A crypto analyst has shared more insights into the Bitcoin (BTC) price action using a rare Japanese chart pattern called the Renko Mari-Ashi. The chart shows that the Bitcoin price has formed a Double Bottom and could be on the verge of a major breakout. Additionally, it has highlighted the points where the Double Bottom was formed, revealing the area where BTC is likely to start rising again in this cycle. Bitcoin Double Bottom Formation On The Renko Mari-Ashi Chart Geometric, a pseudonymous market analyst on X, said on April 28 that the Renko Mari-Ashi chart is signaling another major bottom formation for Bitcoin. He described this chart as a special Japanese chart that focuses solely on a cryptocurrency’s price movement, not the timing of its actions. Related Reading: Here’s How The Ethereum Vs. Solana Rivalry Is Going He said that this chart was designed to filter out market noise and highlight major trends and reversals in a cryptocurrency. Moreover, unlike traditional candlestick charts, which create a new candle at each interval, the bricks on the Renko Mari-Ashi chart are formed only when the price moves by a specific amount, which can take minutes, hours, or days. Looking at the Bitcoin price action on this rare chart, Geometric tracks the cryptocurrency’s movements from 2018 to the present, highlighting every major bull run and bear market along the way. The chart shows that Bitcoin has now completed a second Double Bottom formation and could be gearing up for a major reversal. The first time a similar Double Bottom pattern appeared was around September 2024, a few weeks before BTC’s historic surge to the $100,000 psychological level. Prior to this, Bitcoin had formed a Double Top, setting the stage for its Double Bottom. Once that price floor was confirmed, BTC exploded above $100,000 in 2025, forming another Double Top pattern. Following the trajectory of the Renko Mari-Ashi chart blocks, Bitcoin crashed below $75,000 around May after hitting $100,000. This massive drop preceded the price reversal that led to the cryptocurrency’s historic all-time high above $126,000 in October 2025. Once this ultimate top was reached, BTC started its current bear market decline, which Geometric says has now led to the formation of a new Double Bottom, similar to the one that emerged in 2024. Where BTC Bottom Stands And When The Uptrend Begins The Renko Mari-Ashi officially places BTC’s current Double Bottom around the $60,000 to $65,000 range. The first bottom formed in February 2026 when BTC crashed down toward $60,000, while the second price floor emerged near $65,000 following a bullish fakeout. Related Reading: XRP Price At $25,000? The ‘Divine’ Prediction That Is Setting The Community On Fire With this Double Bottom now confirmed, Geometric suggests that BTC’s bear market may be over, and price action has returned to the green. He wrote on the chart that the Bitcoin price is now in a bullish breakout zone, signaling a potential strong rally ahead. If price action plays out as it did in 2024, BTC could be headed for another major bull run to new highs this cycle. Featured image created with Dall.E, chart from Tradingview.com
EF said the funds will go towards operations, activities, protocol R&D, ecosystem development, community grant funding and more.
Columbia University Fertility Center's Star method uses artificial intelligence to detect rare sperm missed in standard tests.
Heightened US-Iran tensions could disrupt global energy markets and increase geopolitical instability, impacting international relations and economies.
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Trump's focus on diplomacy over military action may stabilize geopolitical tensions, potentially reducing economic volatility and oil price spikes.
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Ongoing US-Iran talks amid tensions highlight geopolitical instability, impacting global energy markets and complicating international relations.
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The Trump administration's stance may reduce war declaration likelihood, impacting US-Iran relations and congressional war powers debates.
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The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million.
Some milestones mark a date on a calendar. Others mark a shift in how a company sees itself and the world it operates in. For ChangeNOW, the release of its first-ever feature documentary: “Beyond the Hype”, belongs firmly in the second category. This project follows a period of massive growth for the ChangeNOW platform, which …
Trump's dissatisfaction with Iran's proposal signals ongoing diplomatic challenges, reducing prospects for ceasefire and sanction relief.
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The intensified U.S. sanctions on Iran may stabilize oil markets by reducing immediate geopolitical risks and shifting focus to economic diplomacy.
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Toto shares surge 18% as AI demand lifts its precision ceramics unit, overshadowing its core bathroom business's global performance.
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Trump's troop withdrawal consideration could strain US-European relations, impacting NATO cohesion and altering geopolitical dynamics.
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PACTs would let long-term bitcoin holders prepare for a worst-case quantum scenario without moving funds or signaling activity onchain.
