Chain News Daily Official TheBitTimes.com

With Bitcoin (BTC) reclaiming the $120,000 support, the asset’s long-term price structure signals the potential for a breakout toward $200,000 in the coming months. This possibility was shared by popular cryptocurrency analyst TradingShot , who noted that Bitcoin has extended its rebound from the 50-week moving average (MA), recently reinforced by a short-term bounce on the daily MA50. In an August 12 TradingView post, the analyst noted that this renewed momentum shifts the technical focus back to the macro trend, where the next significant hurdle lies at the 0.5 Fibonacci retracement level, the midpoint of the ascending channel that has guided Bitcoin’s price action since late 2017. Bitcoin price analysis chart. Source: TradingView Historically, this 0.5 Fib level has been a formidable resistance zone, last rejecting Bitcoin on December 16, 2024, and acting as a ceiling since May 2022.  Despite this, previous cycle tops have not only broken above the 0.5 ...

Ripple’s XRP is one asset that has seen immense growth, particularly this year. The altcoin broke several levels of resistance and recorded new seven-year peaks. Throughout the past year, the asset went from trading at a low of $0.3911 all the way to a high of $0.3911. This comes after a 259% uptick during this period. While the asset did not reclaim its all-time high, the community is certain that it will over the next few months. Also Read: Cronos Jumps 7.51% to $0.113: Will CRO Keep Rising in April? A Look At XRP’s All-Time High Source: Bitcoin Block At the time of writing, XRP was trading at $2.22. Over the past 24 hours, the entire cryptocurrency market was experiencing bloodshed. Ripple’s cryptocurrency did not hold back as it dipped by nearly 6% during this time. XRP hit an all-time high of $3.84 about seven years ago in 2018. The asset is currently trading 42% below this peak. Source: CoinMarketCap Also Read: GTA 6 Investment: $265M to $7.7B—Can GTA 6’s $2 Bill...

Shiba Inu started 2025 on the back foot and is attracting bearish sentiments in the charts. It had surged around 180% last year when Trump reclaimed the White House in November. SHIB had reached a high of $0.00003284 in December last year but faced a price reversal thereon. Also Read: Shiba Inu: SHIB Valentine’s Day Price Prediction Source: Coingecko Its price fell from $0.00003284 to $0.00001597 in just two months wiping away investors’ money in a jiffy. In the last two months, Shiba Inu had little to no price spurts despite Bitcoin hovering around the $96,000 to $100,000 mark. The broader cryptocurrency market has overall remained on the front foot this year except for SHIB. Also Read: Bitcoin: Goldman Sachs Increases BTC ETF Holdings By 121% Shiba Inu: A 25% Decline This Year Source: Watcher Guru Shiba Inu has declined 25% year-to-date with investors taking heavy losses since January. Traders who took an entry position this year are all facing massive losses in 2025. The buying...

Chainlink (LINK) outperforms the top 10 crypto projects by market cap. LINK is green across the board, while other cryptocurrencies, such as Solana (SOL) and XRP, are in the red zone. The asset is up 1.4% in the daily charts, 21.6% in the weekly charts, 64.6% in the 14-day charts, and 120.3% over the previous month. LINK’s price has also risen by 106.3% since December 2023. Source: CoinGecko Also Read: Bullish Prediction Puts Dogecoin’s Price at $1.48 Why Is Chainlink Rallying? LINK has witnessed an increase in whale purchases. According to LookOnChain, a whale wallet spent $4.94 million to buy 175,424 coins on Dec. 12, 2024. LINK’s price breached the $30 mark earlier today. Open interest in the project hit a high of $860 million. Whales are buying $LINK! A whale spent 1,263 $ETH($4.94M) to buy 175,424 $LINK at $28.18 in the past 5 hours.https://t.co/Wa5PUg1WpY pic.twitter.com/LoRKxcNjys — Lookonchain (@lookonchain) December 12, 2024 Also Read: 48-Hour Ultimatum: SEC’s...

In what has been a monumental show of strength for the leading crypto, Bitcoin (BTC) has officially climbed above $85,000 while setting a new all-time high. The token has continually outperformed landmark records that it began setting in March in what is one of its most impressive bull runs of all time. Yet, many are asking why the asset is up more than 5% in the last 24 hours. The 2024 presidential election of Donald Trump remains a premiere reason for Bitcoin’s overwhelmingly positive sentiment. Indeed, Trump represents what is the most pro-crypto president-elect in the nation’s history. Therefore, the tide is certainly changing on who is investing in the token and its potential entering the new year. BREAKING: #Bitcoin reaches new all-time high of $85,000 pic.twitter.com/6kKMdYVbef — Watcher.Guru (@WatcherGuru) November 11, 2024 Also Read: Bitcoin: Microstrategy’s ROI Hits 100%, Should You Buy MSTR? Bitcoin Keeps Setting Records: Why it Broke an All-Time High Yet Ag...

The cryptocurrency market is picking up, with Bitcoin (BTC) reclaiming the $72,000 mark. While other mainstream assets follow BTC’s trajectory, VeChain (VET) seems to struggle to gain momentum. Source: CoinGecko VET’s price is down 0.8% in the daily charts, 2% in the weekly charts, 3.1% in the 14-day charts, and 12.4% over the previous month. Despite the dip, however, it has been up 17.1% since late October 2024. Also Read: Shiba Inu: By When Can You Turn $1000 Of SHIB To $500,000? Why Is VeChain Struggling While Bitcoin Is Rallying? VET investors may be looking at other opportunities to make profits. Based on the upcoming US Presidential election, BTC’s latest rally is likely fuelled by market participants taking positions. Many predict a market-wide rally if Donald Trump wins the election, with BTC taking center stage. Market participants and investors may be weary about VET’s future performance and uncertain about how the asset will perform over the next few m...

Widely followed crypto analyst Ali Martinez says that one historically accurate signal is once again flashing bullish for Ethereum (ETH). Martinez tells his 74,000 followers on the social media platform X that ETH may soar to new all-time highs (ATHs) after retesting the lower bound of an upward channel on the weekly timeframe. “Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for Ethereum. If this pattern holds, a similar move could push ETH to $6,000 – provided the key $2,300 support level stays intact.” Source: Ali Martinez/X Ethereum is trading for $2,593 at time of writing, down more than 1% in the last 24 hours. Next up, the analyst says that Bitcoin (BTC) may be gearing up for an explosive rally after breaking out of the 200-day moving average. “The last three times Bitcoin broke above the 200-day moving average, we saw parabolic bull runs! Now, BTC is attempting to break throug...