Feed aggregator

Бывший генеральный директор криптобиржи BitMEX заявил, что биткоин достигнет отметки $1 млн благодаря «глобальному увеличению денежной массы».

Историк Владимир Лизун о сталинском подходе к развитию советской литературы и вкладе молодых советских авторов в формирование человека новой общественно-политической формации #РадиоАВРОРА – это открытая...

Asset management company Volatility Shares has submitted with the United States Securities and Exchange Commission (SEC) an application to list a Solana futures exchange-traded fund (ETF). This strategic move comes after a host of asset managers applied to launch a spot Solana ETF earlier this year.

Will Volatility Shares Increase Odds Of Spot ETF Approval?

In a December 27 post on the X platform, ETF Store president Nate Geraci revealed that Volatility Shares has filed for a futures-based Solana ETF with the US SEC. A futures exchange-traded fund provides publicly traded securities that offer exposure to the price movements of a cryptocurrency futures contract (SOL futures contract, in this scenario).

For context, futures contracts refer to financial derivatives that allow investors to speculate on the future price of an asset without directly owning it. With the Solana futures ETF, Volatility Shares intends to offer products with three different leverage types, including 1x, 2x, and -1x exposure.

The SOL futures ETF with 1x exposure will track the Solana futures price with no leverage, while funds with 2x exposure will provide leveraged exposure and amplify the price movement by 2x. Meanwhile, Solana ETFs with -1x leverage provide inverse exposure, meaning they gain value when the futures contracts decline.

According to Geraci, this Volatility Shares’ application might be significant even for SOL spot exchange-traded funds, considering the asset manager’s role in the approval of Ether futures ETFs. The asset management company pushed the Securities and Exchange Commission to greenlight the crypto products in 2023.

The ETF Store president highlighted that the filing specifically states, “Solana futures contracts that trade only on an exchange registered with the Commodity Futures Trading Commission.”

Bloomberg ETF expert Eric Balchunas also commented on Volatility Shares’ future-based Solana ETF application, stating that it is a welcome development in the crypto space. According to Balchunas, this latest filing bodes well for the success of the spot SOL ETF application.

This is wild. Solana futures ETF filing bf Solana futures even exist! Oh and let’s do a 2x while we’re. Hard core.. and prob good sign SOL futures on way which arguable bodes well for spot odds. And this was supposed to be a quiet week! https://t.co/YiwauQfaji

— Eric Balchunas (@EricBalchunas) December 28, 2024

Solana Price At A Glance

As of this writing, the price of SOL stands at around $195, reflecting a 5.5% increase in the past 24 hours. According to CoinGecko data, SOL’s value has jumped by nearly 6% in the past week.

 

Одна из крупнейших британских криптовалютных кастодиальных компаний Copper Technologies получила лицензию Управления по финансовому рынку Лихтенштейна (FMA).

Аналитики Galaxy Research заявили, что биткоин сможет преодолеть отметку в $150 000 в первом полугодии 2025-го и протестирует уровень $185 000 под конец года.

Аналитики отдела исследований компании Galaxy Digital заявили, что в 2025 году власти США не будут покупать первую криптовалюту, но продолжат изучать ее как потенциальный резервный актив.

Крупный владелец эфира, участвовавший в первичном размещении монет Эфириума (ICO) в 2015 году, переместил часть своих активов после 9,4 лет бездействия, сообщили представители сервиса Lookonchain.

In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $0.00002045. While fluctuations and market uncertainty have swayed many altcoins, SHIB’s ability to stay above this key level signals a growing sense of stability and bullish potential. The support at $0.00002045 has become a critical floor for SHIB, and its continued presence above this price point reflects the strength of buying interest that has been building in recent weeks.

This unwavering support is not just a technical milestone, it also reveals market sentiment is shifting in favor of the bulls. SHIB has weathered the storm of market dips and remains poised for further upside as buyers appear committed to pushing its price higher. 

