Crypto News

Bitcoin embarked on a brief downward correction after tapping the $95,500 resistance. It dipped below the $95,000 and $94,500 support levels, as if the digital coin had second thoughts about going higher.

But wait, it gets better. The most recent dip, that modest retreat, merely brushed against a timeworn demand zone, a place where hope still lingers from $0.57 to $0.78. And lo, it didn’t fall but sprang back, marking a classic higher low (HL) like a phoenix from the ashes. The price, ever determined, now stands above the 50-week exponential moving average, which has become something of a beloved trampoline for the coin. Two green candles burst forth, a small yet mighty sign of life, as if to say, “Watch this space.”

According to this chart-waggling sorcerer, XRP is wobbling on a tightrope, tiptoeing across a ‘rising wedge’ – which sounds suspiciously like something you find in a Roald Dahl lunchbox. Apparently, a monstrous trap is brewing! Brave bears (not the cuddly ones) are about to be tossed overboard as the price teeters between “merely ghastly” and “historically squishy.” The up-and-down dance seems to be nothing but a naughty retrace in a much nastier, bear-shaped jamboree.

Josh highlights a potential “inverse head-and-shoulders” pattern (that’s trading-speak for “looks like a confused dog tilting its head twice”), happening between February and April. Our four-legged friend’s price is playing a cute game around $0.14 to $0.18—like it’s sniffing for a right shoulder low to match its March left shoulder and April head. Hopefully, this pupper knows what it’s doing.

Once more, dear buyer, the bulls breathed life above the $93,500 limit, scaling the cruel steps to $94,200, as if mocking the inevitability of loss. Their anthem peaked near $95,488—a fleeting high, a cruel mirage—soon drowned by the icy descent below $94,200.

Now, behold the bold minds — the core developers, modern alchemists of code — whispering about pushing the network’s gas limit not just a little, but a hundredfold beyond the horizon known today. Dankrad Feist, a brave mole digging deep into Ethereum’s foundation, has sketched a mad manifesto on GitHub: EIP-9698. His vision? To coax the gas limit from a modest 36 million to a staggering 3.6 billion in four years. A dream or a folly? Time, like a stern foreman, will judge.

As Coinbase graciously informs us, the Bitcoin Yield Fund is set to provide an annual net return between 4% and 8% on the investors’ Bitcoin holdings. No small sum, one would think! It seems that Bitcoin, once the darling of wild speculation, has now matured into a steady source of income. So, for those sitting on their BTC, it is time to sit up and take notice. Will this fund truly deliver? Time will tell, but the promise of *such* returns has undeniably caught the attention of many.

This dogged adherence to the trendline, this defiant hold above the abyss, whispers sweet nothings of market euphoria: bulls, those ever-hopeful beasts, maintain their momentum even as shadows of doubt flicker with minor pullbacks. UniChartz, ever the prophet, assures us that as long as PEPE pays homage to this trembling support, a grand ascendance awaits—like a rocket primed on a spring, ready to launch skyward, or so we pray.

Enter Burak Kesmeci, crypto oracle and part-time internet whisperer, with a cryptic riddle wrapped in a tweet: “Will Bitcoin’s price dance break the chains soon, or fall back into the abyss?”

XForceGlobal, who apparently holds the prestigious badge of Korea’s first certified Elliott Wave analyst (because who else?), insists that XRP has wrapped up its crying-in-a-corner phase—called a correction cycle—and is primed to sprint into what fans call a “bull run.” Sounds almost too good to be true, but hey, stranger things have happened alongside crypto.