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Analysts Speculate Where the Price Could Go Next

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Spot BTC ETFs


Will bitcoin dump below $70,000 after the latest rejection?

The primary cryptocurrency registered a renewed uptick over the past hours, with its price soaring past $74,000 before it faced an immediate rejection.

The broader outlook remains bearish, with BTC still trading far below its all-time high of over $126,000 reached last October. Analysts have highlighted several key resistance levels that must be reclaimed before bulls can regain full control.

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More Gains Ahead?

The impressive revival comes on the back of Donald Trump’s recent remarks that Iran is “about to surrender” as well as the reports that the newly elected leader of the Asian country, Mojtaba Khamenei (who is the son of the late Ali Khamenei), is “likely disfigured.”

BTC’s pump has caught the attention of multiple market observers, and some expect the rally to go on in the short term. X user Ted noted that Coinbase Premium is rising, indicating solid spot demand. He believes that holding above the $70,000 zone could lead to further gains of around $76,000.

The analyst who goes by the moniker Ardi on X claimed that the leading digital asset needs to flip the $74,000 resistance into support to actually “start looking macro bullish again.” If it could achieve that, the valuation might surge to $85,000, he added. At the same time, he warned that anything below that mark is “just price setting a macro lower high in a downtrend.”

Certain indicators suggest the asset could continue marching north. Data from SoSoValue show that over the past few days, inflows into spot BTC ETFs have outpaced outflows. This is a clear bullish factor that displays that institutional investors, such as pension funds, hedge funds, and asset managers, have been increasing their exposure to cryptocurrency. As inflows rise, ETF issuers are required to purchase additional BTC to back the new shares, creating buying pressure that can further support the price.

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Spot BTC ETFs
Spot BTC ETFs, Source: SoSoValue

Next on the list is the gradually declining amount of coins sitting on crypto exchanges. According to CryptoQuant, the figure slipped to roughly 2.74 million today, the lowest level since the end of 2020. This development signals that investors have been moving their holdings toward self-custody methods and are in no rush to cash out.

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BTC Exchange Netflow
BTC Exchange Netflow, Source: CryptoQuant

Short-Term Pullback on the Horizon?

Other metrics, such as the Relative Strength Index (RSI), suggest that BTC’s substantial resurgence could soon be replaced by a correction. The technical analysis tool measures the speed and magnitude of recent price changes to give traders an idea about possible reversal points. It ranges from 0 to 100, and readings above 70 signal that the asset is overbought and gearing up for a decline. As of press time, the RSI stands at 81.

BTC’s Market Value to Realized Value (MVRV) is also worth analyzing. It compares the current value of all coins to the price at which people originally paid to acquire their holdings. Over the past months, the ratio has been decreasing, reaching around 1.3 today. According to CryptoQuant, readings below 1 typically signal a bottom, implying that the bear market may not have fully unfolded yet.

BTC MVRV
BTC MVRV, Source: CryptoQuant

Earlier this week, numerous analysts warned that BTC’s price could drop to $50,000, and possibly lower, later this year.

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Synthetix price forms compression as buyback plan emerges

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Synthetix price forms compression pattern — will SNX buyback roadmap trigger reversal? - 1

Synthetix price moved slightly higher as the project published its roadmap for 2026, which includes token buybacks and new trading products.

Summary

  • Synthetix price rose slightly after the protocol published its roadmap for 2026.
  • The plan includes SNX buybacks, multi-collateral trading, and new markets on Ethereum.
  • On the chart, Synthetix price is forming a compression pattern near the $0.32 level.

At press time, Synthetix (SNX) token traded at $0.3251, up about 2.9% in the last 24 hours. The token has stayed inside a narrow weekly range between $0.3008 and $0.3262.

Price movement has been slow but steady in recent weeks. SNX is up around 2% over the past seven days and roughly 20% over the past month as the market attempts to recover from earlier losses.

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Trading activity has also increased slightly. 24-hour volume reached about $13.4 million, which is 11% higher than the previous day. Derivatives data from CoinGlass shows futures volume rising 10% to $41 million, while open interest climbed 6% to $16.39 million.

2026 roadmap included SNX buybacks

The move comes after the Synthetix team published a long update outlining how the protocol plans to grow during 2026.

According to the roadmap, trading revenue from Synthetix Perps will initially be used to buy back both SNX and the protocol’s stablecoin sUSD. Once the sUSD peg is fully restored, buybacks are expected to focus entirely on SNX.

