According to Benjamin Cowen, the price of Ethereum (ETH), the leading alternative cryptocurrency, could pull back to the 21-week EMA, which is currently below $3,500.

However, the cryptocurrency would then be able to resume its rally following a short-term retracement. 

The analyst, who boasts more than a million followers on the X social media platform, claims that such a pattern has been playing out since April. Cowen is convinced that the same thing will happen this time around. 

ETH’s bullish momentum fades

As reported by U.Today, Ethereum was on track to record its best Q3 to date, outperforming “DeFi summer” from 2020. 

However, its massive rally has now stalled, with the token currently changing hands just below the $4,400 mark. 

Notably, Cowen does not rule out that ETH could see a fake push toward $4,900. If it does happen, he expects such a bull trap to occur as early as this week. 

You Might Also Like

Whale buys $1 billion worth of ETH

Meanwhile, a whale recently purchased a whopping $1 billion worth of the leading cryptocurrency. This whale has now purchased and staked a whopping $3.5 billion worth of ETH in virtually no time. 

Significant spot ETF inflows

Even though a significant correction seems to be possible based on the chart shared by Cowen, robust spot Ethereum (ETH) inflows might throw a spanner in the works for the bulls. 

Last week, these products added a total of 286,000 tokens, according to Glassnode data. 

Michael Saylor, a vocal Bitcoin evangelist and executive chairman of the Strategy BTC giant, has taken to his official social media account to convey another important message to the global crypto community.

His tweet hints at his firm, ultra-bullish belief in the long-term potential of Bitcoin and could even hint at an upcoming price surge. It is obvious that Saylor is looking forward to a new all-time high of this digital commodity.

You Might Also Like

Saylor’s “Beyond the Horizon” prediction

As usual, Michael Saylor has posted an AI-made image of himself. This time, he looks like a pioneer who came to America and is now driving his cart with horses to the horizon in search of a better life, land for farming, cattle, etc.

The caption states exactly this: “Beyond the Horizon”, where the B is depicted with four vertical strokes, symbolizing Bitcoin. Sort of like the $ sign for the US dollar.

A hint at a new ATH coming?

The world’s bellwether crypto, Bitcoin, has seen several all-time price highs this year already. The first one took place on January 20, the day of Donald Trump’s inauguration. Then was an ATH in March, June, etc. The most recent one was marked at $124,457 on August 14.

Currently, Bitcoin is changing hands at $112,247 – almost 10% from the recent historic price peak.

The ATHs were reached despite the Federal Reserve chairman, Jerome Powell, refusing to slash the interest rates for fear of inflation growing strong again. However, this month the CPI came out below expectations and many began to anticipate that in September, the Fed Reserve would finally do that interest rate cut many are looking forward to.

Still, Saylor’s Bitcoin treasury firm, Strategy, has been accumulating BTC regardless of the price – both on dips and highs. This week, on Monday, Saylor announced another acquisition as Strategy added 430 Bitcoins worth $51 million to its stash. Now, the company holds a total of 629,376 BTC valued at $70,625,239,027.

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target.  

Bitcoin Parabolic Phase Still Ahead

Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold.  

Related Reading

The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction. 

Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase.  

While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top. 

During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge.

Analyst Predicts $155,000 As Bitcoin’s Next Stop 

In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence.

Related Reading

XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way. 

Featured image from Pixabay, chart from Tradingview.com

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

A crypto analyst who previously forecasted a massive 600% XRP price surge in 2024 is once again drawing attention with a new technical analysis of the cryptocurrency. This time, the market expert says that XRP is getting ready for its next parabolic leg up. 

XRP Price Setup Signals Violent Upswing

The latest XRP price analysis by market expert Crypto Michael indicates that the top altcoin has just concluded a significant period of consolidation and could be poised for an extremely explosive upward move. In his X post, the analyst shared a supporting chart, capturing XRP’s price action from 2017 to 2026, based on a long-term quarterly candlestick view. 

Over these years, XRP formed a large symmetrical triangle through a convergence of trendlines, illustrating a prolonged phase of price compression and market indecision. This chart pattern, extending from a peak in 2018 through to mid-2024, culminated in a decisive breakout in 2025. 

With Crypto Michael now considering XRP’s prolonged consolidation complete, technical indicators show a shift into a buildup phase ahead of the next major leg up. The analysis also highlights that this consolidation was necessary to accumulate buying pressure and position XRP for a shift out of its downtrend.

