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After beginning the week above the critical $115,000 mark, Bitcoin (BTC) and the broader cryptocurrency market initially showed signs of recovery. However, BTC has resumed its downward trajectory, experiencing a 4% decline over the past 24 hours. This downturn has had a cascading effect on other altcoins, particularly Ethereum (ETH) and XRP. BTC, ETH, XRP’s Plunge Explained With the Bitcoin drop, Ethereum recorded a 5% drop, once again losing the pivotal $4,000 support level, while XRP has suffered even greater losses, plummeting by 7% during the same timeframe. This decline has pushed XRP closer to $2.40 as of Tuesday, highlighting the volatility affecting altcoins in the current market environment. According to Bloomberg, this recent Bitcoin and crypto slide can be attributed to geopolitical tensions, specifically China’s imposition of restrictions on the American units of Hanwha Ocean Co., one of South Korea’s largest shipbuilders. This action is seen as a retaliatory measure against US sanctions targeting the Chinese shipping sector. Bitcoin and the crypto market were already reeling from a brutal selloff that began on October 10, which resulted in approximately $19 billion worth of leveraged positions being liquidated. This selloff, which saw the Bitcoin price drop toward $102,000 last Friday, was triggered by US President Donald Trump’s threats of increased tariffs on China in response to new export controls. Three Scenarios For Bitcoin Market analysts are closely monitoring Bitcoin’s performance, noting that a drop below the $110,000 threshold could initiate a test of the $104,000 to $108,000 liquidity band, according to Timothy Misir, head of research at digital-assets analytics platform BRN. “The market now enters a consolidation phase, characterized by renewed caution, selective risk-taking, and a more measured rebuilding of confidence across both spot and derivatives markets,” commented analytics firm Glassnode. Furthermore, market expert Doctor Profit has outlined three potential scenarios for Bitcoin’s trajectory over the short, mid, and long term on social media platform X (formerly Twitter). In the short term, covering the current month, the Bitcoin outlook is neutral. Although a slightly bullish sentiment was noted yesterday, it has reverted to neutral as new data emerges, emphasizing the need for more information to make a conclusive decision. For the mid-term outlook, spanning one to three months, the sentiment is bearish. The expert indicates that the market has recently entered the early stages of a bear phase. While there may be instances of dead cat bounces, he suggests that the overall direction for the mid-term appears to be downward. Looking further ahead, in the long term (three to twelve months), the analysis remains extremely bearish for Bitcoin and crypto as the macroeconomic environment indicates an impending global economic upheaval, which many believe is closer than it appears. When writing, Bitcoin trades just above its key support for the short-term at $110,300. Featured image from DALL-E, chart from TradingView.com

Macroeconomic Report Analysis: Very few macroeconomic reports are scheduled for Wednesday. The only notable report is industrial production in the Eurozone, which is once again unlikely to impress traders with a strong result. However, expectations for this indicator are already quite low, so exceeding them may be relatively easy. No other significant reports are expected throughout the day. Fundamental Event Overview: Several fundamental events are scheduled for Wednesday, but several important points should be noted straight away. Jerome Powell and Christine Lagarde have both spoken frequently in recent weeks. As a result, the market now has a clear understanding of what to expect from the European Central Bank and the Federal Reserve in the near term. The U.S. government shutdown continues, meaning key macroeconomic indicators are not being published. Without new data, Fed officials have little basis to alter their communication or policy stance. The ECB has likely concluded its monetary policy easing cycle, as it has successfully brought inflation down to its target level. The Bank of England is also likely to enter a prolonged pause in its easing cycle, as inflation in the UK currently exceeds the target by nearly twofold. Therefore, no significant policy shifts or major announcements are expected from central bank officials at this time. General Conclusions: On the third trading day of the week, both EUR/USD and GBP/USD may continue to move erratically and illogically. So far, we have observed declines in both pairs that are difficult to explain from a fundamental perspective. Today, the euro may resume growth and target the 1.1655–1.1666 area, as it has now consolidated above the 1.1571–1.1584 zone. The British pound may also continue its recovery after consolidating above the trendline and the 1.3329–1.3331 resistance area, aiming for the 1.3413–1.3421 target zone. Core Trading System Rules: Signal strength is based on how quickly a clear signal forms—a bounce or breakout. The faster the formation, the stronger the signal.If a level has produced two or more false signals recently, ignore future signals from that level.In a sideways (flat) market, many false signals may occur—or none at all. It's best to stop trading if a flat pattern becomes evident.Trades should be opened between the start of the European trading session and the middle of the U.S. session. All trades should be closed manually afterward.Trades on the hourly timeframe using MACD signals should only be made when there's good volatility and trend confirmation via trendlines or channels.If two levels are within 5 to 20 pips of one another, they should be treated as a single support/resistance area.Once the price moves 15-20 pips in the right direction, stop loss should be moved to breakeven.Chart Elements: Support and resistance levels (targets for buy/sell trades, suitable for setting Take Profit)Red lines: trendlines or channels indicating the current trend or directional biasMACD (14,22,3) histogram and signal line — used as a supplemental signal generatorImportant Note: Major speeches and reports (always listed in the news calendar) can have a significant impact on currency pair movements. During such events, it is best to trade with maximum caution or exit the market entirely to avoid getting caught in sharp price reversals. Beginner traders should remember: Not every trade will be profitable. Developing a sound strategy and utilizing proper money management are key to success over the long run. The material has been provided by InstaForex Company - www.instaforex.com

Dogecoin started a fresh increase above the $0.20 zone against the US Dollar. DOGE is now consolidating and might aim for more gains if it clears $0.2180. DOGE price started a fresh upward move above $0.20 and $0.2050. The price is trading above the $0.20 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.1980 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for more gains if it remains stable above $0.1880. Dogecoin Price Eyes Fresh Upside Dogecoin price started a fresh increase after it settled above $0.1880, like Bitcoin and Ethereum. DOGE climbed above the $0.20 resistance to enter a positive zone. The bulls were able to push the price above $0.2050 and $0.2120. A high was formed at $0.2182 and the price is now correcting gains. There was a move below the 50% Fib retracement level of the recent wave from the $0.1787 swing low to the $0.2182 high. Dogecoin price is now trading above the $0.20 level and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $0.1980 on the hourly chart of the DOGE/USD pair. If there is another increase, immediate resistance on the upside is near the $0.2085 level. The first major resistance for the bulls could be near the $0.2120 level. The next major resistance is near the $0.2180 level. A close above the $0.2180 resistance might send the price toward $0.2320. Any more gains might send the price toward $0.250. The next major stop for the bulls might be $0.2620. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.2120 level, it could start a downside correction. Initial support on the downside is near the $0.20 level. The next major support is near the $0.1980 level and the trend line. The main support sits at $0.1880. If there is a downside break below the $0.1880 support, the price could decline further. In the stated case, the price might slide toward the $0.1720 level or even $0.1650 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1980 and $0.1880. Major Resistance Levels – $0.2120 and $0.2180.

