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Bitcoin
Crypto Trends

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

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In the past month, Bitcoin (BTC) prices have shown little growth with a range bound movement between $103,000 to $110,000. 

Since establishing a new all time high of $111,931 in late May, the premier cryptocurrency has witnessed significant levels of selling pressure forestalling further levels of price discovery. 

Amidst this current market set up, popular trader with X pseudonym Trader Tardigrade continues to back Bitcoin’s bullish potential with another compelling price prediction. 

Bitcoin Bull Run Far From Over – Analyst

In an X post on June 14, Trader Tardigrade shares a captivating analysis of the Bitcoin market hinting the flagship cryptocurrency still has room for more price gains based on historical price data. 

Using the BTC daily trading chart, Tardigrade notes the recent formation of a golden cross as the 50-day simple moving average (50SMA) crossed above the 200-day simple moving average (200SMA) amidst the asset’s recovery in the past two months. 

Source: Trader Tardigrade/X

For context, the golden cross is  one of the most common bullish formations that indicate extensive price rally ahead. It occurs when a short term moving average moves above long-term moving average indicating a potential shift from consolidation or downtrend into a strong uptrend.

Since 2023, the three instances of the 50/200 SMA golden cross have yielded substantial price gains to the tune of 49%, 125% and 68%. 

Going by this price history, Tardigrade postulates the most recent golden cross tips Bitcoin to hit a market price of at least $152,000 representing a potential 44.7% gain from present market prices in a worse case scenario. 

However, in bullish circumstances, the analyst predicts the premier cryptocurrency could trade as high as $229,000 which reflects a possible 118% price increase from the asset’s current valuation. 

Tardigrade explains the feasibility of these predictions noting Bitcoin’s recent uptrend which has produced an estimated 47% from April lows. Notably, Bitcoin’s prices have boosted by 656% since the present market cycle commenced in late 2022. 

Bitcoin Price Overview

At the time of writing, BTC is valued at $105,552 after a 0.20% gain in the past day. The flagship cryptocurrency also retains a green performance on longer timeframes with gains of 0.03% and 1.41% on the weekly and monthly charts. 

Despite these positive figures, Bitcoin’s recent price action has shown signs of fatigue, with narrowing profit margins reflecting a consolidation phase and sideways movement over the past week. 

However, this cooling momentum has not dampened investor appetite. Notably, the Bitcoin ETF market saw a strong rebound, registering net inflows of $1.37 billion last week,  after two consecutive weeks of total net outflows valued at  $286.81 million.

BTC crosses above $105,000 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP Hit by Short-Term Death Cross: What Comes Next?
NFT Gaming

XRP Hit by Short-Term Death Cross: What Comes Next?

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XRP, the fourth-largest cryptocurrency by market capitalization, has flashed a short-term signal that has traders on edge. A “death cross” recently appeared on the XRP hourly chart, indicating that the short-term moving average (typically the 50-SMA) has crossed below a longer-term moving average (the 200 SMA), a technical signal often associated with bearish momentum.

XRP/USD Hourly Chart, Courtesy: TradingView 

A death cross on shorter time frames, such as the hourly chart, often indicates near-term downside pressure, particularly if supported by volume and broader market weakness. Traders interpret an hourly death cross as a signal to watch for lower lows or possible retests of recent support levels.

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According to CoinMarketCap data, XRP’s 24-hour volume is down 41.52% to $2.55 billion. Friday’s market sell-off, which resulted in over $1.16 billion in liquidation, contributed to a decline in trading activity for various crypto assets, as traders sit on the sidelines awaiting the next big move.

What comes next?

The bearish technical pattern follows after XRP experienced four straight days of drop from June 10 to 13, driving prices lower. However, there may be some hope on the horizon. At the time of writing, XRP is showing signs of a mild rebound, up 1.79% in the last 24 hours, currently trading at $2.16.

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Another positivity is that the impact of a death cross signal on hourly charts is often short-lived compared to daily or weekly time frames. If buying momentum continues to build, the bearish setup might soon be invalidated.

In this scenario, if the price turns up sharply from its current level and breaks above the hourly SMA 50 and 200 at $2.16 and $2.22, it may continue its upside move, targeting $2.33 and $2.65 next.

The hourly RSI slightly above the 50 mid-point suggests potential short-term range-bound trading. Buyers are anticipated to actively defend the $2 support, as a breach and close below it may send XRP down to $1.61.



