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Bitcoin Faces Major Selloff as Melanie Coin Takes Over: Will It Recover?

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  • Bitcoin’s price dropped sharply after the release of the Melanie meme coin, developed by the Trump family, draining liquidity from BTC.
  • Despite Bitcoin’s rebound, concerns grow over Melanie’s $492 million investment and potential market volatility, typical of meme coin trends.
  • Bitcoin is testing critical support, and its ability to break through could signal recovery, with broader market sentiment tied to political changes.

Bitcoin nosedived after the release of a new meme coin; Melanie which was developed by the Trump family. The coin, which is linked to Donald Trump’s wife and is known as Melania, became very liquid and attracted funds from more popular cryptocurrencies.

In a recent YouTueb video, Rover highlighted that the change in liquidity was the main factor that led to the drop in price of Bitcoin. In the moments immediately preceding the drop, Bitcoin had put in a CME gap, a technical market structure that often precedes price retracement. After the decline, analysts expect the BTC price to rise and retrace the gap, which could send the price back up to $104,000 in the next few days.

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Source: CryptoRover

Bitcoin’s Critical Support Level

Still, Melanie’s launch has created concerns across the crypto market even with signs of improvement. Seems like the meme coin still manages to pull out liquidity that would have otherwise been directed towards BTC or other altcoins.At the time of writing, BTC is still at $107,648, and it has risen by 3.37% in the last 24 hours.

At the current stage, almost $492 million has been invested in Melanie. This has raised concern of a potential sharp price correction given that this is a massive injection of liquidity into the system. The price of meme coins has always been quite volatile, and many expect that the same will happen to Melanie.

Technically, Bitcoin is at a critical support level that was previously a downward resistance line. This is the level through which the cryptocurrency is trying to move past in an effort to begin the recovery process. Bitcoin can only experience more declines if it cannot rally and surpass this level.

Bitcoin Dominance Remains Strong

The environment in the broader market is still very much unpredictable. It has been seen that new presidents have often presided over a strong market environment. Trump has also supported BTC and is reported to have suggested the creation of a Bitcoin Strategic Reserve which many investors see as a positive for the long term.

Nevertheless, the overall market situation has been rather volatile lately, but the dominance of BTC has not been affected. As evidenced by the rising number of addresses containing more than 100 BTC, the big players remain optimistic. This could assist the cryptocurrency withstand the current meme coin hypothesis.

The market is now in the consolidation mode with BTC is stable at the current support level. So, investors are waiting for a breakout that may signal the beginning of an altcoin season. If BTC starts to go up, it can also cause other crypto currencies to go up as well.

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Source: CryptoRover

For the time being, investors should be quite careful. This meme coin mania may persist and challenge the traditional coins, but Bitcoin fundamentals are sound. The coming few days will be quite decisive in the further price dynamics of BTC and the reaction of the cryptocurrency market to the political changes.

Ripple (XRP) Poised for a Big Move After Bullish Breakout: Will It Hit $4 Soon?

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  • Breaking out of a bullish flag, XRP eyes $3.70 with analysts predicting a move toward $4 if momentum sustains.
  • Currently trading at $3.11, XRP is up 25% this week after surpassing $3 for the first time since 2018, boosting market confidence.
  • Surging 566% since November, XRP’s $179B market cap strengthens its position as the third-largest cryptocurrency heading into 2025.

Ripple (XRP) has emerged from a bullish flag, which implies that a big movement up may be imminent. Ali Martinez pointed out this breakout in the recent X post, suggesting that the cryptocurrency may rise as high as $3.70 in the near future. This technical configuration is in line with XRP’s high momentum as it keeps on attracting the attention of the crypto market.

XRP Key Levels

At the time of writing, XRP is trading at $3.11; it has displayed strong volatility after reaching $3.40. This was the first time that cryptocurrency had crossed the $3 level since 2018, which speaks to the money being made in this coin. While it has pulled back some from its recent high, the cryptocurrency is still 0.20% higher in the last 24 hours and 25.12% higher for the week. The breakout also gives more confidence to the investors in the search for continued momentum towards the higher resistance levels.

