Dogecoin whales are on a significant accumulation spree, as reports reveal that these large-scale token holders have bought over 550 million DOGE tokens. This massive accumulation trend comes as analysts predict that DOGE may be preparing for a major price leap. Dogecoin Whales Go On Massive Buying Trend Crypto analyst Ali Martinez has revealed that […]
The Bitcoin price is well on its way to reaching the $100,000 price mark, with multiple projections saying it could do so by this weekend. Notably, the Bitcoin price reached an intraday high of $99,486 in the past 24 hours, putting it by about only 0.5% from reaching $100,000. As the entire industry continues to await the Bitcoin price break above $100,000, crypto analyst Tony “The Bull” Severino has highlighted an interesting outlook for what to expect from here. Bitcoin Price Mirrors 2017 Pattern Crypto analyst Tony Severino drew parallels of Bitcoin’s recent price movements to its 2017 surge. The Bitcoin price first broke before the round figure mark of $10,000 in the last week of November 2017. Now seven years later, it is exhibiting similar price movements as it looks to break above the next round figure mark of $100,000. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels Bitcoin’s break above the $10,000 level was a pivotal moment in its price history, as it marked a break above a key psychological threshold. Severino pointed out that after reaching this psychological milestone, the Bitcoin price nearly doubled in value within two weeks. Severino used the outcome of this move to draw parallels with the current performance of the Bitcoin price. This time, however, the stakes are higher, with Bitcoin now about to break above the $100,000 mark. Particularly, this is a figure that carries even greater psychological significance in the outlook of the Bitcoin price than the $10,000 mark. Could Breaching $100,000 Cause Another Excitement? Severino’s analysis centers around the idea that breaking $100,000 could cause another sharp Bitcoin price increase, much like what happened after it crossed $10,000 in 2017. He noted that the Bitcoin price could see gains of up to 100% from its current price, but the pace of the rally may happen extremely fast. Related Reading: Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think This rapid ascent could mark the final leg of this bull run that will create a peak followed by a significant correction, much like how the 2017 bull cycle played out. “The top is near,” Severino cautioned. However, he doesn’t believe Bitcoin’s peak is just two weeks away; he suggested it could be as close to around two months. It is important to note that the Bitcoin ecosystem has changed massively since it first broke above $10,000 in 2017. At that time, the rally was driven largely by retail investors and Bitcoin whales who got in relatively early. The current landscape includes a growing institutional interest in Bitcoin, especially through Spot Bitcoin ETFs. This institutional interest has been key to the steady growth of the Bitcoin price throughout this year, and current market dynamics point to such continued growth. At the time of writing, Bitcoin is trading at $99,032, up by 2% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst has drawn a distinct comparison between the Dogecoin and Shiba Inu price movements, noting that the trajectory of both meme coins closely mirrors each other. While he points out these similarities, the analyst has projected the next bullish target for Shiba Inu as its price action shows signs of a potential uptrend. […]
Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level. Some market watchers believe ETH is about to move toward Q1 highs and kickstart the altseason. Related Reading: Crypto Community’s Revenge: Solana Memecoin Rug-Pulled By Gen Z Trader Hits $80 Million Market Cap Ethereum Retests Key Support Level Ethereum has been heavily criticized for its performance against Bitcoin (BTC), with investors worrying that ETH might not run to new highs this cycle. ETH’s price action has moved sideways while the flagship crypto continues its price discovery mode. On Thursday morning, BTC neared the $100,000 mark after hitting its latest all-time high (ATH) above $98,000, while ETH continued hovering in the mid-zone of its $3,000-$3,200 one-week price range. However, Ethereum has seen a remarkable 5% pump to trade above the $3,200 mark for the past hour. The second-largest crypto rose above $3,200 a week ago for the first time in over three months, hitting the $3,400 mark before retracing 5%. Over the past week, ETH attempted to reclaim the $3,200 resistance as support but failed twice to achieve it. Today, the cryptocurrency’s jump has propelled its price past the key resistance toward the mid-range of the $3,300 zone, reigniting a bullish sentiment toward Ethereum. Analyst Crypto Yapper asserted that the $3,200 is “the next big breakout” for Ethereum, as it has been a major rejection point for the last week. The analyst highlighted that after ETH’s consolidation, the next move was a retest of this level, which could see the crypto breakout toward the $3,500 mark if successfully reclaimed. However, failing to turn this resistance into support could likely see ETH’s price lose the $3,000-$3,100 support and move toward the $2,600 level, a major resistance before this month’s breakout, before attempting to reach $3,500. ETH’s Breakout To Kickstart The Altseason Crypto analyst Rekt Capital noted that ETH is breaking out of a short-term bull flag today. Per the post, the King of altcoins broke out of a three-week bull flag formation after surpassing $3,200. A confirmation of the breakout “would see ETH revisit the $3,700 above,” forecasted the analyst. Similarly, crypto analyst Zayk pointed out that the cryptocurrency displayed a two-week bullish pennant formation in the 4H timeframe. A successful breakout from the bullish pattern above the $3,200 mark could target a 15% rally to $3,700. Related Reading: Aptos Following SUI’s Lead? Analyst Says APT’s ‘Explosive Breakout’ Targets $20 Crypto trader Daan stated that investors should wait to see if Ethereum’s current momentum sustains. However, he considers that the next impulse for ETH/BTC is “likely to have some legs and go for some proper relief.” This run could see the ETH/BTC trading pair move back toward the 0.04 mark, which it traded at two weeks ago. This move would display a 20% surge from the current levels, which “should absolutely send the overall altcoin market and bring BTC Dominance down a decent amount.” As of this writing, the ETH’s price holds above $3,350, trading 2% below last week’s high. Featured Image from Unsplash.com, Chart from TradingView.com
A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price. Bullish Divergence Hint At Dogecoin Price Surge On November 20, crypto analyst Trader Tardigrade on X (formerly […]
The Dogecoin hash rate has spiked sharply, reaching new all-time highs. This bullish development reflects increasing network activity and miner participation. The surge also aligns with the recent positive shift in Dogecoin’s momentum, which favorable market conditions and sentiment have bolstered. Dogecoin Hashrate Reaches New ATH Dogecoin mining activity is experiencing a major upsurge, as […]