Review of Tuesday's Trades:1-Hour GBP/USD Chart On Tuesday, the GBP/USD pair moved both upward and downward. However, the British pound had additional reasons to decline early in the session. In the morning, the UK released reports on unemployment and jobless claims, which triggered a sell-off in the pound. Contrary to forecasts and expectations, the unemployment rate increased by 0.1%, and the number of newly unemployed rose by 26,000—significantly above projections. As a result, the decline in sterling was entirely justified. In the second half of the day, Jerome Powell offered some relief for the pound. Once again, he stated that the Federal Reserve has no specific plans to cut interest rates and that decisions will be based solely on incoming macroeconomic data. A bit later, Donald Trump threatened to stop importing vegetable oil from China, which hurt the U.S. dollar and contributed to its fall. Overall, we expect a continued decline in the dollar, particularly after the descending trendline was broken. 5-Minute GBP/USD Chart On the 5-minute timeframe, GBP/USD produced more trading signals than EUR/USD and showed higher volatility. In the early morning, a sell signal was generated around the 1.3329–1.3331 zone. After that, the pair moved down to 1.3259. That support level triggered at least three rebounds throughout the day, and by its end, the pair had returned to the 1.3329–1.3331 area. Therefore, beginner traders could have executed two trades, both of which ended with a profit. How to Trade on Wednesday: On the hourly timeframe, GBP/USD continues to form a downward trend, which in our view is long overdue for completion. As previously mentioned, there are no strong reasons for the U.S. dollar to rise over the medium term, so we still anticipate a return to an upward movement. The market remains in a peculiar state. The British pound continues to fall, but there is no clear justification for the decline—outside of technical factors. Much of the current movement appears irrational. On Wednesday, the GBP/USD pair may attempt a continued upward correction, as the trendline has already been broken. A confirmed breakout above the 1.3329–1.3331 zone also opens the path for initiating long positions with a target at 1.3413. On the 5-minute TF, you can now trade at levels 1.3102-1.3107, 1.3203-1.3211, 1.3259, 1.3329-1.3331, 1.3413-1.3421, 1.3466-1.3475, 1.3529-1.3543, 1.3574-1.3590, 1.3643-1.3652, 1.3682, and 1.3763. For Wednesday, there are no major economic releases scheduled in the UK or U.S., so we may see a flat market or low-volatility price action during the day. Core Trading System Rules:Signal strength is based on how quickly a clear signal forms—a bounce or breakout. The faster the formation, the stronger the signal.If a level has produced two or more false signals recently, ignore future signals from that level.In a sideways (flat) market, many false signals may occur—or none at all. It's best to stop trading if a flat pattern becomes evident.Trades should be opened between the start of the European trading session and the middle of the U.S. session. All trades should be closed manually afterward.Trades on the hourly timeframe using MACD signals should only be made when there's good volatility and trend confirmation via trendlines or channels.If two levels are within 5 to 20 pips of one another, they should be treated as a single support/resistance area.Once the price moves 20 pips in the right direction, stop loss should be moved to breakeven.Chart Elements:Support and resistance levels (targets for buy/sell trades, suitable for setting Take Profit)Red lines: trendlines or channels indicating the current trend or directional biasMACD (14,22,3) histogram and signal line — used as a supplemental signal generatorImportant Note: Major speeches and reports (always listed in the news calendar) can have a significant impact on currency pair movements. During such events, it is best to trade with maximum caution or exit the market entirely to avoid getting caught in sharp price reversals. Beginner traders should remember: Not every trade will be profitable. Developing a sound strategy and utilizing proper money management are key to success over the long run. The material has been provided by InstaForex Company - www.instaforex.com

Review of Tuesday's Trades:1-Hour EUR/USD Chart On Tuesday, the EUR/USD pair managed to trade in both directions. In the morning, the euro came under pressure due to weaker-than-expected ZEW economic sentiment indices from both Germany and the Eurozone. In the second half of the day, the U.S. dollar faced pressure due to public remarks by Jerome Powell and Donald Trump. Chair Powell once again stated that the Federal Reserve will make decisions based solely on macroeconomic data and also signaled the end of the quantitative tightening program. Both statements could be interpreted in multiple ways. The market still lacks confidence in whether we will see one or two rate cuts this year, though it leans toward two. At the same time, Donald Trump stated that the U.S. can produce its own vegetable oil domestically instead of importing it from China—an announcement that could easily be construed as another escalation in the ongoing trade conflict. In our view, the dollar doesn't need these comments to continue declining, but technically, a descending trendline is still in place, suggesting that the current dollar strength may be part of a broader sideways channel on the daily timeframe. 5-Minute EUR/USD Chart Two trading signals were formed on the 5-minute chart on Tuesday. First, the pair broke below the 1.1571–1.1584 range, moving down about 19 pips. Later, the price broke back through the same area from below and rose about 20 pips. Thus, beginner traders could have placed two trades—either of which would have avoided losses. If the second position had been closed manually, it could have yielded a modest profit of around 20 pips. How to Trade on Wednesday: On the hourly chart, the EUR/USD pair broke through the trendline several times, driven by somewhat questionable news catalysts. We regard the current movement as entirely illogical. The overall fundamental and macroeconomic backdrop remains negative for the U.S. dollar, which is why we do not expect meaningful long-term dollar strength. As before, we believe the greenback can rely only on short-term technical corrections, which we continue to observe now. On Wednesday, the EUR/USD pair may move in either direction. Logic is scarcely present in current movements, and there's a fair amount of chaos. A correction may begin following the prolonged recent decline, especially given that Trump has announced another round of tariffs on China. Guessing, however, makes little sense. It is far more effective to follow and execute valid trading signals on the 5-minute chart. On the 5-minute TF, consider the levels 1.1354-1.1363, 1.1413, 1.1455-1.1474, 1.1527, 1.1571-1.1584, 1.1655-1.1666, 1.1745-1.1754, 1.1808, 1.1851, 1.1908, 1.1970-1.1988. The only major data point scheduled in the Eurozone for Wednesday is the industrial production report. The U.S. macroeconomic calendar remains empty due to the government shutdown. Core Trading System Rules:Signal strength is based on how quickly a clear signal forms—a bounce or breakout. The faster the formation, the stronger the signal.If a level has produced two or more false signals recently, ignore future signals from that level.In a sideways (flat) market, many false signals may occur—or none at all. It's best to stop trading if a flat pattern becomes evident.Trades should be opened between the start of the European trading session and the middle of the U.S. session. All trades should be closed manually afterward.Trades on the hourly timeframe using MACD signals should only be made when there's good volatility and trend confirmation via trendlines or channels.If two levels are within 5 to 20 pips of one another, they should be treated as a single support/resistance area.Once the price moves 15 pips in the right direction, stop loss should be moved to breakeven.Chart Elements:Support and resistance levels (targets for buy/sell trades, suitable for setting Take Profit)Red lines: trendlines or channels indicating the current trend or directional biasMACD (14,22,3) histogram and signal line — used as a supplemental signal generatorImportant Note: Major speeches and reports (always listed in the news calendar) can have a significant impact on currency pair movements. During such events, it is best to trade with maximum caution or exit the market entirely to avoid getting caught in sharp price reversals. Beginner traders should remember: Not every trade will be profitable. Developing a sound strategy and utilizing proper money management are key to success over the long run. The material has been provided by InstaForex Company - www.instaforex.com

On-chain analytics firm Glassnode has explained how the latest Bitcoin selloff is different from the LUNA and FTX crashes of 2022. Bitcoin Supply In Profit Trend Is Structurally Different For The Latest Crash In a new post on X, Glassnode has discussed how the recent bearish action in BTC compares against some of the past crashes. The analytics firm has used the Percent Supply in Profit to make the comparison. This on-chain indicator measures, as its name suggests, the percentage of the total Bitcoin circulating supply that’s sitting on some net unrealized gain right now. The metric works by going through the transaction history of each token in circulation to see what price it was last transferred or sold at. If this previous transaction price was less than the latest spot price for any token, then it may be considered to be currently sitting on some profit. The Percent Supply in Profit adds up all coins of this type and determines what percentage of the supply they make up. Another indicator called the Percent Supply in Loss tracks the tokens of the opposite type. If one of these indicators is known, the other can simply be calculated by subtracting it from 100, since the total BTC supply must add up to 100%. Now, here is the chart shared by Glassnode that shows the trend in the Bitcoin Percent Supply in Profit over the last few years: As is visible in the above graph, the Bitcoin Percent Supply in Profit hit the 100% mark earlier in the month when the cryptocurrency’s price set its new all-time high (ATH). When the sharp selloff at the end of last week started, the indicator’s value was still well over the 90% mark, meaning the vast majority of investors were in the green. As such, the crash was more profit-driven, with losses mostly coming from the top buyers. During some of the big crashes of the 2022 bear market, however, the market conditions were quite different. In the LUNA and FTX collapses, the Percent Supply in Profit sat under 65%. In the chart, Glassnode has also highlighted the data of another metric: the Net Realized Profit/Loss, measuring whether profit-taking or loss-taking is dominant on the BTC network. From this indicator, it’s apparent that the aforementioned crashes saw deep negative values, implying a broad capitulation event took place. The 3AC collapse occurred alongside a higher Percent Supply in Profit, but it also witnessed a notable spike in loss-taking. Based on this, Glassnode concludes that the latest Bitcoin crash was “a structurally different, leverage-driven event.” BTC Price At the time of writing, Bitcoin is trading around $110,400, down more than 11% over the last week.

