Technical analysis shows that the Dogecoin price is still on track to reach new all-time highs this bull cycle, especially with history pointing to similar bullish scenarios that have played out before. By analyzing historical cycles on Dogecoin’s monthly chart, patterns emerge that suggest a possible path toward the much-anticipated $10 milestone. Notably, these observations […]
The PEPE price recently reached a new all-time high (ATH) of $0.00002716, becoming the first major meme cryptocurrency to do so in the ongoing bull cycle. This rally to a new PEPE all-time high was driven by increased whale activity and accumulation. Whale Accumulation Fuels PEPE’s Bullish Momentum Data shared by crypto analyst Ali Martinez on social media platform X highlights that PEPE whales recently added $1.14 billion in PEPE to their holdings, pushing the total whale-controlled amount to $7.56 billion. This plays into a bullish run over the weekend, which saw PEPE’s market cap surpass $10 billion for the first time. At the time of writing, PEPE has a market cap of about $11.17 billion, meaning this holder cohort now controls about 67% of the total market cap. Related Reading: Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP Interestingly, on-chain data shows the surge in whale accumulation didn’t just start yesterday. IntoTheBlock’s Balance By Holdings In USD metric shows a 30-day increase of 147.81% in the holdings of addresses holding more than $10 million worth of PEPE tokens. These large holders have been on an accumulation trend, with a massive $1.14 billion purchase coming in on December 7 alone. Other holder cohorts have also significantly expanded their positions over the past month. Addresses holding between $1 million and $10 million worth of PEPE recorded a 119% increase in their holdings during this period, while those holding between $100,000 and $1 million saw a 108% rise. Mid-tier investors with holdings between $10,000 and $100,000 registered an 84.25% growth in their balances, while even smaller holders with $1,000 to $10,000 worth of PEPE saw their holdings increase by 55.29%. This increase in accumulation from all cohorts has increased the buying pressure on PEPE, which in turn has allowed the meme cryptocurrency to surge in value by 150% in the past 30 days. Exchange Listings And Accessibility Boost PEPE’s Popularity Another notable driver behind PEPE’s record-breaking performance is its growing accessibility after listing on major crypto exchanges. PEPE has been added to crypto exchanges like Coinbase, Robinhood, and Binance US in the past few days, which has significantly increased its exposure to retail and institutional investors in the US These listings have made it easier for a broader audience to trade and invest in the meme cryptocurrency. Related Reading: Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000 The impact of these listings has been profound, especially as the industry is currently in a bull phase. At the time of writing, PEPE is trading at $0.00002616, representing a 3.5% increase in the past 24 hours. PEPE’s bullish trajectory appears set to extend further as whale and retail accumulation continues. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Tony Severino has revealed that the Bitcoin price bull run could end as soon as January 2025. The analyst further projected that BTC will top below $150,000 as its bull run ends by next month. Bitcoin Price Could Top By January 2025 Below $150,000 In an X post, Tony Severino reaffirmed his theory that the Bitcoin price could top as soon as January 20, 2025. He shared an accompanying chart showing that BTC follows a textbook example of a “complete” market cycle. The chart showed that Bitcoin could top below $150,000 as it reaches the market top next month. Related Reading: Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP The chart shows that the Bitcoin price is on the last leg of this market cycle’s motive wave. Once this motive wave is done, possibly as soon as January 2025, the corrective wave of this market cycle will begin. This wave, which ushers in the bear market, could last until mid-2027 and cause BTC to retrace to as low as $50,000. Donald Trump’s Pro-Crypto Moves May Already Be Priced In In a detailed blog post, Tony Severino provided more insights on why the Bitcoin price bull run could top this early. He noted that Donald Trump’s victory in the US presidential elections is the narrative that has caused a market-wide takeoff. Thanks to his pro-crypto stance, BTC broke out of a resistance level the night he was declared the winner and has since rallied to $100,000. Related Reading: Ethereum Price Breaks Above Massive Triangle – Next Target: $10,000 However, Severino remarked that Trump’s pro-crypto world is the new paradigm this time around. He acknowledged that market participants cannot envisage a world where the Bitcoin price doesn’t rise much higher, considering that the president-elect has promised to create a Strategic Bitcoin Reserve, which could create a lot of FOMO among other nation-states. However, the crypto analyst asked market participants to consider the fact that the Efficient Market Hypothesis says that the market is forward-looking and prices in all information the moment it is available. Severino believes that BTC could have already priced into Trump’s pro-crypto moves. If so, he predicts this “new paradigm” could create the perfect atmosphere of euphoria and a cyclical peak when Trump finally takes office. In other words, Donald Trump’s inauguration could mark the top for the Bitcoin price bull run, and the corrective wave could begin as soon as he takes office. The Last Two ‘New Paradigm’ Became Cycle Peaks Tony Severino alluded to what happened the last two times the term “new paradigm” was regularly used. According to him, those events became the cyclical peaks for the Bitcoin price. First, he noted that when CME Futures were about to launch, many expected that the fact that institutions could have exposure to BTC would bring a lot of capital. However, that wasn’t the case, as it kicked off a bear market instead. The same thing happened with Coinbase going public, sparking optimism that the Bitcoin price could easily cruise to $100,000. However, that wasn’t the case, as that event marked the cyclical peak for the Bitcoin price bull run. At the time of writing, the Bitcoin price is trading at around $99,200, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price continues to stage an attempt to rally significantly towards the highly anticipated $1 mark. Amidst this bullish trend, a crypto analyst has spotlighted a distinctive technical pattern on the Dogecoin price chart known as a “rounded bottom.” As Dogecoin carefully forms this pattern, the analyst has forecasted a significant price surge ahead. […]