Crypto analyst TechDev has predicted that the Bitcoin price could rally to as high as $139,000 in this market cycle. The analyst made this prediction based on previous election cycles, which were also bullish for the flagship crypto. Bitcoin Price To Reach $139,000 Based On Previous Election Cycles In an X post, TechDev predicted that the Bitcoin price could reach $139,000 in this bull run based on previous election cycles. In 2012, the Bitcoin price was $10 on election day, and a year later, BTC witnessed a 22.7x increase as it rallied to $245. In 2016, Bitcoin was $710 on election day and then recorded a 10.12x increase as it rallied to $7,200. Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern Meanwhile, in 2020, the Bitcoin price was at $13,588 on election day. Then, it witnessed a 4.51x increase and rallied to $61,300 a year later. The analyst highlighted a pattern whereby Bitcoin’s price replicates its increase from the previous cycle plus an additional 44.5% surge, which led to Bitcoin’s price a year after the US elections. Based on this, TechDev noted that the BTC price could reach $139,000 if it replicates its 4.51x increase from the previous cycle plus an additional 44.5% surge. Bitcoin was trading at $69,400 on the day of the US presidential elections earlier this month. The US presidential elections have historically been bullish for the BTC price as the flagship crypto always hits new highs after every election cycle. It is also worth mentioning that Bitcoin never dropped below its price on election day. Moreover, this election cycle looks more bullish than others, considering the US now has its first-ever pro-crypto president. The Bitcoin price has reacted positively to Donald Trump’s victory, continuing to pump since Trump defeated Kamala Harris. The flagship crypto is now eyeing the $100,000 milestone, having surged over 37% since the start of this month. What Happens Next When BTC Hits The $100,000 Milestone Crypto analyst Ali Martinez has provided insights into what could happen next after the BTC price hits the $100,000 milestone. In an X post, the analyst said that Bitcoin’s price action looks like it did in December 2020. He added that the Relative Strength Index is also nearly identical to the one in December 2020. Related Reading: Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next? If Bitcoin is to replicate the price action from that period, Martinez predicts that the Bitcoin price will rally to $108,000 after it hits $100,000 and then drop to $99,000 before it continues its uptrend and further rally to $135,000. Coincidentally, this comes close to TechDev’s target of $139,000 for Bitcoin. At the time of writing, the Bitcoin price is trading at around $97,000, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst MadWhale has provided a bullish outlook for the Dogecoin price. The analyst predicted that the foremost meme coin could witness a significant rally and highlighted support areas that market participants should focus on. Dogecoin Price To Witness A 37% Surge In a TradingView post, MadWhale predicted that the Dogecoin price would likely witness a 37% rally to $0.55 soon. However, the crypto analyst warned that short-term bearish movements or consolidation phases could occur before the major uptrend. MadWhale suggested that this wasn’t something to worry about, as these patterns often appear before a significant surge. Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern MadWhale highlighted key support levels using Fibonacci retracements to manage these Dogecoin price fluctuations better. The crypto analyst’s accompanying chart showed the $0.3 level as the main support based on the Fib level. A bounce of this support level could send Dogecoin to the $0.55 target. The crypto analyst also indicated that the Dogecoin price is showing significant strength, surpassing long-standing resistance levels, which MadWhale mentioned signals an important shift. The analyst said this is a key development as Dogecoin gains momentum with higher trading volumes and growing social media influence. Regarding resistance levels, $0.4 might be the next big hurdle for the Dogecoin price. Crypto analyst Kevin Capital recently stated that $0.4 is a crucial resistance level for Dogecoin, representing the 0.786 Fib level. He noted that Dogecoin has been testing this Fib level but faced rejection on November 19. While the analyst is confident that the Dogecoin price will eventually break above this resistance level, he remarked that it must happen “cleanly and violently” if the foremost meme coin is to witness any major price rally to the upside. Dogecoin breached this $0.4 level following its run after Donald Trump’s victory but couldn’t hold that level as support and has since been consolidating in the $0.3 range. DOGE Ready For The Next Move To The Upside? Crypto analyst Trader Tardigrade suggested that the Dogecoin price was ready for its next leg to the upside. In an X post, the analyst stated that Dogecoin is ready for the next run. He identified a Hidden Bullish Divergence on the 4-hour Relative Strength Index (RSI) chart, which provides a bullish outlook for DOGE. Related Reading: 297% Spike In Cardano Large Holder Volume Suggests ADA Price Could See Another Uptrend Trader Tardigrade noted that this RSI Hidden Bullish Divergence occurs when the price forms higher lows while the RIS forms lower lows. He added that this signal indicates an uptrend continuation for the Dogecoin price. Meanwhile, it is worth mentioning that crypto analyst Ali Martinez recently affirmed that the Dogecoin bull run is on and noted that these corrections are typical in every parabolic bull run Dogecoin has recorded. At the time of writing, the Dogecoin price is trading at around $0.38, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Ethereum price has been consolidating for about a week since it hit a four-month high at $3,420. As the second largest cryptocurrency, Ethereum has the biggest price correlation with Bitcoin. However, you could argue the Ethereum price has been largely left behind in terms of performance throughout the ongoing bull cycle. Interestingly, a crypto analyst, Ben Lilly, has shared a bold prediction about the trajectory of the Ethereum price. Taking to a post on the social media platform X, Ben Lilly forecasted that the Ethereum price will reach a new all-time high (ATH) between December 21, 2024, and January 7, 2025. The prediction stems from his analysis of the previous performance of the ETH price movements during Bitcoin’s ATH discovery phase in 2021. A Historical Parallel: Ethereum’s 2021 Rally In his analysis, Ben Lilly referenced Ethereum’s price behavior during the historic rally of the Bitcoin price in the 2021 bull run. At the time, the Ethereum price was trading nearly 60% below its 2018 peak. After Bitcoin broke out to fresh ATH levels, it took Ethereum five weeks to follow suit, rallying by about 640% to reach its current ATH of $4,878. Related Reading: Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next? Lilly believes the present market conditions mirror those of 2021, with the Bitcoin price recently entering price discovery mode. Ethereum, which was approximately 50% below its 2021 peak of $4,418 as of November 2024, has started to rebound, showing over 20% gains within just two weeks from a