Moving forward, the XRP price chart shows that the analyst expects a breakout from the symmetrical triangle soon. Once the cryptocurrency crosses the upper boundary of the triangle, a sustained move above key resistance levels could serve as a strong bullish signal.

While the analyst has not explicitly outlined the exact target for his optimistic projection, the trajectory of his chart highlights that the XRP price, currently sitting at $2.22, is set to move upward. 

Analyst Sets Next XRP ATH Target Above $80

In other news, crypto analyst CW has dropped another incredibly bold forecast for the XRP price. The market expert presented a compelling multi-cycle chart, suggesting that XRP is in the final stages of a long-term consolidation and is now gathering momentum for a massive breakout. 

According to CW’s chart analysis, XRP has been in a six-month accumulation period, similar to patterns seen in previous markets. This steady accumulation phase appears to be forming a converging triangle, which historically is a precursor to major upward moves.

Now at the cusp of a breakout, especially after testing the previous ATH region, the analyst suggests that XRP is finally stabilizing, interpreting this calm as a steady energy build-up for the next surge. If historical patterns hold, a surge beyond ATH prices could ignite a vertical rally.

The chart identifies the first target at the previous ATH level above $3.8, followed by a second target around $21.5. The final target, representing phase 5 of the analysis, points to a parabolic surge beyond $80.

Featured image from Pexels, 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.

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!”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

A widely followed analyst and trader who accurately predicted the Bitcoin (BTC) bottom in 2018 is highlighting one crypto asset that could go up by triple-digit percentage points.

The trader pseudonymously known as Bluntz tells his 321,100 followers on the social media platform X that dogwifhat (WIF), a memecoin built in the Solana (SOL) ecosystem, could go up by about 472% to reclaim and surpass the all-time high recorded in March of 2024.

“Still a lot of work to put in and need to see price action confirm, but I think there’s a very real chance a new impulse back to all-time high on WIF has commenced.”

According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, WIF started a bullish uptrend earlier this month in a five-wave pattern. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on Bluntz’s chart on the three-day time frame, WIF bottomed out earlier this year.

Over the short term, the pseudonymous analyst says WIF could undergo a correction before rallying. Based on the widely followed analyst’s chart of the one-hour time frame, WIF could pull back by around 10% from the current level.

“Very obvious five-wave rise from the lows on hourly for WIF, would expect a bit of a pullback here before the next major leg up.”

WIF is trading at $0.845 at time of writing.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

A new XRP price forecast has emerged, offering insights into the cryptocurrency’s next bearish move. A crypto analyst who previously predicted XRP‘s crash below $2 has provided a more comprehensive outlook, outlining key support and resistance areas that will determine XRP’s next target. 

According to TradingView crypto analyst, ‘MMBTrader,’ the XRP price is set to dump below the $2 threshold. As of writing, CoinMarketCap reports that XRP is trading at $2.2, reflecting a modest 3% increase in value in the last 24 hours. 

XRP Price Projected To Crash To $1.5

Related Reading

The TradingView crypto expert has identified a Head and Shoulder pattern on the XRP daily chart, consisting of three peaks: left shoulder, head, and right shoulder. Typically, a classic Head and Shoulder pattern is considered one of the most common indicators of a potential price breakdown, with the price of a cryptocurrency expected to reverse from bullish to bearish. 

Looking at the price chart, a break below the pattern’s neckline around the $1.95 price point would confirm XRP’s bearish position. If the cryptocurrency fails to hold the $1.95 support level, a sharp drop, possibly up to 50%, is expected. This massive crash would effectively place the price around the $1.5 level or even as low as $1.2.

While he expects a possible crash to $1.5, MMBTrader also projects an alternative bullish scenario in which the XRP price initiates a strong rebound. The analyst revealed that if the cryptocurrency consolidates near $2 without breaking lower, then a bounce to new highs could follow.

Additionally, the TradingView expert believes that the asset could also experience a significant rally toward $5 after its projected 50% price crash. He highlights that if XRP can hold the support level near $1.5, then a strong reversal could occur, potentially triggering a bullish move between $4 and $4.5.

Whales Scoop Up $385 Million Amid Market Downtrend

While XRP experiences slow momentum due to the market’s recent decline, whales are seizing the opportunity to buy the dip, accumulating a significant amount of the token. According to crypto analyst Brett, an XRP whale has executed a large-scale transaction, buying over 167 million XRP, valued at $368.4 million, in a single purchase.

