A crypto analyst who previously warned traders and investors that the recent Bitcoin (BTC) price surge could be a fluke has shared a new update. Confirming that his earlier prediction was accurate, the analyst now provides insight on where Bitcoin is really headed as it continues to navigate the ongoing bear market. Where The Bitcoin Price Is Headed Next DeFi researcher and market analyst Sherlock has taken to X to share a fresh update on an analysis he published earlier last week. In this new report, Sherlock presented a rather foreboding Bitcoin price forecast, suggesting that the world’s largest cryptocurrency is heading toward new lows around $53,000 soon. Related Reading: Pundit Shares Everything To Understand About Bitcoin, ‘This Cycle IS Different’ He emphasized that the $53,000 level was not a random bearish target but a point established after multiple data signals converged, which also corresponds to Bitcoin’s next weekly support level. According to Sherlock, Bitcoin’s record high last week near $76,000 was a deviation he had anticipated despite some traders hoping that the rebound could become a sustainable breakout. The analyst noted that the weekly candle on the chart is expected to confirm this deviation trend if it closes below $72,500. Sherlock also drew parallels to a January price movement, when the Bitcoin price climbed to $94,500 before crashing by approximately 38%. Usually, in crypto market terms, this type of action is called a “fakeout,” which is when the price briefly breaches key resistance levels, enticing traders to enter positions, before rapidly reversing in the opposite direction. Currently, the Bitcoin price is hovering around $68,100, more than 10% below its previous high of $76,000 set last week. The cryptocurrency suffered a sharp, unexpected collapse in a single day following reports of a hawkish stance by the US Federal Reserve (FED). After briefly dipping toward the $70,000 level that day, Bitcoin has continued on a downward trajectory. Data from CoinMarketCap also indicate that BTC’s decline was further accelerated by a surge in geopolitical tensions, after US President Donald Trump issued a 48-hour ultimatum to Iran, triggering a broader sell-off across risk assets. A Look Back At BTC’s $76,000 Fluke In his previous analysis, Sherlock had cautioned traders not to get baited by short-term Bitcoin price spikes. He noted that during the last major deviation in January 2026, many traders went long, only to incur significant losses after Bitcoin’s price collapsed over the next five weeks. Related Reading: Is This The Bitcoin Price Bottom Or A Fakeout? Analyst Reveals When You Shouldn’t Be Excited The analyst had warned that if Bitcoin fails to close above $74,500 on the weekly chart, its brief rebound would be nothing more than a deviation, not a true breakout. Sherlock added that, with the FOMC meeting last week and market consensus expecting another interest-rate pause, the outlook for Bitcoin is far from bullish. He described Bitcoin’s previous rebound as a trap, likely engineered to lure investors and traders into long positions prematurely. Featured image from Pngtree, chart from Tradingview.com
Bitcoin’s recent price stagnation reflects a market grappling with uncertainty, and confidence being tested not just by economic forces but also by political influence. At the center of this tension is Donald Trump, whose unpredictable remarks on cryptocurrency policy have injected fresh volatility into an already sensitive market. How Bitcoin Struggles For Direction As Uncertainty Deepens The Bitcoin market is currently in a pause and indecision, with price action reflecting broader uncertainty. A crypto trader and investor, EliZ, pointed out on X that a significant factor contributing to this hesitation is the steady stream of unpredictable statements from US President Donald Trump. Related Reading: Bitcoin Monthly Timeframe Signals A Potential Market Shift Currently, BTC is in a clear stalemate below the $70,500 to $71,000 zone, where sellers are constantly stepping in to hold the price and prevent a bullish surge. At the same time, the $68,000 level is acting as support, but if decisively breached, it could open the door for a deeper decline. Adding to the complexity, the price is currently reacting around the 0.75 retracement level, which earlier triggered a sharp rally on the liquidity sweep. This movement suggests the market is actively searching for equilibrium without a clear direction. EliZ emphasized that patience