Crypto analyst Bull Theory has explained why the Bitcoin price has been crashing recently. The analyst pointed out that Wall Street traders were responsible for the price declines, indicating that these trading desks were manipulating the market for their own benefit. Analyst Explains Why The Bitcoin Price Is Crashing In an X post, Bull Theory blamed Jane Street for the Bitcoin price’s constant crash at 10 a.m. ET when the U.S. market opens. The analyst pointed out that BTC erased 16 hours of gains in just 20 minutes after the U.S. market opened. This has notably been happening since early November, when the flagship crypto fell below $100,000. Meanwhile, a similar price action also played out in the second and third quarters of this year. Related Reading: Confirming The Bitcoin Price Direction: Analyst Reveals What You Should Look Out For Bull Theory noted that another analyst, Zerohedge, has claimed that Jane Street is most likely the entity responsible for this Bitcoin price crash. The analyst stated that the chart shows a pattern that is too consistent to ignore, with a clean wipeout within an hour of the market opening, followed by a slow recovery. He added that this is classic high-frequency execution and that it fits Jane Street’s profile. Bull Theory stated that Jane Street is one of the largest high-frequency trading firms in the world and that they have the speed and liquidity to move markets for a few minutes. The analyst claimed that their behavior is simple: dump BTC at the market open, push the Bitcoin price into liquidity pockets, and then re-enter at a lower price. By doing this, the analyst claimed that Jane Street has accumulated billions in BTC. The trading firm is said to hold $2.5 billion worth of BlackRock’s Bitcoin ETF, which is its 5th-largest position. Bull Theory added that this means most of the dump in the Bitcoin price isn’t due to macro weakness but manipulation by this entity. He expects that BTC will continue its upward momentum once these big players are done buying. Bitcoin At Risk Of A Decline Post-FOMC Crypto analyst Ali Martinez indicated that the Bitcoin price was at risk of a significant decline following today’s FOMC meeting. He pointed out that BTC has consistently reacted negatively to FOMC meetings, with six out of seven meetings this year leading to corrections for the flagship crypto. Related Reading: Bitcoin RSI Shows Shocking Similarities To 2012-2015, But What Happened Last Time? The Bitcoin price had rallied to as high as $94,500 yesterday in anticipation of a third rate cut this year from the Fed. According to CME FedWatch, there is currently a 90% chance that the Fed will lower rates by 25 basis points (bps). A CryptoQuant report noted how these rate cuts have turned out to be a ‘sell the news’ event on the two occasions the Fed lowered rates this year, with the probability of this price action playing out again. At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Bitcoin is currently holding steady, trading water around the critical $90,000 level as the market enters a period of high compression. With ETF inflows slowing down, the price lacks the momentum to break through overhead resistance. The highly anticipated FOMC meeting is expected to provide the necessary catalyst to end the current consolidation and dictate Bitcoin’s next major directional move. BTC Compression Intensifies: Scaling Back Intraday Scalps According to a recent update from Lennaert Snyder, Bitcoin continues to tighten within a compression phase. The market has been trading in an increasingly narrow range, signaling that a larger move is approaching. Snyder noted that the scalp long and short setups from his previous analysis played out well. Related Reading: Bitcoin RSI Shows Shocking Similarities To 2012-2015, But What Happened Last Time? He explained that as compression increases, the reward-to-risk ratio naturally declines. While the trades were profitable, they still fell into the category of “C-setups,” meaning they lacked the cleaner momentum and clarity found at range boundaries. Snyder emphasized that the best trading opportunities always emerge at the edges of a range. With the current setup, his focus remains on the key resistance area around $94,000. A breakout above that level could offer long opportunities, while a failure there may open the door for shorts. On the downside, if price sweeps the lows and returns to the $87,400 support region, long entries are likely following signs of reversal. However, he added that if Bitcoin fails to show strength during this phase, he is not eager to take new long positions. A deeper retest of the $83,200 zone could become the next area of interest, though he expects any move toward that level to come with a liquidity sweep. Snyder also mentioned that he remains in shorts as a hedge, with scalp shorts still acceptable for traders who understand the increased risk at this stage. He concluded by highlighting the importance of the upcoming FOMC meeting, noting that the market is likely to stay muted until then. Upcoming FOMC Meeting Dictates Bitcoin’s Next Major Move Analyst Ted, in a recent update, revealed that BTC is currently in a state of consolidation around the $90,000 level. This tight range-bound movement suggests that while selling pressure is not dominant, buyers are also struggling to push the price higher aggressively. Related Reading: Bitcoin Market Records 21% Crash In November Trading Volume – What This Means For Price Ted attributed the market’s current stagnation and its inability to break above major resistance levels to a slowdown in institutional investment. Specifically, he noted that recent ETF inflows have slowed down, removing a major source of directional buying pressure that typically drives breakouts. Furthermore, the analyst highlighted that a critical macroeconomic event is pending: the FOMC meeting is scheduled for tomorrow, and the market’s next significant directional move will be heavily dependent on the outcome. Featured image from Pixabay, chart from Tradingview.com