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XRP
NFT Gaming

Liquidity Levels Show XRP Price Is Headed Up, But Must Cross $2.40 First

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The XRP price appears to be approaching higher valuations as liquidity levels point to increasing buying pressure. According to a crypto market expert, this trend could set the stage for a potentially powerful rally. However, the altcoin must first break through the key resistance level at $2.40 to confirm a sustained move upwards.  

XRP Price Faces $2.4 Barrier Before Next Leg Up

XRP is currently displaying early signs of strong bullish momentum that could propel it to fresh highs. However, a crypto analyst on X (formerly Twitter), known as ‘CryptoInsightsuk,’ warns that a confirmed breakout in the XRP price will require a decisive move above the critical $2.4 resistance. 

One of the analyst’s price charts highlights that XRP is now testing a long-term descending trendline, which has consistently rejected previous upward attempts. CryptoInsightsuk notes that the token, which was trading around $2.28 at the time of the analysis, is struggling to hold above the $2.4 resistance level. The goal is to flip this crucial price point into support, as failure to do so could stall bullish momentum. 

Moving forward, XRP’s Relative Strength Index (RSI), located in the first price chart, is positioned near the neutral 51 mark, indicating a balanced momentum with possible room for further upside. While normal RSI remains evenhanded, its Stochastic RSI, situated at the bottom of the chart, has entered overbought territory. 

Source: CryptoInsightuk on X

The Stochastic RSI is currently above 80, which often signals a short-term cooldown or consolidation before another leg up. Despite the recent bounce, where XRP jumped from around $2.05 in January to approximately $2.8, the altcoin’s volume has remained relatively modest.

Notably, CryptoInsightsuk identifies $2.4 as the first real hurdle. A daily close above this threshold would signal the early stages of a potential trend reversal. However, the more substantial resistance remains at $2.6. Only a break above this level would fully confirm the bullish trend and potentially open the door to more aggressive upside targets. Until then, the pressure remains on bulls to sustain the altcoin’s momentum at this pivotal stage and push its price toward new breakout levels.

Liquidity Levels Signal Caution As Price Tests Resistance 

CryptoInsightsuk’s second XRP price chart reinforces his bullish outlook, offering a detailed look at the cryptocurrency’s liquidity levels and volume concentration. The analyst emphasized the importance of liquidity levels currently forming around the altcoin. These levels represent areas of strong market interest and typically serve as both resistance and potential magnets for price action. 

Notably, CryptoInsightsuk points out that liquidity can sometimes be left behind as price moves. Still, when it’s as dense and pronounced as it is now, it becomes a key factor in market behavior and future price movements. Despite XRP’s bullish structure, the analyst remains cautious, as strong liquidity nearby suggests that the area could become a trap if the price fails to break above it. 

XRP trading at $2.24 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP's Mini-Golden Cross to Turn into Death Cross
GameFi Guides

XRP’s Mini-Golden Cross to Turn into Death Cross

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Recent price movements for XRP are showing early indications of a possible trend reversal, but not the bullish one that investors had hoped for. The momentum has halted perilously near invalidation after momentarily forming what appeared to be the start of a mini-golden cross, in which the 50 EMA crosses above the 100 EMA. 

Now that XRP is trading at $2.24, down more than 1% from the previous session, the rally is waning. Although XRP is still above its 200 EMA at $2.09, the fact that it has not been able to hold above the 50 and 100 EMAs ($2.25) indicates that the bullish crossover may not fully occur. Without obvious bullish volume, the price may continue to vacillate between these levels, causing the EMAs to flatten or even reverse, preventing the golden cross from ever being confirmed. 

XRP/USDT Chart by TradingView

This could lead to a wider correction rather than just a technical error. Three levels should be closely monitored by XRP investors, including the area where the 100 and 50 EMAs are meeting. Bullish control is weakened by a daily close below this. The 200 EMA offers structural assistance; there would be strong selling pressure if there were to be a break below it. The amount of $2 serves as a psychological level.

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That bulls are out of steam is confirmed if this gives way. The network activity of XRP, particularly payments between accounts, is declining, according to on-chain data, which heightens the worry. A few days after reaching a peak of over one million transactions, the count fell sharply to 332,639 transactions on June 12.



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Death Cross Hints at Trap for XRP Bulls
GameFi Guides

Death Cross Hints at Trap for XRP Bulls

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There’s a new signal popping up on the XRP chart, and it’s not one that bulls will want to ignore. A “death cross” has just shown up on the daily time frame — with the 23-day moving average (green) crossing below the 50-day (blue) — which is a pattern traders usually link to a possible downside continuation or at least a weakening uptrend.