The altcoin’s steady performance amid the turbulence showcases its capacity for a more sustained rally, suggesting that the market may be on the brink of a bullish breakout. SHIB’s resilience at this level is a promising sign that significant upward movement is on the horizon.

SHIB’s Resilience Amid Market Fluctuations: A Closer Look

Shiba Inu has demonstrated remarkable resilience amidst the turbulence and volatility in the broader cryptocurrency market. Despite periods of market-wide corrections and bearish pressure, SHIB has managed to hold above key support levels, particularly the $0.00002045 threshold. This ability to maintain stability in light of fluctuating market conditions highlights SHIB’s underlying strength and suggests that its bullish momentum may have solid foundations.

The ongoing stability of SHIB’s price at this critical support level is a key indicator that buyers are maintaining control. It reflects a strong belief in the token’s long-term value, as market participants continue to accumulate, even in uncertain times.

Furthermore, the $0.00002045 level has emerged as a psychological and technical barrier with the price staying above it, suggesting that SHIB is not just following broader market trends. However, it is actively attracting confidence from investors.

As SHIB persistently holds above $0.00002045, it builds the foundation for potential upward momentum, with buyers increasingly likely to target higher resistance levels. If Shiba Inu can maintain this position in the coming weeks, it could be poised for further gains, signaling a bullish outlook for the meme coin despite ongoing market fluctuations.

What’s Next For Shiba Inu As It Holds Above $0.00002045?

With SHIB holding steady above the crucial $0.00002045 support level, the long-term outlook remains positive. This resilience suggests that SHIB could be positioning itself for more growth.

If it maintains this price floor, the token may see increased buying interest, leading to a breakout toward the $0.00002631 resistance level and beyond. However, failure to sustain above $0.00002045 could lead to a price decline, possibly testing lower support zones such as $0.00001272.

The Dogecoin price has continued its decline over the past two weeks into the last 24 hours. Particularly, Dogecoin has yet to start a notable momentum above the $0.30 threshold, although it has largely held up above $0.31. Amidst this price decline, the Relative Strength Index (RSI) indicator has relayed a similar decline, which was noted on social media platform X by crypto analyst KrissPax. He points to Dogecoin’s RSI reaching 59, a level associated with bullish potential in the current market cycle.

Dogecoin RSI At 59: Historical Context

According to crypto analyst KrissPax on social media platform X, Dogecoin’s RSI at 59 is a key technical signal. Notably, the technical analysis is based on the Dogecoin weekly timeframe chart. According to the chart, Dogecoin’s weekly RSI has been in a downward trajectory since early December, following a peak above 90.

During this time, the meme coin was under extreme buying pressure, leading to overbought conditions. From here, Dogecoin experienced a sharp decline in the RSI triggered by intense selling pressure from holders, which caused Dogecoin’s price to drop significantly. The correction pushed the RSI below the 70 and 60 levels, reinforcing bearish sentiment during this period.

Interestingly, Dogecoin’s weekly RSI has now stabilized at 59 and has been holding around this level since December 16. While this stabilization might suggest a temporary pause in selling pressure, it could also signify something more significant for Dogecoin’s price trajectory. Historical data shared by KrissPax underscores this possibility.

The last time Dogecoin’s weekly RSI hovered at 59 was on October 29, when the meme coin was priced at approximately $0.15. What followed was a remarkable rally. Dogecoin’s price surged over the subsequent weeks, culminating in a peak of $0.475. 

Bullish Breakout Potential Amid Bearish Sentiment

Dogecoin’s weekly RSI at 59 suggests that Dogecoin could be gearing up for another surge in the coming weeks. As KrissPax speculated, this suggests that the Dogecoin price could break out from here up to $0.6.However, the unpredictable nature of the crypto market also points to the possibility of a retracement after hitting this peak to cause a retest around $0.45 before resuming its upward trajectory.

At the time of writing, Dogecoin is trading at $0.316, and a rally to $0.60 would mark an impressive 90% increase from the current price. Interestingly, Dogecoin has shown resilience at $0.31, bouncing back from this level multiple times over the past 24 hours.

