Из жизни альткоинов
If Dogecoin Breaks Through This Sell Wall, Expect A Pump
The Dogecoin (DOGE) price has been in a prolonged downtrend for months, basically mirroring Bitcoin’s decline and showing no signs of a sustained recovery or uptrend. However, a crypto analyst has suggested that this might change soon. The analyst has identified a critical sell wall on the Dogecoin chart that, if broken, could trigger a major trend shift and provide enough momentum for the meme coin to pump higher.
Dogecoin Could Rally If Sell Wall BreaksCrypto market analyst CW has highlighted a major sell wall around the $0.09 that could determine Dogecoin’s next bullish move. In an X post on Wednesday, the analyst noted that Dogecoin is already preparing to break through this key area, as its price tests $0.09 and holds this support level firmly.
According to the analyst, if DOGE can push past this current support zone with strength, there may be no other resistance level strong enough to hold the meme coin until around $1.12. This means that CW expects the DOGE price to rise quickly toward this new high, representing a staggering increase of more than 1,144% from $0.09.
The market expert noted that this price surge could come with a bullish trend reversal, likely confirming the end of Dogecoin’s prolonged downtrend. Notably, the analyst’s chart shows that the meme coin has been trading sideways within a descending channel since its price surge in September 2025.
After rallying above the $0.25 area, Dogecoin has moved downward, previously crashing to this same critical support zone around $0.09 during the devastating October 2025 liquidation event. Although the meme coin rose back to normal levels, it remained range-bound inside this descending channel. With price showing strong breakout signals, CW has stated that once Dogecoin rises above this channel, its next major uptrend could begin in days.
DOGE Breakdown Remains The Less Likely ScenarioIn a separate X post, market analyst Osemka shared a price chart showing Dogecoin hovering around $0.09. He noted that the meme coin is currently trading in a tight range, with the price stuck between support and resistance. According to him, this behavior cannot last forever, suggesting that the DOGE price could soon make a strong move either upward or downward to break the critical area.
Based on his chart analysis, Osemka appears cautiously bullish on Dogecoin. He said it would be a “little miracle” for Dogecoin to break downward, suggesting the more likely scenario is a strong rise above $0.09 soon. If this happens, it could completely invalidate DOGE’s bearish outlook and possibly trigger its next trend shift to the upside.
As of now, the market is cautiously watching as DOGE trades around $0.091 at the time of writing, still trapped below both the Exponential Moving Average (EMA) and the descending channel.
Bitcoin Cannot Rally While Miners Are Bleeding. Discover How Long the Bleeding Lasts
Bitcoin is struggling to hold above $70,000. Days of trying to defend $65,000 have given way to a fragile recovery that the market does not yet trust. A top CryptoQuant analyst has identified the structural reason why — and it has nothing to do with sentiment, ETF flows, or macroeconomic headlines.
The culprit is in the mining data. A CryptoQuant analysis examining the relationship between Miner Selling Power and Bitcoin’s price has identified a decoupling that began in the second half of 2025 and has been widening ever since. Historically, the two indicators moved in correlation — when Bitcoin price rose, miners’ selling power declined as profitability improved, and vice versa. That relationship has broken down entirely.
What the chart now shows is a divergence that runs in the wrong direction: Miner Selling Power is sharply rising while Bitcoin’s price falls. The miners who are supposed to benefit from a recovery are instead increasing their selling activity into weakness. That is not profit-taking. That is survival.
The connection to the stagnant hashrate data is direct and confirming. Miners are not expanding. They are not holding. They are selling — not because the market is giving them a reason to, but because the alternative is shutting down.
This Is Not Capitulation. It Is Something More DangerousThe report’s conclusion reframes what is happening in the mining industry in a way that changes how the current Bitcoin market should be read. The word capitulation implies a single event — a moment of peak pain where the last forced sellers exit simultaneously, clearing the market and establishing a floor. What the Miner Selling Power data describes is not that. It is a continuous, sustained, survival-driven unloading that has no defined endpoint because its trigger is not sentiment — it is the ongoing gap between operating costs and revenue.
