Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000

10x Research, a digital asset research platform for traders and institutions, has unveiled a foreboding forecast for the price of Bitcoin (BTC). Highlighting current market conditions and Bitcoins recent price dynamics, the research firm projects a massive price crash to $45,000 soon. Bitcoin $45,000 Price Crash Incoming 10x Research has released a report outlining several market [...]

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Ethereum Enters Oversold Territory, Can The Pump Send It To $6,000?

Recent developments show that Ethereum has entered oversold territory. This is undoubtedly a bullish development for the second-largest crypto by market cap, as it looks set for a price rally that could send it as high as $6,000.  ETH Ready For Liftoff Having Entered Oversold Territory Crypto analyst Titan of Crypto suggested in an X [...]

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Crypto Analyst Says Its September 2016 For Bitcoin Again, What This Means

Crypto analyst CryptoCon stated in his recent market analysis that the Bitcoin current price action is reminiscent of December 2016. He further explained what he meant and provided insights into what to expect from the flagship crypto going forward.   It Is September 2016 All Over Again For Bitcoin CryptoCon mentioned in an X (formerly Twitter) post that it is September 2016 again for Bitcoin. In line with this, he remarked that the Bitcoin trend strength prophecy has been fulfilled. He explained that just like in September 2016, Bitcoin has dipped into the support zone after the mid-top.  Related Reading: Dogecoin Moving Averages Say Accumulation Has Ended, Heres Where Price Is Headed Next To further support his stance that the flagship crypto is mirroring past trends, he noted that all months had been the same for support zone entries for alternating cycles. He also asserted that the pattern of 3s has not failed yet, both in the mid-cycle or bear market. His accompanying chart showed that Bitcoin is currently at the last part of its reaccumulation zone, just before it hits a cycle top, just like in the 2016 market cycle.  Following his analysis, CryptoCon boldly stated that the cycle is not over, providing belief that Bitcoin will still hit new highs and surpass its current all-time high (ATH) of $73,000, which it hit in March earlier this year. Before now, the crypto analyst assured that Bitcoins price dips are just a minor setback and that the crypto will still rise to as high as $160,000 at the peak of this bull run. CryptoCon also noted how Bitcoin experienced such choppy and boring periods in previous halving cycles just before reaching new ATHs the following year after the halving event. The crypto analyst had previously predicted that the cycle top would come sometime in November 2025. This projection is also based on Bitcoins price action in previous halving cycles.  More Hope For BTC Investors Crypto analyst Mikybull Crypto also recently gave Bitcoin investors hope that the worst was almost over for the flagship crypto. In an X post, he stated that a Bitcoin parabolic rally is looming as DXY is about to break down from the macro bear flag. The analyst also noted that the same scenario occurred in 2017 and 2020.  Related Reading: Shiba Inu Recovery To $0.000081 ATH Levels Still In Play In another X post, Mikybull Crypto stated that Bitcoins next expansion will raise its price to $95,000. He added that Bitcoin is displaying a bull flag while the DXY is on a bear flag on a macro chart. However, the crypto analyst is confident that macro disbelief and fear are ending, with Bitcoin set to enjoy its parabolic run when that happens.  At the time of writing, Bitcoin is trading at around $56,300, down in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Shiba Inu Recovery To $0.000081 ATH Levels Still In Play

Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated with SHIB bouncing off support at $0.000013, which coincides with the 0.618 level on the Fibonacci extension indicator within a bearish trend that has persisted since April. While Shiba Inu has continued to battle this larger bearish trend on the monthly timeframes, crypto analysts are confident of a SHIB break to the upside. According to several technical experts, the fact that SHIB has maintained support at this crucial level without breaking lower is seen as a sign of resilience. Particularly, crypto analyst Javon Marks is confident of a SHIB recovery back to 2024 highs, especially as the meme coin has confirmed multiple bullish patterns with the RSI indicator. SHIB Recovery Still In Play Javon Marks’ analysis was noted in a social media post on X as an update to an ongoing SHIB analysis that dates back to September 2023. One of the key technical signals contributing to the analyst’s optimism is the Relative Strength Index (RSI), which has shown signs of bullish divergence.  Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC The RSI is a momentum indicator that measures the strength and speed of price movements. In SHIB’s case, the RSI, which has fallen massively from an overbought zone in April, recently retested its lowest point in the first quarter of 2024. According to Marks’, this retest is bullish for SHIB and is a massive sign for the resumption of overbought momentum. This momentum, in turn, would see SHIB rallying over 231% from the current price level to retest its $0.00003629. With the attainment of a new yearly high, this would open the doors for a continued rally close to SHIB’s all-time high. Looking ahead, Marks remains steadfast in his long-term target for SHIB, which he initially outlined in his first technical analysis back in September 2023. According to him, “the $0.000081 target is still in play.”  The $0.000081 price point has been a central focus of Marks analysis since his initial coverage of SHIBs price analysis. To get to this price, SHIB would need to perform a 480% increase from the current price level. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.0000132. SHIB continues to steadily attract investor interest, with whale activity recently seeing a drastic increase. According to analysts at Santiment, the interest surrounding meme coins, including SHIB, has been really quiet in the past few weeks. Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold Santiment analysts believe that the low levels of activity and reduced market excitement could be signs that SHIB is approaching a bottom and laying the groundwork for a potential rebound. Featured image created with Dall.E, chart from Tradingview.com

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Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold

Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level.  Bitcoin Risks $50,000 Drop If Support Fails Elja [...]

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Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC

Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price gains.  Grayscale Adds 10,000 LTC To Its Portfolio In an X (formerly Twitter) post, crypto commentator Bamboo shared data from the crypto data analysis platform Coinglass, showing that Grayscale had recently added 10,000 LTC to their portfolio. Further data from Coinglass showed that the asset manager now holds 1.86 million LTC ($122 million).  In line with this development, Bamboo urged the crypto community to start paying attention to Litecoin before max pain kicks in and [the] price shoots up and prices them all out. The crypto analyst added that Litecoin would likely usher in a rally for the crypto market as it has done in the past.   Related Reading: Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000 It is worth mentioning that Grayscales Litecoin holdings are the underlying assets for its Grayscale Litecoin Trust (LTCN), which offers institutional investors exposure to the crypto asset. As such, the increase in Grasycales Litecoin holdings indicates there is an increased demand for the crypto among institutional investors.  This is undoubtedly bullish for Litecoin, considering the impact the increased demand for the crypto among institutional investors can have on its price. Moreover, the existence of closed-end funds like LTCN, which offers institutional investors, could eventually pave the way for the launch of a Spot Litecoin ETF, ultimately causing more liquidity to flow into the Litecoin ecosystem.  Meanwhile, data from the market intelligence platform IntoTheBlock shows that other Litecoin whales besides Grayscale are accumulating the crypto. There has been a notable surge in the number of LTC coins held by these whales. Furthermore, investors who hold between 0.1% and 1% of Litecoins circulating supply have also increased their holdings in the last thirty days.  Litecoin Price Is Set To Witness A Breakout Crypto analyst, 28 Crypto, revealed in an X post that Litecoin is breaking out against Bitcoin on the daily time frame. The crypto analyst noted how bullish this is for Litecoin, considering that it has experienced a very long downtrend against Bitcoin.  In response to a follower, the crypto analyst also mentioned that a breakout on the weekly time frame is also coming and asserted that Litecoin will rise higher than they can imagine. Interestingly, 28 Crypto has earlier stated that Litecoin will outperform all major cap coins including Bitcoin and Ethereum.  Related Reading: Crypto Analyst Says The Bitcoin Summer Chop Is Nearing Its End, Heres Why Crypto analyst Joao Devesa provided insights into how high Litecoin will rise if it achieves a successful breakout, stating that it will rise to $100. The last time Litecoin reached that price level was in April earlier this year when it hit $103.  At the time of writing, Litecoin is trading at around $67, up over 1% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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XRP Price To $8: Analyst Says Repeat Of 2017 Could Drive Rally

Crypto analyst Dark Defender has predicted that the XRP price could rise to $8 and explained what could spark such a parabolic rally for the crypto. As part of his bullish prediction, the crypto analyst also revealed what could lead to XRP rising to $18.  XRP Price To Rise To $8 If Repeat Of 2017 [...]