Washington’s latest retirement push could send fresh 401(k) money toward Bitcoin sooner than expected. House Republicans on Tuesday introduced the Retirement Investment Choice Act, a bill that would turn President Donald Trump’s August executive order into law. The proposal formally opens the door for retirement plans to include “alternative assets,” such as funds investing in digital currencies. The move comes as regulators advance guidance on the issue, with Bitcoin trading near $113,000 in a volatile market. If passed, the legislation would give Executive Order 14330 the full force of law. It directs the Labor Department and Securities and Exchange Commission to make room for a wider range of investment choices in defined-contribution plans like 401(k)s. How Will the 180-Day Deadline Affect Employer Retirement Plans? While the order doesn’t require plans to offer crypto, it specifically mentions “actively managed investment vehicles that invest in digital assets.” It also sets a 180-day deadline for the Labor Secretary to clarify fiduciary duties, potentially including safe-harbor protections for employers who choose to offer such options. In May, the Labor Department rescinded its 2022 guidance that had urged plan sponsors to exercise “extreme care” with crypto-related products. The rollback marked a shift to a neutral stance, neither endorsing nor discouraging digital asset exposure in retirement portfolios. In September, the Labor Department said it plans to propose new rules clarifying when asset-allocation funds that include alternatives can be offered. The agency also hinted at potential safe harbors for fiduciaries handling such products. “This Advisory Opinion provides much-needed clarity and certainty as the department works toward issuing proposed regulations,” Deputy Secretary Keith Sonderling said at the time. Bitcoin is trading around $112,985, with intraday moves between roughly $110,099 and $115,916. (Source: Coingecko) According to SoSoValue data, US spot Bitcoin ETFs saw about $326.5 million in net outflows on Tuesday, as global markets weakened amid renewed US-China trade tensions. (Source: SoSoValue) The new executive order directs regulators to coordinate on how alternative assets can fit into default options and managed retirement portfolios. This matters because most savers rely on target-date or professionally managed funds. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 Why Are BlackRock and KKR Creating Retirement-Ready Investment Products? Industry momentum is growing fast. Empower backed the order in August, saying they plan to expand access to private investments and cryptocurrency alongside lifetime-income options. Major asset managers, including BlackRock and KKR, are now developing retirement-friendly products. Private-market firms are looking at how to make their offerings fit the daily-priced structure of defined-contribution plans. Supporters in Congress say this flexibility could help diversify portfolios without weakening ERISA protections. A House Financial Services Committee letter last month praised the order and urged the Labor Department to create a formal “safe harbor” through rulemaking. Not everyone agrees. Critics warn that adding alternatives, especially crypto, could raise fees, limit liquidity, and bring more volatility to 401(k) plans. Meanwhile, veteran trader Peter Brandt has shared how he’s positioning himself for retirement. In a recent post on X, he said he plans to keep 5% of his Bitcoin holdings in his retirement portfolio. The comment came as a follow-up to a question he’d earlier posed to his followers about investment strategies later in life. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Brandt’s approach goes beyond Bitcoin. He’s focusing on steady income and lower risk. Brandt is also choosing dividend-paying stocks for steady income. He is also adding emerging-market exposure for growth and investing in precious metals like gold and silver as a hedge against inflation. He also said he’s cutting back his trading activity. He’s moving from daily to weekly trades to slow his pace as he nears retirement. This strategy marks a move toward stability and reliable returns. Yet, keeping 5% of his portfolio in Bitcoin, he shows he still believes in the asset’s long-term strength. This is true even after the market’s recent slump. To Brandt, Bitcoin remains a hedge against inflation, his version of digital gold. His approach reflects a simple message: as retirement nears, balance and steady income matter more than hype. Brandt also explained why real estate didn’t cut, saying property prices are inflated and could see a major correction soon. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Retirement Portfolios Are About to Pump Your Crypto Stack: Here’s Why appeared first on 99Bitcoins.

The United States has exposed a massive forced-labor and cyber-fraud network operating out of Cambodia, seizing nearly $15Bn in Bitcoin now held in federal custody. The unprecedented case raises a new question: could these funds eventually become part of Washington’s Strategic Bitcoin Reserve? Prosecutors on Tuesday unsealed charges against Chen Zhi, chairman of Cambodia’s Prince Group, accusing him of running large-scale “pig-butchering” scam compounds that trafficked workers and defrauded victims around the world. At the same time, the Justice Department launched the biggest forfeiture action in US history, targeting roughly 127,271 BTC tied to the network. The operation was coordinated with authorities in the United Kingdom, and both countries announced parallel sanctions against the Prince Group and its affiliates. The announcements came on October 14 in Brooklyn and Washington, D.C. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 How Did the Prince Group Become the Center of a $15Bn Bitcoin Seizure? Attorney General Pamela Bondi called the case “one of the most significant strikes” against human trafficking and cyber-enabled financial fraud. The FBI described the takedown as “one of the largest financial fraud operations ever dismantled.” Chen Zhi remains at large. The size of the seizure has sparked discussion about what the US might do with such a massive Bitcoin stockpile. While the government has previously auctioned smaller crypto holdings seized from criminal cases, this amount is historically large. Some observers believe it could test the framework for a future national Bitcoin reserve, an idea gaining quiet traction in Washington. Prosecutors say the Prince Group held trafficked workers in prison-like compounds and forced them to run large-scale romance and investment scams. The Justice Department reports that the defendant stored approximately 127,271 BTC in unhosted wallets controlled through private keys held by the defendant. Officials called it the largest forfeiture complaint in the department’s history. The government is holding the seized funds until the case is resolved. In a related move, the US Treasury designated the “Prince Group Transnational Criminal Organization” and sanctioned 146 associated individuals and entities. It also used a USA PATRIOT Act §311 order. This blocked the Cambodia-based Huione Group from accessing the US financial system. The UK followed with its own actions, freezing London properties tied to the network, including a £12M mansion, and sanctioning Chen along with several affiliated companies. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Will the $15B in BTC go into the US Bitcoin Reserve? President Trump’s March 2025 executive order created the Strategic Bitcoin Reserve (SBR). It directs that the US government’s Bitcoin holdings come from forfeited criminal assets, not taxpayer money. Treasury Secretary Scott Bessent reaffirmed that stance, saying the department isn’t purchasing Bitcoin and will rely solely on lawful seizures. Before the latest action, federal agencies were estimated to already hold between $15Bn and $20Bn worth of Bitcoin from past cases. If courts approve today’s forfeiture and finalize victim restitution, authorities could add the seized funds to the SBR. This would follow existing rules. Senator Cynthia Lummis is a key supporter of formalizing the reserve through legislation. She praised the Justice Department’s work and urged Congress to set clearer rules for handling digital assets. Senator Lummis urged officials to safeguard seized Bitcoin and compensate victims. She also called for preserving remaining funds as part of the nation’s long-term digital reserve strategy. Bitcoin prices showed little immediate reaction, hovering around $112,521. The broader crypto market remained subdued amid ongoing global economic pressures this week. (Source: Coingecko) DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Trump Team Seizes $15B in Bitcoin from Cambodian Cyber Gang, Will it Go to US Bitcoin Reserve? appeared first on 99Bitcoins.

