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Hong Kong police have broken up a money‑laundering ring that moved 15 million through more than 550 accounts and crypto trades. Twelve suspects, aged 20 to 40, were arrested in operations across mainland China and Hong Kong. They now face charges of conspiracy to commit money laundering, Hong Kong Commercial Daily reported on May 17.

Recruitment Of Shell Account Holders

According to investigators, the group hired people from the mainland to open shell bank accounts. Those recruits received funds from various fraud schemes.

They withdrew cash with different ATM cards, then sent the money to virtual‑asset exchanges. From there, it was converted into digital tokens and mixed into other transactions.

Flat In Mong Kok Used As Base

Based on reports from Chief Inspector Lo Yuen‑shan, the syndicate ran its operations out of a flat in Mong Kok since mid‑2024. Mainland recruits were housed there.

They processed illicit funds through those shell accounts every day. In one raid on that flat, officers found 600,000 HKD in cash and dozens of bank documents.

HONG KONG POLICE BUST $15M CASH & CRYPTO LAUNDERING RING

Hong Kong authorities have dismantled a $15 million laundering syndicate, arresting 12 suspects and seizing hundreds of ATM cards. The group used mainland recruits to open shell accounts tied to illicit funds. Nearly half… pic.twitter.com/mcELDjFe3C

— Crypto Town Hall (@Crypto_TownHall) May 18, 2025

Tailing Leads To Big Seizure

Superintendent Shirley Kwok Ching‑yee said police tailed two key figures from the flat. One went into a bank, and the other used an ATM. Both then headed to a crypto exchange shop in Tsim Sha Tsui. Officers moved in and seized about 770,000 HKD in cash.

Across all raids, they recovered roughly 1.05 million HKD, around 134,000 in other currencies, plus over 560 ATM cards and several phones.

Scope Of The Fraud Cases

Lo added that more than 10 million HKD of the laundered money tied back to 58 separate fraud cases. Fraud‑related crimes in Hong Kong rose by over 12% in 2024, with more than 10,000 people arrested.

Shell account holders made up over 70% of those arrests. Fraud now accounts for nearly half of the city’s 95,000 criminal cases last year.

Calls For Tougher Penalties

Senior Inspector Tse Ka‑lun of the Commercial Crime Bureau said friends and family often lend their bank accounts to criminals. He’s urging judges to hand down stiffer sentences.

Current law allows up to 14 years in jail and a fine of up to 5 million HKD. But in the past two years, more than 100 convicted launderers got extra time—between three and 18 months added.

Featured image from Pexels, chart from TradingView

Полиция Гонконга задержала 12 человек, обвиненных в отмывании денег через криптовалюты и использовании более 500 фиктивных банковских счетов. Через эти счета удалось отмыть 118 млн гонконгских долларов ($15 млн), заявили правоохранители.

The Bitcoin price struggled to keep up its 2024 momentum in the first quarter of 2025, crumbling under the macroeconomic uncertainty in the United States. While the crypto market looked set to continue its woes in early April, prices are looking to reclaim their cycle highs — thanks to the improving market climate.

According to recent price action data, the Bitcoin price has increased by more than 25% so far in this quarter, outperforming most large-cap assets in the same period. Interestingly, the premier cryptocurrency appears to have more room for further upside growth, with its current all-time high price seeming like the next immediate target.

Three Important Levels To Watch This 2nd Quarter

In a May 17 post on the X platform, on-chain analyst Burak Kesmeci evaluated the potential of the Bitcoin price in the remaining weeks of this second quarter. In his latest analysis, the crypto pundit revealed three levels that may be critical to BTC’s price trajectory.

The relevant indicator here is the Golden Multiplier Ratio, which is useful primarily in tracking cyclical price behavior and identifying important price levels. This technical analysis tool applies Fibonacci-based multipliers to the 350-day moving average (350DMA) to identify potential price tops and bottoms.

Kesmeci identified the $127,000 and $159,000 levels as the resistance regions to watch in this bull rally. Specifically, the $127,000 level aligns with the 1.6x multiplier of the 350-day moving average, which served as a mid-cycle top in previous bull runs.

The $159,000 level, on the other hand, correlates with the 2x multiplier of the 350DMA and has historically signaled the cycle tops in the BTC market. However, the Bitcoin price would need to successfully breach the mid-cycle top if there is to be a chance of a rally towards the $159,000 level.

Furthermore, Kesmeci pinpointed the most important support level to watch for the Bitcoin price in the remaining days of the year’s second quarter. Based on the Golden Multiplier Ratio, this cushion lies at $80,000 around the 350-day moving average, where long-term accumulation typically occurs. A fall beneath this support could invalidate the bullish theory currently being held for the price of BTC.

In the end, Kesmeci noted that the Golden Multiplier Ratio is based on moving averages, and, as a result, the highlighted levels are subject to changes as the Bitcoin price moves in the coming days. 

Bitcoin Price At A Glance

As of this writing, the value of BTC is hovering around $103,275, with no significant price movement in the past 24 hours.

Cardano is back in the headlines with fresh price predictions suggesting it could hit $10 by 2031.

Ethereum is surging, Bitcoin is aiming for the $120K mark, and suddenly crypto is alive again.

