Author: dfmines

Crypto analyst Tony Severino has revealed that the Bitcoin Percentage Price Oscillator (PPO) has turned red after reaching $102,000. He further explained what this development means for the flagship crypto in relation to the ongoing bull market.  Bitcoin’s Weekly PPO Turns Red At $102,000 In an X post, Severino revealed that the Bitcoin weekly PPO just turned red after reaching $102,000. The analyst had mentioned before that when the weekly PPO turns red, the end is near for Bitcoin’s bull run. He warned back then that this indicator could be pointing to the top soon. Related Reading: XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10? As to how this market top could happen now, the crypto analyst explained that the Bitcoin price will keep running once the red ticks begin, and the market will have topped before the red tick runs out.  Severino also highlighted the TD Sequential as another indicator that suggests the Bitcoin peak could occur as soon as the first or second quarter of this year. He noted that BTCUSD’s quarterly candlesticks are on an 8-count. The analyst further revealed that a perfected TD9 count ended the 2017 bull run.  Therefore, if history repeats itself, the Bitcoin price could top by July. However, the analyst still believes that the top could happen as early as Q1, noting that it isn’t uncommon for this peak to happen on the 8th candlestick in the sequence. He also raised the possibility of the Bitcoin bull market extending beyond Q2, stating that the TD8/9 setups could fail.  However, Severino added that it seems unlikely that Bitcoin will continue trending higher for multiple quarters without a more significant correction. The crypto analyst also previously predicted that the Bitcoin price could top below $150,000 as early as January 20. He explained that Donald Trump’s inauguration could be the new paradigm leading to this cyclical peak. He made this prediction based on the fact that the market could have already priced into Trump’s pro-crypto moves.  Bitcoin Price Correction Nearing Its End In the meantime, crypto analysts have suggested that the Bitcoin downtrend may be nearing its end, especially with the flagship crypto back above $100,000. In an X post, crypto analyst Titan of Crypto mentioned that a Bitcoin mark-up is imminent. This came as he remarked that the 7-week consolidation for BTC might be nearing its end.  Related Reading: Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent Crypto analyst Mikybull Crypto also suggested that Bitcoin has flipped bullish once again. He remarked that the bears were no longer in control following Bitcoin’s rise above $100,000, invalidating the bearish setup. With the flagship crypto back above this price level, the crypto analyst predicted it may be ready for a sustainable rally to a cycle top.  At the time of writing, the Bitcoin price is trading at around $101,677, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Enron, the company involved in one of the largest frauds in U.S. corporate history, has announced a breakthrough project: The Enron Egg, touted by the company as “the first micro nuclear reactor.” Enron Announces Enron Egg Micro Nuclear Reactor, Token Might Still Under Wraps Enron, the former Texas-based energy company, has announced an allegedly revolutionary […]

Emerging crypto regulation and the US Federal Reserve’s monetary policy path will be the main drivers of Bitcoin’s price trajectory in 2025, Binance Research told Cointelegraph.

CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year.

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On Monday, over $1 billion flowed into spot bitcoin and ether ETFs with Fidelity and Blackrock ETFs dominating the inflows. Bitcoin and Ether ETFs Extend Strong Start to 2025 U.S. spot bitcoin and ether exchange-traded funds (ETFs) continued their strong start to the year with a combined inflow of $1.1 billion on Monday, Jan. 6. […]

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Rostin Behnam is stepping down as chair of the Commodity Futures Trading Commission on Jan. 20, calling for stronger crypto oversight and leaving behind a legacy of enforcement.

Shiba Inu (SHIB) appears to be laying the groundwork for a big rally, as market observers focus on a potential vertical surge. The popular meme coin, which has often piqued investor interest, appears to be set for a “monster” climb toward $0.000066651. Related Reading: Dogecoin To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why Positive Trends Amid Market Uncertainty Shiba Inu’s current pricing behavior indicates a steady rebound in momentum. After weeks of sluggish activity, the token’s upward trend has fueled confidence. Analysts are keeping a careful eye on important technical signs that indicate SHIB may be ready to exit its consolidation phase. Increased trade volumes and strengthened support levels indicate that investor confidence is growing. Positive mood in the broader crypto landscape supports CoinMarketCap data indicating the coin is gaining more traction. Major developments in Bitcoin and Ethereum have set off a chain reaction that has elevated the appeal of SHIB and other cryptocurrencies. On X, an analyst identified as “Strong” noted a likely cup-and-handle formation in SHIB’s weekly chart that suggested possible consolidation before to an upward breakthrough. Based on past resistance levels, they estimated a post-breakout goal of $0.000066 suggesting great optimistic possibilities. $SHIB Shib will do what it does, “slowly then all at once” a monster vertical move HTF chart looks super bullish: – a catch up play to $DOGE – largest erc token on $ETH – soon a break out of a 4y down trend A bullish $SHIB is good for risk on crypto It’s almost time pic.twitter.com/ofzM4fEXhr — $trong (@StrongHedge) January 5, 2025 Emphasizing SHIB’s ranking as the biggest ERC-20 token on Ethereum, the research also positioned SHIB as a “catch-up play” for Dogecoin. Furthermore, SHIB is apparently approaching a breakout from a four-year declining trend, which supports its attraction to traders expecting a substantial price increase. Technical Signs Point To A Breakthrough The likelihood that Shiba Inu will achieve its estimated goal of $0.000066 is determined in part by technical and commercial variables. While the coin has been trading in a long-term symmetrical triangle, it is typically associated with potential bullish breakouts. Prominent experts and other cryptocurrency enthusiasts on social media have emphasized this circumstance as a motivating factor for SHIB’s upcoming actions. Recent studies underlined the need of maintaining important resistance values. Should SHIB keep following its current rising path, holders could find big increases in the next weeks. Moreover, the introduction of Shibarium, Shiba Inu’s Layer-2 solution, has piqued attention on the general value of the ecosystem. Related Reading: Bitcoin Target Locked: Metaplanet Eyes 10,000 BTC This Year Market Mood Improves Shiba Inu Projection Beyond mere technical concerns, the prevailing attitude in the crypto space supports SHIB’s promise. Social engagement metrics have climbed; Shiba Inu mentions on websites like Twitter have peaked several months ago. Furthermore, increased speculation about important events in the ecosystem, such as new coin listings and partnerships, has kept the token in the spotlight. However, analysts warn against being overly optimistic. Shiba Inu price swings, like those of any other speculative asset, are characterized by volatility. Investors should approach this rise with a balanced mindset and keep an eye out for market changes. At the time of writing, SHIB is trading at $0.000002414, up slightly in the last 24 hours. Whether it can meet its ambitious $0.000066651 aim is determined by a combination of technical and market variables. Featured image from DogTime, chart from TradingView