low of $2,366 on November 4. Interestingly, the analyst’s comments suggest that as the Bitcoin price continues to set new price records this bull run, Ethereum is likely to follow with a substantial price leap very soon. The timeframe for this substantial price leap, he projects, aligns closely with late December 2024 and early January 2025. Based on his projections, the analyst asserts that Ethereum could repeat its historical pattern and rally significantly within a short timeframe. He highlights that a 300% surge from Ethereum’s November 4 low price level could push it toward the $10,000 mark. ETH will form a new ATH between Dec 21-Jan7. I don’t make the rules. pic.twitter.com/NVgVdQ8Bsj — Ben Lilly (@MrBenLilly) November 20, 2024 Current State Of The Ethereum Price Ben Lilly’s Ethereum price prediction highlights the importance of the Bitcoin price momentum to that of the second-largest asset. Particularly, the 2021 pattern he pointed to is a result of an altcoin season where the altcoin market (led by Ethereum) started to outperform the Bitcoin price. Related Reading: 297% Spike In Cardano Large Holder Volume Suggests ADA Price Could See Another Uptrend As it stands, an altcoin season has yet to materialize this cycle, and all the interest is going into Bitcoin. The Bitcoin price is currently on an all-time high roll, meaning the market will have to continue to wait for the interest to roll into Ethereum. At the time of writing, the ETH price is trading at $3,107 and is down by 3.84% in the past seven days. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin (BTC) achieved a new record high of $94,730, continuing a significant uptrend that began on November 5. Analysts are dubbing this rally the “Trump trade,” as the recent political developments surrounding Donald Trump’s victory have instilled renewed confidence among investors in BTC and the broader crypto market. Analyst Forecasts 42% Increase For BTC Despite the impressive surge, analysts believe Bitcoin’s price discovery is far from complete, indicating substantial potential for further growth. Among those sharing this bullish sentiment is analyst Ali Martinez, who draws parallels between Bitcoin’s current price movements and those seen in December 2020, before the notable uptrend that ultimately led to an all-time high of $69,000 in 2021. Related Reading: Dogecoin Forms A ‘Nasty Triple Top’: Analyst Reveals What’s Next Martinez notes that the relative strength index (RSI), a key technical indicator used to gauge momentum, is currently mirroring the patterns observed in late 2020. This similarity suggests that the BTC price may be poised for significant upward movements in the coming months. According to Martinez, if this trend continues, Bitcoin could target the $108,000 mark, followed by a potential correction to around $99,000, before bouncing back to a predicted milestone of $135,000. This forecast represents an increase of over 42% from current levels, although Martinez did not specify a timeline for these movements, indicating they might occur anywhere between now and the first quarter of 2025. Bitcoin To Reach $1 Million By 2029? In even more optimistic projections, market expert Timothy Peterson, who identifies as a network economist, suggests that Bitcoin’s current bullish trend could persist until November 2025, with ambitious targets set for the future. In a recent post on X (formerly Twitter), Peterson predicted that Bitcoin could reach $275,000 per coin by Thanksgiving Day 2025. He bases this projection on Metcalfe’s Law, which posits that the value of a network is proportional to the square of its number of users. This indicates that as more individuals adopt Bitcoin, its value is likely to increase significantly. Related Reading: BlackRock Bitcoin ETF Options Surge: December 20 Call Signals BTC Price Target Of $180,000 Looking further ahead, the economist also asserts that the Bitcoin price could achieve the coveted valuation of $1,000,000 per coin by 2029, representing a staggering 954% increase from current levels. Trading at $94,730 as of this writing, the largest cryptocurrency on the market has seen massive gains in recent weeks, with a 26% and 39% increase in the fourteen and thirty day time frames, respectively. Furthermore, BTC has reached a market cap valuation of $1.8 trillion, making it one of the most valuable assets in the world, currently ranked 7th, just behind companies such as Nvidia, Microsoft, Google and Amazon. But quite far from the leading asset in this matter which is gold with a market cap of $17 trillion. Featured image from DALL-E, chart from TradingView.com
The Dogecoin price has been trading sideways for the past few days, consolidating around the $0.4 mark as it targets a breakout to the upside. This $0.4 price point is represented by the 0.786 Fibonacci level, which an analyst has confirmed that Dogecoin continues to test in order to witness a price rally. Dogecoin Price Targets 0.786 Fib Breakout Kevin, a Dogecoin analyst on X (formerly Twitter), has shared his analysis of the DOGE price action, highlighting a key resistance point that could catalyze the meme coin’s anticipated rally. Given the recent surge in the Dogecoin price this month, many analysts have forecasted that the meme coin is gearing up to hit the $1 ATH. Related Reading: Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation Some of these analysts have also suggested that factors like Donald Trump‘s win in the U.S. Presidential election, Elon Musk’s D.O.G.E commission, and growing positive sentiment in the crypto community, could become the critical drivers for the Dogecoin price, pushing it to new highs. Despite this bullish sentiment, the DOGE price continues to trade sideways, struggling to break through the $0.4 price. Kevin has disclosed that the $0.4 mark is a crucial resistance level for Dogecoin, representing the 0.786 Fib. He highlighted that the Dogecoin price has been testing this critical Fibonacci level but was sharply rejected on November 19. This price rejection is also among several failed attempts in the past few days, as Dogecoin has repeatedly tested this crucial level. While the optimism for a Dogecoin price surge is high, Kevin has stated that unless the meme coin can break above this crucial resistance level “cleanly and violently,” there’s no reason for investors to expect any major price movement or get overly excited about a potential rally. The Dogecoin analyst also highlighted a critical resistance level for the Bitcoin price. Kevin has revealed that Bitcoin’s next upside rally will occur once it clears the resistance level at $100,000. The analyst suggests that the market will likely move slowly and remain relatively uneventful until the pioneer meme coin can break past this crucial milestone. Dogecoin Next Target: Monthly Close Above $0.335 In another X post, Kevin explained the downside target for the Dogecoin price if it fails to break the 0.786 Fib resistance level. He revealed that the DOGE price moment, via its chart, is showcasing a “nasty triple top” at the macro 0.786 Fib level. Related Reading: Here’s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash Kevin has predicted that a drop to the $0.30 mark is highly possible for Dogecoin if volatility and market uncertainty persist. This decline could also be triggered by selling pressures and a lack of bullish momentum. Conversely, the analyst has revealed that the next big rally for Dogecoin could be seen if the meme coin can close a monthly candle above $0.335 in the next 11 days. Kevin has stated that achieving this feat would be a significant milestone, marking Dogecoin’s highest monthly candle close of all time. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has witnessed an impressive activity surge in the past few weeks, with many crypto participants looking at a continued surge until the end of the year. In a recent analysis shared on X (formerly Twitter), crypto analyst Ali Martinez has projected a significant surge in the Dogecoin price, suggesting it could continue […]