Right now, XRP is trading at about $2.21. While the asset has recovered a bit from last week’s drop to $2.07, it is still below both moving averages. The death cross itself doesn’t guarantee a drop, but it usually makes sellers cautious or at least puts bulls on the defensive — especially when it’s accompanied by hesitant price action.

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Taking a closer look at the candles, XRP’s recent bounce has not managed to return above the 50-day moving average, which is currently around $2.27. That level, along with the 23-day, is now acting as dual resistance. Unless XRP breaks above both with strong volume, there’s a real risk this bounce may get sold into.

Source: TradingView

What’s really interesting here is the context. This is not a sudden breakdown — the XRP price has been trending down for weeks. Each rally attempt has faded faster, while the volatility has stayed low.

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It feels like the market is waiting for something to trigger it, and the death cross might be that signal — just not the one the bulls are hoping for.

For short-term traders, the danger is in thinking the worst is over too soon. With the moving averages going down and the momentum still up in the air, going after green candles here might be a mistake. If it breaks out over $2.27, that will change things.

But until then, the death cross is a technical warning: Proceed with caution.



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XRP 'Death Cross' Forms on Hourly Chart, But Price Defies Odds
Crypto Trends

XRP ‘Death Cross’ Forms on Hourly Chart, But Price Defies Odds

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XRP, the fourth-largest cryptocurrency, surprised traders early Friday with a classic technical signal — a death cross appearing on its hourly chart — but the price defied the odds.

A death cross occurs when a short-term moving average, typically the daily SMA 50, crosses below a long-term one (the daily SMA 200), indicating potential bearish pressure. The death cross coincides with a sell-off spurred by fresh uncertainty on global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets.

XRP/USD Hourly Chart, Courtesy: TradingView

After four days of rising since May 31, XRP saw profit-taking after reaching highs of $2.28 on June 3 and concluded the Wednesday and Thursday trading sessions in the red.

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The drop reached $2.06 in the Thursday session, and instead of continuing lower, XRP changed course, catching bears off guard and staging a rebound. XRP has marked seven out of the last eight hours in green.

Bulls defending key levels

Although XRP was trading slightly lower at press time, down 0.67% in the last 24 hours to $2.18, it has largely recouped daily losses (it reached intraday lows of $2.08 in the early Friday session). XRP has also recovered weekly losses, rising 0.02% over the last seven days.

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The bounce suggests that bullish traders are still actively defending key support levels. While the hourly death cross may suggest caution in the short term, the swift rebound shows bulls are still in the picture.

The rebound corresponds with a 73.9% increase in trade volumes in the last 24 hours, reaching $3.5 billion, according to CoinMarketCap data.

Market observers are now focused on XRP’s ability to hold above its recovery levels and break higher. A decisive break above the hourly moving averages of 50 and 200 at $2.17 and $2.19 will be watched in the short term for XRP to advance its upward move.



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Bitcoin (BTC) Signals Mini-Death Cross, This Shiba Inu (SHIB) Signal Is Bullish, Dogecoin (DOGE) Sleeping
GameFi Guides

Bitcoin (BTC) Signals Mini-Death Cross, This Shiba Inu (SHIB) Signal Is Bullish, Dogecoin (DOGE) Sleeping

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  • Shiba Inu gets pushed
  • Dogecoin gets sluggish

With its price at $104,400 and obvious indications of market fatigue, Bitcoin is once again at a pivotal point. Even though the overall trend is still bullish, technical warning signs are beginning to appear during the current correction phase, and none are more concerning than the possible mini-death cross on the four-hour chart.

A mini-death cross happens when a short-term moving average, usually the 20 or 26 EMA, crosses below a longer-term one, such as the 50 EMA, on shorter time frames. It frequently serves as a momentum killer during local rallies, escalating bearish sentiment and setting off stop losses, even though it is less significant than a full-scale daily death cross. The bullish momentum of the past few weeks may be swiftly nullified if Bitcoin prints this cross in the upcoming sessions. 

BTC/USDT Chart by TradingView

When viewed on a daily basis, Bitcoin is positioned just above the 26 EMA (~$104,500), which has served as crucial short-term support. Bitcoin may plummet toward the next significant support zone, which is around $99,800, the psychological support and previous breakout level, if it falls below this level. If there is more of a decline, the 50 EMA at about $96,500 will be reached. A deeper correction down to the high $80,000 range where the 100 and 200 EMAs converge must be avoided if this level holds.

