The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for debt-based, high-yield […]
Bitcoin News
Bitcoin Long-Term Outlook: Analyst Foresees Peak In Late 2025
Following the fourth Bitcoin Halving, Rekt Capital, a popular cryptocurrency trader and expert, has offered a compelling narrative on the future trajectory of Bitcoin, predicting that the crypto asset could peak this bull cycle in the following year. Rekt Capital’s analysis emphasizes on the possibility that this current cycle could reiterate past Halving cycle trends, positioning BTC for significant gains in the coming months.
Bitcoin Could Mirror Past Halving Cycle
According to the analyst, Bitcoin reached its all-time high within 518 days following the Halving in the 2015–2017 cycle. Meanwhile, after the event in the 2019-2021 bull cycle, the digital asset topped out within 546 days. This suggests that the event has always catalyzed massive growth for the leading cryptocurrency asset.
Should the past trend hold, the next bull market top might happen between 518 and 546 days following the recently concluded fourth Halving, particularly around the middle of September or middle of October in 2025, according to Rekt Capital.
The analyst noted that in this cycle Bitcoin is accelerating by about 220 days currently. Thus, the longer time BTC consolidates after this Halving, it will be better for resynchronizing this current cycle with the previous events cycle.
Rekt Capital also noted that Bitcoin has experienced further declines in the three weeks after the Halving, according to historical data from 2016. He has labeled the period as the Post-Halving “Danger Zone,” this is where there is a chance of downside volatility at the range low of the Re-accumulation Range.
In 2016, approximately 21 days after the occurrence, Bitcoin saw a lengthy -11% decline before gaining momentum toward the upside. However, data for 2016 indicates that if there will be downside volatility in this cycle around the Re-Accumulation Range Low, it may happen during the following 15 days.
Although the post-Halving danger zone ends in 15 days, the 2016 data indicates that there may be some negative volatility in the interim, possibly reaching the ,600 Range Low.
Parabolic Phase For BTC
It is worth noting that Rekt Capital anticipates a parabolic phase after the re-accumulation phase is concluded. During this stage, Bitcoin usually sees massive growth leading all the way up to a new all-time high.
In the previous Halvings, Bitcoin would historically consolidate in this Re-Accumulation Range for up to 150 days before ultimately entering a parabolic phase. Once BTC breaks out of this re-accumulation stage, Rekt Capital expects BTC to see a parabolic upside by September this year if it consolidates within the aforementioned timeframe.
At the time of writing, BTC was down by over 5% in the past 7 days and was trading at ,504. Presently, its market cap is down by 1.53%, while its trading volume has increased by over 22% in the last 24 hours.
Bitcoin Peak Pre-Halving Doesn’t Guarantee Further Gains: Analyst
With the fourth Bitcoin Halving just around the corner, Lady of Crypto, a market analyst and trader, has weighed in on claims concerning this bull cycle.
The crypto analyst shared her insights after analyzing the recent market decline and the impending Bitcoin halving this month. According to the expert, there have been speculations that since BTC broke its all-time high early, the cryptocurrency can continue seeing fresh gains.
Bullish Run Misconception: Bitcoin Can Hit Another ATH?
Lady of Crypto has disregarded the claims that this bull cycle will begin early, saying she believed the community was “lied to and suggesting widespread misinformation” and dismissing the current gains as the signs of a widespread bull run.
As The Halving approaches, the analyst noted that Bitcoin and Altcoins are severely down, but this is not the time to panic. Drawing attention to the 2016 and 2020 pre-halving dips, she highlights that BTC plummeted by 30% and 20% shortly before the event.
Meanwhile, during this pre-halving period, BTC has dropped by over 17%, with altcoins falling by 29%. Although the current decline was severe, Lady of Crypto notes that it is in the range of a typical pre-halving dip and a black swan event.
She compares the COVID meltdown, in which BTC fell by 58% and altcoins by 68%, suggesting that the current decline pales in significance.
Lady of Crypto clarified that Bitcoin Spot Exchange-Traded Funds (ETFs) have been a major factor in BTC breaking its peak early, highlighting that the masses have not yet arrived.
The expert then points to social media presence, revealing that the masses are returning to the crypto market. “YouTube views and subscribers show interest in returning gradually, in line with this time last cycle, as do new Twitter followers,” she added.
This Bull Cycle Is Mirroring Past Halving
Except for BTC’s early all-time high break, Lady of Crypto believes this bull run is unfolding similarly to the last two, albeit with more volatility. However, the volatility suggests this will be the biggest bull market ever.
She advises underexposed investors that the dips are the best chance to purchase BTC during a bull run. Meanwhile, if an investor is overexposed, holding the crypto asset has historically been the best course of action, drawing attention to 2020 and 2021 dips.
Addressing fear and panic among investors, Lady of Crypto cautioned that multiple situations might trigger a panic sell during every bull run. Even though these events appear terrible, like the bull run coming to an end, they are just sideshows.
XRP Battle Cry: Must Rally 70% To Reconquer $1 Peak After Market Turmoil
The price of XRP, the native token used on RippleNet for cross-border payments, has remained stubbornly below the coveted mark for months. This, despite a broader cryptocurrency bull run that began roughly six months ago. While some analysts predict a swift surge to bridge the gap, others remain cautious due to ongoing legal battles and a volatile market.
