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Veteran trader Peter Brandt has predicted a slight slump for Bitcoin’s (BTC) price before a major rally with his latest observations of a recurring pattern he calls the “Hump, Pump, and Dump.” In a tweet on Saturday, Brandt suggested Bitcoin could face one final pullback or extended sideways movement before a major rally, potentially driving the price to over $150,000. “The big question in my mind is whether Bitcoin will get one more dump (or lengthier congestive chop) before the pump. Remember, markets generally do not sour until retail traders get worn out,” Brandt wrote, alongside a chart showing a possible slight dip before the next big leg up. The tweet comes just days after the seasoned chartist pointed out the significance of a head-and-shoulders pattern forming within the larger hump-pump cycle. On Dec 29, Brandt commented , “ This is a head-and-shoulders top pattern. It might complete and take price to $78,000; it might fail with a thrust higher; or, it might morph into something else. But as it stands, it must be dealt with for what it is.” Notably, the “Hump, Slump, Pump, and Dump” cycle has historically characterized major Bitcoin bull runs. This pattern typically begins with an initial price surge (hump), followed by a retracement (slump), a recovery (pump), another correction (dump), and a final explosive rally (pump). “ This is the price behavior that separates chumps from their money,” Brandt has previously said about the pattern, highlighting how retail investors often FOMO into pumps only to sell at a loss during dumps. Supporting Brandt’s thesis, CryptoQuant CEO Ki Young Ju and other analysts have recently echoed the likelihood of this pattern playing out again. Elsewhere, popular crypto analyst Axel Kibar, in a recent tweet, Kibar suggested that the head-and-shoulders formation could initially target $80,000 before further growth . That said, recent Glassnode data adds weight to the possibility of a continued consolidation phase. While Bitcoin prices are about 12% lower than recent highs, long-term holders (LTH) are still distributing their holdings, albeit at a slower pace. Glassnode analysts noted that the 30-day distribution rate has reached extreme values seen in past cycles. However, according to the analysts, this doesn’t necessarily indicate the end of the bull market. “ In previous cycles, prices continued to rise even after LTH distribution peaked,” they explained on Jan. 10. Interestingly, the supply held by newer investors, or coins aged less than three months, has risen to 49.6%, signaling robust demand from fresh market participants. At prior cycle peaks in 2018 and 2021, this metric reached 85% and 74%, respectively. BTC was trading at $94,191 at press time, reflecting a 0.14% drop in the past 24 hours.
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Famous ETF Expert Made 10 Predictions for the Cryptocurrency Market in 2025 – “XRP, Solana…”
Nate Geraci, president of The ETF Store, has made bold predictions about cryptocurrency ETFs, predicting transformative change under the new Trump administration. Geraci predicts 2025 as the “Year of Crypto ETFs,” citing a more crypto-friendly regulatory environment and significant changes in leadership at the U.S. Securities and Exchange Commission (SEC). Geraci believes the Trump administration will take a markedly different stance on digital assets than its predecessor. He notes that crypto advocate Paul Atkins is expected to be appointed as SEC Chairman, and a new “chief crypto officer” role has been created to be filled by Silicon Valley veteran David Sacks. A crypto advisory council made up of industry executives, led by Sacks, will reportedly help shape the administration’s digital asset policies. Related News: Adopting Bitcoin Provided El Salvador with an Unanticipated Benefit - Official Data Revealed In this context, Geraci made ten important predictions for the cryptocurrency ETF market: Bitcoin Spot ETFs to Surpass Gold ETFs: Geraci predicts that spot Bitcoin ETFs will surpass physical gold ETFs in terms of asset size, driven by increasing institutional and retail interest in Bitcoin. Spot Ethereum ETF Options Trading: Approval for Ethereum ETF options trading is on the horizon, signaling greater flexibility for investors. In-Kind Creation/Redemption for Bitcoin and Ethereum ETFs: Regulatory changes could allow for in-kind creation and redemption, streamlining the ETF market. Ethereum Staking ETFs: Spot Ethereum ETFs with staking features are expected to emerge, adding a new dimension to crypto ETFs. Launch of Innovative ETFs: Bitwise is expected to launch the Bitcoin Standard Corporations ETF, which focuses on companies that have adopted the “Bitcoin standard” with assets exceeding $1 billion. Proliferation of Crypto ETFs: Geraci predicts that at least 50 more crypto-related ETFs will emerge, ranging from options-based products to Bitcoin bond ETFs. Spot Solana ETFs: Solana spot ETFs are awaiting approval. Spot XRP ETFs: Spot XRP ETFs are also expected to receive regulatory approval. Crypto Index ETFs: Bitwise and Grayscale likely to receive approval for crypto index ETFs. Vanguard`s Entry Into Crypto ETFs: Vanguard, known for its conservative approach, may finally allow brokerage access to spot Bitcoin and Ethereum ETFs. Much of this progress, Geraci noted, will depend on regulatory clarity, particularly around whether digital assets are classified as securities or commodities. This clarity is expected to determine the jurisdiction of the SEC and the Commodity Futures Trading Commission (CFTC). *This is not investment advice. Continue Reading: Famous ETF Expert Made 10 Predictions for the Cryptocurrency Market in 2025 – “XRP, Solana…” ZyCrypto
Solana’s Price Action Shows Potential for Recovery Amid Technical Indicators and Key Support Levels
Solana’s recent price action suggests a promising bullish trend as it bounces back from a key support level, indicated by Fibonacci retracement analysis. The altcoin’s technical metrics show resilience with ZyCrypto
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Bitcoin vs Ethereum: Comparing The Two Giants
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