The Bitcoin market experienced a moderate price rebound over the past week, following a prolonged period of price correction that began in early October. The flagship cryptocurrency is now trading above $90,000, with hopes building for a potential push back toward its all-time high of $126,100. Notably, popular market analyst KillaXBT has flagged a key price zone that could serve as the next target in this relieving market recovery. Related Reading: Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch These Levels Bitcoin Headed To $95k-$96k, But Price Pullback May Occur First – Analyst In an X post on November 28, KillaXBT shares some compelling insights on Bitcoin’s price condition, highlighting both bullish and bearish tendencies. Following the asset’s gain of 7.22% in the past week, the analyst predicts that market bulls are likely to drive prices to around $95,000-$96,000, which contains strong, heavy illiquidity pockets and several liquidation clusters. For context, these zones are attractive to price because they contain large concentrations of resting orders, making them high-value liquidity targets. Liquidation clusters, in particular, hold groups of leveraged positions that trigger forced buying or selling once the price reaches them, injecting fresh liquidity into the market. However, KillaXBT cautions that this upside move may not occur immediately, noting that the market often delays sweeping major liquidity zones ahead of key macro events. With the upcoming Federal Open Market Committee (FOMC) meeting expected to deliver clarity on potential rate cuts, traders may see continued liquidity building below the yearly open in the near term. According to the analyst, these upper liquidation levels are still likely to be cleared, but the timing could align more closely with next month’s policy announcement rather than the current market cycle. The analyst outlines a potential scenario in which Bitcoin experiences a minor pullback to around $93,000 before retesting $89,200. From there, the asset could move toward the $95,000–$96,000 target, in line with expectations for a potential FOMC rate adjustment. However, KillaXBT also highlights the possibility that Bitcoin may reach these key liquidation zones before the FOMC meeting. In such a scenario, the market could see a rapid surge to $96,000, followed by a sharp drop to around $89,200 due to potential liquidations, before eventually returning to these upper liquidity zones. Following this analysis, KillaXBT is opting for a short position, which he intends to reassess in relation to market trends as the FOMC approaches. Interestingly, the analyst believes the real short-term opportunity only comes after the FOMC’s announcement. Related Reading: Bitcoin STH Loss Transfers Fall 80% From Peak – What Comes Next? Bitcoin Price Overview At the time of writing, Bitcoin trades at $90,490, reflecting a slight 0.64% decline in the past day. Featured image from PixelSquid, chart from Tradingview
Crypto analyst Colin has revealed that the Bitcoin price has flashed a death cross, which he noted was bullish for the flagship crypto. This comes amid BTC’s recent decline, which has erased all its year-to-date (YTD) gains. Bitcoin Price Flashes Death Cross, Marking Potential Bottom In an X post, Colin stated that a death cross just flashed for the Bitcoin price, with the “ironically” bullish indicator triggering at the same time that BTC tagged the lower boundary of its megaphone pattern. The analyst noted that this is a bullish setup from this point forward, as the death cross often marks bottoms. He indicated that this is likely the bottom, as BTC has ended at the lower end of the megaphone pattern channel. Related Reading: Bitcoin Price Won’t Crash To $92,000, Here’s Why Colin remarked that these factors combined indicate a high likelihood of a move up for the Bitcoin price from its current level. He added that a bounce is likely in the short term. However, the analyst noted that the bigger question is whether this would be a bounce to new all-time highs (ATHs) or just a relief rally on the way down in a bear market. Regardless of what happens, he is optimistic that an upward move will occur in the short term. Colin also alluded to the fact that the Federal Reserve will end quantitative tightening (QT) by December, a move which he described as another bullish catalyst for the Bitcoin price. This move is expected to inject more liquidity into the BTC and possibly spark higher prices for the flagship crypto. The Fed could also cut rates again at the December FOMC meeting, which would be a bullish catalyst for Bitcoin. Another Analyst Confirms Death Cross Popular crypto analyst Benjamin Cowen also confirmed that the Bitcoin price just had a death cross. He noted that prior death crosses have marked local lows in the market. However, he added that the death cross rally fails when the cycle is over, which could be the case this time if the bull market is over. Related Reading: Why Are The Bitcoin, Ethereum, And Dogecoin Prices Down Again? Cowen stated that the time for the Bitcoin price to bounce if the cycle is not over would start within the next week. The analyst further remarked that if no bounce occurs within one week, another dump is likely before a larger rally back to the 200D SMA, which he claimed would mark a macro lower high. Meanwhile, market analyst Subu Trade shared data on how BTC has reacted after historical death crosses. The last death cross occurred in April this year, and the flagship crypto recorded a 22% gain following it. At the time of writing, the Bitcoin price is trading at around $95,100, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com
