Author: The Daily Hodl
Analyst and trader Ali Martinez is warning that a bearish signal is flashing on Bitcoin (BTC) amid a correction that has seen the crypto king fall to a three-month low. Martinez tells his 128,800 followers on the social media platform X that a bearish divergence is evident on Bitcoin’s weekly time frame. A bearish divergence occurs when price is recording higher highs and higher lows while an indicator such as the Relative Strength Index (RSI) is recording lower lows and lower highs. The RSI indicator is a momentum oscillator used to determine oversold or overbought conditions. According to Martinez, Bitcoin…
A closely followed economist thinks that Bitcoin (BTC) may be repeating a similar pattern from last year and still has room to run to the upside. Alex Krüger tells his 206,800 followers on the social media platform X that Bitcoin’s latest severe correction is similar to when the flagship crypto asset collapsed to range lows in April 2024 before printing a series of rallies. However, he warns that the uncertainty around US President Donald Trump’s tariff polices remains a big risk for the crypto markets. “The dominant mood across crypto market participants is ‘it is over.’ For good reason. The…
A new decentralized artificial intelligence (AI)-based altcoin is surging to the upside after abruptly gaining support from the world’s largest crypto exchange platform by volume. In a new announcement, Binance says its adding support for MyShell (SHELL), a protocol that allows users to create, share and own AI agents that can be used for professional and personal assistance as well as companionship. News of addition sent SHELL flying as the digital asset went from a low of $0.462 on February 26th to a peak of $0.661 just a day later. SHELL has since retraced and is trading for $0.597 at…
The chief executive of market intelligence firm CryptoQuant says the next few weeks are crucial for Bitcoin (BTC), revealing what his worst-case scenario for the crypto king would look like. In a new thread, Ki Young Ju tells his 408,700 followers on the social media platform X that he expects this cycle to be the longest bull run in history but notes that if BTC fails to hold up, it could find itself near the $77,000 level before eventually mounting a recovery. “Based on the typical two-year cycle, the bull market should last until April 2025 – I mentioned this…
Online payments giant PayPal is reportedly eyeing to expand the user base of its US-dollar-backed stablecoin by integrating the asset into several of its products this year. Bloomberg reports that the California-based firm is targeting its more than 20 million small-to-medium-sized merchants to use PayPal USD (PYUSD) by giving them the option to use the stablecoin to pay vendors through the company’s bill-pay product that will be launched by the end of 2025. PayPal’s small business and financial services group general manager Michelle Gill says the idea is to encourage merchants to invite their vendors to use the PayPal network…
A closely followed crypto analyst is warning that Bitcoin (BTC) may soon plummet into the $70,000 range. In a new thread, crypto trader Justin Bennett tells his 115,800 followers on the social media platform X that Bitcoin may decline by more than 8% of its current value, hitting a 2023 trendline that coincides with a CME gap. A CME gap is the difference between the Friday closing price of Bitcoin and the Monday opening price on the Chicago Mercantile Exchange. “Bitcoin looks determined to close that $77,360 November CME gap, which could intersect with the September 2023 trendline. Probably some…
Cryptocurrency analyst and trader Jason Pizzino is leaning bullish on Bitcoin (BTC) but with a caveat. In a new video, Pizzino tells his 349,000 YouTube subscribers that Bitcoin possesses more upside potential despite the negative sentiment occasioned by the crypto king falling to a three-month low earlier this week. “…it’s just a countdown timer now for the end of the Bitcoin cycle, which could still have several months to go. So for the untrained ear, it sounds like all doom and gloom but this is basically just preparing for something in the future and I’m looking out here for several…
A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap altcoin amid a correction that has seen Bitcoin (BTC) fall to lows last witnessed in November. The analyst pseudonymously known as Bluntz tells his 317,200 followers on the social media platform X that the utility token for the BNB Chain ecosystem, BNB, has not topped out yet. According to the pseudonymous analyst, BNB could go up by at least 25% from the current level in “one final leg” to reach a new all-time high. Based on a weekly chart by the pseudonymous analyst who regularly applies the…
Crypto veteran Arthur Hayes thinks Bitcoin’s (BTC) short-term price outlook will be decided by US politics. The BitMEX founder says on the social media platform X that it’s currently time to “chill out, retrace and wait.” “If Trump can’t pass his budget which spends more and hikes debt ceiling, resume capitulation to levels pre the election day victory: $75,000 to $70,000. This is test of how strong Trump’s hold is on the Republican party.” Hayes also suggests that a lot of the hedge funds that bought BlackRock’s iShares (IBIT) spot Bitcoin exchange-traded fund (ETF) could sell soon if BTC’s price…
A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again. Pseudonymous trader Pentoshi tells his 858,600 followers on the social media platform X that altcoins now have less potential to print the same level of gains seen in 2017-2021 because the market has significantly expanded and the total market cap started at a much higher level this cycle. “Well some updated thoughts. I think for alts, we will never see a run like 2017-2021 again. But I also said that previous to this…