Market expert Mark Moss has drawn the crypto community’s attention to an indicator that has perfectly nailed Bitcoin cycle tops. Based on this indicator, the expert revealed that the cycle top is unlikely to happen this year, as other analysts may have predicted. 

Pi Cycle Top Indicator Reveals Next Bitcoin Cycle Top

In an X post, Moss stated that the indicator is predicting a Bitcoin cycle top in the first quarter of 2027, not at the end of this year. He made this comment while describing the Pi Cycle Top indicator as the “Holy Grail” of Bitcoin indicators. The expert noted that the indicator nailed the Bitcoin cycle tops in 2013, 2017, and 2021. 

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Moss admitted that this latest cycle top prediction is hard to believe, as everyone is expecting Bitcoin to peak in the fourth quarter of this year. However, the Pi Cycle Top indicator suggests that the Bitcoin cycle top will occur in Q1 2027 and that the BTC price could reach $395,000 by then. 

Crypto analyst Rekt Capital also recently alluded to the Pi Cycle Top indicator, noting how it was hinting at a possible cycle extension. He also confirmed that the indicator predicts a Bitcoin cycle top will occur in Q1 2027, with the flagship crypto possibly reaching $400,000. The analyst noted that, based on previous cycles, the Bitcoin cycle top is expected to happen in the fourth quarter of this year. 

However, the recent BTC rallies have caused the Moving Averages (MA) to shift to higher prices. With these MAs shifting with every Bitcoin rally, Rekt Capital stated that it could take at least until mid-early 2026 before a Pi Cycle Top crossover occurs. However, the analyst advised that it is still important to be cautious about Q4 of this year and possibly develop an exit strategy in case the Bitcoin cycle peaks then. 

The BTC 4-Year Cycle Is Over

In a recent podcast, Bloomberg analyst James Seyffart and Bitwise Chief Investment Officer (CIO) Matt Hougan gave their opinions on whether the 4-year Bitcoin cycle is over. Seyffart stated that he expects the amplitude of these cycles to reduce as more institutional investors enter the BTC ecosystem. 

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Based on his statement, a Bitcoin cycle top might not happen as many expect, as the analyst predicts there won’t be massive drawdowns again with the flagship crypto maturing. On the other hand, the Bitwise CIO opined that the 4-year cycle for BTC is over. 

He explained that the factors that drove this four-year cycle are now watered down. Meanwhile, there is a growing inflow into Bitcoin, which would continue to drive demand. In line with this, Hougan declared that 2026 will be an up year for Bitcoin. 

At the time of writing, the Bitcoin price is trading at around $119,000, down in the last 24 hours, according to data from CoinMarketCap.

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Bitcoin is facing a pivotal moment as it hovers just below the $123,000 all-time high. While bulls remain in control, price action has stalled beneath this key resistance, exposing a lack of decisive momentum. After a strong 20% rally since late June, the market now waits for a breakout confirmation to extend the uptrend.

Sentiment remains overwhelmingly bullish, driven by increased adoption, legal clarity in the US, and favorable macroeconomic developments. However, recent on-chain and exchange data show a noticeable decline in spot buying pressure. This divergence between sentiment and real demand suggests that bulls may be hesitating to enter at current levels, possibly due to expectations of a correction or profit-taking near the highs.

The price structure remains bullish as long as BTC holds above the $115K support zone, but the inability to break $123K raises concerns about a possible short-term reversal or continued sideways action. For now, Bitcoin’s trend remains intact, but a clear surge in volume and buying activity will be required to reclaim new highs and maintain bullish momentum.

Bitcoin Sentiment Stays Bullish, But Buying Pressure Fades

Top crypto analyst Axel Adler recently shared an update on the Bitcoin Advanced Sentiment Index, offering key insights into the current market psychology. According to Adler, the index currently reads 64%, signaling that sentiment remains solidly bullish. However, he noted a critical caveat: while the market leans toward buying, bulls appear to lack the aggression needed to push Bitcoin decisively above its all-time high of $123,000.

This hesitation is consistent with what’s unfolding in the charts. After a sharp rally of over 20% since late June, Bitcoin is now consolidating in a tight range between $115K and $120K. While this structure suggests strength, the lack of follow-through buying at higher levels reflects caution among investors. It appears that market participants are waiting for a clear catalyst before positioning more aggressively.

