Shiba Inu forms first 2025 golden cross

Shiba Inu saw an 85% rise following the last golden cross occurrence. 

• Technical signal. SHIB 50-day MA crossed above the 200-day MA, creating its first daily golden cross this year.

Shiba Inu has formed a golden cross on its daily chart, the first such occurence in the year 2025, as SHIB saw a death cross on its one-day chart in February this year. The short-term moving average 50 has crossed above the long term moving average 200, resulting in a bullish golden cross.

• Significance. Bullish signal suggests potential upside, though market context remains cautious.

While Shiba Inu has formed moving average crossovers on the hourly or 4-hour time frames, the newly created golden cross is the first such on the daily chart this year. With this newly created bullish signal on the Shiba Inu charts, the market awaits where the dog coin will go next.

The broader cryptomarket is seeing continued profit taking, with major cryptocurrencies reversing early gains. Shiba Inu fell for three straight days from Aug. 22, when it saw a sharp rise from $0.000012 to $0.0000135. The drop hit a low of $0.00001183 from where Shiba Inu sharply rebounded in yesterday’s session.

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Bitcoin faces double-top risk after whale sell-off

Top trader Peter Brandt claims that Bitcoin (BTC) is facing a potential double top.

• BTC alert. Peter Brandt warns BTC bulls must reclaim $117,570 to avoid a “potential” double top.

Legendary trader Peter Brandt claims that Bitcoin bulls desperately need to reclaim the $117,570 level in order to avoid a “potential” double top. The leading cryptocurrency is currently changing hands at $111,794 after dipping to an intraday low of $100,381.

During the weekend, a Bitcoin whale liquidated a total of 24,000 coins that were worth more than $2.7 billion. It is believed that the massive crash was the key reason why the price of the leading cryptocurrency has now collapsed by $4,000 in mere minutes. 

• Reactions. Adam Back called the sell-off “clumsy.”

Blockstream CEO Adam Back described this kind of activity as clumsy. “Normally, people with that kind of money would be smarter,” Back said.  Even though some market participants have downplayed the importance of the massive whale move, Brandt insists that it should not be dismissed since it represents supply.  As noted by Brandt, market tops tend to be created by supply or distribution. 

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Dogecoin whale pulls $12M from Binance

DOGE withdrawal stuns Binance as new Dogecoin whale is born.

• Large transaction. A whale withdrew 52.9M DOGE (~$12M) from Binance in two large transactions

Dogecoin whale pulled 52.9 million DOGE off the world’s largest crypto exchange, Binance.  That is almost $12 million worth of liquidity that left the exchange in just under a day. The movements came in two big tranches, first 32.9 million DOGE, then another 20 million, both routed into a wallet that appeared only recently and now holds the whole stash.

Dogecoin has a circulating supply in the hundreds of billions, but when a single address consolidates that much volume, it can change how the order book functions in the short term. Binance is still the busiest place for DOGE, but now it looks like they have fewer of the coins available. 

This is usually seen as a sign that the holder does not want to trade them on the open market, but rather just hold on to them. This idea has been backed up by the past, when similar outflows happened before recoveries from local lows.

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Commodity trader Peter Brandt claims that gold remains in a long-term bear trend against Bitcoin.

The weekly chart shared by Brandt shows that the XAU/BTC ratio has been in a persistent downtrend for over a decade. 

Gold resumes its rally 

Earlier today, gold, which is viewed as the most popular safe haven asset, surged to a two-week peak of $3,407. The yellow metal is attracting more buyers due to rising odds of rate cuts being implemented by the U.S. Federal Reserve this year. 

Growing trade tensions are also contributing to the ongoing gold rally, Reuters reports. 

On Apr. 22, gold reached a new all-time high of $3,500, which came after massive tariffs announced by the U.S. 

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Gold failed to sustain the rally after the U.S.-China tariff detente, but it is now catching a bid once again. 

Will Bitcoin catch up? 

The yellow metal is still up by 29% since the start of the year. It has outperformed Bitcoin, which is only up by a mere 24% this year despite a slew of bullish catalysts. 

Mike McGlone, who recently turned bearish on Bitcoin, recently noted that the Bloomberg Galaxy Crypto Index barely managed to match the gains recorded by the S&P 500 this year, showing how dismal the performance of the nascent asset class is this year.

As reported by U.Today, Fidelity’s Jurrien Timmer previously forecasted that Bitcoin would be able to race ahead of gold in the second half of the year. 

However, Bitcoin only managed to briefly surpass gold in terms of year-to-date returns in July when it hit its current all-time high of $122,838. 

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Last updated: 

June 12, 2025

Bitcoin has dropped to $107,177, below the $108,000 support as selling pressure mounts. Veteran trader Peter Brandt is warning of a 75% correction to $27,290 from recent highs of $112,000.

He notes that the breakdown below the ascending channel and series of lower highs is similar to the 2022 bear market when Bitcoin dropped from $69,000 in late 2021.

Brandt’s warning isn’t just technical. He points to deteriorating market structure and sentiment as key supports fail. This has amplified investor anxiety, especially with the broader macro and geopolitical backdrop.

Geopolitical Tensions Intensify Market Risks; Bitcoin Under Pressure

Global conflicts are fueling the fire. Reports of Israel preparing to strike Iran have caused risk-off sentiment. The Russia-Ukraine war has escalated with drone strikes on Kharkiv, deepening investor caution.

While uncertainty usually boosts safe-haven assets, Bitcoin is not capturing traditional safe-haven flows. It’s weakening along with broader risk assets.

