Bitcoin's next big move: Analysts predict it could surpass $71,500. Famous cryptocurrency analyst Checkmate's "Xinkuai Bull Market" theory has ignited people's optimism. According to Checkmate, setting a new all-time high may indicate a significant shift in market sentiment. This bull market phase will represent a significant acceleration of bullish momentum, potentially leading to a substantial price increase. Checkmate's theory is based on the Market Value to Realized Value (MVRV) ratio, which compares the current market value of Bitcoin to the total value paid for all Bitcoins in circulation. Historically, when the MVRV ratio climbs above one standard deviation from its average, it often indicates a shift to a "joyful bull market" phase. However, Checkmate warns that Bitcoin does not always follow the script on the first attempt. The market often exhibits cautious behavior, and Bitcoin may make multiple attempts to break through this key MVRV level before achieving a decisive breakthrough. Bitcoin's recent consolidation period occurred after the surge of Alpha Cryptocurrency to a six-week high of $71,950. Despite a slight pullback, Bitcoin is still comfortably trading near the $70,000 level, with healthy daily trading volume. This price action suggests a pause before the next significant move, making it a tense waiting game for traders and investors at the moment. Rekt Capital, a cryptocurrency analyst, has become a key voice in this ongoing debate. Rekt Capital believes that closing above $71,500 on the weekly candle chart could be a significant catalyst. If this milestone is achieved, it could trigger a surge in bullish momentum and propel Bitcoin towards a significant rise. However, Rekt Capital also acknowledges the possibility of an extended consolidation phase. Historically, Bitcoin has shown a tendency to consolidate within a reaccumulation range for several weeks before experiencing a breakthrough. Rekt Capital believes that this expanded consolidation will bring Bitcoin closer to the historical halving cycles that have occurred before major bull markets in history. Meanwhile, other analysts predict that 2025 could be a landmark year for leading cryptocurrencies globally. Driven by historical price trends and upcoming Bitcoin halving cycles, the high-end forecast of $168,459 represents astonishing potential growth. Supporting this optimistic sentiment are technical indicators pointing to a "bullish" market sentiment and a significant amount of "extreme greed". However, reality is necessary. The huge difference between the predicted highest price and the lowest price ($69,971) highlights the inherent uncertainty in these predictions. The notorious volatility of Bitcoin is evident in the 4.47% price fluctuation in the past 30 days, which further complicates things. While this level of greed indicates investor confidence, it may also be a warning signal of a potential market adjustment. (DataSource: Christian Encila)