The Bitcoin (BTC) price held just below $100,000 at the week’s end, falling 7% to roughly $91,000 on Thursday. This milestone has inspired speculation about Bitcoin’s short, medium, and long-term behavior in the face of increased market volatility. Expert Predicts Bitcoin Could Reach $200,000 According to market expert VirtualBacon, while the $100,000 level is noteworthy, it does not represent the pinnacle of Bitcoin’s potential. He refers to the current phase as the “thrill stage,” in which retail investors are motivated by fear of missing out (FOMO) and media hype. Although Bitcoin’s march to $100,000 may not indicate an early entry point, VirtualBacon predicts it will eventually hit $200,000, citing past price cycles. However, the expert cautions that investors should be prepared for 20% to 30% corrections, but he remains confident about Bitcoin’s long-term potential. Related Reading: XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins? Regarding the present bull run’s longevity, VirtualBacon alludes to previous cycles that show major price increases often last 6 to 10 months. He observes that previous bull runs often peaked 6 to 10 months after important milestones, such as Bitcoin’s halving events. VirtualBacon also drew comparisons between Bitcoin’s latest breakthrough of the $100,000 milestone and its initial breach of the $10,000 level in 2017, which resulted in a quick doubling of the price within 20 days. If history repeats itself, the analyst believes that the Bitcoin price might skyrocket to $200,000. However, if the price consolidates around $100,000, it could signal a sustained bull run, which would be beneficial to altcoins. Ethereum: A ‘No-Brainer Investment’ While the euphoria surrounding Bitcoin’s surge above $100,000 is apparent, VirtualBacon emphasizes that the real potential are in altcoins. He believes that when Bitcoin consolidates, altcoins will certainly take center stage. Ethereum (ETH), in particular, is outperforming Bitcoin, predicting an upcoming altcoin season. During past cycles, Ethereum outperformed Bitcoin by a factor of 2.5. If Bitcoin reaches $200,000, VirtualBacon predicts that Ethereum may grow to $15,000, indicating a fourfold increase. Related Reading: Analyst Confirms Ethereum Golden Cross As ETH Surges Past $4,000 – Is Altseason In Sight? Interestingly, VirtualBacon considers Ethereum a “no-brainer investment” at this time, citing its “significant undervaluation” and ability to generate at least a 3x return, with realistic price targets ranging from $10,000 to $12,000. Finally, VirtualBacon advised monitoring Bitcoin’s performance in relation to its 200-day exponential moving average. He expects the bull market to continue until late 2025, creating several possibilities for wise investments. At the time of writing, the largest cryptocurrency on the market, BTC, was trading at $99,670, up 3.2% on the week. Over longer time frames, Bitcoin still shows significant gains of over 31% and 129% on a monthly and year-to-date basis, respectively. Featured image from DALL-E, chart from TradingView.com
In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the crypto market, particularly with Bitcoin (BTC), which recently reached new all-time highs. Ethereum Surges 61% As ETF Demand Grows According to Bloomberg, Ethereum exchange-traded funds (ETFs) in the United States experienced unprecedented demand, recording a daily inflow of $428 million on Thursday alone. This surge in investment interest reflects a growing confidence in Ethereum, particularly following Donald Trump’s election victory on November 5, which ignited a bullish sentiment across the crypto landscape. Since then, Ethereum has outperformed Bitcoin, boasting a staggering 61% increase in value. Related Reading: Trump’s Crypto Czar David Sacks Is Super Bullish For Solana: Here’s Why The appointment of Paul Atkins to lead the Securities and Exchange Commission (SEC) has further bolstered enthusiasm for Ethereum. Atkins, a proponent of pro-crypto regulation and a member of the advisory board for the advocacy group Token Alliance, is seen as a positive force for the crypto industry. Bloomberg suggests that under his leadership, the restrictions preventing investors from earning yield on staked Ether through ETFs could be reconsidered, enhancing the appeal of these investment vehicles. Altcoin Season In Full Swing Nick Forster, founder of the crypto trading platform Derive.xyz, noted, “Now that Bitcoin has hit $100,000, it appears that investors are seeking the next opportunity.” Forster highlighted that Ethereum remains significantly below its all-time high of $4,878 reached in November 2021, prompting many investors to shift their focus and explore the potential for gains in altcoins like ETH. The increasing interest in Ethereum is also evident in the derivatives market, where open interest in Ether futures contracts on CME Group Inc. has reached record levels, significantly outpacing the growth in Bitcoin futures. Le Shi, managing director at market-making firm Auros, remarked that US institutions tend to favor regulated investment vehicles, resulting in a higher concentration of activity in CME Ether futures and ETH ETFs. Additionally, the founders of Glassnode—Yan Allemann, Jan Happel, and Rafael Schutlze-Kraft—have pointed to the resilience of altcoins amid Bitcoin’s recent volatility. Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout Despite Bitcoin experiencing a 13% dip, altcoins have largely maintained their value, indicating a robust market sentiment. The Altcoin Index hitting 100 further confirms that the market is in the midst of an “Altcoin Season,” with expectations for significant moves as the weekend approaches. Looking ahead, the outlook for the market’ second largest crypto remains optimistic, with increasing expectations for both institutional and retail investments as the current market cycle unfolds. Analysts have already predicted that gains could soon surpass Ethereum’s previous all-time price, setting the stage for a potentially transformative period in the cryptocurrency market. At the time of writing, ETH trades at $3,990. Featured image from DALL-E, chart from TradingView.com
Crypto analyst Bluntz Capital has predicted that the Dogecoin price could soon witness a ‘violent’ 60% move against Bitcoin. The analyst further revealed what needs to happen for this parabolic rally to happen. Dogecoin Price To Record 60% Move Against Bitcoin In an X post, Bluntz Capital shared an accompanying chart showing that the Dogecoin […]
Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook, having recently broken above $4,000 for the first time since March of this year. How The Ethereum Price Could Reach $18,000 In a TradingView post, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025. Related Reading: Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash However, he is confident that if this bullish pattern is completed, then the Ethereum price could reach this $18,000 price target later on this decade. A rally to this price target would give Ethereum a market cap of around $2 trillion based on its circulating supply of 120.44 million ETH. Meanwhile, BallaJi highlighted three logarithmic targets on the chart, with $18,000 being the third and last target. The first and second targets are at $3,818 and $6,236 respectively. In an update on the trade setup, the crypto analyst noted that the Ethereum price has reached, broken, and retested the first target at $3,818. With the trade now active, BallaJi provided insights into how the Ethereum price could continue this upward trend using linear measured moves. The accompanying chart he shared showed that the next linear target is at $5,193; a rally to that target would mark a new all-time high (ATH) for ETH, with its current ATH at $4,800. Meanwhile, the next linear target is at $7,299. BallaJi’s chart showed that the Ethereum price should hit these price targets by next year. A rally to the $7,299 target could then pave the way for ETH to reach $18,000, although the analyst already warned that it might not happen in 2025. Countdown To New ATH Has Begun In an X post, crypto analyst Justin Bennett stated that the countdown to a new ATH for the Ethereum price has begun. According to the analyst, ETH could rally quickly above $5,000 as it breaks several levels this week. The analyst’s accompanying chart showed that the quick rally above $5,000 could lead Ethereum to hit $6,300. Related Reading: Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish Crypto analyst Titan of Crypto also predicted that an Ethereum price rally to $5,000 is imminent. He stated that ETH’s market structure mirrors BTC’s from a few weeks ago. He remarked that the $5,000 target is just the minimum as he believes that Ethereum will likely go higher. At the time of writing, the Ethereum price is trading at around $3,980, up almost 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is still gearing up for a move to break above its current all-time high but continues to face resistance around $0.45 to $0.46. This resistance has been quite notable since the beginning of December, but the long-term outlook remains positive. According to a technical analysis on the TradingView platform, Dogecoin is set […]
After surpassing its $100,000 milestone, Bitcoin (BTC) recorded its largest retrace in the past month before recovering. Amid the flagship crypto’s performance, some analysts have suggested the levels to watch and the next stops for BTC’s rally. Related Reading: Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction Bitcoin Rally To Continue Above $100,000 On Thursday, Bitcoin hit its latest all-time high (ATH) of $103,600 in an 8% daily jump. The largest cryptocurrency by market capitalization broke out of a one-month bullish pennant and smashed past the $100,000 barrier for the first time in history. After the impressive surge, BTC retraced to the $98,000 mark before briefly plummeting to the $90,000 support zone. This 13% correction marks the largest drip for the flagship cryptocurrency since the post-election rally started a month ago and triggered around $1 billion in liquidations, its largest since August. Nonetheless, Bitcoin quickly recovered the $97,000-$98,000 price range, followed by a retest of the previous ATH levels around $99,000 on Friday morning. Renowned crypto analyst Ali Martinez noted that BTC’s rally seemingly depends on a key support level. Martinez revealed the most significant support zone for Bitcoin was the $96,870 mark, where over 1.45 million addresses bought 1.42 million BTC. The analyst explained, “As long as this demand zone holds, there is a good probability that BTC will continue marching higher.” Moreover, he highlighted that the local Bitcoin top is not in yet, as these are “usually reached around the Short-Term Holder Cost Basis +1 standard deviation.” Per the analyst’s chart, this level stood at $112,926 at the time of the report, suggesting that BTC could jump another 13% before seeing the first major retrace. Will BTC Repeat Its 2017 Move? Crypto analyst Jelle pointed out that Bitcoin is still “following the Q4 2023 fractal closely” despite the dip. He suggested that now that the flagship crypto “took out the liquidity on both sides,” it would start pushing back to the $100,000 milestone. Jelle suggested that BTC would range until Christmas, when he forecasts the “true breakout” will happen if it continues following last year’s steps. Additionally, he noted that yesterday’s $100,000 candle resembles BTC’s candle when it first surpassed the $10,000 mark. In November 2017, Bitcoin rallied to $10,000 for the first time, hitting the $11,000 range before plummeting to $8,500. The following day, the largest crypto saw its price recover from the correction and retest the $10,000 barrier, finally turning it into support on the third day. After that, Bitcoin rallied around 90% in the next few weeks to the $19,000 2017 ATH. Based on this, the analyst suggests that the recent price volatility is “totally normal” and will push higher soon if it repeats history. Related Reading: Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next? After the recovery, BTC successfully retested the bullish pennant, setting the stage for a six-figure price “once and for all,” Jelle stated, with the liftoff targeting the $130,000 level. As of this writing, the flagship crypto trades at $101,050, a 4.7% increase on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Market participants look to be securing profits, seeing how the XRP price has corrected since its recent parabolic rally. Analyst TheXRPguy has outlined seven reasons why those yet to secure profits should hold on selling their coins, suggesting that more parabolic rallies lie ahead. More XRP Price Rallies Lie Ahead As Analyst List Reasons Not […]
