month coins surging to 10.54%, far from the normal 1% level. Historically, this has led to large-scale capitulation, increasing spot-market selling pressure that ultimately spreads to short-term investors. Related Reading: Bitcoin Price Extends Decline, Downside Pressure Builds Aggressively In addition, ultra-short-term supplies, which account for roughly 80% of exchange inflows, are currently being dumped at a loss below the critical break-even point (1.0), indicating that most short-term inflows are not profit-taking, but loss-cutting driven by fear. “The current decline is therefore an internally driven market crisis caused by derivative liquidations, large-scale long-term holder capitulation, and cascading panic from short-term participants,” he concluded, affirming that “until this toxic supply is fully absorbed and sentiment stabilizes, a rapid V-shaped recovery remains unlikely,” and investors should avoid aggressive dip-buying. Featured Image from Unsplash.com, Chart from TradingView.com

After being rejected from the $1.55 barrier on Thursday, XRP dropped nearly 8%, continuing its consolidation below this crucial resistance. Amid this performance, a market watcher highlighted a multi-year pattern that could push the price toward new highs. Related Reading: Ethereum TD Sequential Flashes Sell Signal – Is A New 50% Corrective Phase Starting? XRP Multi-Year Pattern Takes Shape On Friday, market observer ChartNerd shared a long-term perspective on the XRP price, based on a multi-year formation with “significant macro future upside potential waiting ahead.” In an X post, the analyst highlighted a Cup and Handle pattern, which has been forming since 2018. The chart below shows that the pattern completed the cup during its mid-2025 rally and has been forming the handle since the altcoin reached its latest all-time high (ATH). Based on this, he suggested that XRP “may seek a Gaussian Channel retest to mark a periodic bottom,” as the indicator has been a strong confluence area over the past nine years. Notably, the cryptocurrency has seen three similar retests within the cup, and also marked the cycle low in 2017. Now, the $0.70-$0.90 area may also mark the handle’s bottom, where the 0.50 FIB level awaits in the same territory as support. The market watcher has previously explained that a rejection from the $1.60-$1.80 area is likely and will potentially send XPP toward a cycle bottom of $0.70 later in the year, as it marks a prior level of macro resistance that hasn’t been retested yet. Nonetheless, he affirmed that, regardless of where the macro low is marked, “future FIB extensions await above targeting $8,” with two potential double-digit targets sitting around the $13 and $27 marks. 2,000% Expansion Ahead? ChartNerd also noted that the potential handle bottom of the Cup and Handle formation aligns with a key multi-year retest inside a fractal. For context, XRP appears to be repeating a setup that led to its massive 68,000% expansion during the 2017-2018 rally. Ahead of its 2027 breakout, the cryptocurrency retested its multi-year ascending support three times, experiencing significant advances followed by strong corrections inside descending channels. Since 2020, the altcoin has been developing the same pre-breakout setup, when XRP reached its bear market bottom and created an ascending support level that has held for roughly six years. Related Reading: DEF Warns ‘Anti‑DeFi’ Amendments To CLARITY Act Could Threaten Users, Developer Protections After two retests of the crucial support, the cryptocurrency appears to be developing the same descending channel, which could lead to a third retest of the ascending trendline, and an eventual 2,000% multi-month rally toward a new double-digit high. “If XRP respects this pattern into late 2026, this is where we could potentially create the third retest, which is what we saw in the early cycles before the expansion in 2017,” the analyst previously stated. As of this writing, XRP trades at $1.43, a 6% decline on the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the market reacts to the latest crypto legislation, Ethereum (ETH) is flashing warning signs after a fresh technical sell signal emerged for the first time in months and a spike in on‑chain realized profits. Related Reading: DEF Warns ‘Anti‑DeFi’ Amendments To CLARITY Act Could Threaten Users, Developer Protections Ethereum Risks New Leg Down After Key Sell Signal On Thursday, Ethereum jumped 3.5 % intraday before hitting its three-day $2,320 resistance area. The move follows the advancement of the crypto market structure bill, known as the CLARITY Act, to a full Senate vote after a 15-9 bipartisan vote during the Senate Banking Committee’s long-awaited markup session. The King of altcoins has been moving sideways between $2,200 and $2,400 over the past month, which some have called a “no-trade zone.” While many analysts suggest that a breakout above the upper boundary is coming, analyst Ali Martinez has warned that Ethereum may be close to a major correction. In an X post, the market observer highlighted that a new sell signal has emerged on ETH’s weekly chart for the first time in nine months. He explained that the TD Sequential indicator has been highly precise in anticipating the altcoin’s trends since April 2025, with every signal on the weekly timeframe validated by significant price action over the past year. In mid-April and mid-June 2025, the key indicator flashed two buy signals, resulting in multi-week rallies of 87% and 134%, respectively. Meanwhile, it flashed a sell signal in late August 2025, which accurately timed a 63% correction from its all-time high (ATH) levels toward the February lows. Now, the latest weekly signal “suggests Ethereum is entering another corrective phase,” which could push the price to new local lows. If selling pressure accelerates, Martinez shared an initial target of $1,900, followed by potential mid- and long-term targets of $1,565 and $1,090. Time To Turn Cautious Or Bearish? Blockchain analytics firm Santiment highlighted that Ethereum realized profits rose to $74.58 million, its highest level in three weeks, even as the price fell 5.5% over the past three days. It noted that although this setup may seem “counterintuitive” given the recent pullback, it does not necessarily mean investors should turn completely bearish. As the firm explained, holders with a much lower cost basis are the ones taking profit during the mid-May dip. These traders accumulated back in February and March when Ethereum was below $2,000 amid market uncertainty and geopolitical risks. As a result, those who purchased during that period are still in profit despite the recent decline and may “have decided to sell while they feel they still have the opportunity to enjoy a profit.” Related Reading: Bitcoin Rally At Risk: This Critical Resistance Could End BTC’s Bullish Run Meanwhile, on-chain activity volume increased, with 4-hour candles showing notable price compression around the $2,241 level. Santiment emphasized that more transactions generate more Profit and Loss (P&L) realization events and that even modest individual profits elevate network-level total volumes. Based on the current Ethereum trader behavior, the firm told investors they do not necessarily need to turn bearish, but should instead “lean cautious” while waiting for clearer signals. “Watch for deeper realized losses as a potential bottoming signal, and don’t position aggressively until the distribution phase shows clear signs of ending,” it concluded. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) attempts to hold $80,000 as support, some market analysts have warned about a crucial resistance area that could make or break the flagship crypto’s bullish rally. Related Reading: Crypto Funds Extend Six-Week Streak With $858M Inflows On CLARITY Act Progress Bitcoin Bull Rally Meets Key Resistance In a Tuesday analysis, market watcher Ali Martinez highlighted a “crucial resistance barrier that has the potential to put an end to the recent Bitcoin bull rally” that has sent the price to its highest levels in months. He explained that BTC has been attempting to clear the 200-day Simple Moving Average (SMA), near $82,500, for three consecutive days. A breakout above this level could trigger a rally toward the $94,000 area, Martinez affirmed, while a rejection could send the price to retest the 50-day SMA around $75,000. However, the failure to reclaim this level may suggest that the market “is struggling to find the follow-through volume needed for a breakout.” The analyst pointed out that a recent shift in miners’ behavior could reinforce the resistance area above. Over the past month, Bitcoin miners have been steadily taking profits, offloading over 3,400 BTC they’ve held since the $72,000 range to cover operational costs or lock in gains at the recent highs. “This added supply could strengthen the overhead resistance,” he affirmed. Meanwhile, retail and futures traders are “aggressively increasing their risk appetite,” with the Estimated Leverage Ratio currently at a yearly peak, indicating an overextended market reliant on borrowed funds. Most of this leverage is skewed toward long positions, creating liquidation walls at $75,000, $73,000, and $70,000, Martinez added, warning that if Bitcoin can’t flip the $82,500 resistance into support, “the market may look to flush this leverage by testing those lower levels.” BTC Poised For Another Correction? Analyst Rekt Capital offered a macro perspective, suggesting Bitcoin may fail to reclaim the crucial resistance and fall to new lows in the coming months. He highlighted BTC’s breakdown from its macro triangle base around $82,500, which has sent the price retest the 50-month EMA. Historically, when Bitcoin breaks down from its macro triangle, the price retests its 50-month EMA as support and briefly bounces before dropping toward its bear market bottom. “On this occasion, (…) we’ve rebounded already. But history suggests that this rebound is going to be limited, and we’ll be losing the 50-month EMA as support and then turning it into resistance to transition into a cluster beneath it,” the analyst affirmed. Rekt Capital also emphasized that the 50-month EMA roughly aligns with the 2021 all-time high (ATH), which was a major resistance-turned-support area around the early 2024 ATH rally and opened the door to the 2025 run toward its latest ATH. Related Reading: Something Shocking Just Happened To The XRP Price, Analysts Are Using It To Make A Bold Prediction As Bitcoin retests this area as support once again and faces strong resistance around the macro triangle base, the analyst asserted that this rebound may be weaker, adding that history suggests the 50-month EMA support will likely be lost and turned into resistance. “That’s pretty compelling evidence to support the weaker rally thesis as well, because if we do reject from the confluent region of resistance, which is the macro downtrend and the macro triangle base, then indeed this rally (…) will be a lot lesser than the magnitude of that rally that we saw in 2024,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

As Solana (SOL) breaks out of a multi‑week pattern, some market observers suggest a retest of a key resistance level could be on the horizon. Nonetheless, they also warned that the next leg up could be short‑lived if momentum fails to hold. Related Reading: $150M Crypto Ponzi Crumbles: $41.5M Frozen In DSJ Exchange Collapse Solana Breakout Targets Key Resistance On Wednesday, Solana jumped 4.2% on the daily timeframe, retesting the $90 area for the first time in nearly a month before retracing. The cryptocurrency has been in the $75 to $96 price range since the early February market crash, failing to reclaim the upper zone of this range during this period. Amid today’s surge, analyst Ali Martinez highlighted that Solana was breaking out of an eight-week symmetrical triangle formation, which could lead to a rally toward the local range’s upper boundary. As he explained, a spike in buying pressure could push SOL’s price to $92, a key horizontal resistance over the past three months in the daily and weekly timeframes. If this level is reclaimed, the cryptocurrency’s breakout could extend toward $96, a level not retested since the mid-March market rally. In addition, CryptoRand noted that after its recent price jump, Solana has also broken out of its eight-month downtrend, suggesting that a bullish reversal could be on the horizon if this level holds. However, market observer Daan Crypto Trades pointed out that the altcoin has been consolidating within a 10% range for three months, recording its lowest volatility in years. As a result, the analyst affirmed that a big move would happen sooner than later, but the direction “will entirely depend on which side breaks first. It won’t be a move to fade (…). Likely to see at least a 20-30% leg following the break of this compression.” SOL To Rally Before Next Dump? In an X post, Altcoin Sherpa noted that Solana has underperformed all other majors over the past few months. Unlike Bitcoin (BTC) and Ethereum (ETH), SOL has not been able to retest or break out of its three-month range despite the recent market recovery. The analyst affirmed that the altcoin needs bullish conditions and BTC’s price to stabilize to continue climbing higher. Meanwhile, More Crypto Online underscored the importance of SOL’s overall context in a video analysis. He explained that “on the higher timeframe, there is no sign whatsoever that we have a meaningful low in place,” and that “the upside reaction from the February low was just too weak. And the structure that’s even more important does not currently support a long-term rally.” The analyst pointed out that there is “a lot of resistance along the way,” but noted that a counter-trend rally to the $110-$140 area is “a very reasonable expectation” to form a top as long as the February lows hold. Related Reading: Bitcoin Targets $86,000 After Key EMA Reclaim: Is The Next Rally Here? Nonetheless, he considers that “from there, there’s a good chance of going lower, possibly either in a fifth wave down to complete a larger correction in a so-called wave four, or like Bitcoin, the expectation is a more meaningful correction into the mid $30 region.” “So, the market might just need to move up a little bit to complete this correction. Make the crowd bullish again so that the new sellers can come in,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

A crypto market analyst has shared the key levels to watch as Bitcoin (BTC) confirms a key level as support for the first time in months, opening the door to a continuation of its April recovery rally. Related Reading: This Signal Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now Bitcoin EMA Reclaim Signals More Upside Potential After closing the week above a crucial level, Bitcoin jumped 2.2% to break above the $80,000 resistance for the first time since January. The flagship crypto had been trading between $74,000 and $79,000 for the past few weeks, failing to reclaim the range’s upper boundary despite multiple attempts. On Sunday, BTC closed above the $78,000 mark for the second consecutive week, confirming its 21-week Exponential Moving Average (EMA) as support. Previously, analyst Rekt Capital highlighted the 21-week and 50-week EMAs as two key levels for the cryptocurrency’s ongoing rally, explaining that these moving averages tend to act as support during bull markets and as strong resistance during bear markets. In a Monday analysis, the market observer noted that these levels “didn’t flip into a picture-perfect resistance” this time despite losing them as support after its pre-bearish crossover at the start of the year. Nonetheless, their