Apr 15, 2025 12:05

Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000

Crypto analyst Titan of Crypto has raised the possibility of the Bitcoin price rallying to as high as $137,000. The analyst highlighted a bullish pattern that shows the flagship crypto can reach this ambitious price target.  Bitcoin Price Could Rally To $137,000 As Bullish Pennant Forms In an X post, Titan of Crypto suggested that the Bitcoin price could reach $137,000 at some point. This came as he revealed that BTC has formed a bullish pennant on the daily chart. The analyst remarked that if this plays out, a new all-time high (ATH) could be reached, regardless of the current market sentiment.  Related Reading: This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast His accompanying chart showed that $137,129 was the target for the Bitcoin price as it eyes a rally to new highs. The analyst indicated the key was to see if the flagship crypto could break to the upside in the coming weeks. In the meantime, BTC looks to be facing a lot of resistance and bearish pressure. In his Ichimoku cloud analysis of the Bitcoin price action, the analyst stated that BTC is now facing resistance with a fair gap value and entry into the Kumo cloud. He outlined two scenarios that could play out for the flagship crypto. The first is a continuation through the cloud, while the second is a retest of the Kijun and the trendline before continuation.  His accompanying chart indicated that the key was to break above the range of around $84,000. A successful breakout from this range could lead to a rally to as high as $92,000. This could eventually pave the way for the Bitcoin price to rally to new highs, especially with the psychological $100,000 level in sight once BTC reclaims $92,000.  Key Resistance At $86,000 In an X post, crypto analyst Ali Martinez revealed that $86,000 is a key resistance zone for the Bitcoin price. He stated that a rejection from this zone could send BTC back to $79,000. However, a breakout might open the path for the flagship crypto to rally to as high as $97,000.  Related Reading: Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 Crypto whales are still actively accumulating BTC, which is positive for the Bitcoin price. Martinez revealed that 37,000 BTC have been withdrawn from exchanges in the past 24 hours, which the analyst noted is a strong signal of accumulation. Crypto analyst Kevin Capital believes that the Bitcoin price structure is still bearish for now. In an X post, he stated that a break above $89,000 would mean BTC is back in action. Until then, he asserted that there is no real reason to get overly hyped at the current level.  At the time of writing, the Bitcoin price is trading at around $84,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Jun 01, 2023 04:10

Multichain Protocol Affects Several Chains Amid Unexpected Challenges

The Multichain protocol, formerly Anyswap, is experiencing operational disruptions due to unexpected circumstances. This was announced through an official statement

Jul 29, 2023 10:10

Kek Price Prediction After a Strong Week as BTC20 Coin Sees Increased Attention

KEK is up almost 50% this week and technical indicators suggest strong long-term growth potential. KEK Price Actions It’s down about 15% during the past [...]

Sep 07, 2022 06:00

Meme Coins Are So 2021—It’s All About Meme Chains Now

The most popular memes in the crypto space are backin blockchain form. What Are Meme Chains? Its becoming easier than ever to launch your own blockchainand the memes are taking...

Jan 01, 2025 12:05

Crypto Trader Capitalizes On Elon Musks X Name Change For 17,000% Return

Elon Musk, billionaire entrepreneur and CEO of Tesla and SpaceX, has once again rattled the crypto market with a simple name change on his X account. This time, Musk renamed his official profile to Kekius Maximus and replaced his avatar with a PEPE frog dressed in antique armor holding a gaming controller. While the eccentric tech magnate has not offered an explanation, the sudden shift has fueled intense speculation. One of the biggest beneficiaries of this development is a relatively unknown memecoin, also called Kekius Maximus (KM). Notably, mere hours before Musks rebranding, an anonymous trader made a noteworthy purchase that led to a massive windfall. On-chain analysis firm Lookonchain (@lookonchain) reported via X: What a lucky traderor perhaps an insider! 9 hours ago, he spent $4,360 to buy 18.15M KM. Just one hour ago, Elon Musk changed his profile name to Kekius Maximus, sending the price of KM soaring by ~17,000%. The 18.15M KM he bought is now worth $638K! Related Reading: Top Crypto Assets For Q1 2025: Grayscale Reveals The Best Altcoins Whether the timing was pure coincidence or something more coordinated remains an open question. As of press time, there is no indication that Musk has any direct affiliation with the token. Yet the traders sensational profit underscores the often-unpredictable relationship between Musks online antics and sudden market movements. As of press time, Kekius Maximus (KM) is trading at $0.03087, representing a staggering 12,533% increase in the past 24 hours. Its market capitalization has shot up to $30.87 million, while daily trading volume has surged to approximately $103.51 million. However, contrary to claims from some crypto media outlets, Musk’s name change has no connection to the memecoin itself, and there is no affiliation. Once again, it’s a fortunate surprise for certain crypto traders. Related Reading: Expert Reveals Top 15 Crypto Predictions For 2025 You Need To Know Remarkably, this is not the first time Musk has generated a frenzy with his name or profile changes. In the past, he has adopted monikers like Mr Tweet, Naughty Moniker, and Naughtius Maximus. In April 2023, he famously replaced the Twitter bird logo with the Dogecoin Shiba Inu dog, causing a temporary DOGE price spike. Regarding his latest adoption of the term Kekius Maximus, various interpretations abound within online communities. Kek traces its origins to World of Warcrafts auto-translation of LOL, evolving into a broader internet meme. Pepe the Frog is similarly intertwined with Kek, having been adopted by assorted online subcultures over the years. The notion of Kekistana fictional internet nation that plays on cultural satire as a satirical response to identity politics, while the flag of Kekistan mimics a German war flag. Recently, Musk has made significant waves in German politics by expressing support for the Alternative for Germany (AFD). The mainstream media and other political parties have strongly criticized Musk’s actions, while he himself has reaffirmed his stance by agreeing to an interview with AFD leader Alice Weidel. However, whether there’s a broader context to these actions remains purely speculative. Featured image from X, chart from TradingView.com

Jan 03, 2025 04:10

How a $66 Investment Turned into $3 Million After Elon Musk Name Change?

Elon Musk brief name change on X to “Kekius Maximus” led to a wild surge in the value of a new memecoin called KEKIUS. This meme token, inspired by the famous Pepe the Frog meme and the character Maximus from the movie Gladiator, experienced a market frenzy after Elon Musk

May 08, 2023 02:50

KEK (KEKE) overtakes PEPE, starts the week with a 900% price surge

PEPE price is currently on the decline after a great performance last week. PEPE ended the week with being listed on several major crypto exchanges. KEKE price has hit an all-time high of $0.0000002715 today. At press time, PEPE price had dropped by 13.28% to trade at $0.000002281 after hitting an all-time high of $0.000004354 …

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