What is Bitcoin? You dont know and you cant explain it!

Explaining Bitcoin in a way that is actually understandable to your after person is not a trivial thing, and likely not the most productive way to onboard new users.

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Bitcoin Propped For Major Breakout By September, Analyst Explains Why

Following the Bitcoin halving in April, analysts and investors remain on the edge of their seats in anticipation of a major price breakout by the maiden cryptocurrency. While Bitcoin did rise to $71,443 in the past week, the token soon suffered a retracement falling as low as $66,936.  Interestingly, renowned analyst with X handle Rekt Capital has provided an interesting insight into this recent price movement and also predicted the period BTC may finally embark on a highly-anticipated bullish run.  Related Reading: Bitcoin Price Enters Make Or Break Zone: Analyst Reveals Important Levels To Watch Bitcoin To Consolidate For A Long Time – Analyst In a series of X posts on May 24, Rekt Capital noted that after the halving event, Bitcoin entered the post-halving danger zone, a period during which the token lost about 11% of its value. Following this phase, the most-priced cryptocurrency attempted a breakout which encountered a rejection at the range high zone ($71,500) of the macro re-accumulation range. #BTC Since the Bitcoin Post-Halving “Danger Zone” ended, Bitcoin broke out to $71500 However, ~$71500 is where the Range High resistance of the Macro Re-Accumulation Range is and this is where Bitcoin rejected from The consolidation continues and history suggest it will https://t.co/YjZzimnFj9 pic.twitter.com/JGji7ZYOSe Rekt Capital (@rektcapital) May 24, 2024 For context, this range represents a long-term consolidation phase where Bitcoin accumulates value before potentially breaking out to new highs. Rekt Capital states that Bitcoin being rejected at the $71,500 price region is quite expected as BTC never breaks through the high side of the re-accumulation range on the first attempt after halving.  Based on historical price data, Rekt Capital anticipates Bitcoin will now remain in consolidation for multiple weeks until 160 days after halving before finally experiencing its major price breakout in September. During this time, the premier cryptocurrency is expected to trade between $60,000 and $70,000 which will result in variations in the portfolio valuation for long-term investors.  However, this price consolidation can also present opportunities for these investors to buy Bitcoin near the lower boundary of the range thus consistently accumulating at relatively stable prices. Meanwhile, short-term traders such as swing traders or day traders are likely to capitalize on these expected price fluctuations between an established support and resistance which could result in significant profit. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases Glassnode BTC Price Overview  Bitcoin is currently trading at $68,720, marking a 2.27% gain in the last day, a 2.31% gain over the past week, and a 6.90% increase in the last month. Despite these gains, its daily trading volume has dropped by 45.68%, now valued at $24 billion. BTC is also 6.94% below its all-time high of $73,750. The recent price rise amid declining trading volume suggests cautious investor sentiment, with Bitcoin consolidating within a narrow range as the crypto market leader once again approaches significant resistance levels. Featured image from The Economic Times, chart from Tradingview

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Bitcoiner raises the orange flag on Mount Everest

After weeks of climbing and acclimating to the altitude, Dadvan Yousuf removed the Bitcoin flag from his bag to show it off at the top of the world.

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Bitcoin Déjà Vu: Analyst Identifies Trends Reflecting 2016 Cycle

Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month after the initial analysis, Bitcoin keeps demonstrating how much it closely resembles the cycle of 2016. Similar to 2016, Bitcoin has experienced further declines over the past three weeks following the Halving below the Range Low of its Re-Accumulation Range also known as the Post-Halving Danger Zone The post read: Over a month later Bitcoin continues to prove how it is more similar to the 2016 cycle. Just like in 2016, Bitcoin in this cycle is seeing additional downside below the Range Low of its Re-Accumulation Range in the three-week window after the Halving (i.e. Post-Halving “Danger Zone”). Given that Rekt Capital already addressed the concept of the Post-Halving Danger Zone, the analyst is not shocked by this current price decrease. During the 2016 cycle, about 21 days after the Halving event, BTC saw a lengthy decline of 11% before transitioning toward an upward direction. It is worth noting that Rekt Capital noted that if downside volatility around the Re-Accumulation Range Low is going to happen in this cycle, 2016 history indicates it may happen during the 15 days following the Halving. Since the recent event was concluded about 12 days ago, the expert’s prediction could be realized in the upcoming days. Related Reading: Bitcoin Enters Danger Zone Post-Halving, Analyst Warns Of Potential Downside While the Post-Halving “Danger Zone” ends in 15 days, 2016 data suggests that there may be some negative volatility in the interim, possibly reaching the $60600 Range Low. Drawing attention to previous patterns, Rekt Capital highlighted a similar pattern between the 2016 and 2024 pre-Halving re-accumulation range. After a breakout from the re-accumulation range this year, BTC witnessed a Pre-Halving rally, as was observed in 2016. Pre-Halving Retrace Movement Just like in 2016, once the pre-Halving rally peaked, Bitcoin started its Pre-Halving retrace. Specifically, this occurred roughly 28 days prior to the Halving event in both 2016 and 2024. Related Reading: Analyst Warns Of Bitcoin Pre-Halving Retrace Echoing Troubling 2020 Trend A negative wick on the weekly candle indicates a significant reaction in the first week of the pre-Halving Retrace in 2016. However, this reaction was fleeting and came before an extended price decline. This cycle likewise saw a strong early reaction from Bitcoin via a downward wick, but there are indications that this reaction might not have lasted long. Thus, to avoid a fate similar to that of 2016, Rekt Capital believes that BTC will need to maintain highs around $60,000 and beyond. Featured image from iStock, chart from Tradingview.com

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XRP Price Confirms Bullish Reversal Setup With This Demand Zone

A new technical analysis reveals that the XRP price has just confirmed a bullish reversal set-up on the 1-hour chart, following a strong rebound from a critical demand zone. This development has raised expectations of a potential short-term rally, as a crypto analyst forecasts higher targets in the coming sessions.  XRP Price Bullish Reversal In Sight FrankFx14, a pseudonymous TradingView crypto analyst, has revealed that the XRP price has found solid footing between the $2.31246 and $2.37028 support area. The analyst also identified this range as a historically significant demand zone where previous buying pressure has consistently reversed price declines.   Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing As XRPs price dipped into this demand zone on May 17, bulls stepped in, defending the lower boundary and triggering a sharp rejection. According to the analyst, the confirmation came with a bullish engulfing candle a widely recognized signal for a potential trend reversal.  Trading at approximately $2.378 at the time of the chart analysis, XRP is now holding the top of this key demand zone, indicating renewed buying interest. The TradingView analyst has suggested that as long as the price remains above $2.37028, XRPs bullish outlook remains intact.  According to the TradingView expert, the presence of XRPs bullish reversal setup is supported by the LuxAlgo Supply and the Demand Visible Range indicator. With XRPs price action breaking upward from its local bottom, the analyst points to $2.4939 as the next key level to watch. This price marks the mid-level of a previous supply zone and a likely resistance area. The next bullish target for XRP is $2.6031. The analyst has described this point as a major supply zone where sellers previously gained control. These price zones are now considered primary targets for short-term traders positioning for potential upside.  FrankFx14 has urged traders to wait for further confirmation, highlighting that strong trading volume and candle closes above the $2.375 level would be the key to validating XRPs bullish continuation.  Analyst Forecasts Mega Rally For The Altcoin XRP has officially broken out of a long-term Falling Wedge pattern, sparking optimism, with analysts like Crypto Avi believing that a mega rally could be on the horizon. According to his chart analysis, the token is now poised for a mid-term surge, targeting new all-time highs around $4.90.  Related Reading: When Will The XRP Price Explode? Timeline Shared By Crypto Pundit Presently trading at $2.29, a surge to this bullish target would represent a significant increase of 114% for the altcoin. The chart illustrates that the cryptocurrency has been trapped in a downward-sloping channel since late 2024, consolidating in a pattern seemingly recognized as bullish. XRP is currently testing the Falling Wedges breakout level, which may now act as support. A sustained move above this level could confirm the analysts bullish thesis, paving the way for a potential climb toward $4.90. Featured image from Getty Images, chart from Tradingview.com