divergence created a “general supply area” rather than the “general demand area” configuration, typically seen during bull markets. Now, “BTC has Weekly Closed above the EMA, performed a very volatile retest of it, and Weekly Closed above it again.” As a result, Bitcoin is positioned for upside, the analyst affirmed, adding that it has the price strength confirmation after last week’s close, but it will need continued stability in the absence of a follow-through move higher. If trend continuation comes, the analyst suggested that a surge deeper into the supply zone is likely, with the 50-week EMA, currently around the $86,000-$87,000 area, as the ultimate stop on any upside wick. “Generally, though, anything within this supply area is where the price should be rejecting and failing to rally higher,” he warned. BTC At Trend Continuation Or Rally Ceiling? As Bitcoin attempts to reclaim the $80,000 level, Rekt Capital affirmed that the $82,500 region “doesn’t have a defined role.” Notably, this crucial horizontal area has served as strong support and marks the base of a macro triangle formation that was lost during the February price crash. “The first time price reached it, we produced a decent rebound into new All Time Highs. The next time the price tagged the same level, we produced a much lesser rally, a sign that the support there was already weakening. Now, $82,500 doesn’t have a defined role. But we may be defining it as we speak,” the analyst stated. Related Reading: Bitcoin Price Expansion To $97,000 Is Only Being Blocked By One Pesky Retest He explained that a rejection without breaking beyond this resistance would make this the price ceiling, forcing a retest of BTC’s old All-Time Highs (ATH) area between $69,000 and $74,000, as we are just halfway through the bear market. In addition, Bitcoin has not been able to reclaim a macro triangle during this part of the cycle, once the price breaks down. Rekt Capital pointed out that to invalidate the Four-Year Cycle thesis and call the end of the bear market, BTC would need to break back above the macro triangle base on the monthly timeframe and above its macro downtrend, located above the $96,000 area. Featured Image from Unsplash.com, Chart from TradingView.com

A crypto market analyst has suggested that XRP appears to be forming “one of its most significant multi-year structural patterns to date,” which could lead the altcoin to a rally similar to its 2017 expansion. Related Reading: Ethereum Poised For $140% Rally If This Resistance Flips – Analyst Calls Breakout Inevitable XRP Eyes 2017-Like Expansion On Thursday, market observer ChartNerd stated that XRP appears to be repeating a setup that may surpass the scale of the 2017 pre-breakout formation, which led to a massive 68,000% expansion during that cycle. In a video, the analyst explained that the altcoin has been developing since 2020, when the price saw its bear market bottom and created an ascending support level that held for nearly six years. Since then, XRP has resembled its pre-2017 performance, where the cryptocurrency experiences significant advances after retesting its ascending support, followed by sharp corrections within descending channels. As the chart shows, the altcoin recorded a 10x move between 2020 and 2021, which was followed by the 2022 bear market. After bottoming, XRP saw another 2x rally before retesting the trendline for the first time. The price then rallied another 6-7x between late 2024 and mid-2025, leading to the July all-time high (ATH) of $3,65.  Now, the cryptocurrency is developing a similar corrective pattern to the previous two retests of the ascending support, which could suggest the potential for 1,992% rally to a double-digit target upon confirmation. “If XRP respects this pattern into late 2026, this is where we could potentially create the third retest, which is what we saw in the early cycles before the expansion in 2017,” the analyst asserted. He also added that “if we are repeating this sort of multi-year cycle from before, just on a larger scale here, then this could be one of the largest structural phases where XRP is building a base and waiting for the leg up.” Consolidation Until Late May? ChardNerd also shared a short-term outlook for XRP based on its performance over the past 11 weeks. He noted that on the daily timeframe, the altcoin is still hovering between major descending resistance and ascending support levels, forming a triangle pattern. So, you can see, since we actually formed the base back here in February, we worked down to $1.11, created the resistance, which came back to create this ascending level of support roughly at $1.28. Then we’ve seen this break up to sort of $1.50, and we’ve now pulled back to the support line once again. Taking this into consideration, alongside the fact that its RSI levels are oversold on the daily timeframe, the analyst believes that XRP could be building a base near the ascending support before attempting to retest the descending resistance. Related Reading: Bitcoin Faces ‘Most Critical Week In Months’ Amid $76,000 Retest – Should Investors Worry? Nonetheless, he observed that “because we’re converging in this range and it’s been about 8 to 9, maybe 10 weeks of range-bound price action, it would be likely that we still see this compression” squeeze into the pattern’s apex until at least mid-May, when the price is expected to see a directional breakout from the formation. Ultimately, the market observer suggested that “as long as we respect the trend line and continue to defend ascending support (…), it’s looking for a retest back towards sort of $1.50 in the short term.” Featured Image from Unsplash.com, Chart from TradingView.com

While Ethereum (ETH) is at a pivotal crossroads, some analysts suggest that a reclaim of a key resistance could open the door to a massive breakout. However, others have raised questions about the altcoin’s next move amid the recent market volatility and weak signals. Related Reading: Bitcoin Faces ‘Most Critical Week In Months’ Amid $76,000 Retest – Should Investors Worry? Ethereum Breakout: ‘A Matter Of When’ Ethereum has found a new price range after turning the $2,250 level into support during the April market recovery. The cryptocurrency has been trading between the $2,250-$2,400 levels over the past few weeks, reaching a three-month high of $2,465 on April 17. In an X post, analyst Michaël van de Poppe highlighted ETH’s recent performance, asserting that its upward price pattern held, despite the price being rejected from the $2,400 resistance, a key psychological and technical barrier that has stopped prior rallies. As he explained, “Structure remains intact, and multiple resistance tests have failed to break through, suggesting a breakout is looming.” To him, a breakout from the local resistance area is “a matter of when (…) and not if.” The analyst recently stated that the King of Altcoins could be “about to follow Bitcoin in the path upwards,” which would open the gate for a retest of the next crucial resistance around the $2,700 area. Meanwhile, market observer Ali Martinez shared an analysis based on the MVRV pricing bands, noting that Ethereum has been attempting to reclaim its Realized Price, currently at $2,335, as support. He explained that successfully turning this level into a support floor is a “standard technical prerequisite” for a sustained rally, and reclaiming the cost basis has historically helped build the momentum to reach the 2.4MVRV pricing band at the $5,600 mark. According to the post, ETH needs continuation of the strength seen during the early April recovery rally to reclaim its Realized Price and open the gates to a 140% rally over time. “If ETH can claim this $2,335 level and establish it as a support floor, it creates the structural conditions to target that upper $5,600 band,” he affirmed. ETH Weakness Risks 