Tag:

Suggests

bitcoin
GameFi Guides

Bitcoin Entering Price Discovery? Golden Ratio Multiplier Suggests $130,000 Ahead

by admin


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

Bitcoin (BTC) appears to be gearing up for another price discovery phase. The leading digital asset by market capitalization has gained an impressive 17.4% over the past month, setting a new all-time high (ATH) of $111,980 on May 22.

Bitcoin Ready To Enter Price Discovery Mode?

According to a recent X post by crypto analyst Titan of Crypto, BTC may soon enter price discovery mode once again. The analyst shared the following daily chart indicating that Bitcoin is targeting the blue line of the Golden Ratio Multiplier, with a potential price target of $130,000.

Source: Titan of Crypto on X

For the uninitiated, the Golden Ratio Multiplier is a Bitcoin price model that applies Fibonacci multiples – such as 1.6, 2, 3, 5 – to the 350-day moving average to identify potential resistance and support levels during market cycles. The indicator helps visualize when Bitcoin is overbought or undervalued relative to its long-term trend.

On a broader time frame, BTC also seems to be following a Fibonacci Extension pattern, with the next major resistance projected at $135,000. Interestingly, Bitcoin followed a similar pattern in November 2025, which was followed by the creation of multiple new ATHs.

Source: Titan of Crypto on X

In a separate X post, fellow crypto analyst Jelle noted an interesting observation. Despite BTC trading near its ATH, funding rates on major crypto exchanges – such as Binance, OKX, and Bybit – remain in negative territory.

Negative funding rates imply that a majority of traders are betting against BTC, expecting a short-term pullback. However, if the price continues its bullish trajectory, it could trigger a wave of short liquidations, potentially propelling Bitcoin to even higher levels.

Analyst Ted Pillows has also weighed in, predicting that BTC may reach $130,000 as early as July 2025. His projection aligns with the ongoing bullish sentiment supported by technical indicators and institutional interest.

Some Signs Of Caution

While the bullish momentum continues, some analysts urge caution. Veteran Bitcoin enthusiast Willy Woo recently noted that the ‘Structure Shift’ signal is beginning to show early signs of a bearish pivot. Woo pointed out that capital inflows into the Bitcoin network have remained ‘very flat’ over the past three days.

Woo warned that if BTC fails to establish new highs soon, it could lead to bearish divergences forming on long-term charts. Nevertheless, he emphasized that the broader outlook remains optimistic, with a possible upside target of $114,000 if Bitcoin maintains its upward momentum.

Adding to the positive outlook, Pillows also forecasted that BTC could hit $120,000 in the coming months, suggesting the asset is in the final phase of the Wyckoff Accumulation pattern. At press time, BTC trades at $109,491, up 0.1% in the past 24 hours.

BTC trades at $109,491 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from X and 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitcoin
NFT Gaming

Bitcoin Cup-And-Handle Pattern Suggests Bull Target Remains At $300,000

by admin


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

Popular market analyst Gert Van Lagen has audaciously backed Bitcoin (BTC) to hit the $300,000 price mark amid the current bull run. Van Lagen’s prediction comes a few days after establishing a new all-time high at $111,970, signaling a strong bullish intent to maintain the current price uptrend 

Over the past week, the premier cryptocurrency registered a modest price gain of 5.35% as news of US President Donald Trump recommending a 50% tariff on imports from the European Union (EU) forced a slight price retracement.

Bitcoin Possible Exponential Growth Projects Rally To $300K

In an X post on May 24, Gert Van Lagen shares that BTC price action since the last cycle in 2021 has resulted in a cup-and-handle formation, suggesting the digital asset is on the edge of a major price breakout.

For context, the cup-and-handle represents a major bullish continuation pattern that indicates a potential upward breakout. In Bitcoin’s case, the cup forms between late 2021 and early 2024, as price action created a rounded bottom, reflecting a decline from a former all-time high around $69,000, followed by a period of stabilization and recovery, culminating in a return to that key level.

After attaining this prior high, price movement pulled back, forming a downward or sideways channel known as the handle, setting the stage for a price breakout. This is well reflected in Bitcoin’s price action from early 2024 to Q3 2024.