Miners facing a harsh profitability winter do not sell because they have lost conviction in Bitcoin. They sell because electricity bills, hardware maintenance, and facility costs arrive on a schedule that the Bitcoin price does not respect. Every week that production costs exceed mining revenue is another week of forced selling — regardless of where price stands, regardless of what the chart suggests, regardless of what the broader market is doing.
That persistence is what makes the current overhead so structurally significant. It is not a wall of supply waiting for the right price to clear. It is a drip of forced selling that the market must absorb continuously before any sustained upside can develop.
The analyst’s forward position is stated without ambiguity: upside potential remains limited until these survival-driven sell-offs are fully absorbed. Until that absorption is confirmed in the data, the conservative perspective is not caution — it is the only analytically defensible posture available.
Bitcoin Stalls Below Resistance as Downtrend PersistsBitcoin is trading near $66,800, continuing to consolidate after the sharp February breakdown that disrupted its prior bullish structure. The chart shows a clear shift in trend, with price moving from a series of higher highs into a pattern of lower highs and lower lows, confirming sustained bearish pressure.
Following the capitulation event — marked by a significant spike in volume — BTC entered a range between approximately $62,000 and $72,000. Since then, price action has remained contained within this zone, but with a noticeable bias toward the lower end, suggesting weakening demand.
The 50-day and 100-day moving averages are both trending downward above price, acting as dynamic resistance and limiting any recovery attempts. The 200-day moving average remains far above current levels, reinforcing the broader structural shift from expansion to correction.
Recent rallies toward the $70,000–$72,000 region have consistently failed, producing lower highs and indicating that sellers are still active on strength. Volume has declined during consolidation, pointing to reduced participation and a lack of strong conviction from buyers.
Unless Bitcoin can reclaim key moving averages and break above range resistance with strength, the current structure favors continued consolidation or a potential move lower toward support.
Featured image from ChatGPT, chart from TradingView.com
Bitcoin Institutional Demand Overtakes BTC Mining Output – Here Are The Figures
Bitcoin demand is taking a crucial turn in a market hampered by ongoing negative macroeconomic and political events across the globe. A recent report has outlined an increasing interest and demand for the leading cryptocurrency asset among large companies, which has now significantly exceeded those produced by miners in the market.
More Bitcoin Is Absorbed Than Being MinedWhile price direction has been uncertain and unstable for the past few weeks, a growing imbalance is starting to take shape in the Bitcoin market. This imbalance focuses on institutions’ interests in BTC compared to new coins being mined.
On the X platform, a crypto investor known as AltCryptoGems has shared that institutional demand for BTC is rising at a substantial rate despite current unfavorable market conditions. Currently, public companies are scooping up more BTC faster than the rate at which miners are producing new coins.
As it continues to expand, this dynamic is strengthening the scarcity narrative of the flagship asset and reducing the amount of liquidity that is available. Such an imbalance could play a crucial role or act as a catalyst for the asset’s next price move. When large institutions accumulate, it is typically a clear sign of conviction in the asset’s long-term prospects.
The recently concluded month of March saw a wave of accumulation from these big public firms. In the month alone, the expert revealed that these companies collectively added over 47,000 BTC valued at approximately $3.14 billion at current price levels, to their balance sheets. Leading the charge is Michael Saylor’s Strategy, amassing over 44,377 BTC out of the net acquisition.
When compared to the prior month, this is significantly higher, as it saw over 29,590 BTC being scooped up by public institutions. This shows that institutional interest and demand in BTC nearly doubled within a monthly period. As for Bitcoin mining, only 13,950 BTC were mined during the same period, indicating that demand is currently clouding new supply into the market.
BTC Exchange Balance Is Drying Up Pretty FastDespite persistent sideways price action and ongoing volatility, the underlying sentiment toward Bitcoin is turning quite bullish. Investors on cryptocurrency exchanges are steadily taking out their BTC from these platforms. Market expert Leon Waidmann reported that BTC balance on cryptocurrency exchanges is not sitting at its lowest level since 2018.
