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Tag: BTCUSD

  • Bitcoin’s $126K Sprint May Be Over — Fidelity Predicts 2026 Slide

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    Fidelity’s top markets strategist has warned that Bitcoin’s October high of $126,000 could mark the top of the current cycle, and investors should be ready for a rough ride in 2026.

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    According to Jurrien Timmer, a notable pullback is possible next year with key support seen in a range of $65,000 to $75,000. That view sits alongside data points and trader commentary that recall past big drops after sharp peaks.

    Cycle Warning From Fidelity

    According to Timmer, Bitcoin’s price history follows a roughly four-year rhythm tied to halvings. Past peaks have been followed by steep corrections of about 70 to 85%.

    For example, after a high of $1,137 in 2013 the price slipped to roughly $230, and the 2017 peak near $14,050 later traded down toward $3,415. Prices surged again after 2021, and that pattern of parabolic advance then sharp retreat has been repeated. Some traders say those falls are tests of patience rather than a sign the story is broken.

    Historical Charts Show Parabolic Moves

    Reports have disclosed that long-term log charts help put these swings in perspective by showing percentage growth across cycles, which can make big-dollar moves easier to read.

    Market action often looks like a rapid climb to a peak, a quick drop, and a long period where prices move sideways and gains feel slow. Those sideways stretches are where many long-term holders are rewarded, though it can take years.

    Galaxy Research has flagged overlapping macro and market risks that make forecasting harder for 2026, and options and volatility trends suggest Bitcoin is behaving more like a macro asset than a pure growth gamble. Galaxy Research is still bullish on a multi-year view and projects a path toward $250,000 by the end of 2027.

    BTCUSD now trading at $89,510. Chart: TradingView

    First Quarter Patterns May Matter

    Based on reports from traders, the first quarter has in past cycles been a period that often supports price stability, although recent years have shown less regularity. Large inflows and treasury buys that could arrive in 2025 might be offset by early-cycle selling from big holders.

    The balance between institutional demand and whale supply will likely show itself in the first half of 2026, making that stretch important for whether historical four-year rhythms hold firm.

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    2026 Could Provide Clues

    If prices pull back into the $65,000–$75,000 area, it would fit the historical correction range and offer a test of market structure. Traders and investors will be watching liquidity, derivatives flows, and how quickly spot buyers step in after any sharp declines. Patience has paid off before; the largest gains came after extended calm, not right after the low was printed.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • 5,606 Bitcoin: Lightning Network Sets Fresh Capacity Record

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    Lightning Network capacity hit a new high this week as major exchanges put more Bitcoin into off-chain channels, boosting the network’s total liquidity and changing how users move BTC.

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    Exchange Support Drives Capacity

    According to reports, the Lightning Network’s public capacity climbed to about 5,606 BTC, with some trackers briefly showing a peak near 5,637 BTC. That is a clear uptick from earlier levels and marks the highest recorded total so far.

    Exchanges including Binance and OKX have been named as contributors that added Bitcoin to Lightning channels, and other platforms such as Kraken and Bitfinex are expanding their support as well. These deposits are aimed at speeding up deposits and withdrawals and cutting fees for customers.

    Network Activity Vs. Public Nodes

    Based on reports, that increase in capacity has not been matched by a big rise in the number of public nodes or channels. Public node counts sit near 14,940, while public channels are roughly 48,678.

    In other words, more Bitcoin is available inside the network, but the number of hands handling traffic has not jumped in the same way. Some of this extra liquidity is concentrated in larger, custodial channels run by exchanges, which can move big sums without creating many new public routes.

    BTCUSD now trading at $86,366. Chart: TradingView

    That makes on-chain metrics a bit harder to read. Transaction counts and on-chain fee savings do show real user benefits, even when the node graph looks stable.

    A separate figure that shows real usage is the share of exchange traffic routed over Lightning. Based on reports, one exchange has routed around 15% of its Bitcoin transactions via Lightning rails after adopting Lightning integrations, pointing to meaningful operational changes at major platforms.

    New Use Cases And Funding

    Funding and protocol work are following capacity growth. Tether led a round that raised about $8 million for a startup focused on payments over Lightning, indicating interest in stablecoin flows on the network.

    Protocol upgrades — including work around Taproot-related asset handling and reliability improvements — are also being rolled out to support more varied payments and token types. These developments point to Lightning being used for things beyond tiny tips: remittances, merchant payments, and stablecoin transfers are being tested more widely.

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    Market watchers say this mix of exchange liquidity, developer upgrades, and rising on-platform usage could make Lightning a more practical rail for everyday BTC movement.

    Some critics warn that heavier reliance on custodial channels raises centralization risks and reduces the visibility of true peer-to-peer routing. Others note that improved user experience, lower costs, and faster finality are what ordinary users will notice first.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Here’s Why Bitcoin’s Reaction To Fed Policy Turns Bearish After Each FOMC Update

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    The Bitcoin’s behavior around US Federal Reserve announcements has become one of the most consistent market patterns of the year. After every FOMC update, the world’s largest cryptocurrency has reacted with a noticeable downside move, underscoring how closely the asset is now tied to shifting interest-rate expectations and broader macro sentiment. 

