2 days ago

Bitcoin Price Can Hit These ‘Realistic’ Bullish Targets Before The Bear Market Begins

The consensus is leaning heavily toward the Bitcoin price heading into another drawn-out bear market after hitting its $126,000 all-time high back in October. However, some analysts have shared that this will not happen in a straight line. But rather, there will be short relief rallies that send the price higher before moving into the next phase of the bear market. One of these analysts is TradingShot, who has shared what they refer to as ‘realistic’ price targets that the Bitcoin price can still hit before slipping fully into the bear market. Bitcoin’s Tendency To Recover TradingShot’s analysis does not go against the idea of a bear market, but rather points to the fact that Bitcoin is yet to enter a new Bull Cycle. The analysis focuses on the sell-offs that the cryptocurrency has suffered since hitting its all-time high, pushing it into a bearish leg. The analyst draws similarities between the current market structure and what was seen in the market decline between January 20 and April 7, showing that they are both part of a “Channel Up” formation. Another interesting fact about the current trend is the fact that, just like the January-April trend, it has also completed a 1-Day MACD Bullish Cross. This was a formation that led to a brief recovery back in March, and the same could be the case this time around. Such a rally, the analyst explains, is known as a counter-trend rally, and another one could be underway. If this is the case, then the Bitcoin price could be gearing up to retest the Lower Highs trendline, putting the contact points at significantly higher price levels than Bitcoin is currently trending at. The Targets That Could Materialize In the event that this Bitcoin price counter-trend rally does play out, TradingShot outlines two major targets that the cryptocurrency could hit. The first of these lies at $95,850 , which coincides with the 0.382 Fibonacci level. This level is the rejection point for the April 2025 rally, making it an important play . Above this first target lies the second and final target of $106,450. This target, interestingly, lies outside of the Lower Highs trendline, but remains a viable option. It would occur in a situation where the Bitcoin price makes contact with the 1D MA200. The analyst explains that “This is where the 0.618 Fibonacci retracement level is, which was also Target 2 for the April fractal and where the second consolidation took place.”

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

This 11.7 Billion Dogecoin Wall Could Be Key Resistance For DOGE, Analyst Says

An analyst has pointed out where a key resistance could be located for Dogecoin, based on on-chain supply distribution data. Dogecoin Has A Large Supply Cluster Present At $0.20 In a new post on X, analyst Ali Martinez has talked about where resistance lies for Dogecoin based on Glassnode’s Cost Basis Distribution (CBD). The CBD is an indicator that tells us about the amount of DOGE supply that was last acquired at the various price levels that the memecoin has visited in its history. Related Reading: Bitcoin Market Structure Echoes 2022 Bear Start, Glassnode Warns Below is the chart shared by Martinez that shows the recent CBD heatmap for Dogecoin. As is visible in the graph, the Dogecoin CBD has flagged the zone around $0.20 as one where investors did some heavy buying. More specifically, over 11.7 billion tokens have their cost basis at this level. Considering that DOGE is trading notably under the mark right now, all this supply would naturally be in the red. The asset rising to this level could cause a strong reaction from the investors, as these tokens will get back to their break-even. Generally, holders in loss can be desperate for the price to reach back to their cost basis. Once the asset does rise to their acquisition level, some of these investors choose to sell, fearing that the rebound is only temporary. This can make large cost basis levels above the asset’s price potential zones of resistance. Between the current price and $0.20, there aren’t any other regions in the CBD that are as dense with supply. Based on this, Martinez has noted, “$0.20 is the key resistance for Dogecoin.” It now remains to be seen whether DOGE will retest this level anytime soon. In some other news, the memecoin has seen a spike in network activity recently, as the analyst has pointed out in another X post. In the chart, the indicator shown is the Number of Active Addresses, which measures, as its name suggests, the daily number of addresses that are participating in some kind of transaction activity on the Dogecoin network. It would appear that this indicator has registered a surge recently, with a peak 71,589 addresses making transfers on the blockchain. This is the largest spike that the metric has observed since September. Related Reading: Ethereum Back At $3,200 As Sharks Show Strong Accumulation The trend suggests that attention has returned back to the Dogecoin network after a slump, but only time will tell whether this activity pertains to accumulation or distribution. DOGE Price At the time of writing, Dogecoin is trading around $0.138, down over 7% in the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com Bitcoinist