Source: @GertvanLagen on X

Notably, Bitcoin has since achieved this breakout from the cup-and-handle formation by crossing the critical market resistance at $69,000. Based on linear calculations, Gert Van Lagen explains the flagship cryptocurrency is expected to hit a price target of $120,000-$130,000 — a projection now within Bitcoin’s reach, considering the current market momentum. 

However, Van Lagen also notes that the cup-and-handle pattern also points to an exponential price target of $300,000. Historically, BTC has previously achieved such logarithmic targets with gains of 100x from 2013-2017, and 21x from 2018-2021. 

Furthermore, the new weight of institutional capital, especially following the approval of spot Bitcoin ETFs in 2024 supports this bullish outlook. However, while this institutional participation signals long-term confidence, it also reflects BTC’s maturation. Now a $2 trillion asset, Bitcoin’s sheer size may make parabolic moves less frequent, even though crypto market volatility still leaves the potential for significant upside.

BTC Price Overview

At the time of writing, Bitcoin trades at $107,794 following a minor 0.64% gain in the past day. On the monthly chart, the premier cryptocurrency reports gains of 16.25% as the bull market persists.

BTC trading at $107,741 on the daily chart | Source: BTCUSDT chart 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
ethereum
GameFi Guides

Ethereum SOPR Signals Strength, Suggests More Upside Ahead

by admin


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

Amid a general crypto market uptrend, Ethereum (ETH) has registered a significant price gain over the past months. Since Bitcoin embarked on a market rebound in early April, ETH has followed suit, with its trading price increasing by over 80%. In more bullish developments, popular crypto analyst Burak Kesmeci has noted a positive on-chain event that signals a further price appreciation ahead.

Ethereum SOPR Holds Above 1 – What Does This Mean? 

In an X post on May 24, Kesmeci provides a bullish Ethereum price prediction based on the asset’s Spent Output Profit Ratio (SOPR), which currently signals a positive investor sentiment. The SOPR is calculated by dividing the selling price of tokens by their acquisition price. A value above 1 indicates that the ETH being sold, are on average in profit, while a value below 1 suggests that investors are realizing losses.

Therefore, a sustained movement above this threshold signals a strong market confidence that can induce major bullish price developments as Ethereum sellers are operating from a position of strength with the lack of pressure that would have been present in a declining market.

Source: @burak_kesmeci on X

Burak Kesmeci notes that Ethereum’s SOPR has continuously fluctuated around the neutral 1.0 mark in 2025, reflecting the period of market uncertainty. However, following the reignition of the crypto bull market, this on-chain metric has achieved consistent positioning above 1.0, suggesting a shift in market dynamics. 

Importantly, Kesmeci states that this development indicates that Ethereum’s recent uptrend is “healthy and sustainable”. This can be attributed to the fact that investors are distributing their tokens at higher prices, allowing the market to witness strategic profit-taking rather than panic selling. 

Presently, Ethereum’s SOPR stands at 1.02. If investors’ market activity can increase or sustain this value, Kesmeci backs the prominent altcoin to maintain an upward trajectory for the near future.

Ethereum Price Overview

At the time of writing, Ethereum is valued at $2,523 following a slight price decline of 0.60% in the past 24 hours. Meanwhile, the altcoin remains profitable on larger time frames with gains of 2.20% and 42.96% on the weekly and monthly time frames, respectively.

Currently, Ethereum faces its next major resistance at the $2,700 level, a price zone that has acted as a rejection point twice in the past three weeks. A decisive breakout above this resistance would reinforce the bullish momentum, providing more bullish fuel for a potential retest of the $4,000 region, which is a critical price level in the present market cycle.

ETH trading at $2,513 on the daily chart | Source: ETHUSDT chart 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Seagate
Product Reviews

Seagate suggests AI is causing a carbon crisis for the industry

by admin



Just like cryptocurrency put a new strain on the GPU market, AI is starting to push into the demands of data storage companies. Recently, at Computex 2025, Seagate came forward with a panel showcasing new developments for the upcoming year. According to Digitimes, Seagate also used the opportunity to express growing concern about the impact AI is having on the tech industry and potentially developing into what they describe as a “carbon crisis”.

