Key Takeaways: $LIBRA was promoted by president Javier Milei, resulting in a spike but later crashing. Investors lost around $250 million, amid allegations of a “rug pull” scam. They are accused of manipulating the market, and opposition parties are calling for an investigation and potential impeachment. Debates of financial regulation surface as Argentina grapples with…
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Dogecoin (DOGE) is potentially forming cup and handle formation on the weekly chart. Crypto analyst David (@david_dogecoin) suggests that, if confirmed, Dogecoin could be targeting an ambitious price target of $4. Dogecoin Cup And Handle Pattern The first stage of this pattern, the cup, began taking shape when Dogecoin initially declined from its May 2021 all time high at $0.74. This downward movement led to an extended consolidation period, where the asset gradually formed a rounded bottom in the $0.05–$0.06 range. The curvature of the price action suggests a slow but steady shift in market sentiment, where selling pressure was gradually absorbed by buyers accumulating DOGE at lower levels. As time progressed, Dogecoin started to recover from this bottom, pushing back towards its December 2024 high at $0.48. The gradual and steady rise back to this high signals that bullish momentum has been building, with increasing interest from market participants. Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge After reaching the $0.48 resistance level, Dogecoin faced a rejection, leading to a moderate pullback. This decline formed the handle, a smaller downward retracement that typically precedes the final breakout. The handle in this setup is forming around the $0.14–$0.17 price zone, where the market is currently consolidating. The handle serves as the last phase where weaker hands exit, and stronger buying interest gathers momentum before a decisive move higher. If Dogecoin successfully breaks out of the cup and handle pattern, the projected price target can be estimated using the measured move technique. This involves calculating the depth of the cup and adding that value to the breakout point. Based on this method, the expected target is around $4, according to the chart shared by analyst Kevin. Critique: Why This Is Not A Classic Cup And Handle A textbook cup and handle requires specific structural characteristics, including a rounded bottom and a shallow handle, forming near a prior all-time high or key resistance zone before a breakout. However, there are critical deviations in this analysis that cast doubt on its validity. Related Reading: Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate The decline from $0.74 (May 2021 ATH) to $0.05–$0.06 is too deep and prolonged to be considered a proper cup formation. Classic cup patterns typically form over weeks to months, not multiple years of extended downtrend. The recovery from $0.05–$0.06 to $0.48 is not symmetrical with the initial drop, making the “rounded bottom” aspect of the cup questionable. Instead, the price action resembles a multi-year accumulation phase rather than a continuous rounding structure. Moreover, the handle is forming too deep in the structure. A valid handle should develop near the rim (i.e., close to $0.48), but in this case, Dogecoin has retraced all the way down to $0.14–$0.17—which is a massive drop of over 65% from the supposed cup rim. A healthy handle should not drop below 50% of the cup’s depth, but here, it retraces nearly to the lower third of the structure, invalidating the classical pattern. At press time, DOGE traded at $0.17. Featured image created with DALL.E, chart from TradingView.com
Base has become Ethereum’s top layer two (L2) across several metrics and Base projects will now have access to onchain startup capital on Echo. Echo Hosts Coinbase Ventures’ New Base Ecosystem Group to Expand Crypto Development Projects building on Ethereum’s largest L2 network Base will now have access to early startup capital via the Echo […]
A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others, and making people deposit crypto to addresses different than the ones intended. Ciberark estimated […]
A new technical analysis suggests that the crypto market, which includes altcoins like Ethereum (ETH) and Dogecoin (DOGE), is about to experience a major altcoin season that could last 217 days. If critical support levels are maintained, the analyst suggests that we may finally see the long-anticipated altcoin season. Ethereum And Dogecoin To See An Altcoin Season Soon Sporia, a TradingView crypto analyst, has shared a detailed technical analysis of the altcoin market. The analysis highlights key indicators within the Total2 chart, which represents the total crypto market cap excluding Bitcoin. The market expert emphasizes the importance of holding a critical support level, noting that the highly anticipated altcoin season could finally begin if this zone is maintained. Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Notably, top cryptocurrencies like Ethereum and Dogecoin could benefit from this market shift into an altcoin season. The analyst also noted that current market conditions coincide with Fibonacci time sequences, which may signal an inflection point for altcoin prices. Sporia shared a price chart, describing it as his secret weapon in determining bottom signals for altcoins. Since 2022, the chart has indicated a significant bottom each time the market encountered resistance at a crucial point. As of this week, the chart has recorded a bottom, marking the fourth hit around the critical resistance zone. The analyst has expressed excitement about this trend, solidifying his confidence in a strong altcoin season. He further underscores that the alignment of events, including key support line formations during the week of the Fibonacci time sequences, indicates the heightened possibility of a major market shift. While tracking Fibonacci-based time cycles, Sporia revealed that the first two hits did not trigger any major events, but the third hit at the 2.618 level led to a significant pivot. Currently, this fourth hit at the 3.618 level coincides with the August 2024 altcoin crash, which mirrored the COVID crash in the last cycle. This suggests a 50% accuracy rate for the current Fibonacci sequence, making it an ideal target to watch for a potential bottom and pivot. Altcoin Market Bull Rally To Last Only 217 Days Diving further into his analysis, Sporia predicts that the altcoin market could rally for 217 days, peaking by October 13, 2025, roughly 20 to 30 days after Bitcoin reaches its projected cycle top. He argues that, historically, Bitcoin has always hit a cycle top before altcoins. Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge In 2021, Bitcoin peaked in April, and the altcoin market topped 28 days later. Similarly, in 2017, Bitcoin reached the top of the market, and altcoins followed 22 days later. For this market cycle, Sporia projects that Bitcoin will hit its highest point by mid-September after a typical 1,050-day cycle from its previous market bottom. Notably, the analyst revealed that the last time the altcoin market hit the 3.618 Fib level, its total market capitalization surged to $5 trillion. Overall, Sporia has indicated a 99% surety that the altcoin market will bottom so long as the key diagonal support holds. If it does, he highlights that the market should expect a V-shaped recovery and an uptrend lasting for 217 days. Featured image from Unsplash, chart from Tradingview.com
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10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on.“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.Bitcoin’s current chart signals “market indecision”Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which, despite typically being a bullish continuation pattern, shows signs of weakness.Bitcoin’s price chart is forming a High, Tight Flag Pattern. Source: 10x Research“Two flags instead of a single, precise formation weakens this setup,” Thielen said.“As a result, the pattern currently suggests market indecision rather than a straightforward bullish consolidation,” he added.Meanwhile, he also pointed out that the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a “buy-the-dip” mentality.“Little incentive” to take advantage of Bitcoin’s recent price dip“This aligns with our view that most ETF flows came from arbitrage-driven hedge funds. Given the persistently low funding rates, there’s little incentive or willingness to deploy additional capital despite the recent price correction,” Thielen said. Since the beginning of March, when Bitcoin fell below $90,000, spot Bitcoin ETFs in the US have recorded total outflows of around $1.66 billion, according to Farside data.Bitcoin is trading at $84,290 at the time of publication, according to CoinMarketCap. This represents a 23% decline from its $109,000 January all-time high.Bitcoin is down 12.86% over the past month. Source: CoinMarketCapThielen is unsure if Bitcoin’s uptrend will resume in the short term. ”Therefore, it may be prudent to close short positions at this stage, although there remains little evidence to support a strong price recovery,” Thielen said.Related: Bitcoin panic selling costs new investors $100M in 6 weeks — ResearchEver since Bitcoin fell below $80,000 on Feb. 28 — the first time since November — amid growing macroeconomic uncertainty over US President Donald Trump’s proposed tariffs, several crypto analysts have been predicting further downfall for the asset.On March 10, BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said, “It looks like Bitcoin will retest $78,000.” “If it fails, $75,000 is next in the crosshairs,” he added.Meanwhile, Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph on March 11 that the low $70,000 range could “provide a foundation for a more sustainable recovery.”Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent much of the year consolidating after hitting all-time highs early on.“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024, where it reached an all-time high of $73,679 in March before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.Bitcoin’s current chart signals “market indecision”Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which, despite typically being a bullish continuation pattern, shows signs of weakness.Bitcoin’s price chart is forming a High, Tight Flag Pattern. Source: 10x Research“Two flags instead of a single, precise formation weakens this setup,” Thielen said.“As a result, the pattern currently suggests market indecision rather than a straightforward bullish consolidation,” he added.Meanwhile, he also pointed out that the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a “buy-the-dip” mentality.