Elliot Wave Theory Shows Where Bitcoin Is In This Cycle Bull Rally Over?

Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights into where Bitcoin currently is in this market cycle. Based on his analysis, the bull run is not yet over, with the flagship crypto set to reach new highs.  Elliot Wave Theory Shows Bitcoins Current Position In This Cycle In an X post, Tolimanu noted that in Elliot Wave Theory, a 5-wave move up typically marks a primary trend, and an ABC correction is a natural retracement of that trend. Based on this, he stated that unless this Bitcoin correction breaks major long-term support levels, such a decline would typically set up the next higher-degree bullish phase.   Related Reading: LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000 On the bearish side, his accompanying chart showed that Bitcoin could still correct to as low as $73,969 on wave C of the ABC correction. However, as the analyst suggested, a hold above this support level could send BTC to new highs. Technical expert Tony Severino also recently warned that the Bitcoin price is in a precarious position. Despite the recent surge, he suggested that BTC is still in a bearish position. The expert remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero.  In another post, Severino noted that Bitcoins daily RSI failed to get above 70, which is a key trigger required for a bullish impulse. He remarked that failure at 70 the last time led to the most vicious leg down of the last bear market. He added that the entire bear market remained below 70. The technical expert also noted that in 2023, the two local tops did make it above 70, but it wasnt convincing enough, while in 2024, the entire corrective phase stayed below 70 on the RSI. Basically, Severino highlighted the importance of 70 on the RSI and how BTC is still in a bearish position.  BTC Looking To Fill CME Gaps Below And Above Crypto analyst Titan of Crypto revealed that Bitcoin is looking to CME futures gaps below and above its current price. The upside gap is between $96,480 and $97,300, while the downside gap is between $91,990 and $93,400. In another post, the analyst suggested that BTC might fill the downside gap before moving to the upside targets.  Related Reading: Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Wheres Price Headed?  This came as he noted that the next key support for Bitcoin is the daily Fair Value Gap, which is around $90,000. The analyst added that a bounce from that zone is likely. His accompanying chart showed that the target on this bounce is $102,096. At the time of writing, the Bitcoin price is trading at around $94,300, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Proof-of-restaking and extended consensus Interview with Units Network

Emerging from past challenges, this initiative emphasizes decentralized governance and advanced consensus mechanisms to foster innovation.

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Is The XRP Price Mirroring The 2017 Rally? Analyst Points Out Similarities

Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally.  XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move.  Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, Whats Next? His accompanying chart showed that the XRP price could rally to almost $40 on this breakout. The analyst seems convinced that the altcoin could witness such a parabolic move, considering that XRP surged by 61,000% in 280 days in 2017. The chart also showed that the altcoin will likely reach this target sometime next year.  Crypto analyst Egrag Crypto has also stated that he expects the XRP price to reach between $27 and $33 in this market cycle. He believes that a repeat of the 2017 historical performance makes these price targets achievable for the altcoin. The analyst has also alluded to factors such as the XRP ETFs and Ripples expansion as factors that could drive this price surge.  Meanwhile, crypto veteran Raoul Pal also affirmed that the XRP price has enough room to rally to the upside from its current level. He highlighted a bull flag that had formed for the altcoin, following its consolidation phase after last years rally. The veteran expects XRP to witness a bullish continuation after this consolidation phase, possibly rallying to as high as $5. This would mark a new all-time high (ATH) for the token.  The Altcoin In A Bullish Phase Crypto analyst CobraVanguard asserted that the XRP price is in a bullish phase, while highlighting a falling wedge pattern that was forming for the altcoin. He remarked that this pattern indicates the altcoins potential to reach $3. However, the analyst warned that this setup could be invalidated if the wedge pattern is broken downwards with the strength of bearish candles. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing  Meanwhile, crypto analyst Dark Defender noted that the XRP price is currently in Wave B of its Wave 2 corrective move. He predicts that the altcoin could rally to its current all-time high once the B and C waves are completed in this corrective wave. The analyst is also confident that the altcoin can rally to double digits in the long term. He once predicted that the altcoin could reach $18 based on his Elliott Wave Theory analysis.  At the time of writing, the XRP price is trading at around $2.38, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards

Cardano (ADA) is flashing mixed signals as its market structure hints at an imminent short-term price crash. While bearish indicators suggest a possible decline, a crypto analyst reveals that the broader trend remains intact, with technical patterns supporting the potential for a rally toward the $0.9 mark. Cardano Price Crash Incoming TradingView Crypto analyst SiDec has released a bearish price forecast for Cardano, anticipating a significant correction toward the $0.75 area in the coming days. This cautious outlook is based on detailed analysis using Elliott Wave Theory, Fibonacci tools, and critical price action zones.  Related Reading: Crypto Analyst Releases Next Potential Targets For Cardano, Is $1 ADA Still Possible? SiDec has stated that ADAs price continues to consolidate after completing a 5-wave impulse move, signaling the end of its upward momentum. Following this strong impulse rally, the cryptocurrency is now exhibiting a classic Elliott Wave behavior, transitioning into a textbook ABC corrective pattern.  The cryptocurrency first experienced a pull-back, labeled as Wave A on the price chart, followed by a temporary recovery in Wave B. According to SiDec, Wave C is expected to complete the retracement pattern, with ADAs final downward move nearing its end.  Currently, technical indicators and price action point to the $0.705 region as a high-probability long entry zone. The TradingView analyst also clarifies where ADA might find solid support during this corrective phase using Fibonacci Retracement zones. The 50% retracement level of the entire bullish 5-wave impulse is positioned approximately at $0.7534 a critical price point that coincides closely with ADAs previous price swing at $0.746. This former resistance level has yet to be revisited, making it a natural support candidate.  The analysis further identifies a 1:1 ABC extension for the anticipated correction in ADA, placing Wave Cs potential crash target around $0.7492. This also creates a tight cluster of technical indicators in the range of roughly $0.75, indicating a strong support zone.  Further supporting this level, the daily 21 Exponential Moving Average (EMA) stands at $0.7455, while the daily 21 Simple Moving Average (SMA) is slightly lower at $0.7347. SiDec has also identified the Point of Control (POC), which marks the price with the highest volume, near $0.7318.  The analyst further highlights that Cardanos anchored Volume Weighted Average Price (VWAP) resides within the $0.75 support zone. At the same time, the Pitchfork tools golden pocket aligns dynamically as support around the same area.  ADA Price Path To $0.92 Holds Firm While SiDec eyes a potential crash to new lows for ADA in the near term, the analysts chart also shows a green zone, with a projected bullish bounce drawn. Following its Wave C crash, Cardano is expected to rebound and approach the $0.92 level.  Related Reading: Cardano Price Set For 300% Explosion With Major Bullish Impulse The TradingView analyst has advised caution around this area, as $0.92 acts as a significant resistance zone and coincides with a prior liquidity zone that could trigger rejection or profit-taking.  SiDec has emphasized that the risk-to-reward ratio around this area will only become favorable once there is clear confirmation, such as an SFP, a bearish engulfing candle, or visible divergence. Overall, if the $0.75 support zone holds, Cardano, which is currently trading at $0.78, could be positioned for a strong recovery toward $0.92 and beyond. Featured image from Unsplash, chart from Tradingview.com

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XRP Price Prediction: $36 Is In The Cards As 3-Month Timeframe Turns Bullish?

Market sentiment around the XRP price is flipping bullish as technical indicators and recent chart movements suggest a promising upward trajectory over the next three months. With momentum building, a crypto analyst is now eyeing a potential rally that could push XRP as high as $36.  According to a new prediction posted by crypto analyst Dark Defender on X (formerly Twitter), the XRP price is gearing up for a potentially explosive surge to $36.  XRP Price Forecasted To Reach $36 The chart analysis shows that XRP has broken through a crucial three-month resistance trendline that has capped its price action since its 2018 peak. This breakout signals a powerful shift in market structure, indicating that the long-standing bearish trend may be over.  Related Reading: XRP Price Repeating History? 2017-Like Rally To Send Price To $10 Dark Defenders three-month candlestick chart applies the Elliott Wave Theory, mapping out a five-wave bullish structure. The analysis shows that Waves 1 and 2 have already played out, and XRP now appears to be entering Wave 3, which is typically seen as the strongest and longest wave.  If this Wave 3 pattern holds, XRP could be on the verge of its most powerful rally yet. According to Dark Defender, the upside target could reach as high as $36.76, representing a staggering 423.6% increase.  Before XRP reaches this projected price level, Dark Defender has forecasted shortto long-term bullish targets for the cryptocurrency. In the short term, XRP could reach $3.33, with a mid-term goal of $5.85.  Additional milestones along the way include key percentage gain levels that may act as interim resistance zones. A 161.8% gain points to a potential price of around $13.81, while a 261.8% surge suggests a move toward $18.96. If momentum continues, the token could push further to $26.87, aligning with a 361.8% increase.  On the downside, support levels at $2.3620 and $2.222 are expected to act as strongholds in case of any retracement before continuation. Moving forward, Dark Defender has doubled down on his bullish stance on XRPs future outlook, referencing a tweet dated March 17 that boldly declared, XRP is extremely bullish. Clear Path Ahead For The Altcoin As Resistance Thins Out  In an X post released on May 13, Ali Martinez, a prominent crypto analyst, disclosed that on-chain data from Glassnode shows a clear bullish path for XRP, with no signs of major resistance clusters ahead. The analysis based on the UTXO Realized Price Distribution (URPD) indicates that a significant portion of XRP tokens were last moved at lower price levels.  Related Reading: XRP Price Macro Channel Breakout That Puts Targets At $17-$55 The chart also highlights a significant support zone at $2.38, where nearly 1.85 billion XRP, amounting to 2.92% of its supply, were last transacted. This concentration of holders could serve as a psychological and technical support level if the market pulls back. Moreover, the absence of large token holdings at higher price ranges suggests that the price could experience a smoother ascent, unburdened by major resistance from profit-takers. Featured image from Getty Images, chart from Tradingview.com

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Two Major Fibonacci Levels Put XRP Price At $8.40 And $27

