The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds. TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher. He highlights that if this resistance holds and Bitcoin fails to break it, the pioneer cryptocurrency will likely face a steeper price decline to new lows of $63,000. The last time Bitcoin was around the $60,000 range was during its massive price rally in 2024 after the launch of Spot Bitcoin ETFs. Considering that Bitcoin has risen as high as $104,000 at one point this year, a crash toward $60,000 would be a devastating blow to investors and its market. Bitcoin Price Crash Imminent The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market. Related Reading: Bitcoin 77% Correction To $25,000, Will History Repeat Itself During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop. Alixjey has also labeled his projected $60,000 – $65,000 downturn as the last chance to re-enter the Bitcoin market, emphasizing that it was a prime HODLing point for potential profits in Q3 and Q4 of 2025. This implies that the analyst anticipates a price rebound in Bitcoin later in the year. Moving on, the TradingView expert highlighted two liquidity levels in the 4-hour timeframe that are likely to be cleared soon. He also acknowledged that he was solely bearish on Bitcoin’s price outlook, indicating that his projected short-term pullback will not be invalidated unless the cryptocurrency crosses the resistance between $94,000 and $98,000. Other factors that could contribute to Bitcoin’s already heightened volatility are the Non-Farm Payroll (NFP) data. AlixJey predicts that once released, this data could lead to high volatility in both stocks and crypto. He urges investors and traders to be cautious, as major economic reports often influence market movements. Analyst Sees Upside Potential After BTC Crashes Due to Bitcoin’s recent declines, many analysts have shared bearish projections of the cryptocurrency, expecting a severe price correction before a potential recovery. One such analyst is Herbert Sim, the Chief Marketing Officer (CMO) of AICean. Related Reading: Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad? Sim projects that Bitcoin will crash to new lows, especially with the recent approval of a crypto reserve in the United States (US). He expects a crash to $40,000 but highlights that it will be short-lived, spanning from weeks, months, and possibly years. However, the AICean CMO suggested that investors who can HODL for the long-term are likely to see more profits once BTC rebounds from bearish trends. Featured image from Adobe Stock, chart from Tradingview.com
In crypto, wild price swings are normal when policies and new regulations are announced. This market observation became evident this week, immediately after US President Donald Trump announced plans for a strategic crypto reserve that includes Ethereum, Solana, ADA, Ripple’s XRP, and of course, Bitcoin. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Cryptos’ reaction was immediate, with Ethereum as one of the top assets that surged and fell massively within days. On March 2nd, ETH was trading at $2,191, then climbed to as high as $2,542 on March 3rd, before dropping below $2,300 at the day’s close and settling at the $2,050 level again the next day. According to Glassnode, the recent crypto price movements unraveled some of the key strategies of ETH holders. A Flurry Of Activities Among ETH Holders Glassnode data shows ETH holders and investors moved and adjusted their holdings during the recent crypto price swings. Based on its three-month analysis, Ether holders who acquired their tokens at $3,500 adjusted their holdings in February. #Ethereum investors actively managed their exposure through this volatile period. After a rally to $2.5K, $ETH retraced to $2.05K – levels last seen in Nov 2023. Cost Basis Distribution (CBD) shows how capital rotated across price levels and who took advantage of the dip. ???????? pic.twitter.com/vl6AdghfRO — glassnode (@glassnode) March 5, 2025 These investors started their positions at a peak price of $2,500, and remained on their positions when ETH revisited $2,050. Based on Glassnode figures, these investors own 1.75 million ETH with an average acquisition price of $3,200. This means that their holdings are now down 10% from their entry. Glassnode also shares that on March 1st, investors bought 500k ETH at an average price of $2,200. However, this group quickly redistributed their holdings when ETH’s price hit $2,500. Ethereum’s recent price action has revealed a new major price resistance at $2,800, where market traders accumulated 800k tokens. As such, crypto holders and investors are now looking at this level if ETH rebounds soon. Growing Accumulation Among ETH Whales Market analysts also highlight the growing trading activity and accumulation among crypto wallets. Crypto commentator Ted shared that a crypto whale