Market watchers are calling for an altcoin season revival, and early signs are everywhere.

Dogecoin whales are on the move, gobbling up over $1B Dogecoin over the past month, while XRP has staged a sharp V-shaped rally. Together, these events are creating the perfect cocktail for retail FOMO.

The spotlight may be on the big names for now, but smart investors are already looking further down the list – toward the new crypto projects with far more room to run.

Altcoin Season 2.0 Is Here – And the Clues Are All Around Us

Cardano’s long-term potential is encouraging, but the real action might be coming much sooner and from unexpected places.

Ethereum’s recent breakout has reignited bullish momentum across the board. If Bitcoin really is on track to reach $120K, as some analysts suggest, we’re likely heading straight into another altcoin supercycle.

The data backs it up. Whale wallets are snapping up meme coins like Dogecoin again – a typical early sign of renewed retail interest.

Meanwhile, XRP’s sharp price surge hints that risk appetite is back in play. Altcoin season isn’t coming – it’s starting.

And while top-10 coins will no doubt see gains, history tells us the biggest returns often come from smaller, undervalued projects during these windows of market enthusiasm.

From meme-fueled utility to sustainable infrastructure plays, here are three of the best altcoins that could leave Cardano in the dust by the end of 2025.

1. Solaxy ($SOLX) – Powering the Future of Web3

Solaxy ($SOLX) is rewriting the rules of blockchain scalability as the first-ever Layer 2 solution built specifically for Solana.

While Ethereum has long dominated the Layer 2 conversation, Solaxy brings that same performance boost to Solana – only faster and with lower fees.

At its core, Solaxy neutralizes Solana’s biggest pain points: network congestion, failed transactions, and limited scalability. In return, it amplifies the very things that made Solana popular – blazing speed and dirt-cheap fees.

RIght now, you can buy $SOLX for $0.001728. With over $37M raised in presale, $SOLX is gaining serious traction.

It’s a multichain token launching on both Ethereum and Solana, giving it direct access to the two largest ecosystems in crypto. That means more liquidity, more users, and more upside potential.

But Solaxy isn’t just another scaling solution – it’s a bridge to the next generation of DeFi. It connects Ethereum’s massive asset tokenization and DeFi infrastructure with Solana’s high-speed environment.

$SOLX also unlocks meme coin trading for the masses by democratizing access to high-frequency trading tools, leveling the playing field for everyday users.

And in a market heating up with surging meme coins and revived altcoin appetite, Solaxy looks like a perfect storm of utility, access, and timing.

2. Mind of Pepe ($MIND) – Where Memes Meet AI

Mind of Pepe ($MIND) isn’t just riding the meme coin hype – it’s steering the ship with an AI-powered rocket strapped to the back.

At the heart of this project is the first-ever self-evolving, crypto-native AI agent designed to interact directly with the crypto world on platforms like X.

It analyzes trends, generates content, and even influences market conversation. Think of it like a meme-savvy ChatGPT with a mission to make its holders rich.

Already active and engaging users, this AI agent does more than just chat. It offers trading insights, tracks market trends, and delivers exclusive alpha to $MIND holders through token-gated community channels.

It even has the power to launch its own tokens and give early access to holders – a massive edge in today’s fast-paced meme coin environment.

With $9.5M already raised in its presale and the launch just two weeks away, timing couldn’t be better.

The broader AI token market is up 60% this month, and $MIND is set to launch into full-blown bullish conditions.

Currently priced at $0.0037515, $MIND’s price could soar to $0.00535 in 2025 – and potentially 10x by 2030 if momentum holds.

As Dogecoin whales re-enter the market and meme coin mania builds, $MIND is perfectly placed to capitalize.

3. Dawgz AI ($DAGZ) – The Intelligent Meme Coin

Dawgz AI is where meme culture meets serious trading tech – a perfect storm for altcoin season.

Priced at just $0.004 with the next presale tier set to increase it to $0.00438, $DAGZ has already raised $3.6M and is building momentum fast.

Unlike typical meme coins that rely solely on hype, this project is backed by a real AI engine designed to make smart trading decisions in real time.

The Dawgz AI trading bot scans the market 24/7, using on-chain data and social sentiment to identify profitable opportunities. It then feeds this intel into a user-friendly dashboard that helps traders take action quickly.

Even if you’re new to crypto, $DAGZ makes it easy to trade like a pro by simplifying data into clear signals and automating execution.

But it’s not all bots and charts – Dawgz AI also knows how to have fun.

The project has built a strong, engaged community with meme contests, giveaways, and a loyal pack of retail investors who believe this could be the next big breakout in the meme coin + AI niche.

With Dogecoin whales stirring and retail energy coming back into the market, $DAGZ may be in the right place at exactly the right time.

New Faces, Bigger Upside?

Cardano may be grabbing headlines, but newcomers like Solaxy, Mind of Pepe, and Dawgz AI are where the real fireworks could happen in 2025.

Each project brings something fresh – from multichain DeFi infrastructure to meme-fueled AI and smart trading automation. As altcoin season heats up, these three could leave the old giants in the dust.

This article is for informational purposes only and doesn’t constitute financial advice. Always do your own research (DYOR) before investing in crypto.

Bitcoin is back in beast mode.