XRP’s price action in the past seven days has been nothing short of impressive. The cryptocurrency reached above $2.6 again in the past 24 hours, the first time doing so since early March, about two months ago. This movement has aligned with the uptrend projected by multiple analysts, who are referencing Fibonacci levels to chart XRPs future trajectory. Notably, a crypto analyst’s interesting outlook on social media platform X using Fibonacci levels suggests that XRP will reach $8.40 and $27 this cycle. Analyst Points To Fibonacci Targets At $8.40 and $27 XRP’s price structure in the current cycle has been significantly shaped by its breakout above a tightening wedge formation, which had compressed price action from 2021 through the early months of 2024. This formation, clearly visible on the monthly candlestick timeframe, served as a multi-year consolidation zone that capped upward momentum and defined a range-bound market.  Related Reading: XRP Price At $9 In September: Gann Angle Resistance Grid Predicts Surge The eventual breakout from this structure ended a prolonged bear market and began a fresh bullish phase. Although the past few months have been full of corrections and consolidations after XRP reached $3.31 in January, recent market momentum points to the next leg upward. A crypto analyst on social media platform X has pointed to two Fibonacci extension levels that could serve as the target zones during XRPs next impulsive wave up. According to the analysis, XRP reached both its 1.272 and 1.618 Fibonacci extension targets in the last cycle after breaking from a similar multi-year wedge accumulation structure in 2017. Interestingly, this move in 2017, leading up to the current price action, is part of the same Elliott wave count structure. As shown in the chart, XRP launched from a low of $0.00310 in 2017 to an all-time high of $3.40 in 2018 during its third wave (labeled (3)), hitting both Fibonacci extension levels of 1.272 and 1.618 before retracing in wave four.  According to the analyst, the current price action since 2020 constitutes the formation of the fifth impulse wave. Applying the same extension logic to the current structure from the 2020 low of $0.11379, a move to these Fibonacci extensions points to a target of $8.40 at 1.272 and $27.23 at the 1.618 extension. XRP To Reach $8.40 Or Even $27 This Market Cycle? Whether XRP can realistically surge to $8.40 or even $27 during this market cycle is yet to be seen. Although the 2017 to 2018 rally where XRP climbed over 1,000% in a matter of weeks offers a compelling case, market conditions today are more complex. The amount of inflows and trading volume needed to push the XRP price to such levels would be far greater than those witnessed before.  Related Reading: XRP Price Cross That Led To 20x Rally In 2017 Returns However, from a technical perspective, these Fibonacci targets can be reached when considering how similar price structures have behaved in the past. An example is the rally from $0.00310 to over $3.40 in 2017. One similar analysis from crypto analyst Ali Martinez suggests that the XRP price could reach $15 very soon. At the time of writing, XRP is trading at $2.50, up by 3.4% in the past 24 hours with an intraday high of $2.61. Featured image from Getty Images, chart from Tradingview.com

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Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Heres When

The Bitcoin price is once again at the center of attention as it continues its upward climb in what appears to be the final phase of the current bull cycle. Riding on the back of macroeconomic optimism and institutional interest, Bitcoin is showing renewed strength, with technical analysis forecasting a final pump to a new ATH above $120,000. Once the flagship cryptocurrency completes this move, its price is forecasted to crash down to $60,000, signaling the onset of the bear market.  Bitcoin Price To Surpass $120,000 In 2025 Xanrox, a crypto analyst, has shared a new Bitcoin price prediction on TradingView, forecasting a bullish run to a new all-time high and a subsequent crash to major lows. Expanding on his optimistic projection, the crypto analyst has confirmed that Bitcoin is in the final stages of this bullish cycle, meaning that the cryptocurrency is gearing up for its most explosive price surge yet. Related Reading: The Big Short Coming For Bitcoin? Why BTC Will Clear $110,000 The analyst shared an Elliott Wave technical chart, indicating that Bitcoin is currently in Wave 3 of a five-wave pattern forming an ending diagonal. This structure typically marks the final stage of a bullish cycle, just before a major correction.  Xanrox predicts that Bitcoin will eventually enter two final wave stages (Wave 4 and 5) before reaching a cycle peak. According to his analysis, the ideal range for this bull run lies between $120,000 and $125,000. More precisely, he highlights a Fibonacci Extension target of 1.618 at $122,069 as the potential top of this bull cycle.  The TradingView analyst also notes that this Fibonacci target is the best price to sell and prepare for the bear market thats projected to follow. Notably, this price level aligns with a long-term trend line that stretches from Bitcoins 2017 peak to the 2021 top and the next forecasted 2025 ATH.  Strengthening the analysts conviction of a potential rally to $122,069, Bitcoins historical price behavior reveals a consistent relationship with the 50-week Simple Moving Average (SMA). The analysis highlights that the cryptocurrency has repeatedly bounced off or corrected to this moving average during key turning points in past cycles. This pattern adds further credibility to the bullish outlook.  Next Up: 50% Price Crash To $60,000 Despite Xanroxs optimistic price projection for 2025, the analyst warns of an impending Bitcoin market crash in 2026. Once the cryptocurrency completes its final bullish wave and tops out, the analyst anticipates a steep correction, potentially dragging the price down to $60,000. This projected 50% drop mirrors past cycle declines, particularly the sharp correction seen in the 2018 and 2022 bear markets.  Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 The analysts chart identifies this looming price crash as part of the natural end to Bitcoins 4-year cycle, emphasizing that buying at the projected peak of $122,069 could expose investors to significant downside risk. Instead, Xanrox recommends preparing for this bearish transition by exiting the market within the previously outlined sell zone and waiting for a re-entry opportunity during the expected 2026 dip. Featured image from Getty Images, chart from Tradingview.com

