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As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Related Reading: Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December, BTC surpassed the $100,000 barrier for the first time, reaching a new all-time high of $108,353 mid-month. Over the last 30 days, the flagship crypto has moved between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of the month. Nonetheless, Bitcoin has registered a 10.5% decline since hitting its ATH, failing to hold the $98,000 level over the last two weeks. The largest cryptocurrency by market capitalization saw a brief recovery on December 25 but quickly lost its Christmas rally gains. Since then, BTC’s price recorded its deepest retrace since the start of December. Bitcoin fell below the crucial $92,000 support zone on Monday, dipping to $91,530 before recovering, raising concern about BTC’s monthly close. However, New Year’s Eve started with a 4.2% surge throughout the morning, fueling end-of-year optimism about a price rebound. The cryptocurrency’s price moved from $92,000 to $96,000 before retracing to the $95,000 support zone. As the BTC’s price climbed, crypto analyst Ali Martinez noted that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year’s Day price bounce. ‘All Is Well’ For BTC’s Rally Martinez suggested that “a sustained close above $94,700 could lead to a rebound to $97,500.” As the analyst previously pointed out, this level is one of BTC’s most significant support zones, and reclaiming it is key for the cryptocurrency’s short-term rally. On the contrary, “losing $92,500 as support will invalidate the bullish signal,” Martinez added. Losing this level could also send BTC to the $70,000 level based on the UTXO Realized Price Distribution (URPD) chart. The analyst has stated that a 25% crash to the $70,000 mark is possible, as the URPD chart shows minimal support below the key support wall. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Meanwhile, James Van Straten noted that “all is well” despite BTC’s current price action. The analyst highlighted that “this cycle as with the previous three cycles for BTC, all saw corrections at this point after the halving,” adding that the “corrections are starting later and finishing later. Maybe, to do with elongated cycles.” As of this writing, Bitcoin is trading at $94,949, a 1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
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Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing
An altcoin on the frontier of where crypto meets science is coming alive following a new Binance listing. According to Binance, the world’s largest crypto exchange by trading volume just expanded trading services for BIO Protocol ( BIO ). “Fellow Binancians, Binance is excited to announce that BIO Protocol (BIO) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures…” In the hours following the announcement, BIO flew from $0.6738 to its current going price of $0.8382, a 23.5% increase. BIO is an Ethereum ( ETH )-based ERC-20 token. According to the protocol’s website, BIO Protocol aims to “accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the ability to collectively fund, build and own tokenized biotech projects and intellectual property (IP).” The protocol places itself as a financial layer meant to help catalyze talent and financial inflows to decentralized science. It seeks to aid the formation of “bioDAOs” (decentralized autonomous organizations) that will help fund and self-govern scientific IP internationally from researchers, companies, and universities. One essential element of the protocol is decentralized data sharing, allowing researchers to keep IP and data ownership throughout scientific collaboration. BIO Protocol went live on-chain in concurrence with the Binance announcement. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing appeared first on The Daily Hodl . NewsBTC
Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg
Economist Henrik Zeberg says that the Solana ( SOL )-based memecoin dogwifhat ( WIF ) is mirroring Bitcoin’s ( BTC ) setup from November. In a new post on the social media platform X to this 172,200 followers, Zeberg says WIF could leap to the $19 range. “Just before the large run of BTC in November we saw the same technical strength as we currently see in WIF – Positive Divergence in RSI – MACD about to Cross in a Bullish manner – RVGI moving higher All this while price has been pushing into a Descending Wedge – in larger wave 2. TRANSLATION: WIF is about to explode higher in larger wave 3 – in an extended move which may reach as high as 18-19 USD in this next move!” Source: Henrik Zeberg/X WIF is trading for $2.02 at time of writing, up 13% in the last 24 hours. A move to $19 would represent a percentage increase of approximately 840%. Yesterday, Zeberg said the crypto market is suddenly flashing bullish for altcoins while warning of worsening macro conditions. “We have had the first initial push in wave one of the BTC Dominance Index. Hardly noticeable! It will be in wave three (which starts now) that we really see the big push in altcoins. And it only ends after another three waves from here in wave three, wave four, wave five. When? We will have to see! Most importantly is to be on the right side of the trade.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg appeared first on The Daily Hodl . NewsBTC