The cryptocurrency market is experiencing a wave of declines, leaving investors concerned as the Bitcoin, Ethereum, and Dogecoin prices fall sharply. Despite experiencing a period of recovery earlier this week, all three digital assets are now facing renewed downward pressure. The latest price declines are driven by both macroeconomic uncertainty and internal market factors, underscoring how sensitive the crypto market remains to changes in investor sentiment. FED Skepticism Fuel Decline In Bitcoin, Ethereum, And Dogecoin The recent decline in cryptocurrency prices comes amid growing doubts over the Federal Reserve’s (FED) approach to interest rates. Recent remarks from FED officials, including the President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, have cast uncertainty on whether the central bank will deliver a third consecutive easing of policy during the December FOMC meeting. Related Reading: Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000 According to Bloomberg reports, Kashkari noted that recent economic data suggested more resilience than was initially anticipated, sparking a debate over the necessity of further rate cuts. This cautious stance has unsettled financial markets, causing investors to reconsider earlier positions as former expectations of a rate now appear uncertain. Notably, Bitcoin, Ethereum, and Dogecoin have reacted sharply to the prevailing sentiment caused by the doubts in monetary easing. Their prices have plummeted, accelerating the broader correction that has been dragging on for months. This decline is also being augmented by large-scale whale sell offs and lingering ambiguity surrounding new developments in the previous US government shutdown. How Much BTC, ETH, And DOGE Declined This Week In addition to macroeconomic factors, market dynamics are also contributing to crypto losses. CoinMarketCap’s data shows that the Bitcoin price crashed below $97,000 for the first time since May 2025. It has fallen more than 5% over the week and dropped another 6.4% in a single day. Related Reading: Analysts Share Forecasts As Ethereum Price Struggles Below $4,000, And It’s Very Bearish Amidst this decline, long-term BTC holders are reportedly selling at record levels, fueling the downtrend. Additionally, institutional demand is weakening while investor sentiment has turned negative. Even Spot Bitcoin ETF activity is plummeting, recording over $866.7 million in net outflows yesterday—the second largest in its history. Ethereum has also been hit hard, losing more than 10% in the past 24 hours and over 5% this week. The price has steadily trended downward for weeks and shows no clear signs of recovery. At the time of writing, ETH is trading at $3,200, down more than 35% from the ATH levels above $4,950 set in August this year. Dogecoin, while only slightly affected by the broader bearish trend, is now trading at $0.165. It has fallen by approximately 2.3% during the week and by an additional 8% in one day. Collectively, these widespread declines suggest that the market may be experiencing a period of extreme stress, as all three cryptocurrencies have recorded double-digit monthly losses. Featured image from Freepik, chart from Tradingview.com
Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoin (BTC) has dropped nearly 4% in the past 24 hours, losing its local range low for the first time in a week. Some analysts have warned that this week’s close is crucial for the flagship crypto’s short-term performance. Related Reading: Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree Bitcoin Price Eyes Crucial Weekly Close On Thursday, Bitcoin dropped below the recently reclaimed $110,000 area, hitting a one-week low of $106,700. Notably, the cryptocurrency has been trading within the $108,000-$120,000 price range since July, but has failed to reclaim the range highs after the early October correction. Amid this performance, Ted Pillows suggested that the market volatility was expected, as BTC has shown a similar price action since the start of Q3. The analyst explained that Bitcoin has dropped 6%-8% after the last three Federal Open Market Committee (FOMC) meetings, but it has also made a new all-time high (ATH) before the next one. According to the chart, BTC’s price reached its local bottom 5-9 days after the meeting, quickly recovering from the drop and rallying to new highs in the coming weeks. As price retests the $106,000 area, Ted predicted that a repeat of the same playbook could happen. However, he warned that Bitcoin must reclaim the $113,500 in the coming days to prevent a larger pullback. “A weekly close below that level will increase the likelihood of a bigger correction,” the analyst explained. Similarly, Rekt Capital pointed out that Bitcoin must close the week above the $114,500 to turn this level back into support. He noted that after the recent performance, a volatile retest of this level would be “perfectly fine” as long price closes above this crucial level at the end of the week. Confirming the Range Low of ~$114k as support would confirm re-entry into the Range, kickstart consolidation within the Range again, and enable a move across it towards the Range High of ~$119000 (red) in an effort to breakout from it and challenge $120k+ once again. Is BTC’s End-Of-Year Rally Still On? Michaël van de Poppe affirmed that $112,000 is the next key area to break before a new ATH, as it has been a crucial resistance level in the daily timeframe for the past few weeks. Per the post, a breakout from this area could set the base for a retest of the $119,000-$120,000 zone. On the contrary, a rejection from this level could send the price toward the $103,000 mark or lower, he warned. “I do think we’ll see a new ATH in November,” the market watcher added.” Meanwhile, Daan Crypto Trades highlighted that BTC is “just playing ping pong” between its key levels and will continue to move within its range until one of the boundaries is successfully broken. Related Reading: Bitwise CIO Predicts Solana Staking ETF Will Be ‘Huge’ As First Day Volume Hits $56M The trader added that November is one of Bitcoin’s best months based on historical performance, which could suggest that a price rally could be near. Notably, 8 out of 12 Novembers have closed in green, with a median return of 10.82%, according to CoinGlass data. Moreover, he noted that the last two months of the year are when the three previous bull runs topped and the past two bear markets bottomed. “Whether it’s on the bullish or bearish side, volatility and big market pivots have been the theme into the end of the year,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com
BTC floated near $113,000 before the FOMC, with traders awaiting Powell’s remarks as ETF inflows and macro tailwinds support prices.
