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Double Bullish Pattern Tips Bitcoin For $167,000 Target – Analyst

by admin June 15, 2025

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

Popular crypto analyst with X pseudonym Plan D has shared an interesting prediction of Bitcoin backing the cryptocurrency to attain a $167,000 price target based on the concurrent formation of two bullish chart patterns.

Notably, the Bitcoin market has been recently rocked by significant levels of volatility following a reawakening of geopolitical tensions in the Middle East. The flagship cryptocurrency crashed to below $103,000 on Friday, which was followed by a moderate price rebound.

Bullish Pennant And Falling Wedge Formation: The Audacious $167,000 Target

In an X post on June 13, PlanD shares a rather intriguing Bitcoin price analysis hinting the premier cryptocurrency remains on course for a major price surge. According to the renowned trading expert, Bitcoin’s price action since the beginning of 2025 has consecutively created a falling wedge and bullish pennant formation.

Interesting, both are positive chart patterns indicating an impending price breakout. PlanD’s analysis shows the falling wedge formation is largely represented in the first trimester of 2025, where Bitcoin experienced a prolonged market correction before a double eventual price reversal that broke through the wedge at the $85,000 upper boundary.

Source: @cryptododo7 on X

Following this rebound, Bitcoin embarked on a sensational price rally to achieve a new all-time high at $111,814 on May 22, representing the pole of a bullish flag pattern. However, since hitting this price peak, the premier cryptocurrency has slipped into a downward consolidatory pattern, forming a sideways channel over the past two weeks that represents the pennant.

In line with the initial falling wedge, PlanD’s analysis suggests Bitcoin is expected to attain a price target of $121,000. However, the analyst notes that this bullish situation remains only valid provided the premier cryptocurrency stays above the lower boundary of the pennant at $102,300.

If Bitcoin bulls are able to hold this price status, PlanD expects a gradual progress to $121,000 and even beyond to the bull flag price target of $167,000. Interestingly, the analyst boldly backs the prediction provided that the specified support is maintained regardless of news developments.

Bitcoin Price Outlook

At press time, BTC trades at $104,960, reflecting a mere 0.15% decline in the past day. On longer timeframes, the premier cryptocurrency is up by 1.23% on the weekly chart and 2.10% on the monthly chart, suggesting that bullish forces still retain a fading control of the market.

Related Reading: Bitcoin Flashes Early Buy Signal? – Advanced UTXO Ratio Drops Sharply After Local Peak

To re-enter a price discovery phase that sustains the ongoing crypto bull run, Bitcoin must break above its current all-time high. However, the asset is currently contending with a significant resistance level at the $110,000 zone, which has proven effective following two rejections in the past week.

BTC trading at $104,951 on the daily chart | Source: BTCUSDT in TradingView.com

Featured image from iStock, chart from Tradingview

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June 15, 2025 0 comments

Crypto Trends

Solana (SOL) Drops 8% in 24 Hours; Standard Chartered Maintains $500 Target by 2030

by admin June 14, 2025

Solana’s SOL

dropped 7.87% to $147.07 over the past 24 hours, as traders reacted to renewed volatility across crypto markets. After opening at $159.60, SOL fell sharply during late Thursday and early Friday trading, reaching a low of $142.13 before stabilizing above the $147 mark. Key intraday volume spikes suggest some accumulation near support, but the overall structure remains fragile as the token trades nearly 40% below its March highs.

The short-term weakness puts added focus on a late-May price target from Standard Chartered’s Global Research team. In a May 27 note initiating formal coverage of SOL, the bank forecast that Solana would rise to $275 by year-end, with a long-term target of $500 by 2029. The report cited Solana’s speed and efficiency as core differentiators but acknowledged that much of its recent meme-coin-driven activity remains heavily discounted by the market.

The growing gap between that bullish outlook and current market conditions illustrates the core dilemma facing long-term SOL investors: whether to treat recent drawdowns as temporary noise or as fundamental rejection of the growth narrative. While Standard Chartered expected solana to underperform ether in the near term, it positioned the token as a high-beta bet on retail-driven ecosystems that could re-rate sharply if adoption expands beyond memecoins.

For now, price action remains choppy, with buyers stepping in near $143 but meeting resistance near $150. Whether SOL can regain upside traction in time to validate even a portion of the year-end forecast may depend on broader macro stabilization and renewed on-chain activity in the coming weeks.