investor recently bought 17,855 ETH worth roughly $36 million, with an average price of $2,054. The whale’s ETH holdings are now valued at $2.5 billion. This transaction validates the current accumulation trend, suggesting that today’s price is a “buy opportunity”. Is It Time To Buy ETH? Currently, ETH is trading between $2,100 and $2,300, which is still below its Monday price of $3,500. According to a CryptoQuant analyst, Ethereum is most likely in favorable condition after its recent price swings. The analyst added that Ethereum’s MVRV ratio drops below 1, meaning the asset is undervalued. Related Reading: Mt. Gox Stirs The Market With $1 Billion Bitcoin Transfer—What’s Going On? This level often sets the tone for a price surge in previous bull markets. He also noted that an increasing number of ETH addresses are buying more tokens. These wallets hold ETH without selling, suggesting that institutional players are building their holdings. Still, the CryptoQuant analyst remains cautious on ETH, pointing out that macroeconomic conditions can still sway crypto prices. He then noted the possible impact of tariff measures and monetary strategies on ETH and altcoin prices. Featured image from Reuters, chart from TradingView
On Sunday, Cardano (ADA) saw a massive 80% pump following the US President’s announcement of a “Crypto Strategic Reserve” that will include ADA. As the cryptocurrency retests its key support levels, some analysts believe it might be poised for a 125% rally from current levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Cardano Attempts Reclaiming $1 On March 2, US President Donald Trump announced the establishment of a “US Crypto Reserve” comprised of Cardano, XRP, and Solana (SOL), with Bitcoin (BTC) and Ethereum (ETH) at the heart of the strategic reserve. On his social media platform, Truth Social, Trump stated the strategic reserve would “elevate the critical industry after years of corrupt attacks by the Biden Administration.” The announcement sent many cryptocurrencies into an end-of-week pump to reclaim some recently lost support levels. ADA has been in a downtrend since December when it hit its 3-year high of $1.32 but failed to hold the $1 support in mid-January. The February market retraces sent the cryptocurrency’s price below several key support zones, with the token hovering between the $0.60-$0.80 price range. Following Trump’s announcement, Cardano rose 60% in two hours, climbing from $0.64 to the $1 barrier for the first time in over a month. ADA continued its surge in the following hours, recovering over 80% from its Friday low of $0.58. On Sunday, ADA hit a two-month high of $1.17 before retracing over 20% to the key $0.90 support zone. Cardano investor Sebastian noted that the retest of the $0.92 level was “perfectly normal after such an insane move.” The investor suggested it could consolidate within the $0.90-$1.00 range for a few days before resuming its ascending trajectory. Moreover, he asserted that If ADA breaks above its December high, the token could likely see a new all-time high (ATH) soon. ADA’s New High Could Be Near Crypto analyst Ali Martinez stated that Cardano “could be poised for a rally to $2.20.” According to the post, investors should “watch for a 12-hour candlestick close above $1.19” to confirm the bullish breakout and target an 84% jump from the breakout level. Martinez also highlighted that Cardano whales bought over 420 million ADA in the past 24 hours, which could signal strong sentiment from large-scale investors on the cryptocurrency. Meanwhile, Sjuul from AltCryptoGems affirmed that Cardano’s chart displays a “big power of 3 in the making.” This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? The first phase consists of a consolidation near the recent high after a strong price performance. The second phase sees a token’s price falling below the accumulation phase’s support level and trades within a range below the recently lost zone. In the third phase, a strong price breakout occurs, with momentum building and participants entering the market. According to Sjuul, “the chart never lies,” and Cardano entered the distribution phase after Sunday’s pump, suggesting that ADA could retest December highs soon. As of this writing, ADA trades at $0.91, a 9.9% retrace in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Despite recovering from bearish lows following its recent uptick, a crypto analyst has predicted that the XRP price could undergo a further decline in its price to $1.5. The analyst has pinpointed a critical resistance level that XRP will need to hold lest it crashes to new lows and eradicates recent gains. Analyst Predicts XRP Price Crash To $1.5 TradingView crypto analyst MadWhale has shared a new price analysis focusing on XRP’s future price potential. The analyst emphasized his strong track record of cryptocurrency trends, underscoring that he has