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Bitcoin 6-Month Flight Plan To $188,000, Heres The Roadmap

With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship cryptos journey to new all-time highs (ATHs). The analyst predicted BTC could rally to as high as $188,000 by the sixth month.  The Roadmap For Bitcoins Flight Plan To $188,000 In an X post, Leo Hart outlined Bitcoin’s flight to the moon plan for the next six months, during which he expects the flagship crypto to rally to $188,000. For stage one, which he dubbed the Maximum Power Law Trend Departure, the analyst stated that the target is $108,000, and predicts that BTC will reach this price level in the next two weeks.  Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 He further explained that this Bitcoin price level is 36 days from the first quarter point in his mathematical calculation. The analyst also highlighted the green rectangle near the Power Law Trend in his accompanying chart, which shows the maximum deviation from the PLT.  For the second stage, Maximum Absolute Wave Height (MAWH), Leo Hart stated that Bitcoin’s target at this stage is $145,500, and the timeline is two months. This means that BTC can reach this target by July, which would mark a new ATH for the flagship crypto. The analyst noted that this price target is the peak, represented by the horizontal tangent to the upper boundary in the chart. The third stage is the Red Zone Entry Point (RZEP), and the target is $188,000. Bitcoin is expected to reach this price level in the next four months. However, the analyst didnt explain why BTC can hit this price level.  Meanwhile, he also mentioned a fourth stage called Zero Gravity and Re-entry. He explained that beyond stage 3, market participants will enter a zero-gravity phase with unknown parameters, followed by the descent from orbit, hinting at a potential price crash.  BTCs Journey To A New ATH Has Begun Crypto analyst Rekt Capital indicated that Bitcoins journey to a new all-time high has begun. In an X post, he noted that BTC has rejected from the $104,500 level, which was part of his initial theory on how the flagship crypto could reach a new ATH.  Related Reading: Bitcoin Price Flashes Signal That Has Led To A Surge Every Time Following this rejection, the analyst predicts that the next step is for Bitcoin to hold the $97,000 to $99,000 range as support. Once that happens, he expects the flagship crypto to break out to new ATHs. His accompanying chart suggested that BTC could rally to $110,000 in the short term. Crypto analyst Titan of Crypto also confirmed that the $135,000 target is still in play for 2025.  At the time of writing, the Bitcoin price is trading at around $103,400, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Is Bitcoin Headed For A New ATH After $104,000 Triumph? What This Market Expert Thinks

Since reaching a local bottom of $74,000 in mid-April, Bitcoin has seen a market rebound, creating a price uptrend that has lasted over the past three weeks. Notably, the premier cryptocurrency crossed the $100,000 trade mark in the last week to trade as high as $104,300. Following this impressive feat, market analysis X platform NewThoughtCrypto has shared a technical insight on Bitcoins next move. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply Confidence Builds At Higher Levels Bitcoin Macro Outlook Shows Charge To New ATH But A Market Correction Awaits In an X post on May 9, analysts at NewThoughtCrypto provided a macro and micro forecast of the Bitcoin market using the Elliott Wave Theory. In terms of the broad market outlook using the daily chart, these pundits explain that Bitcoins ascent to $104,300 marks the top of the fifth wave in an impulse phase, hinting the market is due for a correction. For context, the Elliott wave theory states that prices move in two major repeating patterns, i.e, the impulse phase, which represents the market trend and is broken into five waves (i-v), and the corrective phase, which consists of wave A-B-C. After completing wave V of the impulse trend, NewThoughtCrypto analysts explain that Bitcoin is expected to experience a market correction, the target of which is usually around the 0.5 and 0.618 Fibonacci retracement level. Using the $104,300 price level as a market top, the projected correction could draw prices to $86,000 – $89,000, a price range around the wave C in the corrective trend.   Notably, there is potential for Bitcoin to resume its bullish trend before the correction is over, as there would be a price bounce in line with wave B of the corrective phase. However, NewThoughtCrypto experts expect a complete correction before the premier cryptocurrency relaunches its charge for a new all-time high, which is likely to happen in the summer. Related Reading: Dogecoin Price Continuation Shows Rebound, But Resistance Is Mounting At $0.205 Micro Outlook Hints At $106,000 Target Before Correction In a micro view of the Bitcoin market using the 4-hour chart, the analysts at NewThoughtCrypto state Bitcoin appears to have completed waves I, II, and III, with wave III surpassing market expectations. The flagship crypto is now awaiting wave IV, which is always a corrective wave. With a wave III top at $104,300, the expected market correction would push the price to between $100,000 – $101,000. Thereafter, a bullish wave V is to commence driving prices to $106,000 before the corrective trend begins. At press time, Bitcoin continues to trade at $102,810 following a 0.06% increase in the past day. Meanwhile, daily trading volume is down by 6.68% and valued at $62.23 billion. Featured image from Pexels, chart from Tradingview

