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Dutch Crypto Manager Spies Path For Bitcoin to $150K By October

US tech stocks in the Nasdaq Composite traded down -6.96% for the 1M window ending Apr. 18. But at the time, Bitcoin’s price notched a gain just under 1% for the month’s trades. That’s after a remarkable 4-day, mid-April bounce back to the $85,000 handle from the first bear test as low as $75,000 since BTC soared past that level last November on its way to $109,000 on Jan. 20th. BTC Cup and Handle Indicator Meanwhile, Bitcoin prices on crypto exchanges formed a bullish cup and handle chart pattern on the 1M view. The cup formed over 8 days from Apr. 4 through Apr. 12, with a long 6-day handle through Apr. 18. 24H trade volume peaked at $98 billion on Apr. 7 in the middle of the cup and declined to below $21 billion by Friday, Apr. 18, as in many typical pre-rally markets. 18mo. Support Line for Bitcoin Prices That bullish cup and handle market signal occurred right around a crucial inflection point for Bitcoin’s price along its long-term trend lines. The total market capitalization trend continues to be upwards and is holding a crucial support level for #Crypto . pic.twitter.com/7uaK2IHs54 — Michaël van de Poppe (@CryptoMichNL) April 16, 2025 MN Capital founder Michaël van de Poppe posted on Wednesday: “The total market capitalization trend continues to be upwards and is holding a crucial support level for #Crypto.” The accompanying market chart for BTC displays the downward correction from $109,000 since January, converging with the long-term support trend line for Bitcoin’s price since Q3 2023. $150,000 BTC by October? If BTC markets repeat the July through January rally’s performance while staying above long-term support, its price would top $150,000 by October. That target is in line with other analysts’ expectations. UK mega bank Standard Chartered forecasts $200,000 Bitcoin inside of 2025 and $500,000 by 2029. Popular stock tips website Motley Fool says $200,000 BTC in 2025 is “fairly probable.” BlackRock’s Larry Fink says if something really crazy happens in large hedge funds, markets could face $700,000 BTC. The post Dutch Crypto Manager Spies Path For Bitcoin to $150K By October appeared first on CryptoPotato . CoinTurk News

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ETH Price Analysis: Ethereum Drop to $1100 Not Impossible

Ethereum continues to suffer from extremely low market activity, with its price exhibiting minimal volatility – a concerning bearish signal. This stagnant behavior increases the likelihood of sellers pushing the cryptocurrency below the critical $1.5K support level in the coming weeks. Technical Analysis By Shayan The Daily Chart Ethereum continues to hover above the critical $1.5K support region, a long-standing psychological and structural level that has held since January 2023. However, the market currently exhibits extremely low activity, with the price consolidating in a muted, sideways manner. This lack of volatility and momentum suggests a state of uncertainty, with neither buyers nor sellers showing dominance. Such conditions often precede significant moves, as the market builds up energy awaiting new supply or demand. From a technical standpoint, bearish sentiment dominates the current price action. Should renewed selling pressure emerge, a decisive break below the $1.5K mark could trigger a cascade toward the $1.1K level. Still, a short-term corrective retracement toward the $1.8K resistance zone remains a possibility before sellers mount another attempt to breach the $1.5K support. The coming days are crucial, as price action around this level will likely dictate the direction of Ethereum’s next major trend. Source: TradingView The 4-Hour Chart On the 4-hour timeframe, Ethereum’s tight-range consolidation is clearly visible. The price is currently trapped between the $1.5K support and the upper boundary of the descending channel at $1.6K, reflecting a market in equilibrium. This balance suggests hesitation from both buyers and sellers. A breakout from this narrow range will be pivotal. If Ethereum manages to breach the $1.6K upper boundary, a short-term rebound toward $1.8K could materialize. Conversely, a breakdown below the $1.5K level will likely spark a significant downward move, potentially driving the price toward $1.1K in the mid-term. Source: TradingView Onchain Analysis By Shayan The funding rates metric serves as a crucial indicator of sentiment in the futures markets. Analysing its recent behaviour offers key insights into Ethereum’s potential next moves. Notably, both the price and the funding rates have been mirroring the patterns observed during the September to November 2024 period, a phase marked by prolonged consolidation and deep corrections that ultimately preceded a strong bullish rally. Such market conditions often reflect smart money accumulation, as informed investors take advantage of panic-driven selling and widespread distribution among retail participants. Currently, funding rates have dropped to near-zero values and are consolidating, suggesting that the market may once again be entering an accumulation phase. However, it is important to note that within such phases, further downside remains possible. The price may dip lower before a meaningful rebound occurs, offering even more attractive levels for accumulation by long-term investors. Source: CryptoQuant The post ETH Price Analysis: Ethereum Drop to $1100 Not Impossible appeared first on CryptoPotato . CoinTurk News