The plan also includes a major expansion of trading features. In April, users will be able to deposit assets like ETH and cbBTC directly as margin on Synthetix Perps, rather than converting everything into a single collateral asset.

The change could bring more liquidity into the platform by allowing traders to use idle assets already held on Ethereum.

Other updates are scheduled later in the year. The protocol plans to introduce basis trade vaults, launch a public liquidity pool vault, and expand markets beyond crypto to include commodities and forex trading.

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Developers also outlined a longer-term plan to transform sUSD into a fully decentralized stablecoin backed by delta-hedged crypto collateral.

The roadmap marks another step in the protocol’s restructuring. Over the past year, the project moved away from multiple Layer-2 deployments and shifted its focus back to Ethereum mainnet, where it now runs a centralized limit order book-style perpetual futures exchange.

Technical analysis: SNX forms tight compression

On the chart, SNX is moving inside a tight consolidation zone near $0.32–$0.33 after months of decline.

Volatility has dropped during the past several weeks. The Bollinger Bands have started to narrow, which often appears before a stronger price move once the range breaks.

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Synthetix price forms compression pattern — will SNX buyback roadmap trigger reversal? - 1
SNX daily chart. Credit: crypto.news

Resistance is now seen around $0.39–$0.40, a level where price was rejected during earlier rallies. Support remains lower, around $0.27–$0.30, where buyers stepped in during the February decline.

Momentum indicators show that selling pressure has eased. The relative strength index has climbed back toward the 50 level, moving away from the oversold zone that appeared earlier in the downtrend.

If SNX pushes above $0.39, the move could open the door toward the $0.45–$0.50 range. That would confirm a breakout from the compression pattern.

On the downside, a drop below $0.30 could weaken the structure and expose the $0.27 area again, which has acted as a key support level in recent months.

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Binance spot is rewarding early degenerates and crushing late chasers in altcoins

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Binance spot is rewarding early degenerates and crushing late chasers in altcoins

Binance spot flows show a late‑cycle alt pattern: oversold names like GTC and OGN mean‑revert, QTUM and RUNE lead thin breakouts, while SCR, THETA and TRX bleed as liquidity exits.

Summary

  • Binance spot data flag GTC, OGN and BANANA in “bottoming rebound” mode, with 5–8% bounces off oversold levels rather than fresh trend breaks.
  • QTUM, RUNE and MOVE are printing intraday highs with 5–7% gains, showing where real short‑term momentum and order‑book slippage now sit.
  • SCR, THETA and TRX are sliding to new lows, a classic distribution tape where liquidity leaves and anyone still “investing” without stops is just donating.

Binance spot is doing what it always does in late‑stage moves: rewarding early degenerates in illiquid names and punishing anyone chasing laggards without a plan.

Altcoins in “bottoming rebound” mode

Binance spot data show several small and mid‑cap altcoins staging what the feed calls a “bottoming rebound.” GTC is up 7.52% over the past 24 hours, OGN has gained 5.84%, and BANANA is higher by 5.03%, all bouncing off depressed levels rather than breaking into new trend regimes. For anyone trading these, understand the context: this is classic mean‑reversion from oversold, not some structural rotation into fundamentals.

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In parallel, QTUM, RUNE and MOVE have pushed to intraday highs, with gains of 5.34%, 7.22% and 6.28% respectively. That’s where real momentum lives right now: coins with just enough liquidity to move, just illiquid enough to blow through order books when a few desks lean the same way.

Bleeders: SCR, THETA, TRX

On the other side of the tape, a trio of names is getting clubbed. SCR is down 8.38% from intraday high to low, THETA has dropped 9.06% to a new weekly low, and TRX printed a new daily low, off 5.29%. This is what distribution looks like: previously‑bid names running out of greater fools while the rest of the market celebrates elsewhere.

If you are still long these without a defined stop, you are not “investing,” you are donating. The market is telling you liquidity is leaving the room; your job is to listen, not argue.

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How to actually trade this

Treat the “bottoming rebound” names as short‑horizon vehicles: tight risk, fast profit‑taking, no diamond‑hands fantasy. When you see low‑liquidity coins flying 5–8% in a day after being left for dead, that’s order‑flow, not structural demand — size accordingly.

For the winners making intraday highs (QTUM, RUNE, MOVE), only two strategies are acceptable: buy early and cut fast if momentum dies, or fade parabolic spikes with defined invalidation once funding and spot volumes go stupid. For the losers (SCR, THETA, TRX), either you cut and move capital to where the tape is paying, or you write the position to zero and stop pretending you’re a trader.

