Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon

Crypto analyst Lark Davis recently predicted that this bull run could be more massive than most people imagine. He outlined why this market cycle could stand out from previous ones.  Why This Bull Run Will Be Face Melting Davis mentioned in an X (formerly Twitter) post that crypto market participants are about to witness a face-melting bull run. He alluded to the influence of institutional investors as the reason why this bull run will stand out. For one, he noted how the US Spot Bitcoin ETFs already record hundreds of millions of daily inflows.  Related Reading: Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75 Thanks to the impressive demand for these funds, Davis highlighted that fund issuers have purchased 56,150 BTC in the past 18 days of trading. He claims this amount of Bitcoin represents four months’ supply injected into the ecosystem by Bitcoin miners. These fund issuers arent only the institutions buying up the flagship crypto. Davis also noted that companies like MicroStrategy, Block, and Semler Scientific have continued to accumulate Bitcoin. The analyst also claimed that wealth managers and pension funds worldwide are lining up to invest in Bitcoin.  Meanwhile, Davis also made reference to the Spot Ethereum ETFs and the massive impact they could have in this market cycle.  These Spot Ethereum ETFs are expected to see massive inflows once they begin trading. JPMorgan predicts these funds could witness $1 billion to $3 billion in inflows, and crypto research firm K33 Research predicts these funds could witness up to $4 billion in inflows in the first five months of trading.  Crypto analysts like Michael Van de Poppe have also expressed their bullishness on these Spot Ethereum ETFs, predicting that these funds could be the catalyst for a continuation of the bull run. Specifically, they predict that these Spot Ethereum ETFs could kickstart the altcoin season, with Ethereum and other altcoins experiencing major moves.  Other Factors That Could Postively Impact This Run Following Davis post, crypto analyst Patric outlined other factors that could positively impact this bull run. First, the analyst mentioned interest rate cuts and noted that Canada and Europes Central Bank have already cut interest rates. He believes that the US will likely follow suit soon enough.  Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH Secondly, Patric noted that the Feds treasury buyback program has started. This development, alongside the interest rate cuts, is expected to lead to quantitative easing (QE), which could boost investors’ confidence in investing in risk assets like Bitcoin and other cryptocurrencies. Lastly, the analyst noted that this is an election year, with the US Presidential election slated for November.  Republican Presidential candidate Donald Trump also provided a much-needed boost to the market by affirming his pro-crypto stance. Based on this, Standard Chartered Bank predicts that Bitcoin could rise to $150,000 this year if Trump wins.   Featured image created with Dall.E, chart from Tradingview.com

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Why This Crypto Bull Run Might Not Live Up To The Past: Analyst

In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in previous cycles. His insights provide a deep dive into the underlying factors that could temper the market’s performance. Why Crypto Investors Have To Expect Diminishing Returns Pentoshi began his analysis by stating, “This cycle should have the largest diminishing returns of any cycle,” attributing this prediction to several key market conditions. Primarily, he noted that the base market capitalization for cryptocurrencies has increased significantly in each successive cycle, setting a higher starting point that makes further exponential growth increasingly challenging. “Each cycle has set a floor about 10x the previous lows in terms of market cap,” Pentoshi explained. He provided a historical context, recounting that when he entered the crypto market in 2017, the market cap for altcoins was only around $12-15 billion, a figure that ballooned to over $1 trillion during peak periods. He argued, “That growth isn’t repeatable,” pointing out that the decentralized finance (DeFi) sector, which was then nascent, played a significant role in driving previous cycles’ exceptional returns. Related Reading: Buy Crypto In May, Go Away: Arthur Hayes Shares His Top Altcoin Picks Another significant factor Pentoshi highlighted is the dramatic increase in the number of altcoins and the corresponding market dilution. “Today, however, there are a lot more alts, and a lot more dilution,” he remarked, indicating that the proliferation of new tokens spreads investment thinner across the market, reducing the potential for individual tokens to achieve substantial price increases. Pentoshi also touched upon the demographic shifts in crypto ownership. He contrasted the early days of crypto adoption, when approximately 2% of Americans were involved in the market, to the present, where over 25% of Americans have some form of crypto investment. “It just requires more capital to move the markets, and there will continue to be a lot more alts, spreading it out further,” he noted, emphasizing the logistical and financial challenges of replicating past growth rates in a much more saturated market. An often-overlooked aspect of market dynamics, according to Pentoshi, is the role of token liquidity and its impact on price stability. He detailed that recently, tokens amounting to about $250 million were unlocked daily, though not necessarily sold. “Assuming they all got sold, that is the inflows you’d need just to keep prices stable for 24 hours,” he explained, highlighting the delicate balance required to maintain current market levels, let alone drive prices upward. Related Reading: Crypto Prediction Website Reveals When The Cardano Price Will Reach $45 Looking forward, Pentoshi was conservative in his expectations for the Total3 index, which tracks the top 125 altcoins (excludes Bitcoin and Ethereum). He estimated, “My best guess is that this cycle we don’t see Total 3 go 2x past the 21′ cycle ATH. So 2.2T max for Total3.” This projection underscores his broader thesis that while the market continues to offer daily opportunities, the era of “easy, outsized gains” might be behind us. Pentoshi concluded his analysis with advice for investors, suggesting a more cautious approach to market participation. “If you believe the cycle is 50% over, you should be taking out more than you are putting in and building up some cash and buying other assets with lower risk in the meantime,” he advised, stressing the importance of securing gains and diversifying holdings to mitigate risk. Reflecting on the psychological aspects of investing, he added, “Most people never really learn. Because if you can’t control your greed, and defeat it, you are destined to give back your gains repeatedly.” His parting words were a reminder of the cyclical and often predatory nature of financial markets, urging investors to secure profits and protect themselves from foreseeable downturns. At press time, TOTAL3 stood at $635.565 billion, which is still more than -43 % below the last cycle high. Featured image from iStock, chart from TradingView.com

