Author: The Daily Hodl
Analyst and trader Ali Martinez is turning bearish on Bitcoin (BTC) after the flagship digital asset printed corrective signals. Martinez tells his 71,200 followers on the social media platform X that Bitcoin could dip nearly 9% from its current value. “Bitcoin broke support! It looks like $55,000 is next.” He looks at the hourly chart’s lower bound of a parallel channel to identify $58,100 as the key level of support that was recently broken as Bitcoin dipped to a low of $57,633 in the last 24 hours. Bitcoin subsequently recovered and is trading for $60,283 at time of writing, up 3.4%…
A closely followed crypto strategist thinks that Bitcoin (BTC) is now raring to ignite the next phase of its bull market. Pseudonymous analyst Kaleo tells his 648,200 followers on the social media platform X that Bitcoin is now in a position to launch rallies that will last until the end of 2025. The trader shares an inverse Bitcoin chart suggesting that BTC will hit the trendline of his logarithmic growth curve by next year to soar to his massive price target of around $220,000. “Alright, I’m giving in. Be more [bullish].” Looking at the trader’s inverse chart, he seems to…
A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that. “Psyops would be to pump price going into unlocks so all early shorters get rekt; plebs buy this thing and chase, and seed investors slowly get to dump. Wouldn’t hold this thing for a long time, but I’d probably lean towards longing it in the short term?…
Rich Dad Poor Dad author Robert Kiyosaki says inflation triggered by money printing is forcing baby boomers to come out of retirement and look for work. Kiyosaki says on the social media platform X that baby boomers can no longer solely rely on their 401k pension payments for day-to-day expenses due to the significant rise in the price of goods and services over the past years. According to the personal finance author, the situation is driving retired boomers to return to the labor market. “They can no longer afford to live on their ‘nest egg.’” Kiyosaki implies that the Fed…
A crypto project that made waves last year with its iris-scanning technology has made its way to a new blockchain. According to a new blog announcement from Sam Altman’s Worldcoin (WLD), the identity-focused project is making the jump to Solana (SOL) via the Wormhole interoperability platform. Says Robinson Burkey, co-founder of the Wormhole Foundation, “Bringing World ID to Solana is a big step forward for identity verification. With the integration of World ID and Wormhole Queries, developers can now easily build applications that prioritize real users across chains, improving trust in decentralized ecosystems.” World ID is Worldcoin’s decentralized identity protocol,…
Former president Donald Trump and his family have confirmed the launch of their upcoming decentralized finance (DeFi) project World Liberty Financial and an accompanying token. In a discussion on the social media platform X with Trump and his three sons, the team confirmed that the upcoming DeFi project will indeed have a governance token dubbed WLFI. While Donald Trump himself didn’t directly comment on the token, crypto investor and entrepreneur Farokh Sarmad acted as a spokesman for the project, issuing the following statement. “The answer is yes, there will be a token. Because I knew you were going to ask…
A widely followed cryptocurrency analyst and trader is saying that Bitcoin’s (BTC) technicals are suddenly looking bullish. The analyst pseudonymously known as Rekt Capital tells his 500,300 followers on the social media platform X that Bitcoin appears to be setting up for bigger moves to the upside. “Bitcoin is performing all the right technical steps to reclaiming the channel bottom (black) as support: Weekly closed above the channel bottom. Retest the channel bottom as support.” The analyst also says that Bitcoin Dominance (BTC.D) – which tracks the percentage of the total market cap that belongs to Bitcoin – is continuing…
Crypto lobbyists are reportedly shelling out $800,000 per day to unseat Ohio Democratic Senator Sherrod Brown, a vocal critic of the digital asset sector. Rolling Stone reports crypto political groups are planning on spending $32 million between August 22nd and the end of September boosting Brown’s opponent, the Republican businessman Bernie Moreno. Money is flowing into the race from a group called Defend American Jobs, a group Rolling Stone reports is “effectively a subsidiary” of Fairshake, a crypto-focused political action committee (PAC) funded by Coinbase, Ripple and Andreessen Horowitz. The digital asset advocacy group Stand With Crypto gives Brown an…
The world’s largest crypto exchange platform by volume is launching futures trading for one under-the-radar altcoin that’s jumped 200% this month. In a new announcement, crypto exchange Binance says that it is launching futures contracts with up to 75x leverage for UXLINK, a decentralized social network using blockchain technology. “Binance Futures will launch the UXLINK/USDT perpetual contract… The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00%/-2.00%. The funding fee settlement frequency is every four hours.” UXLINK is trading for $0.454 at time of writing, up 3x since September 1st when it was trading…
A trader who nailed the May 2021 Bitcoin collapse says one indicator suggests BTC could be primed for fourth-quarter gains. The pseudonymous analyst known as Dave the Wave tells his 146,900 followers on the social media platform X that BTC’s weekly moving average convergence divergence (MACD) indicator is “coming in hot and fast” and approaching a reset. The MACD is a momentum indicator that traders use to watch possible trend reversals. Dave the Wave points to the previous time the MACD reset in late 2023, which corresponded to the beginning of a massive price upswing that saw Bitcoin hit a…