The next Federal Open Market Committee (FOMC) meeting is fast approaching, and the bets are already pouring in as to what it would mean for the Bitcoin and crypto industry. The last FOMC meeting took place in September, when the Federal Reserve ended up cutting rates down to 4-4.25% after months of no rate cuts. With this setting the tone, the expectations that another rate cut could be on the way are getting louder, with the FedWatch Tool showing a high percentage. Market Expects Another Rate Cut To 3.75-4% The next FOMC meeting is scheduled for Wednesday, October 29, 2025, and there is already a major clamor around what the Fed is planning on doing. The current market headwinds point to a favorable outcome for risk assets such as Bitcoin and other cryptocurrencies, with expected rate cuts. Related Reading: Here’s What The XRP Open Interest Reset Means For The Price Currently, the CME FedWatch Tool is showing that the probability of a rate cut has risen to 98.3% as of the time of this writing. This leaves only a 1.7% chance that the Federal Reserve will actually leave rates at their current levels, and there is zero chance that there will be a rate hike. A reduction in the rate cuts is good for businesses all around, as lower interest rates mean better loan terms and increased spending and borrowing. Thus, it will increase the participation in the markets, from consumer goods to the stock market, and then make its way into newer markets such as Bitcoin and crypto. Expectations For Bitcoin And Crypto Are Getting Higher A rate cut by the Federal Reserve aligns with the more pro-crypto stance that the United States has been moving in since President Donald Trump was elected. Last week, the president pardoned the Founder and former CEO of the Binance crypto exchange, Changpeng Zhao, after he previously pled guilty to money laundering violations back in 2024. Zhao has since served a 4-month stint before the pardon from Trump came. Related Reading: 100% Of Bitcoin Bull Market Peak Indicators Remain Untouched, Is There Still Room To Run? With the US embracing Bitcoin and crypto again, a rate cut will only further the ascent, allowing more investors to get into the market as liquidity frees up. The initial announcement has been known to trigger a rapid increase in the market. But as the news settles, the crypto market is expected to continue to rise in response. However, nothing is certain until the FOMC meeting is complete and the announcement is made. For the Bitcoin and crypto market to remain bullish, inflation will also have to be reduced, as an increase could trigger more conservative stances from investors. Featured image from Dall.E, chart from TradingView.com
Crypto analyst Cantonese Cat has drawn attention to the current Dogecoin price action, making comparisons with the 36,000% rally recorded in the last cycle. Meanwhile, crypto analyst Ghost has also provided a bullish outlook for the meme coin, predicting it could still rally to $1. How The Current Dogecoin Price Action Differs From Last Cycle In an X post, Cantonese Cat highlighted some differences between the current Dogecoin price action and that from the last cycle, when it recorded a 36,000% rally. The analyst noted that the last cycle was an anomaly because DOGE punched through the ‘Superlchi’ cloud without ever back-testing it that cycle and just went on its massive run. Related Reading: Dogecoin Price Set To Go On A 2,000% Cyclical Surge To $4 Cantonese Cat then went on to mention that the Dogecoin price has punched through this Superlchi cloud in this cycle and claimed it from resistance to support. However, unlike in the previous cycle, DOGE has back-tested this level for more than half a year and has established it as good support. The analyst revealed that the most recent back-test happened this month, with a huge wick showing demand. Cantonese Cat explained that this is more consistent with what generally happens during a bull market and asserted that DOGE still has its bullish market structure. The analyst’s accompanying chart showed that $0.18 is the key level that DOGE needs to stay above to maintain this structure. Crypto analyst Ghost also indicated that the bull market structure was still intact for the Dogecoin price. This came as the analyst highlighted a ‘Parabolic Arc,’ which they noted is still intact and predicted that the target for DOGE in this cycle is the psychological $1 level. A Rebound For DOGE May Be On The Horizon Crypto analyst Ali Martinez stated that the Dogecoin price wants to rebound and that the key targets are $0.29, $0.45, and $0.86. This follows DOGE’s recent crash below the $0.2 level amid the broader crypto market decline. This has occurred due to rising trade tensions between the U.S. and China with the Trump tariffs. Related Reading: $50 Million Injection: Here’s Why The Dogecoin Price Could See An Explosive Rally Meanwhile, crypto analyst Trader Tardigrade stated that a double bottom is on the way for the Dogecoin price. He added that a catalyst is needed to ignite this next move up for DOGE. A potential catalyst could be the imminent rate cut, with the Fed expected to lower rates at next week’s FOMC meeting. Trump is also set to meet China’s President Xi Jinping, which could ease trade tensions and potentially lead to a trade deal between the two countries. At the time of writing, the Dogecoin price is trading at around $0.2, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Analysts say strong spot BTC ETF inflows and high options open interest keep the near-term range intact around $121K–$126K with eyes on a push toward $130K.