Bitcoin Sideways after breaking through $50,000, and there is a big retracement before the big Bull Market? On Tuesday, Bitcoin retreated again, falling as much as 4% from an intraday high of $53,019 to a low of $50,812, before recovering and is currently trading at $51,415.2, down 1.35% in the last 24 hours. Bitcoin's price has roughly Fluctuation between $51,000 and $52,500 over the past week. Bitcoin Sideways after breaking through $50,000, and there is a big retracement before the big Bull Market? Ethereum, the second-largest crypto asset by Market Cap, moved similarly, falling to $2,900 after topping $3,000 for the first time since April 2022. What is behind the Bitcoin price pullback? Crypto Assets trader and analyst Rekt Capital shared the following chart in an X post, saying that Bitcoin has "one last pre-halving retracement" left before resuming its rise. Bitcoin Sideways after breaking through $50,000, and there is a big retracement before the big Bull Market? Independent market analyst Sjuul noted that Bitcoin's funding intrerest rate is high, warning traders that "expect a full correction." In my opinion, this is the Buy the Dips opportunity we are all looking for. 」 According to market intelligence, "big moves by mid-sized traders are often good signals for profit-taking" and "Buy the Dips". "Stable Coin holders with $10,000 to $100,000 in the last 2 weeks: $44.3 million USDT added", suggesting that they may be waiting for a pullback and ready to Buy the dips. One analyst noted that $53,000 is a significant resistance level to the Bitcoin upside, a rejection that could signal further consolidation below that level for the Bitcoin, which coincides with the weekly Ichimoku Cloud chart, a key resistance area on the long-term chart that once limited gains in the second half of 2021. Traders and market analysts believe that the repeated oscillations are part of the "five phases" of the Bitcoin Halving cycle, Bitcoin may experience a pre-Halving pullback and then enter the widely anticipated post-Halving parabolic rise trend. A failed attempt to break above $53,000 could signal further consolidation in the current range after the Bitcoin ETF rose more than 30% after its launch at the end of January. Senior analyst Vetle Lunde said: "The current price level is an important technical level for BTC, coinciding with both the peak of the 'Salvador' Long' rebound in September 2021 and the resistance level before the crash on December 4 of the same year. 」 Analysts note that Bitcoin's stagnant momentum could signal further pullbacks and potential buying opportunities. Crypto Assets Technical Analysis CryptoCon noted that the $53,000 area was also a sign of the top of the last market cycle for the weekly Ichimoku Could , a momentum and trend indicator that posed a major resistance to BTC price in 2016 and 2019, while the breakouts in early 2017 and late 2020 cleared the way for a new rally until an all-time high. According to the chart published by CryptoCon on X, the price of Bitcoin first recovered to similar levels in the first two Bull Market, followed by a long period of consolidation, while the price Fall Below Initial Coin Offering Price abrupt was born in the later stages of the Bitcoin market cycle, after the quadrennial Bitcoin Halving event. Bitcoin Sideways after breaking through $50,000, and there is a big retracement before the big Bull Market? In the post, CryptoCon said, "Ichimoku Could twice marked a mid-top, a rejection point, and a long sideways. Breaking through this point now will be almost a full year earlier than usual. 」 The data shows that Bitcoin traders are eyeing the next phase of the current rebound. The IOMAP model shows that Bitcoin has a very strong support level between $9300 and $9600, with nearly 898,000 holders having previously bought 732,000 BTC and a Long Position of 1 million Addresses around $9800, which can be seen as a resistance for BTC to reach $10,000.00 as investors who previously bought at this price may want to break even. Bitcoin Sideways after breaking through $50,000, and there is a big retracement before the big Bull Market? Independent analyst Ali said that Long buyers are now preparing for a new "battle" to defend the support zone between $52,000 and $51,700, with a closing price above or below this area "will determine the direction of BTC's next move." (Source: Mary Liu)

Golden Finance reported that an analyst from Rekt Capital said that if BTC breaks through $65,000, the price will be ready to enter the range of $65,000-$71,500. If BTC pumps to $71,500, the next important level will be the high of $73,649 on March 13. However, a large number of short positions face the risk of liquidation at $71,500, which means that many futures traders believe that the price will not reach this level for now. According to CoinGlass data, about $1.47 billion in short positions will be liquidated at $71,500. However, the confidence of futures traders has been restored in the past five days, and the total number of open options contracts (OI) (the total number of BTC options contracts held by traders at a specific time that have not been executed) has surged 13% during the same period.

Bitcoin BTC turns weakness into strength: analysts identify major liquidity area at $73,000 Cryptocurrency analyst Dippy has given an optimistic forecast for the future trend of Bitcoin, the flagship cryptocurrency, and believes it may soon reach a new all-time high (ATH). Despite Bitcoin recently falling below $68,000, the situation remains the same. Dippy expressed in a post on X (formerly Twitter) that once Bitcoin reaches the liquidity zone of around $73,000, its price will pump. He pointed out that many shorts' stop loss or liquidation levels are near this price level, which could be a catalyst for this price pump, as the liquidation of short positions easily disperses the shorts. The cryptocurrency analyst also outlined another possible scenario that could be unfavorable for Bitcoin's prospects. He claimed that Bitcoin's surge to this liquidity area may be an illusion, designed to absorb liquidity and then fall again. However, considering that cryptocurrency analyst James Check has marked the $73,000 price level as the level at which Bitcoin may enter the escape velocity phase, the likelihood of experiencing such a big pump increases once Bitcoin reaches $73,000. Cryptocurrency analyst Adrian Zduńczyk also stated that if Bitcoin climbs to the level of $73,000, it is likely to turn the $73,000 area into a support level. He pointed out that Bitcoin has been consolidating within the current ATH area for 14 weeks, which is significant considering Bitcoin's previous weakness. Zduńczyk claims that this is a 'trend-following behavior' as the resistance level becomes a new support level, and Bitcoin will continue to rise. Meanwhile, cryptocurrency analyst Mikybull Crypto believes that the long-term consolidation of Bitcoin in this range may be a good thing. He points out, 'The longer the consolidation period, the higher the increase when it breaks out.' He also notes that the bullish divergence of Bitcoin indicates that this flagship cryptocurrency is 'strong'. Mikybull Crypto expects Bitcoin to rise to $85,000 and then to $110,000 when this long-awaited breakout occurs. Crypto analyst Rekt Capital also pointed out that it's only a matter of time for the breakthrough. He previously stated that if Bitcoin successfully breaks through the $70,000 range, it will enter the "parabolic rise trend" phase of this market cycle. On June 10th, a large amount of funds flowed out of the US spot Bitcoin ETF, causing Bitcoin to fall below $68,000. Data shows that the total outflow of funds for these funds is $64.9 million, marking the first daily fund outflow for these spot Bitcoin ETFs since May 23rd. It is believed that investors are waiting for the US Consumer Price Index (CPI) inflation data and the Federal Reserve interest rate decision on June 12. It is expected that there will be significant fluctuations in the cryptocurrency market before these events, which may determine the future trend of cryptocurrency assets. (Data Source: Scott Matherson)