17% Correction On Wednesday morning, Ethereum attempted to recover from the start-of-the-week price drop and reclaim the $2,300 area. Amid this performance, Crypto Batman highlighted that ETH had broken down from a two-week pennant pattern after losing the $2,320 support line, suggesting that the short-term trend had shifted bearish. The analyst cautioned that failing to reclaim the bullish trendline and the bearish FVG would open the door for lower levels. Similarly, Ted Pillows warned that Ethereum has shown weakness amid the current rally, highlighting that it needs to reclaim the $2,400 area for a strong continuation. On the contrary, failure to reclaim this level risks turning the current pump into exit liquidity, he affirmed, potentially triggering another sharp pullback. The market watcher also stated that ETH could see a considerable decline over the next few days due to Wednesday’s FOMC meeting. Related Reading: Bitcoin Set For $88,000? Analysts Forecast May Breakout After Key Weekly Close Notably, the King of Altcoins has retraced after each meeting since October 2025, dropping 17% to 42% in the following days. After today’s meeting, the altcoin fell to a two-week low of $2,220, recording a 5% intraday drop before slightly recovering. If history repeats itself, Ethereum could lose the $2,200 support and potentially target the $2,000 psychological barrier for the first time in a month. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) retests a critical support level, analysts have warned that the leading cryptocurrency is facing its most important week in months, which could make or break its recovery rally. Related Reading: Bitcoin Set For $88,000? Analysts Forecast May Breakout After Key Weekly Close Bitcoin Price At A Crossroads On Tuesday, Bitcoin dropped below the $76,000 support for the first time in a week, falling to the $75,666 level before bouncing. The flagship crypto has been trading between $74,000-$80,000 after breaking out of its three-month range earlier this month. Amid its recent performance, analyst Sjuul from AltCryptoGems affirmed that BTC is at a make-or-break moment that might decide its fate, as both the technicals and fundamentals “are at a crossroads.” From a technical perspective, he explained that the cryptocurrency is currently facing “the most relevant resistance on the chart.” Notably, the $80,000 area sits at the top of the rising channel or bear market formation developing on BTC’s chart. It also marks a key horizontal level that has served as a major support zone since the Q4 2024 rally. In addition, there’s a setup around this level that resembles the price action in January. At the time, Bitcoin traded within a bear flag pattern and faced strong resistance around the $97,000 horizontal level. After failing to reclaim this area, the flagship crypto fell to the $60,000 lows. According to the analysis, an initial rejection from this level is normal, but investors should monitor BTC’s reaction below it. “As you can see, the local structure remains bullish, so it will be important for buyers to keep momentum here in order to attempt a breakout once again,” Sjuul detailed. Therefore, the “line in the sand” will be around the $74,000 support, as the structure and former resistance are confluent there. “If bulls manage to hold that level, we truly have a good chance of breaking above $80K and potentially flying to the next resistance level at $86K,” he added. FOMC Meeting To Determine BTC’s Fate? Sjuul warned that this week is probably “one of the most important weeks for BTC in months,” listing Wednesday’s FOMC meeting as the biggest catalyst for the market that could push prices in either direction. He highlighted that it will also be Federal Reserve (Fed) Chairman Jerome Powell’s last meeting. “Wednesday isn’t just a rate decision; it’s Powell’s final press conference. Every word will carry extra weight.” Analyst Ted Pillows pointed out that the appointment of a new Fed chair has historically put pressure on the markets, with Bitcoin dropping over 50% each time. In January 2014, BTC crashed 84% in the following months after Janet Yellen took over. Related Reading: Bitcoin To $125,000: Arthur Hayes Says The Setup Is Turning Bullish Similarly, the flagship crypto fell 73% and 61% in February 2018 and May 2022 when Powell was confirmed for his first and second terms. If history repeats itself, Bitcoin could see a major correction next month when Kevin Warsh is expected to become the next Fed chair. Ultimately, Sjuul emphasized the importance of the $74,000 support through this week, noting that if this level is lost, “things could get pretty ugly as we would form a very nasty deviation” back in the previous range, which could open the door for a retest of the February lows. Featured Image from Unsplash.com, Chart from TradingView.com

As the end of April approaches, some market observers suggest that Bitcoin (BTC) could be preparing to reclaim a crucial level in the coming days, potentially opening the door to another recovery rally next month. Related Reading: Why The 42% Crash From ATH Is Actually Good For Bitcoin And The Crypto Market Bitcoin Sees First Weekly Close Above Key Levels Bitcoin has closed above a crucial level for the first time since January, setting the stage for a potential rally toward higher levels even though it failed to break through another resistance level. Notably, the flagship crypto ended the week above $78,000, a level that was lost after the late January-early February market crash. Amid this close, BTC reclaimed the 21-week Exponential Moving Average (EMA) in the weekly timeframe, one of the key barriers after the recent price jump. Last week, analyst Rekt Capital affirmed that if Bitcoin closed the week above this level, it could prevent a retest of the $73,000 area and “would be worth watching for whether the EMA can be reclaimed as support,” as it tends to act as resistance during bear markets. Now that the cryptocurrency has closed above this level, confirmation of the 21-week EMA as support could lead to a move toward the $81,000-$82,500 area. Similarly, Ali Martinez said that the price could rebound toward the $81,500 area if the $77,000 continues to hold. According to the analyst, BTC is consolidating within a rising channel on the 4-hour chart, with the lower boundary currently located around $77,000. As he noted, “If this floor holds, it could serve as a strategic rebound zone to send BTC back toward the channel mid-range near $81,500, with a secondary target at the channel top of roughly $84,500.” BTC Eyes May Breakout From ‘New Cage’ Analyst Sjuul from AltCryptoGems asserted that Bitcoin appears to have “found a new cage to be trapped in.” After breaking out of the $66,000-$74,000 consolidation range earlier this month, BTC has since traded between $74,000 and $80,000. To the market watcher, this would not be a bad sign for bulls, “as long as it consolidates above $74K and doesn’t break down below.” Michaël van de Poppe noted that the markets are “shaping up for more upside” while Bitcoin holds crucial levels, but warned that there are key levels to consider despite the bullish momentum. According to the post, a decisive reclaim of $79,000 open the gates toward the next key resistance area between $85,000-$88,000, which could lead to a retest of the $100,000 phycological barrier over time. Related Reading: Bitcoin Could Hit New All-Time High Fast On Quantum Fix, Capriole Founder Says Meanwhile, no clear breakout would lead to a consolidation period before another retest of the key resistance. In that case, holding $73,500 would be crucial, he noted, as losing this area would set the stage for a retest of the lows. Nonetheless, he suggested that Bitcoin will likely retest the $85,000-$88,000 area in May and correct or consolidate from there. It’s worth noting that this resistance area was lost in early January and has not been tested since. Featured Image from Unsplash.com, Chart from TradingView.com