XRP price started a fresh increase above $2.50. The price is now showing positive signs and could aim for more gains above the $2.620 level. XRP price is attempting a recovery wave above the $2.50 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.60 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh surge if it clears the $2.60 resistance. XRP Price Set To Surge? XRP price found support and started a strong recovery wave above $2.220, like Bitcoin and Ethereum. The price was able to climb above the $2.320 and $2.40 levels to enter a positive zone. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. However, the bears are still active near the $2.60 and $2.620 levels. Besides, there is a key bearish trend line forming with resistance at $2.60 on the hourly chart of the XRP/USD pair. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.550 level. The first major resistance is near the $2.60 level and the trend line. The main hurdle could be near the 76.4% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low at $2.660. A clear move above the $2.660 resistance might send the price toward the $2.720 resistance. Any more gains might send the price toward the $2.750 resistance. The next major hurdle for the bulls might be near $2.80. Another Drop? If XRP fails to clear the $2.60 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.50 level. The next major support is near the $2.420 level. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward $2.320. The next major support sits near the $2.250 zone, below which the price could continue lower toward $2.20. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.50 and $2.420. Major Resistance Levels – $2.60 and $2.660.

Ethereum appears to be entering a pivotal phase as the market stabilizes around a key support level near $3,800. After a period of correction, technical indicators, structural signals, and price action now suggest the potential for a renewed bullish move. Ethereum Slips Below Key $4,060 Support Ted, in a recent update shared on X, pointed out that Ethereum has slipped below its crucial $4,060 support level, a move that may hint at a short-term bearish phase for the asset. This breakdown has drawn traders’ attention to lower support regions, as Ethereum’s next moves will likely determine whether the market stabilizes or faces further pressure. According to Ted, the next major support sits around $3,800, a level that has recently served as a strong demand zone. If Ethereum fails to defend this region, it could open the door for a deeper correction toward the $3,400–$3,600 range, where a stronger accumulation phase might form. Such a decline would likely shake out weak hands and allow for a more sustainable base to build upon for the next major move. However, Ted also noted a possible bullish scenario where Ethereum could reclaim the $4,060 and $4,250 levels. A successful recovery above these zones could confirm that the recent drop was merely a correction within a larger bullish structure, potentially paving the way for a powerful rally as the market regains confidence. Bullish Structure Confirmed As ETH Holds Key Demand Zone According to Nadezhada on X, Ethereum’s chart is looking increasingly bullish, showing signs of strength after recent market movements. The analyst noted that a Break of Structure (BOS) has been confirmed, signaling that Ethereum may be preparing for its next significant upward move. Nadezhada highlighted a key demand zone between $3,910 and $3,800, which aligns with both a Fair Value Gap (FVG) and an Order Block (OB) on the chart. This area represents a strong region of buyer interest, where liquidity could build up. Thus, maintaining stability within this zone may set the foundation for the next rally. If Ethereum manages to hold the $3,910–$3,800 support area, Nadezhada believes it could act as a springboard for a sharp move toward $4,550 and beyond. Such a rebound would mark a strong continuation of the broader uptrend, with buyers firmly back in control. The crypto analyst concluded by emphasizing that buyers appear to be positioning for the next leg higher, as technical signals continue to align in their favor. With structure, demand, and sentiment converging, Ethereum seems ready to attempt another breakout if market conditions remain supportive.

The GBP/USD currency pair once again traded lower on Tuesday. This time, there were actual reasons for the pound's decline—at least during the first half of the day. The UK releases macroeconomic data infrequently, but Tuesday was one of those rare days. The unemployment rate came in above expectations, while jobless claims exceeded forecasts by 2.5 times. These two reports were enough to trigger a further drop in the pound. Naturally, the market continues to ignore equally poor fundamental and macroeconomic data for the U.S. dollar—but that has now become business as usual in recent weeks. In the EUR/USD article, we suggested that the recent declines in both major currency pairs could be attributed to either market manipulation or simply range-bound movement (flat) on the daily chart—and either way, the outcome remains the same: a prolonged downturn for the U.S. dollar. No one knows when this will happen. Perhaps we'll continue to observe flat trading for months. However, considering the current fundamental background, it is difficult to argue in favor of dollar strength. We want to remind readers that monetary policy from the Federal Reserve and the Bank of England remains a key driver for currency movement. Even if the Fed refrains from cutting its policy rate in 2025—which cannot be ruled out entirely—it will still end up lowering rates eventually. If not in 2025, then in 2026. Even if the Monetary Committee resists, the Fed will still ease policy. Even if inflation rises to 4–5%, the Fed is likely to continue with dovish measures. Trump will not let up pressure on the central bank. As of now, three out of twelve voting FOMC members support cutting rates at every meeting. Next year, this number is expected to rise to at least four. All Trump needs is a suitable pretext to replace another two members, and then the outcome is sealed. Once that happens, rates could rapidly plunge. Trump is not concerned with how markets will react. He and his team are likely preparing in advance for market turmoil to capitalize on it. Meanwhile, BoE officials are already suggesting that no further policy easing may be necessary in 2025. The situation is straightforward, and we've been warning traders about it since the summer. UK inflation has risen to nearly 4%, almost twice the central bank's target, and it has been increasing steadily for a full year. This is no seasonal surge but a sustained trend that could continue into next year. As a result, the BoE currently has no reason to lower the key interest rate—unless, of course, the UK labor market collapses in a manner similar to the U.S. The average volatility of GBP/USD over the past five trading days stands at 94 pips, which is considered "average" for the pair. On Wednesday, October 15, we expect the pair to move within a range bounded by 1.3205 and 1.3393. The higher linear regression channel is pointed upward, indicating a clear medium-term uptrend. The CCI indicator has re-entered the oversold zone for the third time, once again signaling the potential for a resumption of bullish movement. Nearest support levels:S1 – 1.3245 S2 – 1.3184 S3 – 1.3123 Nearest resistance levels:R1 – 1.3306 R2 – 1.3367 R3 – 1.3428 Trading Recommendations:The GBP/USD currency pair is currently undergoing a correction, but its long-term outlook remains unchanged. Donald Trump's policies will continue to pressure the dollar, so we do not anticipate sustained appreciation of the U.S. currency. Therefore, long positions targeting 1.3672 and 1.3733 remain more relevant if the price remains above the moving average. If the price falls below the moving average line, small short positions can be considered with targets at 1.3245 and 1.3205 based on technical factors. From time to time, the dollar experiences brief corrections (as is happening now), but for a real and lasting bullish trend to form, it needs clear signs that the trade war is ending or other broad, positive developments. Illustration Key:Linear regression channels help outline the current trend. If both channels point in the same direction, the trend is strong.The smoothed moving average (20.0) determines the short-term direction and recommended bias.Murray levels serve as reference points for movement targets and corrective phases.Volatility levels (red lines) estimate the projected daily price range based on current volatility metrics.The CCI indicator signals a potential reversal when entering oversold (below –250) or overbought (above +250) zones.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair moved—once again—downward throughout Tuesday. At this point, it seems we could write the same story every day: the dollar strengthened yet again, with seemingly no apparent reason. Of course, with enough effort, a reason can always be found. Tuesday provided a weaker-than-expected ZEW economic sentiment index for both Germany and the Eurozone. But here's the problem: why does the market treat all negative euro news seriously, while consistently ignoring negative dollar news? Let's recall: the U.S. government shutdown continues, the labor market is deteriorating, the Federal Reserve is more dovish than the European Central Bank, and President Trump escalated the trade war with China again last Friday. Aren't these factors enough to push the dollar down by at least 100 pips? For now, the market continues to ignore nearly all bearish data for the dollar. And this brings us back to our headline: not "Why is the dollar rising?" but "What is the dollar rising for?" Recent developments in the cryptocurrency market provide a useful comparison. If Bitcoin and Ethereum fell only moderately, some altcoins dropped by as much as 100% in just 10 minutes. Now ask yourself: What level of trust will traders have in 99% of altcoins if they know even a stop-loss order can't protect them? If they realize that prices can collapse to zero at any moment? These are instruments too far removed from real market behavior. And to this day, we still haven't received a clear explanation for what happened last Friday evening. Analysts keep blaming Trump's new tariffs on China as the cause for the crypto sell-off. But Trump introduces new tariffs nearly every week. These same analysts show no concern for the fact that Bitcoin performed well for the past 4–5 months in the midst of that same trade war. And the dollar? It shows no reaction at all—to the shutdown, to the renewed trade tensions. But as long as there's a "formal" reason for a move, no one questions deeper logic. We believe the same kind of dynamic is currently unfolding with the U.S. dollar. It may not be outright manipulation by market makers, but the dollar's strength is certainly illogical. What message are large players sending to retail traders? That the dollar will continue to appreciate, and that the worst is behind it. The dollar is still the world's reserve currency. And when EUR/USD and GBP/USD fall far enough, a new strong rally will start at the most unexpected moment—because large players will have already built massive long positions. We also note that on the daily timeframe, both pairs remain in a flat range—meaning, further declines don't even need a reason. One of two things is happening: either this is a large-scale technical correction or manipulation. Or both at once. Either way, in our view, the outcome will be the same. The average EUR/USD volatility over the last five trading days is 75 pips, which is classified as "average." On Wednesday, we expect the pair to move within the range of 1.1520 to 1.1670. The higher linear regression channel is still pointed upward, indicating a longer-term uptrend. The CCI indicator has entered oversold territory, which could lead to the start of a new bullish phase. Nearest support levels:S1 – 1.1536 S2 – 1.1414 S3 – 1.1353 Nearest resistance levels:R1 – 1.1597 R2 – 1.1658 R3 – 1.1719 Trading Recommendations:EUR/USD continues a corrective phase, but the long-term uptrend remains intact, as seen on all higher timeframes. The U.S. dollar remains under pressure from Donald Trump's policies, which show no sign of slowing down. While the dollar has risen recently, the fundamental drivers behind this are questionable. The flat range on the daily chart explains much of the market's behavior. If price remains below the moving average, short positions may be considered with targets at 1.1536 and 1.1520 based purely on technical factors. If the pair breaks above the moving average, long positions remain relevant with targets at 1.1841 and 1.1902, continuing the trend. Illustration Key:Linear regression channels help outline the current trend. If both channels point in the same direction, the trend is strong.The smoothed moving average (20.0) determines the short-term direction and recommended bias.Murrey levels serve as reference points for movement targets and corrective phases.Volatility levels (red lines) estimate the projected daily price range based on current volatility metrics.The CCI indicator signals a potential reversal when entering oversold (below –250) or overbought (above +250) zones.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD By the end of the previous trading day, the euro gained 36 pips amid mixed performance in U.S. stock indices and a slight decline in government bond yields. There are external signs that bond yields may continue to decline. However, if that's the case, we shouldn't expect a strong euro rally in the medium term—such as a move to the upper boundary of the price channel on the daily chart at 1.1908. For now, the euro has two active targets: 1.1662 – the MACD line1.1779 – the highs from October 1 and September 9If the price suddenly falls below yesterday's low at 1.1543, it may attempt to consolidate under the 1.1495 support level, which would open the path toward the 1.1392 target. On the H4 chart, the price has moved above both the MACD line and the balance line. The Marlin oscillator has also settled in positive territory. This technical setup will help the price consolidate above the MACD and prepare for an assault on 1.1662. The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD On Tuesday, the British pound didn't even attempt to break through the resistance level at 1.3369. Instead, it worked through support at 1.3253, a level it previously approached but failed to reach on October 10. By the end of the day, the daily candlestick left a long lower wick, which adds another signal supporting a potential upward reversal. The signal line of the Marlin oscillator is now pointing upward. The price must now complete two difficult tasks in succession: overcome the resistance of the 1.3369 target level, followed by the MACD line at 1.3400. A successful breakout through both would allow the market to aim for the next target at 1.3525. On the four-hour chart, the price and the Marlin oscillator have formed a bullish divergence, and the oscillator's signal line has already consolidated in positive territory. This upward momentum from Marlin is timely, as an additional resistance level at 1.3351 (MACD line and the peak of the previous trading day) has now emerged on this timeframe. The material has been provided by InstaForex Company - www.instaforex.com

