Analysis Crypto by Thebittimes.Com

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A closely followed analyst believes the meme token Floki (FLOKI) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart. Bluntz uses the Elliott Wave theory, which states that a bullish asset tends to ignite a five-wave upside move after completing an ABC retracement. “FLOKI is another major meme looking turbo bullish in my opinion and heading to ATHs. Price action from the November highs looking like another high timeframe ABC with a fresh impulse looking underway, ATH before the end of the cycle is inevitable in my opinion.” Source: Bluntz/X Based on the trader’s chart, he seems to predict that FLOKI will surge close to $0.0004 by March. At time of writing, FLOKI is worth $0.0002. The analyst is also watching the US dollar index (DXY), which traders use as a barometer fo...

Bitcoin is currently trading at the $98.700 mark and is looking to climb above the $100,000 threshold. Since the start of 2025, the highest BTC topped the charts was $99,840. However, the leading cryptocurrency is now getting support from the US government and also trillion-dollar institutional clients. Therefore, the Bitcoin price target for 2025 remains positive as it is supported by bigger institutional funds. Also Read: Dogecoin: How To Turn $1000 Worth Of DOGE Into $500,000? On Monday, Vivek Ramaswamy, who helmed to run the Department of Government Efficiency (D.O.G.E) along with Tesla CEO Elon Musk, announced that Strive filed to launch a Bitcoin Bond ETF. The US Securities and Exchange Commission (SEC) will most likely approve it after Trump takes office this month. In this article, we will highlight a Bitcoin price target for 2025. Also Read: Ripple’s Legal Battle: Will the SEC Drop the Appeal Under New Leadership? Bitcoin: 2025 Price Target for BTC Source: Watcher Guru Robert ...

Bitcoin’s new price follows after it hit $98,000 yesterday Analyst Skew said there is “positive market signal” and that there is “a lot of aggregate spot supply around $100k” Bitcoin came within touching distance of $100,000 on November 22 as the asset continues its bull run since the beginning of November. Bitcoin nears $100,000. Source: CoinMarketCap Data from CoinMarketCap shows Bitcoin hit a high of $99,500. The record comes after Bitcoin topped $98,000 yesterday, pushed along by the launch of ETF options earlier this week. The rally follows after Bitcoin dipped to $95,000 yesterday afternoon before rallying into the green. Taking to X, analyst Skew said: “Price did see a brief LTF dip before higher thereafter. Still seeing limit bids moving higher with underlying spot buyers ~ positive market signal,” adding: “A lot of aggregate spot supply around $100k. Price currently is chewing away at this supply, be...

A widely followed analyst and trader is leaning bullish on a large-cap altcoin amid a broader crypto market rally. The analyst pseudonymously known as Pentoshi tells his 809,700 followers on the social media platform X that Solana (SOL) is in the “all-time high waiting room.” On the weekly time frame, Pentoshi shares a chart suggesting that Solana has formed a double-bottom pattern, a technical Analysis structure that’s typically considered bullish as buyers step in to keep an asset from printing new lows. Source: Pentoshi/X According to the widely followed analyst, Solana is on the cusp of taking out its resistance at around $204, which has kept SOL bearish since 2022. “While there could be some short-term resistance ahead, I don’t expect to last too long. Structurally this looks great, and in my opinion, dips are for buying. It should be challenging all-time highs this month.” The analyst also says his long-term target for Solana is...

According to prominent cryptocurrency analyst Ali Martinez, Bitcoin (BTC0 may hit a new all-time high of $86,600. The analyst says if BTC can break past $67,400, it could surge to a new local top. If #Bitcoin can break past $67,400, the next potential local top could be around $86,600! pic.twitter.com/xIWq0hFqvQ — Ali (@ali_charts) October 16, 2024 Also Read: Who Will Attend BRICS Summit 2024? Key Leaders Confirmed BTC is inching closer to the $67,400 mark, currently trading at $66,902.29. The original cryptocurrency has displayed robust performance over the last few days, rallying 2% in the daily charts, 7.4% in the weekly charts, 8.6% in the 14-day charts, 14.3% over the previous month, and 145.8% since October 2023. Source: CoinGecko Why Is Bitcoin Rallying? Source – SkyNews October has historically been a bullish month for the cryptocurrency market. BTC’s current rise follows the same historical trend. Also Read: Amazon Inks New AI Partnership: AMZN Set for October...

A cryptocurrency analyst has warned that key fundamentals and technical indicators are signaling a possible major downturn for Bitcoin (BTC) despite the leading digital asset attempting to push further above $60,000. Alan Santana noted that the primary signal for the correction lies in Bitcoin’s repeated failure to sustain key support levels, particularly the 200-day moving average, which closed below in late September, he said in a TradingView post on October 5. At the same time, Bitcoin has been trapped in a descending channel, forming lower highs and lower lows since early April. The most recent touch of the upper trendline, around the $65,000 mark, was followed by another downturn, indicating further bearish pressure. Picks for you One Ethereum rival to turn $100 into $1,000 in 2025 33 mins ago ...