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A crypto analyst who accurately forecasted the Bitcoin price increase to the $99,000 All-Time High (...A crypto analyst who accurately forecasted the Bitcoin price increase to the $99,000 All-Time High (ATH) has just released a more detailed analysis of his prediction. The analyst shared a chart highlighting crucial technical indicators and price movements that suggest the cryptocurrency could be gearing up for an even higher ATH. Analyst Projects $105,000 As The Next Price Target Weslad, a TradingView analyst, has raised his Bitcoin price forecast, predicting the next upside target at $105,764 as the crypto market bull run gains momentum. The analyst reported that BTC has officially entered the bull market phase, characterized by explosive price increases and positive market sentiment. Related Reading: Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles His recent bullish prediction of the Bitcoin price is grounded on a key technical pattern known as the “Ascending Channel,” which indicates a bullish trend continuation. This chart pattern consists of two upward-sloping trend lines drawn parallel to each other, representing the resistance and support price levels, respectively. Despite his optimistic outlook for the BTC price, Weslad has revealed that investors should anticipate a corrective move toward the immediate buy-back zone, which would provide an optimal entry point for opportunistic buyers. The analyst has also shared a detailed price chart that highlights the bullish ascending channel and key price levels that Bitcoin could reach in the short-term and long-term. Overview Of The Analyst’s Bitcoin Price Chart Analysis In his 4-hour Bitcoin chart, Weslad visualizes the cryptocurrency’s price action within an ascending channel, highlighting that the BTC is moving upwards within two trendlines. The analyst has provided a detailed roadmap for his $105,764 bullish target for the Bitcoin price. Weslad highlighted the price range between $91,000 and $92,000 as an “important demand zone,” which acts as strong support where buyers are likely to step in if BTC slips any further. He also revealed that the price level at $94,327.99 has been identified as an ”immediate buy-back zone,” which also serves as an optimal entry point if BTC experiences any corrective pullback in its price. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels The analyst has also highlighted $97,537 as the “immediate profit target,” suggesting that traders may consider locking in profits at this critical short-term price level. He has also pinpointed the “mid-term target” for the Bitcoin price, highlighting that the $100,334 mid-term level is important for investors holding longer positions. Lastly, Weslad has highlighted $105,764 as the “projected final target” for Bitcoin, indicating that this may be the ultimate target for the present market cycle. For BTC to reach this bullish price target, it would require only a modest 6.83% increase from its current value. As of writing, the price of Bitcoin is trading at $99,072, marking a 12.73% increase over the past seven days, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

The current CryptoQuant Bitcoin exchange reserve metric stands at approximately 2.5 million coins, w...The current CryptoQuant Bitcoin exchange reserve metric stands at approximately 2.5 million coins, which is the lowest level recorded during this market cycle.

Investors are currently as greedy as they were when Bitcoin surged past $47,000 during the bull run ...Investors are currently as greedy as they were when Bitcoin surged past $47,000 during the bull run in February 2021.

Analysts at VanEck forecast that the price of Bitcoin will reach $180,000 within 18 months, driven b...Analysts at VanEck forecast that the price of Bitcoin will reach $180,000 within 18 months, driven by favorable regulations, increasing institutional interest, and a changing market structure, although they caution about short-term risks. VanEck has reaffirmed its Bitcoin price target of $180,000, predicting that the cryptocurrency will achieve this level within the next 18 months. In a detailed report released on November 21, analysts [...]

