Author: The Daily Hodl

A widely followed crypto analyst is issuing a warning on Bitcoin (BTC), saying that it could witness an extremely bearish scenario even if it surges past a psychological level. In a new strategy session on the TechnicalRoundup YouTube channel, pseudonymous crypto analyst DonAlt says that a severe correction for the crypto king after it breaches $70,000 would deplete all bullish momentum. According to the strategist, the top crypto asset by market cap looks bullish on the weekly time frame, but the situation can abruptly change if BTC witnesses a fake breakout. “We made a new high close last week and…

BlackRock, the largest asset manager in the world, is now holding tens of billions of dollars worth of Bitcoin (BTC), the firm’s data shows. According to the asset management’s disclosures, BlackRock holds 403,725 BTC worth $26.98 billion in its iShares Bitcoin Trust exchange-traded fund (ETF). Blockchain tracking firm Lookonchain says that in the last two weeks alone, BlackRock has gobbled up 34,085 BTC worth $2.3 billion. The iShares Bitcoin Trust ETF (IBIT) went live on January 5th of this year and has since delivered 44.80% returns as of September 30th. In a recent report, BlackRock, a firm with over $10…

Veteran on-chain analyst Willy Woo says that altcoins will get continuously less explosive over time as the crypto market matures. Woo tells his 1.1 million followers on the social media platform X that the current market cycle has been “markedly different” from the others given that it is the third time that altcoins are reaching for mindshare since 2017. Rather than being focused on decentralized finance (DeFi) or some kind of technological innovation, Woo says that the current altcoin hype is mostly focused on memes, which he believes is a poor take on the crypto space. Says the analyst, “I’m…

Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is cementing its role as the ultimate asset that protects investor capital against inflation. In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC is positioned to usurp gold as the top inflation hedge. Palihapitiya says it would be imprudent for Bitcoin investors to time the market as he sees BTC serving a unique purpose for the next century. “I think you can’t trade these things, and any attempt to do it is probably a level of false precision where you’re going to lose…

A widely followed crypto strategist believes that a decentralized oracle running on Ethereum (ETH) is gearing up for a big market reversal. Analyst Michaël van de Poppe tells his 733,600 followers on the social media platform X that he’s bullish on Chainlink (LINK). Van de Poppe predicts that LINK’s immediate resistance will crumble if the altcoin witnesses another upside move. “I believe that LINK will be breaking out in the next one to two weeks. Another test of $13 is going to be the trigger –> $18 next.” At time of writing, LINK is trading for $10.96. Looking at Ethereum…

The chief executive of market intelligence firm CryptoQuant says that Satoshi’s vision for Bitcoin (BTC) could come to fruition by 2030. In a new post on the social media platform X, Ki Young Ju says that the top crypto asset by market cap could start to be seriously considered as a form of digital cash after its 2028 halving when miner rewards are slashed in half. “By around April 2028, during the next halving, Bitcoin’s potential use as a ‘currency’ will start to be seriously discussed as volatility decreases further and the ecosystem matures… Satoshi aimed for Bitcoin to be…

A crypto strategist who accurately called the pre-halving Bitcoin correction this year believes BTC is undergoing a technically sound breakout process.  Pseudonymous analyst Rekt Capital tells his 507,000 followers on the social media platform X that Bitcoin is in the process of flipping a key resistance level into support.  “The old downtrend is now acting as support. Looks like textbook post-breakout confirmation.”  The analyst says Bitcoin needs to close the current week above two crucial levels to cement the breakout.  “A bullish weekly close would be above ~$66,300 (black channel top). A very bullish weekly close would be above ~$67,900…

Economist Alex Krüger is putting traders on notice in regards to Ethereum, saying that one of ETH‘s biggest rivals has already reached escape velocity and will likely continue to outperform. In a post on the social media platform X, Krüger tells his 184,000 followers that “it’s about time to stop betting on ETH the asset,” given its underwhelming performance over the last several years. “Even in the event of a Trump win. When an asset is supposed to go up and it does the opposite, that’s the market telling you something. There are better crypto assets to bet on. Don’t…

A crypto strategist known for earning the “Master Trader” rank on the digital asset exchange Bybit believes Bitcoin (BTC) is setting the stage for a renewed bull market. In a new video, pseudonymous analyst Bluntz tells his 288,200 followers on the social media platform X that Bitcoin has been seeing shallower dips in the low time frame since printing its August low at around $49,000. According to Bluntz, Bitcoin appears to be forming a series of 1-2 Elliott Wave structures, indicating that BTC is preparing for an explosive upside move. “If we can see these wave twos, [they’re] getting shallower…

The decentralized oracle network Chainlink (LINK) is once again the top-ranked ERC-20 project in terms of recent development activity, according to the crypto analytics platform Santiment. Santiment notes on the social media platform X that Chainlink registered 649.03 notable GitHub events in the past 30 days, nearly double the number of the second-ranked project, Ethereum (ETH), which clocked 342.2. The decentralized oracle project also topped the list in June, July and September. The web3 project Status (SNT) ranked third in the past 30 days, registering 270.57 events. Status aims to offer users a secure messaging app, crypto wallet and web3…