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Over the past few weeks, the Ethereum price has struggled to maintain its bullish momentum from early May. The altcoin has been stuck within a consolidation range, jumping between the $2,500 and $2,700 region. While the Ethereum price sat mostly above the $2,600 level throughout the past week, a market-wide downturn saw the altcoin’s value fall toward $2,400 on Friday, June 6. While the price of ETH has not fully recovered yet, it has at least managed to reclaim the $2,500 level over this weekend. Binance Realized Price Critical For ETH In a Quicktake post on the CryptoQuant platform, an on-chain analyst with the pseudonym Crazzyblockk revealed that the Ethereum price exhibited an interesting reaction around the $2,392 price level on Friday. The crypto pundit noted that this reaction is not random, as it occurred at a significant on-chain level — the realized price of Binance user deposit addresses. The relevant indicator behind this on-chain observation is the ETH Realized Price metric, which tracks the average cost basis of holders across different cohorts, including the Binance User Deposit Address, OKX User Deposit Address, Addresses Frequently Received From CEX, and Highly Active Addresses. Crazzyblockk highlighted the realized prices across these cohorts, with that of the Binance User Deposit Address standing around $2,392; OKX User Deposit Address at $2,706; Addresses Frequently Received from CEX at $2,532; and Highly Active Addresses with a realized price of $2,513. As seen during the latest dip, the $2,392 realized price represents a major on-chain support level, as it is the cost basis of several Binance user deposit addresses. “The market’s bounce from this level highlights the impact of Binance user behavior on ETH’s current price structure,” Crazzyblockk added. Crazzyblockk also noted that while $2,500 is an average realized price across all the highlighted cohorts, an important detail should not be overlooked — Binance’s influence on the general market. The crypto pundit explained that Binance holds the highest ETH reserves among all centralized exchanges and has strong dominance in ETH on-chain movement. For this reason, the analyst inferred that the realized price of Binance user deposit addresses ($2,392) is a crucial level to watch in ETH’s market structure. As a result, this level should be considered whenever financial decisions on Ethereum are about to be made. Finally, most investors would be in profit if Ethereum’s price stays above $2,500, thereby relieving the market of downward pressure, as investors are less likely to sell when in profit. On the flip side, a drop below $2,500 could result in a wave of unrealized losses for the altcoin’s holders, potentially triggering a sell-off and, consequently, an increase in downward pressure. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,523, reflecting a 1.12% jump in the past 24 hours.

Based on reports, a long-dormant Bitcoin whale made a surprise move this week, snapping up 250 BTC for about $26.37 million. It’s the first time this wallet has shown activity in two years. The purchase has stirred talk among traders and on-chain analysts alike. Some see it as a sign that big players are getting ready for more action in the weeks ahead. Whale Returns After Two Years According to Lookonchain data, the same whale pulled 500 BTC out of Gemini back in 2022 when Bitcoin was trading near $27,400, a move worth nearly $14 million at the time. Now, with BTC hovering around $105,000, the whale’s holdings sit on an unrealized gain of over $39 million. That kind of profit margin grabs attention. Other large holders often watch these moves closely. They wonder if this is the start of a wider trend or just one wallet’s play. Big Gains On Early Bet Early adopters have seen massive upside in Bitcoin over the years. This whale’s 2022 withdrawal came just before a multi-year price boom. Since then, Bitcoin has climbed nearly 300%. Not everyone can make moves like that. Small investors often feel left behind when a wallet this size shifts coins. Still, some traders say it can create a ripple of optimism. When big holders buy, retail traders sometimes pile in, chasing the same gains. Technical Indicators Show Mixed Signals On the charts, BTC seems to be shaping an inverse cup-and-handle pattern with a significant neckline at $100,800 serving as major support. The price has fallen into the handle stage, and a dip below $100,800 could propel Bitcoin to $91,000, which coincides with its 200-day exponential moving average (EMA). Bitcoin’s relative strength index (RSI) is 52, indicating the bullish momentum is fading. A fall below 50 could introduce additional selling pressure. For the bulls to regain control, BTC must recapture the 20-day EMA resistance, which is just above $105,000. Market Volatility And Liquidations There were some wild price movements last week fueled in part by social media battles between US President Donald Trump and billionaire Elon Musk. The price of bitcoin fell below $101,000 for a moment, causing close to $1 billion in liquidations across futures markets, before recovering to above $105,000 within hours. The miner capitulation signal was also detected by CryptoQuant’s Hash Ribbons indicator, pointing to near-term pain for worse-off miners, but some potential rallies ahead once they pulled through. Featured image from Unsplash, chart from TradingView

The price of Bitcoin has been in a good recovery form since succumbing to the bearish pressure from the ongoing feud between United States President Donald Trump and Elon Musk. The premier cryptocurrency climbed above the $105,000 mark in the early hours of Saturday, June 7. According to the latest on-chain data, the Bitcoin price looks set to continue its upward trajectory over the next few days. What Negative Leveraged Traders’ Sentiment Means For Price In a new post on the X platform, data analytics firm Alphractal shared fresh on-chain insights into the recent movement of the Bitcoin price. According to the market intelligence firm, the major catalyst of BTC’s latest recovery is the sudden shift in the market sentiment. This on-chain observation is based on the Leveraged Traders’ Sentiment, which tracks the outlook or positioning of leveraged traders in the market. It provides insight into the kind of bets (longs or shorts) that leveraged traders are placing in the crypto market and the funding rates of the derivatives market. Data from Alphractal shows a rising interest in opening short positions in the Bitcoin market, with most retail traders betting on a price decline. Ultimately, this on-chain trend suggests that the sentiment in the Bitcoin derivatives market is currently bearish. However, Alphractal noted that this kind of behavior might not be as straightforward as it looks, as the market historically tends to move in the crowd’s opposite direction. Hence, when several traders are betting on a Bitcoin price decline, the flagship cryptocurrency tends to witness a contrasting market bounce. Alphractal said: When sentiment becomes excessively bullish or bearish, the market tends to do the opposite. Therefore, this metric is not just a sentiment gauge — it’s also a warning signal for potential contrarian moves that often catch traders off guard. According to the analytics firm, this is exactly what is currently happening in the Bitcoin market, with the market leader bouncing back despite the negative traders’ sentiment. Interestingly, if these leveraged traders continue to bet against Bitcoin, the BTC price could potentially ride this fresh bullish momentum to a new all-time high. Bitcoin Price At A Glance As of this writing, BTC is valued at around $105,700, reflecting an almost 2% increase in the past 24 hours. Following the latest resurgence, the premier cryptocurrency is now up by more than 1% on the weekly timeframe.

