Crypto analyst TradingShot had predicted before that the Bitcoin price could rally to as high as $150,000 in this bull run. With the flagship crypto now close to the $100,000 milestone, the analyst has charted Bitcoin’s current price action and provided insights into how the crypto could reach this $150,000 target by 2025. The Current Bitcoin Price Action And Road To $150,000 In a TradingView post , TradingShot stated that the Bitcoin price is now off the 0.786 to 1.0 Fibonacci range, where it consolidated from March 2024 until October 2024. The analyst noted how the breakout in October was largely thanks to the US presidential elections and the euphoria after Donald Trump won. TradingShot said that the Bitcoin price is only one month outside this range and is already much higher. He noted that last month’s candle was similar to November 2020 and May 2017. Coincidentally, those periods were when the “most aggressive rallies of those bull cycles started.” The crypto stated that the Bitcoin price was at a 71.5° angle between May and December 2017. In the 2021 cycle, Bitcoin was at a 68.5° angle (3° lower) between November 2020 and April 2021. If this happens to be a trend, TradingShot remarked that it is safe to assume that the 2024/2025 parabolic rally could be at a 65.5° angle (-3° from the previous cycle). In line with this, TradingShot said that this gives the Bitcoin price a potential target of $300,000 as early as May 2025 if the crypto records a double top cycle as in 2021. Meanwhile, the crypto analyst asserted that the $150,000 target is “very plausible” from a technical analysis perspective since it is just below the top of a multi-year channel he highlighted on the chart. BTC’s Next Move Still Unclear Amid this bullish prediction for the Bitcoin price, crypto analyst Kevin Capital has suggested that BTC’s move is still unclear. He stated that while Bitcoin has a lot of liquidity to the downside of about $88,000, the real bulk of liquidity is still around the $100,000 to $103,000 range. Based on this, the analyst stated that it is best to sit back and watch what comes next. Meanwhile, crypto analyst Mikybull Crypto has suggested that the Bitcoin price may experience a cooling-off period in the meantime. This came as he revealed that the sell signal has flashed on Bitcoin’s dominance for the first time since 2020. In line with this development, he stated that it is officially altcoin season . Blockchain center data shows that it is indeed altcoin season. In the last 90 days, 75% of the top 50 coins by market cap have outperformed the Bitcoin price. With this being altcoin season, Bitcoin could cool off while altcoins record parabolic rallies. At the time of writing, the Bitcoin price is trading at around $95,600, down in the last 24 hours, according to data from CoinMarketCap.
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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.
AVAX, TRX, and TON Compete for Attention, but Analysts Tip Rollblock to Lead
In the bustling cryptocurrency scene, Avalanche (AVAX), Tron (TRX), and Toncoin (TON) are all competing for the limelight. Each has its unique strengths: AVAX is known for fast transactions, TRX boasts high profitability, and TON is seeing increased activity. However, a fresh contender, Rollblock (RBLK), is quickly gaining traction. With its distinctive GambleFi model, thriving casino platform, and innovative revenue-sharing system, experts predict Rollblock could surpass these prominent tokens and become the preferred choice for investors by 2025. Avalanche on the Verge of a Breakthrough Avalanche has been caught in a downward spiral, with its value falling 28% last month to $36.70. The token is hovering near a critical support level at $35, which could determine its next significant price movement. If buyers step up and successfully defend this crucial point, Avalanche might form a double-bottom pattern, potentially pushing its AVAX price to $50, assuming the broader market turns favorable. However, if the $35 support collapses, Avalanche could slip further to $33.60. In a worst-case scenario, persistent selling pressure might drag the token down to $30.60 or lower. Is Tron Leading in Crypto Profitability? Despite a recent 3.2% dip to $0.2525, TRX remains the most profitable cryptocurrency among the top 50 assets. Surpassing rivals like Bitcoin, Ethereum, and Cardano, Tron`s 156.16 million wallet addresses show an impressive 95.73% in profit. Tron leads in profitability, with only 1.15% of Tron addresses, or about 1.88 million, experiencing losses. Tron`s resilience is evident in current market fluctuations. After a 1.4% decrease in the last 24 hours, Tron`s price dipped below $0.25 but bounced back to $0.2642. A 31.75% surge in 24-hour trading volume to $924.19 million signals a potential rebound and indicates that investor confidence remains robust. TON Faces Steep Price Decline Amid Rising Trading Volume According to CoinGecko, TON`s price plunged dramatically on January 17, 2025, dropping from $5.20 to $4.80 within an hour. This sudden fall highlights a rapid loss of investor confidence following a market announcement. Amidst a wave of sell-offs, trading volume soared from 10 million to 25 million TON during the same period. On Binance, the TON/USDT pair mirrored this pattern: the price hit $4.75 while trade volume surged by 11:00 AM UTC. Nansen`s on-chain data revealed a 20% increase in active addresses after the announcement, suggesting heightened market engagement with TON. Why Rollblock`s RBLK Token Stands Out as the Best Investment in 2025 Rollblock is transforming the online gaming landscape with its innovative GambleFi ecosystem, and its native token, $RBLK, is at the forefront of this change. Currently priced at just $0.046 in its presale phase, $RBLK offers a rare opportunity for investors seeking a presale coin in 2025, combining real utility, growth potential, and revenue-sharing advantages. A flourishing casino translates to increased revenue, which Rollblock strategically uses to repurchase $RBLK tokens from the market. This buyback mechanism reduces the circulating supply, creating scarcity and boosting value. As Rollblock`s profits rise, so does the incentive for RBLK holders to stay engaged with the platform. The platform is already live, featuring over 7,000 games and sports betting on thousands of global events, attracting a rapidly expanding user base. Since the casino`s inception, registrations have grown by an impressive 30% month-over-month, further enhancing its revenue streams. This continuous growth directly benefits RBLK holders by amplifying the buyback, burn, and staking reward mechanisms. Rollblock`s tokenomics are designed to ensure long-term sustainability and mutual benefits for all users, with a fixed supply of 1,000,000,000 tokens, 60% of which is allocated for presale. Rollblock`s groundbreaking approach to online gaming, its deflationary RBLK token, and rapidly growing user base make it the best coin to buy now. Early investors have the opportunity to capitalize on the booming casino revenues, consistent token burns, and exceptional staking rewards. With RBLK, you`re not just purchasing a token—you`re investing in a platform geared for success and long-term growth. Explore the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. NewsBTC
SEC Slaps Major Companies with Hefty Fines for Communication Violations
The SEC imposed $63.1 million in fines on major financial firms. Companies violated federal record-keeping laws using unapproved communication methods. Continue Reading: SEC Slaps Major Companies with Hefty Fines for Communication Violations The post SEC Slaps Major Companies with Hefty Fines for Communication Violations appeared first on COINTURK NEWS . NewsBTC