After months of chop and doubt, $BTC has flipped the narrative with a powerful V-shaped recovery that has it trading above $103K.

Market sentiment has turned sharply bullish, and it’s not just crypto-native voices shouting ‘to the moon.’ Big money is flowing in. Analysts are calling for a $120K breakout.

Meanwhile, U.S. credit risks and macro concerns are adding even more fuel to the Bitcoin fire.

This kind of environment is exactly what seasoned crypto investors wait for.

And while everyone’s eyes are locked on $BTC, a lesser-known altcoin is quietly gaining steam – one that’s designed to mirror Bitcoin’s momentum and possibly deliver explosive returns as the rally picks up speed. Meet BTC Bull Token ($BTCBULL) – the bull market’s sleeper hit in the making.

Moody’s, ETFs, and a Wall of Money

The bullish Bitcoin momentum isn’t just about technicals – it’s about trust.

This week, Moody’s downgraded the U.S. credit outlook from ‘stable’ to ‘negative.’

That might sound like financial jargon, but here’s what it really means: growing fears over U.S. debt and political instability are making investors nervous. And when people lose trust in traditional markets, Bitcoin shines.

We’re seeing that play out in real time. Over $5B has poured into Bitcoin ETFs in just days, with investors betting big on $BTC’s next leg up.

These aren’t just degen bets – this is serious institutional capital returning to crypto. It’s the kind of inflow that signals the beginning of a real bull market.

At the same time, Bitcoin has surged past $103K thanks to a clean V-shaped rebound. Analysts are eyeing $120K as the next major resistance level.

Confidence is rising, retail is waking up, and crypto conversations on X are heating up. The market’s moving – and projects built for bullish cycles are about to thrive.

BTC Bull Token ($BTCBULL) – Bitcoin’s Meme-Fueled Amplifier

BTC Bull Token ($BTCBULL) isn’t your average meme coin. It’s a turbocharged, meme-powered project with one mission: ride Bitcoin’s charge to $1M and reward early believers along the way.

While most meme coins chase hype with zero utility, $BTCBULL goes further – it pays out actual Bitcoin to its holders.

That’s right. It’s the first Bitcoin-themed meme coin that directly rewards its community with real $BTC.

Every time Bitcoin hits a milestone – like $150K, or $200K – $BTCBULL holders who bought through Best Wallet and still hold their tokens there receive automatic $BTC airdrops. It’s not just vibes. It’s value, delivered.

Just don’t forget to buy and hold your $BTCBULL in Best Wallet. No Best Wallet – no airdrops.

On top of that, other Bitcoin milestones like $125K, $175K, and $225K trigger token burns, permanently shrinking the supply of $BTCBULL and boosting scarcity.

This isn’t just clever – it’s engineered for momentum. With a tight link to $BTC price action and meme energy baked in, $BTCBULL turns the typical passive HODL into an active ride full of upside.

And forget dealing with clunky BRC-20s or cold storage keys.

Thanks to a partnership with Best Wallet, you can buy $BTCBULL on Ethereum and receive $BTC rewards directly through your wallet. It’s frictionless, fast, and built for the bull cycle.

Why It Works in This Market

BTC Bull Token is gaining serious traction – nearly $6M raised in its presale already, with tokens still priced at just $0.00252. And while that might look tiny, the upside is anything but.

Analysts forecast a 2025 high of $0.06467. If that hits, that’s a 2,465% gain from today’s price.

Let’s put that into perspective. If you bought $1K worth of $BTCBULL today, you’d get around 396K tokens.

Now imagine staking those tokens at a modest APY of 15% for a year. That adds 59K more tokens, giving you a total of 455K.

At the current price, that’s worth just over $1,150. At the 2025 forecast high of $0.06467, that same bag could be worth over $29,5K.

That’s how you turn a meme coin into a moonshot.

The timing couldn’t be better. Bitcoin is pushing $103K. ETF inflows are exploding. Retail is coming back. And tokens like $BTCBULL – tailor-made to ride this exact wave – could be the biggest winners.

The Sleeper Pick Built for the Bull Run

Bitcoin is stealing the spotlight, but BTC Bull Token is quietly setting the stage for something bigger. It’s early, it’s explosive, and it’s engineered to thrive in this exact market.

If you’re looking for a high-upside play that rewards you in real $BTC as Bitcoin climbs, this might be your moment to get in before the crowd.

This article is for informational purposes only and not investment advice. Always do your own research (DYOR) before investing in new crypto projects.

After a quiet weekend of low volatility, Bitcoin is preparing for a decisive move. Price action has consolidated into a tight range between $100,000 and $105,000—historically a setup that precedes massive breakouts or sharp corrections. Bulls remain in control for now, but the momentum is fragile and could quickly shift if BTC breaks below key support levels around the $100K mark.

The broader market is growing impatient, with many investors expecting a breakout to all-time highs. However, caution remains. Crypto analyst Daan shared insights suggesting that Bitcoin has recently shown signs of relative weakness compared to traditional equities. According to Daan, this underperformance followed the announcement of a US-China trade deal, reducing macroeconomic uncertainty and reigniting strength in stocks.