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SUI Preparing For Another Leg Up Is $5 The Next Target?

After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrencys next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally. Related Reading: Solana Rejected From Key Inflection Point, But Multi-Year Trend Suggests New Highs SUI Party On Pause SUI has seen an impressive 120% recovery from Aprils $1.76 low, reclaiming the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token unlock, rallying to a fourth-month high of $4.29 last Monday. However, SUI has retraced 10% from last weeks high, hovering between the $3.60-$4.10 price range. Trader Froggy pointed out that the cryptocurrency is approaching the significant $4.00 resistance, which it has been unable to hold for seven days. Breaking above this level will set the stage for a strong move up, he explained, adding, This could be the trigger that breaks the range and opens up the next leg higher. Meanwhile, Rekt Capital recently highlighted that SUI has built a re-accumulation range, between $3.39 and $3.78, like it did in late 2024. At the time, the cryptocurrency consolidated around this ranges upper boundary for weeks before Weekly Closing above this level and retesting it as support to confirm a breakout towards a new ATH. This time, SUI closed above the $3.78 mark two weeks ago and confirmed it as support last Sunday after closing the week at $3.94, which could suggest that a breakout to a new high is coming. SUIs Rally To $5.00 Loading? Sjuul from AltCryptoGems considers that SUIs consolidation is loading the cryptocurrencys next leg up, resembling its previous performance. According to the analyst, the altcoin is consolidating within a short-term bull flag and preparing for a breakout, like it did twice in the past month. Similarly, AltCryptoTalk affirmed that SUI is overall bullish according to its recent all-time high (ATH) performance and advised investors not to let the recent pullback fool them, if it holds the $3.30 support. The analyst noted that the cryptocurrencys latest ATH breakout saw a four-stage rally, with an initial big impulse and correction, and three smaller impulses followed by corrections. Based on this, SUI is likely preparing for the second smaller impulse, as it registered a bigger breakout in late April and a smaller rally in early May. However, he warned that the smaller impulse after a bigger one is usually a sign of weakness. Related Reading: Bitcoin Price Nears Record Highs: Are We Headed For A $120,000 Breakout For its next jump, the altcoin must break through the ranges upper boundary, around the $4.00 mark, before continuing its rally. If history repeats, SUI could reach the $5.00 mark in the coming weeks, I’m waiting for this high or a new high to be formed and then to expect another bigger bullish wave, the analyst concluded. As of this writing, SUI trades at $3.84, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Running Out Of Time? Analyst Says New ATH May Not Come This Cycle

As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new all-time high (ATH) this cycle. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years Report Ethereum Closes April In Red Over the past week, Ethereum has attempted to reclaim the $1,800 mark, hovering between the $1,770-$1,820 price range. In the past 24 hours, the cryptocurrency has seen a 5.5% jump, breaking above the key resistance and last weeks high of $1,850. Amid this price action, ETH retested the $1,860-$1,870 range for the first time in one month, and closed April just 1.56% below in opening price. Nonetheless, Ethereums negative monthly close marked the fifth consecutive month in the red for the cryptocurrency. The king of Altcoins has been recording monthly negative returns since December, its worst-performing streak since 2018, and closed the first quarter of 2025 with a 45.4% retracement. Analyst Carl Runefelt noted this performance, noting that the good news is that historically, May is the most positive month of the year for ETH. In general, it has been one of the best-performing months for Ethereum, registering an average 27.31% increase in May. Additionally, the second quarter has been a positive period for cryptocurrency, closing Q2 in the green seven out of nine times. Despite its negative April close, Ethereum registers a mild 2.15% positive return this quarter so far, which could suggest that the cryptocurrency could continue its current performance if history repeats. Another market watcher considers that ETHs price is displaying a similar performance to Bitcoins (BTC) 2020 rally. At the time, Bitcoin consolidated at $8K Most ignored it. Then it hit $64K. According to Merlijn The Trader, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading. However, this would suggest another pullback could come before a new ATH. ETH To Skip ATH Rally This Cycle? Meanwhile, analyst Crypto Bullet offered a not-so-bullish macro perspective. According to his post, the Ethereum mid-term correction is over after taking out the August-October 2023 lows, printing a giant reversal candle, and holding the mid-line of the multi-year descending Channel. Based on this, he argues that ETHs bottom is in, and a significant mid-term bounce will likely occur in the next few months, with a first target of $2,500. Crypto Bullet noted that the surge could be either a Dead Cat bounce or the start of a new ATH rally, adding that it could be the former due to the cryptocurrencys weak performance and how advanced the cycle is. In that case, Ethereum could face a potential rejection at the $2,700-$3,000 range, but a bullish rally could start if it breaks through the $3,000 resistance and breaks out of the multi-year channel. Related Reading: Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level However, he also suggested that Ethereum could be in a bigger cycle than we all think, resembling cryptocurrencies in a one cycle behind performance. In a previous analysis, Crypto Bullet discussed the potential of ETH not hitting an ATH this cycle, noting XRPs performance in 2021. So what if ETH cycle top is in and it’s gonna print a giant Accumulation Structure (a Triangle or a Zigzag) and break out of it, say, in 2028? he questioned, concluding that investors would accumulate more energy for a breakout, and the targets would be significantly higher. Featured Image from Unsplash.com, Chart from TradingView.com