However, it has yet to display the strong upward momentum needed to initiate an upward move. If Dogecoin struggles to surpass $0.316, it risks experiencing another short-term decline. In terms of support, $0.31 and $0.30 are the two major levels to keep an eye on. Resistance levels are around $0.33, $0.35, and $0.40.

According to Galaxy Research, Dogecoin (DOGE) may be on its way to greener pastures and perhaps reach $1 in 2025. The crypto community has been abuzz from this audacious prediction. The potential for a token that began as a joke to reach such a price point is truly remarkable.

A Market Cap Of $100 Billion For DOGE

If the forecast set by the Galaxy Digital Holdings division becomes true, Dogecoin’s market capitalization will sum up to an estimated figure of $100 billion. DOGE is traded at around $0.31, holding a market cap that is roughly close to $46 billion. This indicates that it has to more than double its value within the next year to meet the projected target.

The $1 estimate is not random. Galaxy Research lists a strong community base and increasing mainstream usage as primary forces behind this possible leap. Doubling its worth, however, is no easy task and will probably rely on the performance of the larger bitcoin market.

23 – Dogecoin will finally hit $1, with the world’s largest and oldest memecoin touching $100bn market cap.

However, Dogecoin market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully enact cuts in amounts exceeding Dogecoin’s…

— Galaxy Research (@glxyresearch) December 27, 2024

In Focus: Bitcoin, Ethereum

Galaxy Research isn’t alone in being optimistic about Dogecoin. The company sees Bitcoin (BTC) reaching $150,000 by mid-2025, with a chance to reach $185,000 by the end of the year. Ethereum (ETH) is likely to trade above $5,500, the firm added, citing easing regulatory pressures on decentralized finance and staking.

Such positive trends in these forecasts are predicated on optimism about higher institutional interest and advancements in technology in the crypto space. If indeed these things play out this way, DOGE would ride on the wave of broader market success.

Can Dogecoin Deliver?

There is doubt in spite of the enthusiasm. The markets for cryptocurrencies are infamously erratic and prone to sudden fluctuations. Though ambitious, Galaxy Research’s predictions are still purely theoretical. Investors ought to view these forecasts cautiously and optimistically.

Achieving $1 would require Dogecoin to overcome several hurdles, including market manipulation concerns and evolving regulatory challenges. It would also depend on sustained interest from retail and institutional investors.

The Road Ahead

Dogecoin’s transformation from a meme to a $1 coin perfectly captures the volatility of the cryptocurrency market. It’s unclear if it will achieve this milestone, but the discussion alone demonstrates DOGE’s distinct place in the cryptocurrency market.

Investors are advised to diversify their portfolios and maintain awareness. Despite the allure of the prospective benefits, the world of cryptocurrencies is unstable, and there are numerous hazards. Dogecoin remains an intriguing asset to monitor in the years ahead, regardless of whether it reaches $1.

Featured image from Inside Telecom, chart from TradingView

A crypto analyst has made a bullish prediction about Bitcoin (BTC), revealing the ultimate profit target for investors by 2025. The analyst’s report provides an exact figure and a time range for Bitcoin’s next price top. He advises investors and traders to act swiftly and sell their Bitcoin once it reaches this peak, cautioning against an impending bear market. 

Here’s When To Sell Bitcoin 

Bitcoin is finally nearing the climax of its long-term bullish cycle, with Xanrox, a crypto analyst on TradingView, projecting a market top and the timeline for the crypto bear market. The analyst has mapped Bitcoin’s future price trajectory using the Elliott Wave Theory and Fibonacci extensions.

Currently trading above the $94,000 mark, Bitcoin is predicted to hit a market peak between $115,000 and $125,000 in 2025. The analyst’s chart identifies a five-wave structure in Bitcoin’s current cycle, with Wave 5 already progressing and expected to reach upper resistance levels.

Based on Xanrox’s chart, Bitcoin’s price movement has closely traded along a long-term ascending trendline from 2017 to 2021. The analyst disclosed that this trendline, acting as a resistance, is set to intersect with Bitcoin’s price in the coming months. 