Crypto analyst XForce has revealed that the Dogecoin price just broke a regional high, following its reclaim of the $0.3 level. In line with this, he predicted that the meme coin could rally to a new all-time high (ATH) and reach the psychological $1 level. Dogecoin Price Eyes 300% Rally To $1 Following Break Above Regional High In an X post, XForce predicted that the Dogecoin price could record a rally of over 300% to the psychological $1 level. This came as he noted that DOGE just broke above the previous regional high following its climb above $0.3 over the weekend. Based on this, the analyst declared that $1 is still programmed for the meme coin. Related Reading: The Dogecoin Bullish Reset: A Clear Roadmap To $0.35 XForce admitted that there will be pullbacks along the way, but he expects the Dogecoin price to reach this $1 level eventually. The analyst also drew attention to the alternative idea that could lead DOGE to double-digit prices if it continues as a strong impulse. His accompanying chart showed that the meme coin could rally to as high as $18. The Dogecoin price rallied over the weekend in anticipation of the REX-Osprey DOGE ETF, which will be the first fund to provide institutional investors with exposure to the foremost meme coin. This provides a bullish outlook for the meme coin, seeing as it could inject new liquidity into its ecosystem. Furthermore, the Fed is set to make the first rate cut this year at this week’s FOMC meeting, which could also be bullish for the Dogecoin price as it would boost risk-on sentiment. Amid this recent rally, crypto analyst Mikybull Crypto has also declared that the meme coin will reach $1 in this cycle. Meanwhile, crypto analyst Ali Martinez noted that DOGE may consolidate for a bit around these levels before it makes its next leg up toward $0.45. Analyst Issues Warning On DOGE In an X post, crypto analyst CrediBULL Crypto issued a warning on the Dogecoin price, noting that it is at the monthly supply at the moment. He further remarked that if DOGE isn’t breaking out, then it is technically just retesting the prior point of breakdown. Related Reading: What A Dogecoin ETF Approval Means For The Future Of Crypto CrediBULL Crypto stated that a great time to be bullish on the Dogecoin price and jump into longs was before this recent rally. Now, he believes that it is time to be more cautious, as this is the most likely place for DOGE to face a rejection and record lower highs if the bottom isn’t in yet. There is also the possibility that the meme coin could crash if the Fed rate cut and DOGE ETF launch turn out to be a ‘sell the news’ event. At the time of writing, the Dogecoin price is trading at around $0.28, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Austin Hilton, a well-known crypto analyst, has issued a fresh warning to XRP investors, urging them not to “get caught” amid the cryptocurrency’s latest market movement. With XRP showing signs of volatility and uncertainty surrounding its next major price direction, the analyst’s cautionary message serves as a reminder for traders to stay vigilant and patient. The Trap XRP Investors Need To Avoid Hilton recently shared a video report on X social media, cautioning XRP holders about a common trap that they often fall into during extended consolidation phases. He explained that XRP has been trading sideways within a narrow range of $2.80 and $3.30 for roughly 48 days now. While some investors may interpret this stagnation as a sign of weakness or lack of future potential, Hilton argues the opposite. Related Reading: XRP Price Could See 20% Bounce To $3.4 If This Trendline Holds According to him, periods of consolidation should not be viewed as setbacks but as essential, healthy stages in an asset’s price cycle and long-term growth. Drawing on his 30 years of investment experience, Hilton noted that both stocks and cryptocurrencies naturally progress through phases of upward surges, corrections, and sideways movement. He added that the real risk comes when investors misinterpret a consolidation phase as the end of growth, leading them to prematurely sell their holdings out of boredom, frustration, or anxiety. The analyst further emphasized that sideways trading in cryptocurrencies is often a precursor to significant upward moves. He highlighted XRP’s performance earlier in July, when, after a similar period of consolidation, the altcoin rallied by more than 61%. To him, this serves as evidence that XRP uses these quiet pullback periods to build strong support levels before advancing to higher price ranges. Building on this point, Hilton advised new and inexperienced investors not to fall for the consolidation trick and abandon their positions, as doing so could mean missing out on potential gains. He also reminded holders that external market events such as the upcoming FOMC Meeting could act as a catalyst for a price breakout after extended periods of calm. Expert Predicts XRP Explosive Surge To $6 In other news, crypto market expert Gordon offered a bold projection for XRP’s price trajectory, predicting a potentially rapid surge to $6. He observed that XRP has been consolidating at its current level for months, suggesting that it is preparing for a strong breakout to new all-time highs. Related Reading: XRP To Surpass Bitcoin? Pundit Reveals What Will Drive The Takeover The analyst’s monthly chart supports his bullish outlook. It shows steady upward momentum, with increasingly larger candlesticks that reflect strong buying pressure and renewed confidence among investors. Despite seeing a slight surge from the $2.8 range to $2.95, at the time of writing, XRP would still have to rally by approximately 103% to reach the projected $6 target. Fortunately, the explosive candle highlighted in Gordon’s chart demonstrates that the altcoin has entered a stage where price accelerations could happen swiftly. Featured image from Adobe Stock, chart from Tradingview.com
