The bullish setup for SEI is beginning to take shape and you may be seeing the best entry points in a few weeks, but there is an important catch.

SEI has consolidated the last three weeks to a defined range and have seen everything else in the Altcoin space torn apart. So, is it time for you to become a monkey?

SEI prices form classic bullish patterns, but face important resistance

Over the past 24 hours, SEI has declined by 5.5%, and we retested the lower limit of the three-week range between $0.317 and $0.37. Despite this dip, the wider construction remains constructive.

Textbook cups and handle formations appear to be formed on the 1D chart, with prices trying to get out of the “handle” section, with multiple indicators beginning to see the shift in momentum.

“It’s a golden cross and usually turns the continuation of the trend upside down.” – 99 Bitcoin Analysis

$ Interesting L1 with a lot going on. Charts with higher prices and heights per week as support was found in the $0.14 range. Basically, we performed a full reset from the top in 2024.
The POC should be held at $0.26 for continuous bullish construction.
target:
Conservative $1.44… pic.twitter.com/vaj3ymerq6

-Dorkchicken (@dorkchicken) July 29, 2025

Meanwhile, the acquired signal is blinking and the RSI pushes above 75. This is a classic setup for pause or pullbacks, despite still being structurally bullish.

Why SEI still trades sideways despite bullish indicators

Daily indicators shine bullishly, but catches remain in range, continuing to face rejection of SEI below $0.35.

So far, price action suggests that SEI is still very confined to integration, and the breakout story has not yet been confirmed.

Are you buying SEI now?

The long-term case of SEI is unharmed, but the short-term trade setup is more clear in 4H. If the BTC is stable, this could mark a high-reward entry.

Breakouts over $0.35 unlock the running room. Losing $0.324 will play the bottom of the range.

Exploration: Tether CEO Paolo Aldoino wants net positive from the US election, says Bitcoin’s strategic reserve is a great idea: exclusively for 99Bitcoins

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

June 23rd Bitfinex alpha | Can BTC handle global confusion?

The crypto market was shaken last week as panic sales and forced liquidation forced major exchanges, pushing Bitcoin down by more than 11.5% since May. With just a long settlement, it has surpassed $400 million for three consecutive days. This is a rare event that shows a sharp reversal of emotions. As macros rose oil prices, fear of stags, and geopolitical tensions amplified traders and decreasing pressures, what began as a promising week for BTC quickly turned into one of the worst, just as headwinds amplified traders and decreasing pressures.

Total crypto market liquidation has skyrocketed above $2.6 billion, with AltCoins like ETH and SOL winning more than 20%. But amidst the chaos, the Bitcoin Spot ETF has recorded a strong net inflow of $1.02 billion, highlighting its growing institutional conviction. This structural demand helped stabilize the price of BTC within the $94 million to $110,000 range, even if the derivatives market caused a major deletion. With the current reset to healthier levels and funding rates normalised, the path ahead depends on whether ETF inflows will continue or whether this support break indicates a deeper change in the market mood.

The Federal Reserve stabilized interest rates in June, but it showed growing concern over economic growth, sustained inflation and slowing political pressure. Powell warns that tariffs are likely to cause a “meaning” rise in consumer prices as businesses take over costs, strengthening the Fed’s cautious attitude.

In addition to inflationary pressures, the global oil market is rattling, especially around the Strait of Hormuz, a key oil route. Surges in freight costs and lower tanker activity could lead to market uncertainty and oil prices as disruption escalates. Gasoline futures have already risen sharply, tightening consumer budgets and pose challenges for central banks.

On the consumer side, retail sales fell 0.9% in May, leading to lower spending on cars, fuel and restaurants. However, core retail sales are still increasing, suggesting resilient discretionary spending. Companies anticipating tariff hikes have been building wholesale inventory since late 2024, but retail shelves remained recognized. Retailers could see a second inflation, especially as they will be replenished at higher costs over the coming months, especially ahead of the holiday season. Together, rising oil prices, pass-throughs of tariffs, and seasonal replenishment could increase inflation by fall, complicating the Fed’s path and slowing down expectations rate reductions.

Donald Trump’s 2024 financial disclosures showed more than $600 million in revenue driven primarily by crypto ventures such as $Trump Coin and World Liberty Financial. His deep involvement in crypto, real estate and global branding has sparked ethical concerns about the blurred boundaries between business and politics.

