Author: The Daily Hodl
A widely followed crypto analyst says that the top crypto by market cap may be on the verge of an explosive breakout. In a new post on Telegram, pseudonymous crypto strategist Crypto Capo tells his 122,005 subscribers that Bitcoin (BTC) may be heading another leg up if the top digital asset by market cap can break through the $85,000 resistance level. “BTC trying to reclaim $85,000 again. That would be a very clear sign of strength and after that, we should see bullish continuation towards the $90,000 levels.” The analyst previously warned Bitcoin may print a dead cat bounce price pattern,…
Popular macroeconomics expert Lyn Alden believes Bitcoin (BTC) will remain bullish over the coming months. In a new interview with Natalie Brunell, Alden says that Bitcoin is likely to trend higher for another year or so. However, the analyst warns that a Black Swan event, a rare and unanticipated event that catalyzes a massive market meltdown, may cause the flagship crypto asset to plummet. “I think that a lot of the fundamentals look pretty good at the current time. So I expect pretty good performance over the next year or two, but it is subject to not having like a…
Crypto analytics firm Swissblock is saying that the bearish trend for Bitcoin (BTC) could be over. Swissblock says Bitcoin’s bearish structure is “crumbling” as the crypto king breaks out of a bearish compression pattern into a bullish quadrant – a price zone that signals likely upward price momentum. “Historically, this signals more upside, even a brief dip won’t stop it.” Swissblock says the price of Bitcoin held relatively steady earlier this week as equities were declining in value. According to the analytics firm, a low-risk regime favorable to risk assets is approaching, and that will provide a “perfect setup” for…
A closely followed crypto analyst believes one red-hot meme token operating on Solana (SOL) may continue soaring even higher. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin (FARTCOIN) may increase by more than 47% from its current value. “Would rather buy higher (break of $1) or lower ($0.70) for Fartcoin. This is either charging up for a big move up to $1.25 or it’s going to pullback, I don’t have a clue where it goes in the short term. What I do know, however, is that this thing is…
Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins. In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend. Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH). “…now altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year… “ Cowen further says that Bitcoin is likely to continue outperforming altcoins until the US…
Steve Eisman says he’s taking a wait-and-see approach to the stock market right now. In a new interview with CNBC, the famous investor notes he’s dialed down the risk in his personal portfolio. “I’m waiting. I think we’re going to have volatility for quite a while. The Trump Administration has set up a situation where they’re going to be negotiating with multiple countries on multiple issues. It’s not going to take a couple of weeks, it’s going to take a few months, so I think, for the time being, volatility’s going to be here for a while.” Eisman, who’s known…
The world’s largest crypto exchange platform by trading volume is adding a new layer-1 Ethereum (ETH) rival to its launchpool. In a new announcement, Binance says it’s adding Initia (INIT), a blockchain designed to offer rollups and infrastructure for appchain development, to its launchpool. “Binance is excited to announce the 68th project on Binance Launchpool – Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.” Binance’s launchpool was started in 2020 and is a platform that allows traders to earn new tokens passively by staking their existing assets. According to its…
Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Starting with Solana, Martinez tells his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if SOL fails to break above the resistance area that lies below the $138 price. “For all we know, Solana might be retesting the breakout zone from a right-angled ascending broadening pattern, with the $65 target still in play.” Solana is trading at $125 at time…
New data from the market intelligence platform Santiment indicates that Ethereum (ETH) may be on the cusp of a breakout. In a new strategy session, the crypto analytics firm says one metric that historically precedes a recovery for the top altcoin is flashing bullish. According to Santiment, Ethereum’s operation fees are currently at a low, which tends to precede a price rebound for the second-largest digital asset by market cap. “From a trading perspective, historically low fees like this will often precede price rebounds, making buys at these levels generally considered to be lower risk than usual. Generally, fee levels…
The CEO and co-founder of the real-world asset (RWA) crypto project Mantra (OM) unveils a plan to bring back community trust following a massive sell-off of the blockchain’s token. On Sunday, the value of the OM token plunged from a high of $6.35 to a low of $0.37, representing a huge drop of 94%. The price meltdown happened after at least 17 wallets transferred 43.6 million OM tokens ($227 million at the time) to crypto exchanges. In posts on the social media platform X, Mantra CEO John Patrick Mullin announces a token support plan that features a buyback and supply…