A group of Republican lawmakers have introduced a bill to initiate the first comprehensive audit of US gold reserves since the 1950s, citing the need for greater transparency over the nation’s bullion holdings. The legislation, titled the Gold Reserve Transparency Act of 2025, was introduced Friday by US Congress member Thomas Massie (R-KY), alongside Troy Nehls (R-TX), Addison McDowell (R-NC) and Warren Davidson (R-OH) as co-sponsors. If passed, the bill would require the Government Accountability Office (GAO) to conduct a full physical assay and inventory of America’s gold holdings within one year. It also mandates disclosure of all gold-related transactions over the past 50 years, including loans, leases, swaps, encumbrances, purchases and sales. “The American people deserve to know whether the gold reserves are where they should be and whether they are being managed properly,” Massie said in a statement. The US currently holds more gold in its reserves than any other nation at approximately 8,133 metric tons, according to Treasury Department data. The largest portion—more than 147 million ounces—is stored in Fort Knox, Kentucky. The remainder are held at West Point, the Denver Mint and the Federal Reserve Bank of New York. Earlier this year, US President Donald Trump called for a visit to Fort Knox to verify that America’s gold reserves are still intact. The Treasury, meanwhile, has maintained that an annual audit is performed, and all gold is “present and accounted for.” ‘Full disclosure’ The Gold Reserve Transparency Act proposes that similar audits be repeated at least every five years to ensure ongoing transparency and prevent lapses in record-keeping. It would provide “the full disclosure President Trump seeks,” Massie wrote on his X account. The bill’s introduction comes a day after the viral social media clash between Trump and his former advisor Elon Musk, who first floated the idea of livestreaming a Fort Knox gold audit in February. Proponents of the measure contend that independent oversight will help restore confidence in US financial stability amid growing global demand for gold and persistent conspiracy theories questioning the integrity of Fort Knox. “The lack of proper audits of America’s gold is highly alarming and totally unacceptable — such shoddy procedures would never pass muster in the private sector,” stated Stefan Gleason, CEO of Money Metals Depository, in support of the bill. “It’s been literally decades since actual inventories and assays have been conducted with respect to US gold reserves, and the Department of the Treasury has lost records, as well as failed to account for many occasions when vault compartments were inexplicably opened and resealed without new audits,” Gleason added. Still, the proposal faces an uncertain future in the Senate, where Democrat backing would likely be required. If passed, the GAO would embark on its audit within a year and institutions would face recurring reviews thereafter.

The crypto project Conflux Network (CFX) is cooking again, and this time it does not look like some random pump. CFX is riding on recent burns, staking, and fresh collab news in Asia. Meanwhile, President Trump and President Xi had a phone call on the 5th of June. It was 90 minutes on, and it looks like a lot of alpha has been dropped. The market reacted bullish to what Trump said afterwards. CFX: China’s Crypto Blockchain is Back in the Game Conflux (CFX) is a Layer 1 blockchain known for its hybrid design. Both PoW and PoS and Tree-Graph consensus enable fast and scalable transactions. It is the leading regulated and approved chain in China, making it the most desirable through Chinese initiatives. It is EVM-compatible and cross-chain, growing through many Asian partnerships. CFX blends real-world use case with geopolitical narrative, giving it some serious potential. And with President Trump’s plans to make the U.S. the world’s crypto capital, we can clearly see how China can follow. When we stack everything, this can lead to some very serious fuel for the crypto market to explode. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways CFX crypto project consolidating for another push. Trump & Xi phone call moving markets. What is the future of crypto? The post Trump And Xi Drops Alpha: Why is Crypto CFX Pumping? appeared first on 99Bitcoins.

Bitcoin prices have returned above $105,000 in the past 24 hours following a sharp price decline on Thursday triggered by macroeconomic pressures. Notably, US President Donald Trump and former political ally Elon Musk had engaged in a public spat which spiked the volatility in a crypto market already undergoing a corrective phase. Amidst some level of renewed stability in the last two days, popular analytics firm Glassnode has now shared an important on-chain analysis highlighting the presently key price levels in the Bitcoin market. Bitcoin Ready For Breakout As Traders Eye $114K And $83K Levels In an X post on June 7, Glassnode provides an insight on potential Bitcoin price action using the Short-Term Holder (STH) cost basis model, derived from the Work of Cost (WOC) price framework. As the name implies, the STH cost basis represents the average purchased price of all coins belonging to short-term holders i.e. investors who acquired their Bitcoin within the last 155 days. The STH cost basis is an important market metric as it reflects the risk appetite of newer market participants who are typically the most reactive to price change. It is also a strong indicator of market sentiment with an ability to act as resistance or support depending on the price direction. According to the data by Glassnode, the current Bitcoin STH cost basis is estimated at $97,100. Using standard deviation bands in this WOC model, Glassnode has further identified the $114,800 price level as the +1STD level of this cost basis and a potentially heated market zone. Considering Bitcoin’s price, this $114,800 price zone represents the next major resistance, a break above which is expected to trigger a massive buying pressure and push the premier cryptocurrency further into uncharted price territory. Glassnode’s WOC model also identifies the -1STD level at $83,200 to represent a critical support zone in the present bullish structure. A decisive price fall below this level would signal market weakness and is likely to cause a cascade of liquidations and further price corrections. Bitcoin Price Overview At the time of writing, Bitcoin trades at $105,745 reflecting a 1.07% gain in the last 24 hours. Meanwhile, the asset’s daily trading volume is down by 34.27% and valued at $38.66 billion. Provided Bitcoin continues to consolidate above the STH cost basis at $97,100, there is a valid chance for a market bullish push towards resistance at $114,800. However, a loss of the critical support at $97,100 would points to a retest at $83,200 which holds strong potential bearish consequences.

Rio Tinto (LSE/ASX: RIO) chief executive officer Stausholm was in Western Australia’s Pilbara region Friday, attending the opening of the company’s new Western Range iron ore mine. Stausholm said the opening of the $2 billion Western Range mine represented a new beginning following the scandal surrounding the company’s destruction of the culturally significant Juukan Gorge caves in 2020. It is also Rio’s first project to feature a co-designed social, cultural and heritage management plan with Traditional Owners. “I could not be more proud of seeing how we have worked in deep partnership with the Yinhawangka People,” Stausholm said at the event. “It’s a new way of working together, really taking the guidance from them on how we develop the mines of the future, applying new technology, applying our safe production system.” Western Range is a joint venture between Rio (54%) and China’s Baowu (46%) and comprised the construction of a primary crusher and 18km-long conveyer system to the existing Paraburdoo plant. The mine will produce up to 25 million tonnes per annum of iron ore and secures the future of the Paraburdoo hub for up to 20 years. Western Range is the first of $13 billion of replacement mines planned for Rio’s Pilbara iron ore business. The $1.8 billion Brockman Syncline 1 project was approved in March, while the Hope Downs 1 and West Angelas projects are progressing through the approvals phase. Last month, Fortescue (ASX: FMG) chairman Andrew Forrest warned the Pilbara was at risk of becoming a “wasteland” if iron ore miners didn’t decarbonize. “It is for us as companies to make sure that the Pilbara ore remains relevant,” Stausholm said. “And how do we do that? We do that in partnership, like you see today, with Baowu, working on how we can decarbonize the supply chain. If we find the right solutions – and we will – then the Pilbara will be the source for many, many decades.” Succession plan The opening comes after Rio announced the shock departure of Stausholm last month. Stausholm has disputed reports of a rift between him and chairman Dominic Barton, saying there was no “dis-alignment”. “It’s very important to say, we in the management team and the whole board is absolutely aligned around the values of Rio Tinto, about pursuing the four objectives, about our strategy and the strategic choices, and about the assessment of our performance, so there is no dis-alignment,” he told reporters. One of the major strategic changes during Stausholm’s tenure has been the move into the lithium sector. Stausholm said the board was “absolutely aligned” on lithium, describing it as a “next pillar” for Rio. “Think about it, some visionary people 50, 60 years ago said Rio Tinto should go into iron ore,” he said. Market focus shift? Much of the iron ore market’s attention has shifted from Australia’s Pilbara region the Simandou project in Guinea. The massive mine is set to begin exports in November and forecast to reshape global iron ore flows, but analyst say the launch of Western Range is a timely reminder of the Pilbara’s enduring importance. Predictions of its decline, made by some observers and politicians, seem premature. Rio Tinto plans to invest $13.3 billion in the Pilbara over the next five years. This capital will fund both maintenance of current operations and the development of new mines capable of delivering 130 million tonnes of annual output. That figure nearly mirrors Simandou’s planned production of 120 million tonnes per year by 2030, but at significantly lower cost and lower geopolitical risk. Rio awarded last week a $157 million contract to construction and mining firm NRW Holdings, a move widely seen as a precursor to formal board approval for the Hope Downs 2 and Bedded Hilltop projects. A final investment decision is expected as early as July. By comparison, Simandou’s development will require $23.2 billion, about 70% more than Rio’s Pilbara spend, for less output and in a jurisdiction fraught with political instability. The Pilbara’s established infrastructure (railways, ports, car dumpers, and shiploaders) offers a decisive advantage. Despite Australia’s rising labour costs and shifting industrial relations landscape, the region remains the world’s lowest-cost source of large-scale iron ore supply. Even with a leadership transition ahead, the financial case for staying the course is compelling. Rio’s $20 billion wave of Pilbara investment is unlikely to be reversed. The world’s second largest miner is not alone. BHP, Fortescue and Hancock Prospecting are also preparing to replace aging mines. Meanwhile, the push toward green iron, championed by Fortescue’s Andrew Forrest, adds another layer of opportunity. August 2026 will mark 60 years since the first shipment of iron ore left the Pilbara for Japan. It may have been built on the past, but the Pilbara looks set to shape the future.

