The governance vote passed with 99.12% approval from 1,800 voters, with 76% of tokens coming from just 10 wallets.
Veteran trader Peter Brandt sparked a fresh round of chart debate around Bitcoin after posting a chart and writing, “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.” For market participants used to Brandt’s shorthand, the message pointed to a possible shift in how he is reading BTC’s recent recovery structure. The chart Brandt shared shows Bitcoin on the daily timeframe rebounding from a sharp February washout into the low-$60,000s and climbing back toward the low-$70,000s. The posted candle data showed BTC closing at $72,813.62 on the day, with an intraday high of $73,210.95. Around that rebound, Brandt drew two widening curved boundaries, creating the outline of what he called a “horn.” ‘Banana/Horn’ Could Send Bitcoin Into Mid-$80Ks What makes the post puzzling is that “banana” is not a standard textbook label in the way flag, wedge or triangle are. In context, Brandt appears to be using it descriptively: the recovery arc looks rounded and elongated, and his comment that “the Banana is splitting” suggests that the smooth curve is beginning to open outward into a broader, more unstable formation. That is where the “horn” reference comes in. Related Reading: Is Bitcoin Price Bottom In? MVRV Z-Score Says ‘Not Yet’ In classical chart language, a horn pattern is best understood as a broadening structure, one where the price path does not tighten but expands. Brandt’s reference to Richard W. Schabacker matters because Schabacker’s pre-war technical analysis work sits near the foundation of modern classical charting. By invoking a 1934 text, Brandt was framing the setup as old-school chart geometry rather than a crypto-native meme or a one-off joke. The catch is that Brandt himself did not present the pattern as settled. When one user replied, “Dude pick one. Horn or flag,” Brandt answered: “Could be either. Sorry you cannot handle flexibility.” That response is important. It suggests he is not yet making a hard categorical call between a more conventional continuation flag and a widening horn-type formation. Instead, he appears to be highlighting that the structure is in transition and that real-time pattern recognition is rarely as clean as retrospective textbook examples. Related Reading: Bitcoin Miners’ AI Shift May Create New Overhang, Lekker Capital CIO Warns Read that way, the tweet is less a precise forecast than a warning about market character. A flag would usually imply a more orderly pause within trend. A horn, by contrast, implies widening swings and a less controlled advance. On Brandt’s chart, Bitcoin is pushing through the upper half of the formation, but the drawn boundaries flare outward as price moves to the right, which visually supports the idea that volatility could expand rather than compress. As for price target, Brandt did not annotate a measured move, so any projection has to be treated as approximate. The most reasonable read from the image is not a fixed breakout target but a path target along the horn itself. The upper curved boundary rises from around the mid-$70,000 area in mid-March toward roughly $83,000 to $88,000 by early April, while the lower boundary also trends sharply higher. If Bitcoin continues to track the upper side of the pattern, the chart appears to point toward the low- to mid-$80,000s as the next visible zone. At press time, BTC traded at $73,186. Featured image created with DALL.E, chart from TradingView.com
Your look at what's coming in the week starting March 16.
Australia is moving closer to a new licensing regime that would bring crypto exchanges and tokenization platforms into the Australian Financial Services Licence regime.
Hana Financial Group and Standard Chartered will explore joint initiatives in digital assets, including stablecoins.
An Australian Senate committee has backed a bill that would bring crypto platforms and custody providers under the country’s existing financial services system. The proposed law would create a licensing and compliance framework for firms that manage digital assets for customers, while leaving the underlying blockchain technology outside direct regulation.Meanwhile, the bill remains before the …
Under the legislation, crypto platforms and tokenized custody platforms would be treated similarly to other financial service providers.
The crypto market moved higher today, led by Bitcoin, which surged to around $74,300, marking its highest level in roughly 40 days. Bitcoin gained nearly $1,800 in just 30 minutes, triggering a wave of liquidations across derivatives markets. More than $113 million worth of short positions were liquidated within an hour, forcing bearish traders to …
FOMC Meeting Countdown Begins! The Federal Reserve interest rate decision is scheduled for Tuesday, and policymakers gather for the latest Federal Open Market Committee (FOMC) meeting. While markets are almost certain about the immediate outcome, uncertainty remains about what the central bank will signal for the rest of the year. Recent economic data show why …
Crypto trader Ran Neuner said Bitcoin could be in danger if AI continues to pull miners away from the network, but others disagree.