AIMCo returns to Michael Saylor's bitcoin treasury company years after exiting, now sitting on a sizable unrealized gain.
The sale may influence Ethereum's market dynamics and highlight the foundation's strategic funding approach for ongoing development initiatives.
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Brazils central bank restricts crypto settlement in eFX cross border payments as stablecoin use rises across local markets.
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Brad Garlinghouse took the stage at XRP Las Vegas for the fourth year running and did not waste time on pleasantries. Over roughly 22 minutes he covered Ripple’s commitment to XRP, the Clarity Act’s shrinking window, the OCC trust charter, a Fed master account ambition, Ripple’s IPO timeline, and a pointed dig at a competitor …
Of the myriad pundits proclaiming what bitcoin is or isn’t, Blume offers a more clear-eyed framing that, he argues, will outlast the others.
In an environment where tighter monetary policy typically pressures risk assets, Ethereum has attracted over $1 billion in buying interest despite a hawkish stance from the Federal Reserve, which typically tightens liquidity and weighs on markets. That kind of inflow suggests that investors aren’t just reacting to short-term narratives, but are positioning around longer-term conviction in the network. Why Ethereum Is Holding Strong Against A Hawkish Federal Reserve Ethereum is showing a notable mix of short-term weakness and underlying demand, despite the hawkish Fed macro backdrop that is in place. Crypto analyst Darkfost has highlighted on X that ETH recently rebounded above $2,450 before facing a roughly 10% correction despite the price still trading within a broader range. Related Reading: Ethereum Traders Shift: Spot Market Weakness Drives Rise In Derivatives Trading The move back below the $2,300 level could have signaled weakness, but instead it appears to have triggered aggressive buying interest. Within 1 hour, the taker buy volume on Binance surged above $1 billion. A similar reaction was also seen on OKX, where nearly $20 million in buying flows were recorded over the same period. That kind of move suggests that these price levels are where some investors aggressively stepped in on the long side, waiting to take advantage of the pullback. This buying move came even as the Federal Reserve had announced that it would keep interest rates unchanged in the 3.5% to 3.75% range. Also, the institution indicated that short-term inflation could move higher, notably due to the rise in energy prices. Darkfost noted that despite this relatively Hawkish tone, some market participants still appear willing to bet on a more constructive short-term outlook for ETH. Why The Next Decade Could Be Transformational For Ethereum The disconnection between expectation and reality is where most investors go wrong with Ethereum. According to Shibatarzan, many enter the market expecting a quick upside in a few weeks, and when that doesn’t happen, they feel disappointed. In reality, investing in ETH should be based on where it can stand over the next 10 to 20 years. Related Reading: Ethereum Net Taker Volume Rises To Most Positive Level Since 2023 – Bullish Reversal Soon? Shibatarzan stated that in the meantime, the journey won’t be smooth, it will have drawdowns. In fact, those periods of weakness often present the best opportunities to accumulate. Also, there’s a shift happening in how investors engage with ETH. Instead of simply holding, many investors are finding ways to make their assets productive, through platforms like Strato_net, turning idle capital into yield while waiting for the broader thesis to play out. In Strato_net, investors are not just investing in an asset, but investing in the future of an ecosystem. Over the last 5 years, ETH has been developing at an incredible pace, with Shibatarzan predicting that the next 10 to 20 years of ETH will bring larger progress, drawing a parallel to the early internet days. Featured image from Getty Images, chart from Tradingview.com
The ECB's steady rates amid inflation risks highlight potential economic stagnation, with geopolitical tensions influencing future policy shifts.
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Iran's diplomatic efforts could lead to renewed US-Iran talks, impacting regional stability and international relations dynamics.
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Bitcoin pushed to $78,254 Thursday, up 2.69% in 24 hours and outperforming a broader crypto market that rose 2.08%, as a macro risk-on shift lifted digital assets alongside equities. The recovery comes against a backdrop that remains uncertain. President Trump said Thursday he is “not satisfied” with the latest peace proposal from Iran, delivered through …
The Department of Defense's agreements will enable AI from the likes of Google and OpenAI to run on top-secret military networks.
New Financial Times reporting says Donald Trump Jr. and Eric Trump are set to gain exposure to a Kazakhstan tungsten venture through Skyline Builders, a Nasdaq-listed company that has signed a transaction agreement with Cove Kaz Capital Group to create Kaz Resources Inc. if completed. Skyline and Cove, Kaz said, is expected to trade under […]
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