The king of cryptocurrencies returns to the throne: Bitcoin soars to $71,000, how much higher can it go? Bitcoin (BTC) is the largest cryptocurrency in the market, once again surpassing the important milestone of $70,000. After a brief consolidation between $67,000 and $69,000, the price is facing strong resistance at this level. However, the upward momentum suggests that Bitcoin may consolidate above $70,000, paving the way to retest the next resistance level at $71,300 and potentially climb to the all-time high (ATH) of $73,700 set in March. The question remains: will BTC maintain its expected upward trend and continue to soar? Cryptocurrency analyst Ali Martinez emphasized the importance of Bitcoin's breakout from the symmetrical triangle on the BTC/USD 1-hour chart. Assuming the breakout is sustained above the $69,330 resistance level, Martinez believes this could propel BTC to $74,400, setting a new all-time high and potentially beyond. Martinez also emphasized that Bitcoin is currently above the +0.5σ pricing range. According to the analyst, if BTC stays above this range, it may rise and test the 1.0σ pricing range at $79,600. Another analyst, Rekt Capital, pointed out that Bitcoin is once again at the upper range of the re-accumulation range. For Rekt, the outlook for Bitcoin remains the same, with the cryptocurrency entering its parabolic phase of the market cycle as long as the weekly closing price is above the upper range. In addition to the analysis provided by Rekt Capital, it is worth noting that Bitcoin's recent rebound from a historical high in mid-March has shown an accelerated cycle compared to previous market cycles. Rekt Capital observed that this cycle accelerated by 260 days. However, due to several months of consolidation, the acceleration cycle has been reduced to about 170 days. Despite adjustments, the cycle is still accelerating, and breaking through the $73,700 mark will indicate that the acceleration cycle may continue. Market expert Crypto Con supports the view that Bitcoin will maintain a positive trajectory by the end of 2024, based on analysis of the 90-day realized profit and loss ratio (RPLR). According to Crypto Con, the first move with an RPLR value exceeding 11 has been completed, consistent with the peak reached at the end of the previous cycle. The second peak of this indicator represents the 'true cycle top' and is expected to occur between September and January 2025. Crypto Con further emphasizes the importance of considering the logarithmic MVRV (Market Value to Realized Value) ratio, which has attracted widespread attention in this cycle. The logarithmic MVRV uses a convergence channel to accurately identify cycle tops and bottoms. From a data perspective, the progress of the cycle may be more advanced than it appears on the surface. In March 2024, the price reached a level similar to the first peak of each cycle. Fortunately, Crypto Con pointed out that there is still enough room for growth before reaching the peak of the cycle. These observations and analyses indicate that Bitcoin shows strong potential for further appreciation. Whether the cryptocurrency can break through key resistance levels and maintain its bullish momentum will determine its future direction over the next few days and whether it can surpass previous all-time highs. The largest cryptocurrency in the current market is trading at $70,800, up 4.4% in the past seven days. (Data Source: Ronaldo Marquez)