On-chain data reveals that a significant portion of Bitcoin's supply has remained inactive for ...On-chain data reveals that a significant portion of Bitcoin's supply has remained inactive for over two years, even as BTC has experienced a remarkable price increase during this time. The trend in Bitcoin's inactive supply suggests that HODLing behavior remains robust. In a recent post on X, Glassnode co-founder Rafael discussed the trends across various bands of Bitcoin's active supply. The 'Active Supply' refers to the portion of Bitcoin's circulating supply that has engaged in at least one transaction over a specified period. The accompanying chart illustrates how the active supply has evolved across different age bands over the last few years. It shows that younger age bands, such as those holding Bitcoin for 1 to 3 months and 3 to 6 months, have seen recent growth, indicating that more recent supply has been moving due to the price surge. In contrast, the older bands have displayed relatively stable activity. The chart stacks all active supply bands up to the 1 to 2-year group to highlight their contribution to the total supply. It appears that these active supply bands account for 46%, indicating that less than half of Bitcoin’s circulating supply has experienced movement in the past couple of years. The two-year cutoff is currently in November 2022, which marked the bottom of the last Bitcoin bear market. This trend suggests that investors who purchased during or before that low have largely opted to HODL their assets. Interestingly, this decision comes despite a price increase of over 500% since then. 'HODLing isn't just a meme,' notes the Glassnode co-founder. Statistically, the longer investors hold their coins, the less likely they are to sell, suggesting that many of the 54% of holders whose coins have been inactive for over two years may continue to hold onto them in the near future. In other news, the Deribit exchange has seen significant Bitcoin outflows in the past day, as highlighted by an analyst in a CryptoQuant Quicktake post. Users on the platform have collectively transferred a net 31,000 BTC to their self-custodial wallets, possibly for accumulation purposes, which could be a bullish indicator for the asset's price. Bitcoin is now approaching the $100,000 target, currently trading around $98,900.

Cramer has had a somewhat controversial history with Bitcoin and cryptocurrency.

A banana duct-taped to a wall sold for $6.2 million. That's right. Six million dollars for frui...A banana duct-taped to a wall sold for $6.2 million. That's right. Six million dollars for fruit that will rot in a week unless you freeze it. But this wasn't about the banana; it was about what it represented: absurd wealth, influence, and the audacity to spend on something completely useless. The banana is now in [...]

As Bitcoin's price surges toward $100K, a Shanghai judge has just ruled that cryptocurrencies a...As Bitcoin's price surges toward $100K, a Shanghai judge has just ruled that cryptocurrencies are legal to own in China. Here’s what this could mean for the future of BTC.

As Bitcoin surges toward the $100,000 mark, reaching a new all-time high of $99,655.50, the sales vo...As Bitcoin surges toward the $100,000 mark, reaching a new all-time high of $99,655.50, the sales volume of non-fungible tokens (NFTs) has decreased by 9.6% to $160.9 million. The global cryptocurrency market capitalization continues to rise, reaching $3.35 trillion.

Analysts are anticipating a potential cycle peak of $20,000 for the Ether price, which is expected t...Analysts are anticipating a potential cycle peak of $20,000 for the Ether price, which is expected to gain momentum in the first half of 2025.

MetaMask Gas Station simplifies DeFi swaps by incorporating gas fees into transaction costs, elimina...MetaMask Gas Station simplifies DeFi swaps by incorporating gas fees into transaction costs, eliminating the need for ETH. The MetaMask Card enables seamless crypto-to-fiat spending, bridging blockchain and traditional finance for everyday transactions. MetaMask has introduced its unique 'Gas Station' feature, which will transform how users interact with the Ethereum mainnet. This new feature removes the...

Inflows into the Ethereum Spot ETF surged to $91.2 million, reversing a six-day streak of outflows.

The supply of Ethena USDe rose by 47.45% last month, reaching $3.75 billion, with an inflow of $119 ...The supply of Ethena USDe rose by 47.45% last month, reaching $3.75 billion, with an inflow of $119 million recorded on November 21. The sUSDe staking rate climbed to 68.4%, its highest level since February, reflecting increased investor engagement with Ethena's ecosystem. Ethena's USDe supply has increased by 47.45% over the past month, reaching an all-time high of $3.75 billion. The stablecoin ...

A dormant Ethereum whale has resurfaced, selling ETH for the first time in eight years and attractin...A dormant Ethereum whale has resurfaced, selling ETH for the first time in eight years and attracting market attention. These strategic sales of ETH reflect calculated moves, aligning with bullish on-chain metrics and long-term holding trends. According to Lookonchain, between January 18 and March 10, 2016, this whale has been inactive before making a significant impact on the crypto market.