USD/JPY After two days of consolidation, the USD/JPY pair has exited the target range of 151.70–152.10 and is now, in our view, heading toward the closure of the price gap left on October 6. Along this path, the pair faces two key support levels: 150.50, represented by the MACD line, and 149.38, a target level marked by the peak from July 16. Once the gap is closed, the price may complete the current downward leg within the 146.29–146.59 target range — a strong support zone formed during three months of consolidation. The Marlin oscillator is leading price action lower, providing a strong indication of the market's current bearish direction. On the four-hour chart, the price has firmly broken below the 151.70–152.10 range and beneath the MACD line. The Marlin oscillator is declining within bearish territory. We anticipate the pair will reach the target support around 149.19. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. government is preparing to add around 127,271 bitcoin, valued at roughly $14.2 billion, into what it now calls a Strategic Bitcoin Reserve. During a joint operation with UK authorities, these coins were confiscated in connection with a massive crypto fraud operation led by Chen Zhi, a Chinese national tied to the Cambodia-based Prince Group. Instead of offloading the assets as it typically would, the government appears ready to hold the Bitcoin. The move marks a potential turning point in how states treat digital assets, suggesting that officials now see this stash as a long-term financial tool rather than something to liquidate. A Web of Scams, Trafficking, and Hidden Bitcoin According to court filings, Chen Zhi built a complex and disturbing empire combining crypto fraud, political corruption, money laundering, and even human trafficking. His network operated out of several compounds in Cambodia, including one called Golden Fortune and another tied to the Jinbei Hotel and Casino. Source: courtlistener.com Victims were reportedly trafficked into these sites and then forced to take part in elaborate romance and investment scams known as “pig butchering.” These scams often involved weeks or even months of contact, luring victims into fake relationships or business opportunities before draining their savings. The funds from these scams were then scattered across shell companies, crypto wallets, gambling platforms, property deals, and mining setups. Reports suggest many victims were threatened, isolated, and sometimes physically abused. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 Executive Order Lays the Groundwork The legal basis for the U.S. to hold on to this Bitcoin instead of selling it comes from an Executive Order signed in early 2025, which formally established the Strategic Bitcoin Reserve. The order requires that any crypto assets forfeited through criminal or civil cases be transferred into the new reserve rather than auctioned or converted to fiat. Market Cap 24h 7d 30d 1y All Time That sounds straightforward, but there are still legal steps to go through. Courts have to approve the forfeiture, and there’s a chance that Chen Zhi or others connected to the funds may challenge the ruling. Even if those hurdles are cleared, the government must still determine how to securely store and manage more than $14 billion in Bitcoin. Several agencies are now working together to manage this process, including the Department of Treasury, FinCEN, and OFAC, each playing a role in tracking, evaluating, and safeguarding the assets. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Bitcoin as a State Asset? The decision to hold rather than sell could carry serious weight. It suggests that the government sees value in treating Bitcoin as a reserve asset, much like gold. By keeping the coins off the market, officials can help prevent the sharp sell pressure that often drives prices down when large amounts are dumped at once. If this approach sticks, it could inspire other countries to think twice before automatically liquidating seized crypto. It might even kick off broader discussions about how digital assets fit into national reserves. Still a Lot to Prove The outcome hinges on how officials handle this. A successful rollout could reshape how the U.S. treats high-value crypto seizures and influence how other governments follow suit. It could set new norms for custody, regulation, and asset classification. But it could also backfire. If the legal process drags, if custody systems fail, or if internal mismanagement becomes an issue, it could erode public and market trust. For now, those 127,271 BTC are sitting still. What happens next could shape the future of state-level crypto policy. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The U.S. government plans to hold 127,271 bitcoin, worth about $14.2 billion, as part of a new Strategic Bitcoin Reserve instead of selling it. Authorities seized these assets from Chen Zhi’s criminal network, which combined crypto fraud, human trafficking, and large-scale money laundering. An Executive Order signed in early 2025 established the legal foundation for the Strategic Bitcoin Reserve, directing authorities to hold seized crypto instead of auctioning it. Keeping the bitcoin could help the U.S. treat it like a reserve asset, reduce market sell pressure, and signal a major policy shift at the state level. The outcome will depend on how well the government handles legal challenges, custody, and coordination between agencies to manage the $14 billion stash. The post U.S. Set to Lock In $14 Billion in Bitcoin as Part of Strategic Reserve appeared first on 99Bitcoins.