Technical Analysis Highlights

SOL dropped 11.87% intraday, from $160.49 to a low of $142.13.
Intense selling occurred between 23:00–01:00 UTC before price stabilized.
A tight consolidation range formed between $143.50–$146.50.
Higher lows since 02:00 suggest possible bullish divergence.
Volume peaked at 13:31 (31.8K SOL) and 13:39 (43.4K SOL) as buyers defended support.
Resistance sits at $152; a break above could shift short-term trend.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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June 14, 2025 0 comments

GameFi Guides

Analysts Target $20-$27 Price in Next Bull Run

by admin June 9, 2025

A popular crypto analyst known as Egrag Crypto has predicted that XRP could soar to between $20 and $27 in the next major bull run. In a post on X (formerly Twitter), he called this price zone the “Guardian Arch” and described it as a key target for XRP holders. EGRAG shared that a “measured move” in his chart points to $20, but he believes XRP could push higher before facing a massive drop.

#XRP – The Guardian Arch ($20-$27): Key Targets and Strategy

By now, you should understand what I mean about targeting double digits. But please, I urge you, don’t wait for just one target to sell. Always take profits rationally and set clear, specific targets. I can’t stress… pic.twitter.com/ORiSEszwic

— EGRAG CRYPTO (@egragcrypto) June 9, 2025

“The measured move suggests $20, but I believe the next bullish phase could be harsh and might drop like the 2021 bear market—around 86%.” He said. If XRP hits $27, he warned it could fall back to around $3 in the following bear market.

He urged his followers to take profits smartly and not wait for just one price to sell. “Always take profits rationally and set clear, specific targets. Don’t rely on one target, have a plan to exit,” he wrote.

According to the analyst, Guardian Arch could act as a marker for the next big top and bottom, a “portal to double digits.” as he describes it. Meanwhile, another analyst, Good Morning Crypto (@AbsGMCrypto), gave a similar outlook last week and backed it with some fundamental events.

He predicted XRP could hit $5 to $15 by the end of 2025, and possibly reach $26.50 by 2030. He said this would be possible thanks to better rules that are coming into the market and a growing list of Ripple partnerships.

Right now, the overall trend of the chart is bullish. XRP is trading for $2.26, just 0.80% over the last 24 hours, according to CoinMarketCap. The price has been consolidating between $1.61 and $2.70 for the past few months.

XRP broke out of an inverse head and shoulder pattern on May 8. With strong momentum, the price surged up over 25% before tapping off a resistance zone. Following that, the price retraced to the demand zone which caused the initial surge.

XRP seems to have built momentum since it took liquidity from the demand zone and is currently trading to the upside. If the price breaks out of the resistance zone at $0.74, we could see a rally like the analyst has predicted.

Also Read: XRP Lawyer Says Buying Bitcoin at $106K Is Safer Than $25K

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June 9, 2025 0 comments

Abstract image of cyber security in action.

Gaming Gear

Friendly fire: Hackers target their own with fake malware and gaming cheats

by admin June 9, 2025

Sophos says it was tipped off to the existence of Sakura RAT
An in-depth investigation uncovered more than a hundred backdoored GitHub projects
They are all targeting wannabe hackers and game cheaters

It’s a ‘dog eat dog’ world out there, as Sophos’ security researchers uncovered a major hacking operation targeting – other hackers, with people cheating in computer games also targeted.

In an in-depth analysis posted recently, Sophos said a customer asked if its platform protected against a piece of malware found on GitHub, called Sakura RAT. They were apparently interested in the open source project after media claims of “sophisticated anti-detection capabilities.”

Sophos quickly realized that not only is Sakura RAT harmless to other people – it is only a risk to those compiling it and looking to distribute it to other people.

Down the rabbit hole

“In other words, Sakura RAT was backdoored,” Sophos explained.

The RAT itself wasn’t that peculiar, either. Most of the code was copied from the popular AsyncRAT, and many of the forms inside were left empty, which means it wouldn’t even operate properly on the target device.

But the RAT led the team “down a rabbit hole of obfuscation, convoluted infection chains, identifiers, and multiple backdoor variants.”

Apparently, the person(s) behind the RAT – alias ischhfd83 – actually created more than a hundred backdoored malware variants, all designed to target newbie threat actors and people looking for game cheats.

In total, Sophos found 141 repositories from the same threat actors, 133 being malwared in different ways. 111 contained Sakura.

The majority (58%) were advertised as game cheats, 24% as malware projects, 7% as bots, 5% as crypto tools, and 6% as other miscellaneous tools.

The campaign started in 2024, the researchers added, suggesting that it was targeting newbies because advanced threat actors would run such projects in a sandbox environment. Furthermore, they would analyze the project’s owner and the comments, and quickly realize most of the interaction is done by bots with almost identical names.