According to a crypto analyst, the Bitcoin price remains firmly in a bear trend and could be preparing for another major crash to new lows. Using a wave structure, the expert mapped out BTC’s price action during this bearish phase, outlining how he sees the current market developing and where he believes the next downside move could lead. Contrary to other analysts’ predictions, the analyst believes that BTC has not yet reached its cycle bottom and may first see a final surge before plunging below $40,000.   Related Reading: Stablecoins Go Institutional As Morgan Stanley Rolls Out New Portfolio Bitcoin Price Could Rebound To $80,000 Before A Final Crash Market analyst Crypto Bullet has presented a bearish BTC forecast on X, suggesting that the flagship cryptocurrency may still have more declines ahead before the current bear market ends. In his analysis, he described BTC’s market structure as a “Double ZigZag (WXY)” formation, using it to track the cryptocurrency’s price action from its October 2025 peak and project where the next major decline could unfold. One reason Crypto Bullet views BTC’s bear market through this WXY structure is because of how the cryptocurrency has traded in recent months. He noted that Bitcoin has spent far more time consolidating between $62,000 and $78,000 than it did in the $84,000 to $97,000 range, where it traded from November 2025 to January 2026. To him, that prolonged sideways movement reflects a broader bearish structure still playing out.  Based on that setup, Crypto Bullet believes that BTC’s recent rebound above $78,000 does not mean its bear market has ended but could instead be part of a larger corrective move. He expects the cryptocurrency to make one final push higher toward $85,000, with this level as the next major resistance above his ABC target of $82,500, as highlighted on his chart.  Crypto Bullet has tied this outlook to his WXY wave structure. According to him, Bitcoin completed wave W after peaking above $126,000 in October 2025 and plunging to $60,000 in February 2026. He noted that wave X also began after BTC reached $60,000 and projected it could end once the cryptocurrency rallies above $80,000.  If that scenario plays out, Crypto Bullet expects wave Y as the final leg low, which is where he believes BTC could eventually find a bottom. In terms of timing, the analyst believes that BTC still has five months left before its bear market ends, which closely aligns with timelines from past bear cycles. Analyst Marks BTC Bottom Target At $40,000 Crypto Bullet’s bearish outlook for Bitcoin centers on wave Y, which he believes could bring the most severe downturn of this cycle. According to him, once Bitcoin completes its rebound above $80,000 in wave X, the market could reverse sharply, triggering a rapid price crash toward a final bottom.  Related Reading: Bitcoin’s Big Players Are Accumulating — Is $80K Just The Start? He marked BTC’s potential bottom target at $40,000, expecting the move to play out between September and October 2026. From the $80,000 level, this would represent a whopping 50% decline, potentially wiping out bullish traders who had interpreted the surge to $80,000 as the start of a new bullish trend. Supporting this outlook, crypto analyst Tony Severino said he believes this could be the most likely scenario for BTC.  Featured image from Unsplash, chart from TradingView

As Bitcoin (BTC) attempts to reclaim a crucial level as support, spot exchange-traded funds (ETFs) based on the flagship cryptocurrency have registered their best performance since the October market crash. Related Reading: Eric Trump Calls Justin Sun’s Lawsuit ‘Ridiculous’ As WLFI Hits New All-Time Low Bitcoin ETFs ‘Back In The High Life’ US spot Bitcoin ETFs extended their positive streak to eight days after pulling in $223.2 million on Thursday, signaling strong demand for the investment products as the crypto market recovers. The BTC-based funds have been consistently seeing positive net flows since April 14, recording $2.09 billion in inflows during this period, according to SoSoValue data. This marks the category’s strongest performance across multiple timeframes since its late September-early October nine-day streak, when the products saw roughly $5.33 billion in inflows. In the weekly and monthly timeframes, Bitcoin ETFs are currently recording their best performance of 2026, tying March’s four-week streak but nearly doubling the monthly inflows, with $2.43 billion in April so far and four more days to go. Market observer Sjuul from AltCryptoGems asserted that sustained institutional demand is building again, highlighting that the products are about to close their second green month of 2026, and the first two-month streak since October 2025. Similarly, Bloomberg Senior ETF analyst Erich Balchunas affirmed that Bitcoin ETF flows are “back in the high life” as every single tracking period turns positive and cumulative net inflows hit $58.33 billion. “Every single rolling period we track is now positive, haven’t seen that in months (IBIT’s $3b is in Top 1% of all ETFs). Still tho, need a couple bil more to get back to breaking new ground in cumulative lifetime flows (62.8b),” he wrote on X. All Eyes On BTC’s Weekly Close Bitcoin ETFs’ performance comes as the flagship cryptocurrency continues to reject from a key resistance area. In a recent analysis, Rekt Capital said that while BTC’s price enjoys upside momentum, the key levels haven’t changed yet. Notably, BTC’s 21-week Exponential Moving Average (EMA), located around $78,000, remains an important resistance level as the cryptocurrency has been unable to reclaim it on the weekly timeframe. “If BTC Weekly Closes above the 21-week EMA, then it would be worth watching for whether the EMA can be reclaimed as support,” the analyst affirmed, adding that level tends to serve as resistance in bear markets. On the contrary, if BTC is unable to reclaim this level as support, it could push BTC’s price into a post-breakout retest of its Double Bottom pattern. Last week, Rekt Capital highlighted that Bitcoin had broken out of a Double Bottom formation, which could lead to a measured move toward the $81,000-$82,500 area. Related Reading: Ethereum Faces ‘Moment Of Truth’ As Price Eyes $2,450 Resistance – Breakout Loading? Now, he has asserted that the “Double Bottom formation top could always become a post-breakout retesting zone in the event of rejection from the EMA.” In addition, he emphasized that BTC remains below the base of the macro triangle formation it broke down from in late January. Historically, Bitcoin has not been able to reclaim a macro triangle during a bear market once the price breaks down. If this trend continues, the analyst warned, then the flagship crypto could see limited additional upside toward the pattern’s base before resuming its correction toward the market bottom. Featured Image from Unsplash.com, Chart from TradingView.com