This week is shaping up to be critical for the broader crypto market, marked by a prevailing sense of caution as prices consolidate ahead of their next direction. According to market analysis firm Bull Theory, the forthcoming Federal Open Market Committee (FOMC) meeting is on the horizon, and its outcome will largely hinge on the economic data released this week. Stability Or Further Pressure For Crypto? The Federal Reserve (Fed) has two primary mandates: to maintain inflation around 2% and to support employment levels. Currently, the landscape appears challenging, with rising unemployment juxtaposed against persistent inflation. Related Reading: Solana Rally in Sight? Traders Eye Breakout That Could Push SOL Toward $250 On September 9, the Bureau of Labor Statistics will revise the previous year’s non-farm payrolls (NFP). This annual revision often reveals downward adjustments, indicating weaker job growth than initially reported. For instance, last August, the revision was significantly lower than expected, with a downward adjustment of 818,000 jobs—the second worst in US history. This prompted the Fed to implement a more aggressive 50 basis point cut instead of the anticipated 25 basis points. If this repeats, it could raise the likelihood of another substantial cut, which would be viewed positively for liquidity and, by extension, the crypto market. The Producer Price Index (PPI) report, scheduled for September 10, will provide insights into inflation at the business level. A PPI reading that meets or falls below expectations is likely to boost market sentiment, while a higher-than-expected figure could dampen it. Last month, the PPI was unexpectedly high, coinciding with Bitcoin’s (BTC) peak near $124,000 before it began to cool. A softer PPI this time could grant the Fed more leeway to implement cuts, alleviating pressure on cryptocurrencies. Three Scenarios For Fed’s Upcoming Rate Cut Decision Following that, on September 11, the Consumer Price Index (CPI), a key inflation gauge, will be released. If CPI readings come in hotter than anticipated, it complicates the Fed’s decision-making process. For the crypto market, a CPI result at or below expectations would be the most favorable outcome. Also on September 11, initial jobless claims will be reported, indicating how many individuals filed for unemployment benefits last week. A higher-than-expected figure would signal weakness in the job market, thereby increasing pressure on the Fed to act. As all eyes turn to the FOMC meeting, the data collected this week will be instrumental in determining whether the Fed opts for a 25 basis point or a more aggressive 50 basis point cut. Related Reading: Dogecoin Leads Altcoin Rally Amid ETF Speculation: Is $1.50 the Next Big Target? There are three potential scenarios that could unfold. The first, a larger cut of 50 basis points, is likely if the NFP is sharply revised downwards, CPI and PPI data are soft, and jobless claims are high. This scenario, which indicates a rapidly weakening economy, could provide robust liquidity support for the market. However, the Bull Theory estimates this outcome has a 20%-25% probability. The second scenario, a standard cut of 25 basis points, appears more probable, with a 70%-74% chance. This would occur if NFP revisions are moderately weaker, CPI is slightly elevated, and jobless claims remain steady. While this would still be positive for crypto, it may not yield the same liquidity burst as a 50 basis point cut. Lastly, a scenario where the Fed pauses or delays changes is also possible. The firm asserts that if NFP data holds steady, CPI readings are hotter than expected, and jobless claims decrease, the Fed might take a more cautious approach, potentially leading to short-term pressures and further consolidation for Bitcoin and altcoins. Featured image from DALL-E, chart from TradingView.com
Crypto analyst Costa has made an ultra-bullish prediction for the XRP price, stating that it could reach $473,214. He explained that such a massive price surge could happen thanks to tokenization on the XRP Ledger (XRPL). XRP Price To Reach $473,214 If This Happens In an X post, Costa predicted that the XRP price would reach $473,214 if 10% of global assets got tokenized onto the XRPL. This followed Ripple’s statement that 10% of global assets are expected to be tokenized by 2030. The analyst expects these assets, which amount to $50 trillion, to be tokenized on the XRP Ledger. Related Reading: Crypto Exchange Reveals When XRP Price Will Cross $2,000 Costa declared that the amount of inflows and utility will most definitely cause the XRP price to skyrocket. He also noted that a potential supply shock will push the altcoin higher. Meanwhile, the analyst alluded to a market cap multiplier to explain how the price increase will happen. He stated that for every 10 billion of inflows, XRP will increase by 516x, moving the altcoin’s market cap to $5.3 trillion. Costa then broke down the calculation for how the XRP price would reach $473,214. He divided $50 trillion, which represents 10% of the global assets, by $10 billion, which is the amount he projects as the inflows. The division amounted to $5,000, which he then multiplied by the projected $5.3 trillion market cap, leading to $26.5 quadrillion. The analyst noted that dividing the current supply by this will result in an XRP price of $473,000. However, Costa admitted that these projections are simply hypothetical and that there is no 100% guarantee of 10% of the global assets being tokenized on the XRP Ledger. XRP Still Expected To Rise Higher The XRP price is currently on a downtrend, but is still expected to witness a bullish reversal and reach new highs. Crypto analyst Matthew Dixon noted that the price is expected to surge soon above the highs previously recorded this year. He noted XRP’s pattern is currently corrective and should resolve higher, especially with the softening of monetary policy. The Fed is expected to make a 25-basis-point (bps) rate cut at the next FOMC meeting, which is bullish for the XRP price. This could inject more liquidity into the altcoin’s ecosystem and serve as the catalyst for the next leg up. Crypto analyst Egrag Crypto predicted that the XRP price could rally to as high as $6 soon enough. However, he warned that the altcoin needs to hold above its current range as it prepares for this major breakout. Related Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game At the time of writing, the XRP price is trading at around $2.81, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Historical data provides a bullish outlook for the XRP price this month, with the altcoin likely to record significant gains based on past performance. Specifically, the average monthly returns show that XRP could even record double-digit gains. Average Monthly Returns Point To Notable Gains For The XRP Price Cryptorank data shows that the XRP price has historically recorded an average monthly return of 13.8% in September. This suggests that the altcoin could again record positive returns this time around, especially as it looks to reclaim the psychological $3 level. Meanwhile, it is worth mentioning that the altcoin has closed the last three Septembers in the green. Related Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game In September 2022, the XRP price recorded a gain of 46.2%, its largest over the past 4 years. It also saw an increase of almost 8% in September 2023. The altcoin has so far recorded a gain of nearly 3% this month and looks on course to replicate its historical positive performance in September. Notably, there are bullish fundamentals that could spark a run for the XRP price. This includes the projected 25 basis points (bps) rate cut that the Fed is expected to make at the September 17 FOMC meeting. There is currently a 99.7% chance that the Fed will make this cut, according to CME FedWatch data. A Fed rate cut is bullish for altcoins, including XRP, as it could lead to increased risk-on sentiment among investors and cause more liquidity to flow into these assets. Meanwhile, the XRP ETFs are expected to receive the SEC’s nod in October, and given the market’s forward-looking nature, the XRP price could rally in anticipation of this occurrence next month. The ETFs are expected to attract new capital into the altcoin’s ecosystem. XRP Eyes Rally To $3.40 In an X post, crypto analyst Egrag Crypto predicted that the XRP price could rally to around $3.40. He noted that with the altcoin currently trading at around $2.877, all eyes are on how it will perform around this level. If XRP closes above $3.077, the analyst stated that it could increase the chance of breaching the $3.40 mark. Related Reading: XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming Interestingly, the analyst suggested that the XRP price could rally by over 200% and reach $6.12 if it successfully breaches the $3.40 mark. His accompanying chart showed that XRP could claim this $6 range this month. Meanwhile, in another X post, Egrag Crypto said that the range of $3.077 to $3.13 is a key area, as a strong close above it with high volume could pave the way for the next move. At the time of writing, the XRP price is trading at around $2.85, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Bitcoin’s recent price action is holding firm above the $108,000 level despite a string of minor pullbacks in recent trading sessions. Notably, CoinGecko data shows that the Bitcoin price has climbed to an intraday high of $109,116, but it wasn’t able to hold above and has retreated slightly lower at the time of writing. Volatility has been relatively subdued for Bitcoin above $106,000. However, Doctor Profit, a well-followed crypto analyst, believes Bitcoin is still in a bullish structure, and he outlined two likely paths for the next major move. Bull Flag And Breakout To $130,000 With Retest The first scenario outlined by Doctor Profit involves a breakout to a price level between $113,000 and $114,000, which would take Bitcoin to a new all-time high in the process. However, this all-time high would be very brief. According to this scenario, a sharp correction is expected to follow once Bitcoin reaches this range. Related Reading: Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins This correction will send the price back down into the $92,000 to $93,000 range to fill a CME gap and tap into a major liquidity pool. Rather than causing panic, the analyst views this move as part of a bullish continuation. This potential retracement zone is clearly marked on Doctor Profit’s daily candlestick chart with the message “Add more if market allows.” The pullback, if it happens, would serve to reset the market and initiate a bounce before Bitcoin resumes its upward trajectory to $120,000 again. Direct Rally To $120,000 Without Retest The second path skips the correction altogether. In this scenario, Bitcoin breaks through the flag resistance to rally past $113,000. From there, the scenario sees Bitcoin continuing upward without returning to the lower support zones. The move hinges on the ability of Bitcoin to gain momentum rapidly and lead to a strong push toward $120,000. Doctor Profit points out that this option is a more aggressive bullish continuation, and both scenarios are valid for bullish price targets in the long term. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline He also debunked fears surrounding the sudden movement of a dormant Satoshi-era whale wallet containing 80,000 BTC. The analyst believes the transfer was likely an over-the-counter deal between a large private entity and an institution or government and not a sign of looming sell pressure. Volatility is going to be very low in the coming days, as there are no macro market events that can cause price volatility. FOMC meeting minutes are due Wednesday, and there are going to be US unemployment claims on Thursday, but both are low-volatility events. Nonetheless, the $113,000 to $114,000 price range is the most important level to watch in both scenarios. What follows from there, a sharp correction or a straight continuation, will define the speed of the next leg to $120,000. At the time of writing, Bitcoin is trading at $108,270. Featured image from Pixabay, chart from Tradingview.com
