Connect with us
  • tg

Cryptocurrency

Bitcoin at the Brink: Double Top or $150K Moonshot, What’s Next?

letizo News

Published

on

Bitcoin is currently trading around $105,500, up a modest 1.1% in 24 hours, after a volatile week that saw prices swing between $100,400 and $106,500.

While short-term price action appears calm, with the king cryptocurrency locked in a narrow 24-hour range of $103,500 to $105,800, underlying signals hint at seismic moves ahead. And with the asset now 6.2% down from its May 22 all-time high, the crypto community is divided: double top or liftoff?

Double Top Déjà Vu?

Pseudonymous analyst Cryptowizard took to X on June 7 with a chart comparison between Bitcoin’s current structure and the infamous 2021 double top.

“Bitcoin’s price action is starting to look familiar,’” they wrote. “Just like in 2021, we’re seeing a potential double top formation plays out. Are we setting up for a retrace or $150K next?”

That question has ignited debate across the community. Investor Trade Pro isn’t buying the bearish narrative. “Make no mistake about these pullbacks. I think they are buying opportunities… All signs point to strong continuation to new all-time highs,” they asserted, citing strong on-chain metrics.

Backing that bullish case, Gracy Chen of Bitget says the macro picture is playing directly into Bitcoin’s hands. Trump’s latest 1% rate cut proposal and over $500 billion in expected U.S. Treasury borrowing by Q4 hint at a liquidity tsunami.

“Globally, monetary easing is no longer a question of if, but when,” she noted, calling BTC the ultimate hedge in a world increasingly skeptical of fiat stability. “Bitcoin was built for these shifts.”

Market watcher Axel Adler Jr. also noted that the 30-day volatility is now “highly compressed,” a setup that could just be the basis for a substantial market swing.

Meanwhile, institutional buying continues to lock up supply. Swan CIO Ben Werkman pointed out that allocators, rather than traders, are driving this cycle, accumulating BTC without intent to sell.

“62% of Bitcoin hasn’t moved in over a year,” noted Swan, suggesting that historic dormancy often precedes liftoff, as was the case in 2016 and 2020.

Resistance Ahead?

Still, not everyone is convinced the pump is near. According to Glassnode, at this time, the Short-Term Holder Cost Basis sits at just above $97,000, with crucial thresholds at $83,200 and $114,800.

The blockchain analytics firm predicts that a break below $100,000 could ignite another liquidation cascade, especially after Friday’s $988 million in long liquidations triggered by the very public tiff between U.S. President Donald Trump and his erstwhile political ally, Elon Musk.

Even Daan Crypto Trade isn’t ruling out a deeper retracement. “Below yesterday’s lows at ~$100K and I think we’ll keep trending down for another 1–2 weeks,” he posted on X, pointing to BTC’s weakening correlation with stocks and a sluggish bounce from recent lows.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Cryptocurrency

3 Things to Watch in Ripple’s (XRP) Price Today

letizo News

Published

on

XRP is testing the resistance at $2.3. Will it break?

Key Support levels: $2

Key Resistance levels: $2.3, $2.6, $3

1. Key Resistance Under Pressure

Yesterday, buyers pushed XRP to the key resistance at $2.3, but sellers returned to stop a breakout. At the time of this post, the price is in a pullback. Nevertheless, this is a positive sign that shows buyers are returning. If this bullish momentum intensifies, then $2.3 could fall and be followed by a test of $2.6 next.

XRPUSDT_2025-07-01_11-55-28
Chart by TradingView

2. Optimism Returns

With the price keen on making higher highs, optimism is returning to this cryptocurrency. This can be seen on the volume profile where buyers have dominated in the last few days. A break above $2.3 will likely see the volume spike and allow further price expansion into new highs.