Some crypto analysts have affirmed that Ethereum (ETH) is facing a pivotal moment as it retests a major resistance barrier that could make or break the King of Altcoin’s recovery dreams. Related Reading: Dogecoin ‘Launchpad’ Ready? Analysts Forecast Big DOGE Price Move Amid Volume Spike Ethereum $2,400 Retest: Breakout or Fakeout? On Wednesday, Ethereum jumped 3.6% to retest a crucial resistance area for the third time this month, as the cryptocurrency attempts to recover from recent market jitters fueled by the US-Iran conflict. The cryptocurrency has been hovering between $1,800-$2,450 since the early February market crash, attempting to break out of this range on multiple occasions but ultimately failing. Amid the recent market recovery, ETH has surged 15% from April’s lows and sustained the upper half of its local range for the first time in three months. Now, it is trying to reclaim the crucial $2,400-$2,500 resistance area before potentially climbing to higher levels. Multiple crypto market observers noted that Ethereum has been pushing toward a breakout over the past week, reaching a three-month high of $2,464 last Friday and testing the $2,425 level today. Analyst Crypto Rand emphasized the importance of reclaiming this region for ETH’s price, affirming that consolidation above this area would “trigger a major bullish reversal” for the cryptocurrency. Similarly, Daan Crypto Trades pointed out that after today’s performance, the King of Altcoins is near its bull market band and the weekly 200 Moving Average (MA), currently at $2,450. This level was lost as support in mid-January, and a weekly close above it could open the door to a retest of the weekly 200 Exponential Moving Average (EMA), located around the $2,560 mark. On the contrary, analyst Ted Pillows shared a bearish perspective, affirming that although the price is surging, Ethereum’s spot demand “is stagnant,” which signals that the recent rally is not supported by steady spot accumulation. “Ethereum could have a liquidity grab above the $2,400-$2,450 level similar to Jan 2026,” he explained, when the price retested the $3,400 area before crashing. Traders Eye $2,900 And Beyond Despite the concerns of another correction, analyst Ali Martinez recently noted that ETH’s SuperTrend, used to identify the current market trend, flipped bullish for the first time in over a year. Per the post, the SuperTrend showed a Buy signal for the first time since the first half of 2025, suggesting the end of the current downtrend. The analyst also affirmed that if the cryptocurrency clears the $2,385 level, it could open the path to the $2,900 area. This level marks the X-axis of ETH’s three-month ascending triangle, and turning it into support would neutralize recent sell signals and confirm a major trend continuation. “With the overhead supply cleared, the technical objective for this formation is now $2,900. As long as we hold above the breakout zone, the momentum remains firmly with the bulls,” he wrote. Related Reading: Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack Meanwhile, Trader Tardigrade shared a macro perspective on Ethereum based on a two-year ascending channel. According to the post, the cryptocurrency retested and confirmed the channel’s lower boundary as support in the weekly timeframe during the recent market correction, pushing back into the channel over the past four weeks. “If this level holds, $6,000 is the mid-2026 target based on the channel structure,” he suggested, concluding that “Bullish momentum building.” Featured Image from Unsplash.com, Chart from TradingView.com

As Dogecoin (DOGE) consolidates below a key area, some analysts suggest that the market’s recent bullish momentum and whale accumulation could push the memecoin’s price above a crucial resistan level soon. Related Reading: Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack Dogecoin Big Price Move Faces Strong Resistance On Tuesday, Dogecoin continued to move sideways between the $0.093-$0.096 price range after failing to break above a crucial resistance level. Amid last week’s market pump, the leading memecoin broke out of the $0.096 barrier for the first time in two weeks, briefly touching the $0.10-$0.102 resistance on Friday. Market analyst Ali Martinez suggested that DOGE is preparing for a big price move, fueled by bullish momentum and whale accumulation. Notably, the memecoin recently saw one of its highest transaction volumes of the month and one of its highest volume spikes Year-to-Date (YTD), with over $800 million transacted on April 16. In addition, large holders have accumulated over $330 million in Dogecoin over the past week, signaling key demand and confidence in the largest memecoin by market capitalization. Nonetheless, Martinez also analyzed DOGE’s technical structure, noting that cryptocurrency has been consolidating within a horizontal channel since the late-January, early-February market crash. Per the chart, the channel’s mid-range mark, around the $0.10 level, has been a strong resistance barrier over the past three months, with Dogecoin failing to reclaim it despite multiple attempts. To the analyst, only a sustained close above $0.10 could push the memecoin toward the local range highs and open the door to a retest of the upper resistance at $0.12, a level untested since mid-February. DOGE’s Macro Chart Eyes Parabolic Run In a series of X posts, Market observer Trader Tardigrade stated that Dogecoin is “showing strong signs” that its downtrend is losing momentum, pointing out that selling pressure appears to be fading.  As he explained, DOGE has recently flashed Bullish Divergence two times, with the indicators refusing to go down despite the price continuing to print lower lows. “That’s a sign the selling force is fading and a shift from downtrend to uptrend could be around the corner,” the trader said. He also shared a macro outlook, affirming that Dogecoin’s launchpad, the setup before a massive surge, is “in place.” According to the chart, this setup formed between 2016 and 2017 and led to a massive rally toward its 2018 all-time high (ATH) of $0.175. “A breakout move toward the moon looks next. Momentum is building,” Trader Tardigrade suggested, adding that “a surge in volume could ignite the next leg higher.” Related Reading: A Stark XRP Price Call: Why One Analyst Says It Could Be Under $1 By 2031 Analyst Bitcoinsensus also shared a macro cycle outlook, stating that Dogecoin continues to trade within a large multi-cycle structure. The market watcher affirmed that the cryptocurrency’s current setup resembles DOGE’s previous macro consolidations. The chart shows that after retracing from previous highs, the cryptocurrency recorded a long consolidation, followed by a parabolic run to new highs, with these breakouts leading to 60x and 215x gains. “The broader formation keeps Cycle 3 in focus, while the market watches to see whether this phase develops like the earlier ones,” Bitcoinsensus stated. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) attempts to hold the $74,000-$75,000 area, an analyst suggested that the flagship crypto could see another 10% rally toward a key area, but warned that this level could be the ceiling. Related Reading: BNB Chain’s RWA Value Tops $3.5 Billion As Global Ecosystem Grows Bitcoin Double Bottom Breakout Targets Key Level In a Wednesday analysis, crypto analyst Rekt Capital shared an outlook for Bitcoin’s potential rally, as it holds the $73,000-$74,000 area as support for the first time in a month. The analyst highlighted that BTC’s price continues to move between its 2021 and 2024 all-time highs (ATHs), which have been a major resistance area since the early February correction. After the recent market rally, the flagship crypto retested the 2021 ATH as a new support level on the weekly timeframe, but ultimately rejected from the 2024 ATH during last week’s close. According to the analyst, if Bitcoin can weekly close above the 2024 ATH, located around $74,000, then the price could move into the high $70,000. “Until that confirmation, however, price will continue to be sandwiched between 2021 and 2024 old All Time Highs,” he added. Rekt Capital also noted that BTC has formed a double bottom pattern in the weekly timeframe, and is “now pressing beyond the resistance” of the formation. As he explained, the cryptocurrency would need a weekly close and a post-breakout retest of the top of the double bottom, around $72,810, to confirm a breakout. If it confirms a breakout from this formation, the price could rally toward the $81,000-$82,500 area in a Measured Move. Nonetheless, the analyst warned that, given the phase of the market cycle we are currently in, the price will likely develop a macro market structure