    What Future FOMC Meetings Could Mean For Bitcoin

    In an X post, analyst CryptoMichNL has mentioned that the Federal Reserve (FED) is preparing to update the printer from 2021 liquidity settings toward a more supportive 2025 stance. However, this doesn’t mean it will have an immediate impact on the markets, as these things take time. As a result of the update, Bitcoin has dropped after every Federal Open Market Committee (FOMC) meeting in 2025, but these moves are primarily aimed at flushing out longs through high liquidations.

    According to the expert, the actual move on the markets and the direction should come in the next 1-2 weeks, which would give a better outlook going into 2026. The bullish trend has remained intact, and the thesis is still valid. However, BTC shouldn’t break the lows during the FOMC flush. Instead, it should break the $92,000 resistance zone to retest the $100,000 level.

    Bitcoin is still moving in a choppy pattern, driven by illiquid order books and fast moves in both directions. CryptoMichNL has also highlighted that BTC is still in for a new upward breakout in the coming days to weeks. Despite the volatility, BTC has continued to form higher lows, which is a clear sign that an upward structure is building.

    CryptoMichNL noted that, as the price doesn’t break down anymore, the heavy correction in the market was highly manipulated and not organic, which is very natural for the market to return to normal.

    Why Bitcoin Market Structure Remains Intact Despite Deep Pullback

    Bitcoin has not proven to be any different from the cycle. A full-time crypto trader and investor, Daan Crypto Trades, pointed out that the good initial bounce is right off the 0.382 Fibonacci retracement level, which is taken from the entire cycle move. Realistically, that was the lowest the price could go without breaking the broader weekly market structure.

    According to Daan, the invalidation is clearly the higher-timeframe outlook, and the November lows would become a very uncomfortable place for the bulls. As the year comes to an end, a lot of the 4-year cycle selling should also be diminishing. Meanwhile, Q1 2026 is shaping up to be extremely important as it will likely reveal where the BTC cycle will move next.

    Bitcoin

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    Godspower Owie

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  • American Bitcoin Makes Big Buy, Adds 416 BTC To Its Stack

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    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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    Christian Encila

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  • Bitcoin’s Market Structure Strengthens Despite Slower Trading Activity — Here’s Why

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    Despite a noticeable cooldown in trading volumes, Bitcoin’s underlying market structure has continued to strengthen. The price action has stabilized within a narrow range as long-term holders maintain firm conviction. As more BTC flows into cold storage and supply on exchanges tightens, the market is transitioning from hype-driven swings to steady structural support.

    How The Price Compression Builds Energy For A Larger Move

    CIO and founder of MNFund and MNCapital, CryptoMichNL, emphasized that Bitcoin shares a strong correlation with the Nasdaq. While Nasdaq continues to show steady resilience, BTC has stalled behind. This mismatch creates a mispricing and market divergence, which is why the path toward $100,000 remains wide open and why the 4-year cycle thesis doesn’t hold up.

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    Recently, BTC saw a massive correction, dropping from $115,000 to $80,000 in just two weeks. During that same liquidation period, what LVisserLabs calls the rotation between Pure Vol vs. Pure Profitability or Beta vs. Quality has fallen sharply. Beta here refers to high-volatility, high-beta stocks, which are essentially tech stocks that drive the markets. Meanwhile, Quality means more risk-off assets, including high-quality, profitable, and stable companies. 

    BTC exhibiting momentum for a rally | Source: Chart from CryptoMichNL

    Currently, BTC has stalled after the sell-off, and the Beta assets have recovered substantially, implying that the stocks have inverted their loss with the big drop and are now grinding upwards, signaling that risk-on appetite is clearly back. With this kind of structural divergence, it’s likely that in the coming weeks or months, BTC will grind upward to $110,000 and $115,000 levels, reversing the drop as the entire correction was a little dubious.

    CryptoMichNL advised that instead of relying on a time-based sounding the 4-year cycle assumption, it is better to focus on the charts and macro relationships that directly influence BTC price.

    On-Chain Activity Shows Clear Confidence From Big Money

    The ambassador of StandXOfficial and the KOL of Binance, who is also an advisor at KOLsAgency, Investor Ucan, has highlighted that the evidence of Bitcoin’s latest upward move is already on-chain. The last six hours have revealed a clear surge of institutional demand. On-chain data shows that Binance purchased 7,298 BTC, Coinbase bought 1,362 BTC, Wintermute bought 2,174 BTC, BlacRock bought 1,362 BTC, and an unknown whale bought 6,192 BTC. In total, 20,438 BTC were purchased in just six hours, valued at approximately $1.9 billion.