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Stellar (XLM) Breakout Eyes 30% Rally Will It Repeat Last Cycles Playbook?

After breaking out of its five-month downtrend, an analyst suggests a repeat of Stellar (XLM)s last cycle playbook could be on the horizon. The cryptocurrency has confirmed its breakdown from a bullish reversal pattern and eyes a surge toward new targets Related Reading: Ethereum Jumps To $2,000 Amid Market Surge Analyst Says This Resistance Is Next Stellar Breakout Targets $0.39 Amid the market pump, Stellar has broken out of a key demand zone and retested the $0.30 mark for the first time since March. The cryptocurrency has been in a downtrend since its November 2024 breakout, when it reached a three-year high of $0.63. During this years retraces, XLM dropped 68% from the highs to a five-month low of $0.20. However, the late-April market recovery saw the cryptocurrency surge above the downtrend and attempt to confirm the breakout after recording a weekly close above the $0.28 mark. On Friday, Stellar has reclaimed the $0.29 resistance and retested the $0.30 mark for the first time in nearly two months. Following todays performance, Ali Martinez pointed out that Stellar is breaking out of a two-month inverse head and Shoulder pattern. This pattern is a bullish reversal setup that suggests a potential shift from a downtrend to an uptrend. Earlier this week, the analyst pointed out that the patterns right shoulder was forming and the neckline sat around the $0.29 mark. According to his post, a breakout from this formation potentially eyed a 30% rally toward the $0.39 resistance, lost during the February retraces. XLM To Repeat Historical Tendencies? Analyst Rekt Capital highlighted that the cryptocurrency confirmed the end of its multi-month downtrend and a breakout from its Downtrending Channel. Per the post, if XLM weekly closes above its key area, between $0.27-$0.29, any dips into this zone would figure as a successful reclaim of the area as support to support a move to higher regions. The analyst explained that reclaiming the $0.27-$0.29 area is crucial because it is a historical demand region on the monthly timeframe. In the past, turning this zone into support during bull markets has enabled Stellar to rally toward the $0.37-$0.40 mark. In 2021, the cryptocurrency rallied toward its cycle high of $0.80 after retesting the key demand zone and breaking out of the $0.37 barrier. Similarly, it hit its all-time high (ATH) of $0.87 after a breakout from this area. Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 If XLM repeats history and rallies to the next resistance, it must reclaim and confirm that level to continue with its historical tendencies. As such, a reclaim could see XLM challenge the $0.52 blue highs over time, Rekt Capital concluded. Meanwhile, analyst CW has noted that after breaking the upper line of the downtrend channel, Stellar would encounter resistance in two selling walls, one between the $0.34-$0.38 levels, and a big one around the $0.47-$0.70 zone. As of this writing, Stellar trades at $0.296, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid Suspicious $330 Million BTC Transfer Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOLs next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the next support level below at around $136, which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a textbook-perfect cup and handle pattern, which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solanas short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4, based on its utility and demand. It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand, he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level a strong hold. He highlighted that Solanas uptrend is only getting started after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum (ETH) Near A Breakout? Analyst Says It Could Soar Another 28% By May