After a period of steady withdrawals, the total supply of BTC left on exchanges is only 14.6%. From 2019 to 2022, the balance dropped to the 16% to 18% range, and then gradually continued bleeding throughout 2022. Now, 8 years later, the percentage has dropped to 14.6% as of April 2026.
Ethereum, the second-largest cryptocurrency asset, has also witnessed a similar trend, with balances on exchanges now sitting at 11%, its lowest level in years. Both leading assets are at historic lows at the same time, making this period a crucial one for the market as it could notably shift sentiment.
Charles Schwab To Offer Direct Bitcoin, Ethereum Trading With ‘Schwab Crypto’ Account
Charles Schwab is preparing to offer clients direct access to cryptocurrencies, joining a growing group of traditional financial institutions that have moved into digital-asset services.
The firm plans to roll out “Schwab Crypto” through its Premier Bank platform, enabling eligible customers to buy and sell Bitcoin (BTC) and Ethereum (ETH) directly, according to disclosures on the company’s website.
Charles Schwab’s New Crypto ServiceCharles Schwab’s announcement makes clear that the new offering will not be open to everyone. The firm says not all applicants will qualify, and accounts will be available in every US state except New York and Louisiana.
Company leadership has signaled a cautious, phased approach to the launch. CEO Rick Wurster told investors last month that Schwab will initially support only Bitcoin and Ethereum and is “extremely confident” in the technical work required to integrate crypto trading into its systems.
Charles Schwab’s CEO also described a staged rollout: the exchange will first test the platform internally with employees, then open access to a limited group of customers, and only after that offer the service broadly to its investor base.
Launch Date And Fees Still UnknownUntil now, Charles Schwab investors seeking crypto exposure have had to rely on alternative products available through the broker. The firm already provides access to crypto exchange-traded products (ETPs), crypto-related equities, Bitcoin futures, and listed options tied to spot Bitcoin ETPs.
Schwab Crypto would, if launched as described, mark a move into direct custody-and-trading services for the two largest digital assets. A few details remain unsettled. Schwab has not yet disclosed the exact launch date or the final fee structure for Schwab Crypto.
Those decisions could be influenced by recent market conditions: falling prices in the cryptocurrency market may prompt the firm to delay its public rollout until conditions stabilize or until its testing phases are complete.
Featured image from OpenArt, chart from TradingView.com
Google’s Documentation Talks About XRP And You Won’t Believe What It Says
Crypto pundit Cryptoinsight has pointed to Google’s latest research on quantum computing, which discussed XRP. The report specifically highlighted the XRP Ledger and the network’s efforts to protect against quantum threats.
Google’s Latest Quantum Research Report Discusses XRPIn an X post, Cryptoinsight highlighted Google’s research report, which discussed XRP and the XRPL’s quantum efforts. He also noted that Google’s claim that 2/3 of the short-dated U.S. treasury bills are on the Ledger, while the majority of the remaining are on the Ethereum network.
In the quantum report, Google noted that the Ledger is among the networks conducting experimental and test deployments of post-quantum cryptography (PQC). The Ledger recently deployed post-quantum ML-DSA signatures on the testnet. The report also recognized how this was key as the Ledger provides “extensive support” for RWA tokenization.
RWA.xyz data shows that the XRP Ledger currently ranks 8th in terms of RWA tokenization, with a total tokenized value of $1.9 billion. The network boasts an RWA count of 289. Google noted that networks like the XRPL, which provide protocol-level support for RWA tokenization, introduce new quantum vulnerabilities not present in Bitcoin and its derivatives.
This is based on the account model and smart contracts that networks like the Ledger employ to support tokenization. Google indicated that this quantum risk will become more prevalent. This is because of financial developments, such as fiat-backed stablecoins and the tokenization of other RWAs, which are projected to significantly increase the pool of assets governed by smart contracts by 2030.
