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With Bitcoin (BTC) hitting a new all-time high above $125,000, an analyst has noted that the asset is likely to see more momentum, but investors should also expect a correction. According to Analysis by CrediBULL Crypto , the current rally marks the beginning of a broader move toward $150,000 and beyond, though a retracement to lower levels would be both natural and healthy for the market. In an X post on October 5, the analyst highlighted that Bitcoin is in the early stages of a new five-wave impulse pattern.  Bitcoin price analysis chart. Source: CrediBULL Crypto Following the initial breakout, a corrective wave could drive prices back toward a key demand zone between $108,000 and $118,000.  This area is identified as a potential accumulation zone where traders who previously shorted the market may be forced to cover, adding strong support. Additionally, the analyst noted that short-sellers between $118,000 and $108,000 are now trapped after the brea...

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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 ...

A trading expert is projecting that technical indicators support a potential Bitcoin (BTC) rally toward $110,000 as the asset attempts to recover from the weekend sell-off. Notably, Bitcoin briefly plunged below $100,000 on Sunday following a market-wide decline triggered by a U.S. strike on Iran’s nuclear facility, aligning Washington with Israel in the ongoing Middle East conflict. According to an Analysis by TradingShot , the recent drop formed a descending channel similar to the correction between December 17, 2024, and January 13, 2025.  In both cases, Bitcoin broke below the 50-day moving average (MA) and formed a lower low. The January move led to a sharp reversal that retested the all-time high, the analyst noted in a TradingView post on June 23.  Bitcoin price analysis chart. Source: TradingView TradingShot also pointed out that the Relative Strength Index (RSI) is once again testing the 41.20 support level, reinforcing the similarity betw...

A crypto strategist thinks that altcoins are about to upstage Bitcoin (BTC) after years of languishing in the background. Analyst Michaël van de Poppe tells his 789,100 followers on the social media platform X that he thinks the period of altcoin underperformance against Bitcoin is almost over based on the Bitcoin Dominance (BTC.D) chart. The BTC.D chart tracks how much of the crypto market cap belongs to BTC. A bearish BTC.D indicates that altcoins are outperforming Bitcoin. According to Van de Poppe, altcoins are now poised to outpace Bitcoin as the BTC.D chart is flashing a bearish reversal signal on the weekly chart. “The end of the bear market (yes, a bear market on altcoins underperforming Bitcoin) is still here. Strong bearish divergence on the Bitcoin dominance, implying we’re about to reverse and altcoins about to shine. Nothing has changed.”  Source: Michaël van de Poppe/X At time of writing, BTC.D is hovering at 63.89%. Looking a...

An analyst who has earned the Master Trader rank on the crypto exchange Bybit believes that Ethereum (ETH) is gearing up for new upside bursts. Pseudonymous analyst Bluntz tells his 318,700 followers on the social media platform X that Ethereum appears to be in the midst of a five-wave rally on the four-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge before going through a correction. The analyst predicts that Ethereum will still hit his upside target of $3,500 even though President Trump’s latest tariff threats are weighing down markets. “Despite the trump tariff tantrum which happened legit 10 minutes after I went to sleep, I think ETH still looks ok and going to assume a range here.”  Source: Bluntz/X At time of writing, Ethereum is trading for $2,478. The analyst is also bullish on the Ethereum-based memecoin SPX6900 (SPX). Bluntz thinks that SPX is now in an uptre...

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The meme coin industry has been moving rather slowly over the past couple of weeks. While several assets managed to revisit their all-time highs or set new ones, Dogecoin (DOGE) and Shiba Inu (SHIB) were still at a distance. The OG meme cryptocurrency DOGE soared to a high of $0.7376. This happened about four years ago, in 2021. The asset has been struggling to reclaim this milestone again. The closest that DOGE has surged to is $0.4835. Despite this, an analyst is optimistic about the meme coin’s potential ascent. Also Read: Gold Hits Record $3,167: How Trump’s Tariffs Are Fueling the Surge Analyst Urges Investors To Remain Positive Source: Watcher Guru According to an analyst, Dogecoin’s three-month chart is reportedly showing positive indications. In a recent post on TradingView, the expert pointed out that the asset’s price has been forming higher lows. This further suggests an upward trend. But the Relative Strength Index (RSI) is on the decline. A “bullish ...