While Bitcoin surged strongly in the face of prior uncertainty, it has since stalled just below its all-time high, failing to outperform as equities continue climbing. This divergence highlights that BTC is increasingly being viewed as a hedge during periods of instability, rather than a risk-on asset. With tension easing, capital may be rotating elsewhere, at least in the short term. All eyes are now on whether Bitcoin can break free from this range and reclaim leadership.

Bitcoin Faces Resistance But Eyes Liquidity Above $105K

Bitcoin continues to consolidate above the $103,000 level, forming a tight range that typically precedes major moves. Bulls are pushing to reclaim momentum, but resistance at the $105,000 mark remains strong. Liquidity clusters just above this level and into the all-time high zone around $109,000, making it a critical region for a potential breakout. However, growing short positions have kept pressure on BTC, slowing upward momentum despite favorable broader conditions.

Daan’s technical analysis adds depth to this picture. His review of the BTC/SPX 1D chart shows that Bitcoin has recently failed to outperform stocks, a notable change from previous weeks. The relative weakness followed news that the US reached a “Deal” with China, reducing market uncertainty and fueling a risk-on rally in equities. Bitcoin, on the other hand, stalled just below its highs.

This divergence suggests that Bitcoin is evolving into an asset that investors lean into during periods of outflows or global instability. While it may be underperforming in the short term compared to equities, BTC’s strong run-up prior to the trade deal remains intact. Daan notes that continued monitoring of this ratio is essential as the macro environment shifts, especially if new volatility emerges.

Weekly Chart Analysis: Breakout Confirmation Still Pending

The weekly chart for Bitcoin shows a strong recovery from the April lows, with BTC now consolidating just below the key $105,000 resistance zone. After reclaiming the $100,000 psychological level with a powerful bullish candle, the price is stabilizing around $103,000–$104,000, suggesting growing pressure for a breakout into new all-time highs.

Volume has remained relatively stable, with no extreme spikes, indicating steady interest rather than aggressive speculation. The structure still favors the bulls, as the current weekly candle holds above last week’s high and the price continues to trade well above both the 200-week simple moving average (SMA) at $47,372 and the exponential moving average (EMA) at $52,453.

The chart suggests that if Bitcoin can close the week above $105,000, we could see an explosive move into price discovery. However, repeated rejections at this level would increase the likelihood of a short-term correction. The $100,000 mark remains the key support for maintaining a bullish structure.

Momentum remains with the bulls, but caution is warranted as this is historically a high-risk, high-reward zone. Traders are watching closely to see if Bitcoin can break cleanly above resistance and begin a new leg higher.

Featured image from Dall-E, chart from TradingView

Стоимость «атаки 51%» на Биткоин, когда атакующий получает контроль над сетью, составляет примерно $10 млрд, заявил блокчейн-разработчик Джастин Дрейк (Justin Drake). По его словам, это в несколько раз меньше, чем необходимо для взлома Эфириума,

Налоговая служба Ее Величества (HMRC) сообщила, что с 1 января 2026 года все криптокомпании, работающие в Великобритании или обслуживающие ее граждан, будут обязаны отчитываться перед налоговыми органами о каждом пользователе и каждой транзакции.

Bitcoin is trading in a narrow range between $100,000 and $105,000, sparking growing impatience among investors eager for the next major move. After weeks of bullish momentum and a sharp climb from April lows, the market has entered a phase of quiet consolidation. While this kind of sideways price action may seem uneventful, it often precedes volatility, and traders are watching closely.

According to fresh data from CryptoQuant, traders—those holding Bitcoin for 1 to 3 months—are now firmly back in profit territory. Their average profit/loss margin has swung from a -19% deficit to +21% in just one month, highlighting how much the recent rally has shifted sentiment. The 30-day moving average of their profit now sits at around +9%, a healthy but not yet overheated level.

This recovery in unrealized gains suggests that market participants who bought the dip have been rewarded and may now be positioning for another leg up or preparing to take profits. As the trading range tightens, the market appears coiled for a decisive move. Whether Bitcoin breaks new all-time highs or faces a deeper pullback remains to be seen. For now, the wait continues.

Traders Back In Profit As Bitcoin Eyes Price Discovery

Bitcoin is showing signs of strength as it hovers just below its all-time high near $109,000. Despite recent upward momentum, the $105,000 resistance level has proven difficult to break, keeping BTC locked in a tight range between $100,000 and $105,000. This consolidation has created a sense of market indecision, with bulls attempting to maintain control while bears test their resolve. Still, the broader trend remains bullish, and many investors believe a breakout into price discovery is imminent if current support holds.

Top analyst Darkfost shared insights into on-chain activity, highlighting that traders—defined as wallets holding Bitcoin for 1 to 3 months—have returned to profit. Their profit/loss margin has shifted dramatically from -19% to +21% over the past month, a sign of renewed market confidence. The 30-day moving average for this cohort’s profitability now sits at +9%, indicating a healthy but not excessive gain.

Interestingly, since the last correction, the realized price for these traders has dropped to $84,600 and appears to be stabilizing. This suggests increased buying activity during the dip, reinforcing the bullish structure. While current levels are far from the overheated zone of +40%, rising unrealized profits may soon tempt some investors to take partial gains.