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    Ucan noted that the timing of this purchase is what stands out. These inflows hit the market hours before the Federal Reserve’s upcoming employment data was released. Institutional is clearly expecting a supportive outcome. A positive print refers to easing expectations and fresh liquidity on the horizon. Retail traders are reacting, and the institutions are anticipating early. If the Fed confirms what these flows imply, today’s buying won’t look like simple momentum, but preparation.

    Bitcoin
    BTC trading at $92,087 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Godspower Owie

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  • Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say

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    Bitcoin dropped sharply this month and is set to post one of its worst Novembers in years, leaving traders and fund managers weighing whether to buy or hold fire.

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    Based on reports, the token is down about 18% for November and was trading below $91,000 as markets quieted heading into the weekend.

    Market Cleansing Opens The Door For Buyers

    According to CoinGlass, this decline approaches the scale of losses seen in November 2019, when Bitcoin fell roughly 17%, and is far from the harsh 35% crash of November 2018.

    Reports have disclosed that some analysts view the drop as a market reset. Nick Ruck, research director at LVRG, said overleveraged positions and weak projects have been mostly cleared out, which could let longer-term holders add exposure at lower prices.

    Source: Coinglass

    Technical Levels Take Center Stage

    Traders are watching a pair of monthly-close levels closely. An analyst using the handle CrediBull Crypto identified $93,400 and $102,400 as the two most relevant thresholds.

    A close above $93,000 would be interpreted as a modest positive sign, the analyst said, while any monthly finish above $102,000 would be read as very bullish — though that may not happen until another month.

    Bitcoin changed hands around $91,450 in midweek trade, failing to break a resistance just under $92,000.

    Cycle Changes And Institutional Flows

    Based on reports from industry sources, some market watchers think the rhythm of rallies has shifted since the arrival of spot Bitcoin ETFs in early 2024.

    According to some analysts, institutional participation has altered the timing and breadth of moves. That has meant gains that once clustered at year-end can show up earlier.

    BTCUSD trading at $90,641 on the 24-hour chart: TradingView

    Market experts pointed out that November is usually a strong month for Bitcoin, and that a red November has often been followed by a red December in past years.

    A Stalemate Between Bulls And Bears

    Matrixport described the market as a rare zone of impasse where sentiment, positioning and macro cues are all converging. Reports noted that Bitcoin rebounded above $91.8K during Thanksgiving, but the move did little to resolve the split between bullish and bearish expectations.

    Liquidity has thinned, volatility has dropped, and requests for crash protection have faded. Glassnode added that realized losses have risen and futures markets are deleveraging, signs that short-term conviction is weak. That mix leaves the market stuck between a push toward $100K and a slide down to $80K.

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    Signs Point To A Big Move, Direction Unknown

    A bullish hammer reversal emerged when Bitcoin briefly touched the $80K area, giving some traders hope of a rally into the holiday season.

    Others say weak demand and thin liquidity could push prices lower before confidence returns. In either case, markets have been quietly positioning for a larger directional move, even if nobody can say for sure which way that move will go.

    For now, Bitcoin sits in a cautious in-between. Investors and traders will be watching the monthly close, liquidity measures and options flows for clues.

    The next clear signal could decide whether late buyers get rewarded — or whether sellers set a new range.

    Featured image from Gemini, chart from TradingView

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    Christian Encila

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  • Crypto Wins Big: Thailand Moves To A 0% Tax On Local Exchange Gains

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    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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    Christian Encila

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  • Selling Storm: Bitcoin Whales Could Drive Prices Down Further, Experts Warn

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    According to exchange data, inflows to trading venues topped 9,000 Bitcoin on Nov. 21 as prices slid to $80,600 on Coinbase — the weakest showing in seven months.

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    Reports show that about 45% of those deposits came in chunks of 100 BTC or more, and on one day large transfers reached 7,000 BTC.

    The average deposit size in November rose to 1.23 BTC, the largest monthly figure in a year. Those numbers point to more than casual rebalancing; they point to coins being moved where they can be sold.

    Binance Stablecoins Hit Record

    According to market coverage, Binance’s stablecoin holdings climbed to a record $51 billion. At the same time, BTC and Ether inflows to exchanges swelled to roughly $40 billion this week, with Binance and Coinbase leading the move.

    Traders often park funds in dollar-pegged tokens when they want to wait on the sidelines. That build-up means cash is available, but it is sitting idle until sellers either step back or buyers turn up again.

    Analysts Eye Further Pullback

    Some market watchers warn the recent recovery could be only a pause, flagging remaining margin positions and suggested a test of lower levels.

    They said a wick into the $70k–$80k zone would be one way to clear out the last pockets of exposure.

    10x Research put resistance levels at $92,000 and $101,000 as the key ranges to watch during any rebound.

    For context, Bitcoin had clawed back above $90,000 and was trading slightly higher at the time of reporting, but it remains down about 28% from the all-time high north of $126,000 reached in October.

    BTCUSD currently trading at $91,681. Chart: TradingView

    Short-Term Bounce, Not A Full Recovery

    Meanwhile, market moves in stocks and crypto have shown mixed signals. The S&P 500 and the Nasdaq were pushing gains as investors bet on a US Fed rate cut, and that helped risk assets.