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XRP Price To Rally To $6: Partially Completed Wave 5 Says Theres Still Room To Run

Bulls appear to be regaining control over the market again as the XRP price gears up for a potential rally to $6. According to a crypto analyst, this forecast is rooted in the Elliott Wave Theory, which indicates that Wave 5, which is the final and usually the most explosive leg up, is getting ready to run.  Elliott Wave 5 Signals XRP Price Explosion In one of his latest Elliott Wave analyses, X (formerly Twitter) crypto expert Dark Defender forecasts a powerful rally for the XRP price, suggesting that the third-largest cryptocurrency could skyrocket to $6 soon. According to the analysis, XRP has been moving in a predictable wave structure since February 2025, and recent price action confirms the partial completion of the monthly Wave 5 bull pattern.  Related Reading: XRP Price At $9 In September: Gann Angle Resistance Grid Predicts Surge The chart shows that since February, XRP has been following what Dark Defender refers to as the green path, aligning with the expected trajectory of the Monthly Wave 4. This wave has recently concluded after unfolding into five smaller sub-waves, highlighting a precise and structured technical behavior.  The fourth sub-wave peaked at around $2.36, a level previously identified as a key confirmation point. As predicted, the XRP price bounced off this level before retracing to $2.07, forming the final leg of sub-wave 5 of the monthly Wave 4.  XRPs current bullish setup reveals that the monthly Wave 5 is now in its early stages, with the drop to $2.07 possibly marking the bottom of the corrective structure. Dark Defender emphasizes that while Wave 5 has already begun, the larger upward move still awaits full confirmation, indicating that there may be significant room left for XRP to rally.  Technical projections place the potential upside target of this Wave 5 near $6.85, representing a sharp bullish breakout if market momentum aligns with the expectations of the wave structure.  Analyst Says The Real Bull Rally Is About To Begin The XRP price is approaching a major technical breakout, as crypto analyst CW highlights the emergence of a classic bull flag pattern. After experiencing months of consolidation, the analyst suggests that the next explosive leg in XRPs price action may be around the corner.  Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds The daily chart reveals a clear bull flag structure, formed after XRPs powerful rally in 2024 when its price jumped from $0.5 to over $2. This aggressive and unexpected move created the flagpole, followed by a multi-month period of consolidation, forming the descending flag pattern.  Now, XRP is testing the upper boundary of the bull flag, trading just above $2.36 at the time of the analysis. A decisive breakout and close above the resistance trendline could trigger a fresh wave of bullish momentum. According to CW, this breakout would mark the beginning of a true bull rally for XRP. Featured image from Pixabay, chart from Tradingview.com

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Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst

Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader maintains a bullish outlook, saying the coin will shake off weakness in the coming session. This aligns with bulls for the better part of Q4 2023 and Q1 2024. Bitcoin Is Falling, Losses $60,000 Bitcoin is under intense liquidation pressure, struggling against the deluge of sellers. Earlier today, BTC broke below $60,000, melting below April 2024 lows. Related Reading: Bitcoin Price Dips Below $57,000: 4 Key Reasons This dump confirmed sellers of April 13, signaling a possible start of a bear formation that may see BTC lose ground, peeling back February and March 2024 gains. Nonetheless, the analyst maintains that the uptrend will remain as long as Bitcoin stays above the $49,000 to $52,000 support zone, soaking up all selling pressure. This assessment, based on candlestick arrangement, can serve as a reassurance to BTC holders. The trader maintains that despite the sell-off, panic is unwarranted at this point.  Referring to the Elliott Wave Principle, a technical analysis indicator, the analyst points out that the coin is simply pausing. For those with a more aggressive trading strategy, the dip, ideally towards the above support zone, could present an opportunity to buy on dips in anticipation of Wave 5. Currently, the analyst notes Bitcoin is in Wave 4, a stage that will take approximately the same time as Wave 2. Then, prices dumped after a brief rally, peaking in May 2023. However, prices rally in Wave 3, pushing prices below $30,000 to fresh all-time highs, peaking at $73,800. The drop from all-time highs to spot rates, looking at the Elliot Wave Theory, could indicate that prices are in Wave 4 before the eventual leg up, ending at Wave 5.  What’s Next? Will BTC Breach $100,000 In Wave 5?  Even so, when BTC will bottom up remains to be known. As things stand, the analyst said traders should watch two exponential moving averages (EMAs) of the 21 and 50 periods. A retest of these dynamic levels could offer support, preparing traders to buy on dips in anticipation of the final Wave 5.  Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 However, the analyst didn’t lay out the next possible target even from the chart. Still, if Wave 3 is around the same length as Wave 5, Bitcoin has a strong chance to surpass $100,000 after the current volatile price action ends. Feature image from DALLE, chart from TradingView

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XRP Will ExplodeAnd This Korean Expert Says Hell Be Laughing At Critics