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Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?

Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent.  TD Indicator Flashes Buy Signal For Dogecoin Martinez revealed in an  X (formerly Twitter) post that [...]

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XRP Price Ready For 4x Jump To $2.6 As Major Bullish Pattern Breaks Occurs

The XRP recent price movements have caused a major stir in the crypto market, with the cryptocurrency experiencing a significant price surge and breaking out of crucial resistance levels. Driven by its recent bullish momentum, XRP has succeeded in breaking a key bullish pattern, as a result, a crypto analyst has predicted that it could potentially jump 4X to new highs of $2.6.  XRP Price Set Sights On Midterm Target At $2.3 After experiencing slow growth and bearish momentum in the past few weeks, XRP has sparked renewed confidence amongst investors with its latest price surge. Over the last seven days, XRP has skyrocketed by 8.93% and is showing signs of more gains in the future.  Related Reading: PEPE Confirms Breakout From Symmetrical Triangle: How Far Can It Go? This bullish outlook is shared by prominent crypto analyst, Captain Faibik, who disclosed in an X (formerly Twitter) post on September 28, that XRP has just broken a unique bullish pattern, indicating a potential for a major price rally.  In Faibiks XRP price chart, a multi-year bullish symmetrical triangle pattern can be seen. This triangle pattern began forming in October 2021 and has extended through to September 2024, with XRP undergoing significant price fluctuations throughout this period.  After experiencing its first substantial price surge in weeks, XRP successfully broke out of this bullish triangle pattern. The extent of XRPs recent price increase is evident in CoinMarketCaps data, which indicates that the cryptocurrency has jumped by 4.73% in the last 24 hours.  This significant price increase suggests that XRP may be aiming to push significantly above its previous consolidation levels of around $0.5. As of writing, XRP is trading at $0.64, underscoring a possible rise in investor interest and demand for the cryptocurrency.  By breaking out of this bullish triangle pattern, Faibik believes that XRP could be on track for a massive rally that could push its price by 4X. The analyst has declared that XRP is currently heating up for a massive breakout to mid-term targets at $2.3.  XRP Breaks Critical Trendline A crypto and Elliott Wave analyst, identified as XForceGlobal on X has highlighted a unique trendline in XRPs price chart. According to the analyst, XRP has just broken the multilayer BD trendline, and may be heading towards a price increase.  Related Reading: Ripple Vs. SEC Battle Far From Over As Regulator Opposes Courts Decision XForceGlobal has suggested that if XRP can maintain a price above this trendline for a few more weeks, it could witness a price increase between $7 to $10. The analyst has expressed confidence in his bullish forecast, indicating that a surge within this range was inevitable if the right conditions were met.  To be more precise, the analyst predicts via a detailed chart that XRPs price could potentially rise to $8.67, marking a 1,482% increase from its current price of $0.6.  Featured image created with Dall.E, chart from Tradingview.com

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Analysts Predict Bitcoin Price Could Crash To $40,000, But Theres Good News