Despite the risk-off tone, US Bitcoin ETFs saw $164.57 million in net inflows on Wednesday. GameStop added 4,700 BTC since May, and Mercurity Fintech plans to raise $800 million for a BTC treasury reserve. But institutional demand hasn’t yet offset broader market pressure.

Bitcoin Technical Breakdown Weighs on Bears

Technically, the Bitcoin price prediction appears bearish amid BTC’s breakdown below the trendline and the 50-period EMA ($107,985), which is clear. MACD confirms with a bearish crossover and widening gap, indicating downward momentum.

Rejection candles from $110,376 and lower highs have formed a near-term bearish pattern.

BTC is testing immediate support at $106,401. If that fails, further declines to $105,180 or $104,026 are more likely.

The market is at a crossroads, either a breakdown to Brandt’s $27,000 target or a short-lived bounce on institutional accumulation.

Trade Setup for Short Sellers:

• Entry: Short on rejection near $108,000
• Stop-loss: Above $108,800 (above EMA)
• Target 1: $106,400
• Target 2: $105,180
• Risk Level: 6/10

Summary

Bitcoin’s price action is weakening its technical structure and poses high bear risk. With macro headwinds, geopolitical tensions, and a veteran trader’s warning, BTC may be starting a bigger correction.

Watch levels closely and be prepared for more volatility. The market is fragile; a break below $106,000 could be the start of a bigger move.

BTC Bull Token Nears $8.1M Cap as 58% APY Staking Attracts Last-Minute Buyers

With Bitcoin trading near $107K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,103,849.89 out of its $8,153,354 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit.

BTC Bull Token links its value directly to Bitcoin through two core mechanisms:

• BTC Airdrops reward holders, with presale participants receiving priority.
• Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.

The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:

The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering:

• No lockups or fees
• Full liquidity
• Stable passive yields, even in volatile markets

This staking model appeals to both DeFi veterans and newcomers seeking hands-off income.

With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.

Seasoned trader Peter Brandt is warning that the payments altcoin XRP is at risk of going through a massive capitulation event.

The legendary trader tells his 781,500 followers on the social media platform X that XRP is forming a head-and-shoulders (H&S) pattern on the daily chart.

An H&S structure is a bearish pattern indicating that an asset has lost momentum to sustain its uptrend after failing to print new highs.

According to Brandt, the bearish structure will be invalidated if XRP climbs above a key resistance level. Otherwise, he says XRP is in danger of breaking support at $1.90 and witnessing a waterfall event.

“Don’t shoot the messenger.

Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if $3.0 is exceeded, otherwise the implications are a decline to $1.07. If you have an issue with this, take it up with Magee and Edwards.

XRP.”

At time of writing, XRP is worth $2.12, down over 3% on the day.

Looking at Bitcoin, Brandt warns that BTC has broken down from a bearish continuation pattern after losing $85,000 and is now likely headed below $70,000.

“Don’t shoot the messenger.

Just reporting on what the chart says until it says something different. Bear wedge completed with 2x target from the double top at 65,635.”

At time of writing, BTC is worth $82,791.

As for the S&P 500, Brandt says that the stock market index is now in an “established downtrend” after flipping the 5,864 support level into resistance.

“The 2x target of 5,170 is a very appropriate 18% correction from the high.”

As of Friday’s close, the S&P 500 is hovering at 5,580 points.

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Generated Image: Midjourney

After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies.

With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish.

Peter Brandt Lists Six Reasons Bitcoin Has Turned Bullish

Bitcoin has seen its value rise by approximately 9% in the past 24 hours, adding about $166 billion to its market capitalization. This marks a swift change from the decline last week, which saw Bitcoin declining to fill a CME gap below $80,000.

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Renowned for his deep technical expertise, Peter Brandt took to social media to outline six reasons why Bitcoin has now returned to a bullish trajectory. His observations are rooted on a series of technical developments that have unfolded over the past week. 

Brandt’s first key point is Bitcoin’s recent 30% correction. Notably, Bitcoin’s recent crash to a bottom at $78,900 marked a 30% correction from its January 30 all-time high of $108,786. This level of pullback is typical in strong bull markets and often precedes the next leg up. The second reason why Bitcoin has flipped bullish is its ability to find support along its parabolic advance despite the recent dip.

Another factor reinforcing Bitcoin’s bullish outlook is the successful retest of a CME futures gap below $80,000. Interestingly, this gap had been a key concern even as Bitcoin rallied to above $100,000 in January, with technical analysis warning of a drop toward this level. Now that the CME gap has been filled, the next step is the resumption of bullish momentum.

Brandt also highlighted the emergence of a “foot shot doji” candlestick pattern, which typically indicates the exhaustion of selling pressure and a potential reversal. Furthermore, he referenced the Factor three-day trailing stop rule to indicate that Bitcoin is regaining strength. Lastly, he pointed to a high-volume “puke out,” where sellers have exited Bitcoin in capitulation. Taken together, these signals suggest that Bitcoin’s latest rally is not just a temporary bounce but a confirmation of bullish momentum. 

What’s Next For BTC As Bullish Signals Strengthen?

At the time of writing, Bitcoin is trading at $92,443 and everything surrounding its fundamentals now points to a continued move upwards in the coming weeks. Interestingly, you could argue that institutional invesments through Spot Bitcoin ETFs have yet to be factored into the price of Bitcoin following Trump’s announcement of a US crypto strategic reserve. 

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The announcement came over the weekend when traditional markets were closed, meaning the bullish momentum was largely driven by retail traders. With this, Bitcoin is likely to push past the $100,000 mark again before the end of the week as institutional inflows pick up.

Featured image from iStock, chart from Trsdingview.com