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Source: TradingView

The bullish flag breakout has set the stage for XRP to retest $3.70, a 17.44% rise from the flag’s breakout point. If the price of token goes beyond this level, analysts say the cryptocurrency could hit $4, which is an important psychological level. On the downside, the $2.91 level is still pivotal support with a breakdown of this level putting the current up trend at risk of being the target of a reversal.

XRP Poised for Historic Gains

The current price trend of XRP is sustained by its substantial rise in the fourth quarter of 2024. Since the beginning of November, the cryptocurrency has increased by more than 566% with the market capitalization which has also doubled. Ripple’s token is now the third largest crypto with a market capitalization of $179.49 billion. There is a surge in the investment as more and more investors are coming into the market especially as token is positioning itself well in the digital asset market.

The market is still to concentrate on the capacity of coin to continue with the current trend of the market. A move above $3.40 could allow the cryptocurrency to reach its $3.70 goal. While the broader crypto market has been on an upward trend, and given the technical outlook of cryptocurrency, 2025 may be the year of change for the asset. Traders will be keenly watching out for Ripple token as it tries to sustain its latest bounce and move higher towards new highs.

Will Bitcoin (BTC) Break $106K Resistance? Key Levels to Watch Now

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  • Bitcoin is consolidating near $104K, forming a triangle pattern, signaling potential for a significant price move soon.
  • The CME gap at $104,072 is key, Bitcoin holding this level could open the door for the next major price surge.
  • As Bitcoin consolidates, the broader crypto market is seeing a rise, with Solana hitting new highs and altcoins poised for growth.

Bitcoin has now reached a critical consolidation zone, which will pave way for a major price action. Bitcoin is trading at around $104,300 and forms an upward trend line and a downward trend line that converge to form a triangle pattern suggesting a big move. In the last few days, the price of BTC has been relatively flat and the volatility has been low, although surprises are possible in the middle of the week.

Bitcoin CME Gap

In a recent YouTube video, Rover highlighted that the CME gap, at the moment at $104,072 is the other level of interest to watch for. If Bitcoin holds or is trading above this price point towards the end of the week, this might open the door for the next phase. The current consolidation is somewhat similar to what occurred in 2024, which is why Rover is counting on Bitcoin to kick off another rally. Specifically, Bitcoin has just surpassed its previous lows and previous downtrend, which has convinced many that a positive trend is expected to continue.

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Source: CryptoRover

The traders are looking for $106,000 to $107,000 as the next major barrier for Bitcoin. A breakdown of this range may see BTC fall to $90,000 while analysts expect the cryptocurrency to surge to $110,000, $115,000 or even $120,000 if it can break through this level. Long term targets have estimated the price of BTC to be at about $130,000 due to the ever rising confidence of the investors and the increasing demand of the asset.

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Source: CryptoRover

This price action of BTC is also in harmony with the past trends. The inauguration of President Trump which is set to take place tomorrow has in the past triggered major changes in the market. BTC has always perform well especially during presidencial transitions in the past and this is another area that traders should focus on. Since the inauguration of Trump in the United States, there should be a steep price change in the days to come.

Apart from BTC, the rest of the cryptocurrency market also appears to be in an upward trend. Bitcoin’s dominance is rising, suggesting that investors are seeking the asset during the overall market turmoil. Other major cryptocurrencies such as Solana continue to rocket to new record valuations, indicating a more generalized Crypto uptick.

The on-chain data also points towards the side of the bulls for Bitcoin. The number of addresses containing over 100 BTC has risen dramatically, which suggests that major investors are stacking up BTC with a view to future price rise. This is a good sign for BTC as institutional investors are definitely long term investors.

Altcoin Market Momentum

In the next week, the price of Bitcoin will be most likely to consolidate until the end of January. Traditional ‘bull and bear’ periods have typically taken place in the months leading to this period hence the current phase is critical for future prices. As political activities and investment demand rise, BTC is set to break past significant price barriers.