Ethereum (ETH) experienced a significant recovery over the past week after jumping over 10% to the $1,800 resistance. The cryptocurrencys momentum has seen it reclaim key levels, which could ignite a 28% rally continuation in the following weeks. Related Reading: SUI Eyes $4 Amid 56% Weekly Surge Here Are The Levels To Watch Ethereum Reclaims First Horizontal Level In Months Over the past week, Ethereums price has jumped around 14% to retest crucial support levels. Amid the market recovery, the cryptocurrency reclaimed the $1,600-$1,650 zone at the start of the week, holding a historical demand area as support. According to analyst Rekt Capital, ETH is holding the bottom of its historical demand zone, between $1,650 and $1,950, after its recent performance, repeating history also by wicking briefly below it. Since losing its $2,196-$39,00 Macro Range, the cryptocurrency has traded within this range, upside wicking to the regions top and turning it into resistance, and downside wicking below the bottom to turn it into support, like in 2023. According to the analyst, Ethereum needs to keep holding here. If this price stability here can be sustained… There is a chance to repeat its mid-2023 performance, where the token bounced from this region and hit its early 2024 high of $4,093. Meanwhile, Daan Crypto Trades noted that ETH has flipped a horizontal level back into support. The analyst pointed out that since closing above the $1,750 mark for the past three days, the King of Altcoins has shown a change in market dynamics. Notably, Ethereum has not been able to reclaim previous horizontal levels for months, getting rejected and making new lows instead. Daan asserted that the $1,750-$2,100 price range is crucial to continue ETHs bullish momentum. ETH On The Verge Of Breaking Out Amid this performance, ETH is nearing a breakout from its multi-month downtrend. The cryptocurrency has been in a downtrend since hitting its cycle high of $4,107 in early December, retracing over 56% since then. However, Ethereum is attempting to break from the descending resistance again amid its retest of the $1,800 barrier. Analyst Crypto Caesar affirmed that ETH is on the verge of breaking out. We really just need that higher high Analyst Ted Pillows considers that a 28% jump by next month could be possible if the cryptocurrency reclaims this crucial short-term resistance. He pointed out that the $1,800-$1,850 zone is the next level to break before the $2,000 barrier, noting an inverse head and shoulders pattern on ETHs chart. Related Reading: All Bets Off If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection If ETH manages to break above it, it could rally towards $2.2K-$2.3K in May, he concluded. Another analyst previously suggested that Ethereum wont start a new rally until it reclaims the $2,330 barrier, where over 60 million addresses have purchased the cryptocurrency. As of this writing, Ethereum trades at $1,795, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Polkadot (DOT) Analysis: Will Wave 2 Lead to a Rally Above $11.27?

Polkadot (DOT) is in a critical state, but the support levels look quite firm on lower time frames. The cryptocurrency is yet at the early stages of wave 2, which suggests an upward movement. The price action has now completed five waves so far up, implying that despite the rally, there could still be resistance […]

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Incoming MATIC Surge: Analyst Predicts $15 Price Target

Digital asset analyst with X handle Crypto Patel has recently shared a bullish prediction on MATIC price movement in the coming weeks. This forecast comes amidst MATICs poor performance in the last seven days, during which it lost 6.68% of its market value, based on data from CoinMarketCap.  The Polygon native token had been one of the best-performing assets in 2024 rising by over 76.38% between January to March. However, the altcoin has now recorded a 22.83% decline over the last two weeks, drawing much concern over its future price movement.  Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning? $1.20 Price Level Critical For MATIC Price Surge, Analyst Says In a post on X on March 23, Crypto Patel presented a bullish case for MATIC despite the tokens current downtrend, naming the forecast the MATIC BULL RUN ROADMAP. Firstly, the analyst stated that a MATIC bullish pennant was being formed. For context, the bullish pennant represents a price pattern that typically follows a string of upward movement in price (the flagpole) followed by a period of consolidation (pennant). $MATIC BULL RUN ROADMAP 1 #MATIC Forming Bullish Pennant In HTF 2 2021 Bull Run: Did 100x in Last bull Market After Bull Flag Breakout 3 If MATIC/USDT Break $1.20 Level in HTF then Ready for $10-$15 Target 4 I am Bullish in #POLYGON for Long Run 5 If Market Crash then pic.twitter.com/FJEvGiHd4U Crypto Patel (@CryptoPatel) March 23, 2024 A bullish pennant is characterized by converging trendlines, which indicates the continuation of the previous uptrend once the price breaks out of consolidation. Importantly, Crypto Patel emphasized that MATICs bullish pennant was being formed on a higher time frame (HTF), such as the weekly chart.  Following historical trends, the complete formation of the bullish pennant could result in Polygon native asset experiencing a 100x price increase in the highly anticipated crypto bull run, as observed in 2021. However, with a focus on short-term targets, Crypto Patel has stated that MATIC reaching the $1.20 price zone on the HTF could trigger a surge to a range of $10-$15, representing a potential 1500% gain on the assets current price.  Albeit, in the advent of an unexpected crash, the crypto analyst expects MATIC could be significantly affected but should find support around the $0.60-$0.70 price zone.  Related Reading: Buy High, Sell Low: FOMO Made This Crypto Trader Lose 6,039 SOL MATIC Price Overview At the time of writing, MATIC trades around $0.9817 with a 1.30% gain in the last 24 hours. Meanwhile, the tokens daily trading volume has declined by 31.82% and is valued at $291.65 million. With a market cap value of $9.7 billion, MATIC is ranked the 16th largest cryptocurrency and one of the worlds most prominent digital assets. MATIC trading at $0.9771 on the daily chart | Source: MATICUSDT chart on Tradingview.com Featured image from Freepik, chart from Tradingview

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Chainlink (LINK) Among Top Gainers With 11% Daily Surge, Is A Rebound To $24 Coming?