accurately identified and hit all the gain targets. Related Reading: XRP Price Pump To $3.35 On The Horizon With Bullish Cup And Handle Pattern Formation MadWhale predicts that the XRP price could crash below $1.9 to $1.5. The analyst revealed that XRP is currently in a downtrend and has been making lower highs and lower lows, indicating a bearish structure. According to his price chart, the cryptocurrency is also trading within a descending channel and fast approaching a key resistance level. This critical resistance point at the $2 mark has been tagged as a psychological level where sellers are likely to emerge and trigger further downward pressure on the cryptocurrency. If a rejection occurs at this $2.00 resistance level, MadWhale highlights that the next support area and downside target will be around $1.90, representing a 17.62% value drop. If the resistance level fails completely and the $1.90 support level breaks, the TradingView crypto analyst has forecasted another major breakdown in the XRP price. He predicts that the cryptocurrency could experience a more profound decline of 35%, possibly dropping down to the next major support level at $1.5. This crash target aligns with the lower boundary of the descending channel in which XRP currently resides. MadWhale has revealed that the decline to $1.5 could serve as a pivotal point for price stabilization, hinting at a possible reversal in the cryptocurrency once bearish pressures wane. The analyst’s price chart also shows that XRP recently tested the upper boundary of the descending channel but faced a rejection near the resistance. The main daily resistance area for the XRP price is marked in red on the chart, suggesting that $2.6 is where selling pressure might occur. As of this writing, XRP is trading at $2.8, already significantly above MadWhale’s daily resistance area. Trump’s Crypto Reserve Plan Triggers Major XRP Price Surge After experiencing a significant price crash over the past few weeks, the XRP price seems to be recovering at an alarming pace. In just one day, the cryptocurrency saw a double-digit price surge, successfully reversing its previous downtrend. Related Reading: Pundit Who Correctly Predicted XRP Price Crash To $2.5 Says Demand Zone Will Send It Soaring Analysts have attributed this unexpected sharp surge to the recent United States (US) crypto reserve plan announced by Donald Trump. The US President had included XRP in his plans for a crypto reserve aimed at boosting the country’s debt strategy and crypto dominance. As news of this strategic plan spread, the XRP price saw a 24.5% increase, pushing its value significantly above the $2.5 threshold once again. Featured image from iStock, chart from Tradingview.com
Ripple CEO Brad Garlinghouse wil meer dan alleen Bitcoin in crypto reserves en pleit voor een multichain aanpak. Volgens hem zou een nationale digitale asset reserve niet beperkt moeten blijven tot BTC, maar ook altcoins zoals XRP en Ethereum moeten omvatten. Dit zou de hele cryptosector ten goede komen en samenwerking stimuleren in plaats van rivaliteit. In dit artikel gaan we dieper in op de impact van een gediversifieerde crypto reserve en welke crypto hier mogelijk van kunnen profiteren. Crypto reserve: Meer dan alleen Bitcoin? Brad Garlinghouse, de CEO van Ripple, heeft onlangs zijn standpunt gedeeld over de discussies rondom het plan van de Amerikaanse overheid om een nationale digitale asset reserve te creëren. Wat begon met Bitcoin is inmiddels uitgegroeid tot een breder initiatief dat andere crypto, zoals XRP, omvat. Dit heeft geleid tot een levendige discussie binnen de cryptowereld, met uiteenlopende meningen over het opnemen van meerdere crypto in de reserve. Ondanks de groeiende aanwezigheid van Ripple in de VS, blijft Garlinghouse zich inzetten voor een multichain toekomst en samenwerking binnen de cryptosector. “De crypto-industrie heeft nu de kans om onze gezamenlijke doelen te bereiken, maar alleen als we samenwerken in plaats van elkaar neer te halen,” stelde hij in een bericht op X. Some thoughts on maximalism… let me say this as clearly as I can – the crypto industry has a real shot, here and now, to achieve the many goals we have in common, IF we work together instead of tearing each other down. This is not, and never will be, a zero-sum game. • I own… — Brad Garlinghouse (@bgarlinghouse) January 27, 2025 Garlinghouse gaf aan dat hij zelf XRP, BTC en ETH bezit, wat zijn overtuiging in een multichain toekomst illustreert. “Ik heb altijd gepleit voor een gelijk speelveld waar tokens niet tegen elkaar worden uitgespeeld,” voegde hij toe. Hij benadrukte dat maximalisme – de overtuiging dat slechts één crypto dominant moet zijn – nog steeds een obstakel vormt voor de groei van de industrie. Volgens hem begint deze gedachtegang gelukkig minder populair te worden. Onder zijn leiderschap is Ripple in gesprek gegaan met toezichthouders