Ethereum price started a fresh recovery above $4,050. ETH is now showing positive signs and might rise further toward the $4,350 level. Ethereum started a recovery wave above the $4,000 and $4,020 levels. The price is trading above $4,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,200. Ethereum Price Holds Support Ethereum price started a recovery wave above the $3,950 level, like Bitcoin. ETH price formed a base and was able to recover above the $4,000 level. The price cleared the 50% Fib retracement level of the recent decline from the $4,290 swing high to the $3,890 low. The bulls were able to push the price above the $4,120 pivot level. Besides, there is a key bullish trend line forming with support at $3,980 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,100 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,140 level. The next key resistance is near the $4,200 level and the 76.4% Fib retracement level of the recent decline from the $4,290 swing high to the $3,890 low. The first major resistance is near the $4,290 level. A clear move above the $4,290 resistance might send the price toward the $4,380 resistance. An upside break above the $4,380 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,200 resistance, it could start a fresh decline. Initial support on the downside is near the $4,000 level and the trend line. The first major support sits near the $3,880 zone. A clear move below the $3,880 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,750 region in the near term. The next key support sits at $3,640. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,000 Major Resistance Level – $4,200

Dogecoin fell sharply on Tuesday, losing a quarter of its value and retreating to the $0.19 mark after a recent run of gains ran out of steam. Traders said the move followed a failure to hold above the $0.23–$0.24 range and a break below a short-term rising channel that had been supporting prices earlier in October. Technical Weakness Deepens The price action on the daily chart points to weakening momentum. Dogecoin could not defend $0.22, and that breach opened the door to faster selling that sent the token to its lowest level in over three weeks. The 20-day and 50-day EMAs sit around $0.23 and are now acting as overhead resistance. The Parabolic SAR has flipped to a bearish signal, which many traders see as confirmation that the recent uptrend has paused. If buyers cannot steady the market above $0.20, a deeper drop may test the $0.17–$0.18 band — a zone where a lot of accumulation occurred in late summer. A clear break under that area would put the $0.12 handle back in focus. On the upside, reclaiming $0.22 would be the first sign buyers are trying to push prices back up and could open a move toward $0.25. On-Chain Flows Signal Caution According to exchange flow data, a sizable amount of DOGE left trading platforms on October 14. Reports show over close to $57 million exited exchanges that day. Heavy outflows like that are often seen when holders move tokens off exchanges to custody or when distribution is taking place, and in this case market participants interpreted the flows as more aligned with selling pressure than fresh buying. Social media buzz over Dogecoin’s prospects has not translated into sustained inflows, and the meme coin group as a whole has felt weaker in recent sessions. House Of Doge Merger Draws Attention In the meantime, in light of recent volatility and disappointing overall market conditions, the House of Doge announced plans to merge with Brag House Holdings Inc., which aims to create a public vehicle in the Dogecoin ecosystem. The combination of the companies will reportedly have 837 million DOGE along with $50 million in cash for investments. The announcement briefly lifted sentiment online, but price gains were short-lived as broader market weakness weighed on the token. The merged group plans to pursue tokenization, yield products, and payment tools, and its backers say the plan could bring more institutional interest to Dogecoin. Near-Term Outlook Hinges On $0.20 Short-term traders say $0.20 now acts as both structural and psychological support for DOGE. A sustained defense there could invite speculative buying, but without stronger liquidity moving into the market, any recovery may stall below the $0.23–$0.24 zone. Featured image from Unsplash, chart from TradingView

Nigel Farage is stepping into the UK crypto conversation with a bold pitch that looks a lot like something out of Donald Trump’s playbook. He wants the country to hold a £5 billion bitcoin reserve, using coins already seized by the government. He’s also pushing for a 10 percent flat tax on crypto profits, an end to the Bank of England’s digital pound project, and even the option for citizens to pay their taxes in crypto. In a speech that felt more like a campaign rally than a policy talk, he positioned himself as the UK’s crypto advocate, borrowing Trump’s tone and timing with just weeks before a general election. A Bold Plan That Looks Better on Paper There’s no denying that Farage’s proposal is eye-catching. £5 Billion is no small figure and Britain already has that amount in its hands due to multiple operations, from a recent $15bn (£11.3bn) seizure in a joint operation with the US and authorities, to another $7.3bn (£5.47bn) seizure, so this idea is more about how it’s used than how it’s acquired. His call to slash the capital gains tax on crypto down to 10 percent would certainly turn heads. It could ease the burden on high earners and make crypto investing more attractive. Still, for anything to happen, it would need the support of a government willing to write it into law, likely through a Finance Bill. DISCOVER: 20+ Next Crypto to Explode in 2025 Big Ideas, Small Political Reach Farage might have the microphone, but he doesn’t have the votes. Reform UK holds only five of the 650 seats in Parliament, which makes turning bold proposals into policy an uphill climb. None of the major institutions involved, i.e., the Treasury, the Bank of England, or Parliament, is under his direct influence. And since most of what he’s proposing would need significant institutional cooperation, he’s facing a long road ahead. A private member’s bill might help spark conversation, but it usually doesn’t do much beyond that. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Some of This Is Already in Motion Even if Farage’s version doesn’t land, parts of his vision overlap with what’s already happening. The UK has started laying the foundation for crypto regulation, especially when it comes to stablecoins and custody frameworks. There’s also work being done on tokenized investment funds. This could allow crypto exposure within traditional finance structures, opening the door for more regulated participation without needing a total reinvention of the system. Market Cap 24h 7d 30d 1y All Time As for using seized bitcoin as a public reserve, the government has already been holding significant amounts. Right now, the rules say it has to be sold off, but changing that would be possible if Parliament sees a reason to do it. Crypto Is Now a Political Talking Point Farage’s crypto push proves the topic has fully arrived in the political spotlight. His plan may not become policy, but it adds pressure on those in power to define where they stand. If even a few of his ideas gain traction, they could change how the UK approaches crypto taxes, government-held bitcoin, and the overall regulatory outlook. He might not be in control, but he’s managed to shift the conversation. That alone could spark movement from those who are. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Nigel Farage proposed using the UK’s seized bitcoin—worth around £5 billion—as a national reserve to back a bold new crypto strategy. His plan includes a 10% flat tax on crypto profits, scrapping the digital pound, and letting citizens pay taxes in crypto. Reform UK holds only 5 seats in Parliament, meaning Farage has little political power to push these proposals into law. Some of his ideas echo moves already happening in the UK, like stablecoin regulation and crypto custody frameworks. Farage’s pitch signals that crypto is now a live political issue in the UK, adding pressure on major parties to clarify their positions. The post Nigel Farage Calls Himself UK’s Crypto Champion Ahead of Vote appeared first on 99Bitcoins.