After losing a key support level earlier this week, Chainlink (LINK) has surged 24% from the recent lows to lead Fridays crypto market. Some analysts suggested that a rebound could be around the corner as whales continue to bet on the cryptocurrency. Related Reading: Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities Recovery Ahead? Chainlink Recovers Critical Support On Friday, Chainlink surged over 10% to turn the $14 resistance into support again. The cryptocurrency lost this crucial level on Monday following the recent crypto market crash, which saw Bitcoin (BTC) fall to its lowest price in months. During the correction, LINK dropped to a four-month low at $11.71, retesting its post-election breakout levels for the first time since late November. Over the past three days, the token hovered between the $12.5-$13.5 price zone, failing to break above the ranges upper boundary and retest the $14 mark until today. Its worth noting that this level has been a critical support during LINKs past rallies, serving as a key breakout and bounce point in the previous cycle, Q1 2024s high, and the post-US election pump. Moreover, whenever this level has been lost, it has led to long accumulation periods for the cryptocurrency. After todays surge, LINK has reached a high of $14.71 before retracing to the $14.4-$14.5 price range over the past few hours. Crypto analyst Ali Martinez noted that holding its current level could set the stage for a rebound to $24. As Martinez has pointed out, Chainlink has been in an ascending parallel channel since July 2023, moving between the patterns upper and lower boundary over the last year and a half.  LINK surged to the channels upper trendline every time it retested the lower zone before dropping back, repeating the cycle. Based on this, the recent recovery of the parallel channels lower range could send the cryptocurrency to the mid-zone of the pattern before a climb to the upper boundary.  A Spike in buying pressure at the current levels can help Chainlink rebound to the upper boundary at $45, the analyst explained. Is LINK Poised For A Reversal? Notably, whales had bought over 3 million LINK in five days, Martinez pointed out on Tuesday, and online reports revealed that an address has continued to purchase Chainlink during the rest of the week. Lookonchain recently reported that a large-scale address has spent 12.1 million USDC to buy 863,174 LINK at $14, holding a total of 1.07 million tokens, valued at $15.53 million. Additionally, the address has a long position on LINK, worth $31 million. Analyst AMCrypto Alex pointed out that LINK remained in its long-term uptrend channel despite Tuesdays low. However, he considers there is a high chance that the token will retest the $10 mark before the bottom formation. Related Reading: Solana (SOL) Retests Crucial Support Level Is A 50% Price Drop On The Horizon? Meanwhile, trader Crypto Rand suggested that Chainlink is ready to bounce as LINK marines are getting ready for the bull reversal. The market watcher pointed out the cryptocurrency has been forming a falling wedge pattern since the start of 2025, and the $14 support recovery is pushing for the breakout. A breakout from the patterns upper trendline, which is around the $14.5 mark, could propel the tokens price to a 30% surge near the $20 barrier. As of this writing, LINK is trading at $14.51, an 11.6% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Breaches 12-Year Support Line Against Gold Is The Bull Run Over?

As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break past the $84,000 resistance – gold (XAU) continues its impressive rally, soaring to a record high of $3,000 per ounce on March 14. Bitcoin Gets Outshined By Gold 2025 has started on a shaky note for the worlds largest cryptocurrency. BTC is down over 10% year-to-date (YTD), falling from approximately $94,000 on January 1 to around $84,000 at the time of writing. On the flip side, gold has surged nearly 13% in the same period. Related Reading: Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says Market analyst Northstar shared the following chart on X yesterday, illustrating the BTC-to-gold ratio over the past 12 years. According to the chart, BTC is beginning to break below a critical support line that has held strong for more than a decade. If Bitcoin sustains price action below this support line for several weeks or months, it could signal the end of the current crypto bull run. BTCs underperformance against gold is also evident in the contrasting capital flows into BTC and gold exchange-traded funds (ETFs). According to data from the World Gold Council, US-based spot gold ETFs have attracted inflows exceeding $6 billion YTD. Globally, spot gold ETFs have seen more than $23 billion in inflows. Meanwhile, data from SoSoValue indicates that US-based spot BTC ETFs have experienced nearly $1.5 billion in net outflows YTD. This sharp contrast in capital movement reflects a shift in investor strategy from risk-on to risk-off assets. Several factors may explain investors’ growing aversion to risk-on assets, including US President Donald Trumps new trade tariffs, the US Federal Reserves (Fed) hawkish monetary policy, and the recent stock market rout. Is The Crypto Bull Run Over? BTCs underperformance relative to gold casts doubt on the longevity of the current crypto bull market. The total crypto market cap has shed over $600 billion since the start of the year, now standing at approximately $2.8 trillion. Related Reading: Bitcoin To Bottom Around $70,000? Arthur Hayes Says Correction Very Normal In A Bull Market Renowned gold advocate Peter Schiff argues that BTC has already been in a bear market for the past three years. In an X post, Schiff stated: One Bitcoin now buys 27.7 ounces of gold. At its peak in 2021, one Bitcoin bought 36.3 ounces of gold. That means that in terms of gold, which is real money, the price of Bitcoin has fallen by 24%. So Bitcoin has been in a stealth bear market for the past three and a half years. That said, positive macroeconomic developments could still turn the tide in BTCs favor. For example, US inflation appears to be cooling, which may pressure the Fed to pivot toward quantitative easing and boost market liquidity –  a potential boon for risk-on assets. Likewise, a breakdown in the US dollar index could reignite optimism for assets like stocks and cryptocurrencies. At press time, BTC trades at $84,902, up 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com

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Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities Recovery Ahead?

Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrencys rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Related Reading: Solana (SOL) Retests Crucial Support Level Is A 50% Price Drop On The Horizon? Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on Sunday, Bitcoin has failed to reclaim this level. The flagship crypto has retraced over 11% in the past week, briefly falling to a 4-month low of $76,600 on Monday. Since then, BTCs price has hovered between the $80,000-$84,000 range, failing to break above the ranges upper zone for the past four days. Crypto analyst Jelle noted that this resistance level has been a key level throughout the first half of March. Notably, the $84,000 mark served as an important bounce level during the start-of-month price pump and correction, and reclaiming it will make all the difference for how the rest of the month goes. Bitcoin has attempted to regain this level in the past 24 hours, climbing to $83,900 on Thursday morning. To the analyst, a reclaim of $84,000 could propel the price back to the post-election breakout range, and things would get real interesting. Ali Martinez pointed out that the biggest supply barrier for Bitcoin sits at the $95,000 range, where 1.2 million investors purchased 726,000 BTC. He also noted that the largest cryptocurrency by market capitalization is consolidating within an ascending triangle, which could lead to a 9% surge to the $90,000 mark if it breaks out above $84,000. Nonetheless, BTC failed to reclaim this key resistance and retraced to the $80,000 support zone. Jelle warned that bulls need to defend the current area, or this could cascade towards the high seventies once more. Is BTCs Cycle Top Or Bottom In? Ted Pillows suggested that BTC is poised for another leg up as its price action resembles previous performances. He highlighted that Bitcoin has held its ascending support trendline like in 2017 and 2020, which shows that the cycle isnt over yet. Based on this historical price performance, the analyst considers that the cryptocurrency could retest the $72,000-$74,000 support before a local bottom is in. After that, there’ll be some consolidation followed by the next leg up, he explained. Trader Titan of Crypto pointed at a potential reversal as BTC is showing signs of bottoming on the weekly chart with the Relative Strength Index (RSI) as support, an Oversold Stochastic RSI bullish crossover, and price at the lower Bollinger Band. He also noted that BTCs price action resembles 2020s market structure before a major breakout. Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 Whats Next For ETH? Meanwhile, analyst Nebraskangooner affirmed that Bitcoin has been historically predictable, which suggests that its weekly close range will be key for the next move. According to the post, if BTC closes the week below $67,250, it would potentially indicate the market has already hit the top, as it would become a distribution range. The analyst explained that the cryptocurrency has respected the distribution, accumulation, and instant reversal levels in every BTC bear market. If Bitcoin remains historically predictable, the cryptocurrency could fall to levels not seen since late 2023 and early 2024. As of this writing, BTC trades at $80,810, a 3.4% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana (SOL) Retests Crucial Support Level Is A 50% Price Drop On The Horizon?

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low. Related Reading: Solana Falls Under Realized Price: Heres What Happened Last Time Solana Loses Key Support Level Solana has been one of the leading cryptocurrencies of the cycle, fueled by the markets memecoin frenzy. The altcoin climbed over 270% in a year to its latest all-time high (ATH) of $270, registered nearly two months ago. Nonetheless, SOLs bullish sentiment has significantly decreased since January, recently plummeting to its lowest point in over a year. As a result, the cryptocurrency has dropped over 50% from its January 19 ATH. Solana lost the key $200-$220 support zone at the start of last month, with the February market crashes sending SOL to retest its next crucial levels. After losing the $180 mark two weeks ago, its price hovered between the $130-$150 range, surging to the $179 mark at the start of March. This weeks market correction, which saw Bitcoin (BTC) drop to $76,000 for the first time in four months, has sent Solana to new monthly lows. On Tuesday, SOLs price briefly dropped to $111, a level not seen since the August 2024 market crash, before bouncing back to $125. Amid the ongoing retest, pseudonym trader Crypto Busy warned that SOL must hold this crucial support to maintain a bullish sentiment above $100. Crypto analyst Ali Martinez previously noted that the most crucial zone for Solana appears to be between $110 and $125, as this horizontal level served as a key support during its 2021 and 2024 rallies. The analyst suggested that holding above this range could be key for the next move. SOL Price Risks Move To $60 Martinez also pointed out that Solana could be on the verge of a breakdown, as it has broken below its key level. According to the post, SOL risks a 50% crash to the $60 mark if it fails to hold the $125 support zone. The analyst highlighted that the cryptocurrency has been forming a right angle ascending broadening pattern since March 2024, when it first reclaimed the level during this cycle. During this period, every higher high on Solanas chart has created a rising trendline at the top of the pattern, while the $125 support has held as a strong horizontal support trendline. Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 Whats Next For ETH? However, SOLs break below this horizontal zone has increased the odds of a 50% price correction to the Q4 2023 levels. Additionally, Martinez recently warned of a potential correction based on Solanas trading pair against Bitcoin, which started to resemble ETH/BTCs chart. The analyst suggested that the SOL/BTC chart was looking like Ethereums trading pair against BTCs past price action, adding that if it continued to follow this pattern, the SOL/BTC chart could see a drop to the 0.0008 region. After the recent price action, the trading pair hit a 15-month low of 0.0014624 on Tuesday. As of this writing, Solana trades at $124, a 14% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Crypto Bull Run Isnt OverIts Just Changing, Says Analyst