Popular market analyst Ted Pillows has tipped Sui (SUI) for an impending price breakout. Notably, the prominent altcoin has recorded a steady price decline in the past month with an estimated loss of 17.18% within this period. However, Pillows notes the formation of a bullish pattern which indicates substantial market relief ahead. Related Reading: SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold SUI Gathers Momentum Ahead Of Showdown With Resistance In an X post on June 7, Pillows shares a positive insight into the SUI market despite a sustained downtrend throughout May and early June. The analyst notes that SUI appears to hit local bottom within the $2.8-$3.0 following a slight rebound in the past 48 hours. Interestingly, this recent price action could signal market reversal especially considering the formation of a bullish descending wedge pattern on the SUI daily chart. For context, the descending wedge is a classic bullish reversal pattern marked by two converging trend lines sloping downward as seen in the chart below. The price action within the wedge which typically consists of lower highs and lower lows but the decreasing slope of the lows signal a weakening bearish pressure. Considering the rebound from the $2.8 which represents the lower boundary of the descending wedge and the narrowing of both trend lines, Pillows postulates SUI is preparing for a major upside price breakout. However, the altcoin must overcome a crucial resistance at $3.5 price level which represents the upper boundary of the descending wedge pattern. Pillows explains that a successful daily price close above $3.5 is likely to trigger a robust buying pressure that could force a SUI market rally for the next 2-3 weeks leading to a new all-time high. Based on the analysis presented, initial price targets are set at $4.00 indicating an instant return to the peak price region in May. However, with Pillows’ analysis hinting at a new all-time high, investors should expect any potential price breakout to hit a minimum price target of $5.21 representing a 60.8% gain on present market prices. SUI Price Overview At the time of writing, SUI trades at $3.23 representing a 2.33% gain in the past day. However, weekly and monthly losses of 1.01% and 17.10%, respectively suggests the altcoin still has ground to make up. Nevertheless, SUI remains one of the best performing tokens of the present market cycle with potential star of the altseason considering its 211.11% in the last year.

Ethereum’s recent price action on the 4-hour chart has led to the formation of a classic Head and Shoulders pattern that opens up the possibility of a deeper correction. After a relatively stable period around the $2,500 zone, Ethereum broke below a neckline support level as last week drew to a close. This raises the question of whether a bearish continuation is already in motion for the Ethereum price or if bulls still have a shot at regaining momentum in the new week. Head & Shoulders Pattern Confirmed After Breakdown Below $2,480 The Head and Shoulders pattern, one of the most recognizable reversal formations in technical analysis, is now clearly visible on Ethereum’s 4-hour candlestick chart. This chart and the technical outlook were first shared on the TradingView platform by crypto analyst MelikaTrader94. The structure includes a left shoulder, a prominent head peaking above $2,700, and a right shoulder that topped near $2,650. The neckline, drawn around $2,480, was breached during Ethereum’s recent pullback to $2,380. This, in turn, shifted the short-term outlook toward the bearish side. After the break, Ethereum attempted to reclaim lost ground and is currently retesting the neckline area. This retest around $2,500 is significant, as a failure to push back above this level significantly would likely validate the bearish setup and cause the Ethereum price to reverse downwards toward the next support zone. According to the outlook from analyst MelikaTrader94, the price target from this Head and Shoulders breakdown before any notable rebound upward can occur lies between $2,200 and $2,250. Chart Image From TradingView: MelikaTrader94 Bulls Must Reclaim $2,650 To Invalidate Bearish Setup A confluence of factors supports the $2,200 region as a likely landing zone. Not only is this level consistent with the measured move of the Head and Shoulders pattern, but it also aligns with an order block on May 9 during Ethereum’s rally above $2,000 at the time. This adds further technical relevance to the $2,200 to $2,250 range acting as a support zone. However, the situation is not fully bearish yet. The path forward is clear but narrow for Ethereum bulls. The first step to invalidate the bearish setup is to reclaim the neckline around $2,500 decisively. Beyond that, breaking back above the right shoulder level around $2,650 would invalidate the Head and Shoulders pattern, and another pattern will most likely come into play. A successful bullish reclaim would not only nullify the bearish pattern but could also revive sentiment for another retest of the $2,700 to $2,800 zone, which corresponds to the peak of the head in the recently formed pattern. Until such a recovery occurs, the Ethereum price can quickly reverse downwards at any time. At the time of writing, Ethereum is trading at $2,510. Featured image from Unsplash, chart from TradingView

The Financial Conduct Authority (FCA) of the UK is all set to lift its ban on cryptocurrency exchange-traded notes (ETNs) for retail investors. The FCA had banned ETNs in January 2021, citing their volatility and complexity for retail investors. However, because we’re seeing increasing warmth towards cryptocurrency across the globe, the UK doesn’t want to be left behind. Keep reading to find out more about the UK’s decision regarding ETNs, how the US also has major pro-crypto legislation in the works, and what the best crypto to buy now is in light of these developments. UK & UK Embrace Crypto For those unaware, an ETN is a debt security instrument offered by recognized entities. Its value is tied to an underlying asset, which, in the case of crypto, is a specific coin. As the price of the underlying asset goes up, the price of the ETN will also increase, and vice versa. It’s worth noting that crypto ownership in the UK has increased from 18% in 2024 to 24% in 2025. This is more than that of the US. Naturally, a growth like this calls for a comprehensive regulatory design to regulate the ownership and use of digital assets in the country. Meanwhile, in the US, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is expected to go for a floor vote soon enough. The GENIUS Act aims to regulate various aspects of stablecoins, such as permitted issuers, transparency, consumer protection, federal and state-level oversight authority, and legal classification. All in all, a friendlier regulatory environment will lead to a more thriving crypto market. Bitcoin recently made an all-time high of $112K, and with positive and proactive legislative support, it might soon hit $150K, too. To hop on the crypto train and make the most of its momentum, consider investing in the following altcoins. 1. 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The Snorter Token presale is fairly new but has still managed to raise over $575K. Each token is currently priced at just $0.0947. 2. BTC Bull Token ($BTCBULL) – Best Bitcoin-Themed Meme Coin Offering Free $BTC Airdrops BTC Bull Token ($BTCBULL) will help you directly benefit from Bitcoin’s upcoming bull run, but at a fraction of the cost. It’ll do so in two ways: First, you’ll profit from a substantial increase in $BTCBULL’s price. According to our predictions, BTC Bull Token can reach $0.0096 by 2026 – a 3.7x jump from its current price of $0.00255. Second, you’ll benefit from BTC Bull Token’s free Bitcoin airdrops. A striking feature, the aforementioned $BTC airdrops will take place when Bitcoin reaches $150K and $200K for the very first time. However, only those who hold their $BTCBULL tokens in Best Wallet and participate in the airdrop events on social media will be eligible for free $BTC. Even better for $BTCBULL owners, the project will regularly shave off a part of the token supply. This will increase the crypto’s demand, which would then, in all likelihood, crank up its price. Buy BTC Bull Token now for just $0.00255 each. The project has emerged as one of the best crypto presales, with nearly $7M in early investor funding. 3. KoKoK The Roach ($KOKOK) – Viral New Meme Coin with Massive Potential KoKoK The Roach ($KOKOK) is a new meme coin that launched towards the end of May but has risen to become a force to reckon with in the entire crypto space. $KOKOK is up over 310% since its inception, including a chunky 28% gain over just the past seven days. This fascinating ‘disgusting’ meme coin is proof that degens have enough love to share with other animals, too, besides cute dogs, cats, and frogs. ‘The King of the Drain Pipes’ might be a fitting description for $KOKOK, but the fact remains that it could soon surge past its all-time high of around $0.20 and become one of the greatest meme coins of this year. It’s currently trading at $0.1724, with a market capitalization of $35M and a trading volume of $1.13M (up 110% over the past 24 hours). Increasing Crypto Adoption Notwithstanding, DYOR Is Necessary Despite the market’s increasing bullish outlook on the back of pro-crypto regulatory reforms, there’s no guaranteeing any returns on specific coins. The crypto market is highly unpredictable and volatile, so kindly do your own research before investing. Our articles are purely informational, not financial advice.