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Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000

Crypto analyst Melika Trader has warned of a volume drop that could trigger a 60% Bitcoin price crash. The analyst provided an in-depth analysis of what this price crash could mean and if it would mark the end of the bull run.  How The Bitcoin Price Could Crash By 60% And Drop To $49,000 In a TradingView post, Melika Trader revealed how the Bitcoin price could crash by 60% and drop to $49,000. The analyst noted that BTC is hanging just above a critical support zone, an area he claimed many traders recognize as the most important support level from a volume perspective on Binance.  Related Reading: Analyst Says Bitcoin Price Has Entered The Ideal Buy Zone, Heres Why His accompanying chart showed that the Bitcoin price could suffer a 60% drop once it loses the former trend line at $75,000. The flagship crypto is also in danger, having lost the critical support at around $83,000. This drop to $49,000 would bring BTC back toward the high-volume range near $30,000.  This provides an ultra-bearish outlook for the Bitcoin price. However, Melika Trader raised a twist, stating that only 20% of traders might actually lose. He noted that, according to Binances volume profile data, the majority of buying activity and position accumulation happened below $35,000.  The analyst further mentioned that most long-term holders and smart money entered during the 2022/2023 accumulation range. The Volume Profile Visible Range (VPVR) is also said to show significant support below the current Bitcoin price, with minimal trading volume at higher levels. Melika Trader remarked that only a minority of traders bought BTC during its late-stage bull run above $70,000.  Meanwhile, the majority of investors are still in profit or break-even, even if the Bitcoin price retraces back to its base. As such, most traders are safe, as BTC risks a drop to as low as $49,000.  Why BTCs Bull Market Is Over CryptoQuants CEO, Ki Young Ju, recently asserted that BTCs bull market is over amid the Bitcoin price decline. He alluded to the Realized Cap metric to explain his confidence that the bull run is over. The CryptoQuant CEO noted that if Realized Cap is growing but Market Cap is stagnant or falling, it means capital is flowing in but prices arent rising.  Related Reading: Why Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within Falling Wedge Ki Young Ju noted that this is a clear bearish signal, and this is what is currently happening. Capital is entering the market right now, but the Bitcoin price isnt responding, which he claims is typical of a bear market. The CryptoQuant CEO explained that even large purchases like MicroStrategys arent pushing prices up because there is too much sell pressure at the moment.  Ki Young Ju again affirmed that current data points to the Bitcoin price being in a bear market. He noted that sell pressure could ease anytime but warned that historically, real reversals take at least six months. As such, the CryptoQuant CEO believes a short-term rally seems unlikely.  At the time of writing, the Bitcoin price is trading at around $77,000, down over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Is Trumps 100-Day Speech the Key to Breaking Bitcoins Price Range?

As President Trump marks his 100th day in office, many are wondering if his speech will have an impact on the Bitcoin market’s current trading range. Bitcoin has been trading within a tight range recently, showing limited volatility. The President’s speeches and tweets have been known to move markets in various sectors, including technology and [...]