A Korean financial analyst who uses the name XForceGlobal has made bold claims about XRP’s future price, stating the cryptocurrency could reach between $10 and $20 in the coming months. The confident prediction comes even as XRP currently trades at $2.07 and the broader cryptocurrency market struggles through a prolonged downtrend. Related Reading: Ethereum Slips Below TriangleIs A $1,600 Crash Next? XRP Shows Unusual Strength Amid Crypto Slump While XRP has dropped more than 5% over the past few weeks, this decline is significantly less severe than what other major cryptocurrencies have experienced. According to the report, top cryptocurrencies like Ethereum have fallen by over 40% in the last three months. Similar sharp drops have hit other popular coins such as Solana and Dogecoin. XForceGlobal, who describes himself as a Certified Elliott Wave Analyst, pointed out that XRP has maintained its position above recent lows while competing cryptocurrencies have plummeted between 45% and 65% from their peaks. This relative stability forms the foundation of his optimistic outlook. I agree 100%, this is just showing that the possibility being there is just telling us how XRP is in its own league even for just wave counts! XForceGlobal (@XForceGlobal) April 2, 2025 Elliott Wave Analysis Points To Massive Gains The analyst’s forecast is based greatly on Elliott Wave theory, a technical analysis technique which tries to predict market action by finding repeating wave patterns. On the basis of his recognition of a 5-wave pattern, XForceGlobal has consistently predicted that XRP will hit $20 to $40 this year or next. Trillion-Dollar Valuation Projections Questioned By Critics Many market observers remain skeptical of such ambitious price targets. For XRP to reach $10, it would need to surge over 370% from its current price. A move to $20 would require an even more dramatic 850% increase. At such prices, XRP’s market capitalization would be around $1 trillion at the $10 level and $2 trillion at $20. Such valuations would be a first for an alternative currency and are the reasons why many analysts believe such forecasts are unrealistic, at least in the short term. Source: CoinGlass CoinGlass: Trading Interest Grows Despite Market Uncertainty In spite of the continued argument regarding the future of XRP, statistics by CoinGlass indicate increasing interest in the cryptocurrency. Open interest on XRP trades has risen to $3.60 billion over the past few days, reports indicate. This increase indicates that traders are opening positions in the asset irrespective of the direction of the market. I will be laughing at everyone who said $XRP can never hit $10-20. XForceGlobal (@XForceGlobal) April 2, 2025 When asked for the timeline of his price forecast, XForceGlobal was not as definite, indicating that it may take a while before XRP gets to the forecasted $10-20 mark. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Nevertheless, the analyst was confident enough with his technical analysis to assert he would “be laughing at everyone” who are skeptical about XRP’s ability to hit these price levels. With XRP’s year-to-date gains dwindling to mere 0.80%, wiping out all gains since the beginning of 2025, the question is if XForceGlobal’s lofty predictions will materialize or become part of the long list of failed cryptocurrency price projections. Featured image from Gemini Imagen, chart from TradingView

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TITCOIN Whale Accumulation Signals Bullish Trend

Titcoin surges 127% in value over 7 days. Its surge is driven by whale purchases, rapid adoption, and meme hype.

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Bitcoin Price Prediction: The Last Leg-Up That Confirms A Resounding Rally To $150,000

A new Bitcoin price prediction suggests that the flagship cryptocurrency needs just one more leg up to kickstart a powerful bullish move toward $150,000 and beyond. With Bitcoin getting ready to once again hit new all-time highs, technical formations suggest that this projected rally could be the final confirmation of a long-term breakout.   Bitcoin Price Roadmap To $150,000 ATH A new Bitcoin price analysis released by market expert CrediBull Crypto on X (formerly Twitter) predicts that BTC is gearing up for a massive surge to $150,000. The analyst shared a Bitcoin price chart, using Elliott Wave theory on the lower time frames to break down the roadmap to this new all-time high target.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 Bitcoin is currently forming a 5-wave impulse move on the lower timeframe. The recent price action suggests that it has completed sub-waves i, ii, iii, iv, and v, collectively forming what appears to be Wave 1. Following this, the cryptocurrency experienced a collective pullback in Wave 2, which acted as support and now serves as a launchpad for the next major leg in Wave 3the longest and most explosive wave in an impulse sequence.   If the next wave completes to the upside, it would strongly suggest that Bitcoin is not in a corrective pattern but rather an impulsive trend that could take it to a six-figure valuation once again.  CrediBull Crypto has highlighted $89,000 as a critical level for Bitcoin. He suggested that if the cryptocurrency drops below this price zone before pushing higher, the Elliott Wave structure would likely morph into a 3-legged corrective pattern rather than a 5-wave impulse. This move would imply that the projected rally is not the start of a macro breakout, and the market may have to wait longer for a confirmation.  On the other hand, holding above $89,000 and printing a higher high would complete the anticipated final leg up, validating the start of the large Wave 3 on higher time frames. This bullish scenario would support a strong accumulation strategy, where price declines could become opportunities to buy as Bitcoin targets $150,000 or more.  MVRV Golden Cross Signals BTC Bull Rally Bitcoins Market Value to Realized Value (MVRV) ratio has formed a Golden Cross with its 365-day Simple Moving Average (SMA), according to fresh data shared by crypto analyst Ali Martínez. The analyst has shared an optimistic outlook for Bitcoin, highlighting that this technical event could spark the next BTC bull rally.  Related Reading: Bitcoin Price Following Analysts Prediction For Bullish Breakout, Heres The Target The Bitcoin chart, published via CryptoQuant, highlights the MVRV ratio surging above the long-term Moving Average. A rising MVRV ratio typically suggests that BTC holders are once again in profit, and sentiment is shifting from bearish to bullish. The last time this crossover occurred, Bitcoin saw a multi-month rally that pushed its price to new all-time highs. Featured image from Pixabay, chart from Tradingview.com

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Bitcoin Surges as Global Economy Wavers Whats Next for HYPE, ONDO, RNDR, and KAS?