Ethereum is showing resilience amid the recent wave of market volatility and uncertainty. While the broader crypto market has pulled back over the past few weeks, ETH continues to hold firm above the $2,500 level — a key psychological and technical support zone. This strength has caught the attention of traders and analysts who see Ethereum’s current price action as a potential launchpad for a move into higher territory. Despite the retracement across major altcoins, Ethereum remains structurally intact, with bulls defending the lower boundary of its current range. The lack of panic-selling at these levels suggests growing confidence in ETH’s long-term trajectory, even as macroeconomic pressures — including tighter liquidity and geopolitical uncertainty — continue to weigh on sentiment. Top analyst Ted Pillows recently shared a technical update highlighting that ETH is still trading within a well-defined range. According to his view, Ethereum’s ability to consolidate without losing critical support is a sign of underlying strength. A breakout above the range high could trigger renewed momentum toward the $2,800–$3,000 region, while a breakdown below $2,500 would invalidate the current setup. Ethereum Approaches Pivotal Zone Amid Uncertainty The crypto market has been navigating a volatile environment, and Ethereum is no exception. However, despite the turbulence, ETH has managed to maintain its footing above $2,500 — a key support level that continues to act as a buffer against deeper downside. With Bitcoin holding strong and altcoins preparing for potential breakout moves, the coming weeks could be decisive for Ethereum’s next major trend. ETH currently trades 48% below its all-time high, but price action suggests that bulls are building momentum. Ethereum has absorbed recent volatility well, even as broader market sentiment remains shaken by rising geopolitical tensions, most notably, the growing conflict between Elon Musk and US President Donald Trump. While these headlines have added uncertainty, Ethereum’s ability to stay range-bound reflects growing confidence among investors. Pillows notes that Ethereum is still trading within a well-defined range, and the structure remains intact. According to his analysis, reclaiming the $2,800 level would be a key breakout trigger, potentially opening the door for a fast rally to $4,000. Until then, ETH remains in consolidation mode — but with Bitcoin showing leadership and the market entering a pivotal phase, Ethereum could be on the verge of catching up. If bulls can maintain control and push through resistance, ETH could finally break out of its range and reenter a bullish price discovery phase. But if resistance holds, traders may see another leg of consolidation. Either way, Ethereum is entering a key window where market direction will likely be defined, and how ETH behaves around the $2,800 mark could determine the altcoin outlook for the rest of the summer. ETH Weekly Chart Shows Momentum Building Near Resistance Ethereum is holding steady near $2,500 as seen on the weekly chart, showing promising signs of strength despite recent market-wide volatility. After bouncing sharply from sub-$1,800 levels in May, ETH is now consolidating just below the $2,707 resistance — the 50-week simple moving average (SMA). This level coincides with the upper boundary of the current range and remains the key line bulls need to reclaim to unlock further upside. ETH is currently trading above its 34-week EMA ($2,501) and the 200-week SMA ($2,450), both of which are acting as dynamic support. Holding these levels reinforces the idea that buyers are stepping in on dips, providing a strong base for potential continuation. However, the price is still capped by the 100-week SMA at $2,610, making the $2,700–$2,800 region a critical resistance zone. A weekly close above this cluster of moving averages could trigger a breakout and pave the way toward $3,000 and beyond. Volume has remained elevated during this consolidation, suggesting sustained interest from both traders and investors. Featured image from Dall-E, chart from TradingView