The Bitcoin price recently achieved a monumental milestone, crossing the $100,000 threshold for the first time in its history. While the breakthrough is a significant achievement for the BTC price, it also raises the question of where it goes from here. The consensus among many analysts is of a continued bullish price action for Bitcoin. However, a crypto analyst on TradingView has issued a stark warning, labeling this price point as a “dangerous zone.” According to their technical outlook, reaching $100,000 could cause a massive correction in the Bitcoin price up to the $72,000 price level. Why $100,000 May Be A Turning Point For The Bitcoin Price After four failed attempts to breach the $100,000 mark, Bitcoin has finally broken through the psychological threshold and is now open to uncharted price territory. Although the Bitcoin price retraced below $100,000 in the hours after, many investors remain optimistic, viewing this retracement as a temporary setback and believing that Bitcoin’s journey above $100,000 is far from over. Related Reading: XRP Downtrend Is Only Temporary: Analyst Gives Reasons Why Price Is Headed For $3.2 The optimism, however, is met with a contrasting perspective from an analysis of the TradingView platform, which offers a more cautious and bearish outlook. The analyst highlights the $100,000 level as a “magnet” that has consistently drawn price activity over the past few weeks, serving as a critical zone of attraction and resistance. With this in mind, the analyst’s outlook is of bearish price action, essentially predicting a retest of $94,000. From here, the analyst expects the occurrence of a market structure break (MSB), which in turn would trigger a broader correction for the BTC price. Interestingly, the analyst predicted that breaking below the $94,000 price level would lead to a retest of $88,000. Should Bitcoin break below the $88,000 support, the analyst foresees further price declines that would drive the Bitcoin price toward an ideal target zone just above $72,200. Bullish Sentiment Outweighs Bearish Sentiment If the bearish scenario outlined by the analyst comes to pass, it could plunge the crypto market into another bear market, with other cryptocurrencies mirroring Bitcoin’s downward trajectory and erasing recent price gains. Related Reading: Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30 However, this remains a prediction rather than an assessment of the current crypto market dynamics. Presently, the crypto market continues to bask in bullish sentiment, as evidenced by the Fear & Greed Index, which is currently at an extreme greed level of 81. A few analysts have suggested that Bitcoin’s price may still have room to climb, with some forecasting potential highs near $140,000. At the time of writing, the Bitcoin price is trading at $98,350. Interestingly, the recent break above $100,000 led to a retest of $94,000 in the past 24 hours. However, the Bitcoin price rebounded from $94,000 instead of breaking below. Despite this rebound, the leading cryptocurrency might not be out of the woods yet. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst KrissPax has provided a bullish outlook for the Dogecoin price, recently indicating that the foremost meme coin is still very bullish. DOGE is currently witnessing a consolidation phase, having rallied significantly between October and early November. Dogecoin Price Still Very Bullish Despite Recent Cool Off In a recent X post, KrissPax suggested that the Dogecoin price is still very bullish despite the recent cool-off. The crypto analyst stated that Dogecoin is trading on the 2-hour chart in a classic ascending triangle pattern. He added that the pattern looks bullish with a flat top resistance line, higher lows, and even the leverage flush that happened. Related Reading: Analyst Who Correctly Predicted The Ethereum Price Crash Against Bitcoin Reveals Where It’s Headed Next KrissPax isn’t the first to highlight an ascending triangle pattern on the DOGE chart, which provides a bullish outlook for the Dogecoin price. Crypto analyst Rekt Capital also recently drew the community’s attention to this bullish pattern and suggested that Dogecoin could rally to $0.56 when it breaks out from this consolidation triangle. Since its parabolic rally between October and early November, the Dogecoin price has consolidated within the $0.4 range. However, crypto analysts like Master Kenobi and Kevin Capital have suggested that the meme coin’s price action is expected and still in bullish territory despite this cool-off period. According to these analysts, the Dogecoin price consolidated for around 25 days in the last bull run after its first bull phase before it enjoyed another leg to the upside. History looks to be repeating itself, seeing as the foremost meme coin has consolidated for a similar number of days this time around. This consolidation period could soon end, as the Dogecoin price has cooled off for around 25 days this time around. In line with this, Master Kenobi predicts that Dogecoin could enjoy another pump in the next few days, rally to $1, and eventually reach as high as $2.9. DOGE’s Next Leg Will Be “Violent” Crypto analyst Bluntz Capital has predicted that the next leg up for the Dogecoin price will be explosive. In an X post, he stated that Dogecoin would record a “violent upside move” when it breaks this 3-week accumulation trend. His accompanying chart showed that the foremost meme coin would reach $0.6 on this next leg up. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers This projected rally will put the Dogecoin price close to its current all-time high (ATH) at $0.73. Crypto analyst Crow also provided a bullish outlook for Dogecoin, stating that market participants should not fade DOGE. His accompanying chart showed that the meme coin could even break its current ATH on this next leg up. At the time of writing, the Dogecoin price is trading $0.43, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
As Bitcoin continues to attract major inflows from institutional investors, the Dogecoin price is on the move as it is increasingly becoming the go-to cryptocurrency for retail investors. Interestingly, Dogecoin’s price performance has also largely correlated with the Bitcoin price. As such, Bitcoin’s recent break above the $100,000 price level has seen the Dogecoin price also […]
Dogecoin is in focus today, as it happens to be an important day for the foremost meme coin. Given the amount of attention it is set to gain today, DOGE could experience a significant rally. Dogecoin Turns 11 And Could Enjoy A Milestone Rally Dogecoin turns 11 today. The meme coin was launched on December […]
Technical analysis of the XRP price has revealed the creation of corrective waves in light of the recent correction since December 3. Particularly, the cryptocurrency is now trading between crucial Fibonacci levels that could be correcting for a while longer. With the aid of these Fibonacci levels, crypto analyst Dark Defender shared insights on social media platform X, highlighting the $2.13 and $2.92 price ranges as pivotal for the XRP price. XRP Tests Fibonacci Levels Amid Market Correction According to the XRP chart below, which was first highlighted on social media platform X by crypto analyst Dark Defender, the XRP price rally earlier in the month saw it peaking around $2.92 on crypto exchange Binance, which also aligned with the 261.80% Fibonacci extension level. This impressive high, however, was short-lived as the token faced a correction that brought its price down to a support at $2.17. Notably, this support is also just above the 161.80% Fibonacci extension level at $2.13, which is now a critical point for the XRP price going forward. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers With this in mind, Dark Defender noted that both $2.92 and $2.17 are the most important price levels to watch right now. The rebound from $2.17 suggests that the correction may be bottoming out, with his analysis pointing to a transition into Wave B in the daily time frame. What To Expect During Wave B Speaking of Wave B, this analysis is based off of a three-corrective-wave pattern. This pattern, comprising three distinct phases, Waves A, B, and C, has played out repeatedly during XRP’s price rally. Within this structure, Waves A and C represent downward trends, while Wave B reflects an upward move. If this corrective model were to repeat itself, the XRP price could experience a climb to $2.92, corresponding to the 261.80% Fibonacci extension level, before another downward trend potentially leads it back to retest support at $2.13, the 161.80% Fibonacci extension level. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally As Dark Defender noted, it might take a couple of days to get rid of this structure. This means that the XRP price could continue to trade between these levels before any decisive move either upwards or downwards. Recent market factors suggest a break to the upside, which would send the XRP price on a resumption of breaking into new multi-year highs. At the time of writing, the XRP price is trading at $2.37, having increased by 2.9% in the past 24 hours. One factor contributing to this optimism is the nomination of Paul Atkins by President-elect Donald Trump to lead the SEC. Atkins is widely regarded as crypto-friendly, and his potential leadership could mark the end of the longstanding SEC-Ripple legal feud. Such a resolution would likely invite significant institutional and retail inflows into the XRP ecosystem. Featured image created with Dall.E, chart from Tradingview.com
As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out from a key resistance zone. The second-largest crypto rally has fueled optimism about its targets, with some suggesting that it could mimic BTC’s 2020-2021 rally. Related Reading: Bitcoin (BTC) Crashes 33% In South Korea Amid Increasing Political Turmoil Ethereum Reclaims $3,900 Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a 10% surge in the past week, moving from the $3,500 mark to the $3,900 resistance. On Wednesday, the King of Altcoins surpassed the $3,800 level for the first time in six months and continued climbing to retest the $3,900 resistance, not seen since early March. In the early hours of Thursday, ETH turned this key zone into support, briefly dipping to $3,860 before jumping back to the recently reclaimed level. As the cryptocurrency nears its yearly high of $4,093, sentiment around the token’s short-term performance has turned extremely bullish. Ethereum is retesting a massive multi-year resistance zone, which could send ETH to a new ATH. According to analyst Alex Clay, the cryptocurrency attempts to break “through the Key Resistance Zone on the weekly timeframe.” ETH has rested the key zone five times since 2021, facing rejection from the upper resistance at $3,950 on four occasions before. However, Ethereum broke past this level in late 2021, when it hit its all-time high (ATH) and held above it for nearly three months. The analyst noted that if the King of Altcoins successfully breaks above this level and turns it into support, it will be the next “to break through” and smash its ATH. Clay added that he sees “no major pullback in the near time.” Similarly, crypto analyst Jelle stated that if Ethereum breaks above the March high, “all bets are off,” suggesting that the chances of ETH taking a long consolidation period before a new ATH like BTC did were “very low.” ETH To Rally Toward $10,000? Jelle also noted that Ethereum’s current setup mimicked Bitcoin’s in July 2020. Per the chart, Bitcoin broke through a multi-year downtrend line by mid-2020, followed by a massive 500% 10-month rally toward the $60,000 mark in April 2021. The analyst noted that ETH breached the multi-year trendline today, like BTC in 2020, which could trigger a similar rally toward new highs in the next few months. He added that investors are “in for a treat if this plays out anything similar.” In another post, he highlighted that Ethereum started rallying when Bitcoin broke its ATH and entered price discovery when BTC traded nearly 100% above its previous cycle high. Related Reading: Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next? He considers that it would be surprising to “see things play out similarly this time around. BTC & ETH climbing in tandem, leading to ETH entering price discovery somewhere around ±$130,000.” Based on this, the analyst believes that a 150-200% rally toward the $10,000-$12,000 price range for the cryptocurrency is possible for this cycle. As of this writing, ETH is trading at $3,905, a 2.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
President-elect Donald Trump, now a vocal supporter of Bitcoin, took to social media to congratulate cryptocurrency holders on surpassing the $100,000 milestone for the first time in history. Bitcoin Price Surpasses $100,000 In a post on Truth Social, Trump expressed his excitement and support, stating, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump’s Bitcoin endorsement aligns with his campaign promises to position the United States as the “crypto capital of the world.” His administration, set to begin on January 20, 2025, is expected to implement significant regulatory changes through agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Related Reading: Hut 8 Unveils $750 Million Initiative To Establish Strategic Bitcoin Reserve These proposed adjustments are critical to fostering the growth of the digital asset ecosystem, which Trump believes will be a cornerstone of his presidency and a notable shift from President Biden’s administration and treatment of the nascent financial sector. The timing of Trump’s announcement coincides with the resignation of current SEC Chair Gary Gensler, who stated that his last day at the agency will also be January 20. This transition is anticipated to pave the way for former SEC Commissioner Paul Atkins, who is expected to take the helm with a pro-crypto vision. Legal chief Dan Gallagher of Robinhood Markets expressed confidence in Atkins, noting, “Paul Atkins was made for this job,” and predicting that he would tackle the industry’s concerns regarding “regulation by enforcement” from day one. BTC Valuation Surpasses Major Public Companies The recent surge past $100,000 has propelled Bitcoin’s market capitalization to over $2 trillion, making it a more substantial asset than most public companies, including tech giants like Nvidia, Apple, and Alphabet. This valuation also surpasses the government bond markets of several countries, including Spain and Brazil, and approaches the market capitalization of the FTSE 100 Index in the UK. Analysts are optimistic about the future, with Fadi Aboualfa, head of