Another Quantum Risk For The Ledger And Other NetworksGoogle noted that the XRP Ledger is among the protocols that make long-term exposure of quantum-vulnerable public keys inevitable. However, Ledger has an edge as Google noted that the network, alongside Algorand and TRON, supports native, protocol-level key rotation. The research report added that modern Ethereum, Solana, and Rootstock accounts are controlled by smart wallets and support key rotation, but that legacy accounts remain a lingering vulnerability.
Google stated that the technical and social complexities of switching blockchains to post-quantum signature schemes indicate that the process will take years. However, they noted that this move cannot be delayed until the exact timeline and feasibility of constructing Cryptographically Relevant Quantum Computers (CRQCs) become completely clear.
At the same time, the report noted that the complexities and challenges are feasible to overcome, as networks such as the Ledger, Algorand, and Solana have demonstrated by making “notable progress” in real-world adoption of post-quantum cryptography. The Ledger also recently integrated AI to help identify vulnerabilities in the cycle development.
At the time of writing, the altcoin’s price is trading at around $1.31, up in the last 24 hours, according to data from CoinMarketCap.
Long Or Short? Bitcoin Research Shows What Traders Are Doing Right Now And What It Means
Bitcoin (BTC) traders appear caught between caution and opportunity as Easter approaches and geopolitical tensions from the Iran conflict continue. A fresh analysis report from K33 Research highlights a surge in bearish bets that could signal either deeper trouble ahead or a setup for a sharp rebound once the holiday liquidity reduction eases. The report emphasizes how many traders have moved into short positions at levels rarely seen before, even as Bitcoin holds relatively steady compared to other cryptocurrencies and traditional assets affected by the same tensions and volatility.
Bitcoin Traders Pile Into Shorts Amid Easter CautionVetle Lunde, Head of Research at K33, has highlighted the aggressive caution in Bitcoin derivatives markets right now. Notably, leveraged short exposure through major Bitcoin exchange-traded funds (ETFs) has climbed sharply in recent sessions, reaching the second-highest level on record. This marks a 20% jump in just days, reflecting concentrated selling pressure from institutional and retail investors who are preparing for thinner trading volumes and liquidity during the Easter period.
Lunde noted that such aggressive positioning typically occurs when sentiment turns very defensive, as people become more worried and fearful about current market conditions. He indicated that in the past, when similar behavior occurred, it often came right before the market changed direction, suggesting that this may be a bottoming signal.
In addition to cautious sentiment, Lunde stated that funding rates in perpetual futures contracts have remained negative for more than a month, the longest streak since the brutal bear market in 2022. He suggested that persistent negative funding often indicates that shorts are paying longs to keep their positions open. He noted that this behavior could trigger a short squeeze if prices start rising and short traders rush to buy back their positions to avoid losses.
Lunde also pointed out that the recent behavior of short traders, combined with Bitcoin approaching the Easter holiday at oversold levels, suggests that too many traders are expecting prices to fall. Because so many expect a drop, prices could rise suddenly once the holiday period ends and normal trading activity resumes.
What Easter And Geopolitics Mean For Long Or Shorts BetsIn the report, Lunde noted that Bitcoin has followed a predictable seasonal pattern around Easter for six straight years. During this holiday period, trading volumes drop noticeably and volatility compresses as big trading firms and banks in Europe get quieter or stop trading.
However, the Bitcoin researcher highlights that this year might be different from past periods. He noted that the rising tensions in the Middle East might disrupt the usual quiet Easter trading period. Currently, there is a lot of talk and concern about oil facilities being at risk due to the ongoing conflict. As a result, investors are becoming more cautious even as they decide whether to go long or short.
Based on the recent activities, two possible outcomes could emerge after the holidays. Because many traders are betting on prices falling, any major bad news could cause a sharp drop, especially when trading activity is low. However, when traders become extremely bearish, it often signals that sellers are exhausted and buyers may soon take over, signaling a possible trend shift.