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Bitcoin Long-Term Outlook: Analyst Foresees Peak In Late 2025

Following the fourth Bitcoin Halving, Rekt Capital, a popular cryptocurrency trader and expert, has offered a compelling narrative on the future trajectory of Bitcoin, predicting that the crypto asset could peak this bull cycle in the following year. Rekt Capital’s analysis emphasizes on the possibility that this current cycle could reiterate past Halving cycle trends, positioning BTC for significant gains in the coming months. Bitcoin Could Mirror Past Halving Cycle According to the analyst, Bitcoin reached its all-time high within 518 days following the Halving in the 20152017 cycle. Meanwhile, after the event in the 2019-2021 bull cycle, the digital asset topped out within 546 days. This suggests that the event has always catalyzed massive growth for the leading cryptocurrency asset. Related Reading: Legendary Trader Predicts When Bitcoins Bull Run Will End Should the past trend hold, the next bull market top might happen between 518 and 546 days following the recently concluded fourth Halving, particularly around the middle of September or middle of October in 2025, according to Rekt Capital. The analyst noted that in this cycle Bitcoin is accelerating by about 220 days currently. Thus, the longer time BTC consolidates after this Halving, it will be better for resynchronizing this current cycle with the previous events cycle. Rekt Capital also noted that Bitcoin has experienced further declines in the three weeks after the Halving, according to historical data from 2016. He has labeled the period as the Post-Halving “Danger Zone,” this is where there is a chance of downside volatility at the range low of the Re-accumulation Range. In 2016, approximately 21 days after the occurrence, Bitcoin saw a lengthy -11% decline before gaining momentum toward the upside. However, data for 2016 indicates that if there will be downside volatility in this cycle around the Re-Accumulation Range Low, it may happen during the following 15 days. Although the post-Halving danger zone ends in 15 days, the 2016 data indicates that there may be some negative volatility in the interim, possibly reaching the $60,600 Range Low. Parabolic Phase For BTC It is worth noting that Rekt Capital anticipates a parabolic phase after the re-accumulation phase is concluded. During this stage, Bitcoin usually sees massive growth leading all the way up to a new all-time high. Related Reading: Bitcoins Next Move Revealed: Trading Guru Reveals This Cryptic Chart Pattern, Heres What It Says In the previous Halvings, Bitcoin would historically consolidate in this Re-Accumulation Range for up to 150 days before ultimately entering a parabolic phase. Once BTC breaks out of this re-accumulation stage, Rekt Capital expects BTC to see a parabolic upside by September this year if it consolidates within the aforementioned timeframe. At the time of writing, BTC was down by over 5% in the past 7 days and was trading at $62,504. Presently, its market cap is down by 1.53%, while its trading volume has increased by over 22% in the last 24 hours. Featured image from iStock, chart from Tradingview.com

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Bitcoin Advocate TJ Miller Explains Why Celebrities Avoid Orange Pill with the 50-Hour Rule

Bitcoin advocate TJ Miller questions why more Hollywood celebrities are not embracing Bitcoin. With its potential to revolutionize finance, Bitcoin offers a decentralized and secure way to transact without the need for intermediaries. Despite its growing popularity among tech-savvy individuals, celebrities in the entertainment industry have been slow to adopt this digital currency. Miller expresses [...]

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Bitcoin Price Recovery At Stake If This Level Doesnt Hold, Crash Could Erase Gains

Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesnt hold above a particular level. Failure to hold this support level could cause the leading crypto to crash and erase all gains that it has enjoyed this past week.  Bitcoin Price Needs To Hold Above $93,500 To Avoid Another Crash In an X post, Rekt Capital indicated that the Bitcoin price needs to hold above $93,500 to avoid another crash. He remarked that the downside deviation is on the cusp of ending, but BTC now needs to stabilize above this support level of $93,500. The analyst added that ideally, the leading crypto needs a weekly close above this level and reclaim it as new support to resynchronize with the former Reaccumulation range.  Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says The Bitcoin price has already rallied above $93,500 this week as the leading crypto decoupled from stocks, with investors viewing it as a safe haven amid the market uncertainty caused by Donald Trumps tariffs. However, as Rekt Capital suggested, BTC now needs to hold above $93,500 to confirm this breakout and avoid this being another bull trap.  The Bitcoin price is likely to reclaim the $100,000 mark and even reach new highs if it can hold above this crucial support level. Rekt Capitals accompanying chart showed that BTC could rally to as high as $110,000, marking a new all-time high (ATH) for the leading crypto.  Crypto analyst Ezy Bitcoin also predicted that the Bitcoin price could rally to as high as $166,700. He stated that the Wyckoff Re-accumulation phase is playing out beautifully. The analyst further remarked that the structure points toward continued strength with the spring confirmed and price jumping across the creek. Ezy Bitcoin outlined $131,500, $144,900, and $166,700 as the targets if this bullish momentum holds.  BTC Needs One More Leg On The LTF To Confirm Breakout In an X post, crypto analyst CrediBULL Crypto stated that the Bitcoin price needs one more leg on the lower timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are for buying until BTC reaches at least $150,000. His accompanying chart showed that the leading crypto could break above $100,000 again on this next leg up.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 However, if the Bitcoin price doesnt record another leg to the upside and instead corrects below $89,000 first, CrediBULL stated that BTC then ends up with a 3-legged corrective structure. He added that it would mean that market participants have to wait longer for the real breakout.  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 Adobe Stock, chart from Tradingview.com

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Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout

Solana is showing signs of pre-breakout behavior as it consolidates below an important price threshold. According to a new technical analysis shared by RLinda on the TradingView platform, the $136 level is currently a decisive resistance point, and Solanas current trading behavior suggests that a move above this level could ignite a fresh bullish push even as the global market situation is bearish. Solana Finds Stability After False Breakdown The current structure of Solanas price chart reflects a notable recovery after what the analyst described as a false breakdown below the range support zone. This false breakdown refers to the price crash between the last week of March and the first week of April, during which the Solana price briefly broke below $100. Notably, this break below $100 came as an extension of a decline run after a break below a key support range between $115 and $108. Related Reading: Solana Price To Drop To Double Digits? Major Levels To Watch For Entries After briefly dipping below key support, Solana quickly rebounded, and the market responded with renewed buying pressure that sent its price back above $130. However, this push is starting to slow down, with resistance at $136 and a consolidation phase between $130 and $136.  This consolidation range is proving to be an important zone for Solana’s bullish potential going forward, according to RLinda. This behavior is further reinforced by liquidity dynamics. The analyst highlights a liquidity imbalance created by the recent false breakdown, which could favor upward price movement as Solana bulls seek to reclaim the upper zones above $136.  A sustained move above $136 could serve as the initial trigger for a breakout, potentially shifting short-term market sentiment in Solanas favor. If this scenario unfolds, the move would provide technical confirmation of growing strength among buyers. This bullish potential is notable, even as RLinda noted that the global market situation is bearish. Breakout Above $136 Could Unlock Higher Price Targets For Solana Speaking of the bearish global market situation, RLindas analysis categorizes the local Solana setup as neutral, indicating that the price is in a range rather than exhibiting a definitive trend. Crypto market dynamics also lend weight to the bullish outlook for Solana. Bitcoin, the dominant force in the crypto market, is itself undergoing consolidation and has been highly correlated with Solanas movements in recent weeks. Should Solana manage to close and consolidate above $136, the chart opens up to a sequence of local targets, with the $140, $147, and $152 levels becoming the following areas of interest. Related Reading: Ethereum, Solana And Cardano Trend After Crypto Crash Heres What You Should Know At the time of writing, Solana is trading at $ 134.80, up 0.5% in the past 24 hours and 15.6% in the past seven days. Even if the outlook is bullish, minor corrections may still occur as this process unfolds. In such a scenario, the Fibonacci 0.5 retracement, located around $125.28, will provide a cushion for price corrections. As such, any short-term dip from the current price level may be met with strong support and accumulation at the Fib retracement. Other support levels are at $129, $123, and $111. Featured image from Adobe Stock, chart from Tradingview.com

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Ethereum Price Stalls In Tight Range Big Price Move Incoming?