The public chain NEAR rose to touch $8, and analysts predict that the price is about to rise, can it reach $10? NEAR, the native token of the NEAR protocol, a Layer 1 (L1) public blockchain, has seen significant gains since the end of 2023, rising significantly in this bull run. As the price of Bitcoin continues to soar, with the price of NEAR soaring by more than 130% in the past month, analysts predict that the bullish momentum is not over yet. At the end of 2023, the NEAR token performed well, doubling in price in mid-December. Since then, the cryptocurrency market has been pushed to the heights of the last bull run. NEAR continues to grow in tandem with the market, and crypto analyst Altcoin Sherpa believes the token's gains are far from over. In a X (former Twitter) post, the analyst shared a chart showing NEAR's performance over the past few days. This performance shows that the coin has been fluctuating between the two levels since yesterday. Altcoin Sherpa's chart shows that the price range for NEAR has hovered between $6.7 and $7.17 over the past 24 hours. As analysts emphasize, this is the upcoming "consolidation of the next round of growth". Previously, Sherpa warned that the $6.9 price level was "the danger zone is approaching." However, the coin broke above that resistance level over the weekend. In addition, crypto trader and analyst Rekt Capital shared a chart showing NEAR revisiting its multi-year macro downtrend. A break above this level will further boost the bullish momentum, pushing the price back into the $20 all-time high (ATH) resistance zone. NEAR has been keeping a close eye on Bitcoin's price performance over the past week. As you can see, over the past 24 hours, the price of the coin has closely followed the movement of the flagship cryptocurrency. NEAR is trading at $7.3, up 4.2% in the past hour. The token's price has increased by 67.8% and 83.1% over a weekly and bi-weekly period, respectively. Crypto trader Doctor Profit expects NEAR to reach $10 soon, as his previous prediction of the coin reaching this price by the end of the year seems closer than expected. The token price of $3 easily doubles in a matter of days. This suggests to analysts that NEAR's next target, $10, will soon be achieved. As the optimistic forecast continues, the token's market cap reached $7.74 billion, up 7.7% on the last day. According to the data, according to this indicator, NEAR ranks among the top 20 largest cryptocurrencies and is currently ranked 19th. However, the daily trading volume has dropped by 20% in the last 24 hours, with a trading volume of $993.5 million. This suggests that despite the good performance and community support, there has been a recent decline in market activity. (Source: Rubmar Garcia)

Odaily Planet Daily News Crypto analyst Rekt Capital analysis shows that since the bottom of the bear market in November 2022, Bitcoin has experienced six significant pullbacks, all of which have exceeded 20% in depth. These pullbacks occurred in February 2023, April to May, July to September, January 2024, March to April, and May to June, with pullback ranges between -16% and -23.7%. As of now, the depth of Bitcoin's pullback is -16%, lasting 35 days, and has not yet reached the standard of the average pullback depth of -22% and average duration of 40 days in this cycle. Therefore, whether from the depth or duration perspective, the current pullback is still below the average level.

Analysts: When Bitcoin could peak in this accelerated Bull Market The current Bitcoin price action and its deviation from the expected cyclical pattern remains a central theme of analysis. Crypto Assets analyst Rekt Capital (@rektcapital) recently shared new insights on X regarding potential spikes in Bitcoin during the current Bull Market, with Bull Market progressing at an atypical rate compared to historical data. In a detailed article, Rekt Capital noted that as of mid-March 2024, Bitcoin not only reached an all-time high, but also about 260 days earlier than the traditional halving cycle. This marks a significant acceleration. "When Bitcoin rose to a new all-time high in mid-March 2024, Bitcoin's cycle accelerated by 260 days compared to the traditional Halving cycle," Rekt Capital said. ” However, this rapid pace did not last. Bitcoin has been in a consolidation phase for the past two months, which has changed its trajectory. Compared to the previous cycle, the acceleration advantage has been reduced to about 210 days. This slowdown is a key factor, as it can lead to resynchronization with the typical Halving cycle. Typically, BTC peaks 518-546 days after the Halving event. The analyst suggested shifting the focus of forecasts from the Halving event to the period after Bitcoin surpassed its previous all-time highs. Historically, BTC prices have tended to reach Bull Market tops within 266 to 315 days of breaching these thresholds. Given that this milestone is achieved again in mid-March 2024, it is expected that the window for the next Bull Market peak may be set between late November 2024 and late January 2025. Nonetheless, a notable trend is that Bitcoin has maintained levels above its old highs for longer and longer periods of time. In 2013, this period lasted 268 days, in 2017 it was extended to 280 days, and in 2021 it increased to 315 days. This pattern suggests an incremental extension of about 14 to 35 days per cycle. "Historically, the number of days Bitcoin over ATH has increased by about 14 days to 35," Rekt Capital explained. ” Add these deltas to the initial range of 266 to 315 days after the old highs, and the peak may extend to 280 to 350 days after the breakout. The adjustment moves the expected peak time frame to between mid-December 2024 and early March 2025. Despite the acceleration of the current cycle, Bitcoin still has the potential to decelerate further, bringing it closer to its Halving cycle. In past cycles, such as 2015-2017 and 2019-2021, Bitcoin peaked at 518 and 546 days after the Halving, respectively. If Bitcoin's acceleration rate continues to decline, the cycle may eventually resynchronize, possibly postponing the peak to between mid-September and mid-October 2025. Rekt Capital explains, "But if Bitcoin continues to drop the acceleration of the current cycle, it will resynchronize with the traditional Halving cycle." "This could lead to peaks that are more in line with historical patterns and deviate from the current acceleration schedule. (Source: Jake Simmons)

