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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 ...

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Donald Trump took the market by storm in January 2025, when the US president launched his own meme coin in the market. Trump (TRUMP) coin since then has gathered quite a popular stance in the market, cruising through the market by documenting the regular highs and lows of the domain. That being said, Melania Trump had also launched her own meme token, MELANIA, which ended up giving stiff competition to the Trump coin. Will both the tokens be able to note a new price high in March 2025? Also Read: Ripple (XRP) Announces Major Partnership Deal With South Korea The President’s Meme Coin Forecast for March Source: Bitcoinist The Trump (TRUMP) coin was launched in January 2025, before the official inauguration of Donald Trump as the president of the United States. The token was launched a few hours ago at his oath ceremony, sparking a widespread price rally for the token to bask in. Soon after the launch, the token managed to sit at a new high of $40, but since then has declined dramat...