The current compression in price action could precede a large move, as periods of low volatility at elevated levels often do. Traders should prepare for a breakout in either direction. While the overall trend and sentiment favor upside continuation, the possibility of a correction remains in play, particularly if sentiment begins to fade or macro conditions shift unexpectedly.

BTC Consolidates Near All-Time Highs

The daily chart shows Bitcoin consolidating just below its all-time high of $123,000, trading at $118,636 at the time of writing. The recent price action suggests strong bullish control, but the lack of a decisive breakout above the $122,077 resistance has introduced short-term uncertainty. The structure remains clearly bullish, with BTC forming higher highs and higher lows since the rebound from the March lows near $97,000.

Notably, Bitcoin is holding well above the 50-day ($109,225), 100-day ($103,913), and 200-day ($97,949) moving averages. These levels now serve as layered support, reinforcing the long-term bullish trend. The ongoing consolidation above $115,724 suggests that bulls are defending this zone with conviction.

However, volume has not followed through as strongly during this consolidation phase, a sign that some market participants are waiting for confirmation before committing new capital. If BTC breaks above $122,077 with strong volume, it could trigger a breakout and price discovery toward higher levels. On the flip side, a break below $115,724 could lead to a deeper retracement toward the 50-day MA.

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As the price inches closer to its all-time high, on-chain data is starting to paint a picture of solid transactional support behind the price movement. In particular, analysts have begun highlighting a divergence between Bitcoin’s market value and its underlying network activity.

One such observation comes from CryptoQuant analyst Sunflowr Quant, who shared insights in a recent QuickTake post examining the unusual behavior of the NVT Golden Cross indicator.

This metric, typically expected to rise in tandem with price due to its function as a ratio between market cap and transaction volume, is currently declining, which Sunflowr attributes to a significant uptick in on-chain activity.

Bitcoin On-Chain Growth Suggests Underlying Network Strength

According to Sunflowr, this inverse correlation between the rising BTC price and falling NVT Golden Cross may indicate that the current rally is driven more by actual usage and real transactions on the Bitcoin network rather than speculative trading.

“A decline in the NVT ratio during a price increase implies that the transaction volume is rising at a faster pace than the market cap,” he wrote. “This can be interpreted as a sign that the rally is supported by real economic activity.”

This observation aligns with the broader sentiment that healthy on-chain growth can serve as a foundation for more sustainable price increases. If transaction volumes are growing organically and not solely from derivatives speculation, it suggests that user adoption and financial utility are contributing to the price strength.

Investors closely watching these indicators may find this a favorable environment, though caution remains as other metrics hint at evolving market dynamics.

Holder Rotation Signals Potential Shift in Market Participation

A separate analysis from CryptoQuant analyst IT Tech sheds light on another dimension of Bitcoin’s current market structure: holder behavior.

In a post titled “Holder Rotation,” IT Tech notes that long-term holders, those who have held BTC for more than 155 days, have recently begun net distribution, meaning they’re selling more than accumulating.

Conversely, short-term holders are showing net accumulation behavior once again, a dynamic often seen in late-stage rallies. This shift between long-term and short-term holders has historically served as a warning signal.

Similar handoffs were observed in April 2021 and November 2023, both of which preceded local tops or cooling phases. While this doesn’t necessarily confirm a reversal, it highlights the need to monitor supporting metrics such as exchange inflows and funding rates.

“It’s a classic profit-taking pattern from seasoned wallets, while newer market participants may be entering due to rising prices,” IT Tech wrote.

Featured image created with DALL-E, Chart from TradingView

Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu price, predicting a potential rally of 180%. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally, reclaiming the psychological $0.00002 level in the process. 

Shiba Inu Price Eyes 180% Rally As MACD Forms Bullish Divergence

In an X post, Javon Marks stated that the Shiba Inu price has formed a clear Bullish Divergence with its Moving Average Convergence Divergence (MACD). He further remarked that this points to a nearly 180% upside for SHIB to rally to $0.000032. Marks added that this may only be the start of a much larger positive reversal for the meme coin. 