Кого именно Трамп отправляет в каменный век? Крипторынок штормит
Crypto Prediction Markets Face Existential Threat — 3 States Move To Shut Traders Out
Illinois, Arizona and Connecticut are trying to regulate crypto predictions markets, such as Polymarket and Kalshi. The Commodity Futures Trading Commission and the Justice Department are coming to the rescue.
For The First Time, The Scale Moves In Crypto Prediction Markets’ FavorAs contradictory as it may sound, the Trump administration is trying to save crypto prediction markets from the State itself. The coordinated lawsuits the CFTC and the DOJ have filed against the three states argue that only the federal derivatives regulator can police prediction markets.
The @CFTC has clear and longstanding exclusive jurisdiction to regulate prediction markets. But recently, state regulators have tried to impose inconsistent and contrary obligations on CFTC-registered prediction markets. In response, the CFTC and @TheJusticeDept today filed three…
— Mike Selig (@ChairmanSelig) April 2, 2026
The lawsuits go as far as to claim the three states are bypassing the CFTC’s authority by trying to shut down “federally regulated DCMs” (designated contract markets). Regarding Illinois, the federal regulator said the state spent the past year issuing cease‑and‑desist letters to Kalshi, Crypto.com, and Polymarket, which the complaint argues are all under CFTC authority:
Illinois’s attempt to shut down federally regulated DCMs intrudes on the exclusive federal scheme Congress designed to oversee national swaps markets.
Related Reading: Crypto Traders On Edge As Korea Stalls Key Law — Is The “Kimchi Premium” At Risk Next?
Put simply, Washington says prediction markets are federally regulated derivatives. States insist, however, that prediction markets are just unlicensed gambling products harming local consumers.
CFTC Chairman Michael Selig explained that this is not the first time states “have tried to impose consistent and contrary obligations on market participants”. Just this past month, a bipartisan Senate bill targeting sports‑style bets on platforms like Polymarket and Kalshi was introduced by Senators Adam Schiff (D-CA) and John Curtis (R-UT).
Also on March, democratic representative Seth Moulton of Massachusetts (MA-06) formally banned all his staff from participating in prediction markets. That same day, Congressman Adrian Smith (R-NE-03) and Congresswoman Nikki Budzinski (D-IL-13) from Nebraska introduced the PREDICT Act, banning members of Congress from trading on political and policy outcome markets.
These are the first lawsuits by the CFTC to block state gaming regulators from policing operators of prediction markets, according to Reuters. The outlet also highlighted the fact that all the defendants are Democrats.
Market ImplicationsThe CFTC’s lawsuits build on its recent push to assert “exclusive jurisdiction” over event contracts, including sports and politics, reversing the Biden‑era move that tried to ban broad categories of prediction markets.
Prediction markets are morphing into an information layer and hedging tool for traders, with liquidity increasingly coming from crypto‑native capital and exchange integrations.
A federal win would likely centralize rule‑making at the CFTC, potentially clearing a single regulatory path for crypto prediction platforms, but also tightening surveillance and enforcement. Conversely, if states prevail, platforms may face a patchwork of gambling rules that fracture liquidity, push some markets offshore, and raise operational risk premia for traders.
Cover image from Perplexity. BTCUSD chart from Tradingview.
В Международном валютном фонде назвали четыре причины бояться токенизации финансов
Кэти Вуд: Резкие скачки биткоина останутся в прошлом
Is Your Crypto Funding Pyonyang? Inside Solana-Based Drift Protocol $286 Million Exploit
Blockchain analytics firm Elliptic says the $286 million exploit of Solana-based Drift Protocol is most likely linked to the Democratic People’s Republic of Korea (DPRK).
Solana Suffered One Of The Largest Crypto Exploits In HistoryOn April 1st, the DEX Drift Protocol suffered a major exploit that drained almost $300 million dollars in crypto assets from its core vaults. The exchange reported on it on its official X account as it was still undergoing:
Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We’ll provide additional updates from this account as… https://t.co/03SRPq4fHj
— Drift (@DriftProtocol) April 1, 2026
The raid unfolded in under 20 minutes, with roughly $286 million siphoned off across a basket of assets from close to 20 vaults. Drift is the largest decentralized perpetual futures exchange on Solana. This is the biggest crypto exploit seen so far in 2026 and ranks among the largest on record, edging out the $235 million WazirX breach.