Ethereum is trading at critical levels after enduring weeks of aggressive selling pressure. Since retracing below the key $2,000 mark, the second-largest cryptocurrency has struggled to regain bullish momentum. Currently down 21% from that level, ETH continues to hover near $1,580, reflecting a clear lack of conviction from both buyers and sellers. Related Reading: Solana Turns Bullish On 8H Chart Break Above $147 Could Confirm New Trend The market has entered a period of extreme indecision. According to top analyst Daan, Ethereums price has remained notably compressed, barely moving over the past two days. This type of consolidation often precedes sharp price action in either direction, and traders are watching closely for signs of a breakout or breakdown. Macroeconomic uncertainty continues to influence investor sentiment, with global trade tensions and monetary policy concerns keeping pressure on risk assets like Ethereum. For now, bulls must reclaim the $1,850 resistance zone to confirm a trend reversal, while a drop below $1,500 could open the door to deeper losses. As volatility builds in the background, the current compression could be the calm before a stormsetting the stage for Ethereums next decisive move. Will it break out to the upside, or is more downside in store? Ethereum Compression Signals Breakout As Macro Pressure Builds Ethereum is facing a critical test as it trades at compressed levels following weeks of sustained selling pressure. The broader crypto market remains under pressure as global tensions escalate. US President Donald Trump’s trade war with China continues to shape macroeconomic sentiment, leaving investors cautious across all high-risk asset classes. Despite last weeks announcement of a 90-day tariff pause for all countries except China, uncertainty remains. The unresolved status of US-China trade relations continues to weigh on markets and is one of the primary factors driving hesitation in price movement. For Ethereum, this has translated into extremely low volatility and a stalled price structure. Daan shared insights suggesting that Ethereums price has been extremely compressed and has not shown meaningful movement for the better part of two days. According to Daan, this type of compression usually precedes a significant breakoutthough the direction of that move remains unknown. Investors and traders alike are closely monitoring this setup, as compressed price action typically leads to large, momentum-driven shifts. With broader macro risks still in play, Ethereums next move could define the short-term trend and set the tone for the market in the weeks ahead. Related Reading: Ethereum Whales Offload 143,000 ETH In One Week More Selling Ahead? ETH Bulls Aim To Regain Control Ethereum is trading at $1,590 after several days of sideways price action, hovering between support at $1,550 and resistance near $1,700. Despite holding above the lower end of this range, ETH has struggled to generate the momentum needed to break out and confirm a short-term recovery. For bulls to establish a stronger position, ETH must push above the 4-hour 200-day moving average (MA) and exponential moving average (EMA), both of which continue to act as dynamic resistance. A breakout above these indicators could trigger renewed interest from traders and signal the beginning of a recovery phase. However, the true test lies at the $2,000 levela major psychological and technical resistance zone. Reclaiming this level would mark a shift in market sentiment and open the door to higher targets. Related Reading: Solana Retests Bearish Breakout Zone $65 Target Still In Play? On the downside, failure to gain ground above the current range and a drop below $1,550 could quickly drag ETH below $1,500, increasing the risk of a deeper correction. For now, Ethereum remains in a consolidation phase, and the next decisive move will likely dictate whether bulls regain control or if sellers push prices into lower demand zones. Featured image from Dall-E, chart from TradingView

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Bitcoin Investors Taking Advantage of Dip at Range Lows, Waiting for $90K to Become Support

Bitcoin enthusiasts are cautiously optimistic as buyers start to show interest in purchasing at lower price levels. However, many remain hesitant to fully commit until Bitcoin can establish strong support at the $90,000 price point. The recent dip in Bitcoin’s price has presented an opportunity for savvy investors to enter the market at a discount, [...]