remains the most strategic approach. Rather than forcing trades in an uncertain market, it is better to remain on the sidelines until a clear signal emerges. The Bitcoin price is currently approaching the next key pivot, expected to happen on the 25th. An analyst known as LP on X has highlighted that, over the last 8 occurrences, 6 have resulted in local lows, while only 2 have formed highs, giving this pivot a clear tendency to mark local bottom. However, the context remains crucial. If BTC price trends upward into the pivot, the probability would shift toward forming a local high. On the other hand, if the price moves lower into the pivot, the odds will further favor a local low bottom forming. In essence, how the price develops into the pivot will be critical. On average, this pivot has produced moves of around 8-9%, highlighting it’s a significant level to watch. A Defining Moment For Bitcoin’s Market Structure Bitcoin is now undergoing a crucial retest of the 200-week Exponential Moving Average (EMA). However, given how unreliable the EMA has been as resistance in recent weeks, it is worth keeping a healthy dose of skepticism while BTC is attempting to reclaim the 200-week EMA and flip it into support, according to Rekt Capital. Related Reading: Bitcoin Market Not Ready For Expansion Yet — Blockchain Firm Rekt argues that the new weekly close will determine whether the retest of the 200-week EMA will regain its historical significance or will continue to act as an uncertain barrier in the current cycle. Featured image from Pixabay, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto analyst Celal has predicted that the Bitcoin price could hit a new all-time high (ATH) of $145,000. The analyst also provided a timeline for when the leading crypto could hit this milestone. When The Bitcoin Price Could Hit $145,000 In an X post, Celal stated that the Bitcoin price will rally to $145,000 between October and November. His accompanying chart showed that this rally could happen as BTC’s Relative Strength Index (RSI) picks up and hits overbought, rising to 90. The chart also suggested that the leading crypto may already be forming a bottom as it eyes this rally to a new ATH. Related Reading: The Bear Market Divergence That Shows What’s Really Going On With Bitcoin This Bitcoin price prediction comes as BTC continues to struggle to hold above the psychological $70,000 level. The leading crypto is under pressure due to the U.S.-Iran war, with U.S. President Donald Trump threatening to escalate things if Iran doesn’t open the Strait of Hormuz. Crypto analyst Ali Martinez noted that it is currently a waiting game as the Bitcoin price is at a crossroads. He said that BTC is stuck in a “no-trade zone” and that right now, the area between $70,685 and $65,636 are the most important spot on the chart. The analyst further revealed that over 1.72 million BTC have been transacted around this range, meaning that “buyers and sellers are digging in their heels.” Martinez added that there won’t be a big move for the Bitcoin price until it either breaks above $70,685 or falls below $65,636. Crypto analyst Ardi stated that BTC is still in a bear market and that the rally over the past few weeks was because of short covering. As such, the leading crypto is still at risk of a larger decline. The Economic Backdrop Is Bad For BTC Crypto analyst Colin stated that the economic backdrop is bad for the Bitcoin price, with oil prices rising and the Fed unlikely to lower rates anytime soon. He also noted that this is bad for BTC, considering that it is further up the risk curve than stocks. Based on this, Colin remarked that an eventual breakdown from the bear flag, which it has been trading inside since February. Related Reading: How Low Can Bitcoin Price Go? Analyst Shares Worst-Case Scenario As such, it is just a matter of how long the Bitcoin price holds on for at this point, the analyst said. He also noted that BTC has been in a bear market since October 5 and is only five months into it. Colin said that this means there is likely further downside since a typical bear market lasts for 12 months. At the time of writing, the Bitcoin price is trading at around $68,800, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Markets remain sensitive to Middle East developments, with macro volatility and rate expectations shaping crypto price action.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The price of oil moved higher after reported attacks against Iran's South Pars gas field.