Rekt Capital, a well-known cryptocurrency analyst, reported that Bitcoin is currently in a long-term accumulation phase, which is an important consolidation period that helps lay the foundation for potential price pumps. According to data, Bitcoin has transitioned from the pullback phase after the last block reward halving to the accumulation phase. Rekt Capital believes that the current trading range is defined, with price fluctuations between a high resistance level of around $70,000 and a support level around $61,000. Historical data suggests that this phase could last at least 150 days and potentially extend until early October. The analyst emphasizes that the accumulation phase is crucial for stabilizing Bitcoin's market cycle.

币界网报道:近期分析显示,encryption货币分析师Rekt Capital认为Bit币当前处于重新累积阶段,这一阶段对价格下一次上涨至关重要。 根据历史模式,2020年和2016年减半事件后的再累积区间分别持续了160天和154天。 因此,Rekt Capital 推测当前的重新积阶段可能持续到9月 或10初,长达150天甚至更长时间。 他强调了Bit币在重新累积期经历表现不佳和过度时期的重要性,以实现减半前的加速步伐的balance。 建议投资者保持谨慎和patience,尽管减半前取得显著里程碑,但减半后可能需要更long重大成就才能实现可持续Bull Market轨迹。

Shiba Inu Falls Below $0.00003 Again – Can Bulls Reverse Bullish Momentum? The price level of $0.00003 has remained a key point for Shiba Inu over the past few days. The recent market tug-of-war between bulls and bears has made it especially difficult for the Meme token to stay above $0.00003 over the past two days. As we head into a new month, this leads to uncertainty about the direction of the cryptocurrency, as a break below that number could lead to a long-term price reversal. However, the majority of SHIB holders continue to maintain bullish sentiment as cryptocurrencies continue to perform well on the larger timeframe. This has led to optimistic forecasts from cryptocurrency analysts. #山寨季开始# Shiba Inu is currently trading at $0.0000305, up 1.28% over the past 24 hours. Interestingly, the price action of cryptocurrencies was lackluster for most of the weekend. Yesterday it fell to a low of $0.00002958. However, this did not last long, and the cryptocurrency returned above $0.00003 in a matter of hours, indicating that the battle between bulls and bears continues. While this move suggests that the bulls may be tired in the short term, the longer time frame suggests that they may still have the upper hand. This is because SHIB is still up 8.60% over the past 7 days, peaking at $0.00003253 on March 28. Similarly, the cryptocurrency is still up 123% over the past 30 days, although it has reversed most of the gains made earlier this month, with bulls rising to $0.00004456 for the first time since December 2021. Shiba Inu's bullish momentum may have waned from earlier in the month, but some whales continue to add to their holdings in anticipation of a continuation of the upward trend. Crypto analysts are also predicting a bullish outlook in the coming weeks. Crypto analyst Captain Faibik noted that SHIB is gearing up for another 2x rally. His prediction is based on a bullish price formation. The price chart shared by analysts shows that SHIB is currently forming a bullish pennant pattern. According to Captain Faibik, the cryptocurrency Shiba could soar to $0.000058 in April if the flag pattern is broken. Another well-known analyst named Rekt Capital predicted a similar spike based on a repetition of history. According to him, the current trend of SHIB is likely to be similar to the situation in 2021. All it needs to do is break above the major resistance level of $0.0000332 before entering a strong uptrend. (Source: Scott Matherson)