Ethereum Spot ETF inflows reached $91.2M on November 22, marking the first net inflow in six days, w...Ethereum Spot ETF inflows reached $91.2M on November 22, marking the first net inflow in six days, while BlackRock's ETF ETHA reported a single-day inflow of $99.67M. Read the original article on coincu.com.

Ethereum (ETH) is gaining prominence as Bitcoin maintains its recent highs. Although ETH is currentl...Ethereum (ETH) is gaining prominence as Bitcoin maintains its recent highs. Although ETH is currently 36% below its all-time high of $4,878 from 2021, analysts anticipate that the second-largest cryptocurrency by market capitalization may be preparing for a significant shift. The Ethereum ecosystem is buzzing with activity, characterized by a surge in institutional investments, rising ETF interest, and increasing transaction volumes. Daily transaction volumes on Ethereum have climbed to 1.22 million from 1.1 million recorded three months ago, according to the latest statistics from IntoTheBlock. While Bitcoin has been the star of this rally, Ethereum historically benefits from profit rotations after Bitcoin's movements. Currently, Ethereum's on-chain activity shows evenly spaced potential resistance levels. Despite the modest increase, it indicates consistent network usage, which is fundamental to Ethereum's long-term value and highlights its ongoing relevance in the crypto sector. In the past week, institutional buyers purchased over $1.4 billion worth of Ethereum (ETH), stirring the crypto community. During the same period, $147 million flowed into Spot Ethereum ETFs, reflecting growing optimism about ETH's future. Ethereum whales have acquired over 430,000 ETH in the last two weeks, valued at over $1.40 billion. Trading volumes for Ethereum ETFs reached a record $1.63 billion last week, marking a 44% weekly increase. Analysts note that this trend aligns with patterns seen in Bitcoin ETFs, which often experience initial stagnation followed by sustained growth. Consequently, Ethereum's price surged by 25%, marking its largest weekly gain in six months. Many interpret these developments as indicators that Ethereum is gaining momentum, potentially leading to further benefits. However, while there are positives, growth in Ethereum's network sends mixed signals, as new ETH addresses created are lower than those seen in previous bull markets. Experts attribute this to Layer 2 solutions like Base, which enable faster and cheaper transfers built on Ethereum’s infrastructure, making direct connections to the main Ethereum chain less critical. Nonetheless, Ethereum's significance remains untouched by Layer 2 growth, as tokens continue to be vital in the decentralized finance (DeFi) and NFT ecosystems. This expansion actually strengthens Ethereum’s core function while also enhancing its scalability and accessibility. Additionally, ETH is becoming less correlated with BTC, with the 180-day BTC-ETH Pearson correlation at a three-year low. A 10% rise in Bitcoin could only yield a 3% gain for Ethereum, suggesting that each asset is now following its own trajectory. Ethereum's autonomy from Bitcoin is becoming increasingly apparent, with the 180-day correlation between the two cryptocurrencies dropping below 0.5. Analysts suggest this shift indicates that Ethereum is now more influenced by its unique market dynamics than by Bitcoin's price fluctuations, necessitating an independent assessment of Ether's potential. Ethereum is proving to be more than just Bitcoin's counterpart; it is charting its own course in the crypto landscape through the adoption of Layer 2 solutions, institutional interest, and growing ETF activity.

Meme coins thrive as DOGE and SHIB soar. Cutoshi merges memes with DeFi, driving demand for its vira...Meme coins thrive as DOGE and SHIB soar. Cutoshi merges memes with DeFi, driving demand for its viral CUTO token presale. #sponsoredcontent

The global cryptocurrency market increased by 11.5% this week, reaching a record high of $3.49 trill...The global cryptocurrency market increased by 11.5% this week, reaching a record high of $3.49 trillion and adding $358 billion in valuation. Bitcoin (BTC) surged over 8% during this period as buyers attempted to breach the psychological resistance of $100,000, and...