In a period marked by extraordinary polarization, market participants find themselves torn between two opposing camps: one steadfastly predicting that the current dip is merely a setup for an impending altcoin rally, and the other resolute that the broader crypto bull run has already reached its conclusion. In a post on X, Koroush Khaneghah, Founder of Zero Complexity Trading, stated, Right now is the most divided timeline Ive ever seen. Bulls believe this is the last dip before an Altseason. Bears think bull run is over. According to Khaneghah, Its becoming more challenging to predict cycle stages as crypto matures. He highlights developments that did not appear in previous cycles, including a shift from a traditional altseason to a memecoin season, Ethereum (ETH) still not breaking its all-time highs, and Bitcoin (BTC) surpassing its ATH and moving beyond $100K+ (an outcome absent in earlier cycles) Two Scenarios For Crypto 1. This Cycle Is Different From Others Khaneghah points to growing institutional involvementan element noticeably absent in earlier bull markets. He cites data suggesting that BlackRock is currently holding nearly $52 billion worth of BTC (via Arkham). In his view, this significantly boosts the long-term buy pressure for Bitcoin, leading to potentially shallower pullbacks since institutions will keep buying. Related Reading: Economic Turmoil: Crypto Market Loses 25% Of Value As Recession Worries Mount Because of heightened institutional interest, Khaneghah expects BTC dominance to continue rising. This dynamic could change how capital rotates into altcoins: In this cycle, altcoins have seen Capital Dispersion. Meaning, more assets are in the market and liquidity is spread across multiple sectors, stopping any ONE sector from pumping hard. He contrasts the memecoin market with DeFi. In the previous cycle, the memecoin market was roughly half the size of DeFi. In this cycle, memecoin market capitalization has equaled that of DeFi. If this scenario holds, Khaneghah believes BTC will remain the focal point for major moves while altcoins experience more fragmented, micro bull runs. This means previous bull run playbooks wont apply and you simply have to trade rotations, he notes. 2. The Bull Run Is Not Over Khaneghah observes that BTC has only run 1.6x above the previous cycle highs before pulling back, calling it not what a normal blow-off top/bubble looks like. From a historical standpoint, BTC has frequently retraced by 40-50% from its ATH prior to surging higher. In the current cycle, BTC has only retraced about 26% from its peak, suggesting the possibility of more upside if past patterns repeat. A common bull-run trigger, according to many analysts, is ETH surpassing its prior cycle highsomething yet to occur, given that ETH has not yet breached $4,000. Khaneghah posits that this lag might indicate a delayed altseason and a much longer overall cycle than expected. Related Reading: White House Summit: Trump Reaffirms Commitment To Making America The Crypto Capital For altcoins to regain momentum, Khaneghah sees the ETH/BTC pair as a critical indicator. A bottom in ETH/BTC, combined with a rotation of capital from memecoins into other utility sectors such as DeFi and RWA (Real World Assets), could reignite altcoin rallies. Khaneghah concludes that traders need not be fixated on either the bull or bear side: If you’re a trader, you don’t have to marry a bias or commit to scenario 1 or 2. If BTC dominance continues, trade BTC by longing strength and shorting weakness. -If alts start to bottom, shift capital there and buy the strongest coins. At press time, BTC traded at $81,786. Featured image created with DALL.E, chart from TradingView.com

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A Bad Week to Bet Against Crypto - Traders Shorting the Market Hit with OVER $500 MILLION in Losses...

This week was brutal for those betting the crypto market would continue to drop lower, as they were instead met with a surprise bull run leading to the most liquidations of short positions in over a year.

In the case of Bitcoin (BTC) which rose from $17,500 at this time last week, to over $21,000+ at the time of publishing, truly punished those who bet against it. 

Short trader losses for BTC reached levels not seen since Aug 2021.

Total Lost by those Shorting the Crypto Market this Week Totals OVER $500 Million...

Ethereum has been the most shorted coin with 49% of liquidations coming from ETH shorts, Bitcoin was the second most popular coin responsible for 29% of the liquidations, with the remaining liquidations spread among altcoins that also went along for the ride up.

One thing is clear from looking at these stats - a lot of people were caught off guard!

The Question on Everyone's Mind - Where Do We Go From Here?

There's a split among analysts who predict that prices will continue to rise, and others who believe prices are soon heading back down... so, that doesn't help much.

Both sides have valid reasoning behind their predictions, it's up to you to decide which feels right.