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His accompanying chart showed that the Shiba Inu price could hit this target between now and year-end. This provides a bullish outlook for the meme coin, which has greatly underperformed this year. SHIB has recorded a 45% loss year-to-date (YTD). Meanwhile, the coin is also down over 8% in the last 30 days. 

This represents a change of fortune for the meme coin, which recorded a gain of around 150% in 2024. However, based on Javon Marks’ analysis, the Shiba Inu price could still end this year in the green if it records this projected 180% rally. SHIB could also reclaim one of the top 10 spots in the ranking of cryptocurrencies by market cap. 

Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu price. In an X post, a SHIB community member revealed that the meme coin has just shattered another record. Over 1.5 million on-chain wallets now hold the meme coin, with the number still rising. 

However, the SHIB burns will need to pick up as they remain unstable. Shibburn data shows that the daily burns have crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The burn rate is also down around 11% in the last seven days, with 48 million SHIB burned during this period. 

SHIB Can Rally As Much As 600%

Javon Marks is still confident that the Shiba Inu price can rally as much as 600% in the long term. He recently stated that the $0.000081 target for SHIB remains unchanged and that sights are still on an over 609% uphill run to reach it in response to a massive holding breakout of the displayed resisting trend. 

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The analyst remarked that due to the post-breakout action, he sees this target being broken above, bringing $0.0001553 in play. Marks, however, failed to provide a specific timeline for when this 600% Shiba Inu price rally could occur. 

At the time of writing, the Shiba Inu price is trading at around $0.00001181, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com

Crypto trader and analyst Ali Martinez is warning that Bitcoin (BTC) could undergo a significant correction amid a bearish signal from a reliable indicator.

Martinez tells his 139,100 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is suggesting that Bitcoin could fall by over 63% from the current level.

The TD sequential indicator is a technical analysis tool used to determine potential trend and price reversal points.

“This one indicator has predicted every major Bitcoin crash and it just flashed again. The Tom DeMark Sequential just gave a quarterly sell signal. This is a rare warning that has historically preceded brutal drawdowns.

Back in 2015, the same signal appeared and Bitcoin dropped 75% after. Then in 2018, same setup, same outcome – Bitcoin plunged over 85%.

Now it is flashing again. If this plays out like before, Bitcoin could drop below $40,000.”

Bitcoin is trading at $107,850 at time of writing.

Citing data from the blockchain analytics platform IntoTheBlock, Martinez says that between May 22nd and June 29th, the number of Bitcoin transactions valued at more than $100,000 has fallen from 30,840 to 16,860, a drop of around 45%.

The crypto trader and analyst also cites data from crypto analytics firm CryptoQuant suggesting that buyer interest for Bitcoin over 30 days has plummeted by 36,988 BTC.

“Apparent demand for Bitcoin has dropped to -37,000 BTC, signaling a sharp decline in buying interest!”

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According to market engineer Canton Meow (@cantonmeow), a single metric (a simple moving average of 20 months) should be a line that can separate another vertical rally from the catastrophic breakdown of Dogecoin. Currently, Doge sits comfortably above its moving average, and is currently plotted at $0.1751. The black curves on the cat chart show only three clean retests of the 20-month SMA since 2014.

We’re all looking at Dogecoin’s 20-month SMA

It was originally made in March 2017 when the price tapped the average nearly $0.00020, then tore over 9,000% to its peak in January 2018. The second occurs in the winter of 2020, with prices being about a quarter of the cents before 34,500% of the following May before it reaches $0.73. The third and current encounter began last August when Doge recovered more than 480%.

As of today, two consecutive monthly candles were soaked in a zone of less than 20 cents, but both were actively purchased, leaving a higher core, maintaining an average upward gradient. Cantonese cats claim that “we’ll be higher” as long as its moving average remains intact. The decisive monthly end, under $0.175, could risk the entire structure with this read and mark the arrival of a kind of months-long downtrend following the climaxes of 2018 and 2021.

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Total2 must occur

Analyst Kevin (@kev_capital_ta) overlays the microview with a much wider canvas. His chart tracks the total Crypto Markes Capitalization Ex-Bitcoin (TradingView Ticker “Total2”) with two bold yellow trend lines, with monthly candles, with the seven-year ascent channels that top railways fought off prices at the Alt-Season Tops in January 2017 and November 2021. Since its low in June 2022, the market has carved out a rising triangle. A series of rising highs pushes flat-top supply zones between around $1.43 trillion and $1.7 trillion.