Technical analysis of Dogecoin’s price action shows that Dogecoin bulls are currently working hard to register a break above the $0.2 resistance price level. However, beyond the immediate battle at the $0.20 resistance, a broader technical perspective presents a far more interesting possibility of Dogecoin reaching new all-time highs very soon. Specifically, the technical analysis of Dogecoin’s monthly candlestick timeframe chart indicates that its price is currently in the formation of a rally between June and July 2025. Analyst Spots Recurring 3-Month Uptick, 5-Month Pullback Formation A technical analysis of Dogecoin’s monthly candlestick chart, first shared by crypto analyst Trader Tardigrade on the social media platform X, identifies a fascinating recurring pattern for the meme coin’s price. According to the analyst, Dogecoin has now completed two price cycles since late 2023, each consisting of a 3-month pump followed by a 5-month pullback. This rhythmic pattern first played out between December 2023 and August 2024. Dogecoin experienced a strong price surge from December to February, followed by a prolonged pullback that lasted from March to July. It followed a similar trajectory between August 2024 up until recently in May 2025, where three months of bullish momentum were followed by five months of bearish price action. The last monthly candlestick helped to confirm this setup, especially after May ended with a positive 11.7% close from its open price. As such, the next outlook is the continuation of this rally in June 2025. Each of the previous 3-month rallies has produced notable upside, with the most recent cycle in 2024 pushing Dogecoin’s price from below $0.08 to a multi-year high around $0.48 in just three months. If this cyclical behavior continues, Dogecoin could be gearing up for a comparable bullish leg in June and July, which would eventually cause it to break into new all-time highs. Chart Image From X: Trader Tardigrade Dogecoin To Repeat History With June/July Rally The notion that history could repeat itself is not new to crypto traders, but in Dogecoin’s case, the visual alignment of price action over time is hard to ignore. Keeping this possibility in mind, a repeat of the previous rally in Q4 2024 will be enough to send the Dogecoin price above resistance levels at $0.22, $0.3, and finally at $0.48. Notably, crypto analyst Trader Tardigrade projected a run-up to $0.3 in June. A successful breach above this level could confirm the start of the next bullish cycle for Dogecoin, and Trader Tardigrade projected a peak price above $0.75 in July 2025. At the time of writing, Dogecoin is trading at $0.184, with a price increase of 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Bitcoin has faced renewed volatility since late May, with the market retracing from recent highs and injecting a fresh dose of uncertainty across the board. While price action has cooled, BTC continues to hold above key levels that bulls are watching closely. The broader sentiment remains fragile, and many investors are on edge, unsure if this is a healthy pause or a setup for deeper downside. Analysts are calling for a decisive move above the all-time high to confirm trend continuation, but so far, momentum remains limited. The risk of a further decline still hangs over the market, especially with macro headwinds unresolved and liquidity tight. Top analyst Daan shared a timely technical update, highlighting that both Bitcoin and Ethereum have tested their respective 4-hour 200MA and EMA and bounced. These moving averages are closely watched for short-term trend shifts. The fact that both assets respected them as support could be a subtle but important signal. Still, this bounce needs follow-through. Without a strong push higher, traders may lose conviction, and the window for reclaiming bullish momentum could narrow quickly in the days ahead. Bitcoin Outperforms But Market Risks Loom Bitcoin continues to trade in a tight range just below its all-time high, struggling to break out with conviction but showing clear resilience. Despite repeated attempts from bears, BTC has held above the critical $100,000 psychological level — a key sign of strength as many altcoins lag behind or lose momentum. While some traders remain cautious, Bitcoin’s relative outperformance is beginning to stand out, hinting at the possibility of a decisive move brewing beneath the surface. This strength, however, comes amid rising uncertainty in the broader macro environment. The US economy is entering a more fragile phase, with tightening credit conditions, stubborn inflation, and weakening labor data adding pressure. These developments raise the stakes for risk assets, including Bitcoin, which has historically thrived during expansionary periods but often struggles when liquidity tightens. Daan shared a critical technical update that could help map Bitcoin’s short- and mid-term direction. According to his analysis, both BTC and ETH recently tested their respective 4-hour 200 moving averages (MA) and exponential moving averages (EMA), and successfully bounced from those levels. These indicators are often seen as key dynamic supports during trend formation. If price continues to hold above them, bulls remain in control. But if these levels give way, momentum could flip quickly, opening the door to deeper retracements. For now, the structure still favors the bulls, but the margin for error is shrinking. With Bitcoin holding steady while macro conditions wobble, the next move could set the tone for the rest of the summer. Traders and long-term holders alike should keep an eye on how BTC reacts to these key support zones in the coming days. Bulls Reclaim Key Levels Bitcoin is showing signs of recovery after bouncing from the $103,600 support zone, as seen in the 4-hour chart. The recent drop to this level was met with strong buying interest, triggering a swift rebound. Price is now consolidating around $105,600, having reclaimed both the 200 EMA ($104,924) and the 200 SMA ($104,816), which had previously acted as dynamic resistance during the pullback. This reclaim is a notable technical development and suggests bulls are regaining short-term control. Volume spikes during the bounce add weight to the move, while shorter-term moving averages like the 34 EMA and 50 SMA are now sloping upward, further supporting the bullish case. Still, BTC must break decisively above $106,600 — a recent lower high — to confirm a shift in trend structure. Above that, the $109,300 resistance stands as the final barrier before retesting all-time highs. On the downside, holding $103,600 remains critical. Losing that level would invalidate the current bounce and open the door to a deeper correction below $100,000. Featured image from Dall-E, chart from TradingView

Bitcoin saw a sharp price dip on Thursday amidst a public fallout between US President Donald Trump and the world’s richest man Elon Musk. The premier cryptocurrency, which had traded steadily within the $104,000–$106,000 range throughout the week, plunged to below $101,000 as tensions escalated between the two influential figures who attacked each other via their personally owned social media platforms i.e. X (formerly Twitter) and Truth Social. Since then, Bitcoin has shown some market resilience climbing back to around $104,000. With another consolidation developing, market analyst Crypto Daan has highlighted the price levels that are critical to the next price breakout. Beyond $106K Or Below $100K – What’s Next For Bitcoin? The month of May proved largely bullish for Bitcoin as the digital asset surged from around $95,000 to establish a new all-time high near $112,000 marking the resumption of the larger crypto bull market. However, Bitcoin has noted a significant price correction since reaching this peak with market prices pegged around $104,000 on May 31. As seen in the first week of June, Bitcoin had hovered around $106,000 before its most recent price slump on Thursday. Due to this price action, Daan Crypto notes the digital asset is now trading within a price range of $100,000-$106,000, where it comfortably sits at the mid-range around $104,000. The analyst notes that if Bitcoin returns break below the lower range boundary at $100,000, the ongoing price correction could extend for 1-2 weeks. Going by BTC’s stairwell ascent in the past month, potential market support in such a bearish case would lie around $95,000 and $85,000. On the other hand, if the market bulls can force a return above the monthly high of $106,000, Daan Crypto explains that such development would indicate the market correction is over, and Bitcoin may be headed for another price discovery with potential initial targets of around $120,000. BTC Price Overview At the time of writing, Bitcoin trades at $104,650 following a price gain of 2.98% in the past day. Using larger time frames , the premier cryptocurrency is up by 1.12% on its weekly chart and 7.49% on the monthly chart indicating a strong bullish control of the market. Interestingly, the Relative Strength Index on the daily chart stands at 51.53 facing upward which supports the notion that Bitcoin’s correction might be over with price eyeing a return to the overbought zone above 70. With a market cap of $2.07 trillion, Bitcoin continues to rank as the world’s largest cryptocurrency and fifth largest asset in the world.

CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term. However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward. A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups. Awaiting Chainlink Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength. Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility. As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself.

The Bitcoin market was recently subject to a significant price dip as a public feud between US President Donald Trump and the world’s richest man, Elon Musk, on Thursday negatively impacted the US financial markets. During this period, the premier cryptocurrency crashed by an estimated 5% from $106,000 to trade below $101,000. Interestingly, despite the short-term volatility, several key technical indicators now point to a potentially bullish setup. In fact, this latest pullback appears to complete a series of signals that historically precede major price rallies. Bitcoin Set For Price Surge, First Target At $130,000 In an X post on June 6, a market expert with X username CrypFlow shares a bullish Bitcoin prediction amidst an ongoing price correction. Aside from sharp price decline in the past week, the BTC market has witnessed a steady price correction since the premier cryptocurrency achieved a new-all time high of $111,970 on May 22. However, CrypFlow states that this price retracement alongside a host of other technical indicators suggest that Bitcoin is setting to repeat its price rally from Q4 2024. The first indicator observed by the analyst in the chart above is the golden cross which occurs when the 50-day simple moving average (50SMA) crosses above the 200-day simple moving average (200SMA) in early June 2025. The golden cross is a common bullish indicator that signals a shift in market momentum and was last seen in November 2024. Furthermore, there is a Bitcoin price breakout above a long-standing purple downward trendline that originated in December 2024. This breakout also mirrors another move seen in early November 2024, when BTC breached the descending resistance that began in March 2024. The ongoing price correction represents the final indicator as Bitcoin also suffered an estimated 10% price fall in November falling from $74,500 to $68,500 before initially an explosive price rally. CrypFlow’s analysis suggests that if Bitcoin is repeating its price rally from Q4 2024, the premier cryptocurrency could produce a 62% price gain translating into potential targets around $170,000. However, the analyst has set a more conservative initial price target of $130,000, representing a 25% gain from current market levels. Bitcoin Price Prediction At press time, Bitcoin trades at $104,850 after a 2.57% gain in the past day. Meanwhile, the asset’s daily trading volume has dropped by 19.59%. According to data from prediction site Coincodex, the general BTC market sentiment remains bullish despite a Fear & Greed Index of 45 which indicates Fear. The Coincodex analyst team are backing this market’s positivity with a price projection of $134,074 in five days and $155,864 in three months.