A well-known crypto analyst believes that the most popular memecoin by market capitalization is posi...A well-known crypto analyst believes that the most popular memecoin by market capitalization is positioned for another upward move. The pseudonymous analyst Altcoin Sherpa informs his 230,700 followers on the social media platform X that Dogecoin (DOGE) is forming a bullish pattern on the four-hour chart after bouncing off the $0.36 level. 'DOGE: this [...]

The Dogecoin price, which has been consolidating since November 12, has formed a rare and bullish ch...The Dogecoin price, which has been consolidating since November 12, has formed a rare and bullish chart pattern known as the high tight flag. This pattern, similar to a bull flag, positions the Dogecoin price for a significant upward movement. Analysts Highlight the Bullish High Tight Flag Pattern.

Cardano (ADA) has shown one of the best performances over the past three weeks, surging over 200% to...Cardano (ADA) has shown one of the best performances over the past three weeks, surging over 200% towards a 2.5-year high. Today, the cryptocurrency rose more than 20% to exceed the $0.90 mark, generating bullish sentiment for the much-anticipated $1 target. On Friday, Cardano broke through the $0.81 resistance and skyrocketed towards $0.90, achieving a new yearly high of $0.97. This performance reflects a 22% increase in the last 24 hours, bringing the token to its highest price since late April 2022. Cardano peaked at over $3.10 three years ago but lost momentum as the crypto market struggled, reaching a low of $0.22 in June 2023. After dropping 92% from its all-time high (ATH), ADA faced significant criticism for underperforming compared to the rest of the market. However, the cryptocurrency rebounded during the Q1 2024 highs, reaching $0.81 before losing 66% of its gains in the following months. The recent market rally has allowed ADA to outperform most altcoins in the last three weeks, reigniting interest in the cryptocurrency. According to CoinGlass data, Cardano’s open interest (OI) surged by 28.25% in the past 24 hours, reaching $855.5 million today. Additionally, it has increased over 11% in the last four hours, indicating heightened activity and confidence among crypto traders. Cardano investors and analysts are optimistic about ADA’s impressive performance. Crypto analyst Ali Martinez noted that Cardano has surged over 200% this month, driven by whales and institutional investors. The volume of large ADA transactions on the network has risen by over 297% since the US elections, reaching $22 billion on November 19. Martinez indicated that these substantial transactions are linked to high accumulation levels, with whales holding $1 million to $10 million in ADA increasing their positions by over 100% in the last 30 days. He also pointed out that ADA appears to be mirroring its price movements from 2020-2021. According to NewsBTC, the analyst suggested that the cryptocurrency could see a 2,000% increase towards the $6 mark if it continues its past behavior. As the price surged past $0.90, Martinez emphasized that the $0.80 resistance, where 48,000 addresses purchased 1.2 billion ADA, is a “key area of support to watch for the bullish thesis to hold.” Analyst Sebastian noted that after the $0.80 resistance, “there isn’t much resistance until $1.2.” Therefore, ADA could potentially see “an explosion from here” and target the long-awaited $1 mark over the weekend. As of this writing, ADA is trading at $0.97, a 46% increase over the past seven days.

Cardano's price action is gaining momentum amidst several high-profile announcements made by it...Cardano's price action is gaining momentum amidst several high-profile announcements made by its founder, Charles Hoskinson. Meanwhile, Kaspa remains in an accumulation phase after reaching its all-time high last August. However, savvy investors are focusing on the next presale opportunity that promises significantly higher crypto gains in the upcoming bull run with the newly launched [...]

AAVE shows bullish signs with the EMA55 and EMA89 crossover and is trading above the MA200 on the we...AAVE shows bullish signs with the EMA55 and EMA89 crossover and is trading above the MA200 on the weekly chart. A potential 800% growth is projected from AAVE's current price to a new all-time high, driven by strong market trends. In his most recent analysis, popular TradingView analyst Alan Santana highlighted in great detail that the long period of consolidation ...