    Yet reports from strategists show the usual close link between Bitcoin and the Nasdaq has weakened, with Bitcoin’s decline steeper in recent weeks.

    Ether and many altcoins also faced higher exchange inflows, and several tokens returned to bear-market lows as selling pressure widened.

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    What This Means Next

    Liquidity is present but it is parked in stablecoins, and big holders are still moving assets toward exchanges. A meaningful rally will likely need either heavy buying demand or a clear catalyst that draws those stablecoins back into risk assets.

    For now, the market sits in a waiting mode: a short rally could continue, but a deeper dip remains possible as positions get cleared and sellers complete their rotations.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin Dead Cat Bounce: Analyst Reveals What To Expect As Price Recovers

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    Bitcoin’s (BTC) latest upward move arrives at a time when confidence in the market remains uncertain, with many traders unsure whether the slight price recovery marks early strength or another temporary bounce. With last week’s pullback still fresh, a crypto analyst argues that most traders may label the recent recovery a dead cat bounce. However, he believes the narrative is misleading and predicts that Bitcoin’s rebound this week may be setting the stage for a stronger rally. 

    Why The Bitcoin Price Recovery Is Not A Dead Cat Bounce

    Market analyst and founder of The House of Crypto, Peter Anthony, has released a new technical analysis of Bitcoin that challenges the prevailing bearish sentiment among traders. In his post on X, Anthony stated that the repeated claims of a dead cat bounce are part of a recurring pattern that has appeared at multiple stages of previous Bitcoin price recoveries. 

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    He explained that market sentiments have swung so far into fear that many traders may have already locked in their worst losses just as the market began to recover. According to his analysis, last week’s BTC sell-off and price crash prompted many participants to exit their positions near the bottom. Now that the cryptocurrency is recovering, the analyst believes those same traders will hesitate to re-enter the market, convinced that the recent rebound is nothing more than a dead cat bounce. 

    In his chart, Anthony highlighted several instances in the past when similar skepticism emerged after Bitcoin continued trending higher following a downturn. The analyst expects this pessimistic behavior to persist, stating that traders may continue labeling every upward push a dead cat bounce until BTC reaches $100,000 and beyond. This suggests that investors might interpret each step higher as a warning sign that the price rally is only temporary and bound to fail. 

    Source: X

    While he believes the underlying trend is bullish, Anthony has acknowledged that a correction could still emerge as Bitcoin approaches previous highs. However, he reassures that the routine pullback would not negate the broader recovery underway. 

    The analyst’s report indicates that the dead cat bounce narrative will prove to be a false signal. He predicts that disbelief in the market will eventually give way to Fear of Missing Out (FOMO) once Bitcoin decisively moves above $115,000. At that point, Anthony forecasts that many traders who sold during the downturn will scramble to buy back in at higher levels, completing a cycle of selling low and buying high. 

    BTC Could Hit $115,000 Before Skeptics Turn Bullish

    In a follow-up post, Anthony issued a sharp critique of the emotional trading patterns and bearish sentiment dominating the crypto market. According to him, many of these traders who insist the Bitcoin rally has ended will continue to call every upward move a dead cat bounce, even as the price advances. 

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    By the time Bitcoin hits $115,000, the analyst expects investor sentiment to shift abruptly, triggering a late surge of bullishness from traders who had doubted the initial recovery. Anthony argues that these sudden changes in viewpoint will have little to do with careful analysis and everything to do with watching the chart move and reacting afterward. 

    Bitcoin price chart from Tradingview.com
    BTC continues moving above $87,000 | Source: BTCUSD on Tradingview.com

    Featured image created with Shedevrum, chart from Tradingview.com

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    Sandra White

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  • Financial Strategist Debunks Prediction That Bitcoin Price Will Reach $220,000 In 45 Days

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    A recent claim that the Bitcoin price could surge to $220,000 in just 45 days has drawn sharp criticism from a financial strategist. The analyst frames such ambitious forecasts as unrealistic and highly speculative. Considering the recent decline in the BTC market, if the projection is taken at face value without supporting data, it overlooks ongoing market trends, macroeconomic conditions, and potential investor risks. 

    Strategist Labels $220,000 Bitcoin Price Forecast “Nonsense”

    South Korean scientist YoungHoon Kim, who holds the world’s highest reported IQ of 276, recently predicted that Bitcoin could more than double its current price and reach $220,000 within 45 days. Based on this forecast, the BTC price is expected to surge by over 151% from current levels below $87,500, potentially reaching a new all-time high by mid-January 2026. 

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    With Bitcoin down more than 31% from its ATH above $126,000, the bold forecast came as a surprise to many crypto members. The founder of Black Swan Capitalist, Versan Aljarrah, in particular, criticized the projection, calling it “nonsense.” He described it as an example of the speculative behavior that has long characterized the crypto space. 