He stressed the importance of this trendline as a sell signal, highlighting that investors should focus on it and set alerts as Bitcoin nears this critical point. The TradingView analyst further declared that once Bitcoin touches the long-term ascending trendline, it is time to sell off and exit the market. 

In addition to the trendline, Xanrox mentioned that the 1.618 Fibonacci extension at $122,068 has become a significant static resistance for Bitcoin. While the analyst has projected a price peak between $110,000 and $125,000 for Bitcoin in 2025, he acknowledges that other prominent analysts will likely project higher and almost impossible price targets for the pioneer cryptocurrency.

He explained that predicting Bitcoin’s price to $200,000 or $300,000 by 2025 was unlikely, citing the cryptocurrency’s already massive market capitalization as a deterrent to these ambitious targets. Xanrox indicated that his prediction of Bitcoin’s ultimate profit target is a long-term analysis that will only be confirmed where the confluence of the ascending trendline and the Fibonacci levels occurs.

For his short-term analysis, the analyst predicts that Bitcoin will surge as high as $125,000. However, this significant increase is expected to come after Bitcoin experiences a massive price crash to new lows of around $85,000. 

Bitcoin Bear Market Prediction

After Bitcoin reaches Xanrox’s projected market peak between $115,000 and $125,000, the analyst predicts that the leading cryptocurrency will enter a prolonged bear market, marking the end of the bull cycle. According to the Elliott Wave Theory, Wave 4 previously served as a liquidity point and crucial support around the $49,000 mark. 

Based on this trend, Xanrox predicted that Bitcoin could retrace to this bearish level, potentially finding support around $50,000 to $60,000 during the bear market. The analyst disclosed that this support level could create an entry point for whales and investors looking to accumulate. He also forecasted that the Bitcoin bear market would likely occur between 2025 and 2026. 

Featured image from Pexels, chart from TradingView

Author of “Rich Dad, Poor Dad” and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the premier cryptocurrency to attain a $350,000 price mark in 2025. This daring prediction comes alongside slamming comments against asset manager BlackRock whom Kiyosaki accuses of trying to manipulate BTC’s price.

BlackRock Selling BTC In Favor Of Market Whales – Kiyosaki

In an X post on December 27, Kiyosaki claimed that BlackRock under the leadership of Larry Fink, is currently offloading large amounts of Bitcoin as he voiced his distrust over the asset manager’s involvement in the BTC market. 

The American author reiterated the views of republican Vivek Ramaswamy, who described Larry Fink as a shareholder capitalist i.e. people who are focused on maximizing returns for shareholders rather than stakeholder capitalists who consider the interest of employees and communities. 

In this regard, Kiyosaki further alleges that BlackRock is deliberately suppressing Bitcoin’s price below $100,000 via sell-off to allow market whales to purchase at lower prices.

Truly, data from Arkham Intelligence shows that BlackRock has recently moved +$203 million BTC to Coinbase Prime over the past two days.  However, it remains to be seen if BlackRock intends to sell these assets or just maintain ownership on a custodial wallet. 

Furthermore, Robert Kiyosaki advises against investing in BTC via BlackRock’s ETF, preaching a mode of direct investment in place.

Ironically, BlackRock boasts of the largest Bitcoin Spot ETF i.e. IBIT with $52.71 billion in net assets. Amidst rumors of a planned BlackRock market offload and BTC’s ongoing price decline, IBIT recorded its largest market outflow ever of $188 million on December 26 according to data from SoSoValue.

Nevertheless, Robert Kiyosaki backs Bitcoin’s robust bullish structure despite BlackRock’s alleged price manipulation antics. The author affirms his conviction to purchase more BTC which he predicts will reach $350,000 per unit in 2025.

Bitcoin Price Overview 

At the time of writing, Bitcoin trades at $94,405 reflecting a loss of 1.88% in the past day. However, its daily trading volume is up by 12.95% and is valued at $51.35 billion. 