that “will appear sufficiently bullish only to ultimately fail over time.” “The failure could occur by virtue of rejecting from the Double Bottom resistance, by failed post-breakout retest to register a fake-breakout, or by falling short of a Measured Move once the breakout is confirmed.” BTC Resembles 2014 Breakdown Rekt Capital also analyzed BTC’s historical behavior to assess the ongoing rally’s potential failure. The analyst noted that whenever Bitcoin has broken down from its macro triangle formation, the price usually retraces until it forms a bear market bottom. However, the way the cryptocurrency does that has differed from cycle to cycle, he detailed. In 2018 and 2022, the breakdown led to a very quick bearish acceleration toward the bear market bottom accumulation period. On the contrary, Bitcoin consolidated below the triangle base in 2014, retested it, and saw another leg down. This time, BTC’s performance resembles its 2014 breakdown, as it has been consolidating behind the triangle base after losing it in January. To the analyst, if the cryptocurrency continues to mirror its 2014 performance, the price could consolidate a bit longer, potentially rally to the base at $82,500, before rejecting. “Furthermore, Bitcoin tends to build major consolidation periods on breakdowns from Macro Triangles. In 2018 and 2022, these major consolidation periods developed at Bear Market bottoms,” Rekt Capital explained. Related Reading: Bitmine’s Ethereum Holdings Hits 4% Supply Milestone After 71,524 ETH Buy “Whereas in 2014, Bitcoin built two such periods: just beneath the Macro Triangle it broke down from, and then later at its respective Bear Market Bottom,” he continued. The analyst concluded that if history repeats, BTC’s current consolidation could precede additional downside, and another major consolidation period could develop during the bear market bottom. Featured Image from Unsplash.com, Chart from TradingView.com

As Ethereum (ETH) retests a crucial support zone, Bitmine, the second-largest crypto treasury, has announced its latest ETH purchase, which pushed the company’s holdings closer to its ultimate goal. Related Reading: Dogecoin (DOGE) Retreats, Can Bulls Reclaim Upside Momentum? Bitmine Reaches Major 4% ETH Milestone On Monday, the largest Ethereum treasury in the world, Bitmine Immersion Technologies, revealed it had reached a major milestone after purchasing roughly $157 million of ETH in the past week. In its latest update, the company shared that it acquired 71,524 ETH over the past week, its highest pace of buys since the week of December 22, 2025. Bitmine’s Chairman, Tom Lee, detailed that the Ethereum treasury “has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter.’” Notably, the company has been ramping up its bet on the King of Altcoins over the past month, significantly increasing its average of 45,000-50,000 ETH purchases from previous weeks. Now, the company’s crypto and cash holdings have reached $11.8 billion at current prices, comprised of 4,874,858 ETH, 198 Bitcoin (BTC), a $200 million stake in Beast Industries, an $85 million stake in Eightco Holdings as part of its “Moonshots” initiative, and unencumbered cash worth $719 million. In addition, Bitmine’s Ethereum holdings have reached 4% of the total ETH supply. This represents a key milestone toward the company’s goal of controlling 5% of the leading altcoin’s 120.7 million supply, which is currently 81% complete. Last week, the treasury firm announced its uplisting to the New York Stock Exchange (NYSE) from the NYSE American on April 9, 2026, and the expansion of the share repurchase program to $4 billion. Ethereum Starts Q2 In Green In the weekly update, Lee also discussed ETH’s performance amid the ongoing conflict between the US and Iran, noting that “this war remains the most important driver of global markets.” He highlighted that “ETH is now the best-performing asset since the start of the war, with a 17.4% gain and outperforming the S&P 500 by 1,830 basis points. And we believe ETH beating gold by 2,743 basis points demonstrates ETH is the wartime store of value.” “Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains,” he continued. Market observer Daan Crypto Trades pointed out that Ethereum started the quarter “slightly in the green so far,” with a 3.7% increase Quarter-to-Date (QTD), according to CoinGlass data. The trader noted that this quarter “is generally the best quarter, together with Q1, for Ethereum,” as it has ended in green eight out of ten times, with an average and median return of 58.3% and 15.3%, respectively. Related Reading: Bitcoin Bulls Must Hold This Level Or Price Could Crash To $65,000 Again Meanwhile, crypto analyst Ted Pillows highlighted that ETH is back in its $2,150-$2,200 support zone after the weekend pump. Per the post, if this zone holds, the King of Altcoins could rally back above $2,250 and potentially move toward last month’s top near $2,400. Nonetheless, they warned investors about a potential drop if momentum doesn’t hold. “We’ve seen that historical price action has not really been in Crypto’s favor the past year, so take everything with a grain of salt,” Daan cautioned. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the recent market recovery, Solana (SOL) has jumped roughly 10% from last week’s lows, reclaiming the $82 level and retesting a major resistance. However, some market observers have warned that the rally could be short-lived if the cryptocurrency doesn’t turn a key level into support in the coming days. Related Reading: Ethereum Reclaims $2,200, But Analyst Says It’s Not Time To Celebrate Yet – Here’s Why Solana Price In ‘Consolidation Trap’ On Thursday, Solana surged 2.5% to try to reclaim the $84 area after losing this area on Wednesday night. The altcoin has been trading between the $76-$92 levels since February, moving within the lower half of this range over the past two weeks. Ali Martinez highlighted a structural pattern that has been “remarkably consistent” since October 2025. Notably, the analyst explained that Solana has been repeating a three-step cycle every time it has lost momentum over the past six months. According to Martinez, the pattern begins with the reclaim of the 50-day Simple Moving Average (SMA). This is followed by the rapid failure to hold the 50-day SMA as support. Lastly, SOL enters the “consolidation trap”, a brief, sideways “complacency” period before the actual leg down starts. As the chart shows, the cryptocurrency recorded this pattern in November 2025 and January 2026, when it dropped below the 50-day SMA and consolidated for weeks before the next major sell-off, ultimately resolving lower and reaching a new local bottom. Solana moved above the 50-day SMA in mid-March, when it hit its local top of $97, and has since dropped below it. Now, the altcoin is in its consolidation phase, “drifting sideways” between $79-$81, and sitting below the key SMA near the $86 mark. “If this pattern holds, this sideways movement is not ‘stabilization’—it is the coiling of a new leg down. Based on previous instances, a failure to reclaim the $86 level quickly could project a move toward the $52,” Martinez asserted. SOL Breakdown Imminent? Market observer Leviathan noted that Solana has retested the lower area of its local range seven times since February, and every bounce has gotten weaker after each retest. At the time of writing, the price has been rejected from the 50-day Exponential Moving Average (EMA), suggesting that a retest and breakdown from the key $76-$80 support area could be next. “Historically, the more a support level gets tested, the weaker it becomes. Watch this level closely,” he asserted. Analyst Crypto Lens shared a similar outlook, pointing to a potential bearish formation on SOL’s chart. Per the post, the cryptocurrency has been trading in a bearish flag pattern since early February, and broke down from the formation when it dropped below the $81 area in late March. Related Reading: XRP Leads Crypto Funds $224M Rebound With Largest Weekly Inflows Since December This structure also developed in late 2025, leading to a 54% correction after Solana broke down from the pattern. After the recent bounce, the altcoin is retesting the pattern’s lower boundary from support, which could turn this level into resistance if momentum doesn’t hold. “This isn’t random price action, it’s a pattern,” the analyst warned, “If this continues, SOL could be heading toward the $45 zone.” Featured Image from Unsplash.com, Chart from TradingView.com