Other cryptocurrencies are also expected to rise. Solana for instance has recently registered new all-time highs indicating that retail investors are back in the market. According to the expert’s opinion, the rate of altcoins may grow in the nearest future, many of the coins may increase their value two or three times. It is now time for altcoins, and Bitcoin’s stagnation may act as the catalyst for the rest of the market.

As BTC is still trading near a crucial breakout, all attention is on the levels of resistance. Any decisive breakout above $106,000 may propel BTC towards $120,000 and possibly $130,000. Over the time the market has been advancing, Bitcoin continues to attract traders, investors, and analysts in the process.

Solana (SOL) Breaks Out: Can SOL Hit $4,700 in 2025?

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  • A breakout from a cup-and-handle pattern signals Solana’s potential rise to $4,700, with a 28.85% weekly gain.
  • Bullish chart patterns and strong growth in Solana’s market cap indicate a possible surge despite ETF approval uncertainty.
  • With a $116B market cap, Solana may rally further, reaching $4,700 and solidifying its position in the crypto market.

Solana (SOL) recently came out of a cup-and-handle pattern and this has caused much buzz in the crypto space On the 18th of January 2025, Ali Martinez came up with a forecast that the price of SOL could rise to $4,700. Now standing at $239.52, Solana has appreciated by 28.85% in the past week and these trends have surely enthused the traders and the investors.

Solana’s Market Performance

Martinez’s analysis captures the bullish nature of this breakout as seen from the chart above. The analysis implies that SOL is ready to grow significantly and the price may reach $4,700 or even exceed it. Such projection is in line with SOL as the market performance of the platform is remarkable at the time of this writing with market capitalization surpassing $116 billion. If the current trend persists, Solana may well see a big surge in the coming months.

However, the price action does not guarantee SOL a clear path towards wider financial adoption. There were no approvals of Solana-based ETFs in late 2024 as the US SEC denied several applications regarding the same. But its bullish chart patterns may still remain an attraction for institutional buyers and traders.

The cup and handle breakout is associated with continued upsurge, so many are keen to see if Solana can continue in the same direction. If the price keeps going up, SOL may hit new all-time highs, and cement its status as one of the top coins on the market.

SOL’s Rising Adoption

The token also depicts the increasing adoption within the crypto market as it rises. With market cap predictions expected to soar, SOL has become a favorite among investors as they eye the protocol as one of the most important players in the space. It will be a target of $4,700 that has potential of being reached in the near future which can cause a shift in price action of the token and make it one of the popular cryptocurrencies.

However, the fate of Solana’s ETF approval remains unclear, therefore, based on the technical aspect and the bullish sign, token could witness further growth in the future. There is room for SOL to rally from the current levels to $4,700 in the overall cryptocurrency market to even signal the start of a much larger uptrend.

Bitcoin Eyes $150K as TrumpCoin Boosts Market Liquidity and Altcoin Growth: Report

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  • Bitcoin surges through resistance levels, with a $150,000 price target, fueling bullish market sentiment.
  • TrumpCoin’s $7.7B market cap is boosting altcoins, as Bitcoin dominance weakens, sparking liquidity influx.
  • Institutional investments, like BlackRock’s ETF push, could drive Bitcoin to new all-time highs in 2025.

Bitcoin is trading on a bullish note with a great surge that has seen it break through its trading range. This move has been causing a lot of buzz in the market as Bitcoin could be on the verge of a price rally. A major trigger for this speculation is the development of a CME Gap at the $104,000 mark. In the past, Bitcoin price has usually fluctuate around the gap’s level until the end of the weekend when traders wait to fill the gap in the succeeding days.

Bitcoin Breaks Resistance Levels

This price movement has occurred after Bitcoin had broken through several resistance levels including a major downtrend resistance line. In a recent YouTube video, Rover highlighted that the recent breakout looks more like a beginning of a stronger uptrend. The price of Bitcoin is expected to surge and may race towards $150,000. This pattern supports the bullish view of BTC for the next few months, as more and more people expect the price to rise.