    Source: Chart from YoungHoon Kim on X

    Aljarrah argued that predictions like Kim’s, which lack the visible support of a technical analysis, are what transform the crypto space into a “circus.” He highlighted that Bitcoin maxis will often go to extreme lengths to sustain the hype, promoting narratives that keep the speculative bubble alive even when market fundamentals raise caution.

    The Black Swan Capitalist founder also disclosed that Bitcoin has historically functioned more as a tool for predators and bad actors. His statements suggest that Kim’s forecast oversimplifies the complexities of the crypto market and distracts investors and traders from the fundamental structural factors driving Bitcoin’s price.  

    Bitcoin Price Continues To Falter Amidst Bullish Forecasts

    The Bitcoin market remains at a crossroads, with analysts forecasting sharp upward moves despite choppy price action. Despite predictions of a potential rally, BTC’s recent performance paints a more cautious picture, as its price has fallen by more than 20% over the past month, according to CoinMarketCap. 

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    Crypto analyst Pepesso recently issued a bullish forecast, suggesting that Bitcoin may have hit its bottom and could potentially start a recovery toward levels between $126,000 and $160,000. However, broader market indicators, such as the Fear and Greed Index, point to extreme fear, suggesting investors remain highly uncertain about BTC’s near-term outlook. 

    Other analysts, like Gen Detector, have presented a more conservative outlook, predicting that Bitcoin could first stabilize around the $100,000 psychological level before its next bear wave begins. However, he has not ruled out the likelihood of further price corrections, highlighting the potential for BTC to revisit the $70,000 to $50,000 range before the next major bull run.

    Bitcoin
    BTC trading at $86,867 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pngtree, chart from Tradingview.com

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    Scott Matherson

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  • $2 Billion Gone In Minutes: Bitcoin Slide Shakes Crypto World

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    According to exchange and on-chain data, global crypto markets plunged Friday as prices slid and forced a widespread sell-off. Bitcoin fell under $83,000, while Ethereum traded below $2,800. The breakdown sent roughly $2 billion of positions into liquidation, knocking confidence and prompting quick losses across major tokens.

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    Heavy Liquidations Rock Traders

    Reports show more than 390,000 accounts were wiped out during the move. One single BTCUSD order on Hyperliquid stood out at $37 million, a sign of how fierce the selling became. Bitcoin bore the brunt: about $962 million of BTC positions were erased within 24 hours, with long bets making up nearly $931 million of that total. These figures underline how concentrated the damage was among those betting on higher prices.

    Source: Coinglass

    Long Positions Versus Shorts

    Long liquidations across the market approached $1.78 billion, while short liquidations were much smaller at close to $130 million. A rapid shift followed a strong US jobs report, which removed odds of a December rate cut and triggered roughly $450 million in liquidations in just two hours. That macro surprise appears to have fed directly into traders’ risk management systems.

    Options Expiry Raises Stakes

    Derivatives activity added pressure as more than $4.2 billion of crypto options were due to expire that day. Over 39,000 BTC options, valued near $3.4 billion, were on the docket. The longer-term put-call ratio sat at 0.52, but heavy recent put buying pushed the 24-hour ratio up to 1.36, signaling a burst of hedging.

    BTCUSD currently trading at $85,543. Chart: TradingView

    The so-called max pain level for Bitcoin was around $98,000, well above where spot trades were happening. Ether options also featured prominently, with more than 185,000 contracts worth close to $525 million set to lapse. ETH’s 24-hour put-call moved to 1.01 from 0.72, and the options market’s max pain rested near $3,200, above spot prices near $2,800.

    Altcoins Felt The Impact

    The rout spread fast. Solana dropped 11% to about $126, while XRP slid more than 8% to roughly $1.91. Other tokens that fell in the wave included ASTER, HYPE, TNSR, DOGE, and ZEC. Selling was broad, showing that the move was not limited to one market or sector.

    Whale Losses Highlight Risk

    On-chain monitors flagged big losses among sizable holders. PeckShieldAlert reported individual ETH liquidations in the range of almost $3 million to $6.50 million.

    Related Reading

    Lookonchain tracked a high-profile account, Machi, whose total paper losses topped $20 million and whose balance was reported at just $15,530 after the hits. Another large account, labeled the “Anti-CZ Whale,” also saw profits plunge on Hyperliquid.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin Shows A Clear Momentum Reset — Is A Trend Reversal Coming?

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    The dynamic landscape of the Bitcoin market is entering a full momentum reset, the kind that typically appears in the cooling phase between major trend cycles. After a period of decisive movements, the market now finds itself in a state where previous directional force has largely dissipated, allowing for a re-evaluation of its path.

    A Necessary Reset Before Bitcoin’s Next Big Push

    In an X post, Swissblock has mentioned that Bitcoin momentum is clearly in a reset phase, and the question now is how long until it flips. Historically, in late February to early April 2025, the bottom required roughly 7 weeks for a full momentum to reset. Moving further back to late June to late September 2024, the correction took close to 14 weeks for a full reset and consolidation before a clear trend emerged.