Related Reading

Brett revealed that this whale purchase was made as the market panicked over increasing volatility and price declines. Over the past few weeks, XRP has struggled to recover from bearish trends, joining the ranks of top cryptocurrencies like Bitcoin and Ethereum, which recorded a major price crash earlier in February.

CoinMarketCap’s data shows that the the altcoin’s price has fallen by 11.6% in just one week. This decline comes as the broader crypto market faces massive liquidations totaling hundreds of millions of dollars.

Featured image from Adobe Stock, chart from Tradingview.com

A trader and analyst who accurately predicted the crypto bottom in November of 2022 is leaning bullish on Bitcoin (BTC) but with a caveat.

In a new video, the trader pseudonymously known as DonAlt tells 65,900 subscribers of the TechnicalRoundup YouTube channel that he has not changed his bullish bias on Bitcoin and is still “expecting higher” prices for the flagship crypto asset.

“Trend still strong though…

[On the weekly time frame] last week, [Bitcoin] wiped below the range and then closed all the way back in it. This is bullish – like that’s a really good close.

And then we had this week, we had another wipeout. And so far, that’s kind of been reclaimed as well. So, if this weekly close is above $90,000, I’m going to assume the range is still intact. And given we tested the bottom of the range, wiped out everyone below it, that would be like a bullish setup.”

According to DonAlt, Bitcoin will go much higher if it rallies above the range high of $104,000.

The pseudonymous analyst, however, says that Bitcoin appears bearish on the daily and monthly time frame.

“Monthly [chart] is not that great…

And daily [chart] is really, really interesting here because technically speaking, there’s an excellent short setup here. So basically, you would take a short here [around $90,000], your stops up here [around $95,000]. And then you target like new lows. Like either this [around $78,000] or even like all the way back to $70,000. Like that’s a really good short setup.”

Bitcoin is trading at $87,508 at time of writing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Crypto analyst Bithereum, who predicted the Dogecoin price crash below the $0.2 level, has revealed the rest of his forecast for the foremost meme coin. Based on this, DOGE could soon witness a bullish reversal and rally to its local high of $0.45. 

What Next For The Dogecoin Price

In a TradingView post, Bithereum revealed that the Dogecoin price was moving inside a falling wedge and could test the support level of $0.20197 and the ultimate support zone. This eventually happened with Dogecoin dropping to as low as $0.2 following the recent market crash. 

The crypto analyst further suggested that the Dogecoin price could rebound to $0.2 following the crash. He advised market participants to set their buy orders at this level and revealed that the targets for a potential rebound are $0.30998, $0.37154, and $0.45918. His accompanying chart showed that a rebound to as high as $0.45918 could happen between now and March. 

Indeed, this Dogecoin price rebound could be imminent, especially with crypto analysts like Kevin Capital suggesting that the Bitcoin price could soon rebound. Given the strong price correlation between both coins, DOGE would likely reverse to the upside as the Bitcoin price rebounds.

A Dogecoin price rally to the local high of $0.45 is significant as it could pave the way for a further rally to DOGE’s current all-time high (ATH) of $0.7. Crypto analyst Basic Trading also recently predicted that Dogecoin could reach as high as $5 if it successfully reclaims the $0.5 price level. He made this prediction based on his belief that the foremost meme coin could replicate its previous bull cycle performances in this market cycle.  

More Reasons Why DOGE Could Rebound From This Level

In an X post, crypto analyst Trader Tardigrade revealed that DOGE’s 100 Exponential Moving Average (EMA) is supporting the Dogecoin price well. The analyst highlighted similarities between the current price action and last year’s, around this same period. His accompanying chart suggested that Dogecoin could rebound like it did in 2024. This time, he predicts that the foremost meme coin could rally to as high as $1.7 as it records a bullish reversal. 

Meanwhile, crypto analyst Master Kenobi noted that the Dogecoin price is at a critical trend line that has consistently provided support over the past year. This trend line also acted as the launchpad for the rally that started precisely one year ago. The crypto analyst added that DOGE’s Relative Strength Index (RSI) is at its lowest point since March 2023. In line with this, he remarked that there are plenty of reasons to anticipate a strong reversal. 

At the time of writing, the DOGE price is trading at around $0.21, up in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com