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Pumpfun Launches Automated Buyback Tool for AI Agent Tokens

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PUMP Chart

The feature lets tokenized agents direct onchain revenue toward buying back and burning their own tokens.

Solana-based memecoin launchpad pumpfun has rolled out a new feature that connects AI agents to tokenonomics, allowing projects to automatically funnel agent-generated revenue into token buybacks and burns.

The tool, called Tokenized Agents, targets what pumpfun describes as a core problem in the growing “agentic economy” – a lack of value alignment between successful AI agent projects and the communities that form around them.

How It Works

Under the new system, developers launch a token on the platform, set a revenue buyback percentage, and integrate their agent using a provided configuration file. When the agent earns revenue, whether from SaaS products, trading, or other sources, a portion is automatically used to buy back and burn the token.

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Buybacks are executed by a centralized buyback authority and instantly burned. Only revenue denominated in SOL and USDC is eligible, and a minimum threshold of $10 in accumulated revenue is required before a buyback is triggered.

It’s worth noting that the agents themselves are not deployed on pumpfun, whose role is limited to enabling the onchain buyback-and-burn mechanism tied to the token.

Existing Tokens Can Opt In

The feature is not limited to new launches. Existing tokens on the bonding curve or migrated to PumpSwap can activate the Tokenized Agent toggle from their coin page. Multiple unrelated agents can also contribute revenue toward buybacks for the same token.

Token creators retain the ability to adjust buyback percentages at any time. Revenue not allocated to buybacks remains claimable by the creator. Creator fees, which are rewards generated from trading volume, are enabled by default, though creators can opt to redirect them as cashback for traders instead, a feature the platform introduced in February.

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The launchpad’s native PUMP token is up 8% over the past week amid a broad market rebound.

PUMP Chart
PUMP Chart

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‘Window Is Narrowing’ To Pass BTC Tax Exemption

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Senate, Bitcoin Regulation, US Government, United States

The Bitcoin Policy Institute (BPI), an industry advocacy group, is eyeing a target window between March and August 2026 to pass a de minimis tax exemption for Bitcoin through Congress, warning that time to pass meaningful legislation is running out.

BPI said it has engaged with 19 Congressional offices in both the House and Senate over the last three months to pitch US lawmakers on a tax exemption for Bitcoin (BTC) transactions below a certain threshold.

Expanding the de minimis tax exemptions beyond dollar-pegged stablecoins has bipartisan support, but the BPI warned that the “window is narrowing” for Bitcoin tax legislation. The BPI said:

“Congress will be increasingly consumed by midterm dynamics as summer approaches, and the bandwidth for complex tax legislation shrinks with every passing week. Senator Lummis, the issue’s most forceful champion, departs the Senate in January 2027.

If a package does not come together in the next few months, the opportunity may not return for years,” the BPI continued. 

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Senate, Bitcoin Regulation, US Government, United States
The timeline and target window for Bitcoin de minimis tax legislation. Source: Bitcoin Policy Institute

Under current US tax rules, using BTC to pay for goods and services triggers a taxable event and tax reporting to the Internal Revenue Service (IRS), preventing the use of Bitcoin as a medium of exchange.

A de minimis exemption would allow small crypto transactions, typically below a set dollar threshold, to be excluded from capital gains reporting, allowing users to spend Bitcoin without calculating gains or losses on minor purchases.

Related: Bitcoin advocate group to fight Basel’s ‘toxic’ treatment of cryptocurrency

Tax policy has kept Bitcoin as an investment and out of commerce

Wyoming Senator Cynthia Lummis introduced a bill in July 2025 proposing a de minimis tax exemption for cryptocurrency transactions of $300 or less, capped at $5,000 annually.

However, the bill failed to gain traction in the Senate, and a competing bill focused entirely on tax exemptions for stablecoins was introduced to the House of Representatives by Congresspersons Max Miller and Steven Horsford in 2025.

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Senate, Bitcoin Regulation, US Government, United States
A comparison of the Lummis standalone crypto tax bill and the stablecoin de minimis tax bill introduced by Congressmen Max Miller and Steven Horsford. Source: Bitcoin Policy Institute

Bitcoin payments are held back by the digital asset’s current treatment under the US tax code, according to Pierre Rochard, a board member for BTC treasury company Strive. 

“The number one impediment to Bitcoin payments adoption is tax policy, not scaling technology,” Rochard said on X.

Magazine: Big questions: Should you sell your Bitcoin for nickels for a 43% profit?