Currently, XRP hovers around .59, a significant distance from the many investors had hoped for. The token has experienced significant volatility in recent months, oscillating between .50 and .65. A brief rally to .75 in March offered a glimmer of hope, but it was quickly followed by a retreat.
XRP: Several Obstacles To Overcome
This underwhelming performance can be attributed to several factors. The ongoing lawsuit between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC) continues to cast a shadow over the token’s future. The SEC alleges that XRP is an unregistered security, a claim Ripple vehemently denies. The uncertainty surrounding the lawsuit has undoubtedly dampened investor sentiment.
Further complicating matters is the prevailing bearish sentiment in the cryptocurrency market. Bitcoin, the world’s leading cryptocurrency, has experienced a significant correction in recent weeks, dragging down the entire market with it. This broader market trend has limited XRP’s potential for independent growth.
Positive Vibe Lingers
However, a wave of optimism persists among some XRP proponents. They point to the token’s underlying utility on RippleNet, a network designed to facilitate faster and cheaper international payments.
RippleNet boasts a growing list of institutional partners, including major banks and financial institutions. This adoption, they argue, positions XRP for significant growth once the legal issues are resolved and the market stabilizes.
Adding fuel to this optimism are analysts who foresee a dramatic price increase for XRP in the near future. Some, like analyst Tylie Eric, have boldly predicted a 60% surge within a short timeframe, citing parallels to the explosive bull run of late 2017.
#XRP.
Im looking for a potential 60% pump in the next 9 days or so to kick things off. pic.twitter.com/nxDwMVJv7t— Tylie E (@TylieEric) March 28, 2024
Others, like EGRAG, a commentator within the XRP community, believe the token is mirroring the pre-bull phase of that period, suggesting an imminent breakout.
#XRP Guaranteed 6X to 10X!
Historical data serves as the blueprint for future movements.
Let’s dive into the minimum and shortest pumps observed when the 21 EMA crosses the 55 MA on 2W TF.
1) Green: 900% –> .5
2) Blue: 585% –> to #XRPArmy GET READY!pic.twitter.com/jmdrHDRnuM
— EGRAG CRYPTO (@egragcrypto) March 28, 2024
Meanwhile, before this cycle’s high, XRP’s price could rise 15 times in the near future, according to a well-known cryptocurrency analyst.
$XRP chart update. 3 day MACD turning bullish at the right time.
pic.twitter.com/VgJAjO0Bru
— CAPT. PARA8OLIC TOBLERONE (@CaptToblerone) February 16, 2024
However, not everyone shares this enthusiasm. Researchers at Changelly, a cryptocurrency trading platform, hold a more conservative view. They believe that reaching by the end of April is unlikely, with their most optimistic target for the month being .75.
The future trajectory of XRP remains uncertain. Overcoming the hurdle will require a confluence of factors, including a favorable outcome in the SEC lawsuit, a resurgence of bullish sentiment in the broader market, and a continued demonstration of RippleNet’s utility.
To make up for the price tag that XRP lost during the last bull market, its current price of .59 would have to rise by around 70% this month.
Featured image from Pexels, chart from TradingView
Bitcoin Final Dance: Analyst Eyes Final Peak Ahead Of Halving
Once again, there is hope for Bitcoin (BTC) as Michael Van De Poppe, a cryptocurrency expert, has spotlighted the potential for the crypto asset’s price to reach a new all-time high before the highly anticipated Halving event commences.
One Final All-Time High For Bitcoin Before Halving
The price of Bitcoin is presently exhibiting new bearish activity, which might trigger negative sentiments in the market over the next few days. Despite the notable decline, Michael Van De Poppe is optimistic that BTC will attain a new height prior to Bitcoin Halving expected to occur this month’s end.
According to the analyst, the digital asset is currently in a consolidation zone. He further identified two distinct crucial levels within the lower timeframes such as the ,000 threshold as a support level and the ,700 mark as a final break out towards the peak.
It is worth noting that Michael Van De Poppe previously forecasted that Tuesday is probably when the real moves are expected to begin as Bitcoin consolidates. Thus, if the coin holds the ,000 level, he will propose a one-last peak test ahead of the halving.
Poppe seems to be confident about his prediction now as he asserts that if one of the two aforementioned crucial levels develops, it will determine the direction of Bitcoin. Due to this, he believes BTC will experience one final pre-halving all-time high.
The post read:
Bitcoin is calmly consolidating. Crucial levels (lower timeframes): ,000 to hold for support, ,700 for a final breakout towards the ATH. If either of the two happens, probably direction is chosen. I think we will have one final ATH test before halving happens.
Following the recent decline, Poppe has issued a warning to the crypto community on how to interact with the price action. “You do not want to chase those massive green candles,” he stated.
He advocates entering the market when BTC‘s price is down by 15% to 40%. Additionally, he addressed those considering investing in altcoins, urging them to invest when altcoins are down by 25% to 60%.