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrencys prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000. However, the analyst also provides a silver lining to his bearish outlook, anticipating a major rebound after the decline.  Bitcoin May Be Headed For A $40,000 Crash A crypto analyst known as Magog PhD took to X (formerly Twitter) on September 1 to share a unique encounter he had with a supposed Bitcoin billionaire. The analyst recounted an unusual experience from his summer job as a waiter in a New York restaurant, where a Bitcoin billionaire slid a piece of paper across the table in the form of a tip.  Related Reading: Heres Why The XRP Price Plunged To $0.55 Upon examination the paper revealed a chart forecasting Bitcoins future price trajectory. The chart illustrated that Bitcoins price was expected to crash below $32,000, marking a massive decline to new lows. Over the past few months the price of Bitcoin has experienced strong volatility and widespread liquidations which have led to severe price decline. At one stage, the cryptocurrency tumbled by over 20%, plunging below $50,000 before rebounding to nearly $60,000. The demand for Spot Bitcoin Exchange Traded Funds (ETFs) have also seen a sharp decline, likely playing a role in Bitcoins recent downward trend.  Although the Bitcoin price chart projects that the cryptocurrency will crash below $32,000, it also illustrated that Bitcoin would potentially witness a major breakout above $76,000 following the decline. Similar bullish sentiment has been shared by fellow crypto analysts in the market.  According to technical analyst and Bitcoin trader, Titan of Crypto, Bitcoin is currently forming a unique technical pattern called the Cup and Handle pattern. Often recognized as a bullish continuation signal, the Cup and Handle is a technical chart pattern that highlights a period of consolidation after an uptrend, followed by a slight pull back and an eventual breakout to the upside.  Based on this technical pattern, the analyst believes that Bitcoin is likely to break out soon, reaching a potential price target of $110,000. He disclosed that this bullish price movement could happen in the final quarter of the year, highlighting that the cryptocurrencys rebound is going to be epic. BTC Achieves Historic Weekly Golden Cross Bitcoin may have reached a historic milestone, as crypto analyst Jelle has identified the formation of a weekly Golden Cross on the Bitcoin price chart for the first time ever.  Related Reading: Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash The golden cross occurs when a short-term Moving Average (MA) crosses above a long-term MA. This week, Bitcoins 100-week MA surpassed the 200-week MA, highlighting a strong bullish signal that could potentially trigger a massive bull run for the cryptocurrency.  Featured image created with Dall.E, chart from Tradingview.com

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Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements

The Ethereum price action has significantly underperformed traders’ expectations over the past few months. Ethereum is currently trapped in a bearish trend, with its price now down by 23% over a 30-day period. This downturn contrasts sharply with the hopes of many ETH investors who have been anticipating a bullish surge following the launch of [...]

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Analysts Think Solana Could Go Nuts As SOL Price Retests $160 Resistance

Solana (SOL) broke above a key resistance level on Friday, fueling the bullish sentiment that reignited over a week ago. As a result, some analysts think the fifth-largest cryptocurrency by market capitalization could be about to see a massive bull run as Uptober approaches. Related Reading: Ethereum: Analyst Sets $2,820 As ETHs Next Key Level to Watch, Heres Why Solana Retests $160 Resistance Solanas rally started last week following the market surge driven by the US Federal Reserves rate cuts. The jump pushed the cryptocurrencys price above the $140 resistance level, successfully turning it into support. SOL had failed to break above this key level throughout the past month, consolidating between the $130-$139 price range. This performance alarmed many investors and market watchers, who considered the cryptocurrency was in danger of facing a massive correction. Since the bullish catalyst, Solana has seen a 23% surge, breaking above the $150 barrier this week. Some analysts asserted that reclaiming this mark would propel the price toward the next key resistance level. On Friday, Solana broke above the crucial resistance level for the first time in a month, hitting $160 for the first time since late August. As of this writing, SOL reached a daily high of $160.68, momentarily holding the above the key level. This performance was seemingly fueled by the bullish vibes surrounding the early release from prison of Binances founder Changpeng Zhao (CZ). The expectation of his release further inspired a bullish market sentiment among investors, driving SOLs 4% jump in an hour and Bitcoins price to $66,000. Is SOL Price About To “Go Insane”? Analyst Crypto Horn Harris noted Solanas price action on the weekly chart, claiming it looks nothing short of insane right now. He underscored that SOL retested the Relative Strength Index (RSI) properly while doing a perfect reset of the 50-day Moving Average (MA). To the analyst, this performance hints that the cryptocurrency will challenge the cycles high above $200 and move to higher targets soon. WiseAnalyze claimed that SOLs price is still very low, suggesting that investors still can jump on that trend. The trader set his target for the cycles final breakout at $400, but it might grow higher. However, he didnt rule out the possibility of another rejection, with a pullback to the $108-$120 support zones. Similarly, Matthew Dixon also forecasted a retrace for Solana. The analyst believes a pullback is due, as multiple indicators suggest the correction. However, the jury is out on the scope of the decline. Dixon stated that SOLs price targets will depend on whether the price action from the low is in the form ABC Or 123. But either way, the retrace is likely. Related Reading: Memecoin Sensation Popcat Hits New All-Time High After Surge To $1 Crypto analyst Byzantine General considers SOLs chart to look pretty crazy. The trader highlighted that Solana appears to be printing an Adam and Eve (A&E) double-bottom pattern, with the confirmation line around the $160 price range. Based on this, Solanas price could go really nuts, as it has the potential for a breakout toward the $200 resistance level if it successfully reclaims the key support level. Featured Image from Unsplash.com, Chart from TradingView.com