Drift’s total value lock (TVL) collapsed from roughly $550 million to under $250 million after the attack. The team’s emergency response consisted of pausing deposits and withdrawals and coordinating with security firms and exchanges.
The protocol shared the details of the incident later on, claiming it was a “a highly sophisticated operation that appears to have involved multi-week preparation and staged execution”. Beyond that, the exchange’s official channels refrained from attributing responsibilities.
Earlier today, a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers.
This was a highly sophisticated operation that appears to have involved…
— Drift (@DriftProtocol) April 2, 2026
Now, the analytics firm Elliptic has released an investigation claiming the on‑chain behavior, laundering methods, and network‑level indicators match the techniques seen in prior DPRK‑linked operations, making this not just another DeFi rug, but a suspected state‑sponsored attack.
The North Korean Hackers Strike AgainLedger CTO Charles Guillement also linked Drift’s attack method to Bybit’s $1.4 billion hack, which was attributed to North Korean hacking groups. NewsBTC’s sister website Bitcoinist reported on this yesterday.
Drift Protocol, one of the leading perpetual DEXs on Solana, has been hacked for approximately $213M. This makes it the biggest hack of 2026 so far, and one of the largest ever on the Solana blockchain, right behind the Wormhole Bridge exploit of 2022.
The full details of the…
— Charles Guillemet (@P3b7_) April 2, 2026
According to Elliptic, the attacker likely compromised Drift’s administrator private keys, gaining privileged control over withdrawals and key parameters. The attack systematically drained three main vaults: JLP Delta Neutral, SOL Super Staking and BTC Super Staking, including a single $41.7 million JLP transfer worth about $155 million.
Elliptic traced the stolen funds and concluded that the attacker created the wallet roughly eight days before the exploit and even received a small test transfer from a Drift vault. This suggests a pre‑planned, staged operation rather than a smash‑and‑grab.
After the exploit was completed, the attacker used Jupiter, a Solana DEX aggregator, to swap the stolen tokens into USDC, bridged funds to Ethereum, and then rotated into ETH and other assets across multiple wallets.
Such cross‑chain laundering patterns, obfuscation methods, and network‑level indicators match techniques seen in prior DPRK‑attributed attacks, Elliptic claims. If officially confirmed, this would be the 18th such operation with over $300 million stolen already.
Confirmed or not, there is no denying that state‑linked actors are systematically targeting liquidity‑rich crypto protocols to fund North Korea’s weapons programs. Let’s not forget that the North Korea‑affiliated Lazarus Group has funneled billions of dollars in stolen money through cryptocurrency networks.
Elliptic has already clustered all attacker‑linked token accounts on Solana and Ethereum so exchanges and protocols can screen against contaminated funds in near real time.
The hack will likely harden scrutiny of Solana DeFi governance, admin key design, and multisig security, even as the ecosystem continues to chase institutional‑grade perps liquidity.
Cover image from Perplexity. SOLUSD chart from Tradingview.
У биткоина появилась новая роль — Binance Research
Ethereum Looks To Bottom Against Bitcoin: What The Charts Are Saying
Ethereum has spent the better part of recent months losing ground to Bitcoin, and this underperformance may now be approaching a turning point, at least according to a new technical outlook shared by crypto analyst CrediBULL Crypto. The technical analysis shows that the ETH/BTC pair is no longer breaking down and is now quietly settling down at a level that has always led to sell-off exhaustion in the pair.
ETH/BTC Holds Range Lows As Selling Pressure FadesThe ETH/BTC 12-hour chart tells a story that has been unfolding since July 2025 and is now nearing a completion. The ETH/BTC chart shows a pair that has spent recent months grinding lower before finally reaching a support zone. As shown in the chart below, the ETH/BTC ratio has been in a sustained decline for the past few years from a peak near 0.0420 in mid-2025, which the analyst labels as wave 5 of a completed five-wave impulse.