Bitcoin has been experiencing a significant rally in the midst of growing macroeconomic concerns. The surge in Bitcoin’s value has raised questions about whether it is driven by hype or if there are more substantial factors at play. The recent price increase in Bitcoin has led to speculation about other cryptocurrencies like Ondo, RNDR, and [...]

The post Bitcoin Surges as Global Economy Wavers What’s Next for HYPE, ONDO, RNDR, and KAS? appeared first on Crypto Breaking News.

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Bitcoin 2 Months Through Euphoria Wave, How Long Was The Last One?

On-chain data shows Bitcoin has been going through a euphoria wave for two months. Heres how long it was in this phase during the last bull run. Bitcoin Has Been In Euphoria Wave Phase According To Supply In Profit According to the latest weekly report from the on-chain analytics firm Glassnode, the current BTC cycle [...]

The post Bitcoin 2 Months Through Euphoria Wave, How Long Was The Last One? appeared first on Crypto Breaking News.

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Nigerian Crypto Investors Face Account Freezing

Nigerian crypto investors using P2P services are concerned about the Central Bank of Nigeria (CBN) flagging their bank accounts due to their connection to the Flutterwave hack. The situation has discouraged P2P users from using OTC markets, causing businesses to crumble and possible legal repercussions. (Read More)

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Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000

The Bitcoin price action is showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken out and retested its neckline. This technical setup suggests that Bitcoin could be gearing up for a mega rally to $300,000 soon. Analyst Forecasts Bitcoin Price Reversal On Monday, crypto analyst Gert van Lagen took to X (formerly Twitter) to forecast an imminent Bitcoin price surge to $300,000. The analyst presented a detailed price chart depicting the formation of an Inverse Head and Shoulder pattern, showcasing its left shoulder, head, right shoulder, and neckline.  Related Reading: Bitcoin $166,000 Target Still In Play? The Extension That Determines Where Price Goes Next Based on his analysis on X, Lagen highlights that Bitcoin has successfully broken above the neckline of this technical pattern, confirming a possible bullish reversal. Specifically, the Inverse Head and Shoulder pattern is a classic technical indicator that signals a shift from a bearish trend to a bullish trend. The left shoulder of the pattern highlights a price decline followed by a temporary recovery. The head suggests a deep drop, marking the lowest point of the trend. The right shoulder indicates a smaller decline followed by a breakout above the neckline. Bitcoin broke above the patterns neckline around the $86,972 price point. Lagen has pointed out that a successful retest of this neckline could solidify Bitcoins bullish move. This is because, historically, once this pattern is confirmed, cryptocurrencies tend to witness significant upside momentum.  Based on the measured move of the Inverse Head and Shoulder, Lagen predicts that Bitcoin is on track to reach $300,000 this bull cycle. This would represent a whopping 258.4% increase from its current market price. The analyst also highlights a sell line between $340,000 and $380,000; here, traders are likely to exit or take profits.  Supporting this bullish outlook is a parabolic step-like formation on the Bitcoin price chart. Lagen revealed that this follows a series of formations from Base 1 to 4 before triggering an explosive price rally. Currently, Bitcoin has completed Base 3 and is entering its final parabolic phase. This technical formation aligns with the Elliott Wave theory that suggests that a strong Wave 5 could result in a significant price surge.  While the analyst is confident in his $300,000 Bitcoin price projection, he warns that it could be completely invalidated if BTC drops below $72,900 in the weekly timeframe. Furthermore, a break below this threshold could signal a deeper price correction and delay the rally. Update On BTC’s Price Analysis While analysts remain optimistic about Bitcoins future outlook, the cryptocurrency experiences bearish momentum. In just 24 hours, Bitcoin lost virtually all the price gains it had accumulated since President Donald Trump announced plans for a crypto reserve. Related Reading: Bitcoin Flag Pole Pattern Puts Price At $120,000, Analyst Explains The Roadmap The cryptocurrency was trading above $92,000 the previous day. However, Bitcoin has been down 9.18% in the last 24 hours and a whopping 16% over the past month, according to CoinMarketCap. This severe price decline has pushed the value of Bitcoin down to $83,699 as of writing. Featured image from Adobe Stock, chart from Tradingview.com

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XRP Price Could Suffer April Flash Crash, Analyst Shows How Low It Could Go