    Data shows that the current momentum reset has been underway for weeks, placing BTC right inside the window where past cycles have typically reached exhaustion. This zone historically marks the point where downside pressure weakens and the higher probability of a counter-trend move increases sharply.

    The crypto market is collapsing. An industry-leading commentary on the global capital markets, The Kobeissi Letter, revealed that on October 6th, just 45 days ago, Bitcoin touched an all-time high of $126,272, with the total crypto market capitalization reaching $2.5 trillion. However, everything changed on October 10th, when President Donald Trump threatened 100% tariffs on China, shifting the surface of the crypto market.

    This announcement triggered a chain reaction record of $19.2 billion in liquidations, the highest ever recorded in a single event, and BTC never truly recovered from the shock. Even when a trade deal between the US and China was reached on October 30th, the liquidation pressures only worsened. Since November 10th, BTC price action has moved into a literal straight line lower, with average daily liquidations approaching $1 billion. 

    Throughout this entire 45-day bear market, there has been an absence of bearish fundamental developments within the crypto space. Kobeissi concluded that this is a mechanical bear market driven by an excessive level of leverage and sporadic liquidations, claiming the market is efficient, and it will iron itself out.

    Will BTC Emerge Stronger From This Test?

    This current Bitcoin correction has now fallen perfectly in line with the previous major drawdowns of this cycle. A full-time crypto trader and investor, Daan Crypto Trades, highlighted that each of these corrections in the ongoing cycle has their own story, but this one is hitting the market the hardest.

    Though the 10/10 liquidation event didn’t just hit BTC, it obliterated altcoins. For most of this brutal BTC correction, equities and metals were making fresh all-time highs, further triggering the bearish condition of the crypto landscape.

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    Godspower Owie

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  • Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And Dogecoin Price Crash

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    Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index also continues to drop further in the red, which strengthens the case of where exactly the sell pressure is coming from.

    The Demographic Behind The Bitcoin, Ethereum, And Dogecoin Price Crash

    In an X post, crypto pundit Crypto Rover noted that the U.S. session has been the weakest trading session so far this month. The pundit further shared an accompanying chart, which showed that BTC has suffered a loss of around 12% in the U.S. session since the start of November, also leading to the Ethereum and Dogecoin crash. 

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    Meanwhile, the EU has had the second-weakest session after the U.S., with Bitcoin dropping around 12% in this session since the start of this month. The Asian session has been the least volatile, with BTC trading sideways, recording a drawdown of only about 2% since the start of November. Ethereum, Dogecoin, and altcoins have also been stable during the Asian trading session. 

    Source: Chart from Crypto Rover on X

    Crypto pundit Bossman also indicated that the U.S. was responsible for most of the sell pressure that is driving the Bitcoin, Ethereum, and Dogecoin crash. In an X post, he noted that every single American session is marked by relentless selling for hours. Meanwhile, the Asians wake up, buy it all back, and then the Americans wake up, and the selling begins again.

    Notably, the Bitcoin, Ethereum, and Dogecoin prices record increased volatility whenever the U.S. stock market opens, with market commentator Zerohedge attributing it to the ‘10 am slam’ by market algos. This indicates that institutional investors are heavily contributing to the market crash. This is evident in the significant outflows recorded by Bitcoin ETFs in recent times. These funds have recorded five daily net outflows over the last seven days, according to SoSoValue data.

    Coinbase BTC Premium Index In The Red

    CoinGlass data shows that the Coinbase Bitcoin premium index is in the red, further confirming that most of the sell pressure driving the BTC, Ethereum, and Dogecoin crash is coming from the U.S. Typically, a negative premium indicates that the BTC price on Coinbase is lower than the average global price, which signals weak demand from U.S. investors. 

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    Crypto researcher Kyle Soska noted that Bitcoin and Ethereum are roughly 10 days into a derisking event by U.S.-based entities, likely a combination of ETF users and large private, ultra-high-net-worth individuals. He further remarked that this places the market near the end of the selling episode based on historical data. 

    Soska opined that the first of a near-term bottom would be a mean reversion of the Coinbase-Binance spot discount from its current level of around -$110 back to a more normal level range of around $40. 

    At the time of writing, the Bitcoin price is trading at around $85,000, down over 6% in the last 24 hours, according to data from CoinMarketCap.

    Bitcoin
    BTC trading at $83,783 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Scott Matherson

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  • Crypto Carnage Continues — Tom Lee Exposes What’s Really Going On

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    The global crypto market pulled back to about $3.23 trillion on Monday, down close to a percent from recent levels, and signs of weakness were visible across most top tokens.

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    According to market trackers, investor mood is chilled — the Fear and Greed Index sits at 18, labeled extreme fear — and the average Relative Strength Index for major coins hovers near 41, a reading that leans toward oversold conditions.

    Bitcoin was trading around $95,400 while Ethereum hovered near $3,155, with many large-cap assets showing only small daily moves.