The story has been somewhat the same for the price of Bitcoin over the past week, drifting further from its recently-notched all-time high of $111,814. On Friday, June 6, the premier cryptocurrency fell towards the $101,000 level, reflecting an uptick in the market volatility over the past few days. While the Bitcoin price has quickly recovered from this sudden downturn, there is still real concern about the market leader’s performance since reaching its record-high value. However, a new indicator suggests that the price of BTC might still have some time to run up to a new high. Analyst Predicts Four Months Of Opportunity For BTC In a recent post on the X platform, crypto expert Joao Wedson revealed that there might still be some degree of opportunity in the Bitcoin market. This observation is based on a model, which was accurate in predicting past all-time high prices for the world’s largest cryptocurrency by market capitalization. This revelation is based on the Max Intersect SMA Model (the blue line), which has accurately identified the tops of past Bitcoin cycles. According to Wedson’s post, this cycle top prediction model suggests that the price of BTC could still have around four months of upward growth potential — regardless of the volatility and market shakeout. As seen in the chart above, the price of Bitcoin reaches its current cycle peak whenever the Max Intersect SMA (simple moving average) hits the previous cycle top. In the 2021 cycle, the top prediction model hit the 2018 high of around $19,000 in November 2021, culminating in a then-all-time high of $69,000. Hence, when this Max Intersect SMA hits exactly $69,000 — the price top in the last cycle, that will represent the peak of this current cycle. Wedson also asserted that this model is pretty reliable, as it is backed by 200 tested algorithms. With this top prediction model still a bit off $69,000, the Bitcoin price might still be some months away from its peak. Bitcoin Price At A Glance As mentioned earlier, the price of BTC seems to be struggling after recently hitting its current all-time high above the $110,000 mark. This week’s performance must have tested investors’ patience as the flagship cryptocurrency mostly traded within a consolidation range. According to data from CoinGecko, the BTC price is up by a mere 0.2% in the last seven days. As of this writing, Bitcoin is valued at around $104,400, reflecting an over 2% price increase in the past 24 hours.

The Bitcoin price has continued to trade sideways since hitting a new all-time high (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next. Analyst Reveals What’s Next For The Bitcoin Price In an X post, Decode shared an accompanying chart in which he made an ABC wave analysis of the current Bitcoin price action. Based on his analysis, the leading crypto is expected to drop below $100,000 before it rallies to a new ATH of $120,000. The chart showed that BTC could fall to as low as $96,500 on the Wave B corrective move. This drop to $96,500 is expected to happen this month. Once that is done, Decode predicts that the Bitcoin price could rally above $120,500 before the end of July. This will mark the Wave C impulsive move to the upside. This aligns with veteran trader Peter Brandt’s prediction that BTC could reach as high as $150,000 by late summer. However, crypto analyst KillaXBT has predicted that the Bitcoin price could hit the $120,000 target by mid-June. This coincides with the June FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could serve as the catalyst for such a parabolic rally from the current BTC price level. According to CME FedWatch data, there is a 97.4% chance that the Fed would keep interest rates unchanged. As such, market participants aren’t expecting a rate cut, which is why the Bitcoin price could pump massively if Jerome Powell and the FOMC were to surprise everyone. Moreover, US President Donald Trump yesterday urged the Fed to cut rates by a full point. A Breakout Might Be On The Cards In an X post, crypto analyst Titan of Crypto suggested that a breakout could be imminent for the Bitcoin price. He noted that BTC is progressing inside a 4-hour falling wedge, which indicates a bullish reversal pattern. If confirmed, the analyst stated that the breakout could target the $107,500 and $109,500 zones, which are the Fibonacci confluence areas. Crypto analyst Kevin Capital highlighted the solid V-shape recovery for the Bitcoin price after the leading crypto dropped to as low as $100,000 on May 5. However, the analyst noted that BTC’s rebound back to the $105,000 zone won’t matter until it breaks above the $106,800 level. The leading crypto must also show actual follow-through with 3-day to 1-week closes to support a breakout. At the time of writing, the Bitcoin price is trading at around $105,000. Up over 2% in the last 24 hours, according to data from CoinMarketCap.

The Bitcoin price has not had quite the same spark it did at the beginning of the last month so far in June. The premier cryptocurrency has somewhat struggled to break out of a consolidation range since reaching a new all-time high in the month of May. The Bitcoin price recently succumbed to bearish pressure, falling to around $101,000 on Friday, June 6. While the market leader has enjoyed some resurgence to begin the weekend, a prominent blockchain firm has now identified significant levels in the event of a return to the $100,000 level in the coming days. Here Are The Next Support Levels For BTC In a June 6 post on the social media platform X, crypto analytics firm Sentora (previously known as IntoTheBlock) revealed an interesting on-chain perspective on the price of Bitcoin and its latest dip toward $100,000. According to the intelligence platform, there are some significant levels lying just beneath the six-figure valuation threshold. This analysis is based on the average cost basis of several Bitcoin investors and the distribution of the BTC supply around the current price. For context, cost-basis analysis basically evaluates the capacity of a price level to act as support or resistance, depending on the volume of crypto last acquired by investors at this level. As observed in the chart below, the size of the dots directly corresponds with the quantity of BTC purchased within each price bracket and the region’s capacity to act as support or resistance. This implies that the larger the dot, the higher the number of coins purchased, and the stronger the support or resistance level; the green dots are support (as they are usually below the current price), while the red dots serve as resistance (as they are above the asset price). According to data by Sentora, the Bitcoin price seems to have major support within the $95,000 – $99.000 region due to heavy accumulation by investors. This price zone would serve as an on-chain cushion for the Bitcoin price, as investors with their cost bases around the level are likely to defend their positions by acquiring more coins if the price falls toward the $95,000 – $99,000 zone. Sentora mentioned that if the bulls do defend this support level, the Bitcoin price could be in for an extended rally. On the flip side, the on-chain firm asked investors to expect a surge in volatility if this support level fails to hold. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above $104,400, reflecting an almost 3% increase in the past 24 hours.

XRP is currently showing signs of vulnerability as its recent price action is becoming increasingly bearish. After attempting to reclaim upside momentum above $ 2.60 in May, the cryptocurrency has struggled to maintain this run, and its price action over the past few days has brought it close to losing the $2.10 price level. Notably, the price action has resulted in the formation of a head and shoulders pattern on the daily candlestick chart. This might be the final straw that finally sends the XRP price plummeting below $2. XRP Breaks Head And Shoulders Neckline As identified by a crypto analyst on the social media platform X, XRP has now printed a classic head and shoulders formation, with clearly defined symmetry between the left shoulder, head, and right shoulder. The head and shoulders formation began taking shape in late April, when the price climbed to $2.26 to become the left shoulder of the pattern. In early to mid-May, XRP surged above $2.60 to create the head of the formation and what appeared at the time to be a resumption of strong bullish momentum. The rally lost steam soon after reaching that May peak, and the price began to retreat once again. By June 3, XRP made another attempt to push higher, reaching $2.27 in what is the formation of the right shoulder. However, this push wasn’t enough, and the ensuing price action has seen sellers gradually fighting for control. The head and shoulders pattern, which is often associated with trend reversals, became more concerning once XRP broke below the neckline around the $2.18 level to reach as low as $2.07 on July 6. Interestingly, the breakdown below the neckline was accompanied by increased volume, which provided additional confirmation of the bearish signal. EMA Rejections For XRP: What’s Next? Now that XRP has broken beneath the neckline, the $2.18 to $2.20 zone is beginning to flip into a firm resistance barrier for any attempt at recovery. The daily candlestick chart shows XRP continuing to trade below both the 9-day EMA and the 50-day SMA, which currently stand at $2.1877 and $2.2649 respectively. Despite a modest recovery over the past 24 hours, XRP has repeatedly failed to break back above the 9-day EMA since the neckline breakdown, showing persistent weakness in the short-term structure. As long as XRP is trapped beneath the neckline and the EMA/SMA resistance cluster, the prevailing structure continues to favor a downward extension. Based on the head and shoulders setup, a measured move from the neckline breakdown projects a decline toward the $1.85 to $1.80 range. At the time of writing, XRP now finds itself trading at the neckline resistance again at $2.18 after a 2.6% increase in the past 24 hours from $2.13. However, the strength of this bounce is questionable, as it has occurred alongside a sharp 48.14% drop in trading volume. The next 24 hours will be important, as price behavior around the $2.18 to $2.20 range could determine whether XRP resumes its descent and break below $2. Featured image from Unsplash, chart from TradingView