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Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next

10xResearch analysts who had correctly predicted the Bitcoin price run-up to a new all-time high earlier in the year have turned bullish once again. In a recent report by 10xResearch Head of Research, Markus Thielen, the analysts point out a number of factors that have seen the BTC price turn bullish. Just like before, this is a development that could lead to a run-up to a new all-time high for the Bitcoin price, something that could mark the beginning of another bull market. Feds Rate Cut Triggers Bitcoin Uprising Following the Federal Reserves decision to cut interest rates by 0.5 bps earlier in the month, the Bitcoin price has been on a positive uptrend. It rose from trending around $53,000 to rising above $66,000 in a matter of weeks. However, the uptrend may be far from done as the analysts see further upside. Related Reading: Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump In the report, the 10xResearch analysts point to the rise in stablecoin minting and billions in inflows from Chinese over-the-counter brokers as reasons why the rally could continue. Since the Fed rate cuts, approximately $10 billion in new stablecoins have been minted. Naturally, this is positive for the Bitcoin market as it means new inflow is coming in. The report explains that year-to-date stablecoin inflows have now topped $35 billion. Another positive development with this is the rise in the decentralized finance (DeFi) activity across the space. There has been increased fee revenue, signaling more participation. While activity has slowed in September, activity and fees could rebound following the Feds recent rate cut, the report read. The analysts believe that the Bitcoin price is now targeting new all-time highs after breaking the downtrend that has plagued it for months. With Bitcoin breaking above $65,000, we anticipate a swift move toward $70,000, followed by new all-time highs in the near term, the analyst said. Altcoin Season Is On The Way The Fed rate cuts has not be positive for the Bitcoin price only as the altcoin market has also followed suit. There has been an over 20% jump in the altcoin market cap this month alone, showing that theyre also following the bullish trend being set by Bitcoin. Related Reading: Ethereum Sees 43% Crash In Active Addresses, Whats Going On? There has been a notable decline in the BTC dominance since the Fed announcement. This suggests that altcoins are gaining ground, and if the Bitcoin dominance continues to fall, it could signal the start of another altcoin season. A notable shift occurred following last weeks FOMC meeting: Bitcoins dominance has waned, while Ethereum gas fees have spiked, fueled by a surge in altcoin activity across the ecosystem, the analysts stated. If the Federal Reserve remains open to cutting rates, pursuing high-beta altcoins will likely gather further momentum. Featured image created with Dall.E, chart from Tradingview.com

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Is Shiba Inu Ready For A New All-Time High Above $0.00008? Analyst Says Yes

Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrencys recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086.  Shiba Inu Targets New All-Time Highs The price of Shiba Inu recently jumped from around [...]