At the same time, Vietnam passed groundbreaking laws that would grant crypto assets legal status from 2026, attracting blockchain innovation and providing incentives to establish itself as a local high-tech hub. Meanwhile, Nobitex, Iran’s biggest exchange, was hit by a politically driven cyber attack that destroyed assets of up to $100 million.

]]> https://earlybirdsinvest.com/bitfinex-alpha-can-btc-handle-global-confusion/feed/ 0 43750 https://earlybirdsinvest.com/from-frustration-to-adoption-why-buying-crypto-for-the-first-time-is-still-so-hard-and-how-to-handle-it/ https://earlybirdsinvest.com/from-frustration-to-adoption-why-buying-crypto-for-the-first-time-is-still-so-hard-and-how-to-handle-it/#respond Sat, 12 Apr 2025 20:25:47 +0000 https://earlybirdsinvest.com/from-frustration-to-adoption-why-buying-crypto-for-the-first-time-is-still-so-hard-and-how-to-handle-it/

The following is a guest post from Konstantin Vasilenko, Co-Founder of Paybis.

The cryptocurrency industry has come a long way in the past decade, but let’s face it – buying crypto for the first time can feel like trying to solve a Rubik’s Cube blindfolded.

Despite all the advancements, first-time buyers often face a maze of confusing steps, technical jargon, and frustrating delays. This both discourages potential crypto enthusiasts and results in lost revenue for businesses. Let’s dive into what the ideal buying process should look like and why simplifying it is critical for adoption.

The Challenges of Buying Crypto: Kamal’s Journey

For many first-time crypto buyers, the excitement of joining the world of digital assets often turns into frustration. Let’s consider Kamal, a 25-year-old from Indonesia who’s been hearing about memecoins like Dogecoin and Shiba Inu on TikTok and in chat groups.

Intrigued by their viral success and excited about the hype around them, he sets aside some money to make his first investment. Full of enthusiasm, he’s ready to buy his first token. But instead of a smooth experience, he’s met with challenges at every turn, hitting roadblock after roadblock.

The platform’s interface is cluttered and confusing. Kamal struggles to find where to begin. Once he figures out how to sign up, the next steps remain unclear. But Kamal still intends to purchase, so he selects $PEPE in the search box – and he gets lost in what to choose, with no idea how the offers are graded and what they contain.

Like many others in such a situation, Kamal chooses the first option – he is already disoriented, and he certainly doesn’t want to choose between other options without understanding the difference.

Weirdly enough, it appears that Kamal can’t just buy the coin with the assets he has. He must buy SOL first on another platform to have it in his wallet. But how could he have known about this mechanism? No clear steps, no guidelines.

And this is just the tip of the iceberg of all the hurdles caused by poor onboarding. The KYC process requires users to upload an ID and a selfie, making them wait for hours for approval, unsure if they’ve done everything correctly. On the payment step after the approval, the preferred method might be unavailable. Frustrated, people choose an alternative, only to encounter hidden fees and an unfriendly exchange rate. And by the time our hero is ready to confirm the transaction, he’s already lost confidence. Blockchain confirmation takes longer than expected, and his memecoins don’t appear in his wallet immediately.

This experience highlights the frustrating reality of buying crypto on many platforms today. The lack of transparency, slow processes, and limited options create an exhausting journey for users like Kamal, often leading them to abandon the process altogether.

This story is not unique. Reports reveal that 50% of fiat-to-crypto transactions fail, even after users complete the KYC process. Moreover, transaction abandonment during the purchase flow can reach as high as 90% due to the complexities involved.

The fragmented and cumbersome nature of such systems amplifies user frustration, turning an exciting venture into an ordeal. The barriers to entry are real, and they’re holding back crypto’s mass adoption. For users like Kamal, these barriers often lead to abandoning the process altogether, highlighting the need for simplified, transparent solutions to encourage first-time buyers.

What an Ideal Buying Process Should Look Like

The perfect buying process eliminates unnecessary friction while maintaining security and compliance. To start, onboarding should feel as simple as signing up for a social media account. Automated tools can streamline the verification process and ensure speed without sacrificing security. Users should be guided clearly through each step, removing the confusion often associated with uploading personal documents or completing KYC procedures.

Transparency is another critical factor. Hidden fees and unexpected charges alienate users. Instead, platforms must clearly display all costs upfront, ensuring users know exactly what they’ll pay before confirming a transaction. What is essential to retaining first-time buyers, if not such a level of trust?

An ideal UX should closely resemble Web2 processes like online shopping or digital banking. A familiar interface can help reduce the intimidation factor for newcomers, making the transition into crypto smoother and more accessible.