Solana (SOL) is showing resilience amid broader market weakness, as volatility shakes crypto assets across the board. After a sharp retrace alongside Bitcoin and Ethereum, Solana is stabilizing above key demand levels, sparking cautious optimism among investors. Many are eyeing this zone as a potential launchpad for the next leg up, especially as the market seeks to recover and regain bullish momentum. Despite recent uncertainty, sentiment around Solana remains constructive. Analysts point to strong structural support and a history of sharp rebounds from similar technical setups. Among them, top crypto analyst Ali Martinez recently shared a key signal that has caught the attention of traders: the TD Sequential indicator has flashed a buy signal for Solana on the daily timeframe. Historically, this signal has preceded notable price rallies, particularly when it aligns with strong support zones. With Solana holding firm and broader sentiment gradually improving, bulls are watching closely for a push into higher supply zones. If confirmed, a breakout from this range could send SOL toward new short-term highs. The coming days will be critical in determining whether Solana can sustain this momentum and lead the next altcoin rally. Solana Tests Support As TD Sequential Signals Rebound Solana is holding a critical support zone near $145 after shedding more than 20% of its value since late May. The correction has brought SOL into a key demand area, where bulls appear to be defending the level with strength. Despite attempts to reclaim $160, the altcoin has faced persistent resistance, with fading momentum and rising macro risks clouding short-term price action. Market-wide conditions haven’t helped either. Both Bitcoin and Ethereum have stalled below key resistance zones, failing to spark a broader rally in altcoins. This hesitation has intensified uncertainty, with some analysts calling for a deeper retracement in SOL if market leaders continue to slide. However, others remain optimistic that Solana could soon turn the tide. A key signal for Solana has emerged, with analyst Martinez reporting that the TD Sequential indicator printed a buy signal on the daily chart. Historically, this indicator has been a reliable precursor to significant local bottoms and bullish reversals, particularly when seen near strong support levels. With SOL recently experiencing a selloff and now stabilizing, this signal underscores the growing bullish potential. For now, Solana’s ability to hold above $145 will be key. A bounce from this level, combined with improving sentiment across large-cap assets, could trigger a fresh push toward $160 and beyond. If confirmed, such a move would signal that SOL is regaining strength and ready to retest higher resistance levels in the weeks ahead. SOL Retests Support After Prolonged Correction Solana (SOL) is trading at $148.44 after attempting a modest rebound from its recent local low near $145. The daily chart shows that SOL has lost momentum since peaking above $180 in late May, marking a 20% correction. Price is now holding just above the 100-day moving average (144.68), a key technical level that previously acted as support during consolidation phases. The 50-day and 34-day moving averages are now trending downward, with the 50-day SMA around $159.33 and the 34-day EMA near $159.35 — both acting as dynamic resistance. Meanwhile, the 200-day SMA remains higher at $177.49, reinforcing the presence of a strong overhead supply zone between $160 and $180. Despite the bearish pressure, volume has remained relatively muted during the recent drop, suggesting that panic selling hasn’t taken over yet. If SOL manages to hold above the $144–$145 region, this could form the base for a rebound, especially if broader market sentiment improves. A daily close back above the 34-EMA could open the door for a recovery toward $160. However, a breakdown below $144 could trigger further downside toward the March lows. For now, SOL remains at a technical crossroads, with short-term direction hinging on the next few candles. Featured image from Dall-E, chart from TradingView

Bitcoin (BTC) is showing signs of repeating a historic Golden Cross pattern that led to a long-term parabolic run. While the cryptocurrency’s recent pullback near the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high. Golden Cross Formation Pits Bitcoin At $150,000 Bitcoin has once again flashed a classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rally in the coming months. According to a technical analysis by ‘Chain Mind,’ a crypto analyst on X (formerly Twitter), Bitcoin may be on the verge of an explosive surge to $150,000 if this historical pattern plays out as expected. The last time BTC formed this pattern was in November 2024. Immediately after the cross’s completion, Bitcoin’s price experienced a 10% correction, followed by a sharp 62% rally over the next several weeks. This behavior established a clear trend of a short-term shake-out preceding a strong bullish continuation. Now, in early June 2025, Bitcoin has printed another Golden Cross on its chart, and so far, price action appears to be closely mirroring the one from the previous year. Notably, Bitcoin has dropped 8%, suggesting a smaller but comparable corrective phase to the one observed in 2024. Technical projections from Chain Minds now show a possible 51% rally on the horizon from the post-correction bottom. This would potentially place Bitcoin in the $150,000 range by the end of 2025. Notably, Chain Mind’s analysis identifies Bitcoin’s recent crash toward the $100,000 region as a potential local bottom, with the Golden Cross acting as the catalyst for the next leg of the bull run. If the current historical pattern holds, Bitcoin may be entering a sustained period of upward movement to new all-time highs. With the cryptocurrency already recovering from the brief downturn and now trading at $105,050, a 51% increase would potentially place its price at approximately $158,625 once the historical Golden Cross pattern is fully completed. Bitcoin Uptrend At Risk If $100,000 Level Is Lost Despite the broader bullish sentiment surrounding Bitcoin, its price is currently navigating a critical trading range between $100,000 and $112,049, which analysts suggest is crucial for maintaining its current optimistic outlook. Crypto Fella, the market expert responsible for this analysis, has shown via a chart that BTC is consolidating within a rectangular band, reflecting a pause in momentum after a sharp upward move earlier in the quarter. The crypto analyst has boldly asserted that as long as Bitcoin continues to trade within the range above, there should be little cause for concern for another major crash. However, if the $100,000 mark fails to hold, the next likely target for downside movement is between $97,000 and $95,000, representing a 9.56% and 7.66% decline from current levels, respectively.

According to social media buzz, the growing clash between Elon Musk and US President Donald Trump has sent ripples through the crypto world. Musk’s public swipe at a recent spending bill kicked things off. Then came Trump’s warning to yank Musk’s government contracts. It got messy fast. And now, some believe XRP could come out on top. Elon Musk-Trump Feud Spurs Crypto Talk Musk took to Twitter on June 4 to slam what he called reckless government spending. His post warned of “serious economic risks.” Not long after, Trump fired back. He threatened to pull subsidies and contracts tied to Tesla. That response sent Tesla’s stock tumbling. Investors watched $150 billion in market value vanish in a matter of hours. Market Moves And Price Swings Based on reports, Bitcoin slid more than 5% following the news. It dropped to a low of $100,550 before finding a bit of footing near $102,400. XRP wasn’t spared either. It fell alongside other major coins, though the exact drop varied across exchanges. Traders saw quick declines, then a modest rebound as the dust settled. XRP Community Weighs In Joshua Dalton, who founded tech services firm TRIBLU, stirred the pot with a bold claim. He suggested Musk might choose XRP as the main currency for X’s upcoming payment system, X Money. Dalton argued that Musk “will do anything” to make XRP the go-to token. He tagged Ripple, Musk, US President Trump, and Trump’s sons in a single post. That move framed the drama as more than just politics—it became a showdown of crypto loyalties. Technical Fit For X Money XRP provides quicker settlement and reduced fees than Bitcoin. In 2021, Musk suspended BTC payments for Tesla due to high energy consumption and centralized mining concerns. That move proved he’s not afraid to change course when a coin isn’t aligned with his objectives. In October 2024, Musk even referenced XRP in a viral video. He spoke of crypto like XRP potentially resisting central control, but he did not go so far as to make a full endorsement. With X Money scheduled to roll out later in 2025, XRP’s architecture for cross-border transfers could mirror what Musk is looking to create. Some analysts point out real hurdles. Ripple still holds a large chunk of XRP, and US regulators are watching closely. Any big move would need legal green lights and deep liquidity on exchanges. But for now, the idea of an “everything app” powered by XRP keeps popping up in crypto chats. Featured image from Shutterstock, chart from TradingView