The Cardano blockchain has witnessed a surge in trading activity over the past few weeks, with price data relaying this trend. Cardano’s price increase in the past 30 days has been more than impressive, with its price doubling within this period. At the time of writing, the ADA is now trading at its highest point so far in 2024 after breaking above the March high of $0.77. Delving deeper into the forces behind this rally, on-chain metrics suggest that the surge is being driven by strong buying momentum, particularly from large ADA holders. Data from the blockchain analytics platform IntoTheBlock highlights a noteworthy spike in large transaction volume, which today reached $22.56 billion. This figure marks a 297% spike in large transaction volume in the past two weeks. Spike In Cardano Large Holder Volume The surge in Cardano’s large holder activity is highlighted by the ‘Large Transactions Volume in USD’ metric provided by blockchain analytics platform IntoTheBlock. This metric captures the total value of on-chain transactions exceeding $100,000 within a 24-hour period, offering insights into the behavior of high-net-worth investors and institutional participants. Related Reading: Here’s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash Interstingly, the Large Transactions Volume in USD metric recently reached $28.43 billion on November 16, which is its highest so far till date. Such a figure underscores the significant interest and heightened activity on the Cardano blockchain, particularly among large-scale holders who are likely driving much of the network’s momentum. This elevated level of activity has shown no signs of stopping, with the most recent data reporting $22.56 billion in large transactions over the past 24 hours. To provide perspective, Cardano began November with daily large transaction volumes hovering just below $6 billion before experiencing a notable uptick starting November 6. What’s Next For ADA Price? At the time of writing, the ADA price is trading at $0.80, up by about 6.5% in the past 24 hours. This price point marks the highest ADA price since May 2022. Not just large holders; retail holders are also in on the trend. The ADA trading volume has surged by about 29% in the past 24 hours, coming in at $2.31 billion. Related Reading: Bitcoin Price Forms Bullish Symmetrical Triangle, Crypto Analyst Says Next Stop Is $100,000 As it stands, Cardano is currently outperforming every other large market cap crypto in the past 24 hours. On-chain data and key market indicators suggest that this bullish momentum is likely to persist, with the next significant price target being a breakthrough above the psychological $1 mark. Beyond the large transaction metric, other metrics such as the net network growth and positive momentum in the futures market suggest a very optimistic outlook. Featured image created with Dall.E, chart from Tradingview.com
Meme coin trader Unipcs (Bonk Guy) has predicted that BONK will soon hit a new all-time high (ATH). The crypto further outlined several reasons why the Solana meme coin is about to blast through ATHs again. Why BONK Is About To Reach A New ATH In an X post, the meme coin trader said that […]
The Solana price could be gearing up to reach a new ATH of $4,000, according to an analyst who highlighted its recent breakout from a massive Cup and Handle pattern. This bullish signal comes on the heels of recent gains in the Solana (SOL) price, which have pushed it significantly above the $200 mark, indicating strong upward movement. Solana Price Targets $4,000 Breakout A Crypto analyst identified as ‘CryptoRus’ has shared a longstanding prediction that suggests Solana could reach $4,000 by the end of the current market cycle. The analyst has based this bullish outlook on a technical pattern called the “Cup and Handle.” Related Reading: Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation According to CryptoRus, Solana has just broken out of its Cup and Handle pattern formation on its price chart. This unique chart pattern is considered a bullish signal and, in technical analysis, signals an extending upward trend. The analyst’s chart illustrates Solana’s price action on the weekly time frame, using the aforementioned technical pattern as the basis of analysis. From 2022 to mid-2024, Solana experienced a period of consolidation and recovery, as seen in the cup part of the technical pattern. The “handle” in the chart pattern also shows slight consolidation; however, the analyst has pinpointed a breakout signal at the end. This breakout is set to occur once Solana can surpass resistance levels between $195 and $255. After the anticipated breakout, the analyst suggests a solid upward trend, with projections implying a greater upside above $4,450 to a staggering $5,000. A surge to this impressive target would require Solana to experience a 2,027% rally from its current price. Earlier this week, when Solana was on the verge of breaking out of its Cup and Handle technical pattern, the analyst revealed in a previous X post that the Cup depth of the pattern suggests a bullish price target of $400 for Solana in this market cycle. A surge to $400 would represent a 70.21% increase from present market values. Update On Price Movements Recently, the Solana price has been on a significant upward trend, recording impressive gains amidst the bull market. This bullish price movement comes as Bitcoin sees massive gains that have pushed it to a new ATH above $93,000. Related Reading: Bitcoin Price Forms Bullish Symmetrical Triangle, Crypto Analyst Says Next Stop Is $100,000 As one of the world’s leading altcoins, many analysts have projected bullish targets for the Solana price, expecting it to hit new all-time highs as the bull market heats up. As of writing, the Solana price is trading at $237, recording a 14.88% increase in the last seven days and an even larger price gain of 41.7% over the past month, according to CoinMarketCap. While the cryptocurrency’s daily trading volume of $6.8 billion is down by 12.32%, Solana still shows promise of a surge if market conditions remain favorable. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Tmilnebml has highlighted a bullish pattern that is forming on the Dogecoin price chart. Based on this, the analyst predicted that the DOGE price could rally to as high as $4.2 as the meme coin enters the next phase of this bullish pattern. Dogecoin Fibonacci Spiral Could Send Price To $4.2 In a […]
Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency’s recent performance follows SUI’s lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks. Related Reading: Bitcoin ‘Parabolic Phase Just Begun’, Is BTC Hitting $100,000 This Week? Aptos To Follow SUI Steps Aptos has recorded a remarkable performance amid the market’s rally. Following the US presidential elections, the cryptocurrency has climbed from the $7.8 mark to reclaim the $11 support zone for the first time since late April. According to some crypto analysts, APT’s chart displays a similar trajectory to SUI’s. Analyst Alex Clay pointed out APT’s performance is “following SUI steps perfectly,” suggesting that a breakout might be coming soon. Per Clay’s post, Aptos’s chart displays the same price action as SUI, starting with a decline from its 2023 highs followed by a rise toward March’s highs. After Q1’s performance, the cryptocurrencies retraced over 70%, making a higher low (HL) from last year’s bottom and rising near March highs. However, SUI took the lead and is currently in its “price discovery mode” after surpassing its March ATH a month ago. In the last month, the token surpassed its previous high several times, setting its latest ATH of $3.92 two days ago. Based on this, the analyst suggests that investors should “wait for APT to breakout and price discovery.” Another market watcher previously noted that SUI and APT were moving in a “catch-up trade” path for the last year. The trader explained that the cryptocurrencies followed a similar path before SUI “decoupled” twice. Following SUI’s takeoff, APT experienced an over 40-day lagging period before resuming its run. At the time of the report, Aptos was two weeks away from catching up on SUI, which now coincided with the post-election run. An SUI-like breakout could see APT surpass the $18 mark and soar toward a price discovery zone above the $20 range. APT Eyes $20 Target Crypto analyst Quinten highlighted APT’s recent performance, asserting that it is “reclaiming its dominance, printing consistent higher highs and higher lows.” He also noted that the token’s chart shows “strong accumulation leading up to this explosive breakout.” Last week, the token soared over 40% toward its monthly high of $13.3, a level not seen in seven months. Since then, the cryptocurrency has moved sideways, consolidating between the $11.5-$12.6 price range, briefly losing the lower range when Bitcoin (BTC) retraced toward $87,000. Related Reading: Crypto Analyst Warns of Potential Bitcoin Market Shift as Exchange Reserves Decline The $11 mark was a significant resistance throughout Q3, with APT being rejected from this range several times. However, the token has successfully held above this level for seven days. As a result, the analyst believes the current momentum could send Aptos to a new ATH, as the “next big psychological and technical target” is at the $20 mark. At the time of writing, APT is trading at $11.79, a 2.2% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Popular Dogecoin influencer Mishaboar has issued an urgent warning to all DOGE investors and the broader community. Mishaboar has revealed that investors stand to lose all their coins if they fail to retrieve their private keys from the defunct Dogechain.info platform. Final Deadline For Dogecoin Investors To Secure Private Keys In an X (formerly Twitter) […]
Crypto analyst Ali Martinez has provided insights into what the Bitcoin price trajectory could look like in the coming weeks. Interestingly, the analyst predicted that Bitcoin could rally to $138,000 and then experience a 30% price crash. Why Bitcoin Could Rise To $138,000 And Crash After In an X post, Martinez alluded to historical trends to explain why the Bitcoin price could rally first to $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC rallied 124% in the 2020 bull run before it witnessed a 32% correction. Related Reading: Analyst Says XRP’s 11-Year SuperCycle Is Coming To An End, Why A Surge To $3.4 Is Imminent If history were to repeat itself, Martinez predicts that the Bitcoin price could rally to at least $138,000 before experiencing its first major pullback. Bitcoin has cooled off in the last few days following its parabolic rally after Donald Trump won the US presidential elections. However, the analyst recently mentioned what needed to happen for the flagship crypto to break above $100,000 and possibly reach this $138,000 target. He stated that the BTC price needs to achieve a sustained daily close above $91,900 to invalidate its bearish outlook at the moment and rally to $100,680. This came as he explained why Bitcoin could witness a price correction soon enough. Martinez noted that the greed index was currently at its peak, which is usually bearish for the Bitcoin price since investors could be overleveraging their positions, leading to a massive flush. Meanwhile, in his most recent X post, Ali Martinez indicated that this Bitcoin price rally above $100,000 would happen before the significant price correction. This time, he upped his target to $150,000, stating that the breakout could happen the next day or two before the 30% price correction. Price Could Double From Previous ATH In Next Three Weeks Crypto analyst Kevin Capital predicted that the Bitcoin price could double in the next three weeks. He noted that in every Bitcoin cycle after BTC broke its previous ATH, the crypto went into price discovery and doubled its price in four to six weeks. According to Kevin, BTC is 45% to 50% away from doubling its price from the previous ATH of $73,000 and is on week three of price discovery. Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? The analyst stated that if the BTC price doesn’t record this 45% to 50% rally in the next three weeks, it is technically underperforming previous bull markets. However, it is worth mentioning that this cycle is the only one in which the Bitcoin price has reached a new ATH before the halving event, which took place earlier this year. At the time of writing, the Bitcoin price is trading at around $91,900, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price movements have recently formed a bullish symmetrical triangle pattern, a technical indicator that often precedes significant upward momentum. This pattern formation has come amidst a back and forth between $93,477 and $85,970 after the Bitcoin price reached an all-time high of $93,477 on November 14. The observation of this bullish symmetrical triangle was highlighted on the social media platform X by the crypto analyst known as Stockmoney Lizards, who is also credited with developing the Satoshimeter indicator. Symmetrical Triangle Points To A Bitcoin Price Breakout A symmetrical triangle is formed when a descending resistance line and an ascending support line converge, indicating a period of consolidation. As the price approaches the apex of this formation, it typically breaks out in the direction of the prevailing trend. Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? In the case of Bitcoin, the Bitcoin price action on the daily candlestick timeframe has been one of a series of lower highs and higher lows for about the past week. This formation has led to the Bitcoin price trading in an increasingly tightening range, which is ultimately going to breakout in either direction. For Bitcoin, the existing uptrend suggests a potential breakout above the upper trendline of the symmetrical triangle, which is just below $91,000. To confirm such a breakout, analysts look for a spike in trading volume and at least two consecutive closes beyond the trendline. Commenting on this setup, the Stockmoney Lizards stated, “The current setup suggests a potential breakout to the next level. All eyes are on 100k. This is when retail investors will crush the candy store and the real fun will start.” Such a breakout, if confirmed, could lead Bitcoin to establish new highs above the six-digit threshold of $100,000, which in turn would trigger a wave of inflows into other cryptocurrencies. Next Bitcoin Price Target: $100,000 The psychological milestone of $100,000 has been a focal point for Bitcoin enthusiasts and analysts since the beginning of this bull cycle. Notably, the calls for a $100,000 price target have been even more pronounced since the Bitcoin price broke above its March high of $73,737 earlier this month. Related Reading: Analyst Says XRP’s 11-Year SuperCycle Is Coming To An End, Why A Surge To $3.4 Is Imminent At the time of writing, Bitcoin is trading at $91,770, having reached an intraday high of $92,653 in the past 24 hours. This means it has effectively broken out of the symmetrical triangle since Stockmoney Lizards’ technical analysis. Interestingly, the analyst highlighted this breakout in an update to his analysis. Now that the breakout of the symmertical triangle has been effectively confirmed, it remains to be seen whether the Bitcoin price can reach the coveted $100,000 price mark before the end of November. All indicators point to go, with the demand for Bitcoin currently far outpacing the supply. Featured image created with Dall.E, chart from Tradingview.com
Meme coin Dogecoin seems like it is starting to consolidate just below the $0.4 price level. Particularly, the Dogecoin price has traded below $0.4 in the last five days, reaching a low of $0.343. This DOGE price performance is unsurprisingly going to lead to the notion of whether it has already reached its price top […]
Max Schwartzman, the CEO of Because Bitcoin, has provided a bullish outlook for PEPE. He stated that the meme coin is mirroring the Dogecoin price action in the 2021 bull run and explained exactly how this is happening. How PEPE Is Mirroring The Dogecoin Price In an X post, Max asserted that PEPE is the […]
The long-awaited rally in the XRP price may be coming to a fast end, as a crypto analyst has predicted a 40% crash for the cryptocurrency. Despite XRP’s recent bullish momentum breakthrough to the $1 mark, the analyst has revealed that XRP is showcasing a Gravestone DOJI candlestick formation, signaling a bearish outlook for the cryptocurrency. XRP Price Expected To Crash 40% A crypto analyst identified as ‘Without Worries’ on TradingView has released a detailed analysis of the XRP price action, projecting a 40% crash in the short term. The analyst emphasized that this 40% decline could happen in days, with XRP set to witness a significant reversal from its recent price highs. Related Reading: Bitcoin Forms Bullish Pennant That Shows Surge To $113,000 Is Coming, Here’s How According to the TradingView crypto expert, the XRP price action witnessed an impressive 150% gain over the past 10 days. This price increase fueled its rise to the $1 milestone for the first time in three years. Despite these bullish developments, the analyst has highlighted several reasons and technical indicators that point to an imminent trend reversal and price correction for XRP. In the XRP price chart, the analyst identified and confirmed the Gravestone DOJI, a bearish candlestick pattern that appears during market tops and signals the potential for a price correction. The Gravestone DOJI candle indicates that buyers who had tried to push the price of XRP higher were significantly overwhelmed by sellers set on profit-taking. Another indicator that suggests that the XRP price could be preparing for a significant correction is the Relative Strength Index (RSI) and Money Flow Index (MFI) support breakouts. The RSI measures the speed and changes in an asset’s price movements, indicating whether it is overbought or sold. On the other hand, the MFI considers both price and volume, highlighting where the money is flowing. A support breakout in XRP’s RSI signals a potential trend reversal due to an overbought market. A breakout in MFI, which the analyst has stated is a very noteworthy indicator, suggests that funds are leaving an asset, ultimately signaling weakening buying pressure. More Factors That Suggest An Upcoming Crash As mentioned earlier, the TradingView analyst has predicted that the XRP price may crash by 40%, meaning the cryptocurrency could drop from its current value of $1.11 to $0.66. In addition to the factors above, the market expert has stated that XRP’s price action is currently outside the Bollinger bands, which measure an asset’s price volatility. Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price The analyst has revealed that 95% of price actions occur within the bands. Hence, prices outside the Bollinger bands often signal a pullback or correction toward the mean point at $0.73. Moreover, he noted that the bands are curving inwards, suggesting that XRP buyers may be exhausted, increasing the likelihood of a price reversal. Furthermore, the TradingView crypto analyst highlighted that most traders are either long or bullish on XRP, which is a contrarian signal for the cryptocurrency’s price outlook. While he acknowledges a possibility for a continuous upward trend for XRP, the analyst has also noted that present indicators suggest a low probability. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin (BTC) started the week by breaking out of a bullish pattern after moving sideways for most of the weekend. The flagship cryptocurrency just started its “parabolic phase,” sitting 3.4% below its all-time high (ATH), which could bring “massive moves” for BTC this week. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike Bitcoin ‘Parabolic Phase’ Just Started Bitcoin has seen a massive surge in the last two weeks, jumping 32% to the $89,000-$90,000 price range. BTC’s remarkable performance saw it soar 11% last Monday, preparing the ground for its eventual surge toward its latest ATH of $93,400 two days later. Since then, Bitcoin’s price has hovered between the $89,000-$92,000 range, briefly falling to $87,000 last Friday. Over the weekend, the flagship crypto continued to move within this rage, registering its largest weekly close in Bitcoin history. Crypto analyst Rekt Capital pointed out that BTC is barely starting its “parabolic phase,” noting that week three of the cycle’s “first price discovery uptrend” started today. The analyst explained that, historically, BTC has seen around 300 days of parabolic run each cycle, with the first major pullback coming over a month after entering price discovery mode. Per the post, it took six weeks before the flagship crypto’s first major pullback in 2013. In 2017, BTC rallied for eight weeks before registering a deeper pullback. Meanwhile, it soared for four weeks before experiencing a major retrace in the 2020-2021 cycle. Based on this, the analyst considers that “history suggests there’s more upside to come and that the first Price Discovery Correction is still weeks