“Little incentive” to take advantage of Bitcoin’s recent price dip“This aligns with our view that most ETF flows came from arbitrage-driven hedge funds. Given the persistently low funding rates, there’s little incentive or willingness to deploy additional capital despite the recent price correction,” Thielen said. Since the beginning of March, when Bitcoin fell below $90,000, spot Bitcoin ETFs in the US have recorded total outflows of around $1.66 billion, according to Farside data.Bitcoin is trading at $84,290 at the time of publication, according to CoinMarketCap. This represents a 23% decline from its $109,000 January all-time high.Bitcoin is down 12.86% over the past month. Source: CoinMarketCapThielen is unsure if Bitcoin’s uptrend will resume in the short term. ”Therefore, it may be prudent to close short positions at this stage, although there remains little evidence to support a strong price recovery,” Thielen said.Related: Bitcoin panic selling costs new investors $100M in 6 weeks — ResearchEver since Bitcoin fell below $80,000 on Feb. 28 — the first time since November — amid growing macroeconomic uncertainty over US President Donald Trump’s proposed tariffs, several crypto analysts have been predicting further downfall for the asset.On March 10, BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said “it looks like Bitcoin will retest $78,000.” “If it fails, $75,000 is next in the crosshairs,” he added.Meanwhile, Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph on March 11 that the low $70,000 range could “provide a foundation for a more sustainable recovery.”Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on.“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.Bitcoin’s current chart signals “market indecision”Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which, despite typically being a bullish continuation pattern, shows signs of weakness.Bitcoin’s price chart is forming a High, Tight Flag Pattern. Source: 10x Research“Two flags instead of a single, precise formation weakens this setup,” Thielen said.“As a result, the pattern currently suggests market indecision rather than a straightforward bullish consolidation,” he added.Meanwhile, he also pointed out that the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a “buy-the-dip” mentality.“Little incentive” to take advantage of Bitcoin’s recent price dip“This aligns with our view that most ETF flows came from arbitrage-driven hedge funds. Given the persistently low funding rates, there’s little incentive or willingness to deploy additional capital despite the recent price correction,” Thielen said. Since the beginning of March, when Bitcoin fell below $90,000, spot Bitcoin ETFs in the US have recorded total outflows of around $1.66 billion, according to Farside data.Bitcoin is trading at $84,290 at the time of publication, according to CoinMarketCap. This represents a 23% decline from its $109,000 January all-time high.Bitcoin is down 12.86% over the past month. Source: CoinMarketCapThielen is unsure if Bitcoin’s uptrend will resume in the short term. ”Therefore, it may be prudent to close short positions at this stage, although there remains little evidence to support a strong price recovery,” Thielen said.Related: Bitcoin panic selling costs new investors $100M in 6 weeks — ResearchEver since Bitcoin fell below $80,000 on Feb. 28 — the first time since November — amid growing macroeconomic uncertainty over US President Donald Trump’s proposed tariffs, several crypto analysts have been predicting further downfall for the asset.On March 10, BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said, “It looks like Bitcoin will retest $78,000.” “If it fails, $75,000 is next in the crosshairs,” he added.Meanwhile, Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph on March 11 that the low $70,000 range could “provide a foundation for a more sustainable recovery.”Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on.“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.Bitcoin’s current chart signals “market indecision”Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which, despite typically being a bullish continuation pattern, shows signs of weakness.Bitcoin’s price chart is forming a High, Tight Flag Pattern. Source: 10x Research“Two flags instead of a single, precise formation weakens this setup,” Thielen said.“As a result, the pattern currently suggests market indecision rather than a straightforward bullish consolidation,” he added.Meanwhile, he also pointed out that the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a “buy-the-dip” mentality.“Little incentive” to take advantage of Bitcoin’s recent price dip“This aligns with our view that most ETF flows came from arbitrage-driven hedge funds. Given the persistently low funding rates, there’s little incentive or willingness to deploy additional capital despite the recent price correction,” Thielen said. Since the beginning of March, when Bitcoin fell below $90,000, spot Bitcoin ETFs in the US have recorded total outflows of around $1.66 billion, according to Farside data.Bitcoin is trading at $84,290 at the time of publication, according to CoinMarketCap. This represents a 23% decline from its $109,000 January all-time high.Bitcoin is down 12.86% over the past month. Source: CoinMarketCapThielen is unsure if Bitcoin’s uptrend will resume in the short term. ”Therefore, it may be prudent to close short positions at this stage, although there remains little evidence to support a strong price recovery,” Thielen said.Related: Bitcoin panic selling costs new investors $100M in 6 weeks — ResearchEver since Bitcoin fell below $80,000 on Feb. 28 — the first time since November — amid growing macroeconomic uncertainty over US President Donald Trump’s proposed tariffs, several crypto analysts have been predicting further downfall for the asset.On March 10, BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said, “It looks like Bitcoin will retest $78,000.” “If it fails, $75,000 is next in the crosshairs,” he added.Meanwhile, Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph on March 11 that the low $70,000 range could “provide a foundation for a more sustainable recovery.”Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