$BitcoinWorld Dormant Bitcoin Whale Awakens: 14-Year Slumber Ends with $89 Million Transfer In a stunning move that sent ripples through the crypto community, a long-forgotten giant has stirred. Blockchain data reveals a dormant Bitcoin whale address, inactive for a staggering 14 years, suddenly transferred 1,000 BTC—worth approximately $89 million. This event isn’t just a large transaction; it’s a message from Bitcoin’s ancient past, prompting urgent questions about market impact and holder behavior. What Does a Dormant Bitcoin Whale Transfer Mean? When a dormant Bitcoin whale moves funds, analysts pay close attention. This specific address, beginning with “1Au1uZ,” received its Bitcoin in 2010, when the asset was worth mere cents. The holder watched silently through multiple bull and bear markets. Therefore, their decision to act now is highly significant. It could signal a change in long-term conviction, an estate planning move, or preparation for a major market shift. Why Are These 14-Year-Old Coins So Important? Coins from this era are legendary. They represent the earliest days of Bitcoin, held by pioneers who believed in the technology before it had monetary value. The sheer willpower to hold through 14 years of volatility is extraordinary. When such coins move, it often affects market sentiment. Here’s why: Supply Shock Potential: These coins were effectively removed from circulating supply. Their movement back into active wallets can increase sell-side pressure. Psychological Signal: If a holder with diamond hands for 14 years decides to move coins, some investors interpret it as a potential local market top. Technical Analysis: On-chain metrics track these movements closely, using them to gauge overall holder sentiment and predict potential volatility. What Could This Whale Do Next? The immediate destination of the 1,000 BTC was another address, not a known exchange. This suggests the holder is not selling directly at this moment. However, the possibilities are vast. The whale might be: Consolidating wallets for security or estate purposes. Preparing to use the Bitcoin as collateral in decentralized finance (DeFi) protocols. Transferring ownership, perhaps to a next-generation custodian or a family member. Simply testing wallet functionality after more than a decade. Until the coins reach an exchange or are used in a visible transaction, their ultimate purpose remains a fascinating mystery. How Does This Impact the Broader Bitcoin Market? While $89 million is a large sum, it’s a fraction of Bitcoin’s daily trading volume. The direct price impact is often minimal. The real impact is psychological. News of a dormant Bitcoin whale awakening can create short-term FUD (Fear, Uncertainty, and Doubt) among retail traders. Conversely, it can also be viewed as a sign of an aging market where early adopters are finally taking profits, a natural evolution for any asset class. Ultimately, it underscores Bitcoin’s core narrative: the ability to store life-changing value securely over immense periods. Conclusion: A Testament to Bitcoin’s Promise The awakening of this dormant Bitcoin whale is a powerful reminder of cryptocurrency’s unique properties. An individual held a digital key securely for 14 years and unlocked $89 million. This event validates Bitcoin’s original promise as a sovereign store of value. While the market watches the next move, the story itself—of patience, belief, and newfound wealth—is the true headline. Frequently Asked Questions (FAQs) Q1: What is a “dormant Bitcoin whale”? A: A dormant Bitcoin whale is a cryptocurrency address holding a large amount of Bitcoin (typically 1,000 BTC or more) that has not made any outgoing transactions for a very long time, often several years. Q2: Why is a 14-year dormancy period so significant? A: Bitcoin was launched in 2009. Coins from 2010 are among the oldest in existence, mined or purchased when Bitcoin had almost no monetary value. Holding them this long demonstrates extreme conviction. Q3: Does this mean the whale is selling their Bitcoin? A: Not necessarily. The transfer was to another private address. Selling usually involves sending coins to a cryptocurrency exchange. This could be a preparatory step, but it is not a direct sale. Q4: How can I track whale movements myself? A: You can use on-chain analytics platforms like Lookonchain, Glassnode, or CryptoQuant. These tools monitor large wallet movements and exchange flows. Q5: Should I be worried about my Bitcoin investment when this happens? A: Single whale movements rarely dictate long-term market trends. Bitcoin’s price is influenced by macroeconomics, adoption, and institutional flows. View such events as interesting data points, not sell signals. Q6: What’s the largest dormant whale wallet ever seen? A: The famous Satoshi-era wallets, believed to belong to Bitcoin creator Satoshi Nakamoto, hold over 1 million BTC and have never moved. They represent the ultimate in dormancy. Did this story of a sleeping giant fascinate you? Share this deep dive into the awakening of a dormant Bitcoin whale with your network on X (Twitter), LinkedIn, or Telegram. Spark a conversation about what long-term holding truly means in the volatile world of crypto! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Dormant Bitcoin Whale Awakens: 14-Year Slumber Ends with $89 Million Transfer first appeared on BitcoinWorld .$