The US Department of Justice has filed for dismissal of its case against BitClout founder Nader Al-Naji, after “reassessment of the evidentiary record."
Bittensor’s $TAO recorded a sharp 40% rally, reaching a high near $294 before easing to around $280. The surge follows rapid network expansion, with active AI subnets growing to 128 this year. Strong momentum came after Templar introduced Covenant 72B, a large decentralized language model trained on 1.1 trillion tokens, drawing significant market attention. Although …
The Senate Economics Legislation Committee said the proposed legislation will modernize digital assets regulatory framework.
The crypto market began the week on a cautious note as investors prepared for a series of key macroeconomic events that could influence global financial markets. Major assets like Bitcoin and Ethereum continue to trade within important ranges, while several altcoins show mixed performance across the broader market. Despite relatively stable price action, traders are …
ShapeShift founder Erik Voorhees reportedly bought over $56 million worth of ETH after selling his ETH holdings a year earlier.
Crypto trading firm BlockFills has filed for Chapter 11 bankruptcy protection in the United States as it seeks to restructure its business and stabilize operations. Court filings show the company has assets between $50 million and $1 billion and liabilities ranging from $100 million to $500 million. The filing was submitted on March 15, 2026, …
The Pi Core Team has announced that the first version of the Pi Launchpad has been released as a Pi App on the Testnet, along with a test token. Since the Launchpad introduces new features and works differently from typical Web3 token launches, the team decided to release it on Testnet first. This allows the …
On March 15, 2026, crypto lender BlockFills and its affiliates filed for Chapter 11 bankruptcy in Delaware, listing just 50 to 100 million dollars in assets against 100 to 500 million dollars in liabilities. The filing came after the company stopped deposits during Bitcoin price drops, its CEO exited, and Dominion Capital sued over a …
March 16, 2026 06:15:26 UTC Strategy Aims for 1 Million Bitcoin by Year-End Strategy would need to buy about 6,158 Bitcoin per week for the rest of 2026 to reach 1 million BTC by the end of the year. At an average price of $85,000 per Bitcoin, the company still needs to purchase 261,269 BTC, …
Volume jumped more than 250% during the move, with traders watching whether former resistance now turns into support.
Dogecoin started a major increase above $0.0950 against the US Dollar. DOGE is now consolidating and might aim for an upside break above $0.1020. DOGE price started a fresh increase above $0.0980 and $0.10. The price is trading above the $0.0988 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.0955 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0955. Dogecoin Price Aims Higher Dogecoin price started a fresh increase after it settled above $0.0965, like Bitcoin and Ethereum. DOGE climbed above the $0.0980 resistance to enter a positive zone. The bulls were able to push the price above $0.10. A high was formed at $0.1013 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0940 swing low to the $0.1013 high. Dogecoin price is now trading above the $0.0985 level and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $0.0955 on the hourly chart of the DOGE/USD pair. If there is another increase, immediate resistance on the upside is near the $0.1020 level. The first major resistance for the bulls could be near the $0.1050 level. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward $0.1120. Any more gains might send the price toward $0.120. The next major stop for the bulls might be $0.1220. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1020 level, it could start a downside correction. Initial support on the downside is near the $0.0995 level. The next major support is near the $0.0978 level or the 50% Fib retracement level of the upward move from the $0.0940 swing low to the $0.1013 high. The main support sits at $0.0955. If there is a downside break below the $0.0955 support, the price could decline further. In the stated case, the price might slide toward the $0.0940 level or even $0.0920 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0978 and $0.0955. Major Resistance Levels – $0.1020 and $0.1080.
Majors posted broad gains on Monday as oil eased from highs, two tankers sailed through the Strait of Hormuz for the first time since the war began, and Trump said the U.S. was talking to Iran.
Australia’s securities regulator said two-thirds of Gen Z are using social media to make decisions about their financial future, leading to “riskier” financial decisions.
