Author: dfmines

From the historic genesis block to $100,000 BTC, Bitcoin’s journey spans 16 years of resilience, growth and innovation.

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The Bitcoin price’s market dynamics have taken an interesting turn as the cryptocurrency adjusts its cycle patterns following a sharp decline below the psychological $100,000 price level. Crypto analyst Bob Loukas shared his perspective on social media platform X, noting a potential shift from a 56-day to a 60-day cycle. According to the analyst, this raises the question of whether Bitcoin could rebound to the upside from here or continue its consolidation for the next two months. Bitcoin Price Shift To A 60-Day Cycle Cryptocurrency markets are influenced by cyclical patterns that have become an important part of crypto analysts’ technical analysis. These cycles are defined by repetitive patterns of highs, lows, and consolidations and are used by analysts who look at past performance to predict future price action. These are often combined with technical indicators like Fibonacci extensions and retracements and patterns of Elliot Waves.   Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details In the case of Bitcoin, Bitcoin’s price movements in the current bull market have been highlighted by a close mirror of previous cycles. According to technical analysis, the leading cryptocurrency has been playing out in a 56-day cycle for most of the current market cycle. This 56-day cycle was spotlighted by Bitcoin’s break over various price levels until it broke above the six-digit threshold at $100,000. After breaking above $100,000, Bitcoin seemed to stumble at first but eventually regained a bit of momentum to reach an all-time high of $108,135 on December 17. Since then, however, Bitcoin has entered a correction phase, even falling as low as $92,800 just three days after reaching this all-time high. As pointed out by crypto analyst Bob Loukas, this massive correction and consolidation in the past two weeks have prompted Bitcoin to move into a 60-day cycle. This change in cycle, although just by a few days, could have profound effects, and it remains to be seen how the market reacts. Was The Recent Decline Enough For A Reset? A move to a 60-day cycle suggests a subtle but meaningful change in Bitcoin’s market behavior. At the time of writing, Bitcoin is about to start a new cycle count that will play out in the next 60 days. Two possible scenarios could play out from here over those 60 days.  Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The first scenario is of a bullish momentum if the recent sharp correction may have already reset the cycle. In this case, we could see Bitcoin pushing up to new all-time highs in the next 60 days.  The second scenario is less optimistic. It opens up the possibility of Bitcoin consolidating and trading within a narrow range for the next two months.  At the time of writing, Bitcoin is trading at $96,146. If Bitcoin successfully transitions to a 60-day cycle and avoids another consolidation, it could pave the way for a recovery above the $100,000 level and bullish momentum throughout Q1 2025. Featured image created with Dall.E, chart from Tradingview.com

The U.S. dollar index flexes its strength in the new year, reaching levels not seen in two years. This rise is supported by the so-called ‘Trump Trade,’ the expectation of only two more rate cuts this year, and the weakness of other currencies in the basket. Dollar Index Inches Higher Powered by Trump Trade, Fed […]

Phishing attacks were the most costly attack vector for the crypto industry in 2024, netting attackers over $1 billion across 296 incidents.

PRESS RELEASE. Moonwalkers is revolutionizing the intersection of gamification and blockchain technology, blending innovation and expertise to create an immersive experience. Whether you’re a tech enthusiast or a casual gamer, this project offers an opportunity to combine gaming, fitness, and blockchain. By turning your steps into $MW tokens, Moonwalkers creates a world where every movement […]

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In a newly released investor note, one of the oldest US investment banks H.C. Wainwright & Co. —established in 1868—is projecting substantial upswing for the Bitcoin price. According to the note, the institution has revised its previous Bitcoin price target for the end of 2025 from $145,000 to $225,000, underpinned by a confluence of historical trends, macroeconomic indicators, and emerging regulatory and institutional factors. “We estimate BTC will reach a cycle high of $225,000 by YE2025,” stated the firm, referencing both market cycles and the potential for a more supportive digital-asset regulatory landscape in the United States in 2025 under a new administration. Why Bitcoin Could $225,000 By Year End H.C. Wainwright’s analysis highlights several pivotal forces propelling Bitcoin’s growth trajectory. One significant catalyst is the wider availability of spot Bitcoin exchange-traded funds (ETFs) in the US, a development that could unlock new waves of institutional capital. The firm also cites “accelerating institutional investor and corporate adoption” as a major contributor to its bullish outlook. Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? On top of that, the investment bank’s models assume an overall market backdrop that improves in tandem with global liquidity and that any regulatory overhang will abate. H.C. Wainwright is careful to note that the forecast is sensitive to macroeconomic conditions, particularly measured by M2 money supply, which has trended downward since October. Though projecting a lofty six-figure price by 2025, H.C. Wainwright acknowledged that Bitcoin’s path toward $225,000 is unlikely to be a smooth ride. In the report, the bank cautioned: “~20-30% drawdowns during bull markets are not uncommon […] We estimate BTC could retrace back down to the mid-$70,000 range in early 1Q25 before resuming its uptrend.” They attribute these possible pullbacks to Bitcoin’s historical volatility and its correlation with global liquidity trends. Related Reading: 2025 Bitcoin Predictions: Top Fund Manager Shares His Outlook If Bitcoin reaches $225,000 per coin, H.C. Wainwright projects a total Bitcoin market capitalization of approximately $4.5 trillion—around 25% of gold’s current $18 trillion market cap. This scenario translates to a 113% increase over current levels. However, the note adds a striking scenario that is not yet factored into its core forecast: “Our new 2025 price target does not factor in the potential for the US government to officially adopt BTC as a treasury reserve asset at the federal level next year. If implemented, we believe it is plausible that BTC could significantly exceed our base case price target.” The institution’s analysis also extends to the broader crypto market. Historically, Bitcoin’s dominance (its share of total crypto market cap) tends to fall during market peaks, and it dipped into the low 40% range near the last bull cycle peak in November 2021. Looking forward, H.C. Wainwright expects Bitcoin’s dominance to decline to 45% by the end of 2025, down from around 56% currently. Under that assumption, the firm sees the total crypto market swelling from $3.6 trillion today to approximately $10 trillion by year’s end 2025. H.C. Wainwright’s coverage universe of publicly traded Bitcoin mining companies stands to benefit from the anticipated price surge. “If our predictions are correct, there is the potential for significant upward estimate revisions for our coverage universe over the course of next year.” At press time, BTC traded at $96,221. Featured image created with DALL.E, chart from TradingView.com

My wallet with $500 in it has been hacked, I never gave access to shady smart contracts or clicked any link. I had invested in some good microcaps through uniswap a month back and today when I logged into my account after a period of 10 days, it says wallet balance as zero and I…
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