Seagate also provided some figures for those interested in exactly how big the impact appears to be. It claims the hard drive industry as a whole is only able to create 1 to 2 zettabytes of storage each year, with 1 zettabyte being the equivalent of 1 trillion GB. However, this is only a small portion of how much data is expected to be created.

Digitimes explained how Seagate surveyed 1,000 IT professionals, 72% of whom are planning to use or are already using artificial intelligence in their respective fields. 90% of those who claim to currently use AI also believe that data storage is critical for improving the performance of AI. Seeing the rising demand, Seagate responded with research and found that HDDs have lower carbon footprints than your typical SSD.


You may like

As such, Seagate had a demo set up at its booth showing off prototype hard drives. The demo featured hard drives fixed up with NVMe interfaces. They connected directly to Nvidia GPUs using data processing units (DPU). This represents just one of many potential avenues that can be taken to change how storage is handled for data centers and more, potentially making systems easier to manage.

It’s hard to tell exactly how things will shake out in the world of data storage, but there’s definitely change on the horizon. As demands increase for lower carbon footprints, data centers will need to respond in a way to meet legal requirements while also providing the hardware support needed to cater to growing AI demands.

Follow Tom’s Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.



Source link

0 comments
0 FacebookTwitterPinterestEmail
bitcoin
GameFi Guides

Bitcoin Breakout Imminent? Binance Taker Activity Suggests Bullish Continuation

by admin


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

Bitcoin (BTC) may still have room to run, as recent Binance taker data points to another short-term bullish setup for the leading cryptocurrency. Notably, BTC has surged 23.8% over the past month and is currently trading about 4% below its all-time high (ATH).

Another Bitcoin Breakout On The Horizon?

In a recent CryptoQuant Quicktake post, analyst Crazzyblockk suggested that Bitcoin could be poised for another rally based on the custom Binance Taker Buy-Sell Ratio Momentum Signal. The analyst shared multiple indicators that suggest BTC may soon break through its previous ATH.

Source: CryptoQuant

The first key insight is that both weekly and monthly buy-side taker volumes have seen a significant uptick. This spike signals aggressive buying behavior from market participants willing to execute trades at market price, often a strong sign of growing demand.

Related Reading: Bitcoin Poised For $120,000 Rally As Wyckoff Accumulation Hits Final Phase, Analyst Says

For the uninitiated, the buy-sell taker volume refers to the amount of BTC bought or sold by takers – traders who place market orders that are immediately matched with existing limit orders. A higher buy-side taker volume indicates aggressive buying behavior, often signaling bullish market sentiment.

Another critical metric is Bitcoin’s 30-day Z-score, which is currently hovering around 1. This indicates neutral market behavior – well below the overheated threshold of 3 – suggesting that buyer dominance is sustainable and not yet stretched thin.

To explain, Bitcoin’s 30-day Z-score measures how far the current value of a metric – like trading volume or price – deviates from its 30-day average, in terms of standard deviations. A Z-score around 0–1 indicates neutral or typical activity, while values above 3 suggest an overheated or extreme market condition.

The analyst also pointed out that BTC’s weekly price volatility is at its lowest in months. Historically, such low-volatility periods tend to precede significant price movements. Given the current buy-side dominance, the likely breakout direction appears to be upward.

Finally, Crazzyblockk stated that the intraday taker buy-sell imbalance is currently favoring buyers. The CryptoQuant contributor added:

Despite total volume being matched between bids and asks, aggressive taker behavior is skewed toward buys, signaling a clear dominance in execution intent. This imbalance is key for short-term momentum.

In summary, taker behavior data on Binance clearly shows bulls are in control. As long as this pattern holds, a short-term upside continuation remains the most probable scenario.

Analysts Share BTC Targets

As Bitcoin inches closer to its January ATH of $108,786, crypto analysts are weighing in with new cycle targets. For instance, Ali Martinez recently identified $116,900 as the next major resistance zone for BTC.

Meanwhile, on-chain analyst Burak Kesmeci believes BTC could rally as high as $159,000 in this ongoing bull cycle. At press time, BTC is trading at $104,611, up 1.1% over the past 24 hours.

BTC trades at $104,611 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close