The campaign wasn’t attributed to any particular threat actor, but it was stated that it was rather successful.

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June 9, 2025 0 comments

NFT Gaming

Analyst Says $130,000 BTC Target By Q3 2025

by admin June 9, 2025

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

Bitcoin appears to be walking a well-worn path, one that gold traced out not long ago. According to an analysis shared by crypto analyst Ted Pillows on the social media platform X, the current price structure of the leading cryptocurrency is closely imitating gold’s trajectory from its accumulation phase through distribution and a breakout rally.

The observation, backed by a side-by-side comparative chart, suggests that Bitcoin’s correction after hitting its new all-time high earlier this year is not only healthy but also part of a large alignment with gold’s recent bull run.

Distribution, Reaccumulation, And Setup For Next Breakout

Technical analysis of Bitcoin’s price chart shows that the leading cryptocurrency is tracing out a path laid out by fold, albeit across different timeframes. Although Bitcoin’s formation is developing on the mid-range 2W timeframe, gold’s similar structure played out on the larger monthly candlestick chart. Despite the difference in scale, the resemblance in structure is significant for what lies ahead.

As shown in the chart comparison below, gold’s historical pattern begins with an initial distribution zone that spanned from 2011 to 2013, followed by a long accumulation period up until mid-2019. Once that base was built, gold transitioned into a re-accumulation phase that lasted until 2023. This accumulation phase was the stage for gold’s price explosion, which culminated in recent highs above $3,300.

Pillows illustrates how Bitcoin is now going through a similar progression. After its euphoric rally to $69,000 in late 2021, Bitcoin entered a distribution phase that lasted throughout 2022. What followed was a textbook accumulation structure in 2023. Bitcoin then broke above $45,000 and entered a reaccumulation phase in late 2024, almost a mirror image of gold’s price development just before its breakout.

BTC is now trading at $105,175. Chart: TradingView

In the case of Bitcoin, its vertical rally began in late 2024 and continued until the recent price action. The chart below clearly marks this current BTC phase, with the analyst projecting a continued move to new all-time highs.

Chart Image From X: TedPillows

Bitcoin Will Break Out By Q3 2025

Interestingly, gold also underwent a similar pullback in its rally phase shortly after initially reaching a new peak just above $2,750. This correction occurred over the space of two monthly candlesticks before it resumed its powerful rally. “Gold also had a correction after hitting the new ATH, and the same happened with BTC,” Pillows remarked.

The implication here is that Bitcoin’s current price behavior isn’t a sign of weakness but rather part of a consolidation phase before the next leg up. Just as gold surged vertically after exiting its final reaccumulation box, Bitcoin may follow suit very soon.

Based on this fractal similarity and the broader trend behavior, Pillows projects that Bitcoin will reach a cycle peak somewhere between $125,000 and $130,000 in the third quarter of 2025. At the time of writing, Bitcoin is trading at approximately $105,600,

Featured image from Unsplash, chart from TradingView

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June 9, 2025 0 comments

NewGenIvf to invest $30m in Solana staking strategy

NFT Gaming

Solana indicators point north, bulls test $165 target

by admin June 7, 2025

Solana rallied nearly 5% on Friday, down almost 10% in the past week. The Ethereum competitor will likely rally towards its $165 target, a 13% rally within the next week. While Ethereum draws the interest of institutional investors, Solana is competing through partnerships and decentralized applications on the blockchain.

Solana price forecast

According to technical indicators on the SOL/USDT daily price chart, Solana (SOL) could soon observe a trend reversal. SOL is trading at $149.92, and the Ethereum (ETH) competitor could rally 13% and test resistance at $170, the upper boundary of the FVG on the daily price chart.

Above $170, there are two key resistances: R1, which is the psychologically important price level of $200, and R2, which is the lower boundary of an FVG on the daily price chart, at $218.40.

The RSI on the SOL/USDT price chart reads 39 and slopes upwards. MACD flashes red histogram bars under the neutral line. The OBV indicator shows a bullish divergence, with the price heading downwards while the OBV indicator slopes upward. The divergence is typically a sign of a potential trend reversal.

In this case, the consolidation likely ends and SOL price changes in the coming week.

SOL/USDT daily price chart | Source: Crypto.news

Conversely, SOL could find support at $143.25, the lower boundary of an FVG on the daily price chart.