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Historical Trends Put Bitcoin At $400,000 With Shocking Timeline

Based on historical trend patterns, a crypto analyst has forecasted that Bitcoin could hit a staggering peak of $400,000. This ambitious price target would require Bitcoin to jump over 6X its current price, marking a historical milestone, as the cryptocurrencys market capitalization would surpass $7 trillion.  Bitcoin Power Law Points To $400,000 Increase Bitcoins price [...]

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Ethereum: Analyst Sets $2,820 As ETHs Next Key Level to Watch, Heres Why

Following the markets recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level. Despite the bullish sentiment, some crypto investors remain cautious about ETHs performance as the second-largest cryptocurrency faces the next crucial resistance level. Related Reading: Memecoin Sensation Popcat Hits New All-Time High After Surge To $1 Ethereum Consolidates Above $2,600 Ethereum recorded a 13% price jump in the last seven days after the US Federal Reserve (Fed) announced its decision to cut the interest rate by 50 basis points (bps). The bullish momentum propelled the ETHs price to ranges not seen in a month, triggering a positive sentiment among many investors. Over the weekend, the King of Altcoins surged from the $2,300 support zone to the $2,500 mark before reclaiming the $2,600 resistance level as the week started. Since then, the cryptocurrency has hovered between the $2,600-$2,684 price range, momentarily dropping below the key support level on Wednesday afternoon. Nonetheless, Ethereum has faced resistance today after recovering from the recent drop to $2,500. Market analyst Crypto Yapper noted that ETH had been running into critical resistance on the Daily chart, as it had been unable to break successfully above the $2,650 mark since Tuesday. This performance worried some investors, who considered that not breaking above this level could hinder the cryptocurrencys run and send the price toward the previous support zones. However, Ethereums price jumped 1% in the last hour to trade above $2,650. As of this writing, ETH exchnges hands at $2,660, recording a 2.1% and 9.3% price increase in the daily and weekly timeframes. ETH To Reach New Highs In October? Crypto Trader Daan highlighted that Ethereums price made a higher low (HL) but has not been able to make a higher high (HH) yet. The trader noted that an HH would occur above the $2,820 mark, which was lost over a month ago, and it would signify a trend reversal for the cryptocurrency. This level corresponds with the horizontal level that kickstarted the February-March run to $4,090 after the breakout. Additionally, it coincides with the Daily 200 Exponential Moving Average (EMA) around that area, which makes it an important level to watch. A breakout above this mark could further propel ETHs price toward the $3,000 resistance level. Julien Bittel, Head of Macro Research at Global Macro Investor (GMI), noted that Ethereums chart is looking a lot like a 2023 redux. Related Reading: Cardano (ADA) Reclaims Top 10 Crypto Spot, Analysts Set New Targets Per the Chart, the cryptocurrencys current market structure resembles its 2023 movements very closely. A repeat of ETHs previous bullish trajectory suggests that ETHs price is about to break out and hit a new all-time high (ATH) mid to late October. Additionally, the chart shows that if it follows the same bullish trend, Ethereums price has the potential to reach somewhere between the $10,000 to $20,000 targets by Q1 2025, which would represent a 669% surge from its current price and a 300% jump from its ATH. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go?