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Source: CryptoRover

On a larger scale, there is new life in the crypto market especially with the introduction of TrumpCoin. The newly launched cryptocurrency of Donald Trump has created a significant effect in the market and has reached a market capitalization of $7.7 billion. It has also received much attention since the token has already reached $300 million in liquidity. This development should be expected to open up more liquidity in the altcoin market, which could spur further investment in other digital assets.

TrumpCoin and other emerging altcoins will probably receive more attention due to attention paid to TrumpCoin and other similar cryptocurrencies. According to a recent analysis, with Bitcoin’s market share decreasing, altcoins are expected to have more pronounced price movements. The traders have predicted that the decline of the BTC dominance will lead to favorable conditions for the altcoins. The adoption of TrumpCoin may also enhance this form, and hence contribute to the development of altcoins in the market.

Institutional Inflows Boost Market

The price target of $150,000 for BTC is in line with the rest of the market. The inflows into Bitcoin and Ethereum have been quite robust in the past few weeks. For instance, BlackRock has pumped a lot of money into cryptocurrency ETFs, and this has boosted the market by billions of dollars. These institutional developments are bullish for the market, and could take BTC and other cryptocurrencies to new all-time high levels.

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Source: CryptoRover

Nonetheless, the analysts have expressed their concerns over the probable risks in the market. This comes as Bitcoin is soaring higher, they noted that altcoins may be volatile. Thus, TrumpCoin, while increasing the liquidity of the market, could attract more and more speculators which can cause fluctuations of short-term. However, the mood in the market is still optimistic, many investors are waiting for 2025 as a year of breakthrough for both Bitcoin and altcoins.

In the coming months Rover expects the market to keep on expanding, and BTC may hit new price records. The change of leadership in the market can enhance the investment in the other coins which will increase the depth of the market and the number of trading pairs. The next major BTC rally could be near as the crypto market progresses. As investors anticipate what could be a fascinating year for cryptocurrencies, they are paying a lot of attention to these trends.

Bitcoin (BTC)  Surge Signals Bullish Future: Will $150K Be Next?

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  • A powerful Bitcoin breakout could signal the start of a new bull market, with analysts eyeing record highs ahead.
  • Rising above critical resistance levels, Bitcoin’s current trend mirrors past cycles, suggesting a potential rally.
  • Growing institutional investment and political support, including Trump’s crypto policies, are boosting Bitcoin’s bullish outlook.

Bitcoin is experiencing a strong break out, investors are now hopeful that a new bull market is around the corner. As the cryptocurrency continues to increase, the analysts believe that this could be the starting point of a major price increase. The recent growth of Bitcoin coincides with the past trends indicating that a large rally could be in the offing.

In a recent Youtube video, Rover highlighted that Bitcoin’s surge happens at a critical moment in the market. In the past, Bitcoin has usually rally around this time in its cycle and the current scenario seems to mimic those previous trends. This week the cryptocurrency managed to overcome a critical downward resistance level suggesting that the price may continue to rise. With the price of BTC rising, some investors think the market is providing hints of a bigger surge to come.

image 63 35
Source: CryptoRover

Bitcoin Breakout Could Hit New Highs

At the moment, Bitcoin is trying to break through a very important level of resistance at $102.3K. If the price remains above this level and also validates the breakout, it could be setting itself for new record highs. Nonetheless, the $102,600 remains a critical level as BTC has previously been rejected at this level. The next direction of the market will be defined by how BTC responds to this level.

The timing of Bitcoin’s rally is also in connection with some politico-legal events that have happened in the United States such as the remarks made by former president Donald Trump on BTC. Trump has backed the idea of having a reserve of domestically listed digital assets such as Bitcoin, Solana, XRP, and USDC. His statements have increased the morale of investors, as they expect his policies to result in positive legal framework for the cryptocurrency space after he comes into power.

This political change has impacted BTC and various altcoins including Solana and XRP. This is because Trump through his policy options has concentrated on the U.S based cryptocurrencies and this has boosted the investors’ confidence and consequently a rise in these altcoins. This has left many people to think that clear regulatory frameworks might be possible in the Trump administration and which could open up even more opportunities for the use of cryptocurrency.

BTC Bullish Outlook Ahead

The cryptocurrency has recently crossed many resistance levels, and Rover is expecting a target of $150,000 shortly. This projection is backed up by historical BTC price action which indicates that Bitcoin may very well push even higher after a significant break. 

image 64 2
Source: CryptoRover

One of the reasons that bolster the upward trend of Bitcoin is its low liquidity. Since there are few bitcoins in the market for sale, the quantity which is scarce is anticipated to lead to a higher price. This trend that has been observed in previous bull markets leads to the conclusion that BTC may well continue its growth as long as demand is strong.

The interest from institutions in BTC is also rising. The world’s largest asset manager BlackRock has bought significant amounts of Bitcoin and Ethereum showing more institutions are investing in the cryptocurrency space. This has played in to the positive sentiment around BTC which has only added more fuel to the current price rise.

image 65
Source: CryptoRover

As the price of BTC goes on to break key resistance levels, the market is expected to move further up in the next few weeks. On the political front, things are looking good while on the technical front, the signs are encouraging, and institutional investment is picking up steam, and that is why Bitcoin’s outlook is still bullish. If these trends continue to hold, BTC may very well be in a position for a major price increase and could testing new record high levels in the near future.

Cardano (ADA) Breakout Sparks $2 Buzz: Is This the Start of a Massive Rally?

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  • Cardano (ADA) regains investor attention after breaking key resistance, signaling potential for a rally toward the $2 milestone.
  • ADA’s bullish breakout from a symmetrical triangle highlights strong buying momentum, supported by RSI and Elder-Ray Index readings.
  • Trading at $1.12, ADA eyes $1.34 and $2 if $1.03 support holds, while a failure risks a pullback to $0.94 within the triangle.

Cardano (ADA) prices have regained investors’ interest following a major breakout, raising the possibility of the coin reaching $2. After a period of stability, the cryptocurrency’s latest trading indicated that the digital currency could be primed for a prolonged rally after breaking through certain barriers.

ADA’s Trading Breakthrough

In recent weeks, ADA has been depicted within a symmetrical triangle formation, a chart formation that can serve as a harbinger of a directional ambiguity. This pattern characterized by lower high and higher low progressively depicts a channeling price range. Within this triangle token has been trading from December 3 to January 15 while the rest of the market cap stayed mostly flat.

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Source: TradingView

For the past week, increased buying pressure for Cardano saw a breakout past the upper boundary of the symmetrical triangle. This action that was announced during the trading session of Thursday changes the market sentiment greatly. The breakout indicates that, buying pressure has exceeded the selling pressure, this is a positive development for the altcoin.

Analytical tools complement the bullish thesis regarding ADA’s price action. The overbought or oversold condition of an asset can be measured with the help of the Relative Strength Index (RSI) which currently is at 62. This level shows that the bullish pressure is quite significant; however, it still has some more space in order to expand before it reaches over bought zone. 

Bullish Targets Ahead

ADA price is at present standing at $1.12, which has broken through the $1.03 level that was the upper limit of the symmetrical triangle. The analysts think that if this level is successfully tested again, then $1.03 can be considered as key support level. If confirmed, Cardano may target its recent high at $1.35 and break through to $2 in further upward trend.

ADAUSDT 2025 01 17 17 44 45
Source: TradingView

Nonetheless, if the $1.03 level is not achieved in retracement, Cardano could fall back into the symmetrical triangle with a potential low of $0.94. Investors are hoping for a confirmation of the strength of the breakout as ADA’s trading continues to establish itself during a crucial period.

Given that the technical indicators are on the rise, and the demand for altcoins continues to increase, this recent breakout of Cardano may signal more impressive gains. The market is keenly observing, and ADA is still one of the most likely coins to experience a bullish trend in 2025.

Bitcoin’s Next Big Move: Is the Cryptocurrency Market Ready for a Surge?

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  • Bitcoin surges past $89K, testing a crucial resistance level; a breakout could signal an imminent upward trend.
  • After a $500M liquidation, Bitcoin swiftly recovers, but remains in a lower-high structure, making a breakout vital.
  • Bitcoin’s consolidation forms a bullish pattern; limited supply and rising institutional demand suggest strong long-term prospects.

Bitcoin has now shown a significant rise after it had fallen to levels below $89,000. This has given the market a boost as the cryptocurrency is now trying to breakdown an important resistance level. This level has been important in previous price cycles, and BTC has had difficulty surmounting this level thus far. If Bitcoin is able to break through this level, it may well indicate that an upward trend is imminent.

After the dip, a liquidity sweep liquidated $400 to $500 million of longs. This market correction made a swift recovery, which is common with Bitcoin since it is a very volatile cryptocurrency.

Bitcoin’s Lower High Structure

However, the price of Bitcoin has still remained within the confines of a lower high structure. While it is still trading below the previous high, bearish pressure might come into play, and that is why it is important for Bitcoin to break this level of resistance to indicate further upward momentum.

If it breaks above $102,000 and retest this level it will show a major bullish trend. For now, however, the market continues to hover around pivotal support and resistance levels, and is therefore volatile. The price of BTC is undergoing a consolidation process which could be shaping up an uptrend. Markets have been noted to have formed a falling wedge pattern which is a bullish pattern that is followed by a price breakout. 

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Source: CryptoRover

Still, other opinions hold that BTC is in a descending triangle or symmetrical triangle pattern. These interpretations indicate that price action of BTC is still in the consolidation territory, and additional movements are anticipated prior to the development of a new trend.

Interestingly, BTC recent surge seems to be in isolation from the traditional financial markets. While the S&P 500 index was also rather stable, BTC pushed through the nascent growth, which proves the transformation of the cryptocurrency market.

Bitcoin Supply and Demand

Looking at the previous all-time highs, BTC has always consolidate after surging through them. This has been the case in the earlier bull markets. If this cycle will be similar to the previous ones, then we may expect a substantial price change in the near future.

There are also other factors that affect the price of Bitcoin and the movement of its price. There are speculations that US President Donald Trump is likely to sign executive orders that could have positive impacts to the crypto space thus lifting the morale of BTC investors.

Furthermore, the supply of BTC is rising at a slower rate than its demand. People who hold coins for a long time are moving coins out of exchanges and thus decreasing the supply of coins. This limited supply was also seen as a possible way of raising prices in the future as demand continues to rise.

Even though the outlook for Bitcoin is still bright, investors should still be careful. In order to guarantee that the trend will keep on rising, BTC must penetrate some important barriers. Until such a move occurs, the market will remain in consolidation mode and there could be short term fluctuations.

While the short term price activity of the Bitcoin remains unpredictable, the long-term future seems to be bright. Such factors as scarcity, and increasing institutional demand make it possible to speak about the positive future of BTC.

Ready for Huge Profits? Ethereum’s 928% Trade Setup Explained

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  • A new high-risk, high-reward Ethereum trade setup could yield 928% profits for experienced traders using 8X leverage.
  • The leveraged Ethereum strategy involves an 8X margin, offering large gains but demanding strict risk management and quick decision-making.
  • Ethereum is expected to rise, with entry points at $3,300, $3,150, and $3,000, and profit targets reaching up to $6,996.

A new long Ethereum trade idea has been outlined by Alan Santana, and this could lead to an impressive 928% profit. In the recent post on X, Santana described a leveraged long position on Ethereum with a clear understanding that this is a high risk high reward setup. The setup could generate good returns for the right person or a group of people with the right experience and risk appetite.

Leverage trading is a somewhat advanced trading method that increases both profit and loss depending on the direction the trade is going in. According to Santana, the approach is not ideal for the novice trader, but it can prove effective for the experienced trader familiar with the market. If one is well prepared with the right time, and a proper chart layout, leveraged trading is a great way to make money.

Ethereum Trade Setup 

Santana’s trade setup is on Ethereum, which he expects to rally further. The proposed entry levels are $3,300, $3,150 and $3,000 with the anticipation that the price will increase up to several goals. Such targets can be as low as $3,900 and as high as $6,996, therefore giving a chance for an investor who has entered the market at the right time to make huge profits.

The strategy also has specific delineated exit points. If Ethereum attains any certain level, traders may elect to exit the market at every level. However, the plan has the stop loss at $2,900 to prevent further losses should the market become bearish on the trade. Santana, however, notes that the risk is high and that traders need to be prepared to take action at any one time.

Managing Risk with Leverage

Leverage being 8X, it means that both the gain and loss can be eight times than the actual investment. The analyst suggests that a trader should not risk more than 5% of his or her capital in this trade; thus, a huge loss will not affect the trader too much. Leverage is important to consider in trades and particularly when using Ethereum, one of the most volatile assets.

Although the benefits are promising, there are disadvantages to the trade. Cryptocurrency trading is highly unpredictable and this makes timing a key factor for this strategy. According to Santana, Ethereum is rising but the market is volatile and any change could occur at any time meaning quick thinking is important.

As you can see from the chart above, this Ethereum leveraged trade setup presents a rich trading opportunity for those with prior knowledge in trading. But it is not for the weak-stomached the least. It calls for skill, discipline and an understanding of the market if it has to be implemented effectively.

Bitcoin’s (BTC) Dip: Consolidation Phase or the Start of a Historic Bull Run?

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  • Bitcoin network activity hits a yearly low, signaling a consolidation phase rather than the end of the current bull run.
  • Resistance at $92,000 triggers a pullback, with $86,000 and $73,000 key support levels shaping near-term price movements.
  • Macro trends and halving cycle data suggest a 2025 peak, making Q1 a strategic accumulation phase for Bitcoin and altcoins

The number of transactions on the Bitcoin network reached its lowest point since November 2024 with only 667,100 active addresses. However, it happens at the same time as a notable price correction; however, experts believe that it is part of a general correction rather than the end of the current bull market.

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Source: Ali

Bitcoin Consolidation Before Rise

The cryptocurrency recently faced resistance at the $92,000 level, which has previously acted as a support level and a resistance level in previous cycles. A rejection at this level led to a pullback which formed what Rover described as a descending triangle. This pattern points to further near-term falls if support is broken again. If the bearish view comes into focus, levels of interest are $86,000 and $73,000.

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Source: CryptoRover

However, short term volatility is a clear possibility and there are still many signs pointing to the upturn of the market. The Pi Cycle Top Indicator which is used to predict the market tops does not indicate that the price of Bitcoin has peaked. Also, the Bitcoin halving cycle suggests that the market may reach its pinnacle during 2025 most probably between the months of March and November. The current decline may be consolidation phase as historical analysis indicate that consolidation is often followed by a rise.

Bullish Long-Term Outlook

Bitcoin price behavior in the short term can be also influenced by macro factors. The S&P 500 declined in recent days and this has weighed on BTC because the cryptocurrency is increasingly being linked to traditional markets. But Bitcoin is still trading near the key support levels inside the symmetrical triangle, signaling that the bulls are still in control of the market.

While BTC usually sets the trend for altcoins, these other currencies have not yet seen the same level of price appreciation in 2025. Observers of the market have pointed out that the first quarter of a year after Bitcoin halving tends to see altcoins run up in value, so the current levels could be attractive to buyers. For example, Ethereum rises after a bullish breakout from a bull flag pattern.

On the longer timeframe, the Bull case for Bitcoin is robust, with liquidity metrics showing that a lot of the downward pressure has been metabolized by the market. Rover has projected a possible ascent to $99,000, with possible short liquidations causing additional increases.

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Source: CryptoRover

The broader market is looking for a spark that will propel the next phase of the BTC ascent. People have high expectations from the new U.S administration policies and their impact on cryptocurrency adoption. As the market consolidates, many believe this is the beginning of the next major bull cycle and therefore a good time for investors to make strategic investments.