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Analyst predicts Bitcoins volatile price range to persist, no longer just a one-sided gamble

Bitcoin’s price performance has been within a certain range, according to a forecast from a crypto analyst. The analyst predicts that Bitcoin could potentially see a breakout above this range in the near future. The cryptocurrency market has seen some stability in recent weeks, with Bitcoin trading within a specific price range. This movement has [...]

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Bitcoin Halving RoadMap: Analyst Outlines 3 Phases For Market Dynamics

Bitcoin is now hovering around the $70,000 threshold after a notable recovery it witnessed a few days ago. Due to the recent momentum, crypto enthusiasts are becoming less pessimistic about the digital asset’s growth prior to the halving event. With the fast approaching much-anticipated Bitcoin Halving, Rekt Capital, a well-recognized cryptocurrency analyst and aficionado, has offered his market insights mapping out three distinct stages of the event for investors. 3 Distinct Aspects Of The Bitcoin Halving Rekt Capital’s analysis delves into Bitcoin‘s movement before and after the halving takes place, which is expected to happen this month. In the seven days leading up to the occurrence, the crypto analyst underscored three stages to observe for a successful outcome. Related Reading: Bitcoin To $150,000 Is Programmed With Halving Approaching: Analyst These three phases include the final pre-halving retrace, the re-accumulation phase, and the parabolic uptrend phase. Emphasizing on the first aspect, Rekt Capital noted that the pre-halving retrace is documented in the books and has already manifested. During this period, Bitcoin experienced an 18% pullback compared to 2016 and 2020’s retracement of 38% and 19%, respectively. The expert believes that the concluded pre-halving Retrace was the last chance to purchase a deal during the pre-halving phase. Following the conclusion of the retrace, Rekt Capital has confirmed the development has laid the groundwork for the Re-accumulation range. It is important to note that the aforementioned range occurs a few weeks ahead of the halving, and it ends with a breakout from it a few weeks later. Specifically, the period could last for several weeks and up to 150 days or five months. Given the manifestation of the range, sideways movement through the halving and beyond is the major purpose of BTC. Thus, the analyst has stressed the need to be patient around this phase, as many investors get frustrated, bored, and disappointed here because their Bitcoin investments lack significant returns. As a result, they lose confidence and get shaken out of the market before the event. BTC’s Post-Halving Rally Might Mirror Previous Trend As for the parabolic uptrend, Rekt Capital claims the phase will begin when Bitcoin breaks out from the re-accumulation range. He further stated that the price of BTC tends to grow more quickly and enters a parabolic upsurge during this stage. Related Reading: Bitcoin To Go Ballistic After Halving, Says Top Analyst Heres Why According to the expert, this area has typically lasted about a year or a little more, particularly around 385 days in the past. However, with the possible accelerated cycle that is currently in development, the period could be halved within this bull market cycle. Rekt Capital’s key perspectives came amidst Bitcoin demonstrating strength to revisit its current all-time high of $73,000. BTC has managed to amass gains of more than 6% in the past few days. It recovered to the $70,000 level after plunging as low as $67,000 on Wednesday and is getting close to $71,000. At the time of writing, BTC was trading at $70,854, indicating over 6% increase in the past week. Its market capitalization is up by 1% and its trading volume has plummeted by more than 21% over the past day. Given the current trend in the coin market, BTC could be in a position to see even bigger gains in the months to come. Featured image from iStock, chart from Tradingview.com

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Crypto Analyst Optimistic About A Shiba Inu Short-Term Surge To $0.000066