The coming days are likely to be decisive. A breakout above $105K could open the doors to price discovery, while failure to hold support may trigger short-term selling. For now, Bitcoin remains at a pivotal point.

Technical Details: Calm Before The Big Move

Bitcoin is currently trading around $103,300 after failing to break through the $103,600 resistance level. This area has become a key short-term barrier for bulls as price consolidates tightly beneath it. The chart shows a clear structure of strong bullish momentum from early May, pushing BTC from the $87,000 area into the $100K–$105K zone. However, recent candles reflect indecision, with several wicks above $103,600 being rejected and the price closing below.

Despite the rejection, bulls continue to defend the $100,000 support level effectively. The 200-day EMA and SMA are far below current prices—sitting around $88,000 and $92,600—highlighting the strength of the recent uptrend. Volume is decreasing slightly, suggesting that traders are waiting for a clear breakout or breakdown before committing to a new direction.

If Bitcoin can reclaim and hold above $103,600, a retest of the all-time high near $109K becomes increasingly likely. On the other hand, a loss of $100K could open the door to a deeper retrace toward the $96K–$94K range.

Featured image from Dall-E, chart from TradingView

Аналитики компании Global Ledger подсчитали, что за январь — март этого года мошенники похитили у криптокомпаний $1,93 млрд, что стало рекордом. Это почти соответствует размеру потерь от атак за весь 2024 год.

Эксперты платформы Fireblocks заявили, что стейблкоины стали главным инструментом модернизации мирового финансового рынка, а спрос на стабильные цифровые монеты со стороны клиентов растет в геометрической прогрессии.

Замоскворецкий суд Москвы санкционировал арест бывшего руководителя представительства крупнейшей криптобиржи мира Binance в России и СНГ Владимира Смеркиса. Бизнесмен был также сооснователем игры Blum, клона токен-кликера Hamster Kombat.

Bitcoin continues to impress as one of the best performers among the large-cap assets, with its value climbing by nearly 25% in the past month. More outstandingly, the Bitcoin price has managed to stay above the six-figure valuation threshold despite the slow market conditions over the past week. After a few weeks of strong bullish action, the flagship cryptocurrency seems to have settled within the $102,000 – $105,000 consolidation range. Despite market-wide shouts of reclaiming its all-time high, the Bitcoin price seems to be currently facing some degree of indecision amongst investors.

BTC Price Might Be Preparing For A Sell-Off

In a May 16 post on the social media platform X, on-chain analytics firm Alphractal explained that the Bitcoin price is at a juncture, which could be critical to its future trajectory. This on-chain evaluation is based on the Long-Term Realized Cap Impulse, a metric that measures the growth rate of the realized capitalization of long-term holders.

For clarity, a positive value for the Long-Term Realized Cap Impulse signals that long-term investors are purchasing more BTC at a higher value. This trend is typically indicative of a bullish period or the start of a bull market when long-term holders are in accumulation mode. 

On the other hand, when the Long-Term Realized Cap Impulse metric is negative, it implies that long-term holders are offloading their coins at prices lower than their cost bases. This is usually seen in late bull cycles and early bear markets, where long-term investors are distributing their assets.

Furthermore, the Long-Term Realized Cap Impulse indicator offers insights into Bitcoin’s supply and demand dynamics, highlighting major support and resistance zones. As shown in the chart provided by Alphractal, the Bitcoin price is at a critical point marked by a horizontal line known as the indecision level. 

The market intelligence firm noted that a breakout of the Long-Term Realized Cap Impulse metric from this level could prove pivotal to Bitcoin’s long-term health, signaling continued strong demand and potential price appreciation. 

However, Alphractal attached a historical relevance to this level, noting that the Long-Term Realized Cap Impulse metric was rejected at the indecision zone just before the COVID-19 dump in March 2020. If historical precedent is anything to go by, investors might want to watch out for any rejection around this level, which may trigger a significant sell-off.

Bitcoin Price At A Glance

As of this writing, the price of BTC sits around $103,713, reflecting a mere 0.6% increase in the past 24 hours.

Bitcoin’s recent price action may be more strategic than it appears. As the broader market watches with uncertainty, a classic inverse head and shoulders pattern seems to be forming, with BTC potentially building out the right shoulder. This formation, if completed, could act as a launchpad for the next major leg up. However, before that happens, a dip into the $90,000–$95,000 support zone might occur, offering a necessary shakeout and RSI reset before a more explosive breakout can take hold.

Bitcoin’s Inverse Head And Shoulders: Right One In The Making 

Crypto analyst Chad shared an insightful technical perspective in a recent post on X, proposing that the daily Bitcoin chart may be in the early stages of forming the right shoulder of an inverse head and shoulders pattern, a bullish formation that often signals an uptrend after a period of consolidation.

As part of this pattern, Chad outlined the possibility of a pullback into the $90,000s, with the $95,000 level identified as a major support zone. A move into that range could help “cool off” the market by easing the Relative Strength Index (RSI), which recently showed signs of overheating. Such a dip could also shake out weak hands, ultimately positioning Bitcoin for a more sustainable rally in the sessions or weeks ahead.

Furthermore, Chad made it clear that this deeper retracement is not a certainty as BTC is currently finding support around the $101,000 zone. With a sustained position above this level, the right shoulder could form at higher levels, offering a more shallow and structurally stronger base before any breakout attempt.