XRP price started a decent increase above $1.450. The price is now consolidating gains and might aim for more gains above the $1.480 zone. XRP price started a decent upward move above the $1.450 zone. The price is now trading above $1.4550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.410 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.480. XRP Price Extends Its Rally XRP price started a decent upward move above $1.420 and $1.4320, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.450 resistance. The bulls even pumped the price toward the $1.4750 zone. A high was formed at $1.4798 and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $1.3855 swing low to the $1.4798 high. The price is now trading above $1.4550 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.480 level. The first major resistance is near the $1.4850 level, above which the price could rise and test $1.50. A clear move above the $1.50 resistance might send the price toward the $1.5250 resistance. Any more gains might send the price toward the $1.5320 resistance. The next major hurdle for the bulls might be near $1.550. Downside Correction? If XRP fails to clear the $1.480 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.450 level. The next major support is near the $1.4325 level or the 50% Fib retracement level of the upward move from the $1.3855 swing low to the $1.4798 high. If there is a downside break and a close below the $1.4325 level, the price might continue to decline toward $1.420. The next major support sits near the $1.410 zone and the trend line, below which the price could continue lower toward $1.3880. The main support could be $1.3680. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.450 and $1.4320. Major Resistance Levels – $1.480 and $1.50.
The proposal would bring crypto platforms and custodians under Australia’s financial-services law, requiring operators that hold client tokens to obtain licences and meet new asset-safeguarding standards.
WLFI token holders must stake their tokens for at least 180 days to retain voting privileges under the recently passed proposal.
Bitcoin's convincing move above its key average indicates a strengthening of the bullish momentum.
Ethereum price started a major increase above the $2,150 zone. ETH is now showing positive signs and might aim for more gains above $2,250. Ethereum started a steady upward move above the $2,150 zone. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,250 zone. Ethereum Price Rallies Over 8% Ethereum price extended its recovery wave after it cleared the $2,050 zone, like Bitcoin. ETH price was able to clear the $2,120 resistance zone. The bulls pushed the price above the 76.4% Fib retracement level of the downward move from the $2,209 swing high to the $2,062 low. Besides, there is a key bullish trend line forming with support at $2,100 on the hourly chart of ETH/USD. Finally, the price cleared the $2,200 resistance zone. It tested the 1.236 Fib extension level of the downward move from the $2,209 swing high to the $2,062 low at $2,245. Ethereum price is now trading above $2,180 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,150, the price could attempt another increase. Immediate resistance is seen near the $2,245 level. The first key resistance is near the $2,250 level. The next major resistance is near the $2,280 level. A clear move above the $2,280 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,365 resistance zone or even $2,380 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $2,250 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,180 zone. A clear move below the $2,180 support might push the price toward the $2,150 support. Any more losses might send the price toward the $2,100 region. The main support could be $2,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,150 Major Resistance Level – $2,250
The institutional crypto lender filed for bankruptcy after suspending withdrawals, incurring about $75 million in losses and facing a lawsuit alleging misuse of customer funds.
Bitcoin price started a steady increase above the $72,000 zone. BTC is now consolidating and might aim for more gains if it clears $73,000. Bitcoin started a decent upward move above the $72,000 zone. The price is trading above $71,200 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $71,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to rise if it clears the $73,000 and $74,000 levels. Bitcoin Price Regains Pace Bitcoin price remained elevated and extended its increase above the $70,500 level. BTC climbed above the $71,200 and $72,000 resistance levels. The bulls were able to pump the price above the 50% Fib retracement level of the downward move from the $73,928 swing high to the $70,200 low. There is also a bullish trend line forming with support at $71,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $71,800 and the 100 hourly simple moving average. If the price remains stable above $71,500, it could attempt a fresh increase. Immediate resistance is near the $72,800 level. The first key resistance is near the $73,000 level or the 76.4% Fib retracement level of the downward move from the $73,928 swing high to the $70,200 low. A close above the $73,000 resistance might send the price further higher. In the stated case, the price could rise and test the $73,800 resistance. Any more gains might send the price toward the $74,000 level. The next barrier for the bulls could be $75,000. Another Decline In BTC? If Bitcoin fails to rise above the $73,000 resistance zone, it could start another decline. Immediate support is near the $72,000 level. The first major support is near the $71,500 level or the trend line zone. The next support is now near the $71,200 zone. Any more losses might send the price toward the $70,350 support in the near term. The main support now sits at $70,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $72,000, followed by $71,500. Major Resistance Levels – $73,000 and $74,000.