Gemini, the crypto exchange built by everyone’s favorite identical twins, Cameron and Tyler Winklevoss, just quietly took a major step toward going public. They’ve filed confidentially for an IPO, and if all goes well, we could see Gemini trading on a traditional stock exchange sometime soon. Timing It Just Right Let’s be honest, crypto companies haven’t always had the smoothest ride with public markets. But Gemini’s filing comes at a pretty strategic moment. Bitcoin is hovering above $70,000, Ethereum’s back in the green, and the general mood in crypto land is cautiously optimistic. Even the regulatory landscape, while still bumpy, feels a bit less hostile than it did a year ago. Instead of airing out their financials from the start, Gemini went the confidential route. That allows them to test the waters and tweak things behind the scenes before fully committing. It’s a move plenty of big-name companies have used to avoid spooking investors if the market shifts. What Gemini Brings to the Table Launched in 2014, Gemini isn’t just another crypto exchange. The Winklevoss brothers have tried to paint it as a clean, buttoned-up alternative to the wild west of digital assets. It’s been one of the few platforms to lean into regulation, boasting New York licensing, SOC audits, and a reputation for security. Gemini offers crypto trading, staking, a custody service, and even a credit card with crypto rewards. Over the years, it’s played a more conservative game than competitors like Binance or FTX, but that’s partly what makes it appealing to institutional investors. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Why This IPO Could Matter Circle just pulled off its own IPO with a splashy debut, and now Gemini seems ready to follow suit. If Gemini’s offering lands well, it could signal that crypto companies focusing on compliance and infrastructure are back in Wall Street’s good graces. 24h7d30d1yAll time This could also encourage others in the space to test the waters. Think companies like Kraken or OpenSea, which’ve been flirting with public markets for years. A successful Gemini IPO would be a win for the twins and a green light for the next wave of crypto firms eyeing a listing. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What’s the Catch? While things are looking up, crypto firms still face scrutiny. Gemini had its own scuffles with regulators over the past year, especially regarding its now-defunct Earn program. But it looks like most of those legal clouds have cleared. It’s also worth remembering that crypto sentiment can flip fast. If markets tank again or lawmakers decide to tighten the leash, that IPO window could slam shut. Gemini is taking a calculated risk here, betting that demand for crypto exposure in the stock market is still strong. Final Thought The Winklevoss twins made a name suing Facebook, then doubled down on Bitcoin when most people thought it was a joke. Now they want to take Gemini public, and they’re doing it quietly but deliberately. If they pull it off, it’ll be another milestone for crypto’s march into mainstream finance, only this time, in a suit and tie. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Gemini has confidentially filed for an IPO, positioning itself as one of the next crypto firms to enter the public markets. The timing of the filing aligns with strong crypto market conditions and improved investor sentiment toward digital assets. Founded by the Winklevoss twins, Gemini has built its brand around compliance, regulation, and security-first infrastructure. A successful Gemini IPO could pave the way for other crypto companies like Kraken or OpenSea to explore going public. Despite past regulatory challenges, Gemini’s deliberate IPO move reflects growing confidence in crypto’s place on Wall Street. The post Gemini Aims for Wall Street: Winklevoss Twins File for IPO appeared first on 99Bitcoins.

The UK’s top financial regulator just made a surprising pivot. The Financial Conduct Authority (FCA), known for its cautious stance on crypto, is planning to lift its ban on crypto exchange-traded notes (ETNs) for retail investors. Yep, after years of saying “not on our watch,” the door might finally be creaking open. If the ETN ban is lifted, retail investors could gain regulated access to crypto exposure through traditional broker platforms. ETNs: The Middle Ground for Crypto Curious So what are crypto ETNs, and why should anyone care? Think of them as a way to bet on crypto without touching it. They let investors track the price of digital assets like Bitcoin through traditional stock exchanges, without needing to set up wallets or worry about losing keys. They’re not exactly new. Big players like 21Shares and VanEck already offer these in other countries. However, for UK retail investors, the FCA had slammed that door shut back with the original ETN ban in 2021. Too risky, they said. Too complex. Too volatile. That was the vibe at the time. What’s Changed? The FCA now says the market has grown up a bit. There’s more structure, transparency, and demand from retail traders who want crypto exposure through safer, regulated vehicles. In a consultation paper released this week, the FCA said it’s open to feedback on lifting the ban. They still don’t want people YOLO-ing their life savings into meme coins. Still, they’re signaling that the public deserves options beyond holding assets outright or getting rugged in shady Telegram groups. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Will You Be Able to Buy Crypto ETNs Tomorrow? Not quite. This is just the consultation phase. The FCA is collecting input from now until July. If it moves forward, the rules would come with many guardrails. Think: mandatory risk warnings, tighter marketing rules, and limited platforms offering these products. 24h7d30d1yAll time So don’t expect to fire up your brokerage app and start buying Bitcoin-linked ETNs next week. But change is on the horizon. DISCOVER: 20+ Next Crypto to Explode in 2025 Why It Matters for the UK This isn’t just about ETNs. It’s about how the UK wants to position itself in the global crypto scene. While the US battles the SEC over what counts as a security and MiCA reshapes Europe’s rules, the UK is trying to carve out its own regulatory identity—one that supports innovation but doesn’t throw retail investors to the wolves. The Treasury has been talking about making the UK a crypto hub for years. Allowing access to ETNs could be one of the first tangible steps in that direction. What Could Go Wrong? Plenty. Crypto is still volatile, and ETNs are not immune. If issuers collapse or the underlying markets crash, retail investors could get burned. The FCA knows this, and that’s why it is treading carefully. It wants to strike a balance between freedom and responsibility. But it’s even having this conversation shows how far things have come since the early days of blanket bans and knee-jerk policies. Final Word The UK might not be opening the crypto floodgates, but it is cracking a window. And for retail investors who have been watching from the sidelines, that’s something. If the FCA follows through, we could see a new chapter in which crypto is treated less like a threat and more like a legitimate part of the financial toolkit. Lifting the ETN ban would be a significant step forward in the UK’s plan to become a competitive hub for crypto finance. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The FCA is proposing to lift its 2021 ban on crypto ETNs for UK retail investors, signaling a shift in its regulatory stance. Crypto ETNs let investors track digital assets like Bitcoin through regulated exchanges without directly holding crypto. The proposal is in the consultation phase and, if approved, will include strict marketing rules and risk warnings to protect retail buyers. This move supports the UK’s broader goal of becoming a crypto-friendly financial hub while still maintaining strong investor protections. If approved, UK retail access to crypto ETNs would align more closely with global markets where firms like 21Shares and VanEck already operate. The post FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors appeared first on 99Bitcoins.