Bitcoin price corrected losses and traded above the $115,000 level. BTC is now struggling and might start another decline below $110,000. Bitcoin started a fresh decline after it failed to clear the $116,000 resistance level. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $110,500 zone. Bitcoin Price Faces Resistance Bitcoin price started a recovery wave above the $112,000 resistance level. BTC recovered above the $112,500 and $113,200 resistance levels. The price climbed above the 61.8% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. The bulls even pushed the price above the $115,000 resistance level. However, there are many hurdles on the upside. Bitcoin is now trading below $115,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $114,000 level. The first key resistance is near the $115,000 level. The next resistance could be $116,000. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $117,200 resistance and the 76.4% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. Any more gains might send the price toward the $117,250 level. The next barrier for the bulls could be $118,500. Another Drop In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $111,800 level. The first major support is near the $110,500 level. The next support is now near the $110,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,000, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $111,800, followed by $110,500. Major Resistance Levels – $115,000 and $116,000.

GBP/USD 5-Minute Chart Analysis The GBP/USD currency pair opened on Tuesday with a sharp decline. This time, the market had legitimate reasons to sell the British pound: UK unemployment data and jobless claims came in well below expectations. Unemployment continues to rise, which on its own is negative for the economy. Beyond that, the Bank of England may consider restarting monetary easing due to weakness in the labor market. In short, Tuesday morning brought bad news for the pound. In the second half of the day, Federal Reserve Chair Jerome Powell came to the pound's aid. It's still unknown what exactly Powell said, but demand for the U.S. dollar began to drop sharply during his remarks. Regardless, the pound should have been strengthening anyway, having broken the descending trendline on Monday. As it turned out, the pair broke out only to fall again. So far, sterling has had little luck, as the market continues to price in only dollar-supportive factors. We still interpret the current decline as illogical and expect the resumption of the 2025 uptrend. On the 5-minute chart, there was an opportunity to open short positions early in the morning. The price rebounded from the Kijun-sen line and later broke through the 1.3307 level. However, bears failed to reach the nearest target at 1.3212. A reversal followed during the U.S. session, and the price quickly returned to 1.3307. As a result, any profit on the single trade would have required a manual close. COT Report Commitments of Traders (COT) reports on the British pound show that commercial traders' sentiment has constantly shifted in recent years. The red and blue lines representing net positions of commercial and non-commercial traders continually intersect and typically hover near the zero level. Currently, they are almost equal, indicating a balanced amount of long and short positions. The U.S. dollar continues to weaken due to the policy of Donald Trump. Therefore, market makers' interest in sterling is currently of lesser importance. The trade war in one form or another will persist for a long time. The Fed will likely cut interest rates in the coming year. Demand for the U.S. dollar is expected to wane. According to the latest report, the "Non-commercial" group opened 3,700 long contracts and closed 900 short contracts. As a result, the net position increased by 4,600 contracts over the reporting week. In 2025, the pound experienced significant growth, but the primary reason remains U.S. policy under Trump. Once that factor fades, the dollar may resume strengthening, though no one can say when that will happen. The pace at which the pound's net position grows or shrinks doesn't matter much—what matters is that the dollar's position continues to weaken, and often at a faster rate. GBP/USD 1-Hour Chart Analysis On the hourly timeframe, GBP/USD continues to show a downtrend despite having previously broken the trendline. This is another sign of the illogic behind the current movement. The U.S. dollar still lacks long-term reasons to strengthen, so we expect the uptrend that started in 2025 to resume eventually. Under current circumstances, a breakout above the trendline and above the Kijun-sen line is required to confirm a new upward movement. For October 15, the following levels are important for trading: 1.3125, 1.3212, 1.3307, 1.3369–1.3377, 1.3420, 1.3533–1.3548, 1.3584, 1.3681, 1.3763, 1.3833, 1.3886. The Senkou Span B line (1.3424) and Kijun-sen line (1.3342) may also serve as sources of signals. It is recommended to move the Stop Loss to break-even once the price moves 20 pips in the correct direction. Remember, Ichimoku lines are dynamic and will shift throughout the day, which should be considered when identifying trade setups. Wednesday is not expected to bring any major economic releases from either the UK or the U.S. As a result, traders will have little to react to—significantly lowering the chances for the pair to break through key technical lines and continue rising. Trading Recommendations:Today, traders can trade from the 1.3369-1.3377 range, from the 1.3307 level, or from the critical line. There are many levels and lines, but very few events today. A flat or simply low-volatility movement throughout the day is quite possible.Chart Legend:Support and resistance levels (thick red lines): Potential reversal zones, but not standalone trade signals.Kijun-sen and Senkou Span B lines: Transposed Ichimoku indicator lines from the 4-hour chart to the hourly chart. Considered strong technical levels.Swing highs/lows (thin red lines): Previous reaction levels that may serve as trade signals.Yellow lines: Trendlines, channels, and other technical patterns.COT Chart Indicator 1: Represents net positions across trader categories.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Chart Analysis The EUR/USD currency pair fluctuated throughout Tuesday. In the first half of the day, another decline was observed, potentially driven by weaker-than-expected ZEW economic sentiment indices from both Germany and the EU. In the second half of the day, the pair experienced a slight recovery, likely in response to remarks from Federal Reserve Chair Jerome Powell. It remains unclear what exactly Powell communicated to the markets, but in any case, the Fed is expected to maintain a generally dovish stance over the next one to two years. The only question is the pace at which the key interest rate will be lowered. Even the modest upward movement observed late Tuesday has not significantly changed the technical picture. From a technical standpoint, the price has now broken through a second consecutive descending trendline, suggesting the start of a potential new uptrend. As a reminder, there are no strong medium-term reasons for the dollar to strengthen, and its recent gains seem questionable considering the fundamental and macroeconomic backdrop. The pair managed to breach the critical line yesterday, increasing the probability of continued upward movement. On the 5-minute chart, no valid trading signals were formed during Tuesday's session. Only in the evening did the price reach the 1.1604–1.1615 zone and the Kijun-sen line, but it failed to consolidate above or rebound from these levels. As such, trade setups are likely to shift to Wednesday, though signals may also form overnight. COT Report The latest Commitments of Traders (COT) report is dated September 23. As shown in the chart, the net position of non-commercial traders has mainly remained bullish. Bears barely gained the upper hand at the end of 2024 but quickly lost it. Since Donald Trump's return to the presidency, only the dollar has declined in value. While we cannot say with certainty that the U.S. currency will continue to fall, global developments suggest that this scenario may prevail. There are still a few fundamental drivers supporting the euro, but many factors could still weaken the dollar. The global downtrend is still intact—though its relevance after 17 years of history is debatable. The dollar might resume strengthening once Trump ends all trade wars, but recent developments suggest the conflict will persist in some form. A potential loss of Fed independence is another powerful bearish factor for the U.S. currency. The positioning of the red and blue lines continues to indicate that the bullish trend persists. During the most recent reporting week, the number of long positions held by the "non-commercial" group decreased by 800, while short positions rose by 2,600. Thus, the net position shrank by 3,400 contracts. EUR/USD 1-Hour Chart Analysis On the hourly timeframe, the EUR/USD pair may have completed its recent downtrend last week. The trendline has been broken, so now the euro needs to consolidate above both the Kijun-sen line and the 1.1604–1.1615 resistance zone. If this happens, we may expect an upward move toward the Senkou Span B line. From a technical standpoint, the euro is overdue for a climb. For October 15, the following levels are relevant for trading: 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604–1.1615, 1.1657–1.1666, 1.1750–1.1760, 1.1846–1.1857, 1.1922, 1.1971–1.1988. Also note the Ichimoku indicator lines: Senkou Span B (1.1687) and Kijun-sen (1.1595). These lines are dynamic and may shift during the day, which should be considered when identifying trade signals. Don't forget to move the stop loss to break-even if the trade moves 15 pips in your favor—this helps minimize losses in the event of a false signal. On Wednesday, the Eurozone will publish its industrial production report. While not insignificant, it is not considered a high-impact release. No major macroeconomic events are scheduled in the U.S., which is unsurprising given the ongoing government shutdown. Trading Recommendations:On Wednesday, traders can once again trade based on the 1.1604–1.1615 level area. A confirmed breakout above the Kijun-sen line and this resistance zone would validate long positions with a target at 1.1657–1.1666. If this does not occur, the pair is likely to resume its decline toward 1.1534. Chart Legend:Support and resistance levels (thick red lines): Potential reversal zones, but not standalone trade signals.Kijun-sen and Senkou Span B lines: Transposed Ichimoku indicator lines from the 4-hour chart to the hourly chart. Considered strong technical levels.Swing highs/lows (thin red lines): Previous reaction levels that may serve as trade signals.Yellow lines: Trendlines, channels, and other technical patterns.COT Chart Indicator 1: Represents net positions across trader categories.The material has been provided by InstaForex Company - www.instaforex.com