SOL could rally for these three reasons

Bybit, one of the key crypto exchanges, has partnered with Circle, Tether, Solana, and Sui to introduce a collaborative blockchain ecosystem. The project, Ecopedia, is set to provide structured and accessible crypto education.

Solana’s meme coin ecosystem tanked in response to the tussle between U.S. President Donald Trump and Tesla Chief Elon Musk. In the past week, the past 24 hours, and on Friday, the sector’s market capitalization has declined.

The market cap of the Solana meme coin ecosystem has fallen 5% in the past 24 hours to nearly $10 billion.

It is likely that once the tussle settles, Solana could resume its uptrend.

According to data from The Block, the seven-day daily average of the number of transactions on the Solana blockchain has been steadily upward.

Number of active addresses on the Solana Network | Source: TheBlock

Solana derivatives analysis

Solana derivatives analysis data from Coinglass shows nearly $40 million in long positions were liquidated in the last 24 hours. Less than $5 million in short positions were liquidated in the past 24 hours.

The options volume has climbed nearly 50% in the same timeframe, while open interest slips nearly 7%. The long/short ratio exceeds one on Binance and OKX meaning traders are taking more bullish bets on Solana, expecting the token’s price to rally.

Solana derivatives data analysis | Source: Coinglass

How Trump-Musk tussle influenced Solana price

The public spat between the U.S. President and Tesla Chief made headlines for its impact on Nasdaq, Tesla stock price, and Bitcoin (BTC), among other things. Solana’s price slipped, alongside other altcoins, as traders turned risk-off. Sentiment shifted from neutral to fear in the past day.

Solana has made strides with gains on Friday, it remains to be seen whether the token can wipeout the losses from the past seven days, in the coming week.

The Trump-Musk tussle’s impact is felt in the Solana meme coin ecosystem, with a steep decline in market capitalization. A 5% drop within a 24-hour timeframe is significant, and a recovery is less likely unless led by a catalyst.

Solana: A one-trick pony or not

Analysts at Standard Chartered, the banking giant, labeled Solana a one-trick pony for the meme coin ecosystem’s role in pushing SOL’s price and value higher in the past year. However, it is likely that there is more to SOL with stablecoins, DeFi protocols and partnership announcements in 2025 alone.

Standard Chartered meme coins have stress-tested the blockchain in the past, proving its scalability and throughput are effective and paving the way for higher adoption and partnerships.

In their report, Standard Chartered suggests Solana expand to other sectors to boost its utility, however SOL generates higher volume and utility from meme coin transactions in the past year. While usage may have declined since the peak of the meme coin rally.

Meme coin utility peak | Source: Standard Chartered

Solana trades at $150 at the time of writing on Friday. Depending on the catalysts, the price could steer upwards or downwards and end the state of consolidation, bordered by resistance at $187 and support at $141.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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June 7, 2025 0 comments

NFT Gaming

Bitcoin Bull Market Not Over: Analyst Reveals Why August 2025 Is The Target

by admin May 31, 2025

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

Bitcoin’s price action over the past 24 hours has been characterized by a decline from $108,850 to $105,000. After tapping an all-time high above $111,000 last week, the cryptocurrency has entered what could be termed as a cooling-off phase. Given the pullback since then, crypto traders are split between a breakout continuation or an early top forming.

However, for analyst Leshka.eth, there’s little ambiguity. The bull market, according to the analyst, is far from over. However, its conclusion is expected sometime around August 2025.

August 2025 Is This Cycle’s Target

According to fundamental and technical analysis of Bitcoin’s price action by Leshka.eth on social media platform X, August 2025 is the ideal window for the current bull cycle’s peak. Referencing the popular Wall Street Cheat Sheet on market psychology, the analyst mapped out the current market phase as comparable to the mid-optimism or belief stage.

If this cycle mirrors those of 2017 and 2021, the months ahead could usher in full-blown waves of belief, thrill, and euphoria that would send the Bitcoin price peaking sometime in July 2025, according to the analyst. This will be accompanied by unsustainable meme coin rallies in June and July, NFTs making a comeback, and Layer-2 protocols breaking into price discovery.

Source: Leshka.eth on X

These events will coincide with a massive influx of retail investors, who are usually the last to enter before a crash. During this predicted crash, Leshka.eth noted that 95% of tokens will drop 90% to 99%. Keeping this trend in mind, the analyst pointed out that the plan to sell in August 2025 is based not on emotion but experience, having successfully exited the market early in 2021 before the downturn. The analyst now believes they can time this cycle’s top with even more precision.