Shiba Inu (SHIB) has displayed immense momentum lately standing out as one of the best-performing meme coins in light of the general optimism that took over the cryptocurrency market in the last week. Shiba Inu To $0.000066 Could Be Possible In A Short Time With the price of Shiba Inu rallying in the past few days, the crypto asset has garnered significant attention from investors as several experts predict a rise to new yearly highs. Related Reading: Shiba Inu Lead Dev Co-Signs Prediction That Would Send SHIB To $100 Billion In the same vein, cryptocurrency analyst and investor Rekt Capital has shared his optimistic prediction for Shiba Inu with the crypto community on the social media platform X (formerly Twitter), fueling hope of notable gains in the short term. Rekt Capital’s analysis underlines the digital asset’s potential to soar higher to a level not seen for more than 2 years. The crypto analyst pointed out that SHIB arrived at a resistance he dubbed “Black Resistance,” which it previously rejected. As a result, the meme coin must now “maintain the blue level” indicated in his chart as fresh support in order to create a “new Re-Accumulation Range at the highs possibly.” Due to this, the expert expects Shiba Inu to rise to the $0.000066 price level shortly. The post read: Shiba Inu Reached the black resistance which SHIB rejected from. Now SHIB needs to hold this blue level as new support to potentially develop a new Re-Accumulation Range at the highs. Rekt Capital also highlighted another of his earlier forecasts, in which he projected the coin to reach the aforementioned price mark. At first, Rekt Capital noted that the asset had reached the blue resistance point. Furthermore, he asserted that SHIB has increased by over 300%, since the initial post from November last year. In the post, the analyst claimed that SHIB regained the Orange area’s top as a support. Consequently, SHIB ought to be able to return to the pinnacle of its “black market structure over time.” However, he presently anticipates Shiba Inu to undergo a rally after it concludes its “Macro U-shaped reversal.”  SHIB Anticipated For A Potential Rebound Amid the recent bearish sentiment around the market, Santiment – a crypto analytics platform, has identified SHIB as one of the leading assets that is poised for a potential recovery. Related Reading: Shiba Inu Blasts Into Top 10 Crypto Following 175% Price Surge Data from Santiment shows that SHIB and dogwifhat (WIF) are the major coins expected by traders to undergo a rebound. This comes after the wild day that saw Bitcoin reach a new peak before markets went into a “reset mode.” Santiment has also underscored a “speculative bullishness” for Solana (SOL) lately. This is a result of the speculation surrounding Solana’s potential to reach the $1,000 threshold. SHIB at the time of writing was trading at $0.00003155, indicating a drop of 13% in the past day. Meanwhile, its market cap and trading volume are both down by 13% and 62% respectively. Featured image from Shutterstock, chart from Tradingview.com

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Bitcoin Price Falls Towards Range Lows as Whales Go Wild Latest Data Shows

The Bitcoin price is currently dipping towards its range lows, causing some concern among investors. However, recent data suggests that whales in the cryptocurrency market are actively making large transactions, indicating a potential shift in market dynamics. Despite the price decrease, whale activity remains high, with large holders of Bitcoin moving significant amounts of the [...]

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Bitcoin sellers hover around $88K to $90K range: Is this weeks BTC surge running out of steam?

Bitcoin’s recent rally towards the $90,000 zone has hit a roadblock as sellers emerge in the $88,000 to $90,000 range. This has raised concerns among investors about whether the bullish momentum is starting to wane. After a strong uptrend, Bitcoin faced resistance as it approached the $90,000 mark, leading to a pullback in prices. The [...]

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ETH price poised to reclaim $2.2K macro range as whale accumulation increases

After a period of consolidation, Ethereum (ETH) has managed to reclaim the $2,200 macro range, signaling a potential bullish momentum. This move comes as whale accumulation continues to grow, adding to the positive sentiment surrounding the second-largest cryptocurrency by market capitalization. ETH’s ability to break above the $2,200 level is seen as a significant achievement, [...]

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Bitcoin Price Metric Reaches Key Dollar-Cost Averaging Zone Unseen Since $50K-$70K Trading Range

The price of Bitcoin has reached a critical point, commonly referred to as the dollar-cost averaging (DCA) zone. This zone has not been observed since Bitcoin was trading in the $50,000 to $70,000 range. This development has sparked renewed interest and excitement among investors and analysts. The DCA strategy involves regularly investing a fixed amount [...]

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