Analysis Crypto by Thebittimes.Com

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A crypto analyst gaining traction for timely Bitcoin calls is outlining a scenario where BTC breaks free from sideways trading and surges to new all-time highs. Pseudonymous analyst Credible tells his 468,700 followers on the social media platform X that Bitcoin appears to be following an Elliott Wave (EW) pattern where BTC consolidates in the next few weeks before igniting a breakout rally toward the end of July. Elliott Wave theory is an advanced form of technical Analysis that seeks to forecast future price movements by tracking crowd psychology, which often unfolds in recurring wave patterns. Says Credible, “BTC holding up very well over the last few days. As stated in my last update, I think we will test the blue zone sooner or later, whether that be before or after taking our local range highs. From an EW perspective, something like this would be ideal. Although there are, of course, a few different structures that we may see to complete this corre...

Altcoins are gaining some significant attention right now as major cryptocurrency investors, known as “ whales ,” increase their holdings ahead of the upcoming Federal Open Market Committee (FOMC) meeting. The strategic accumulation of specific digital assets by these influential investors signals potential opportunities in the market, and many smaller investors are also paying attention to these movements. With Bitcoin holding steady around $83,000 at the moment, and showing resilience in recent trading sessions, analysts anticipate a shift in liquidity toward alternative cryptocurrencies following the Fed’s decision. Such whale activity often precedes notable price action, especially when major economic policy announcements are on the horizon. Also Read: 2 Reasons Why Shiba Inu (SHIB) ETFs Should Become a Reality Whale-Endorsed Altcoins to Watch Ahead of FOMC Meeting Source: Watcher Guru As the March 19 FOMC meeting approaches, crypto market participants are closely...

This discussion in Space focuses on the largest hacking incident in the history of the cryptocurrency sector, which is also regarded as the largest theft in human history. Colin Wu talks with Bybit executives Shunyet Jan and founder Ben Zhou, presenting the details of the event and the subsequent rescue efforts. The incident involved the theft of about $1.5 billion worth of Ethereum, allegedly carried out by the hacking group from North Korea, Lazarus Group. Bybit managed to restore full withdrawal functionality within 12 hours. It prioritized retail withdrawals, imposed tiered restrictions on institutional clients, and made use of the liquidity support from exchanges such as Bitget and OTC service providers. Currently, the liquidity problems have been resolved. However, the possibility of retrieving the stolen funds is extremely low. The company is working with security teams to investigate the root causes of the vulnerabilities, which may be related to technical issues of the multi-s...