The vertex of the triangle is approaching. The Aggregate Alt-Cap is already worth around $1.2 trillion. Between the current print and the confirmed breakout, it is nearly monthly on top of its yellow rectangle. Kevin’s projection measures the height of the pattern, adds it to the breakout level, dropping vertical markers that intersect with the near $5.89 trillion mid-channel.

Kevin’s first Fibonacci expansion target is 1.618 for $4.06 trillion. The higher extensions of 1.886, 2.0 and 2.618 are clusters of around $4.57 trillion, 5.89 trillion and 6.9 trillion respectively, which are almost exactly the last of which match the ceiling of the channel, surrounded by the ultimate in reverse objective for the analyst.

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Why is it important to Dogecoin? Meme-Coin’s two explosive cycles only began after Total2 broke its own pre-cycle highs and money was poured into non-Bitcoin assets. Kevin says, “Altcoins are just hooking the surface of what is possible in the coming months.” This is provided that macrofluidity and regulatory factors allow capital reversal from Bitcoin to the wider market.

In that scenario, Doge’s 20-month SMA is likely to continue to tilt higher, setting a stage of explosive movement. Conversely, the triangle failure of the Alt-Cap makes it much more possible to sustained losses of SMA and robs its historic launch pad Doge.

For now, the indicator is retained. And there is a prospect that it could potentially lead Dogecoin to be primed for another upside down match, even more intense. But as both analysts warn, the end of each month tells the story: 20-month SMA and Alt-Cap breakout, return to hibernation.

At the time of pressing, Doge traded for $0.189.

Featured images created with dall.e, charts on tradingview.com

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.

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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.

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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.

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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.

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Bitcoin is currently trading 7% below its all-time high of $112,000, facing increased selling pressure as the entire crypto market cools down. While some analysts believe further downside could follow, others point to shifting global dynamics that may soon favor Bitcoin. Rising US bond yields and persistent geopolitical tensions are reshaping risk sentiment across financial markets, potentially positioning BTC as a hedge in uncertain times.

One key signal comes from whale activity. According to new data from Alphractal, the Whale vs. Retail Ratio has started rising again, suggesting large investors are taking on more risk while retail participants remain cautious. Historically, rising whale appetite has preceded major price rallies, as institutional players tend to act early during periods of uncertainty. This divergence between whales and retail traders may hint at an accumulation phase playing out beneath the surface, despite the current price pullback.

The coming days will be critical. If Bitcoin holds above key support levels, the presence of strong hands could support a reversal or consolidation before another attempt at price discovery. For now, whale conviction is rising — and that could prove pivotal if sentiment shifts bullish again.

Whale Activity Rises Amid Systemic Uncertainty

Bitcoin continues to trade above the crucial $100,000 level, even as global markets remain rattled by systemic risk, rising inflation, and deteriorating macroeconomic indicators. While equities and commodities reflect increasing volatility, Bitcoin appears to be entering a phase of resilience, often seen when investors search for alternatives in times of uncertainty.

Inflation remains persistent across developed economies, and bond yields continue to rise, placing pressure on traditional markets. Amid this backdrop, Bitcoin’s positioning as a hedge against monetary instability is gaining renewed attention. However, sentiment across the crypto market remains split, with many retail traders taking a cautious stance as volatility increases.

According to fresh data from Alphractal, a notable divergence is forming between whale and retail behavior. The Whale vs. Retail Ratio, which measures the positioning of large investors compared to smaller ones, has started to climb. This signals that whales are going long once again, while retail participants remain risk-averse.

Historically, spikes in this ratio have preceded major price rallies, as whales often accumulate ahead of broader market shifts. “Risk appetite is back,” Alphractal notes — a potentially bullish signal amid current bearish sentiment.

This quiet accumulation from large players could lay the foundation for a strong move if macro conditions align and BTC holds key support. As the market looks for direction, whale confidence could be the catalyst that tips the scale.