Finally, speed is non-negotiable. Transactions should be processed in real-time, with clear progress updates throughout the journey. Delays, whether during payment or blockchain confirmations, erode trust and discourage future use.

Creating a great user experience goes beyond attractive visuals or user interface best practices. It involves meeting the specific needs and expectations of users – particularly those who aren’t early adopters and prioritizes ease of use and practical solutions.

Making Crypto Accessible: A Vision for The Future

Kamal’s story mirrors that of millions worldwide. In 2025, interest in crypto is surging, fueled by the rise of the TON ecosystem and platforms like Telegram integrating blockchain features. Yet, the complexity of buying crypto remains a major barrier. Simplifying the process is the #1 priority for crypto projects that aim to onboard the next billion users.

After the first quarter of 2025, the goal is clear: make buying crypto as effortless as sending a text. With advances in technology, platforms can create experiences that match – or exceed – Web2 convenience. Transparent fees, localized payment methods, and intuitive interfaces will be the norm rather than the exception.

The future of crypto depends on accessibility. Only by addressing today’s pain points and prioritizing user experience can we transform curiosity into action and so turn millions of hesitant newcomers into confident crypto adopters.

Mentioned in this article

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is currently trading in a tight range between short-term supply and demand, following weeks of heavy selling pressure that sent shockwaves through the broader crypto market. After losing over 29% since its January all-time high, BTC is now searching for direction. Bulls must step up and reclaim the $90,000 level to restore confidence and confirm the start of a recovery rally. Until then, uncertainty remains the dominant theme.

Adding to this cautious sentiment is the broader macroeconomic backdrop, with trade war fears and global financial instability weighing heavily on investor confidence. Volatility in equities and geopolitical tensions have spilled into the crypto space, making it harder for Bitcoin to establish a clear trend.

Top crypto analyst Ali Martinez shared a technical analysis on X, revealing that Bitcoin may have completed a classic cup-and-handle formation, topping at around $109,000. However, this doesn’t necessarily signal further downside. Instead, it highlights that Bitcoin is currently without a defined direction.

For now, Bitcoin is holding its ground, but whether the next move is a breakout or a breakdown will depend on how the market responds in the days ahead.

Bitcoin Faces A Pivotal Test After 13% Rebound

Bitcoin has quietly rallied over 13% since its March 11 low near $76,600, with bulls now setting their sights on reclaiming the $88,000 level. This recent surge has brought cautious optimism to the market, but the path ahead remains uncertain. Bitcoin is currently facing a critical technical and psychological test, as it struggles to recover from a sharp downtrend that began after its January all-time high.

Investor sentiment has been mixed. Many entered 2025 with expectations of a strong bull run, but recent price action and growing macroeconomic concerns have prompted some analysts to call for the start of a bear market. According to Martinez, Bitcoin may have already completed a classic cup-and-handle pattern, topping out around $110,000—just $5,000 shy of the expected $115,000 target. If this technical blueprint holds true, the current correction may simply be part of a broader consolidation phase.

This view aligns with the idea that Bitcoin needs to stabilize before its next major move. Bulls must defend current levels and build momentum to push past the $90,000 barrier. Until then, BTC appears to be in a holding pattern, caught between the hope for a resumed uptrend and the fear of deeper downside risk.

BTC Price Hovers At $84K As Bulls Face Critical Resistance

Bitcoin is currently trading at $84,100 after several days of tight consolidation and slow price action around this level. Market participants are closely watching this range, as it represents a key short-term battleground between bulls and bears. For any meaningful recovery to take place, bulls must reclaim the $87,300 level, which aligns with both the 4-hour 200-day moving average (MA) and the 4-hour 200-day exponential moving average (EMA).

A decisive move above these indicators would likely spark a renewed push toward the $90,000 level, a psychological and technical barrier that could confirm the beginning of a short-term bullish trend. However, failure to reclaim $87,300 and maintain strength above $84,000 could tip the balance in favor of the bears.

If BTC loses the $84,000 support, the next likely target sits below $81,000, where lower demand zones could come into play. This would reinforce the ongoing uncertainty in the market and raise the risk of a deeper correction. As traders await direction, all eyes are on BTC’s ability to reclaim momentum and flip resistance into support. The next few sessions could be pivotal for Bitcoin’s short-term price structure.