In either scenario, the analyst sees the potential pullback as healthy, provided that support zones remain intact. The market appears to be in a constructive phase, and whether Bitcoin dips lower or stabilizes here, the broader setup still favors continued upside once the pattern completes.

Critical Test For The Pattern

In another post on X, the analyst pointed out that the inverse head & shoulders pattern is also visible on the weekly Bitcoin chart, reinforcing the potential for a larger bullish structure. This pattern is beginning to take clearer shape across multiple timeframes, adding weight to the broader bullish case.

However, a key factor in validating this setup lies in how Bitcoin interacts with the 1.272 logarithmic Fibonacci extension level, which is currently acting as a major resistance zone on the weekly timeframe. The analyst emphasized the importance of observing whether Bitcoin can close the week above this level, as that would suggest strong momentum and a possible breakout confirmation.

If Bitcoin fails to close above the 1.272 Fib level this week, it wouldn’t necessarily negate the bullish pattern. In fact, the analyst suggested it could make the setup even more favorable. A temporary rejection at this resistance would allow Bitcoin to pull back modestly, consolidate, and build strength, all while preserving the inverse head & shoulders structure. This price action would set the stage for BTC to finally break the 1.272 fib level.

After a strong showing earlier this month that lifted Dogecoin back above $0.20 for the first time in weeks, the meme coin is now flashing early signs of weakness. As of today, Dogecoin is looking like it might break below the $0.2 price level again, having slipped 15% from its recent local high of 0.2581. 

The retreat is a resulting effect of Dogecoin failing to break through a key supply zone between $0.24009 and $0.25000, which is an area that previously triggered a strong rejection in early March. Notably, a technical analysis of Dogecoin’s price action on the TradingView platform suggests that bears are slowly taking over.

Rejection At $0.24 To $0.25 Zone Causes Bearish Engulfing Pattern

Dogecoin recently faced a quick rejection at the $0.24009 to $0.25000 supply zone, which has caused a bearish outlook to start creeping in. This rejection is highlighted by an area that the LuxAlgo’s Supply and Demand indicator identified as a significant liquidity cluster. 

Notably, the ensuing price action on the daily candlestick timeframe chart after the rejection  has led to the creation of a bearish engulfing pattern. Price action in this region formed a series of bearish candles, which is a technical formation that shows sellers are regaining control after the bullish push. Furthermore, this is the second rejection from this level, following a similar failed breakout attempt in March. The double rejection reinforces the strength of the supply zone and a lack of buyer follow-through above $0.24.

Aside from the bearish engulfing pattern, the rejection is also followed by a clear increase in trading volume, which adds to the bearish outlook. It also supports the notion that Dogecoin may be entering a corrective phase in the short term.

Support Levels To Watch: $0.19 And $0.14

Now that a resistance level has been identified around $0.25, the Dogecoin path has a few paths to follow. The overall outlook is starting to tilt bearish, at least in the short term. With this in mind, the analyst highlighted two key support levels to keep an eye on. 

The first support level is $0.19361. This price level served as resistance in April but flipped to support during the breakout earlier this month. A breakdown below $0.19361 would represent a significant technical failure and open the door for a deeper correction.

Below that, the next central zone of support interest is $0.14915. This is a high-confluence demand zone where Dogecoin rebounded twice in March. This level also aligns with LuxAlgo’s supply and demand, which shows a high liquidity cluster around $0.15. If Dogecoin does reach here again, there is a high possibility of institutional interest and a bounce.

At the time of writing, Dogecoin is trading at $0.2171, down by 3.7% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

Since April 7, ETH has staged an impressive rally, climbing nearly 97% from $1,388 to $2,743. This powerful upward move has caught attention, signaling renewed bullish momentum across the broader crypto market. With key resistance levels approaching, ETH is likely to maintain its strength and push toward the next psychological milestone.

Will Ethereum Lead The Next Leg Of Crypto Market Rally?

In his post on X, CoRE expressed strong optimism about Ethereum’s price trajectory, noting how close the asset is to reaching a new all-time high (ATH). He stated that, with ETH currently trading around $2,608, it only requires an additional $2,276, which is an approximately 86.8% move from current levels, to reach a new record.

He pointed out that Ethereum already moved more than that in just 34 days, referencing its impressive rally from $1,388 to $2,743, a gain of nearly 97%. Thus, CoRE suggests that ATHs are not just likely, they are also inevitable. His analysis highlights the strength of Ethereum’s current trend and the potential for continued upside, especially if broader market sentiment remains bullish.

CoRE also disclosed another post that Ethereum is once again at a critical juncture, with price action knocking on the door of resistance around $2,640. This level has proven tough to crack in recent weeks, acting as a ceiling that has capped upward momentum. 

If Ethereum breaks through the $2,640 resistance zone, the next target on the radar is $3,200, a key psychological and technical level that aligns with prior price structures. A clean flip of this resistance into support could open the door for a bullish continuation, as confidence in the trend would be solidified. Technical indicators are starting to tilt in the bulls’ favor, and volume has begun to rise, two signs that buyers are preparing for a move. 