The Dogecoin price has recently displayed a classic bull flag pattern on its price chart, a technica...The Dogecoin price has recently displayed a classic bull flag pattern on its price chart, a technical indicator that often signals continued upward momentum. Over the past seven days, Dogecoin has mainly traded below $0.40 due to ongoing price consolidation. At the time of writing, Dogecoin is trading at $0.39, firmly positioned within the consolidation phase of this bull flag pattern. Crypto analyst KrissPax highlighted this development on the social media platform X, reflecting the current bullish sentiment surrounding the DOGE price. Specifically, this bull flag pattern was noted on the 2-hour candlestick chart for Dogecoin. A bull flag pattern is marked by a sharp price increase (the flagpole) followed by a consolidation period in a downward-sloping channel (the flag). This formation suggests that, upon breaking above the upper trendline of the flag, the asset could resume its prior uptrend. For the DOGE price, the flagpole was formed by the Dogecoin price rally from November 8 to its peak at $0.446. Since then, consolidation has led to the formation of a flag. As KrissPax pointed out, a successful breakout to the upside could drive the DOGE price toward $0.60, with the analyst expecting this breakout to occur by Friday. Clean bull flag on the Dogecoin chart – target $0.60. Could we see the start of the next $DOGE breakout on Friday? Meanwhile, Dogecoin is trading right in the middle of the flag at 38 cents. Market expectations for DOGE's next move show that, at the time of writing, Dogecoin is trading at $0.393. A movement towards the $0.60 mark would represent a price increase of about 53% from the current price. Additionally, reaching the $0.60 price target would set a new 2024 high and a three-year high for Dogecoin, though it would still be about 22% below its all-time high of $0.7326. KrissPax's $0.60 price target aligns with a bullish outlook for the DOGE price among many crypto analysts and traders, with other analysts noting similar patterns. For example, a report from Bitcoinist suggested that the Dogecoin price could surge to its all-time high of $0.73, paving the way for a potential rise to the highly anticipated $1 level. Furthermore, some analysts have predicted that the DOGE price could reach $2 by the end of the year if the current growth rate continues. This optimistic outlook for Dogecoin is reflected throughout the entire Dogecoin ecosystem. On-chain data indicates that Dogecoin whales are capitalizing on the price decline to increase their holdings. Specifically, whale addresses holding between 10 million and 100 million DOGE tokens have purchased over 550 million DOGE in the past week, valued at approximately $214.5 million.

Aaron and Austin Arnold transformed Altcoin Daily into a premier platform for crypto education and b...Aaron and Austin Arnold transformed Altcoin Daily into a premier platform for crypto education and blockchain insights. Altcoin Daily simplifies complex blockchain topics, enabling millions to explore cryptocurrency with confidence and grasp market dynamics. The twin brothers, Aaron and Austin Arnold, behind the well-known YouTube channel Altcoin Daily, have carved out a significant niche in the competitive field...

The Securities and Exchange Commission (SEC) secured orders for $8.2 billion in remedies for the 202...The Securities and Exchange Commission (SEC) secured orders for $8.2 billion in remedies for the 2024 fiscal year, marking a record high for the regulatory agency. This represents a 67% increase from the $4.9 billion in financial penalties collected in 2023. According to the official press release, the regulator filed 583 enforcement actions during the [...]

The Bipartisan Policy Center states that the US government's multi-trillion dollar debt now pos...The Bipartisan Policy Center states that the US government's multi-trillion dollar debt now poses a clear threat to national security. The Washington-based think tank emphasizes in a blog post that the US spent nearly $1 trillion just to cover the interest on its growing national debt during the 2024 fiscal year (FY), which ran from [...]. The post '$36 Trillion US Debt Is a National Security Issue as Massive Interest Payments Accumulate: Washington-Based Think Tank' appeared first on The Daily Hodl.

BRICS is challenging the dominance of the US dollar by promoting the de-dollarization agenda around ...BRICS is challenging the dominance of the US dollar by promoting the de-dollarization agenda around the world.

