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Bitcoin is currently encountering new lows as rising geopolitical uncertainty has pushed the asset down to new depths. The current BTC spiral is leading the token to explore new lows in the process. At present, Bitcoin is sitting at $101K, after briefly dipping to $99K last night. What is Bitcoin’s true future amid the brewing economic uncertainty? Let’s find out. Also Read: Iran’s Sepah Hack Is a Wake-Up Call—Bitcoin Cannot Be Erased Bitcoin To Hit $160K? Source: Watcher.Guru The current geopolitical uncertainty is hitting global markets. The fact that the US has intervened in the Iran-Israel conflict has prompted major assets, including BTC, to adopt a cautious approach. However, per a notable cryptocurrency analyst, Dan Gambardello, Bitcoin is still poised to hit $160K. Per Gambardello’s Analysis , BTC is displaying an inverse head and shoulders pattern on its chart. The pattern generally indicates a possible reversal from a downtrend before assuming a notable ascent. Thi...

The creators of the crypto analytics firm Glassnode are warning that altcoins could lose all bullish momentum following last week’s market correction. Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 63,400 followers that “altcoin season,” which they say began in late November, could come to an abrupt end after alts witnessed deep pullbacks over the last seven days. According to the Glassnode co-founders, traders and investors will likely have a risk-off approach on altcoins unless Bitcoin recovers a key psychological price point. “Is This the End of Altcoin Season? Bitcoin dominance is surging after dipping below $100,000, while altcoins are losing critical supports. Dominance has risen and resumed its upward trend, signaling a stronger BTC environment. If BTC stabilizes above $100,00, we might see a pump in altcoins now in accumulation zones. Until then, Bitcoin appears poised to ...

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...