A crypto analyst has just confirmed an impending Bitcoin (BTC) crash, pointing to the formation of a bearish descending triangle formation on the cryptocurrencys price chart. With Bitcoins price holding strong above the $60,000 mark, the key question now is how low this anticipated downturn is.  Analyst Confirms Incoming Bitcoin Crash TradingView crypto analyst, Alan Santana has published a report warning of potential risks in Bitcoins current price behavior, pointing to a possible price crash driven by the formation of a new descending triangle. Santana noted that currently, the price of Bitcoin is trading above $60,000, which is about 20% lower than its March 2024 All-Time High (ATH) of more than $73,000.  The analyst hypothesized that if Bitcoin were trading at a lower price level of $37,000, this would represent a 50% decline from its March ATH. In such a case, this price would be seen as a strong correction from all-time highs.  Santana also revealed that trading at $37,000 would be advantageous for Bitcoin, especially before a major political event like the upcoming United States (US) Presidential elections in November. This means that by trading below $40,000 or $37,000, Bitcoin would be due for a significant recovery to new highs.  However, since BTC is currently trading at $63,635, a price mark close to a critical resistance level, this indicates a strong momentum. As such, if an unexpected event or market shakeout occurs, it could potentially trigger a massive price decline for the cryptocurrency.  Moreover, Bitcoin has formed a descending triangle pattern, which the analyst has flagged as a bearish signal. He revealed that on the cryptocurrencys monthly chart, this pattern broke to the downside, ultimately confirming an impending price crash.  As a result, Santana has warned that investors should expect a Bitcoin crash, citing the cryptocurrencys prolonged sideways movement with a bearish bias over the past six months. He further disclosed that BTC has been printing lower highs in the short-term and mid-term for more than six months, highlighting that lower highs were an indication of a bearish trend.  Based on the cryptocurrencys market behavior, descending triangle pattern and current price, Santana has predicted that Bitcoin could dip below $49,000. He noted that the next Fibonacci retracement level below $49,000 sits around $40,000 to $43,000, meaning the main target for this bearish forecast could be even lower.  BTC Uptrend Hinges On $70,000 Breakout While emphasizing the potential for Bitcoin to crash below $49,000, Santana also disclosed that Bitcoin could witness a major uptrend if its price can successfully break above the $70,000 mark. He revealed that a strong confirmation above this price is necessary to consider BTC bullish this cycle.  Specifically, if the cryptocurrency can achieve a one or two weekly or monthly close above $70,000, it could spark a bullish turnaround for the market. However, while Bitcoin is rising and maintaining a price above $60,000, the market is only seeing over-leveraged traders being liquidated and the growth of altcoins.  Featured image created with Dall.E, chart from Tradingview.com

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Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?

After a long stretch of muted price action, Dogecoin has finally entered a position where it could be gearing up for a surge. With major developments such as an increase in participation from both small and large investors, as well as indicators turning bullish, the DOGE price looks primed for a major recovery. However, there could be a small roadblock for the meme coin when it comes to achieving this uptrend as one analyst has pointed out the possibility of a further crash from here. A Crash Or A Surge For DOGE? Crypto analyst Ali Martinez has presented a forecast for the Dogecoin price with mixed signals for the future. The analysis focuses on both the bullish and bearish possibilities for the meme coin as it continues to trade in a trading range. Both of these scenarios are possible, with the Stochastic RSI may win out this time. Related Reading: Shiba Inu On The Edge Of Historic Run As Investors Accumulate 770 Billion SHIB According to the analysis, the Stochastic RSI has made a bearish crossover for the Dogecoin price. This bearish crossover suggests that there is a price crash coming for the altcoin. In this case, the DOGE price could be falling below $0.1 again. Not only this, but Dogecoin may lose around 15% of its value if this bearish scenario were to play out. This could see the DOGE price fall as low as $0.087 in the worst case scenario. On the flip side, the Dogecoin price is also showing some bullish tendencies, as the crypto analyst points out. The price is apparently flirting with a bullish breakout, which could be significant if it plays out. In this case, the bullish breakout could see the meme coins price rise as high as $0.16 and that would mean a 45% breakout from the current price. #Dogecoin keeps flirting with a bullish breakout, but patience might be key! The Stochastic RSI just had a bearish crossover, hinting at a potential short-term correction before the next move. pic.twitter.com/IZNsTJHksT Ali (@ali_charts) September 25, 2024 Dogecoin Looking For A Breakout The crypto analyst has previously presented bullish scenarios for the Dogecoin price but chalked it up to two key signals. The first of which is the RSI actually making a successful break out of the descending trending on the daily chart. Second of these is a break above the $0.11 resistance on the chart. Related Reading: Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5 One of these signals had been triggered, with the RSI breaking the descending trendline. However, that has since changed as the Stochastic RSI has actually turned bearish in the meantime. The DOGE price is still trending below $0.1, suggesting that bears are still well in control of the price. These developments show more potential for the Dogecoin price to actually crash from here before a recovery. But in the event of a market-wide recovery, DOGE could end up following the uptrend regardless. Featured image created with Dall.E, chart from Tradingview.com