Elon Musk waded back into the money-meets-energy debate on X today, endorsing Bitcoin and Dogecoin. The Tesla CEO replied to a viral ZeroHedge thread that framed artificial intelligence as a government-funded arms race that will turbocharge monetary debasement. “True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” Musk wrote, aligning BTC’s value proposition with physical power constraints. Minutes later, when community account Sir Doge of the Coin (@dogeofficialceo) added, “Dogecoin is also based on energy,” Musk replied with a simple “,” his first explicit nod toward DOGE in a while, rekindling a long-running price-sensitivity question around his posts. The market reaction, however, was muted. As of press time, Dogecoin traded near $0.196, lower on the day alongside broader crypto risk, with Bitcoin and Ethereum also in the red. Bitcoin was down on the session near $111k, while Ethereum slipped below $4k, underscoring a risk-off tape that likely blunted any “Musk effect” impulse. Musk’s DOGE remarks arrive amid a separate swirl of Dogecoin-adjacent headlines that caught Washington’s and Wall Street’s attention over the last 48 hours. Representative Matt Gaetz amplified a viral thread, asking, “Is DOGE about to become the world’s great utility token? After being a meme?!” — a rhetorical riff that referenced news circulating about a planned public-markets pivot by House of Doge as the “corporate arm” of the Dogecoin Foundation. House of Doge intends to list on Nasdaq via a merger with Brag House Holdings under the ticker TBH, and they also tie House of Doge to a growing Dogecoin treasury effort at CleanCore Solutions, newly branded on the NYSE American as ZONE. The October 13 releases further assert that CleanCore now holds 730 million+ DOGE, targeting up to 1 billion DOGE in the near term and, longer-run, “up to 5%” of circulating supply. Why Hasn’t The Dogecoin Price Reacted Positively? Historically, Musk’s DOGE interactions have triggered sharp, if often fleeting, price responses. During late 2024, for example, a single “true” reply in a payments-context thread coincided with a pop as traders extrapolated X-payments tie-ins, and the October 2024 launch of a dedicated account for its payments initiative on X. More recently, in June 2025, DOGE jumped 3% after Musk defused a political spat. The common denominator: reflexive liquidity and headline-driven order flow that fades unless there’s a real impact on the meme coin. Today’s sequence fits that pattern — a high-engagement Musk quip, immediate social virality, but price constrained by macro tape and the absence of a concurrent, verifiable product or policy reveal. So why didn’t DOGE “go to the moon” on the ? First, the tape matters. With majors heavy, meme-beta typically underperforms. Second, the information content of the post is modest: Musk endorsed an energy-based framing and acknowledged a community meme — not a new X Payments feature, not a Tesla-commerce integration, not a tangible DOGE settlement rail. Markets have learned to differentiate between tone and transaction. At press time, DOGE traded at $0.19862.

The sudden and violent market correction triggered by geopolitical shockwaves served as an unprecedented stress test for the entire cryptocurrency ecosystem, exposing critical differences in network architecture. While the multi-billion-dollar liquidation event sent prices plunging across the board, Solana demonstrated remarkable resilience, whereas the Ethereum network and liquidity thinned during the peak volatility. Why Solana High-Performance Design Continues To Shine In an X post, the Nasdaq-listed go-to Solana Digital Asset Treasury (DAT), DefDevCorp, has revealed that when the largest liquidation event in crypto history hit last Friday, most of the market froze, and Ethereum stumbled. However, Solana didn’t flinch, powering through one of the most chaotic trading sessions ever recorded. At the peak of volatility, Solana sustained 1,225 transactions per second, finalized blocks in just 350 milliseconds, and saw transaction fees briefly rise to $0.25 before normalizing below $0.01. Meanwhile, ETH’s infrastructure buckled under demand as the network struggled to process beyond 26 TPS. Its block times extended to 15 seconds, and saw average gas fees explode to $616, effectively locking out users and rendering the chain unusable during the crisis. ETH became unreliable, impractical, and effectively unusable during the chaos. As DefiDevCorp noted, when users are priced out and transactions can’t clear, the network might as well be offline. In moments of high load, the core promise of a blockchain to remain accessible, affordable, and reliable must hold. However, after nearly 20 months of uninterrupted uptime, weathering its busiest moments, it’s abundantly clear that SOL’s continued upgrades and optimizations have paid off dramatically. DefiDevCorp concluded that no other chain currently comes close to handling global value transfer at this scale, under such extreme conditions, with the same level of performance. The takeaway from the firm’s post is that only SOL stays fast, cheap, and usable, even when global markets melt down. Why SOL Price Doesn’t Match Its Reliability A Researcher at alphapleaseHQ and Advisor at KaminoFinance, Aylo, has also mentioned that he had assets and Decentralized Finance (DeFi) positions open on both Solana and Ethereum when the crypto market collapsed last Friday. During this time, he had zero issues using the SOL network, while the ETH network was unusable due to the costs, which often led to market crashes, and the Rabby wallet also went down. Aylo added that the ETH maxis should be much angrier about the performance of their L1. With this development, SOL continues to prove it’s the most performant and reliable blockchain under real-world pressure that we have in crypto. He pointed out that SOL’s valuation doesn’t reflect the resilience it is proving in the digital world.

The Dogecoin price slipped roughly 4% on the day and 24% on the week, hovering near $0.20–$0.21 at press time. While the pullback cools last week’s rebound, analysts say fresh Nasdaq-listing headlines and ETF momentum could reset the narrative and revive the long-standing $1 target if key levels hold. Nasdaq Listing & Dogecoin ETF Buzz Put $1 Back in Sight The House of Doge, a corporate arm tied to the Dogecoin Foundation, plans to go public via a $50 million merger with Brag House Holdings (NASDAQ: TBH). The new entity is set to steward an ecosystem treasury of 837 million DOGE and push DOGE integrations across gaming, campus sports, and digital media, bringing the brand closer to mainstream finance and culture. At the same time, Dogecoin ETFs from issuers such as 21Shares, Bitwise, and Grayscale are on the SEC’s docket, with early DOGE products already drawing over $30 million despite higher fees. A green light for lower-cost funds could funnel new, regulated demand into DOGE, historically a catalyst for liquidity and price discovery across crypto. Key levels: $0.20 support, $0.23–$0.25 and $0.29–$0.30 Resistance Dogecoin Price action remains balanced on a knife-edge. Traders flag $0.200 as critical support; losing it risks a slide toward $0.178. On the upside, initial resistance sits at $0.214 and $0.229, with a broader supply zone at $0.241–$0.254. A daily close above $0.25 opens a run at $0.29–$0.30, the area many watch for a breakout confirmation. Technically, DOGE recently printed hammer/morning star patterns off the lows, while momentum has cooled to neutral, often a staging zone before the next directional move. For swing traders, $0.18 (support) and $0.25 (resistance) are the immediate invalidation/continuation lines. Whales accumulate as Weekly Triangle Coils On-chain, whales soaked up roughly $42 million in DOGE during the dip, signaling confidence as price continues to coil inside a multi-month triangle on the weekly chart. Historically, DOGE’s long compressions have preceded outsized expansions. A decisive break above $0.30 would align with that pattern and shift near-term targets to $0.49 and ultimately the psychological $1 over a longer horizon, particularly if Nasdaq listing progress and ETF approvals land in sync. Cover image from ChatGPT, DOGEUSD chart from Tradingview