XRPUSDT_2025-07-01_11-55-56
Chart by TradingView

3. MACD Turning Bullish

After the daily MACD turned positive last week, the 2-day MACD has also turned bullish today. This shows that the buy momentum is slowly creeping into higher timeframes which will build confidence in the price action and attract more buyers. With a positive feedback loop in action, XRP has a good shot at $2.6 or even higher in July.

XRPUSDT_2025-07-01_11-56-50
Chart by TradingView
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch)

letizo News

Published

on

Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today’s session.

Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others.

Bitcoin Price Waits for News

The deep involvement of corporate Bitcoin buyers and institutions has surely played a major role in its price increase over the past year but it’s also the reason why the crypto market has been largely correlated to traditional ones.

A few years ago, literally nobody cared about metrics such as CPI, PMI, and whatnot, but now every crypto trader has them on their watchlist.

As such, today is also shaping up to be a volatile experience with a few important economic events on the calendar.

First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strenght of the local economy.

That said, Bitocin’s price is down about 1% on the day and is currently trading at around $106,500 after having tested $109,000 yesterday. It’s interesting to see if the bulls have it in them to push bakc towards the upper boundary of the recent trading range or if the bears will send the price back below $105K.

BTCUSD_2025-07-01_12-41-24
Source: TradingView

Altcoins in Red, Some More Than Others

As you can clearly see in the heatmap below, the altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months and whenever BTC slips, altcoins crash.

The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines.

This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day.

Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought?

Screenshot 2025-07-01 at 12.44.19
Source: Quantify Crypto
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Continue Reading

Cryptocurrency

How Much You Should Invest in Bitcoin (BTC)? Veteran Trader Peter Brandt Weighs in

letizo News

Published

on

TL;DR

  • The expert advises monthly investments in SPY and BTC for long-term success.
  • The leading cryptocurrency is up 6% this week and trades near $108,000. Analysts are split – some see a breakout to $130K – $200K if key resistance levels are cleared, while others warn of a possible drop to $100K or even $95K if momentum fades.

‘Trading is the Wrong Path’

Besides its fundamentals and ability to transform the global financial system, Bitcoin (BTC) has proven to be an excellent investment opportunity.

At least, that was the case in the past few years: the asset went through multiple bear and bull markets to eventually cross the $100,000 mark. Currently, it trades at around $108,000 (according to CoinGecko’s data), representing a 75% increase on a yearly scale and a substantial 43,000% jump compared to its valuation a decade ago.

But does the leading cryptocurrency remain a good investment after this major rally over the years, and how much should people allocate to it? That’s a question many people are trying to figure out.

It seems that there isn’t a direct answer, and it all depends on the risk profile of the investors, as well as other important factors. However, one can turn to certain experts who are experienced enough to give guidance. 

An example is the veteran trader Peter Brandt, who recently suggested that approximately 95% of people fail when trading. Instead, he advised them to excel in their regular jobs, prioritize their families, and invest in homeownership. Last but not least, Brandt recommended making monthly investments, allocating 80% of the amount to SPY (the ETF that tracks the S&P 500 Index) and 20% to BTC.

The Next Potential Targets

Let’s now take a closer look at BTC’s recent performance and explore its chances for a further pump in the short term. The asset has increased in value by approximately 6% over the past week, with numerous analysts predicting a surge to a new all-time high if certain conditions are met.

The X user Cipher X believes “a strong weekly close” above $107,720 could open the door to a further rally to as high as $130,000-$135,000 in Q3 2025.

“Just look at Q4 2024 chart and you’ll see what happened when BTC had its biggest weekly close,” they added.

Merlijn The Trader thinks the final pump for this bull run is coming, envisioning a fresh ATH of around $200,000 towards the end of the year. At the same time, he advised investors to take profits, anticipating a drastic pullback to $95,000 shortly after that.

On the contrary, Ali Martinez argued that the cryptocurrency currently faces a key rejection while the stochastic RSI flashes a death cross on the daily chart. The analyst thinks a plunge to $100,000 is not out of the question unless “we get a sustained close” above $109,000.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved