Connect with us
DAPA Banner

Crypto World

XRP climbs to $1.50 despite fund outflows as bulls eye $2 next

Published

on

Person holding a smartphone displaying the XRP cryptocurrency logo while checking digital asset markets.
Person holding a smartphone displaying the XRP cryptocurrency logo while checking digital asset markets.
  • XRP price hovers above $1.50, a four-week high.
  • The Ripple cryptocurrency is up amid gains for Bitcoin.
  • Traders are bullish despite $76 million in fund outflows last week.

XRP price rose to highs of $1.50 on Monday as corporate developments at Ripple and the broader market dynamics fueled bullish bets on the token.

Bulls’ resilience around $1.30 looks to be paying off as gains over the past week rise to double digits, with XRP hitting a market cap of over $90 billion despite recent outflows from Ripple-tied investment products.

While current market conditions could curtail momentum, the gains seen over the past week suggest buyers may have room to test sellers’ resolve above $2.00.

XRP price hits $1.50 – why is it surging?

XRP is currently holding onto gains of around $1.50 after top altcoins mirrored Bitcoin’s surge earlier in the day.

As BTC climbed to above $74,000 and Ethereum pumped toward $2,300, XRP edged higher to reach prices last seen in mid-February 2026.

Advertisement

Gains align with a pivotal boost that came from reports of Ripple launching a $750 million share buyback program.

The move offers early investors and employees a liquidity exit at a staggering $50 billion valuation as Ripple bids to stay private.

Fund flows not so encouraging

The past month has not been good for Ripple’s cryptocurrency in terms of attracting institutional interest in XRP investment products.

CoinShares notes that XRP saw over $76 million in capital exits from related digital asset investment products last week.

Advertisement

More than $133 million has exited XRP funds in the past month, leaving year-to-date flows at just over $19 million.

The cryptocurrency’s total assets under management currently stand at $2.4 billion.

XRP price technical outlook

Despite the recent outflow streak, speculative confidence has pushed open interest up.

Macroeconomic and geopolitical tensions from the ongoing Iran war aside, the Ripple coin could eye a retest of the $2.00 level.

Advertisement

On the bullish side, momentum could accelerate if Bitcoin rides energy sector uncertainty to above $80,000.

Technical indicators point to XRP’s readiness for an explosive uptick, with Bollinger Bands showing unprecedented compression reminiscent of record levels from 2024.

Often, such an outlook aligns with major volatility spikes across the ecosystem.

Trading in the $1.41-$1.50 region means bulls need a decisive break above $1.60 to unlock a short-term rally.

Advertisement

Bulls’ target amid this uptick will be $3.00.

The probability that XRP bulls flip resistance near current prices into support nonetheless hinges on broader market conditions.

In case buyers fail to hold $1.40, key support levels on the downside might include $1.31 and $1.20.

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Attention Economy Is Dying (Tokenized Value Is Replacing It)

Published

on

Attention Economy Is Dying (Tokenized Value Is Replacing It)

Views Don’t Matter Anymore. Ownership Does.

For the last 15 years, the internet has run on a simple trade:

You give attention.
Platforms make money.

Every scroll, like, and click feeds an algorithm designed to extract one thing—your time. And while creators and users generate the value, platforms capture almost all of it.

That model is breaking.

Advertisement

Quietly, but decisively.

We’re moving from an attention economy to an ownership economy—and tokenization is the catalyst.

The Problem: Attention Is Extractive by Design

Traditional platforms don’t reward value—they reward engagement loops.

  • Viral content beats meaningful content
  • Clickbait beats substance
  • Algorithms decide visibility, not creators

You don’t own your audience.
You don’t own your data.
You don’t even control distribution.

Even worse?

Advertisement

Creators are stuck in a system where:

  • Monetization is gated (ads, sponsorships)
  • Income is unpredictable
  • Platforms can change rules overnight

You’re building on rented land.

The Shift: From Clicks → Ownership

Web3 flips the model.

Instead of extracting value from attention, it distributes value through ownership.

Tokens change everything because they turn users into participants, not products.

Advertisement

Now:

  • Users can earn from the networks they contribute to
  • Creators can own their communities directly
  • Value flows back to the people generating it

This isn’t just monetization—it’s alignment.

Why Tokenized Value Is So Powerful

Tokens don’t just pay you—they represent your stake in a system.

That means:

1. Participation = Ownership

Providing liquidity, curating content, or even just being early can earn you a share of the network.

Advertisement

Your activity becomes capital.

2. Communities Become Economies

Instead of followers, you get stakeholders.

People aren’t just watching—they’re invested in growth.

That changes behavior:

Advertisement
  • Less passive scrolling
  • More meaningful contribution
  • Stronger network effects

3. Value Is Transparent and Programmable

Smart contracts automate reward distribution.

No middlemen. No hidden rules.

If you add value, you get paid. Simple.

The Death of “Going Viral”

In the attention economy, success looks like this:

Millions of views. Minimal ownership.

In the tokenized economy, success looks like:

Advertisement

Smaller audience. Higher alignment. Real upside.

Virality becomes less important than economic participation.

Because:

  • 1,000 aligned holders > 1,000,000 passive viewers
  • A community that earns together stays together

The Next TikTok Won’t Sell Your Attention—It’ll Pay You

Imagine a platform where:

  • You earn tokens for engagement
  • Creators share upside with their audience
  • Early users benefit from growth
  • Algorithms are transparent—or even community-governed

This isn’t theoretical. It’s already happening in early forms across DeFi, social tokens, and on-chain platforms.

The difference?

These platforms don’t treat users as inventory.

Advertisement

They treat them as owners.

The Bigger Picture: Capital Becomes Labor

Here’s where it gets interesting.

In this new model:

  • Your capital works like labor
  • Your activity earns equity
  • Your participation compounds over time

We’re moving from:

Work → Earn money

to:

Advertisement

Participate → Accumulate ownership

That’s a fundamental shift in how value is created and distributed online.

Final Thought

The attention economy isn’t dying because people stopped scrolling.

It’s dying because people are starting to realize:

They were never being paid what they’re worth.

Advertisement

The next phase of the internet isn’t about capturing attention.

It’s about rewarding contributions.

And in that world?

Views don’t matter.

Advertisement

Ownership does.

REQUEST AN ARTICLE

Source link

Continue Reading

Crypto World

3 Token Unlocks to Watch in the Second Week of April 2026

Published

on

The crypto market will welcome tokens worth more than $899.3 million in the second week of April 2025. Major projects, including Aptos (APT), Babylon (BABY), and Linea (LINEA), will release significant new token supplies. 

These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.

1. Aptos (APT)

  • Unlock Date: April 12
  • Number of Tokens to be Unlocked: 11.31 million APT
  • Released Supply: 1.66 billion APT
  • Total supply: 2.59 billion APT (Y2035)

Aptos is a Layer-1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. It utilizes the Move programming language to enable high-throughput transactions and smart contract execution.

Aptos will release 11.31 million tokens on April 12. The tokens are worth $9.65 million. It represents 0.68% of the released supply.

APT Crypto Token Unlock in April.
APT Crypto Token Unlock in April. Source: Tokenomist

The team will award 3.96 million APT to core contributors. The community and investors will get 3.21 million and 2.81 million tokens, respectively. Additionally, Aptos will allocate 1.33 million tokens to the foundation.

2. Babylon (BABY)

  • Unlock Date: April 10
  • Number of Tokens to be Unlocked: 612.5 million BABY
  • Released Supply: 1.62 billion BABY
  • Total supply: 10 billion BABY (Y2035) 

Babylon is a decentralized protocol that enables native Bitcoin (BTC) staking to secure Proof-of-Stake blockchains. It turns idle BTC into a productive asset without custodians or bridges. BABY is the native token of the network. 

The altcoin serves three core functions: paying transaction fees, participating in on-chain governance, and dual-staking alongside BTC to secure the network. 

Advertisement

On April 10, the network will unlock 612.5 million coins. The altcoins are worth $7.56 million. In addition, the unlocked tokens account for 37.77% of the released supply.

BABY Crypto Token Unlock in April.
BABY Crypto Token Unlock in April. Source: Tokenomist

Babylon will split the supply three ways. Early private-round investors will receive 381.25 million tokens. The team will get 187.5 million BABY. Lastly, Babylon will direct 43.75 million tokens to advisors.

3. Linea (LINEA)

  • Unlock Date: April 10
  • Number of Tokens to be Unlocked: 1.38 billion LINEA
  • Released Supply: 25.92 billion LINEA
  • Total supply: 72.01  billion LINEA

Linea is a zkEVM Layer-2 scaling solution for Ethereum (ETH). The network provides fast, low-cost transactions while maintaining compatibility with Ethereum tools and security.  

The network will unlock 1.38 billion tokens, valued at approximately $4.68 million, on April 10. The upcoming unlock represents 5.32% of the released supply

LINEA Crypto Token Unlock in April.
LINEA Crypto Token Unlock in April. Source: Tokenomist

Linea will keep 600.08 million tokens for long-term alignment, and 480.07 million LINEA for Ignition. The team will allocate the remaining 300.04 million tokens for future airdrops.

In addition to these, other prominent unlocks that investors can look out for in the second week of April include RedStone (RED), BounceBit (BB), Movement (MOVE), and more.

The post 3 Token Unlocks to Watch in the Second Week of April 2026 appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Swiss International Gemlab unveils AI-driven approach to gemstone grading

Published

on

Swiss International Gemlab unveils AI-driven approach to gemstone grading

Three veteran gemologists have launched a new gemstone testing facility, Swiss International Gemlab, introducing a proprietary artificial intelligence system to support grading accuracy and consistency.

Summary

  • Swiss International Gemlab launches with an AI-supported grading system to improve accuracy and consistency in gemstone reports.
  • The lab will operate from Lucerne and Hong Kong, offering full-service testing with a five-day standard turnaround and real-time tracking.
  • SIG joins a growing shift as gemology labs adopt data-driven tools to enhance verification standards and reporting uniformity.

Willy Bieri, Lawrence Hahn, and Matthias Alessandri founded the lab, which will operate from Lucerne, Switzerland, and Hong Kong, the company said last week. The three have worked together for more than a decade and said the facility is designed to deliver faster reports, improved transparency, and strong scientific rigor, while remaining free from external influence.

Swiss International Gemlab (SIG) said it will provide the “full spectrum” of services for colored gemstones. These include identification, origin determination, treatment analysis, and detailed color grading.

Advertisement

At the core of its operations is “SIG-AI Assistance,” a proprietary system that cross-references analytical results with structured databases. The platform is designed to flag inconsistencies, support uniform reporting standards and shorten interpretation time, according to the lab.

The lab has set a standard turnaround time of five business days, with expedited options available for urgent submissions. Clients will also have access to real-time tracking to monitor the progress of their reports.

SIG is scheduled to make its first public appearance at this year’s GemGenève in May, where it will provide on-the-spot gemological services for exhibitors, offering a preview of its workflow and capabilities.

Advertisement

AI gains ground in gemstone grading

SIG’s launch comes as artificial intelligence continues to gain traction across the gemology sector, where labs are increasingly integrating data-driven tools into traditional workflows.

Several established laboratories have started using advanced digital systems in their workflows. Switzerland-based Gübelin Gem Lab, for example, introduced its “Gemtelligence” platform, which applies deep learning models trained on decades of gemstone data to assist with origin determination and treatment analysis while improving consistency.

Recent commentary from trade bodies indicates that these technologies are beginning to change how gemstones are identified and graded. The shift is also influencing day-to-day laboratory processes and shaping buyer confidence in certification standards.

At the same time, machine learning tools are being used to analyse spectroscopic data and high-resolution imagery. These systems can detect treatments, classify stones, and support grading decisions with a level of uniformity that remains difficult to achieve through manual assessment alone.

Advertisement

Against this backdrop, SIG’s use of its “SIG-AI Assistance” platform positions it within a growing segment of labs seeking to combine human expertise with algorithmic analysis to improve reliability and turnaround times in gemstone reporting.

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

Advertisement

Source link

Continue Reading

Crypto World

James Wynn’s Account Drops to $900 After Latest Bitcoin Liquidation on Hyperliquid

Published

on

James Wynn, one of crypto’s most closely tracked traders, has been liquidated after shorting Bitcoin (BTC) on decentralized exchange Hyperliquid. On-chain intelligence firm Arkham Intelligence confirmed the wipeout.

Follow us on X to get the latest news as it happens

The liquidation left Wynn’s account at just over $900, with a loss of $20 million according to HypurrScan data

Advertisement

“In just the past 2 weeks, he has been liquidated 6 times!,” blockchain analytics firm Lookonchain added.

Wynn had warned traders over the weekend that conditions across markets would worsen before improving. He outlined his multi-asset defensive strategy, which included shorting both the S&P 500 and the Nasdaq, going long on WTI crude oil, and selectively buying BTC dips with spot capital.

The trader’s bearish positioning coincided with heightened geopolitical tensions around the Strait of Hormuz and oil prices hovering above $100 per barrel. However, Bitcoin moved sharply against his short.

BTC climbed 3% over the past 24 hours. Earlier today, the cryptocurrency surged to an intra-day high of over $70,000, its highest level in more than a week. BeInCrypto Markets data showed that at press time, it traded at $69,133.

Advertisement
Bitcoin (BTC) Price Performance.
Bitcoin (BTC) Price Performance. Source: BeInCrypto Markets

BeInCrypto reported that the rally was driven by a derivatives-led short squeeze that liquidated roughly $196 million in short positions across the market. The total crypto market capitalization recovered to $2.35 trillion on April 6, adding approximately $89 billion from the $2.27 trillion low hit on April 5.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post James Wynn’s Account Drops to $900 After Latest Bitcoin Liquidation on Hyperliquid appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading

Crypto World

Stock Futures Climb as Iran-US Ceasefire Hopes Calm Investor Nerves

Published

on

E-Mini S&P 500 Jun 26 (ES=F)

TLDR

  • Futures for the S&P 500 climbed 0.4% while Nasdaq 100 futures advanced 0.6% during Monday trading
  • Diplomatic negotiations between Washington and Tehran, with Pakistan serving as mediator, boosted investor confidence
  • President Trump extended his Iran ultimatum to Tuesday at 8:00 PM Eastern, warning of strikes on electrical infrastructure
  • The critical Strait of Hormuz shipping channel continues to operate at minimal capacity, impacting approximately 20% of worldwide petroleum transport
  • Crude prices retreated following ceasefire news, with Brent declining roughly 1.6% to settle near $107 per barrel

Wall Street futures posted solid gains Monday following emerging reports of potential diplomatic progress between Washington and Tehran. The positive movement arrived after a weekend marked by military escalation and aggressive rhetoric from the White House.

The S&P 500 futures contract advanced approximately 0.4%. Nasdaq 100 futures climbed 0.6%. The Dow Jones Industrial Average futures showed more modest growth at 0.1%.

E-Mini S&P 500 Jun 26 (ES=F)
E-Mini S&P 500 Jun 26 (ES=F)

Equity markets experienced brief volatility overnight following fresh warnings from President Trump directed at Iran. However, sentiment improved as news of diplomatic channels emerged.

According to Reuters, both Washington and Tehran have been presented with a preliminary ceasefire framework brokered by Pakistani officials. The framework reportedly calls for an immediate cessation of hostile actions. To date, neither government has publicly acknowledged or endorsed the terms.

In parallel negotiations, American officials alongside regional intermediaries are advocating for an extended 45-day truce that could potentially conclude hostilities permanently. Sources close to the discussions caution that prospects for success remain uncertain.

President Trump’s initial 10-day ultimatum to Iran reached its expiration Monday. However, Trump announced a postponement via social media, declaring the revised deadline as “Tuesday, 8:00 P.M. Eastern Time.” In comments to the Wall Street Journal, he warned that American forces would target Iran’s entire electrical grid if the Strait of Hormuz shipping lane remains blocked beyond that timeframe.

Crude Markets Retreat on Diplomatic Progress

The strategically vital Strait of Hormuz, a waterway that typically facilitates approximately 20% of global petroleum shipments, remains severely restricted to commercial tanker traffic. This ongoing blockade has sustained upward pressure on oil prices throughout recent trading sessions.

Advertisement

Crude futures had surged nearly 3% at Sunday evening’s market opening. However, prices reversed course following the ceasefire developments. Brent crude retreated approximately 1.6% to trade around $107 per barrel. West Texas Intermediate declined roughly 2% to approximately $109.

A noteworthy market anomaly emerged: WTI pricing exceeded Brent levels, an uncommon occurrence. Market analysts attribute this inversion to contract timing discrepancies, with WTI still trading May delivery contracts while Brent has transitioned to June settlements.

Researchers at Gavekal Research suggest Iran may be leveraging its control over the strait to extract substantial passage fees from vessels. They characterize this as an emerging revenue strategy for Tehran.