om te zorgen voor een duidelijk juridisch kader voor de adoptie van XRP als digitaal reserve-asset. Garlinghouse benadrukte dat een nationale reserve de hele industrie zou moeten vertegenwoordigen, en niet slechts één specifieke munt. ‘Als er een digitale asset reserve door de overheid wordt gecreëerd, vind ik dat deze gediversifieerd moet zijn. Het zou niet om één token moeten gaan, of dat nu BTC, XRP of een ander is,’ verklaarde hij. Hieruit rijst dan ook de vraag: wat betekent dit voor de toekomst van crypto? Bitcoin-reserve opent deuren voor altcoins De mogelijke invoering van een Bitcoin-reserve door de Amerikaanse overheid is al bullish nieuws voor Bitcoin. Maar als ook andere altcoins, zoals Ethereum en XRP, worden opgenomen in deze reserve, kan dit de altcoin markt een enorme boost geven. Veel altcoins zouden hiervan kunnen profiteren. Het is daarom interessant om te onderzoeken welke opkomende crypto mogelijk de grootste voordelen kunnen behalen. Wall Street Pepe (WEPE) De eerste presale die lijkt te kunnen gaan profiteren van een mogelijke crypto reserve is Wall Street Pepe (WEPE). Dit enorm succesvolle meme coin project is geïnspireerd op het virale personage Pepe the Frog en biedt daadwerkelijke waarde aan tokenhouders. Wall Street Pepe heeft als doel kleine handelaren en investeerders een krachtige tactische voorsprong te geven door hoogwaardige marktinzichten en analyses te bieden. Historisch gezien hebben institutionele spelers betere middelen gehad om veelbelovende kansen vroeg te signaleren, wat nieuwere en kleinere marktdeelnemers op een groot nadeel zet. Making calls. Numbers go up. Getting it done. ????⚔️ pic.twitter.com/di6kxYJjLU — Wall Street Pepe (@WEPEToken) January 27, 2025 Door WEPE tokens te bezitten, sluit je je aan bij de ‘WEPE Army’ – een exclusieve trading community met directe toegang tot geselecteerde marktalerts, geavanceerde crypto-analyses en alpha calls die verborgen parels in de cryptowereld belichten. De presale van Wall Street Pepe heeft al meer dan $62,4 miljoen opgehaald. De huidige tokenprijs is $0,0003665, maar de presale eindigt over minder dan 19 dagen – wat betekent dat de prijs naar verwachting snel zal stijgen zodra WEPE op grote crypto-exchanges wordt gelanceerd. Naar de officiële website van Wall Street Pepe Solaxy (SOLX) De tweede presale die naar onze mening potentie heeft, is Solaxy (SOLX). Ondanks Solana’s reputatie voor razendsnelle transacties en extreem lage kosten, heeft zware handelsactiviteit het netwerk af en toe tot het uiterste belast. Solaxy introduceert de eerste layer 2 solution voor Solana, waarmee transacties off-chain worden verwerkt voordat ze gebundeld en afgehandeld worden op het hoofdnetwerk van Solana. Deze aanpak vermindert effectief de belasting op Solana en zorgt ervoor dat de blockchain soepel blijft werken, zelfs tijdens pieken in handelsvolumes. Veel whales hebben het potentieel van dit idee al herkend, aangezien Solaxy meer dan $15,6 miljoen heeft opgehaald via de presale van SOLX—de native cryptocurrency van Solaxy, die gebruikt zal worden om transactiekosten op het netwerk te betalen. Daarnaast biedt Solaxy een staking pool voor SOLX, met een APY van 253% per jaar. Voordat het de volgende fase van de presale ingaat, kunnen vroege kopers nog steeds SOLX bemachtigen voor slechts $0,001618. Naar de officiële website van Solaxy Best Wallet (BEST) Een andere presale die veel handelaren met interesse volgen, is de virale Best Wallet Token (BEST). Dit is de utility- en ecosystem-token van een crypto wallet die veel meer biedt dan alleen het opslaan van tokens. Best Wallet biedt ook staking, swapping, directe presale-investeringen en nog veel meer—all via één smartphone-app. Daarnaast heeft het een speciale sectie ‘Upcoming Tokens’ waar je nieuwe presales kunt ontdekken. Recente vermeldingen in deze sectie zijn onder andere Pepe Unchained (PEPU) en Catslap (SLAP), die beide enorme winsten hebben geboekt na hun marktintroductie. Quests are better with friends. ???? Refer your crew to Best Wallet, stack $BEST together, and flex those rewards. They win, you win, everyone eats. Let’s run it. ???? ???? https://t.co/he5kzra7TY pic.twitter.com/mlPRStZ4hG — Best Wallet (@BestWalletHQ) January 28, 2025 Door BEST te bezitten, verlaag je transactiekosten, verhoog je staking-beloningen, krijg je stemrecht bij governance en krijg je vroegtijdige toegang tot nieuwe presales. Vroege kopers kunnen de token momenteel bemachtigen voor slechts $0,023775. De presale van BEST heeft al meer dan $8,4 miljoen opgehaald, wat de positieve sentimenten rondom het Best Wallet-ecosysteem laat zien. Daarnaast biedt BEST een hoge staking-APY van meer dan 210%, wat op dit moment tot de hoogste in de markt behoort. Naar de officiële website van Best Wallet
US President-elect Donald Trump is reportedly open to establishing a strategic reserve that would include US-founded cryptocurrencies.