According to its daily chart, Bitcoin’s immediate resistance lies at $100,000, overcoming which can propel a return to the $108,000 price region marking a total price recovery for the premier cryptocurrency. Albeit, another rejection at $100,000 will force BTC to retain its current consolidation pattern.

Regardless, Bitcoin continues to rank as the largest digital asset by market cap with total market shares of $1.86 trillion, translating into a crypto market dominance of 56.8%.

Fartcoin is one of the most interesting new digital currencies, seeing as it allows users to submit fart jokes or memes to earn the initial tokens. The coin, which started as a parody, was initially considered even more useless than Dogecoin.

However, that’s no longer the case. Lately, its popularity has surged, pushing its total market value well over $800 million.

Fartcoin’s Past Performance and Future Prediction

After an amazing month in November, many tokens are experiencing a temporary dip in value towards the end of the year. Fartcoin is no different. On December 20, it was priced at $1.23, but just three days later, i.e., on December 23, its value fell to $0.60.

We soon learned there wasn’t any reason for concern because while many major cryptocurrencies such as BTC continued a downward trajectory even in the following 24 hours, Fartcoin managed to climb up to $0.88. Then, on December 26, its price went up by another 37%, defying the overall market trend.

It’s worth noting that the prices are not expected to change much in the last few days of the year. Hopefully, there’ll be upward growth with a maximum expected increase of around 18%.

Next year, i.e., 2025 will probably be the game-changer. In the first three months, the token is expected to witness a growth of 300% to 400%, with the price set to climb above $3.

After that, though, the token value might consolidate for a little while (which is a good thing, by the way) and prices might fall to approximately $2. However, there’s still a long way to go until that happens, so we can’t say anything for sure. All that we know at the moment is that investing in Fartcoin right now is a great way to get amazing returns within the first half of 2025.

Other Meme Coins Worth Investing In

Fartcoin isn’t the only meme coin trending right now. Many others, such as WEPE, FLOCK, and MEMEX, which are currently in presale are also expected to explode next year. This is the best time to invest in the best meme coins because you’ll never find them for a cheaper value than the presale price. So, when the tokens do explode, your overall profit will be much higher than if you were to buy them at launch.

Here’s a quick overview of their expected growth:

1. WEPE: Wall Street Pepe (WEPE) has already managed to raise more than $36 million in its presale. By the end of December, the token is expected to be priced at around $0.00021. Then, next year, its value is expected to increase by 420%, reaching approximately $0.001094.

2. FLOCK: Flockerz (FLOCK), as the name suggests, has the theme of “a flock of birds.” It’s a vote-to-earn platform that lets users earn tokens for sharing their votes. By the end of this year, Flockerz’s value is expected to hit $0.009, and it can jump to $0.19 towards the second half of next year. It’s worth mentioning here that some industry experts are even speculating that FLOCK might be the next 100x coin.

3. MEMEX: Meme Index (MEMEX) is currently on presale and will remain so for the rest of the year. It’s currently valued at $0.01411 and is expected to increase to $0.07 by the end of 2025, which is almost a 400% jump, similar to WEPE.

While the general consensus by experts and market participants is surely positive, we always recommend doing your own research before investing in meme coins such as the above. Also, note that the above isn’t financial advice – just our honest opinion about what looks like great opportunities.

Политик, лидер движения «Гражданская солидарность» Георгий Фёдоров и политический обозреватель ИА «АВРОРА» Фёдор Бирюков обсуждают социально-политические перспективы нового 2025 года #РадиоАВРОРА...

There was a good level of optimism in the crypto market heading into the past week, with many investors speculating on a potential “Xmas Rally” for Bitcoin. While the premier cryptocurrency did make a play for the $100,000 mark on Christmas day, it didn’t take long for the bears to resume control.

It was pretty much the same story for most of the other large-cap assets, including Ethereum, Solana, and the in-form XRP. The recent bearish climate of the crypto market has pushed a cloud of skepticism over the digital asset sector as the historic year 2024 draws to a close.

Why Is Trading Activity Dwindling In The Market?