While Ethereum (ETH) retests a key level for the first time this month, some market watchers have advised caution, warning that the start of a new bull run may not be here yet. Related Reading: XRP Leads Crypto Funds $224M Rebound With Largest Weekly Inflows Since December No Ethereum Party Until This happens After jumping nearly 10%, Ethereum is attempting to reclaim a crucial area that has served as a major resistance zone since the early February crash. Over the past two months, the King of Altcoins has been trading sideways, hovering between the $1,800-$2,200 levels. As the altcoin breaks past the $2,150-$2,200 area, some market observers cautioned investors not to celebrate yet, arguing that ETH has failed to hold this level despite multiple retests during this period. Analyst Ted Pillows affirmed that as long as Ethereum holds above the $2,200 level, it could make a move towards last month’s top, around the $2,400 area, but warned investors not to “mistake it for the start of a bull run,” suggesting that new lows will come between Q2 and Q3 2026. Similarly, market watcher Crypto Scient advised investors not to “confuse positioning with guessing,” explaining that the cryptocurrency hasn’t broken out of its macro downtrend, which began last October. According to the chart, Ethereum is currently near the macro trend resistance while still respecting a Lower High (LH) structure. To him, this is “where most people front-run and get chopped.” Scient argued that even if the bottom is on and ETH’s bull run has begun, “the money won’t be made under this trend. It will be made once the price is above it.” Nonetheless, the price needs to break above the trend, flip it into support, and show acceptance above it before investors can call a true reversal. “Until that happens, this is just another retest in a downtrend,” he asserted. Key Levels To Watch Ali Martinez shared “the ultimate accumulation zones” for Ethereum, outlining some potential scenarios for its price. In the first case, the cryptocurrency could be trading in a multi-year ascending triangle, with the $1,800 level being the “line in the sand.” As he explained, this price point serves as the triangle’s hypotenuse and, if it holds, could trigger a rally toward the $4,900 x-axis. This level also aligns “almost perfectly” with the 0.80 MVRV Pricing Band, located around the $1,880 area. The 0.80 band “has been a reliable indicator of cycle bottoms,” as it has historically marked where sellers exhaust themselves, and “Strong Hands” take over, Martinez highlighted. Meanwhile, in the second scenario, Ethereum could be moving within a parallel channel, risking another 30%-50% correction toward the channel lows between $1,150-$1,170. Martinez emphasized that the UTXO Realized Price Distribution (URPD) reveals massive clusters of ETH were bought between $2,079 and $1,882. The URPD also shows that below $1,880, the most significant buy-walls sit at $1,584, $1,238, and $1,089, meaning that if the February lows are lost, the price would visit those levels. Related Reading: Bitcoin Next Big Move In Mid-April? Analyst Explains Why ‘Decision Time’ Could Be Near “While accumulation happens in the $1,000s, the ‘Start Engine’ for the next major rally is the Realized Price at $2,500,” the analyst noted, adding that whenever Ethereum reclaims its Realized Price, it has historically signified that the average holder is back in profit and the “cooling period” has finalized. “A clean break and hold above $2,500 is my primary trigger for the beginning of a new macro bull rally,” Martinez concluded. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) attempts to reclaim a key resistance area, an analyst has suggested that the end of BTC’s two-month consolidation could be weeks away, potentially opening “generational opportunities” before the next bull run. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Could Keep Crashing This Week Bitcoin Consolidation’s End May Be Weeks Away On Monday, Bitcoin jumped 5% from Sunday’s lows to a key area for the first time in April. Notably, the flagship cryptocurrency has been trading between $62,000-$74,000 over the past two months but has not reached the upper end of its range since late March. Now, BTC is retesting the $69,000-$70,000 resistance area, which could set the stage for a crucial short-term move. Market observer Ted Pillows stated that if the cryptocurrency reclaims this zone, a rally towards $72,000-$74,000 could happen. On the contrary, a rejection would likely see Bitcoin drop to the $65,000-$66,000 support zone, where price has held over the past month. In an X analysis, Ali Martinez noted that the UTXO Realized Price Distribution (URPD) shows the flagship cryptocurrency is “stuck in a ‘No-Trade Zone.’” Per the post, “the URPD shows exactly where every BTC last moved,” with a massive cluster of holders between $70,685-$63,111. “As long as we trade here, millions of holders are incentivized to defend their ‘buy-in,’ creating a natural floor,” he added. Nonetheless, analyst Max Crypto affirmed that BTC’s “decision time is very close,” suggesting that it could see its next big move unfold in the upcoming weeks, based on its previous price action. As he explained, the leading crypto has shown the same performance over the past year, consolidating for 8-15 weeks before the last four big moves. This time, Bitcoin has been moving sideways for 8 weeks, entering its 9th consolidation week on Monday. Based on its previous performance, the market watcher considers that “BTC’s next big move will most likely happen by mid-April, irrespective of US-Iran talks, and will probably be to the downside.” Where Is BTC’s Final Support Located? In his X post, Martinez also analyzed multiple patterns and on-chain metrics to map out BTC’s high-probability accumulation zones and potential bottom. Notably, he highlighted that Bitcoin is approaching its most significant support floor since 2017: an ascending trendline that has guarded its price for nine years, and every retest has preceded a parabolic expansion. This trendline currently sits around the $60,000 and $56,000 levels and could be “the potential launchpad for the next major bull cycle” if it holds. In addition, he outlined three metrics that could mark the “line in the sand” and the best buying opportunities for BTC: the Cumulative Value Days Destroyed (CVDD), the MVRV pricing bands, and the Long-Term Holder (LTH) Realized Price. Related Reading: Bitcoin’s 85% Crash Era Is Over: ‘It’s Now A Proven Technology’, Cathie Wood Says The CVDD, which “tracks when ‘Old Hands’ pass BTC to new buyers, creating a structural foundation for the entire market,” is currently around $47,960. Meanwhile, the MVRV 0.8 Band, located around $43,647, has historically marked the bottom and “the exact zone where BTC sellers exhaust themselves and the ‘Strong Hands’ take over the supply.” Lastly, Martinez noted that the LTH Realized Price, currently at $49,387, is often the final support. However, he added that if the price dips below this level, “it signals a final capitulation phase, especially if the -0.2 Std Dev band at $36,657 is hit” at what he deemed “Generational Buy” levels. Featured Image from Unsplash.com, Chart from TradingView.com