Moreover, volume has sharply decreased, indicating waning bullish sentiment. Indicating that the market may be moving into a distribution phase rather than a period of healthy consolidation, the RSI has fallen close to 50 and is teetering on the edge of the neutral-bearish zone.

Those who are interested in investing should keep a close eye on $104,000. There would be a higher chance of a short-term breakdown if the close fell below that. A swift bounce toward $107,000-$108,000 could occur; if bulls do not step up, the dreaded mini-death cross could become a self-fulfilling prophecy for them.

Shiba Inu gets pushed

Shiba Inu’s recent negative sentiment notwithstanding, the token may be displaying a faint but potentially potent bullish signal. SHIB, which is currently trading at $0.00001282, is hovering just above the annual low zone, a crucial support level that has traditionally served as a springboard for rapid reversals. As can be seen from the daily chart, SHIB has moved back to the lower edge of the accumulation zone that it had previously occupied this year.

The $0.0000125-$0.0000130 range has historically triggered relief rallies in late March and April. Although none of these attempts were able to surpass the 200 EMA, they all indicated that buyers were actively protecting the lower band of the range. The token may be approaching a condition that is ready for a rebound, as indicated by the RSI, which is at 39 — just above the oversold threshold.

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The fact that the volume is still modest but steady suggests that the sellside pressure is not yet strong enough to send SHIB plunging. Moreover, SHIB has escaped a complete breakdown despite its inability to reclaim the 50 and 100 EMA lines during the most recent bounce, indicating that some traders are still placing bets on consolidation rather than collapse. 

Bulls may be able to form a reversal pattern if they can maintain the current level for a few more sessions and recover the $0.0000135 resistance. A retest of the $0.0000157 resistance and a bounce off this annual low support would be the most bullish scenario. The present bearish structure would be rendered invalid, and a wider rally might be sparked by a clear break above that level.  

Dogecoin gets sluggish

As the meme coin tries to recover from its most recent local peak, Dogecoin has entered a period of noticeable sluggishness in both price action and volume. As of right now, DOGE is trading at about $0.19 and does not seem to be breaking out to higher levels or falling off a cliff. This sideways movement over the last few days is the most obvious indication of DOGE sleeping.

Although the price is currently circling the support zone between $0.18 and $0.19 and has flattened just above the 100 EMA (blue), there is not any immediate sign of a significant reversal or continuation of any previous trend. The relative strength index (RSI), which indicates neutral-to-bearish sentiment, centers on the 39 mark.

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A decline in trading volume, on the other hand, indicates a lack of active market participation, which is a well-known indication of both bulls and bears’ indifference or uncertainty. The 50 EMA or orange line is a crucial technical level to keep an eye on because it serves as dynamic resistance and is presently situated just above the price. In order to rouse bullish momentum and wake up from its slumber, DOGE would need to make a clear breakout above this level — ideally accompanied by strong volume confirmation.

In the interim, the path of least resistance is sideways, if not slightly downward. Because of its lack of direction and volatility, Dogecoin appears to be in either accumulation or apathy mode, which can both lead to significant movements but also tends to lull investors into complacency.



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Bitcoin: Entity-adjusted realized profits. (Glassnode)
NFT Gaming

Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly Cashouts Top $500M

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Bitcoin

holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago.

BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin’s price hit a record high above $111,000, according to CoinDesk data.

Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode.

“Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking activity,” Glassnode said on X on Tuesday.

The entity-adjusted realized profit represents the total USD profit of all coins that have been moved onchain, where the price at their last movement is lower than the latest transaction price.

Bitcoin: Entity-adjusted realized profits. (Glassnode)

The chart shows the profit-taking activity has steadily increased since the second half of May, topping the $500 million mark several times. That’s the most intense profit taking operation since early February.

Other metrics, such as the entity-adjusted spent output profit ratio (SOPR), suggest the same. SOPR tracks the profit level of all moved coins during a given period. It’s entity-adjusted version discards transactions between addresses of the same entity, providing a reliable indicator of real economic activity.

“The recent ATH breakout has led to a notable uptick in profits locked in, with the average coin capturing a +16% profit. Fewer than 8% of trading days have been more profitable for investors, suggesting a meaningful transition into profit-taking activity is underway,” Glassnode said in its weekly report.

The report added that profit-taking is still not as intense as seen during prior major price-topping patterns.