Possible Triggers For The Correction
As of press time, Bitcoin’s price is trading at ,843, demonstrating a decline of over 5% in the daily timeframe. Its trading volume has seen a significant uptick of 66% in the past day, while its market cap has decreased by 5%.
Since its peak of ,000, achieved in early March, the price of Bitcoin has dropped by nearly 10%. One factor considered to have contributed to the retracement was the influx of funds into US Spot Bitcoin Exchange-Traded funds (ETFs), which has since started to calm down gradually.
Data from Wu Blockchain revealed that the products saw an overall net outflow of .84 million on Monday. BlackRock ETF IBIT recorded a net inflow of 5 million, while Grayscale ETF GBTC experienced a single-day net outflow of 2 million. Presently, the historical cumulative net inflow for the BTC spot ETFs is pegged at .04 billion.
Dogecoin Leaps in Value, Reaches First $0.22 Peak Since 2021
The leading meme token by market value, dogecoin, experienced an 18% increase on Thursday, climbing to .22 per coin for its first ascent to this level since 2021. The ‘Dog Father’ Reigns: Dogecoin Soars 43.3% in 7 Days Against the U.S. Dollar The proclaimed ‘Dog Father’ of meme coins, dogecoin (DOGE), has shown a substantial […]
Bitcoin News
From Peak to Present: GBTC’s Bitcoin Holdings Decrease by 266,827 BTC in 71 Days
As of March 22, the bitcoin holdings of Grayscale’s Bitcoin Trust (GBTC) have diminished by 27,917.37 compared to its status three days prior, now amounting to 350,252 bitcoin valued at approximately .2 billion. Since evolving into an exchange-traded fund (ETF) listed on public exchanges, GBTC has shed billions in bitcoin over the preceding 71 days. […]
Bitcoin News
Predicting the Peak — Analysts Gauge the Duration and Climax of the Current Bitcoin Bull Run
Over the past six months, bitcoin’s value has seen a substantial increase, soaring over 160% in comparison to the U.S. dollar during this period. Despite these significant gains, a considerable number of individuals are of the opinion that this upward trend is just beginning. Yet, the exact start of this crypto bull market is still […]
Bitcoin News
Bitcoin Brushes $73,794 Peak Before Midday Price Fluctuations
The price of bitcoin had a tumultuous day on Thursday dropping below the ,000 threshold at 12:30 p.m. Eastern Time only to return back above the ,000 range shortly after. Bitcoin had tapped an all-time price high during the early morning trading sessions on Thursday by briefly tapping ,794. Bitcoin’s Rollercoaster Day Sees Dip Below […]
Bitcoin News
Historical Trends Unveil Bitcoin Peak Timing in Current Bull Cycle
Since the price of Bitcoin broke its previous all-time high, it has shown immense momentum, surging even higher, surpassing the ,000 price mark, while leading the charge to what is considered the “biggest bull run in history.”
Bitcoin Lengthening Cycles Beyond Previous All-Time High
Many crypto analysts predict the world’s largest cryptocurrency will peak within the next few months following the surge. Some have even pinpointed the exact timeframe in which this might happen in this bull cycle.
Rekt Capital, a cryptocurrency analyst and trader, has shared his insights on Bitcoin’s potential to top this bull cycle within the same timeframe as previous bull cycles.
According to Rekt Capital, when Bitcoin breaks its old peak, it usually executes a “Bull Market Top” between 266-315 days. Given that BTC surpassed its previous all-time high last week, 266-315 days might be the approximate time of the next bull market peak.
Specifically, this could happen around late November 2024 or very late January 2025. Even though this cycle is accelerating, Bitcoin’s days above its old peak seem to be taking longer.
The post reads:
Bitcoin broke its old All Time Highs last week, the next Bull Market Peak may thus occur in 266-315 days. That is very late November 2024 or very late January 2025. However, as fast as this cycle may be, it appears that the amount of days that Bitcoin spends beyond past all-time highs is actually lengthening.
Drawing attention to the preceding bull cycles, the expert further emphasized that before topping out in 2013, “BTC’s surge lasted for 268 days.” Also, in 2017, it “topped out in 280 days,” indicating an increase of 14 days.
Meanwhile, in 2021, the crypto asset “rallied for 315 days before reaching its peak,” indicating a 35-day increase compared to 2017. Therefore, this historical trend shows that BTC has exceeded past peaks by an average of 14 and 35 days.
As a result, by adding the initial bull market peak timeframe of 266-315 days with the 14-35 days, Rekt Capital has pinpointed the coin to top out within 280 and 350 days. In particular, this could take place in the middle of December 2024 or in the middle of February 2025.
Is BTC Breaking Its Preceding Pinnacle Too Early?
Dennis Porter, the Chief Executive Officer (CEO) of Satoshi Action Fund, has revealed his optimistic view regarding BTC’s latest milestone. Porter mentioned that the asset reaching a new height marks the first time it has happened ahead of the halving event.
According to the CEO, Bitcoin is witnessing a massive “fund inflow from institutional players not seen in the past.” He added, “many states are now seeking to enact legislation supporting BTC.” Thus, he has urged the community to remain unwavering, as “history is being made.”