BTC’s descent below the 50-day SMA ($115,870) reads like a cursed scroll. Chart-watchers, armed with head-and-shoulders formations, now eye $112K like vultures circling a wildebeest. Should this level crumble? Behold, the abyss yawns at $108K-or worse, $105,150! 🚨
So yeah, Chainlink has entered what I’d call its “decisive bullish phase,” which sounds impressive until you remember that crypto can turn on a dime faster than Larry David deciding whether or not to upgrade his flip phone. The breakout above the value area high apparently confirms structural strength and market demand. Translation: People are buying, but who knows why?
WazirX is moving closer to recovery after a devastating $234 million hack in July 2024, as over 95% of voting creditors have approved a revised restructuring plan. This milestone comes months after the Singapore High Court initially rejected an earlier proposal. Its approval is a new ray of hope to the affected users who potentially can get their compensation within 10 days in case the court approves the new scheme. This information was posted on the WazirX official X account.
Ah, the ever-elusive Bitcoin volatility! It seems to be preparing for a grand performance ahead of Fed Chair Powell’s speech on Friday. 🎭
According to the sagacious analysis of the illustrious Javon Marks, the price action of Dogecoin hath fashioned a series of higher lows since 2024, a most promising development. One might say it is akin to a gentleman’s careful steps upon a dance floor-each movement calculated, each low a testament to the enduring strength of its supporters. 🕺
Our astute analyst, The Long Investor, has pointed out with the fervor of a prophet that Cardano’s price chart has indeed confirmed this golden cross. This technical marvel signifies a shift in the long-term trend, favoring the bulls, much like a well-timed joke that lightens the mood in a tense gathering. This signal, coinciding with a breakout from a double bullish wedge, creates a rare alignment of technicals, suggesting that momentum is beginning to transition into a sustained upward phase, much to the delight of those who have dared to dream.
The daily chart, my dear readers, tells a tale of woe and wiggle. A sharp rejection at $124,517 (ouch! 😣) has left our hero in a downtrend, with lower highs and declining closes. It’s like watching a tightrope walker who’s had one too many cups of tea. ☕ A volume spike confirms the crowd’s panic, while recent candles hesitate at the $112,000-$113,000 support zone. Will it hold? Or will Bitcoin take a tumble into the $110,000 pit of despair? Only time (and Powell’s speech) will tell. ⏳
Since this remarkable elevation, the asset has settled into a converging pattern throughout the year 2025. Yet, recent technical setups, coupled with a robust growth of the network, suggest that a breakout may be nigh-one that could very well conquer the all-time high (ATH). Analysts, with their ever-optimistic outlook, predict that we might even enter a mode of price discovery this very year. How delightful! 😏
Sources-those anonymous yet ever-helpful figures-have disclosed that China’s State Council is preparing to give a rather approving nod to a new plan for the internationalisation of the yuan. This plan, my dear reader, could very well lead to the birth of stablecoins backed by China’s own currency, all in a bid to dethrone the reigning king, the mighty U.S. dollar, from its global throne of dominance.
But hold your crypto horses 🐎-this isn’t a disaster movie. While ETH prices are climbing like my credit card debt, these big wallets are taking a nap. Wedson’s like, “Chill, Bridget Jones, it’s fine!” He’s drawing parallels to Bitcoin’s past dramas and pointing out that the real action isn’t with the whales-it’s with the “sharks.” 🦈 Yes, sharks. Wallets holding 10,000 to 100,000 ETH. Basically, the cool kids of the crypto pool party.