research at Copper Technologies, stating that reaching $100,000 indicates the beginning of a new phase in the bull market, one that appears resilient to external shocks. Manuel Villegas, a digital assets analyst at Julius Baer, added that the demand for Bitcoin remains strong, suggesting the possibility of a supply squeeze in the coming year, similar to previous trends. Related Reading: Dogecoin (DOGE) Bounces Back: Is a New Rally Brewing? Moreover, Trump’s return to the White House could signal a shift in government involvement in Bitcoin. During a Bitcoin conference earlier this year, Trump proposed the idea of creating a strategic stockpile of Bitcoin, starting with assets seized by the US government. Allies like Robert Kennedy Jr. and Republican Senator Cynthia Lummis have even suggested that the government could purchase 1 million Bitcoin, worth approximately $100 billion at current prices, as a means to back the US dollar. Starting Thursday, Bitcoin reached a new all-time high of $104,150 per coin, marking a substantial 6.6% surge within 24 hours. However, since that peak, the price has retraced to around $103,000 The question now is whether this upward trend can be sustained or if profit-taking by investors will lead to a correction for the leading digital asset. The future outlook will also depend on the next key support level, with $100,000 as a critical point that could facilitate further price increases. Featured image from CNBC, chart from TradingView.com
Despite its notable gains throughout this year, the Dogecoin price has yet to break above its all-time high in 2021, but analysts continue to remain bullish. Interestingly, recent analyses from crypto analysts have compared the Dogecoin price action to that of the XRP price rally, with the general consensus being new all-time highs for both […]
The Bitcoin price has soared above $100,000 for the first time ever, sparking optimism among market participants. In line with this development, crypto analyst Xanrox has provided insights into whether more gains lie ahead for Bitcoin or whether this rally above $100,000 could be a potential bull trap. What Next For Bitcoin Price Following Rally To $100,000 In a recent TradingView post, Xanrox suggested that the Bitcoin price will unlikely enjoy a sustained rally for now. He explained that this is unlikely because a sustained rally could easily put Bitcoin at $600,000 by December 2025, which is impossible. As such, he believes that BTC would need to slow down. Related Reading: Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30 The analyst further noted that the Bitcoin price hasn’t made any bigger correction in the past weeks, which is one reason why he is not looking to buy BTC anytime soon. Xanrox remarked that the market needs to see a shakeout and a flash crash first before anything else. He suggested that Bitcoin could drop to as low as $85,000 when this correction finally happens. Xanrox stated that the $85,000 level is a very reasonable support because it is the end of the massive FVG (fair value gap) on the daily candles. He added that this target is also the start of the first price action on the volume profile. The crypto analyst revealed that this is the level at which he is looking to buy Bitcoin. The crypto analyst indicated that this Bitcoin price rally to $100,000 is a bull trap, as he highlighted a symmetrical triangle on the four-hour chart. He said this looks like a bull trap for retail traders because everyone would buy the breakout. As such, he envisages that Bitcoin would make a last push to sweep liquidity. A Major Correction Might Not Come Anytime Soon On the other hand, crypto analyst Ali Martinez has offered a diverging opinion, suggesting that a major correction might not come anytime soon for the Bitcoin price. In his recent X post, he alluded to a previous post in which he stated that the current bullish cycle is very similar to the ones in 2017 and 2020. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally If this pattern holds true, Martinez predicts that the Bitcoin price won’t suffer its first major correction of between 15% to 30% until its hits $135,000 or even $159,000. Meanwhile, the accompanying chart put the market top for Bitcoin at $240,000, indicating that it will still have more room to move the upside even after this correction. At the time of writing, the Bitcoin price is trading at around $102,800, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The XRP price is currently experiencing corrections after a dramatic six-week rally. Notably, the XRP price recently peaked at $2.82, reaching its highest level since January 2018, before retreating in the past 24 hours. This retreat has seen the XRP price decline by about 12% in the past 24 hours as the Bitcoin price broke […]
The Ethereum price has returned above the $3,800 price level on the back of a 5% increase in the past 24 hours. Interestingly, this Ethereum price increase has come amidst a simultaneous increase in the performance of ETH against BTC in recent weeks. According to crypto analyst Benjamin Cowen, this recent price action might actually be the earliest stages of Ethereum’s price increase against Bitcoin within the next six to 12 months. Analysing The ETH/BTC Pair The last two weeks were highlighted by a consolidation of the Bitcoin price below the $99,000 price level as investors continued to await a break above $100,000. Amidst this Bitcoin price correction, the Ethereum price kickstarted a notable increase from the $3,340 level on November 26. This rally allowed Ethereum and many other altcoins to outperform Bitcoin, leading to speculation about whether the crypto market is now in the initial phases of a long-awaited altcoin season. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally According to technical analysis from popular crypto analyst Benjamin Cowen, this might be the earliest recovery stage for the ETH/BTC pair. Taking to social media platform X, Cowen remarked that the ETH/BTC pair recently bottomed out at 0.03187, which aligns closely with his previously forecasted worst-case scenario of 0.03. Back in 2023, Cowen had predicted a substantial decline in the ETH/BTC pair. Back then, the ETH/BTC pair was trading around 0.066, but he predicted that it could drop by over 45% at that point. Interestingly, this prediction has materialized as Ethereum’s valuation relative to Bitcoin has been on a decline since the last quarter of 2023 up until recent weeks. Fast forward to December 2024; Ethereum has rebounded and is performing well against Bitcoin. Particularly, the ETH/BTC pair is currently around 0.0396, up 24% from a 2024 low of 0.03187. This resurgence prompted Cowen to re-examine the ETH/BTC pair, and his outlook has turned positive. Historical Trends Suggest A Seasonal Rebound Cowen highlighted Ethereum’s historical tendencies, noting that the ETH/BTC pair often gains momentum in December or January. If this trend holds and the ETH/BTC pair gains momentum in December, Ethereum may already be in the early stages of recovery. However, if it was to wait until January, a sweep of prior lows at 0.03187 and possibly 0.03 remains possible but increasingly unlikely. He added that within a few months, the exact bottom might become irrelevant. Related Reading: Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30 Looking ahead, Cowen projected a 6-12 month horizon for significant gains in the ETH/BTC pair. Such a move would be highlighted by the Ethereum price outperforming the Bitcoin price and a full altcoin season. At the time of writing, Ethereum is trading at $3,845. Bitcoin, on the other hand, has finally broken above the $100,000 mark and is currently trading at $103,000. The ETH/BTC pair is currently trading at 0.03755. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Trader Tardigrade has drawn the crypto community’s attention to a bullish pattern from 2021, which the Dogecoin price is replicating. This has raised the possibility of the foremost meme coin rallying to $16 in this market cycle. Dogecoin Price Replicates 2021 Bullish Pattern In an X post, Trader Tardigrade revealed that the Dogecoin […]
The XRP price has witnessed a significant correction after rallying to as high as $2.9 this week. This has raised speculations about whether the recent rally is over, but crypto analysts MadWhale has indicated that XRP still has more room to move to the upside. Analyst Explains Why XRP Price Is Headed For $3.2 In a TradingView post, MadWhale explained why the XRP price is headed for $3.2. The analyst noted XRP’s significant trading volume and the stock’s prolonged underperformance compared to other cryptos. Indeed, XRP experienced a prolonged period of stagnation while other coins experienced significant gains. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally MadWhale stated that this extended period of stagnation has left the stock highly compressed and ready for a potential breakout. The analyst added that fundamental and technical analysis point to a favorable outlook, with the chart indicating strong upward potential. In line with this, he anticipates that the XRP could revisit its current all-time high (ATH) and even higher targets. The XRP price has cooled off and retraced in the last 24 hours, following its parabolic rally in the last couple of weeks. Crypto analyst Dark Defender had predicted that this correction would likely happen. He stated that he expects XRP to range between $2.13 and $2.92 for a few days before it continues its upward trend. Like MadWhale, Dark Defender also offered a bullish outlook for XRP, predicting that the crypto would rally to the mid-target level of $3.9993 next. Such a rally will mark a new ATH for XRP, as its current ATH is $3.8. Meanwhile, in a recent analysis, crypto Egrag Crypto stated that a bounce from $2.19 would lead to higher highs and cause XRP to continue its bullish momentum. Egrag Crypto is confident that the XRP price will rally to double digits in this market cycle. The Road To $3.99 In his most recent X post, Dark Defender provided an update on XRP’s projected rally to $3.99. The analyst noted that the XRP price has continued to move the Fibonacci levels. He reaffirmed that this recent correction was expected. The crypto analyst added that these side moves can last a little bit more. Related Reading: Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30 The crypto analyst also provided insights into key levels to watch out for while the XRP price ranges. He highlighted $2.13 and $2.27 as support levels for XRP and $2.92 and $3.99 as the targets for the crypto. A reclaim of the $2.92 target, which is a Fib level, indicates that the crypto is ready to continue its upward trend. At the time of writing, the XRP price is trading at around $2.30, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Tron (TRX) joined the crypto market’s rally by jumping over 100% in 24 hours to a new all-time high (ATH). Its surge ignited a bullish sentiment among crypto investors and market watchers, fueling optimism for higher targets. Related Reading: Bitcoin (BTC) Crashes 33% In South Korea Amid Increasing Political Turmoil Tron Hits New ATH After 7 Years As Bitcoin (BTC) continues moving sideways between the $94,000-$96,00 price range, many altcoins have started recording massive rallies. Cardano (ADA) recently reclaimed the $1 mark in a 200% rally, while XRP soared above the $2.5 resistance on a 300% surge. Yesterday, TRX, the native token of the Tron Blockchain, soared 104% intraday to hit its news ATH in nearly seven years. The token moved from its daily low of $0.22 to the $0.29 mark, surpassing its previous high of $0.23. The rally continued with another jump above the $0.30 barrier before climbing to its latest ATH of $0.45 on Tuesday night. The surge saw the cryptocurrency flip some crypto rivals, sending Tron back into the top ten crypto list. According to CoinMarketCap data, TRX’s market capitalization hit over $36 billion, surpassing Toncoin (TON) and Avalanche (AVAX) by this metric. Tron founder Justin Sun highlighted the feat in an X post: 6 years later. Still here. Still #BUIDLing. Things have changed, but one thing hasn’t: #TRON remains a top 10 contender. Since then, Tron has retraced around 20%, hovering above the $0.35-$0.36 zone before falling to the $0.33 mark. Despite the retrace, TRX remained the leading cryptocurrency, with 20% gains in the last 24 hours. TRX’s Rally To Continue? As TRX’s price surged, crypto analyst Javon Mar stated that Tron was “HEAVILY on what can be soon noted as a historical bullish move.” He also suggested that the cryptocurrency’s price was “far from done,” forecasting another massive rally to the $1.1 area. Similarly, another analyst noted that TRX has “finally triggered a MEGA setup from all the way back in 2018 on its dominance chart” against all other Altcoins. And added that Tron has “barely put its running shoes on.” Related Reading: Solana (SOL) Could See A Correction Despite Historic Monthly Close, $400 Still On Sight? The analyst also signaled that a test of the previous ATH was possible as a retest of that level as support could propel the token to $0.50. However, Team LAMBO advised to watch out for the $0.33 level. The analyst stated that Tron was possibly “cooking a massive bull flag on the 15-minute timeframe,” with the bottom trendline between the $0.35-$0.36 price range. A breakout above $0.42 could target the $0.60 barrier while breaking down the pattern and losing the $0.33 support would invalidate it. As of this writing, TRX is trading at $0.33, a nearly 80% surge in the past seven days and a 116% monthly jump. Featured Image from Unsplash.com, Chart from TradingView.com