Golden Finance reported that Rekt Capital disclosed data showing that during the 2015-2017 cycle, Bitcoin reached its peak 518 days after the halving; and during the 2019-2021 cycle, Bitcoin reached its peak 546 days after the halving. If history repeats itself, the next bull market peak will occur 518-546 days after the halving, which means that Bitcoin may reach the peak of this cycle in mid-September or mid-October 2025. Earlier this year, this cycle of Bitcoin accelerated by 260 days. However, currently, due to the consolidation over the past 3 months, the acceleration rate has dropped significantly, currently at around 150 days. The longer the consolidation period after the halving of Bitcoin, the better the resynchronization effect of the current cycle with the traditional halving cycle.

Has the rise of Bitcoin come to an end? Top analysts predict that the price will soon adjust. With significant price fluctuations in Bitcoin, different analyses from cryptocurrency analysts depict different short-term trajectories. Renowned cryptocurrency analyst Ali discovered a sell signal on the short-term Bitcoin chart using TD Sequential Indicator. According to Ali's analysis, the TD sequential indicator indicates that the current upward trend of Bitcoin may be losing momentum. This could lead to a correction in the next one to four candles, especially evident on the four-hour chart. On the contrary, another renowned analyst, Rekt Capital, recently put forward a more optimistic viewpoint. According to Rekt Capital, Bitcoin concluded its downward trend in mid-April and entered an upward trend, breaking through the previous resistance level. As Rekt Capital emphasized, the sign of this change is that Bitcoin has formed higher highs for the first time since it dropped to $56,000. This indicates that despite occasional market attempts to unsettle investors, the bull market may continue. The TD Sequential indicator signaled a sell, Bitcoin pumped 7.6% over the past seven days to a 24-hour high of $66,567 before retreating slightly to $65,592. Rekt Capital pointed out the importance of the $60,000 support level, indicating that maintaining this level is crucial for further bullish momentum. He stated that the recent breakthrough of $66,000 proved how quickly market sentiment can shift to a bullish trend. The analyst revealed that the Bitcoin bull market is not over yet. But time and time again, before you can profit from it, the market will try to close your position again and again. At the same time, Mike Novogratz commented on the broader market trends, pointing out that the cryptocurrency industry is at a crucial moment of evolving narratives, and the market landscape may change rapidly, especially with the regulatory developments expected to come in the United States. Mike Novogratz further expands on his macro view, indicating that the coming months could be crucial for the cryptocurrency market as it reacts to new narratives and regulatory developments. He recently predicted that the price of Bitcoin will fluctuate between $55,000 and $75,000 for a period of time, suggesting a consolidation phase before any significant changes occur. (Sourced from: Samuel Edyme)

Cryptocurrency analysts predict that if this happens, the Shiba Inu price will reach $0.0001 A cryptocurrency analyst has raised the possibility of Shiba Inu (SHIB) rising to $0.0001. As part of his analysis, he highlighted certain factors that could cause the meme coin to experience a parabolic price spike. Crypto analyst Bunchhieng said in his analysis that SHIB could reach such a price level if history repeats itself, and SHIB reflects the bullish pattern of the 2021 bull market. He confirmed that based on the pattern he observed from previous bull runs, SHIB has a "very likely" chance of hitting $0.0001. The analyst also tried to dispel the doubts of those who believe that such a price spike is unlikely given SHIB's market capitalization, stating that anything is possible in the crypto world. At the same time, he added that the SHIB burn rate continues to grow exponentially, which is another factor that could have a "positive impact" on the value of the meme coin. Bunchhieng's price prediction also looks feasible when taking into account recent analysis by crypto analyst Rekt Capital, who said in his analysis that SHIB is already mirroring price action since 2021. At the time, he revealed that SHIB, similar to 2021, had successfully retested the price of $0.000026041: a new support level. In a recent update, Rekt Capital also stated that SHIB has shown enough strength to achieve a similar move as in 2021, and said that SHIB's current support level became a resistance level for meme tokens in early 2022. Bunchhieng isn't the only crypto analyst who thinks SHIB could hit $0.0001. Cryptocurrency analyst Javon Marks also predicts that once the Meme coin reaches the $0.000081 price range, it could rise to $0.0001553. Interestingly, these are not even the most optimistic predictions for Shiba Inu. Cryptocurrency analyst Armando Pantoja recently outlined price targets for different crypto tokens, and he predicted that the meme coin could rise to $0.001 after the Bitcoin halving. Meanwhile, crypto analyst Ali Martinez predicts that SHIB could rise to $0.011, although he didn't give a specific timeline for when this unprecedented price spike will occur. Although price predictions vary, it is clear that SHIB is likely to hit a new all-time high (ATH) in this bull run. Xanrox, an anonymous cryptocurrency analyst and trader, believes that this could happen as early as July and predicts that the cryptocurrency token will rise to $0.00008854 by then. (Source: Scott Matherson)