    Source: Alternative.me

    Tom Lee Issues Long-Term Take

    According to Tom Lee, BitMine chairman and an early Bitcoin bull at Fundstrat, the current pullback does not wipe out the potential for much larger gains down the road.

    Lee noted that Bitcoin rose roughly 100x from his first recommendation back in 2017, when the price was near $1,000, and he suggested Ethereum may be at the start of a similar long-term run.

    He cautioned that investors who benefited from past rallies had to endure extreme drops — some as deep as 75% — and said present volatility could be the market “discounting a massive future.”

    Short-Term Signals Point To Oversold Conditions

    Market technicians and on-chain analysts are pointing to clear short-term stress. The Fear and Greed Index at 18 is one headline figure. Average RSI readings near 41 imply more selling than buying momentum right now.

    Based on reports from CryptoQuant, Ether trading around $3,150 sits roughly $200 above the mean cost basis held by long-term accumulators — a level that could act as support if those holders remain patient.

    Bitcoin, by comparison, has pulled back about 20% from its recent peak, while Ethereum has fallen more than 30% from its high.

    Ether Holder Levels Close To Historic Peaks

    Ethereum’s path this year diverged from Bitcoin for a while: ETH topped out at $4,940 in August, while Bitcoin pushed to a peak above $126,000 in October.

    That gap left Ether lagging for months even as Bitcoin made fresh highs. Now, with ETH nearer to where long-term holders bought in, some analysts see a potential floor forming.

    BTCUSD now trading at $95,592. Chart: TradingView

    Reports have disclosed that these accumulators have been “patiently stacking,” and their cost positions matter for near-term price action.

    Altcoins Show Little Momentum

    Smaller large-cap coins are holding weaker ground. XRP was trading near $2.20, BNB around $932 and Solana close to $138, with most of last week’s gains fading.

    Other popular tokens — Tron, Dogecoin, Cardano, Chainlink, Hyperliquid and Zcash — are under light selling pressure and low net movement, suggesting market-wide caution rather than a single-asset sell-off.

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    Bigger Players, Liquidations And The Outlook

    Lee added that he expects signs of recovery and stability within six to eight weeks. He advised against using borrowed funds now, warning that forced sell-offs can accelerate losses.

    According to his remarks, aggressive positions designed to trigger liquidations by large firms can amplify price swings. He cautioned that some of the sharper moves may be tied to stress among big market makers.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • From Dotcom To Crypto: Veteran Analyst Says The Bull Run Isn’t Over

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    According to market reports, Bitcoin fell sharply this week and pushed the Crypto Fear & Greed Index down to 10, a level tied to extreme fear.

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    Investors and traders are asking whether this marks the bottom of the cycle or just another step lower in a run that has already seen a 25% correction.

    Extreme Fear Hits Crypto Markets

    Retail panic has been clear. Funding rates on some derivatives desks have turned negative, and newer entrants to the market are showing signs of stress.

    Based on reports, large parts of the investor base are worried. That worry is visible in price action and in sentiment gauges that sit at the lower end of their historical ranges.

    Some traders are posting bearish calls for attention. Others are quietly adding to positions.

    Veteran Analysts Push Back

    Ran Neuner, known for his market commentary and social media presence, pushed back against the idea that the pullback signals the end of the bull run.

    He pointed to past market cycles — 2001, 2008, 2017 and 2021 — and argued that bull markets usually end only after a real system failure or a collapse of belief.

    He used a blunt line on social media: “BULL MARKETS DON’T END LIKE THIS!”

    Neuner stressed that in previous eras, people either stopped trusting the entire sector or the financial system itself broke down. He said neither has happened now.

    BTCUSD currently trading at $95,353. Chart: TradingView

    CZ Tells Investors Not To Panic

    Changpeng Zhao, CEO of Binance, told investors that heavy reactions to dips are part of the trading rhythm.

    “Every dip, some people think it’s the end of time. Time continues,” he said, trying to calm jittery holders and traders.

    That sentiment has been echoed by other market figures who argue that corrections can be steep but still sit inside a longer, upward trend.

    No Major Systemic Break Found

    Reports have disclosed that some signs commonly tied to market endings are absent. Governments are reported to be exploring or adopting Bitcoin in various ways, and blockchains are being integrated by institutions in pilot projects, industry observers say.

    Related Reading

    Global stock markets remain near record highs and liquidity conditions are described by some commentators as supportive.

    One analyst even claimed that central banks cannot tighten further right now. Those are strong claims and they are not universally accepted, but they form the backbone of the bullish counterargument.

    At the time of writing, Bitcoin was trading at $95,301, down 6% in the last seven days, data from Coingecko shows.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Analyst Backs Bitcoin Rally To $174,000 If This Support Remains Intact – Details

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    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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    Semilore Faleti

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  • Bitcoin Market Top May Be In As Analyst Shares 1,064-Day Bull Cycle Pattern – Details

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    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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    Semilore Faleti

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  • Bitcoin Eyes New All-Time High As Analyst Sets $170K Target

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    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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    Christian Encila

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  • Bitcoin Drops Again After Failed Recovery — $100K Support Now in Focus

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    Bitcoin price failed to recover above $105,000. BTC is trimming gains and might could continue to move down if it trades below $101,200.