Other Markets

Gold appreciated 0.9% to approximately $4,720 per ounce during Monday’s session. The benchmark 10-year US Treasury yield edged higher to 4.362%.

Advertisement

American military forces successfully extracted a US aviator who had been detained inside Iranian territory over the weekend. Iranian forces continued launching missiles and unmanned aerial vehicles toward Gulf nations and Israel through Monday morning.

The geopolitical landscape remains uncertain, with Tuesday evening’s deadline representing the next critical juncture for both financial markets and international diplomacy.

Advertisement

Source link

Continue Reading

Crypto World

Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

Published

on

Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

Bitcoin (BTC) faces a fresh showdown this week as macro tensions contrast with a bullish BTC price trend reversal.

  • A classic BTC price metric is above to flip bullish for the first time in nearly a year — last time, price gained $25,000 in two months.

  • Short time frames see liquidations as “aggressive” traders pile in at $70,000.

  • Iran war tensions are at breaking point as US President Donald Trump’s “Bridge Day” deadline nears.

  • US inflation data will come thick and fast as the war begins to reflect in the numbers.

  • The Bitcoin bear flag stays in play, with analysis warning that new lows are “likely just a matter of time.”

MACD indicator teases key bullish cross

On longer time frames, the weekly chart has become a source of hope for Bitcoin bulls this week.

The weekly close reclaimed the 200-week exponential moving average (EMA) trend line, but more than that, a classic BTC price metric is about to produce a key bull signal.

On a weekly basis, the moving average convergence/divergence (MACD) hinted that Bitcoin’s latest downtrend is in the process of reversing.

Advertisement

“​​Holding this level is crucial for the entire Crypto industry,” X commentator Crypto Seth argued on Monday, noting that Ether (ETH) was also due an MACD cross.

BTC/USD one-week chart with MACD data, 200 EMA. Source: Cointelegraph/TradingView

Bitcoin’s last bullish weekly MACD flip occurred in May 2025, around one month after BTC/USD put in its 2025 low near $74,500. Over the following two months, price went from $94,000 to $119,000, setting new all-time highs.

Continuing on the phenomenon, X trading resource GalaxyTrading flagged key MACD comparisons across Bitcoin’s past two bear markets.

“In the 2018 bear market, it took around 245 days for the weekly MACD to turn positive,” it noted. 

“In 2022, it also took 245 days to turn bullish. In 2026, we will reach 245 days by the end of April.”

BTC/USD MACD data. Source: GalaxyTrading/X

Liquidations spike as Bitcoin tags $70,000

Bitcoin managed a trip beyond $70,000 after the weekly close, data from TradingView confirms, reaching new April highs.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

While some traders remained skeptical over pre-market price action, the close itself was notable, bringing back both the 200-week EMA and old 2021 all-time high as potential support.

As Cointelegraph reported, both levels have courted suspicion over their reliability.

Advertisement

The move to the local highs caught short positions off guard, with total crypto liquidations passing $250 million over the 24 hours to the time of writing, per data from CoinGlass.

In his latest analysis, trader CrypNuevo continued to eye longs closer to $64,000 for a potential liquidity hunt to the downside.

Advertisement

“There are some HTF liquidations between $64k-$64.5k. This adds fuel a move lower. I don’t see conclusive data on LTF liquidations,” he commented in an X thread on Sunday.

Crypto liquidation history (screenshot). Source: CoinGlass

In one of its “QuickTake” blog posts, onchain analytics platform CryptoQuant flagged the return of “aggressive short-term positioning” — spikes in both cumulative net taker volume and open interest on Binance.

This matters because Bitcoin’s move is being driven not only by price strength, “but also by renewed speculative participation in derivatives,” contributor Amr Taha commented. 

“In simple terms, traders are becoming more willing to add fresh exposure as BTC pushes higher. If this trend continues, it could reinforce short-term momentum.”

Bitcoin open interest change by exchange (screenshot). Source: CryptoQuant

Trump’s Iran “Bridge Day” puts markets on edge

A combination of geopolitics and key US inflation data makes for a week of “extreme volatility,” analysis predicts.

The US-Israel and Iran war continues to guide market sentiment, and oil prices reflect the uncertainty over the fate of key issues such as the partial closure of the Strait of Hormuz. WTI crude oil started the week with a trip above $115 per barrel.

Traders are now eyeing one deadline in particular when it comes to how the conflict might play out: Tuesday, 8pm Eastern time. This is when US President Donald Trump promises major infrastructure strikes if no deal with Iran is reached.

Advertisement

In a post on Truth Social at the weekend, Trump appeared particularly impatient, calling the day of the deadline “Power Plant Day” and “Bridge Day” while demanding that Hormuz reopen.

Source: Truth Social

Headlines remain mixed, however, with talk of a 45-day ceasefire now a focus.

“This is being described as a ‘last-ditch effort’ to prevent ‘massive strikes on Iranian civilian infrastructure,’” trading resource The Kobeissi Letter reported on X.

Kobeissi noted that S&P 500 futures “erased all losses” on the news, underscoring risk-asset vulnerability to war-related triggers. As Cointelegraph reported, Bitcoin remains no exception.

S&P 500 futures one-hour chart. Source: Cointelegraph/TradingView

Last week, macro investor and former hedge fund manager James Lavish nonetheless said that markets were pricing in odds of the war ending sooner rather than later.

A potential drawdown for BTC price action should markets experience a “black swan” event, he told Cointelegraph, could be up to 20%.  

Advertisement

Risk assets face two major US inflation prints

Markets will thus be juggling war shocks and inflation data concurrently this week, with multiple US prints due.

Among them is the Personal Consumption Expenditures (PCE) Index, known as the Federal Reserve’s “preferred” inflation gauge.

February’s PCE release matched market expectations, but did not reflect inflation trends after the war had started.

“Following the jump in oil prices and potential spillover impact from fertilizer shortages on food prices, challenges around the inflation outlook still poses a major risk,” trading resource Mosaic Asset Company summarized in the latest edition of its regular newsletter, “The Market Mosaic.”

Advertisement
US PCE % change (screenshot). Source: Bureau of Economic Analysis

That risk also applies to the week’s last and arguably most important inflation number: the Consumer Price Index (CPI).

Here, the oil-price jump is especially pertinent, thanks to its direct impact on CPI inflation trends.

“Oil prices are now crossing above $115/barrel in the US. As a result, our models indicate that if current levels are sustained another ~7 weeks, US CPI inflation will rise to ~3.7%,” Kobeissi commented.

Kobeissi said that its “base case” for CPI inflation was now 3% — considerably higher than the Fed’s target.

US CPI 12-month % change. Source: Bureau of Labor Statistics

Like PCE, the most recent CPI print was flat, helping temper the impact of previous overshoots.

The latest data from CME Group’s FedWatch Tool meanwhile shows practically no chance of the Fed either raising or lowering interest-rates at its next meeting at the end of April.

Advertisement
Fed target rate probabilities for April FOMC meeting (screenshot). Source: CME Group

New lows “just a matter of time?”

As macro events play out, Bitcoin still has a specific cloud hanging over it that traders fear will only lead price downward.

Related: Bitcoin ‘done’ with 85% crashes, says Cathie Wood amid new $34K target

BTC/USD continues to battle for support at the bottom of its second bear flag of 2026. The first, which appeared in January, resulted in a drop of roughly $25,000.

“Structurally, $BTC price action is still nearly identical to the prior bear flag structure,” Keith Alan, cofounder of trading resource Material Indicators, warned last week. 

“Nothing says that it has to continue to mimic that price behavior, but I’m following it like roadmap until price deviates from that path.”

BTC/USD one-day chart. Source: Keith Alan/X

When it comes to new lows, Cointelegraph reported on broad consensus that February’s downside wick below $60,000 will be revisited. 

“When that breakdown eventually happens, watch the behavior closely. If price starts repeatedly sweeping the lows, making it psychologically difficult to enter longs, that’s when a true bottom is more likely forming,” pseudonymous trader LP told X followers this weekend.

Advertisement

LP said that new lows were “likely just a matter of time.”

BTC price comparison. Source: LP/X

Alan, meanwhile, eyed a trip to the mid-$40,000 range as part of a “measured move” below bear-flag support.

“Expecting to test resistance in the $67k – $69k range before the next leg down,” he wrote while discussing the topic on X. 

“End to the war or a really strong Q2 Open could invalidate the bear flag and challenge resistance at the MACRO structure.”