Solana breaks through major resistance and rises above $180, new all-time highs are on the horizon? With its previous price achievements, Solana (SOL) has become one of the largest cryptocurrencies on the market, attracting the attention of investors and traders as its price continues to rise, hitting a new annual high of $172. Solana has actually reached a new 25-month high, reflecting strong positive interest from crypto investors within the sector. As a result, some market experts predict that crypto assets are about to hit new all-time highs. Crypto Jelle, a cryptocurrency trader and analyst, noted that "SOL has surpassed all the important levels that prevented it from reaching new all-time highs." This suggests that digital assets may reach new peaks in the near term, as there are only minor resistance levels ahead. Jelle is optimistic about Solana, claiming that he has been "able to hold it easily since the SOL price was $20". In addition, he also mentioned that he has "no plans to sell" his SOL holdings in the short term, indicating that he believes the token will soar. As Solana continues to rise, Jelle believes the asset will attract many new retailers or investors. In addition, buying SOL can serve as an entry point for them to position themselves for future earnings. According to Crypto Jelle, SOL is one of the largest assets in its cryptocurrency portfolio, tied with Injective (INJ). Jelle asserted that both crypto assets are currently on an upward trajectory, marking the beginning of a bull market. In addition, he claimed that SOL and INJ have re-emerged as "altcoin market leaders." So, in this bull cycle, all other altcoins "will follow in their footsteps." Crypto expert Rekt Capital points out that Solana has the potential to revisit the $208 resistance level in the near term. First, he emphasized that SOL is demonstrating strength similar to the 2021 bull cycle. Since digital assets broke out of the green zone, they have risen by more than 118%. Since breaking through the ascending triangle, it has also gained more than 53%. As a result, he believes that the $208 resistance level is "likely to be tested again" in the coming months. So far, SOL has risen by more than 23% over the past week, indicating an increase in buying pressure in the crypto market. (Source: Godspower Owie)

Parabolic rebound coming soon? Trader's paper profits big dump to 3%, Bitcoin back to $70,000 The world's largest cryptocurrency, Bitcoin (BTC), has been consolidating in the past week, trading between $67,000 and $70,000 after a brief 20% price adjustment, falling to $56,400 in early May. This period coincides with the reinjection of funds into the US spot Bitcoin ETF market, and the selling pressure seems to have dissipated, both in the ETF market and among a broader range of Bitcoin investors. Julio Moreno said that the current price of Bitcoin is $70,000, which is different from the price in March. Moreno pointed out that the selling pressure exerted by traders is much smaller now, as the unrealized profit is only about 3%, compared to 69% at the beginning of March. This indicates that most of the "long selling" has been exhausted, as shown in Figure 1. The data from the market intelligence platform shows that despite the Memorial Day holiday in the United States, which resulted in a temporary suspension of trading in the stock market, the market capitalization of Bitcoin has once again exceeded $70,000. The market intelligence platform sees this as an encouraging sign, as it proves that BTC can perform positively on days that are not closely related to the major stock market, and most of 2022 has been like this. Despite the positive momentum, cryptocurrency analyst Rekt Capital pointed out that the latest weekly chart of Bitcoin closed below the high resistance level of the ongoing "re-accumulation" phase, which ranges from $60,000 to $70,000. This may lead to leading cryptocurrencies further consolidating within this range, consistent with Rekt Capital's argument that the current bull market cycle still retains two phases: the re-accumulation phase after halving and the "parabolic rebound phase". From a historical perspective, Bitcoin often consolidates near historical highs and then enters the most representative stage of a bull market cycle. Analysts say that Bitcoin has indeed consolidated for quite some time near these highs, especially according to previous cycle standards. Although there is still room for further sideways consolidation at these high levels, the remaining time in this phase is slowly running out. This leads people to believe that the long-awaited rebound after the halving, coupled with the revival of investor sentiment, is expected to push the market's largest cryptocurrency to a level higher than the $73,700 reached in mid-March. Therefore, Bitcoin seems to be entering a crucial moment in its current bull market cycle. If historical patterns remain unchanged, the consolidation and re-accumulation that have dominated the market in recent months may soon give way to the next parabolic pump. BTC has increased by 2% in the past 24 hours, and has risen by 10% in the past month. The current trading price of Bitcoin is $70,200. (Data Source: Ronaldo Marquez)