No Immediate Overbought Or Oversold Condition

Another analyst, GemXBT, has shared his insights on Ethereum’s current price action, highlighting a consolidation phase for ETH/USDT around the $2,600 level. According to the statement, Ethereum’s technical indicators show early signs of potential bullish momentum.

Gemxbt points out that the 5-day moving average (4MA) has just crossed above the 10-day moving average (10MA). This crossover is often seen as a short-term bullish signal, hinting that buyers could begin to take control if momentum builds. However, other indicators suggest that the market is still awaiting stronger confirmation.

Looking at the chart, the Relative Strength Index (RSI) is currently hovering near the neutral zone, which means ETH is not overbought or oversold. Specifically, this neutral stance indicates that the price could move in either direction depending on incoming volume and broader market sentiment.

Meanwhile, the MACD (Moving Average Convergence Divergence) indicator is slightly bullish, but Gemxbt claims it still lacks strong momentum, a sign that bulls haven’t fully taken over the market. In terms of key levels, Gemxbt identifies $2,550 as a support zone and $2,650 as a resistance level. A decisive break above resistance may reignite upward momentum, while a slip below support might signal a short-term correction.

According to a new technical analysis by DD Trading On X (former Twitter), Dogecoin (DOGE) has just moved into a key demand zone after experiencing a steep 10% drop from former highs. The analyst suggests that the meme coin is poised for a short-term recovery to new levels if the daily price low holds. 

Dogecoin Eyes Rebound After Entering Demand Zone

Recent price action saw Dogecoin establish range lows, trigger a liquidity sweep, and tap into a high-demand zone, where buyers are known to step in heavily. After touching this demand zone, Dogecoin broke its short-term bearish structure, creating a higher high. This move swept out weak hands before reversing upward. 

DD Trading revealed that the subsequent reversal in the Dogecoin price had led to the formation of a statistically strong daily low. The cryptocurrency also broke a lower time frame structure, shifting from a downtrend to an upward trend, suggesting short-term bullishness. 

Despite this, the larger market structure remains neutral-bearish unless higher resistance breaks. Currently, the Dogecoin price is yet to breach resistance levels near $0.235-$0.24, where a significant liquidity pool, marked as “$$$” on the chart, is likely to attract sellers or trigger further buying pressure. This is near the $0.23 level, where Dogecoin previously got rejected. 

The Statistical panels at the bottom of the chart provide insights into the likely price behavior based on historical patterns. According to the data, there is a low probability, around 16.5%, that the current daily low will be revisited or broken again, increasing the odds of a bullish move. 

Additionally, the chances of Dogecoin forming a new daily high later are high. Historical data shows that in approximately 88.6% of similar cases, a new high forms. This supports the expectation that a price bounce is imminent. 

Analyst Predicts Dogecoin Price Rebound To $0.95

Expanding further on Dogecoin’s bullish outlook, Bitcoinsensus has shared a fresh analysis predicting that the meme coin is gearing up for an explosive rally to $0.95. According to the new chart, Dogecoin has been following a highly consistent and powerful Bull Flag pattern on the weekly time frame. 

Each Bull Flag cycle consists of a strong upward impulse followed by a downward consolidation, after which the price breaks out to new highs. The first breakout sparked a 90% rally, the second led to a 215% surge, and a massive 440% spike occurred after the third. 

Now, Dogecoin appears to be completing its fourth Bull Flag pattern and has just begun to break out of its latest consolidation phase. If the historical trend continues, Bitcoinsensus predicts a potential price target of $0.95, representing a 352% increase from its current market value of $0.21. 

Featured image from Unsplash, chart from TradingView

The price of Ethereum (ETH) continued to impress over the past week, briefly touching the $2,700 level (for the first time in nearly three months) on Tuesday, May 13. While the altcoin has somewhat slowed down at the start of this weekend, the market confidence continues to tilt toward the continued recovery of the ETH price.

Specifically, the price of Ethereum is being tipped to take a step further in its recovery by outperforming Bitcoin (the world’s largest cryptocurrency by market capitalization) over the next few months. This overwhelming potential of the “king of altcoins” overtaking BTC begs the question: Is the altseason on the horizon?

ETH Sees Increased Investor Demand And Reduced Selling Pressure

In its latest weekly report, market analytics platform CryptoQuant revealed that the price of Ethereum relative to Bitcoin may have hit its bottom, suggesting that the former might be preparing to outperform BTC. According to CryptoQuant, this development could mark the beginning of the altseason — a period where capital rotates from Bitcoin into other crypto assets.

Data provided by CryptoQuant shows that the ETH/BTC price ratio has experienced a 38% increase in the past week. This positive rally came after the ratio fell to its lowest since January 2020, marking a historical relative bottom for ETH and springboard for the altcoin season.

Furthermore, CryptoQuant highlighted that Ethereum recently entered an extreme undervaluation region, based on the ETH/BTC MVRV (market value to realized value) metric, for the first time since 2019. When this occurred in 2017, 2018, and 2019, ETH went on to outperform BTC by a significant margin.

CryptoQuant also mentioned that Ethereum’s possible bottom again Bitcoin is further accentuated by the higher demand and reduced selling pressure for ETH compared to BTC. For instance, the relative ratio of ETH’s spot trading volume to Bitcoin jumped to 0.89 — its highest value since August 2024 — in the past week, showing the larger propensity of investors to buy ETH instead of Bitcoin.