Featured image from Dall-E, chart from TradingView 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Bitcoin’s price action has been trapped in a tight range between $84,000 and $82,000 in recent days, with bulls struggling to push upwards. The general market sentiment is one of a cautious nature, and hopes of a quick return above $90,000 are starting to fade. However, a new technical analysis suggests that Bitcoin could be on the verge of a significant rally, as price action shows the cryptocurrency is currently conforming to the cup-and-handle pattern.

Cup And Handle Support Could Cause A Major Bitcoin Rally

Recent Bitcoin price movements have drawn attention back to a key technical structure of the handle support of a cup-and-handle pattern, suggesting that a bullish setup may be quietly taking shape. This interesting Bitcoin price activity was relayed in a technical analysis by a crypto analyst on the TradingView platform. 

Related Reading

The cup-and-handle pattern in question has been forming over multiple years, with the rounded bottom phase stretching from 2021 to mid-2024. This prolonged accumulation period saw Bitcoin gradually recover from the bearish market cycle before breaking above its neckline resistance. The breakout started the handle formation in the latter half of 2024, a consolidation phase that set the stage for BTC’s next leg up. By November 2024, Bitcoin completed this handle phase and went on an impressive rally that ultimately resulted in a new all-time high of $108,786 in January 2025.

However, the recent 24% correction from this all-time high has seen the Bitcoin price returning to the neckine resistance of the cup-and-handle formation. The logical next step is for this neckline resistance to serve as support for the price correction and we could see Bitcoin rebound from here. In terms of a price prediction, Elliott wave analysis and projections put the price target above $130,000, particularly at $139,000.

Elliott Wave Analysis Suggests A Surge Toward $130,000

According to the Elliot Waves technical framework, Bitcoin is currently in a larger fifth impulse wave formation. However, this fifth wave, which is generally bullish, has been punctuated by corrective ABC sub-waves, leading Bitcoin to retest the support of the cup-and-handle formation. Now that the support has been met, Bitcoin is in a position to bounce and continue the formation of its fifth impulse wave. This is expected to bring it to the price target above $130,000.

Related Reading

The alignment of the cup-and-handle formation with Elliott wave projections strengthens the case for a major breakout in the coming months. However, Bitcoin’s fundamentals reflect uncertainty in the short term. There is currently a lack of bullish momentum needed to rechallenge the $90,000 mark, which would be the first step needed to reach $130,000. Steady institutional outflows from Spot Bitcoin ETFs have further increased selling pressure, limiting Bitcoin’s ability to regain strength in the short term.

At the time of writing, Bitcoin is trading at $83,500.

Featured image from Unsplash, chart from Tradingview.com

Bitcoin’s Bullish Chart Pattern Hints At Major Price Surge

In an X post on March 14, Egrag Crypto states the BTC market may be preparing for a major price breakout. According to the technical analysis shared by the trading expert, Bitcoin has formed a Cup and Handle pattern hinting a major bullish move is on the horizon.

For context, the Cup and Handle pattern represents a textbook bullish formation that occurs when an asset experiences a rounded bottom i.e. the cup followed by a slight pullback i.e. the handle before a breakout to new highs. This is well illustrated in the weekly chart below following BTC’s price action in the past two years.

According to Egrag Crypto, the premier cryptocurrency is on the verge of a breakout with multiple potential price targets in sight. The non-logarithmic target presents a conservative possible price peak of $113,000. Meanwhile, the logarithmic scale which accounts for historical exponential gains points to a price target of $260,000.

Taking an average of both methods, Egrag Crypto has picked a personal target of $186,000. The analyst also favors a potential price peak at $175,000 as indicated by the Fibonacci extension level of 1.618 which has historically acted as a reliable cycle top indicator. However, while this analysis presents a robust bullish prediction, Bitcoin must first experience a pullback to around $65,000 to initiate this price surge.

Bitcoin Network Fees Drop By 24%

In other news, IntoThe Block reports that Bitcoin network fees have decreased by 24.4% reaching $2.5 million which was last reported in September 2024. The analytics firm notes that this decline has occurred despite significant market changes which saw Bitcoin slip to $77,000 before rising to reclaim the $85,000 price level.

Amidst Bitcoin’s larger struggles, IntoTheBlock also reports that exchange inflows grew by $840 million suggesting a weakening market confidence as investors move to sell their assets.

At press time, the crypto market leader is valued at $84,545 reflecting a 3.12% gain in the past day. However, reported losses of 1.76% and 13.11% in the past seven and 30 days indicate a dominant bearish influence in recent weeks.