Bitcoin Consolidates Above Key Support Level

Bitcoin (BTC) continues to consolidate just above the crucial $103,600 support level, after briefly dipping below this line during recent market volatility. The daily chart shows BTC currently trading at $104,341, forming a potential higher low structure that could support a recovery if demand sustains.

Price action remains squeezed between the 34-day exponential moving average (EMA) at $103,256 and overhead resistance at $109,300, which marks the most recent local top. Holding above the 50-day simple moving average (SMA), currently at $101,026, is crucial for preserving the broader uptrend.

Volume has decreased slightly, suggesting a cooldown in momentum following the sharp 5% pullback earlier in the week. This low-volume environment could open the door for larger players to accumulate before another breakout attempt. The market is now waiting to see if bulls can push BTC back toward the $108,000-$109,000 resistance zone to test for a possible retake of the all-time high.

A breakdown below $103,600 would signal weakness and likely drive BTC toward the 100-day SMA near $92,600. For now, Bitcoin is holding strong, but any major macro developments or shifts in sentiment will determine whether the current consolidation becomes a launchpad or a reversal.

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Simon Chandler

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Simon Chandler

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Last updated: 

June 5, 2025

The Solana price has dipped by 3% today, with its move to $148.41 coming as the crypto market falls by 4% in the past 24 hours.

The market has reacted badly to yesterday’s very public feud between US President Donald Trump and former backer Elon Musk, with the war of words between the pair sending the US stock market down and, by extension, the crypto market.

This means that SOL is now down by 9% in a week and by 20% in the past fortnight, with the alt also suffering a disappointing 14% drop in the past year.

And to make matters worse, data from glassnode reveals that yesterday witnessed a big spike in terms of coin days destroyed for Solana, meaning that whales dumped large quantities of long-held SOL.

Solana Price Prediction: Spike in “Coin Days Destroyed” Indicator Hints at Whale Exit – Is $100 the Next Stop?

Posting on X, glassnode revealed that June 3 saw the third-biggest total for coin days destroyed for SOL in the year to date, at 3.55 billion SOL.

What this means is that investors who had held their SOL for a long time finally capitulated and dumped their tokens on the market, a bad sign as far as faith in the Solana price goes.

Significantly, the other big spikes in coin days spent preceded falls in the Solana price, as a whales presumably drove market sentiment downwards.

As such, SOL may have a difficult weekend ahead, with its chart today reinforcing the negative picture.

Most alarmingly, its 30-day average (orange) has just dropped below the 200-day (blue), forming a death cross that usually heralds incoming dumps.

We also see its RSI (purple) dropping almost to 30 today, another sign of strong selling pressure.

Having had a good few weeks between the second half of April and second half of May, it now seems that the Solana price could be in for a rough ride in the near term.

It will be interesting to see whether it can avoid falling below the $145 support level, since if it avoids such a drop it may rebound quickly.

If not, it could fall to $140 or $130 before correcting upwards, although its longer term prognosis is much better.

Given that Solana is not only the second-biggest layer-one network, but is also looking forward to a couple of big upgrades (e.g. Firedancer and Alpenglow), it could have a strong end to the summer.

It could reach $250 by September, while the possibility of Solana ETF approvals could send it to £350 or higher by the end of the year.

New Solana-Based Tokens with Big Potential

Because Solana may be something of a slow burner this year, traders may want to diversify into newer tokens, in order to increase their exposure to potential market-beating rallies.

This means that they should investigate new coins, including presale tokens that will be listing on exchanges in the coming weeks.

A very good example of such a coin is Snorter (SNORT), a Solana-based meme token that has now raised over $450,000 in its recently begun sale.

Snorter is much more than a meme coin, however, with the project also launching a trading bot once its sale ends.

Its trading bot boasts numerous features which distinguish it from its competitors, including automated sniping (so that users can make profitable trades early), copy trading, atomic swaps, MEV protection, and rugpull protection.

Its native token, SNORT, will have a max supply of 500 million tokens, with 10% of this available to the presale.

Holders will be able to stake the token for a passive income, while they will also need it to access the Snorter trading bot and its various features.

It could therefore become hugely popular, with investors able to join its sale now by going to the Snorter website.

SNORT is selling at $0.0943, although this will rise regularly until the sale ends, at which point the coin will list and potentially surge.