In its latest post on the X platform, market intelligence firm Santiment shared an interesting insight into the crypto market in the final days of 2024. According to the blockchain company, market trading volume is steadily dropping across various cryptocurrency sectors.

Data from Santiment shows that the trading volume is down by 64% in the past week, with sectors like AI/Big Data and meme coin reaching new weekly lows. This seems like a complete turnaround from a positive market trend considering that the price of Bitcoin only just set a new record high of $108,135 in the previous week.

At the same time, Santiment believes that everyone should have anticipated the downturn of trading volume, especially that of speculative altcoins. “With the holidays here and traders getting their year-end finances in order, the final week of December is often one of the least active times of each year,” the analytics firm explained.

Similarly, a Quicktake analyst with the pseudonym Grizzly mentioned that the Coinbase Premium Index, which tracks the percent difference between Coinbase Pro price (USD pair) and Binance price (USDT pair), has been on a decline due to similar reasons. Grizzly said reduced market participation during the holiday season, alongside limited cash flow, has likely contributed to the price decline.

However, Santiment noted that the crypto market could see at least “one final big unexpected” rally before 2024 ends if whales continue to exhibit their strong accumulation tendency. This market pump could happen even with the current lack of retail attention and participation.

Total Crypto Market Capitalization

As of this writing, the total cryptocurrency market capitalization stands at around $3.43 trillion, reflecting a 2.2% decline in the past 24 hours. With the crypto market cap up by more than 100% year-to-date, there is no question that, regardless of how the year ends, 2024 has been an excellent period for the digital asset sector.

Аналитики компании Matrixport назвали главные угрозы, способные разрушить долгосрочный бычий тренд на рынке биткоина. Одна из них — лимит предложения первой криптовалюты, заявили эксперты.

Bitcoin and the broader cryptocurrency market are grappling with a significant downturn, with the risk of a deeper correction looming. After reaching an all-time high of $108,300, Bitcoin’s momentum appears exhausted, and bearish sentiment has dominated the market. The pullback has left investors cautious, raising concerns about whether BTC can reclaim its bullish trajectory.

Amid this challenging environment, a fascinating trend has emerged. Key metrics reveal that the number of BTC exchange deposits has plummeted to a record low of 30,000—a level not seen since 2016. This sharp decline suggests a notable shift in investor behavior.

Rather than engaging in short-term trading, many BTC holders are adopting a long-term “HODL” (hold on for dear life) strategy. This approach reflects their belief in Bitcoin’s enduring value and potential as a hedge against economic uncertainties. By keeping their coins off exchanges, these investors are also contributing to a reduction in selling pressure, which could help stabilize the market during this correction phase.

While BTC’s immediate price action seems bearish, the reduced exchange activity offers a silver lining, indicating confidence among long-term holders. As the market navigates these volatile times, this shift could play a pivotal role in shaping Bitcoin’s next move.

Changing Bitcoin Dynamics

Bitcoin has faced persistent challenges staying above the $100,000 level since losing this critical psychological mark. The decline has prompted many analysts and investors to predict a deeper correction, potentially driving prices even lower. Despite these concerns, data indicates a strong long-term commitment from BTC investors, suggesting a more optimistic outlook for the asset’s future.

Key metrics shared by renowned analyst Axel Adler on X highlight a significant shift in Bitcoin holder behavior. The number of BTC deposits on exchanges has dropped to a record low of 30,000 per day, a figure not seen since 2016.

This is a stark contrast to the 10-year average of 90,000 daily deposits. Moreover, the cycle’s peak of 125,000 deposits occurred when Bitcoin was trading near $66,000, signaling intense selling pressure at that time.

The current decline in exchange deposits suggests that BTC holders are opting to “HODL” their coins rather than sell them during market fluctuations. This behavior reduces selling pressure, even in the face of potential price drops. It appears that more investors are adopting a long-term perspective, believing in Bitcoin’s value as a store of wealth and hedge against macroeconomic uncertainties.

Price Action: Breakdown Or Breakout?