Those who believe that bitcoin will continue to rise point to the fact that the cryptocurrency has bounced off lows of approximately $16,000 on five different occasions over the last three months. This is seen as proof that "we've found the bottom" - many investors were standing by, waiting to see what the bottom would be - now that they have an answer, expect more to take positions as prices remain low.

Others believe that these gains are only temporary. They point to the general economic uncertainty that can be found in most industries, in most countries - and top concern, inflation, far from resolved.

Make Smart Moves: 

There's 2 strategies dominating in communities of experienced traders.

Those who agree$16,000 is indeed 'bottom' will likely agree with the strategy shared by one trader "Anything within $10k of that is an automatic buy - so if the price is $26,000 or less I'm accumulating."

If you're not convinced that we've seen the worst of it, you'll probably agree with what another trader shared, saying "I still believe a drop to $10-12k is possible before the next real, sustained bull run.  So I'm going to keep my DCA strategy running" - DCA stands for Dollar Cost Averaging, this method involves investing a set amount each week no matter what the price is. If it goes down from here, you still have funds to buy the dip.  If the price continues to go up, you at least bought some near the recent low.

Share your thoughts:
Do you believe recent gains will hold? Tweet us at @TheCryptoPress 

---
Author: Mark Pippen
London News Desk 
Breaking Crypto News 

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Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'

Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.

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Animals in the Crypto Investing Market

Here are some crypto investing slangs you need to know - animals of the crypto zoo: Bearwhale, Unicorn, Rabbits, Turtles

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A Brief Overview of Crypto Whale, Bull, and Bear

Crypto whale, bear, and bull — this article provides an overview of the most popular animal terms in the crypto market

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Are You Prepared For The Longest Crypto Bull Run In History?

Bears are waiting for the “inevitable” capitulation before starting the next crypto bull run. But what if the dip never comes? Covered: Is It Hibernation Time For The Bears? Crypto Capo Lengthen Your Time Preference hear me out for a sec, what if, no pullback — Ansem ?? (@blknoiz06) March 29, 2022 Bitcoin and the […]

The post Are You Prepared For The Longest Crypto Bull Run In History? appeared first on CryptosRus.

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Bitcoin Finds Price Stability: Reclaiming $101,000 Depends On This Level

Bitcoin (BTC) continues to move within its one-week range after recovering from its recent drop to $91,000 but has failed to reclaim support above the $98,000 mark. Some analysts consider that BTCs sentiment will remain neutral while it regains this support zone and builds up momentum toward a new high. Related Reading: Ethereum Holds Bounce Or Die Level: Rebound To $4,000 Could Be Near Bitcoin Price Stability Could Lead To $101K Reclaim Following the start-of-February market correction, Bitcoin has been moving within the $96,000-$99,000 price range. The flagship cryptocurrency has recovered from its momentary fall to $91,000 and found support within its one-week range, only dropping 2% during this Sundays market retrace. The largest cryptocurrency has been hovering between $90,000 and $108,000 since the US Elections pump, moving in the mid-zone of its four-month price range for most of this period. Crypto analyst Rekt Capital pointed out Bitcoins positive performance, as it continues to enjoy price stability above a diagonal trendline support, a previous one-month downtrend line, broken during the latest all-time high (ATH) breakout. Since the DeepSeek-triggered correction, Bitcoin recorded price advances that have been quickly getting canceled out, as evidenced by the recent upside wicks. However, BTCs price continued to hold the diagonal trendline as support over the week, which is necessary to build further momentum. According to the analyst, As long as it continues to hold, the price will be positioned for a revisit of $101k over time. After its most recent price action, BTC needs to reclaim the $97,700 mark to build on this reversal with additional follow-through. To achieve this, the flagship cryptocurrency must print a daily close above this level and reclaim it as support to build on its momentum toward the $101,000 resistance. BTC Remain Bullish in Higher Timeframes Daan Crypto Trades highlighted BTCs range hasnt changed, as it continues to move sideways while many altcoins have been losing ground. According to the X post, Bitcoin is consolidating while attempting a breakout on the lower timeframes. If the flagship crypto reclaims the highs from last weeks initial bounce, above the $100,000 barrier, BTCs market structure will flip around. Daan stated BTCs momentum is pretty neutral in the short term while bullish in the higher timeframes. Additionally, he pointed out that risk on sentiment will return once Bitcoin goes back into price discovery. According to Rekt Capital, BTCs Second Price Discovery Uptrend should come in the next few weeks, as the cryptocurrency is trying to trend reverse out of its 1st Price Discovery Correction, which started in December. Related Reading: Can Bitcoin Hold $97K? 1-3 Month Holders Data Reveals Crucial BTC Demand Bitcoin has historically begun its second leg up around the 16th week of its Post-Halving Parabolic Phase, suggesting Bitcoin could start its next run to new highs soon. Moreover, February has also been a historically positive month for the flagship crypto. Several analysts have pointed out that BTCs post-halving year performance has generally been favorable during Q1, generally struggling throughout the first few weeks of the year but gaining momentum throughout February and March. As of this writing, Bitcoin trades at $96,091, a 1.2% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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