As of writing, BTC changed hands at $105,600 amid reports of President Donald Trump’s Truth Social platform moving a step closer to offering a bitcoin exchange-traded fund to everyday investors.



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Altcoin
NFT Gaming

Altcoin Market Cap Flashes A Bullish Cross – Is The Next Altseason Brewing?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin continues to dominate a major part of the broader crypto market over altcoins as the flagship asset displays strength and resilience, indicated by its notable price performance above the $100,000 mark. However, these non-BTC assets seem primed to make waves once again as the alt market cap makes a crucial move, hinting at a bullish reversal.

An Impending Shift Toward The Upside For Altcoins 

After a period of sideways movements, altcoins appear to be gearing up for a positive move. Presently, alts are glimmering with newfound optimism as the general market cap of altcoins makes a key bullish cross, suggesting a potential rebound.

Ted Pillows, a seasoned market expert and investor, spotted the cross following his examination of alts market cap on the daily time frame chart. The cross identified by the market expert is a Golden Cross, which is an indication of growing upside momentum.

A Golden Cross typically unfolds when a short-term moving average crosses over a long-term moving average. Furthermore, it is a technical signal that suggests a possible shift in market trend, particularly from a negative to a positive trend. 

Source: Ted Pillows on X

With the golden cross appearing on the alt market cap, a signal often considered as a potential catalyst for significant price gains, it implies robust resilience from the non-BTC assets during a period of bearish pressure. The emergence of the cross is likely to usher in a fresh wave of rallies for altcoins as they begin to show strength for an upward move.

While a golden cross has emerged, Pillows highlighted that alt market cap has been consolidating above the 50 and 200 Exponential Moving Average (EMA) since May. A consolidation above these EMAs may seem worrying, but it is usually considered a signal for underlying strength that could materialize into a notable upside move in the near future.

According to the expert, alts would witness remarkable bullish movements once this posture starts to move upward, which implies that the ongoing consolidation phase is just a calm before the storm.

Altseason Becoming Highly Probable

As the alt market cap makes a golden cross, this further increases the possibility of an impending altcoin season. On-chain expert and verified author Joao Wedson previously revealed that the market is entering a period where many alts are no longer following Bitcoin’s path. 

This decoupling from Bitcoin’s price trajectory seems to have increased the likelihood of an altseason as the expert foresees a bullish phase for the assets. Despite BTC hovering near record highs, Wedson noted that most alts have little room left to drop, except for some of the top market-cap coins.

 Such a development typically indicates a phase where capital starts shifting into non-BTC assets. Thus far, Wedon has warned investors about holding BTC and stablecoins during this period as he claims that an altcoin season is inevitable this cycle.

Total market cap excluding BTC at $1.17 trillion | Source: TOTAL2 on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP Death Cross Adds New Twist to Recovery Potential
GameFi Guides

XRP Death Cross Adds New Twist to Recovery Potential

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XRP has, in the last seven days, been on a steady downward slope, losing 8.22% in price value. XRP slipped from $2.34 to test the $2.10 support in an apparent continuation of the death cross it slipped into days ago. XRP’s nine-day Simple Moving Average (SMA) has crossed below the longer-term 21-day SMA.

XRP death cross signals trouble, but volume suggests interest

The death cross is generally considered a bearish signal and could have triggered the crashing price of XRP. However, it is not a guaranteed sign that the coin would remain on a downward trajectory, as market sentiment could trigger a reversal.

XRP Price Chart. Source: TradingView via CoinMarketCap

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Interestingly, despite the technical indicator with XRP, market participants remain active as trading volume has recorded a significant spike. There has been an 11.72% increase in volume, jumping to $2.01 billion.

Meanwhile, as of press time, the price of XRP was changing hands at $2.15, representing a slight recovery of 0.79% in the last 24 hours.

Technical indicators suggest that if XRP can climb to the critical support of $2.20, the coin might rise above $2.45 soon. The current setup shows increased trading volume, which could indicate increased buyer interest and support a reversal.

The current 9-day SMA and 21-day SMA indicate a short-term bearishness that could quickly reverse if the trading volume and other metrics remain stable. However, if XRP fails to hold above $2.10, it could lead to a further decline.

$3 psychological level still in focus

In the meantime, David Schwartz, Ripple’s CTO, caused a stir in the XRP community with a cryptic post on X. 

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The message has sparked bullish sentiment among traders and investors, as some speculate that this could be a future price prediction.

How the XRP price might react in the coming days remains to be seen. Notably, the $3 price level remains a psychological level at which the coin can move upward.



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