Dormant Bitcoin Whale Awakens: 14-Year Slumber Ends with $89 Million Transfer

BitcoinWorld Dormant Bitcoin Whale Awakens: 14-Year Slumber Ends with $89 Million Transfer In a stunning move that sent ripples through the crypto community, a long-forgotten giant has stirred. Blockchain data reveals a dormant Bitcoin whale address, inactive for a staggering 14 years, suddenly transferred 1,000 BTC—worth approximately $89 million. This event isn’t just a large transaction; it’s a message from Bitcoin’s ancient past, prompting urgent questions about market impact and holder behavior. What Does a Dormant Bitcoin Whale Transfer Mean? When a dormant Bitcoin whale moves funds, analysts pay close attention. This specific address, beginning with “1Au1uZ,” received its Bitcoin in 2010, when the asset was worth mere cents. The holder watched silently through multiple bull and bear markets. Therefore, their decision to act now is highly significant. It could signal a change in long-term conviction, an estate planning move, or preparation for a major market shift. Why Are These 14-Year-Old Coins So Important? Coins from this era are legendary. They represent the earliest days of Bitcoin, held by pioneers who believed in the technology before it had monetary value. The sheer willpower to hold through 14 years of volatility is extraordinary. When such coins move, it often affects market sentiment. Here’s why: Supply Shock Potential: These coins were effectively removed from circulating supply. Their movement back into active wallets can increase sell-side pressure. Psychological Signal: If a holder with diamond hands for 14 years decides to move coins, some investors interpret it as a potential local market top. Technical Analysis: On-chain metrics track these movements closely, using them to gauge overall holder sentiment and predict potential volatility. What Could This Whale Do Next? The immediate destination of the 1,000 BTC was another address, not a known exchange. This suggests the holder is not selling directly at this moment. However, the possibilities are vast. The whale might be: Consolidating wallets for security or estate purposes. Preparing to use the Bitcoin as collateral in decentralized finance (DeFi) protocols. Transferring ownership, perhaps to a next-generation custodian or a family member. Simply testing wallet functionality after more than a decade. Until the coins reach an exchange or are used in a visible transaction, their ultimate purpose remains a fascinating mystery. How Does This Impact the Broader Bitcoin Market? While $89 million is a large sum, it’s a fraction of Bitcoin’s daily trading volume. The direct price impact is often minimal. The real impact is psychological. News of a dormant Bitcoin whale awakening can create short-term FUD (Fear, Uncertainty, and Doubt) among retail traders. Conversely, it can also be viewed as a sign of an aging market where early adopters are finally taking profits, a natural evolution for any asset class. Ultimately, it underscores Bitcoin’s core narrative: the ability to store life-changing value securely over immense periods. Conclusion: A Testament to Bitcoin’s Promise The awakening of this dormant Bitcoin whale is a powerful reminder of cryptocurrency’s unique properties. An individual held a digital key securely for 14 years and unlocked $89 million. This event validates Bitcoin’s original promise as a sovereign store of value. While the market watches the next move, the story itself—of patience, belief, and newfound wealth—is the true headline. Frequently Asked Questions (FAQs) Q1: What is a “dormant Bitcoin whale”? A: A dormant Bitcoin whale is a cryptocurrency address holding a large amount of Bitcoin (typically 1,000 BTC or more) that has not made any outgoing transactions for a very long time, often several years. Q2: Why is a 14-year dormancy period so significant? A: Bitcoin was launched in 2009. Coins from 2010 are among the oldest in existence, mined or purchased when Bitcoin had almost no monetary value. Holding them this long demonstrates extreme conviction. Q3: Does this mean the whale is selling their Bitcoin? A: Not necessarily. The transfer was to another private address. Selling usually involves sending coins to a cryptocurrency exchange. This could be a preparatory step, but it is not a direct sale. Q4: How can I track whale movements myself? A: You can use on-chain analytics platforms like Lookonchain, Glassnode, or CryptoQuant. These tools monitor large wallet movements and exchange flows. Q5: Should I be worried about my Bitcoin investment when this happens? A: Single whale movements rarely dictate long-term market trends. Bitcoin’s price is influenced by macroeconomics, adoption, and institutional flows. View such events as interesting data points, not sell signals. Q6: What’s the largest dormant whale wallet ever seen? A: The famous Satoshi-era wallets, believed to belong to Bitcoin creator Satoshi Nakamoto, hold over 1 million BTC and have never moved. They represent the ultimate in dormancy. Did this story of a sleeping giant fascinate you? Share this deep dive into the awakening of a dormant Bitcoin whale with your network on X (Twitter), LinkedIn, or Telegram. Spark a conversation about what long-term holding truly means in the volatile world of crypto! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Dormant Bitcoin Whale Awakens: 14-Year Slumber Ends with $89 Million Transfer first appeared on BitcoinWorld . Bitcoinist