US president Donald Trump is gearing up to host his second memecoin-holder exclusive event at his Mar-a-Lago state in Florida on April 25. Another Edition Of The Memecoin Black-Tie Gala Following the same pattern as his now famously May 22 “gala dinner”, that required roughly $148 million in cumulative token holdings for entry, $TRUMP saw a spike of as much as 10%, surpassing the $3 threshold hours after the team’s announcement of the event. SATURDAY, APRIL 25 AT MAR-A-LAGO! The Most Exclusive Crypto and Business Conference in the World & Gala Luncheon with PRESIDENT TRUMP and 18 other SUPERSTARS. Strictly Limited to only 297 attendees. Are You In? Register Here: https://t.co/MBo3UBrzje pic.twitter.com/CWOVNK1kbU — TrumpMeme (@GetTrumpMemes) March 12, 2026 The official site promises attendees the chance to “Meet and Learn from 18 of the World’s Most Influential SUPERSTARS,” reinforcing the token’s access‑and‑status pitch rather than a clear utility story. The previous dinner announcement triggered an intraday price spike of about 50–60% in $TRUMP as traders rushed to buy enough tokens to qualify, briefly lifting the token after an 80–88% drawdown from its launch highs. This led to some critics framing the first event as “crypto corruption” and “pay‑to‑play,” with protesters outside Trump National Golf Club calling out conflicts of interest and demanding the guest list. Related Reading: Hyperliquid Rockets as Oil Touches $100: Arthur Hayes Reveals Why A Slight Change Of Strategy Despite this structure mirroring last year’s “top 220 holders” eligibility scheme, the new memecoin gala widens participation: access is now gamified via a time‑weighted snapshot. 297 holders will attend, with the top 29 earning VIP reception rights based on their $TRUMP balance at the April 10, 2026 Snapshot Day. To keep VIP bonuses between April 10 and April 26, wallets must maintain at least their snapshot balance. Balances that slip below can still get conference and luncheon access but lose VIP perks, nudging whales to lock in holdings through the event window. This slight change of strategy continues to encourage concentration and reduces circulating float into a known catalyst date, a setup that often fuels sharp but short‑lived memecoin squeezes. The CLARITY Act Still On The Horizon This new edition of the US President’s luncheon lands as Trump publicly backs the CLARITY Act, a long‑discussed crypto market‑structure bill expected to be reviewed in April, but unlikely to move out of the Senate Banking Committee before late 2026, according to Senator John Thune. The delay deepens the gray zone where political memecoin experiments like $TRUMP can thrive, while still drawing ethics and conflict‑of‑interest criticism. Related Reading: Binance Warning? Leverage Explodes As Crypto Tracks A World On Edge What This Memecoin Gala Means For Traders For traders, the April 10 snapshot to April 26 window is the key volatility band: structural incentives to hold or accumulate into the date could support a reflexive bid, but history around Trump events shows that insiders and early whales often sell into those spikes. Despite the buzz, $TRUMP trades around 3.9 dollars, down roughly 81% from the 15–$20 band during last year’s event window and nearly 97% below its $77 all‑time high from June 2025. With $TRUMP still 97% below its peak and heavily narrative‑driven, the luncheon looks more like a tactical headline trade than a fundamental reset, suggesting rallies into the event may again be better liquidity exits than long‑term entries for late‑arriving memecoin speculators. TRUMP’s price trends to the upside on the daily chart. Source: TRUMPUSDT on Tradingview Cover image from Perplexity, TRUMPUSDT chart from Tradingview
One trader who previously lost about $15.7M on MELANIA is sitting on a multi-million-dollar unrealized gain from a recent TRUMP purchase.
The promotion follows a similar memecoin-holder dinner last year that drew criticism from lawmakers and watchdog groups.
The U.S. President will be the keynote speaker at a "gala luncheon" for the top 297 holders of the $TRUMP token.
Patrick Witt, the White House crypto advisor, said GENIUS-compliant stablecoins will 'actually lead to deposit inflows.'
At a Republican event, the U.S. president delivered a speech that doubled down on recent comments he won't sign anything else until he gets the voting bill.
It's been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
Japan's benchmark Nikkei has plunged 7% after Monday's market open, while South Korea's KOSPI has dropped 7.9%.
This places blockchain security in the context of national technology competition alongside AI and quantum computing.
The executive order to build President Donald Trump's Strategic Bitcoin Reserve has awaited congressional action, and sources say there's one idea left for 2026.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The outlook for the Fed grew cloudier on Friday, as the employment market weakened appreciably even as inflation could be worsening.
Sen. Warren slammed the SEC’s decision to drop its case against Tron founder Justin Sun after charges were dropped in a $10 million deal.
White House advisor Patrick Witt also recently pushed back against JPMorgan CEO Jamie Dimon’s comments on the topic.
The World Liberty Financial co-founder and presidential son posted about the ongoing negotiations on stablecoin yield on Wednesday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CoinDesk was able to confirm the meeting between the US president and the Coinbase CEO took place as Politico initially reported.
Trump took a side on the ongoing debate over stablecoin yield that is holding up the passage of broad crypto market structure legislation.
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
As the CLARITY Act faces a stalemate on Capitol Hill, the Trump administration is pivoting toward executive workarounds and family-backed stablecoins to reshape the financial system without waiting for a vote, argues Dale.
Iran's cryptocurrency ecosystem has contracted sharply and shifted into risk containment mode in the wake of military strikes, said TRM Labs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Nine lawmakers asked the federal agencies to investigate the global crypto exchange after reports of potential funding channeled to terrorist groups.