Bitcoin topped $72,000 and crypto analysts predict BTC to rise to $100,000 by April? As Bitcoin (BTC) continues to rise significantly, reaching an all-time high (ATH) of $72,300, cryptocurrency analyst Rekt Capital believes that the Bitcoin bull market could peak within 266-315 days of breaking through the all-time high, possibly in December 2024 or February 2025, by looking at the previous halving cycle and the "acceleration" observed in the current cycle. Rekt Capital's analysis shows that historically the Bitcoin bull market peaked about 518-546 days after the halving event. However, the current cycle shows accelerated growth, decreasing by about 260 days. Analysts say this acceleration has the potential to halve typical cycle lengths, suggesting that Bitcoin's peak in the current bull market could be much sooner than expected. Rekt Capital's view is a measure of bull market peaks when all-time highs are breached, providing valuable insights. In this cycle, Bitcoin recently broke through new all-time highs, suggesting that the market may be a milestone. According to the analysis provided by Rekt, if the acceleration view holds, the next bull market peak is expected to occur within 266-315 days of this breakout, landing between December 2024 and February 2025. Approximately every four years, Bitcoin's halving events have historically played a crucial role in shaping market cycles. Another analyst, Rekt, said that these events reduce the block reward that miners receive, which lowers the supply of new bitcoins, but this time could be different. In contrast, crypto analyst Gert van Lagen shared a price chart showing Bitcoin's recent bullish trend, revealing that the cryptocurrency's value has doubled in 10, 18, and 84 days after surging to new all-time highs. As a result of this massive upward trend, the analyst confidently stated that he believes the price of reaching $200,000 before the April halving cycle has become more reasonable. Other analysts, including Lagan, are predicting a bullish outcome for Bitcoin ahead of the halving event. According to "Bitcoin Therapists," a cryptocurrency analyst on X, Bitcoin is expected to rise to $100,000 by April. In addition, another crypto analyst said that it is expected to rise steadily to an all-time high of $75,000 before the halving. Similar to Rekt's analysis, market expert Crypto Con said that the "traditional four-year cycle" may no longer hold true because Bitcoin reached new all-time highs earlier than expected, and as a result, Crypto Con believes that the "boundaries of Bitcoin" "traditional cycles" are being pushed, which could mark a paradigm shift in Bitcoin's market dynamics. Historically, Bitcoin's price cycle has followed a four-year pattern, characterized by market peaks around four years after each halving event. However, Crypto Con challenges this notion by arguing that the current cycle deviates from the "traditional timeline". Bitcoin recently entered "price discovery mode" and achieved a new ATH about a year earlier than expected, suggesting that the four-year cycle may no longer have predictive power. The analysis shows that the current market trajectory is more in line with the 2017 bull market compared to previous cycles. Comparing the first tops of cycles 1 and 3 (2013 and 2021) to the current one, both instances are on the verge of forming an initial peak around April, reflecting current market conditions. This observation supports the likelihood that Bitcoin's next bull market will peak in late 2024, rather than the previously expected end of 2025. (Source: Ronaldo Marquez)