The Cardano price may be preparing for a powerful rally toward $1.7, as new indicators suggest a potential recovery. A leading crypto analyst has identified multiple bullish catalysts that could drive ADA’s momentum and help propel the cryptocurrency to this bullish target. Institutional Interest To Fuel Cardano Price Recovery According to a recent technical analysis by a pseudonymous TradingView analyst, ‘Risk_Adj_Return,’ the Cardano price is suddenly showing signs of recovery after a period of sluggish performance. This seemingly bullish turnaround has sparked predictions of a potential surge to $1.7. Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone According to the analyst’s report, several factors have been fueling ADA’s recovery. Despite its downtrend, large spot purchases have been observed, hinting at growing interest from institutional investors. The analyst also mentioned that political developments from key figures, such as US President Donald Trump, could spark further bullish sentiment for Cardano. Although many of the present institutional buy-ins for Cardano have been followed by sell-offs, possibly from short-term traders, the sheer volume suggests that major players are closely watching the market. Part of this renewed institutional interest is attributed to the US Federal Reserve (FED) and broader macroeconomic signals. Investors may be hoping for a shift in monetary policy or clear signs of easing inflation in the upcoming FOMC meeting, as this could boost risk assets like ADA. Any alignment between the Cardano price action and the FED decision could become a significant catalyst for upside momentum. In his Cardano price chart, the TradingView analyst highlighted a bullish long trade setup on the 4-hour timeframe, utilizing the Heikin-Ashi candles. The trading strategy is supported by multiple take-profit levels, with the entry point marked near Cardano’s current price range. A clear stop loss has also been placed just below the local support to manage downside risks. The trade plan involves three key take-profit levels: $0.73, $0.96, and $1.21. These targets align with previous resistance zones, allowing traders to potentially lock in gains before ADA reaches its ultimate upside target of $1.74. ADA Breakout Unlikely Amid US Trade Tensions The Cardano price is showing signs of strength, according to a market expert, ‘AMCrypto’, who notes that it is holding firm at a critical ascending support trendline on the 4-hour chart. After a recent decline, ADA bounced off the trendline, maintaining the bullish structure of an Ascending Triangle. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Currently trading around $0.61, Cardano still faces resistance at $0.67. A confirmed close above this threshold could signal a breakout, potentially propelling its price toward the $0.73 – $0.75 range. However, despite these bullish technicals, macroeconomic uncertainty remains a key obstacle to ADA’s breakout potential. The ongoing US-China trade war tensions continue to fuel market volatility, creating headwinds for a sustained rally. The current market decline and instability fueled by this trade war have also kept many investors on the sidelines as they await stability. Featured image from Pixabay, chart from Tradingview.com
Bitcoin (BTC) has surged nearly 4% in the past 24 hours amid the ongoing volatility. As the price retests the $85,000 resistance, some analysts suggest a jump to $90,000 could be around the corner. Related Reading: SUI Ready For 15% Move Amid Key Level Retest – Breakout Or Breakdown Ahead? Bitcoin Retests $85,000 Barrier On Wednesday, Bitcoin broke above the $85,000 resistance after surging over 5% from yesterday’s lows. The flagship crypto has been unable to reclaim the $85,000-$86,000 zone throughout the last 10 days, struggling to hold the $84,000 support during this period. Nonetheless, BTC climbed over the last 24 hours ahead of Today’s Federal Open Market Committee (FOMC) meeting. As some market watchers pointed out, the expectations of Federal Reserve Chair Jerome Powell’s statement could “make or break” the recent reclaim of key support levels. Analyst CRG explained, “The rate change (or lack thereof) at FOMC is usually not important (unless surprise change) – as it’s baked in. It’s the forward guidance, tonality, etc., that’s important. New info surrounding the end of QT/dot plot revisions important to watch today.” The Federal Reserve announced its interest rate decision, setting the upper bound at 4.50%. As Wu Blockchain reported, the decision was in line with the expected rate and unchanged from the previous one. Meanwhile, “The dot plot indicates an expected 50 basis point rate cut in 2025. Additionally, starting in April, the Fed will slow the pace of balance sheet reduction, lowering the monthly Treasury redemption cap from $25 billion to $5 billion while maintaining the cap for agency debt and MBS at $35 billion.” Daan Crypto Trades noted that BTC’s price could “get quite interesting” with the FOMC volatility. The news could send the flagship crypto to reclaim the key $85,000 barrier or retrace to the range lows. According to the trader, Bitcoin’s liquidation heatmap showed a “few big clusters on both sides” of the weekly range. As a result, the $80,000-$81,000 and $85,000-$86,000 price ranges are two key zones to watch amid the ongoing volatility. BTC Must Hold This Key Zone The Federal Reserve’s report propelled Bitcoin’s price to a 10-day high of $85,880, registering a 3.8% surge in the daily timeframe. Daan warned investors that the current $84,000-$85,000 range is a key level to overcome, as BTC has been “unable to break back above the Daily 200MA/EMA cluster.” Reclaiming this zone could send Bitcoin back to the $90,000 resistance and reclaim its post-election breakout price range. On the contrary, a rejection could see BTC hit new lows, risking a fall to the $73,500 mark. Analyst Rekt Capital noted a decline in seller volume over the last few days, which has allowed buyers “to step in.” According to the analyst, “Buyers need to showcase above-average volume for there to be more conviction in this move.” Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Additionally, he highlighted that Bitcoin’s Daily Relative Strength Index (RSI) has turned into a resistance level as it has been in a downtrend since November 2024. To him, this level is worth watching in the future since “an RSI Downtrend break would likely precede a trend reversal to the upside in price.” As of this writing, Bitcoin trades at $85,132, a 4.9% increase in the past week. Featured Image from Unsplash.com, Chart from TradingView.com
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