    • Bitcoin started a fresh decline after it failed to clear $105,500.
    • The price is trading below $105,000 and the 100 hourly Simple moving average.
    • There is a bearish trend line forming with resistance at $103,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
    • The pair might continue to move down if it settles below the $101,200 zone.

    Bitcoin Price Dips Further

    Bitcoin price failed to stay in a positive zone above the $105,500 pivot level. BTC bears remained active below $105,500 and pushed the price lower.

    The last swing high was formed at $107,400 before the price started a fresh decline. There was a drop below the $105,000 and $104,000 levels. The price dipped below the 61.8% Fib retracement level of the upward move from the $99,220 swing low to the $107,400 high.

    Bitcoin is now trading below $104,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $103,300 on the hourly chart of the BTC/USD pair.

    Source: BTCUSD on TradingView.com

    If the bulls attempt another recovery wave, the price could face resistance near the $102,500 level. The first key resistance is near the $103,250 level and the trend line. The next resistance could be $103,500. A close above the $103,500 resistance might send the price further higher. In the stated case, the price could rise and test the $105,000 resistance. Any more gains might send the price toward the $105,500 level. The next barrier for the bulls could be $106,800 and $107,000.

    More Losses In BTC?

    If Bitcoin fails to rise above the $103,500 resistance zone, it could start another decline. Immediate support is near the $101,200 level and the 76.4% Fib retracement level of the upward move from the $99,220 swing low to the $107,400 high. The first major support is near the $100,500 level.

    The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $96,500, below which BTC might accelerate lower in the near term.

    Technical indicators:

    Hourly MACD – The MACD is now gaining pace in the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

    Major Support Levels – $101,200, followed by $100,500.

    Major Resistance Levels – $103,250 and $103,500.

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    Aayush Jindal

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  • Ripple Exec Reveals Why The Bitcoin Price Is So High Now

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    Ripple’s Chief Technology Officer (CTO), David Schwartz, has provided a clear explanation for why the Bitcoin price remains so high, currently the most expensive cryptocurrency on the market. Notably, Schwartz’s statement had sparked new discussions across the crypto community. His remarks focused on how people view and use BTC in transactions, revealing a simple economic truth that helps explain the market’s continued confidence in the world’s leading cryptocurrency. 

    Ripple CTO Explains Logic Behind Elevated Bitcoin Price

    On Tuesday, Schwartz shared his thoughts on X, offering a simple but insightful explanation for Bitcoin’s current price strength. Responding to a community member’s question about why anyone would spend BTC given its potential for future appreciation, Schwartz explained that the reason lies in the asset’s perceived value and future expectations. 

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    According to the Ripple CTO, when individuals use Bitcoin to pay for goods or services, they are essentially realizing the full expected value of its future growth today. Rather than holding Bitcoin as a long-term investment and waiting for price gains, these users convert its potential into immediate utility. This behavior, he noted, reflects a broader belief in BTC’s enduring value and is one of the primary reasons why the cryptocurrency’s price remains so high. 

    Notably, Schwartz’s remarks followed a conversation that began when Jack Dorsey, co-founder of Square, a business technology company, announced that Bitcoin payments had gone live across the firm’s platforms. Dorsey revealed that Square customers can now pay for services and products using Bitcoin directly, and sellers can choose between multiple settlement options, including BTC-to-BTC, BTC-to-fiat, and fiat-to-BTC transactions. Funds received through Bitcoin payments will be automatically stored in a user’s Square wallet, with self-custody transfer limits of up to $15,000 per day or $50,000 per week. 

    Interestingly, the timing of Schwartz’s explanation comes a month after BTC reached a new all-time high of over $126,000. Compared to other digital assets, Bitcoin is the only cryptocurrency in the six-figure territory, even surpassing traditional investments like gold and major stock indices. While some analysts argue that Bitcoin is overvalued, many investors remain convinced that it could still climb significantly higher in the long term.

    Bitcoin Price Expected To Rise Even Higher 

    The Bitcoin price is currently sitting above the $100,000 level, but analysts believe it could rise even further. The leading cryptocurrency is hovering near $103,300, experiencing some volatility, which has triggered a nearly 2% dip in the past 24 hours amid whale capitulations. Crypto analyst Joe Francesco noted that Bitcoin had initially surged to $107,000 following a wave of optimism sparked by US President Donald Trump’s proposed $2,000 stimulus plan. 

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    Source: X

    However, the rally proved short-lived, as BTC fell a few days later. Despite the pullback, Francesco has described the cryptocurrency’s chart setup as positive, predicting that Bitcoin could soon break through $107,000, with the potential to reach $115,000 and even $120,000 if upward momentum continues. 

    Bitcoin price chart from Tradingview.com (Ripple exec)
    BTC price sees sharp recovery | Source: BTCUSD on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Sandra White

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