Bitcoin is trading at $94,400 after repeated attempts to reclaim the $100,000 level fell short, while support at $92,000 continues to hold firm. This price range places BTC at a critical juncture, with its next move likely to determine the direction of the market in the near term.

If Bitcoin loses the $92,000 mark, it risks entering a deeper correction phase, potentially triggering a wave of selling pressure that could drive the price significantly lower. This scenario has many investors and analysts watching closely, as a breakdown below this level could challenge bullish sentiment in the current cycle.

On the other hand, Bitcoin still has the potential to reclaim its upward momentum. A decisive push above the $100,000 mark in the coming days would signal a strong resurgence of bullish control, likely propelling the price to new all-time highs. Such a move would reaffirm Bitcoin’s status as the leading asset in the crypto market and could encourage fresh inflows from investors seeking to capitalize on its upward trajectory.

Featured image from Dall-E, chart from TradingView

Администрация криптовалютной биржи Kraken сообщила клиентам, что 30 декабря вступают в силу требования Регламента Евросоюза к прозрачности криптотранзакций. 

As Bitcoin (BTC) hovers around $92,000 and the critical $100,000 resistance level, the cryptocurrency market is rife with speculation about its next movements. Prominent crypto analyst Ali Martinez recently outlined potential scenarios for BTC’s future, suggesting that a steep correction may be on the horizon.

Crypto Experts Signal Concerns

In recent social media posts highlighted by Martinez, several well-known analysts have indicated that Bitcoin could experience a significant drop. Martinez noted a bearish sentiment within the market, citing that Bitcoin may crash to as low as $60,000. 

Tone Vays, a respected figure in the crypto space, warned that trading below $95,000 is “very, very bad,” as it heightens the probability of a correction toward $73,000. Similarly, Peter Brandt pointed to a potential breakdown of a “broadening triangle,” projecting a retracement toward the $70,000 range.

Adding to the bearish outlook, Mark Newton of Fundstrat suggested that while Bitcoin could eventually reach $250,000 by 2025, a downswing to $60,000 is likely in the near term. 

Meanwhile, another analyst, known as Intocryptoverse, speculated that Bitcoin might mirror the price action of the QQQ index offered by Invesco, with a flash crash potentially coinciding with President-elect Donald Trump’s inauguration day on January 20.

From an on-chain perspective, the analysis indicates that if Bitcoin falls below $93,806, it could face open air down to $70,085, reinforcing the likelihood of a correction. 

Notably, savvy investors seem to be preparing for a bearish scenario; over the past week, more than 33,000 Bitcoin, valued at approximately $3.23 billion, were transferred to exchanges. Additionally, on December 23 alone, over $7.17 billion in profits were realized by traders.

Bitcoin Must Reclaim $100,000 To Avoid Bearish Outlook

Recent data from Binance further shows a notable shift in trader sentiment, with the percentage of traders holding long positions in Bitcoin dropping from 66.73% to 53.60%. This decline reflects a growing caution among investors as Bitcoin recently broke below a significant support zone at $97,300.

For the bearish outlook to be invalidated, Martinez asserts that BTC must reclaim this critical support area and close above $100,000 on a daily basis. If it can achieve and maintain this level, he believes the cryptocurrency could embark on a new upward trajectory, potentially reaching as high as $168,500.

Despite the prevailing bearish sentiment, Martinez also presented a more bullish scenario. He suggested that a correction of 20% to 30% could actually set the stage for a stronger recovery. 

According to his analysis, a 30% drop would see BTC plummet to approximately $65,000 for current trading prices, a level not witnessed since October. This correction could serve to reset market sentiment and provide a foundation for future growth.

At the time of writing, the market’s leading crypto trades at $94,560, posting losses of 2% and 3% on the 24-hour and weekly time frames, respectively. 

Featured image from DALL-E, chart from TradingView.com

Беседа с Николаем Азаровым о налоговом климате Украины, истории формирования налоговой службы и беспринципности киевского режима Ведущая: Мария Тиллерт