The ratio worked its way down through a series of lower highs and lower lows throughout the second half of 2025 and January 2026. However, it has been compressed between February and March into what looks like a macro support zone between approximately 0.02143 and 0.02626.
This support was noted by CrediBULL Crypto as being important in this context, with the analyst pointing out with confidence that the ETH/BTC pair is bottoming here and is in a final stage preceding a true breakout from the current range.
Ethereum/Bitcoin Chart. Source: @CredibleCrypto On X
Reclaim Of Range Could Cause A 20% Outperformance MoveThe Elliott Wave labeling on the chart frames the current structure on the ETH/BTC pair as a (w)-(x)-(y) correction after the previous five-wave impulse that peaked in mid-2025. Wave (w) has played out in full, and the projection is a wave (x) move that should see the Ethereum price going on a 20% move up on the Bitcoin price.
The most important step in this projected move is reclaiming the previous range lows around 0.0308-0.031, which have now flipped into resistance. Failure to reclaim the level would likely delay this scenario, but the current price action has been characterized by repeated attempts to push higher.
Switching to the ETH/USD 30-minute chart, the analyst overlays a Wyckoff Accumulation schematic to the current price action. The Ethereum/USD chart complements the ETH/BTC outlook, showing price trading in a range just above $2,000. This is above a notable support level around the $1,900-$1,950 range, where multiple reactions have occurred.
Ethereum Price Chart. Source: @CredibleCrypto
There’s also a pink resistance zone above, which is around roughly $2,120 to $2,200. CrediBULL Crypto’s projection, illustrated by the green arrows, envisions a brief retest of support below $1,900 before an upside resolution that pushes the ETH price above the pink resistance zone to $2,400 and maybe higher.
Хакеры украли криптовалюту на $168 млн — DefiLlama
Аналитики CryptoQuant: Биткоин-киты меняют поведение
Кошелек экосистемы Cosmos Leap объявил о прекращении работы
Bitcoin Could Print A Three Black Crows Pattern This Quarter, And The Target Is Low
Bitcoin ended the first quarter of the year on a bearish note, and this red quarter carries some implications for the cryptocurrency. Despite the calls for a bottom, it seems that the digital asset might be far from actually reaching a bottom. As the new quarter unfolds, there is also the possibility that the Bitcoin price will end up forming a bearish pattern, and this could mean that the crypto winter could continue for much longer than expected.
Bitcoin’s Bearish Close And Its ImplicationsPseudonymous crypto analyst Ming outlined what the bearish close actually means for the Bitcoin price. According to the post, this move shows that the bears are actually in charge and that the possibility of a lower decline is still very much in play.
Instead, the crypto analyst is looking at the Bitcoin price from the Higher Time Frame (HTF), putting the focus on the structure of the digital asset, as well as key levels that investors need to watch. Taking these in tandem, it could point to where the price is headed next.
The main level, the crypto analyst says, actually lies at around $58,900. This is interesting because the Bitcoin price has yet to hit this low since the decline began, making it an untapped monthly low. Therefore, whether or not the price ends up touching this level would be a great determinant of where Bitcoin is headed next.
What To Expect If Bears Break The LineAs already mentioned above, $58,900 is the next important level for Bitcoin, so it is imperative for bulls to hold above this level while the bears try to pull it down. In the case that the price breaks blow $58,900, then the analyst predicts that further decline are in view.
This is because a break of this level would lead to the formation of the Three Black Crows candlestick pattern. This is historically bearish and would lead to a bearish candle. Following previous performances, it could result in an over 30% decline.
However, in the event that the Bitcoin price does maintain above this level after sweeping it, then it would be bullish for the price. The analyst predicts that the cryptocurrency could end up moving back into the $71,300-$74,400 level as a result. But Minga explains that “There’s liquidity resting there on the LTF so another bearish retest of that area is still very much in play before continuation back to the downside.”