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Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again

Ethereum, the second-largest cryptocurrency by market capitalization, has yet to reclaim the $3,000 price level since early August. Since the beginning of September, Ethereum has mostly traded below $2,600, but this week brought a glimmer of hope for investors as it finally managed to break above the $2,600 threshold. Now that this resistance threshold has [...]

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Memecoin Sensation Popcat Hits New All-Time High After Surge To $1

Popcat, the latest Solana-based memecoin sensation, has crowned itself as one of the best-performing cryptocurrencies in the market. The memecoin has stolen the spotlight following its 117% surge throughout Q3, outperforming other well-established tokens in the sector. The feline sensation has now consolidated as the first cat-themed memecoin to hit a $1 billion market capitalization, leading the markets bullish run alongside tokens like Sei (SEI) and Worldcoin (WLD). Related Reading: Bitcoin (BTC) On Track For Strongest September Performance, Is $90,000 Next? POPCAT Hits $1 Billion Market Cap Status Memecoins became the leading sector during this cycle, with many tokens outperforming most altcoins over the last few months. At the front of the frenzy, dog-themed tokens like dogwifhat (WIF) stole the spotlight during Q1 and Q2. However, a feline rival is challenging its spot as Solanas best-performing memecoin. Investors and market watchers have praised the cat-themed sensations performance over the past few months. Throughout Q3s violent market retraces, POPCAT showed a remarkable performance, becoming the largest gainer among the top 100 cryptocurrencies several times. The memecoins price quickly bounced from its 55% pullbacks during the market crashes, recovering and surpassing its previous level each time. POPCATs price has seen a 117% surge in the past three months, driving its price from the $0.68 mark to a new all-time high (ATH). In the late hours of Tuesday, the cryptocurrency broke above the $0.97 resistance level set by its previous ATH. The memecoin continued its 21% jump towards the $1.08 level, its new ATH, before retracing to the $1.01-$1.02 price range. The surge propelled POPCATs market capitalization to the $1 billion mark, cementing its status as the leading cat-themed token and making it the first memecoin in this sector to achieve it. Following its remarkable rise, the token registers a 57.8% and 40.2% surge in the weekly and monthly timeframes. Its daily market activity also saw an 82% jump to a trading daily volume of $133.3 million in the last 24 hours. Investors See Further Price Potential Some crypto whales loaded their bags as POPCAT broke the $1 barrier. On Wednesday morning, on-chain data analytics firm Lookonchain revealed that a crypto investor recently repurchased the cat-themed sensation, suggesting that some investors feel positive about the tokens future performance. Per the post, the whale spent 8,644 SOL, worth around $1.29 million, to buy 1.3 million POPCAT over the past two days. The address bought 456,000 tokens on Monday before acquiring another 843,000 POPCAT when the memecoin hit $1. This whale had previously sold its POPCAT holding at a 45% loss over two months ago. The investor saw $611,000 in losses from selling its 1.69 million tokens. However, before the long-awaited surge to $1, crypto investor Trade4ddict noted that the POPCATs consolidation under the key resistance level was a strong sign for its potential bull continuation. Related Reading: Cardano (ADA) Reclaims Top 10 Crypto Spot, Analysts Set New Targets The trader considers that after blowing off the $1 resistance, the memecoin has good chances of pumping toward the $2 target. He also suggested that the previous high at $0.8 should offer some support before a potential correction. As of this writing, the memecoin continues to hold the $1 support level, exchanging hands for $1.01. Featured Image from Unsplash.com, Chart from TradingView.com

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