Meanwhile, investors are also favoring Ethereum through exchange-traded funds (ETFs) purchases, with the ETF holdings ratio increasing sharply since late April. This growth spike suggests an increased purchase of ETH through ETFs relative to Bitcoin  — influenced by growth catalysts such as recent network upgrades and improving macro environment.

Finally, exchange inflow data demonstrates the dwindling sell pressure on Ethereum compared to Bitcoin. CryptoQuant noted that, as of May 2025, the ETH exchange inflow ratio has dropped to its lowest level since 2020, suggesting the altcoin is facing significantly lower selling pressure than BTC.

Ethereum Price At A Glance

As of this writing, the price of ETH sits just beneath $2,500, reflecting an over 3% decline in the past 24 hours.

Prominent crypto analyst Ali Martinez has identified the immediate important Bitcoin (BTC) price levels using the MVRV extreme deviation pricing bands model. Notably, the premier cryptocurrency has remained in consolidation between $101,000 – $104,000 for most of the week despite news of a 90-day tariff pause between the US and China.

Pricing Bands: Next Resistance At $116,900, Support At $98,131

The Bitcoin MVRV extreme deviation bands are statistical bands based on standard deviations of the MVRV ratio from its historical mean. They help identify extreme overvaluation and undervaluation in the Bitcoin market, and thus are useful tools in pointing out resistance and support levels. According to the chart presented by Ali Martinez on May 16, Bitcoin’s next major resistance lies at $116,901, which aligns with the +1σ (standard deviation) MVRV band. A price break above this level would signify a risky overvaluation of BTC’s price and an overheated market, hinting at much potential for profit taking.

On the other hand, the premier cryptocurrency’s immediate support is around $98,131, represented by the 0.5σ MVRV band. A sustained price action above this level would indicate that Bitcoin remains in a bullish valuation zone. On the other hand, a price break below this level would suggest cooling momentum or open the door to deeper retracements. Meanwhile, the mean MVRV band stands at $79,361 and serves as a fair value anchor. If BTC prices fall to this level, it would present the ideal accumulation opportunity for a potential market rebound. However, price falls to lower MVRV bands at -0.5σ ($60,590) and -1σ ($41,820) would indicate bearish retracements and cycle bottoms, respectively.

Bitcoin Holders Sit On 120% Unrealized Gains

In other news, Martinez’s MVRV pricing bands chart also shows that Bitcoin’s realized price currently stands at $45,504. With the current market price, this data suggests that the average BTC investor is sitting on significant unrealized gains potential as high as 120%. At the time of writing, Bitcoin trades at $103,529 following a 0.87% decline in the last 24 hours and 0.10% in the past week amidst the ongoing market consolidation. However, the premier cryptocurrency is up by 22.62% in the past week as bullish forces remain dominant. Presently, Bitcoin’s next resistance lies at the $105,000, a convincing price close above which could spur a further rise to the current all-time high around $109,000.  If BTC successfully breaks through both resistance levels, it would enter price discovery territory, potentially accelerating gains toward the projected target around $117,000.

Veteran market analyst with X handle Daan Crypto has shared an intriguing insight on the present Bitcoin market structure. In a recent post on May 16, Daan Crypto provided some technical pointers for BTC investors while highlighting the potential fundamental developments that could influence the price action of the premier cryptocurrency.

Bitcoin Break Above ATH Key To Bullish Momentum

In a major breakthrough for investors, the US and China have agreed to a 90-day pause on the recent steep tariffs, aiming to de-escalate a looming trade war between the world’s two largest economies. The announcement sparked a surge in market confidence, with over $600 billion flowing into global financial markets. According to Daan Crypto, Bitcoin recorded a sharp price gain following this development, even outperforming the US stock market for a while almost trade at $106,000. However, the crypto asset’s price growth has since stalled, entering a range-bound market between $101,000 – $105,000, while the stock market has recorded a continuous price growth. With a current market price around $103,000, Bitcoin trades a few price levels below its all-time high at  $109,000. Daan Crypto explains that the premier cryptocurrency must surpass this ATH level and enter price discovery to rediscover a bullish momentum for a long-term uptrend. Barring this development, the market expert predicts BTC will likely remain in consolidation for the foreseeable future.

$90k Support Zone Crucial To BTC Bull Structure – Analyst

In other developments, Daan Crypto has picked $90,000 as the critical support level for the current market uptrend. The analyst has stated that a fall below this price would produce a bearish signal, indicating that Bitcoin has fallen out of its bullish range and may experience a significant downswing.

Notably, a price dip below $90,000 has not occurred since the BTC price rebound began in mid-April. Daan Crypto states that as long as the maiden cryptocurrency maintains this support zone, investors can be “cautiously bullish”.

However, the renowned market expert also notes that Bitcoin is showing much weakness relative to the stock market compared to a month ago, when its price was 20%-30% lower than the present market. In this present situation, Bitcoin is likely to follow the stock markets, which have surged by 30%-50% in the last month, in the event of any potential price pullback.

At press time, the leading cryptocurrency continues to trade at $103,509, reflecting a 0.51% decline in the past day.