Indicators Will Flash Warnings Before The Bitcoin Crash

Leshka’s conviction also rests on a data-driven approach to identifying price peaks. Specifically, the analyst noted three key on-chain metrics: MVRV (Market Value to Realized Value), NUPL (Net Unrealized Profit/Loss), and SOPR (Spent Output Profit Ratio). Each of these indicators exhibited clear signs of overheating well before the dramatic downturns of April 2021 and December 2017. Notably, the warnings came weeks in advance, not just days.

However, traders don’t need to time the exact top with these indicators. Instead, exiting while the crowd is still engaged in the rally offers the best chance of making the most gains. The moment these metrics turn red, the analyst will begin offloading all their holdings.

At the moment, the bull run is still ongoing, but it won’t last forever. Based on the analyst’s projections, the timeline is clear. A Bitcoin price peak in July, a complacency period in August, which would be the best time to exit, and a final crash between September and November.

At the time of writing, Bitcoin is trading at $105,700, down by 2.1% in the past 24 hours.

BTC trading at $105,318 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 31, 2025 0 comments

Gaming Gear

Target reveals it will have Nintendo Switch 2 stock next week

by admin May 30, 2025

Target will have Nintendo Switch 2 stock on launch day
You will need to arrive ahead of store opening hours
A ticketing system will be in place

US retail giant Target has confirmed that it will have Nintendo Switch 2 stock next week.

In a recent press release, Target described the June 5 console launch as “a huge deal for gamers” and confirmed that the store’s online Nintendo Switch 2 pre-orders sold out in less than two hours when they went live on April 24.

It also confirms that both the Nintendo Switch 2 and the Nintendo Switch 2 Mario Kart World Bundle will be available in Target stores on June 5. This is in addition to games, amiibo, and other accessories.

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May 30, 2025 0 comments

Game Updates

Target Leaves 20 Switch 2 Consoles In A Cage On Store Floor

by admin May 28, 2025

Nintendo’s next big console, the Switch 2, is set to arrive on store shelves in just 10 days. So it’s not surprising to see photos showing dozens of Switch 2 consoles sitting in store warehouses and back areas. However, I wasn’t expecting a bunch of Switch 2 consoles to be sitting in a metal cage in the middle of a Target already.

Nintendo Switch 2 Could Launch With Almost No Reviews

The $450 Nintendo Switch 2 launches next week on June 5. After years of rumors and leaks and more rumors, it’s nearly time to actually buy one of these consoles and start playing around with $80 games like Mario Kart World. So, with launch right around the corner, the consoles themselves have to be making their way to stores in time for players to pick them up next week. Thanks to Redditors and retail employees, we now have photo evidence that Switch 2 consoles are indeed arriving at big-box stores. And apparently, at least one Target has left some Switch 2 consoles sitting in a cage in the middle of the store.

On May 26, YouTuber Jake Randall posted a photo that appears to show 20 or more Switch 2 consoles sitting inside a metal cage on wheels inside a Target. Based on the items near the cage, it seems this Target has left the consoles locked up in the electronics department between some phones and TVs.

This Target seems to be begging someone brave (and stupid) with wire cutters to show up and snag a few Switch 2 consoles. Or just push the whole cart, which is on wheels, out of the store. Throw on a red shirt, name badge, and khaki pants, and you might be able to pull off an Ocean’s 11-like heist.

Elsewhere, someone on Reddit allegedly shared some photos of Switch 2 consoles and games located in the back storage area of a Target. There are quite a few Switch 2 consoles back there, but I bet they’ll be gone in minutes on June 5. Another post showed Switch 2 consoles in a metal cage, similar to the one mentioned above, but was later deleted.

So yeah, Switch 2 consoles and games are now sitting inside retail stores like Target and Walmart. That means it’s very likely that a few of these have probably already been swiped by people or have “accidentally” gone missing. I wouldn’t be shocked if, in the next few days or so, we see some leaked footage of Switch 2 games running on consoles that slipped out the door before June 5.

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May 28, 2025 0 comments

NFT Gaming

Top Trader Reveals Bitcoin Price Target for June

by admin May 27, 2025

Popular trader and technical analyst Chris Vermeulen has predicted that Bitcoin, one of the leading cryptocurrencies by market cap, could rally to as high as $135,000 in June.

According to Vermeulen, Bitcoin currently shows a very similar pattern compared to late 2024.

“The chart is primed and ready. We are long Bitcoin, and it is ready to have a big pop and move,” he said.

Bitcoin is currently changing hands at $109,879, according to CoinGecko data.

The largest cryptocurrency is up by nearly 3% over the past week.