The XRP price has been consolidating for an extended period after its previous rally. However, a crypto analyst warns that the cryptocurrency could face a flash crash in April, potentially driving its price to new lows. Despite this, the analyst anticipated that the downturn may be short-lived, predicting a rebound shortly after.  MetaShackle, a crypto analyst on TradingView, has shared a chart presenting an Elliott Wave-based analysis of XRPs price movements. The analyst has also used technical levels such as Fair Value Gaps (FVGs), liquidity zones, and trendlines to determine XRP’s next price action. XRP Price False Breakout Ahead Of Flash Crash According to MetaShackles analysis, XRP may be heading for a false breakout in the coming weeks, followed by a sudden flash crash that could liquidate overleveraged traders. While this deep correction could shake out weak hands, the analyst also outlines a path for a massive rally later in the Second Quarter (Q2) of 2025, potentially pushing XRP to a new all-time high.  Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge The XRP price chart follows an advanced 6-wave pattern, with a potential 7th-wave breakout. XRP is currently in Wave 4 of a larger cycle. While Waves 1 to 3 represented a strong upward move, Wave 4 triggered a major correction for the XRP price. If Wave 4 is completed, the cryptocurrencys price could push higher into Wave 5, reaching $2.80 – $3.00, where an FVG awaits. This move would create a false breakout, taking out liquidity above recent highs.  After the projected false breakout, XRP is expected to experience a flash crash in Wave 6 by April 2025. This flash crash will likely hold above the lower white trendline after breaking the upper trendline and targeting the green target area between $1.6 and $1.4 $highlighted by the chart.  The flash crash in April is a theoretical move in which the XRP price retraces sharply before a real breakout. This breakout is expected to start in Wave 7, potentially leading to a price discovery for XRP and reaching a likely target of $3.00 before skyrocketing to new highs above $3.6. Notably, the analyst predicts that Wave 7 will begin in May 2025. The breakout is anticipated to take out previous all-time highs for the altcoin, surpassing its $3.84 price record in 2018. Update On Price Analysis The XRP price is now trading at $2.44 after increasing by 4.56% in the past week. Despite a sharp price crash from its $3.00 high earlier this year, the cryptocurrency remains resilient, and analysts are closely watching its next move.  Related Reading: XRP Threatens Death Cross On 4-Hour Chart, Is Another Crash Coming? Notably, analysts continue to take a bullish stance on the XRP price outlook, predicting a potential breakout in the short term. An X (formerly Twitter) market expert, identified as Steph Is Crypto, forecasts that the asset could surge to $3.4 soon, marking a 39.34% jump from its market price. Featured image from Adobe Stock, chart from Tradingview.com

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Crypto Pundit Says Bears Will Continue To Dominate Ethereum Price, Heres For How Long

Ethereums price has now found itself stuck below $2,000 in the past seven days, and it looks like it will continue here into the next few days with little sign of a significant recovery. The second-largest cryptocurrency by market capitalization has struggled under downward pressure since early March, with sellers dominating the wider crypto market.  Interestingly, recent technical analysis using Elliott Wave theory suggests that bearish dominance will continue for Ethereum into the foreseeable future. The analysis, posted on TradingView, highlights the formation of an ABC correction pattern, which could dictate Ethereums next major move. Ethereums Price Structure Points To Extended Correction According to a crypto analyst known as behdark on the TradingView platform, Ethereum’s recent pivot formations, momentum shifts, and wave degrees all indicate an ongoing correction. This interesting outlook is based on the analyst’s count of Elliott Wave, which shows Ethereum appears to be forming an ABC correction pattern.  Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? This ABC correction pattern has been playing out since November 2021 and has spanned the last three and half years. The ABC corrective trend is a three-wave pattern in the Elliott Wave Theory of major correction. Wave A represents the initial decline, wave B is a temporary retracement or countertrend move, and wave C is the final downward leg, often extending beyond wave A. It would seem wave B, the second wave in the correction pattern, is now completed or nearing completion after Ethereum broke below a trendline around $2,500 in late February. This means that wave C is set to play out, which is going to extend the current bearish trend. The analyst noted that wave C should be a little bit longer in duration than wave A, hinting at a drawn-out decline to a big demand zone between $760 and $530. Two Demand Zones Identified For ETH The analyst outlined two possible market bottoms for Ethereum, referred to as “Demand 1” and “Demand 2.” The first demand zone is between $1,350 and $1,080, and this is where Ethereum might see some buying pressure that will help put an end to the continuation of wave C. Related Reading: Ethereum Is Not Dead: Broadening Wedge Suggests Another Leg-Up Is Coming However, if the first demand zone fails to hold, the Ethereum price may experience an even deeper correction before finding stability. The next zone of stability, in this case, is between $760 and $530. A move to this level will no doubt send the sentiment surrounding Ethereum to an all-time low. However, it can also provide an opportunity for bullish traders to accumulate, as the next move after this zone is the beginning of the next five impulse waves.  Deviating from the negative outlook, the analyst pointed out an invalidation level at $2,941. If Ethereum manages to close a daily candle above this level, the bearish scenario would be nullified.  At the time of writing, Ethereum is trading at $1,930. Given the current structure of price action, the likelihood of Ethereum breaking above $2,941 in the short term appears slim. Featured image from Unsplash, chart from Tradingview.com

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