Gambling and artificial intelligence (AI) solutions took center stage in crypto funding, with both M...Gambling and artificial intelligence (AI) solutions took center stage in crypto funding, with both Monkey Tilt and Canaan Creative securing $30 million each in the third week of November. Total investments surpassed $125 million across various sectors. This is slightly...

Scott Bessent is stepping into a storm. Trump's choice for Treasury Secretary has a lot on his ...Scott Bessent is stepping into a storm. Trump's choice for Treasury Secretary has a lot on his plate: the government's $29 trillion debt, expiring tax cuts, trade wars, booming crypto and stock markets, and even the future of the Federal Reserve. Bessent, who runs Key Square Group, is no stranger to making significant bets.

Binance is expanding its compliance team, aiming for a 34% growth by the end of 2024 to strengthen i...Binance is expanding its compliance team, aiming for a 34% growth by the end of 2024 to strengthen its regulatory efforts and ensure a safer platform for its 240 million users. The company announced plans to increase its compliance workforce to over 1,000 by the end of 2024.

According to a Bloomberg report, the Labour government led by Keir Starmer is set to unveil comprehe...According to a Bloomberg report, the Labour government led by Keir Starmer is set to unveil comprehensive cryptocurrency regulations in early 2025. The announcement is expected to take place at the City & Financial Global Tokenisation Summit in London. Crypto regulations are on their way to the UK, as a senior minister has confirmed that they aim to align with digital asset regulatory developments in Europe and [...]

Jensen Huang, the CEO of Nvidia, stated that the company will comply with legal regulations while pu...Jensen Huang, the CEO of Nvidia, stated that the company will comply with legal regulations while pursuing technological advancements during Trump's administration. This week, Nvidia reported high quarterly revenue due to increasing demand for AI chips. However, investors are worried about the escalating tensions between the US and China as Trump begins [...]

Amazon Inc (AMZN) is investing an additional $4 billion in the AI startup Anthropic, a direct compet...Amazon Inc (AMZN) is investing an additional $4 billion in the AI startup Anthropic, a direct competitor in the AI space.

A former crypto CEO, Loeffler and her husband have close financial ties to the president-elect and h...A former crypto CEO, Loeffler and her husband have close financial ties to the president-elect and his social media company.

Researchers have developed an AI-driven technique to stabilize quantum states, a breakthrough that c...Researchers have developed an AI-driven technique to stabilize quantum states, a breakthrough that could make quantum computing practical.

The energy demands of artificial intelligence and cloud computing are spiraling out of control. Data...The energy demands of artificial intelligence and cloud computing are spiraling out of control. Data centers, once merely power-hungry, are now growing so massive that they could soon surpass entire cities—or even U.S. states—in electricity consumption. Developers of these facilities are racing to secure power and land to keep up with the explosion in demand, driven by [...]

A small AI-powered robot has abducted 12 larger robots from a robotics showroom in Shanghai. The sec...A small AI-powered robot has abducted 12 larger robots from a robotics showroom in Shanghai. The security camera footage of the incident has since gone viral on social media, sparking debates about the safety risks posed by AI. The tiny AI robot, named Erbai, is owned by Unitree Robotics. The footage first surfaced on Chinese...

Season 19 of Fallout 76 has been announced, along with the content plan for the game through the end...Season 19 of Fallout 76 has been announced, along with the content plan for the game through the end of March 2025. The latest season will debut on December 3, and it seems players will be receiving a wealth of new content in Bethesda's popular game. The game has undergone significant changes since […]

Japan's Yomiuri Shimbun reported on Saturday that the Financial Services Agency (FSA) is engagi...Japan's Yomiuri Shimbun reported on Saturday that the Financial Services Agency (FSA) is engaging in closed discussions with 'experts' about implementing a crackdown on Bitcoin and cryptocurrencies in Japan. Some residents are optimistic about the news, as they hope for tax relief through potential legal amendments. Their expectations and the resulting surge in centralized adoption in Japan depend on the [...]