The XRP price action in the past few weeks has been nothing but phenomenal. Particularly, the XRP price has surged by over 460% from its $0.5 range at the beginning of December to peak at $2.82 within the last 24 hours. This notable surge has brought XRP into the spotlight, with various discussions on social […]
The Bitcoin price has recently attempted to reclaim the $96,400 level as support after breaking above the bearish trend line. A crypto analyst has underscored why this support level is crucial for Bitcoin’s next price rally, as it could set the stage for a potential retest above the $100,000 All-Time High (ATH). Bitcoin Price Retests $96,400 To Trigger Surge To $100,000 Prominent crypto analyst Rekt Capital took to X (formerly Twitter) on December 4 to inform his over 518,000 followers about the current Bitcoin price action and future direction. The analyst suggested that if Bitcoin successfully tests the $96,440 support level, it could trigger a price increase to $100,068. Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout Sharing a price chart, Rekt Capital revealed that Bitcoin has persistently retested its series of Lower Highs, establishing them as a key support level. In his Bitcoin price chart, “Lower Highs” means that each successive high point is lower than the previous point. This development is typically observed during a downtrend. However, with Bitcoin now treating these lower highs as support, it indicates a potential shift in the market, suggesting that prices may be stabilizing after declining. Rekt Capital also highlighted that Bitcoin is producing longer downside wicks, indicating that its price declined significantly during the time frame, but buyers stepped in. The analyst emphasized that Bitcoin is currently grabbing liquidity at lower prices without breaking below the key support trendline. A liquidity grab occurs when large volumes of orders at key price levels are triggered unexpectedly. In the case of Bitcoin, “grabbing liquidity” refers to the market dipping into levels where buy orders are clustered, enabling large players to execute trades. Rekt Capital has disclosed that, as long as this trend continues, Bitcoin will eventually move back up to reclaim the $96,440 level. Recovering this crucial support will allow Bitcoin to reach and even surpass the $100,000 milestone. Related Reading: Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why Bitcoin’s Bear Case Scenario Looking at the price chart presented by Rekt Capital, several support levels are highlighted, indicating price levels that Bitcoin could fall to if it fails to reclaim the $96,440 mark. While current Bitcoin price action indicates that it could potentially reach $100,000, the analyst has suggested that if the pioneer cryptocurrency fails to hold the $96,440 support, it might retest a lower support level of around $91,070. As indicated by the red line on the price chart, $91,070 is a critical price level for Bitcoin. If the cryptocurrency also falls below this level, it could crash to new lows around $87,325. As of writing, the price of Bitcoin is trading at $96,737, marking a 3.24% increase over the past week. A drop below the $87,300 level would represent more than a 10% crash from Bitcoin’s current value. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Jacob Canfield has raised the possibility of the Dogecoin price replicating the recent XRP rally. This came as the analyst highlighted similarities between Dogecoin’s recent price action and XRP’s. Dogecoin Price To Replicate XRP Rally? In an X post, Jacob Canfield suggested that the Dogecoin price could soon replicate the recent XRP rally. […]
The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November. Particularly, Dogecoin is currently in the flag phase of the bullish pennant formation, which is known to be the consoldation phase before the next leg up. According to Crypto analyst KrissPax, this Dogecoin price movement is creating a “great springboard for the next big Doge pump.” Dogecoin’s Sideways Trading Forms The Foundation For Growth The Dogecoin price has been trading within range since it reached the $0.47 mark on November 23. This range has been highlighted by a key support level around $0.37 that prevented further declines on November 26. Crypto analyst KrissPax noted that this consolidation has held above support, which he interprets as constructive rather than negative. Related Reading: Bitcoin Price Prediction: Charting The Roadmap Of BTC To $150,000 By 2025 In terms of a Dogecoin price outlook, KrissPax highlighted that the consolidation has led to the formation of a bullish pennant, which is set to be broken at the upper trendline. For his price prediction, he highlighted the $1.3 level as the prime target after the breakout. The bullish pennant typically forms after a strong upward rally followed by consolidation, with price movements resembling a triangle. A breakout from this pattern often signals the continuation of the prior trend, making $1.30 a plausible target if the pattern holds true. The current Dogecoin sideways trading is holding support and making for a great springboard for the next big Doge pump. This bullish pennant targets a big move up to $1.30! Chart: Trader Tardigrade pic.twitter.com/cho062TLNU — KrissPax (@krisspax) December 3, 2024 What Could Drive The Dogecoin Price To $1.3? At the time of writing, Dogecoin is trading at $0.419, according to CoinMarketCap, reflecting an impressive surge of about 178% over the past 30 days. Should Dogecoin manage to sustain its upward trajectory and achieve a breakout toward the $1.30 target, it would represent an additional 210% increase from its current price, as well as a decisive move beyond its all-time high of $0.7316. Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout However, the path to $1.30 depends on other market factors that extend beyond the bullish pennant pattern currently forming in Dogecoin’s price chart. Nonetheless, current market factors suggest that the meme coin’s price is still in a good position to keep growing. A key contributor to this outlook is the recent surge in activity on the Dogecoin blockchain, particularly among large holders. According to data from blockchain analytics firm Santiment, there has been a significant whale accumulation over the past several days. According to Santiment’s data, Dogecoin whales collectively acquired an additional 160 million $DOGE tokens within just 48 hours. This increase in demand could help sustain Dogecoin’s price rally and support its bid to surpass previous highs. Featured image created with Dall.E, chart from Tradingview.com
The XRP price has been on a roll, with a gain of around 90% in the last seven days, providing a bullish outlook for the crypto. This bullish momentum might just be getting started as XRP is nearing the legendary 4.236 Fibonacci level, suggesting that a rally to $9 is possible. XRP Price Approaches 4.236 […]