away.” Is A Move Massive Move Coming This Week? Ali Martinez noted that Bitcoin seems to be repeating 2020’s pattern. In 2020, after breaking its previous ATH of $19,700, BTC rose 26% and consolidated for a week. Following its consolidation, BTC jumped 66% toward $40,000 in the next two weeks. Martinez pointed out that Bitcoin has risen 28% since surpassing its March ATH and has been consolidating for nearly a week. This suggests that the cryptocurrency’s price could be getting ready for a substantial surge in the following days, potentially hitting the $100,000 mark this week. Crypto Yapper, another market watcher, stated that Bitcoin will likely make a “massive move” soon. The analyst highlighted the flagship crypto’s consolidation, noting the significant price action around the $89,000-$90,000 mark. Related Reading: Bitcoin Bulls Aren’t Backing Down: Rally Continues? This horizontal level acted as a key resistance zone earlier last week but has been confirmed as support throughout the past five days. As Bitcoin retested the $91,000 earlier today, the analyst also pointed out its price could continue the bullish trajectory and aim for a new ATH around $95,000. Additionally, BTC started the week breaking out of a one-week symmetrical triangle pattern. To Crypto Yapper, this is a “typical continuation pattern” for the cryptocurrency, which suggests that Bitcoin is set to continue its climb if the breakout is confirmed throughout the day. The analyst stated that BTC’s continuation of its uptrend could hit $100,000 by Sunday. As of this writing, Bitcoin is trading at $90,260, a 10% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Dogecoin has seen a significant uptick in activity over the past few hours as its price begins to rebound following a correction over the weekend. Over the last 24 hours, there has been a notable increase in the number of large DOGE transactions being moved across Dogecoin wallets. These large Dogecoin transactions, typically involving amounts greater than $100,000, are often regarded as an important indicator of a whale or institutional involvement in the market. Although the Dogecoin large transactions could as much be selloffs as they were accumulations, the sheer surge in activity shows a positive trend for the meme coin. Dogecoin Large Transaction Activity Intensifies The recent Dogecoin rally appears to be losing steam following an impressive surge that pushed its price above $0.42 for the first time since the 2021 bull market. A seeming profit-taking trend among traders that rode through the price rally has led to a pullback, bringing the Dogecoin price back below the $0.40 threshold. At the time of writing, the Dogecoin price is currently trading below $0.40, having corrected to a $0.346 low in the past 24 hours. Related Reading: XRP Price Rockets Past $1: On-Chain Data Unveils Key Holder Cohort Behind Breakout The correction has brought about the idea that maybe the Dogecoin price has finally expanded its sentiment among crypto investors. However, on-chain data suggests this might not be the case. Despite the price correction, the Dogecoin blockchain continued to witness a surge in activity. According to data from analytics platform IntoTheBlock, Dogecoin recorded $23.35 billion in Dogecoin’s large transaction volume over the past 24 hours, representing a notable 41.12% increase compared to the previous day. In addition, the blockchain registered 157,190 active addresses during the same period, marking a 34.91% rise. What Does This Mean For DOGE Price? These metrics highlight sustained interest in Dogecoin, even amid its price correction. The sharp increase in Dogecoin’s large transaction volume and active addresses suggests that traders, particularly large holders, remain engaged with the meme coin. Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started This renewed interest appears to have translated into increased buying pressure, as evidenced by a concurrent price uptick in the past 24 hours. DOGE has risen by approximately 4% during the past 24 hours and is now up 7.4% from its weekend low. Adding to the bullish sentiment, crypto analyst Captain Faibik has pointed out that the Dogecoin price is on the verge of breaking above the upper trendline of a falling wedge pattern. This falling wedge formation has been developing since DOGE’s price peaked at a three-year high of $0.4265 on November 14 and began consolidating. Based on this technical analysis, Captain Faibik predicts that a breakout from the wedge could trigger another rally, pushing Dogecoin’s price up by 25% to reach $0.47 At the time of writing, the Dogecoin price is trading at $0.38. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price correction extended throughout the weekend, teasing what might be the steady end of a powerful rally in the previous four weeks. The popular meme-based cryptocurrency dropped to a low of $0.3431, retreating from a recent high of $0.4265. This 19.55% decline has sparked speculation on social media about the sustainability of its gains […]
A crypto analyst has noted that XRP has finally broken out of its long consolidation phase, signaling the onset of a major price rally. He further predicts that the XRP price is on the verge of ending an 11-year SuperCycle, which could pave the way for a surge to $3.4 once finalized. SuperCycle To Trigger $3.4 Surge Skyrexio, a TradingView crypto analyst, has released an XRP price analysis, forecasting a possible increase to $3.4. In the chart analysis, Skyrexio disclosed that XRP has recently broken out of its four-year consolidation period, potentially signaling the start of a bullish uptrend. Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price Unsurprisingly, the total duration of the consolidation period coincides with the number of years XRP has been involved in a legal battle with the United States Securities and Exchange Commission (SEC). Following the lawsuit, the XRP price crashed significantly, staying range-bound for years as it struggled with legal and regulatory challenges. Notably, Skyrexio’s bullish forecast for the XRP price relies on the Elliott Wave Theory, a technical indicator that predicts price movements of an asset by identifying recurrent long-term price patterns. The analyst noted that XRP’s first Elliott Wave began in 2013, almost 11 years ago. After that, the cryptocurrency experienced a price correction, followed by the legendary Wave 3. Over the last three years, the price of XRP had been trading sideways, failing to experience gains that would push its price significantly above the $0.5 mark. Skyrexio has revealed that this prolonged sideways movement can be interpreted as a corrective triangle pattern in Wave 4. The analyst revealed that XRP has successfully broken out of this triangle pattern, signaling the end of its correction phase. He suggests that the cryptocurrency is now in Wave 5, the last wave of its first global SuperCycle. Based on XRP’s Elliott Wave analysis, Skyrexio has outlined two bullish targets for the XRP price. The analyst forecasts that XRP could rise between $2.5 and $3.8 at the end of this SuperCycle. He emphasized that the higher price target at $3.8 is more likely to be achieved, as historical data shows that in 90% of cases, Wave 5 experiences a higher high than Wave 3. Concluding his analysis, Skyrexio pointed out key bullish indicators on his price chart, including a bullish reversal bar and green dot at the end of Subway C. He suggested that these bullish signs, appearing on the monthly time frame, are strong indicators of a potential upward move that could drive the XRP price to its final bullish target. Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started Update On XRP Price Dynamics The XRP price has achieved a monumental milestone for the first time in years. In just one week, the cryptocurrency rallied by 101.77%, experiencing significant price gains following Donald Trump’s win in the US presidential elections this month. Earlier this year, the price of XRP was stuck in the $0.5 range, experiencing slight gains but unable to break past this critical resistance level. Now, the cryptocurrency has doubled its price and is trading above $1, a historic feat that has caught the attention of the broader crypto community. As of writing, XRP has gained another 10.1% and is priced at $1.16, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Cathie Wood, CEO of asset manager and crypto ETF issuer ARK Invest, has long maintained her bullish outlook on Bitcoin, and her recent comments reinforce her optimistic projections for the largest cryptocurrency. Following Donald Trump’s electoral victory over Vice President Kamala Harris last week and Bitcoin’s recent surge to an all-time high of $93,250, investor sentiment surrounding Bitcoin has notably improved. Anticipated Regulatory Relief In a recent interview on CNBC’s Squawk Box, Wood discussed her expectations for Bitcoin’s price trajectory. She stated that ARK Invest’s targets for 2030 range between $650,000 and, in a bullish scenario, between $1 million and $1.5 million. Ark’s CEO attributed the current uptrend in Bitcoin’s value to several catalysts, particularly the anticipated regulatory relief that could come from Trump’s new administration. Related Reading: Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst The now 47th President of the United States has vowed to make significant changes, particularly in the leadership of the US Securities and Exchange Commission (SEC), headed by Gary Gensler and characterized by lawsuits, Wells Notices and increased scrutiny of key industry players. This has led to notable discontent over the past three years of his tenure at the regulatory agency, prompting executives and investors in the digital asset ecosystem to call for a change for a clearer regulatory framework that could invite further adoption and growth of the market. However, Trump promised to fire Gary Gensler on the first day of his new administration, which is expected to begin on January 20. He also vowed to make America the “crypto capital of the world” with a new framework and support for digital assets, with Bitcoin at the center of his economic agenda. This has resonated well with industry advocates, as evidenced by the broader market rally led by the market’s largest digital assets, which have risen nearly 25% since Trump’s election victory. Bitcoin As A Unique Asset Class During the interview, Wood also highlighted that ARK Invest was the first public asset manager to invest in Bitcoin when it was priced at just $250 in 2015. The asset manager believes that even at approximately $90,000, Bitcoin still has significant growth potential. According to Wood, Trump’s victory is pivotal, as it signals a shift toward a more favorable regulatory environment for the cryptocurrency sector—an outcome she views as crucial for Bitcoin’s future. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target Furthermore, Wood emphasized that Bitcoin has evolved into a distinct asset class, separate from traditional currencies. She believes that this shift indicates that institutional investors and asset allocators are increasingly looking to include Bitcoin in their portfolios, recognizing its potential as both a store of value and a hedge against inflation. At the time of writing, BTC is hovering around the $90,120 mark, still up 16% in the weekly time frame, despite the current retracement experienced over the past 48 hours. Featured image from DALL-E, chart from TradingView.com
Dogecoin, which started as a joke, has long been the undisputed king of meme coins and has garnered a huge following since its creation. In a recent analysis shared on the social media platform X, crypto analyst Master Kenobi presented a compelling case for Dogecoin as a superior cryptocurrency compared to Bitcoin. Exceptional Historical Performance […]
Crypto analyst CryptoCon recently alluded to a Bitcoin ‘Golden Multiplier Ratio,’ which he suggested paints a very bullish picture of the Bitcoin price. Based on this, the analyst remarked that the party was just getting started, indicating that the flagship crypto is likely going much higher. Bitcoin Golden Ratio Multiplier Indicates Price Is Going Higher In an X post, CryptoCon highlighted how the Bitcoin Golden Multiplier Ratio indicates that the price is going much higher. He cited level 5 of the Golden Ration Multiplier, which he claimed is dual-purpose for the mid-top and cycle top. The analyst mentioned that Bitcoin formed the mid-top at level 5 in March earlier this year when it reached its previous all-time high (ATH) of $73,000. Related Reading: Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market CryptoCon further mentioned that it seems likely that Bitcoin will hit this level again before this market cycle is over. The analyst added that the level 5 band has increased to $122,000, and it is still climbing. In line with this, he remarked that the party is just getting started, indicating that the Bitcoin rally could still rally way higher and even reach this $122,000 target. In an earlier X post, CryptoCon also used the Magic Bands indicator to provide insights into Bitcoin’s price action and how high it could reach in this bull run. He said Bitcoin is racing to meet level 3 of the Magic Bands at $98,720. He added that the bands are set to rapidly expand to the upside as they adjust for the volume beyond the ATHs. Based on this, the analyst said that the cycle top target is now $134,000 and that the Bitcoin price could gain $1,000 weekly. CryptoCon remarked that he anticipates the cycle top sometime in late 2025. That means there is a lot of time for the bands to expand to higher prices, indicating that the Bitcoin price could rise higher. BTC Primed To Reclaim Local Highs Crypto analyst CrediBULL Crypto stated that the Bitcoin price looks primed to move to the local highs as long as the $87,700 level isn’t breached. The analyst also mentioned that a clear and impulsive move above the local highs at $93,800 would send Bitcoin above $100,000, making the possibility of dropping to $72,000 unlikely until the next bear market. Related Reading: Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst However, if that clear and impulsive move doesn’t happen, CrediBull Crypto stated that it would imply that the move is corrective and makes the odds of retesting the range between $70,000 and $72,000 exponentially higher. He suggested that BTC could even drop below $70,000. At the time of writing, the Bitcoin price is trading at around $91,200, up almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com