4 hours ago
Widely followed quant analyst PlanB says Bitcoin’s ( BTC ) latest correction is now raising questions as to whether its bull cycle is on the verge of ending. In a new strategy session, PlanB says that while on-chain data suggests Bitcoin remains in a bull cycle, a lack of new all-time highs since January may indicate a bear market is starting to form. “Some questions about the Bitcoin market cycle chart. It is still measuring ‘bull market’ (red) in on-chain data. But as I explain in today’s video, we are at a crossroads.” Source: PlanB/X The analyst says there remains the potential of a V-shaped recovery after Bitcoin’s correction that tapped about $78,000 last week. “In bull markets, we can have multiple dips that are 20% or even 30% minus. However, it was still an unexpected dip. I expected more all-time highs after January’s all-time high and I expected February to be an all-time high as well, above $102,000. So we’re really at the crossroads right now. Either we’ll have a red hot bull market, a continuation of the bull market, or we enter the distribution phase into a bear phase. So what will it be? I don’t know. That’s a big question. Was this the top and is this the start of the bear market, or will we see a V-shape recovery and more bull market action?” Source: PlanB/X Based on historic precedence, the analyst says Bitcoin is likely to rally from current prices and print new all-time highs. “Yes, it has been at this crossroads each and every halving cycle. In all cycles the market has chosen bull/FOMO (fear of missing out) from here, but we have had only four cycles, not really enough to say something statistically sound. Fingers crossed for this fifth cycle.” Bitcoin is trading for $84,377 at time of writing, down 6.5% in the last 24 hours. 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: DALLE3 The post PlanB Says Bitcoin Bull Market at New Crossroads Following Deep Correction – Here’s His Outlook appeared first on The Daily Hodl .
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Crypto Whales Gobble Up $2,510,550,217 in XRP and Cardano (ADA) in Just a Day, According to Analyst
![A closely followed analyst says deep-pocketed investors are heavily loading up on two large-cap altcoins as the crypto market witnesses an abrupt spike in volatility. Trader Ali Martinez tells his 129,500 followers on the social media platform X that crypto whales snapped up about $2.16 billion worth of the payments altcoin XRP in just one day. “Whales bought nearly one billion XRP in [24 hours!]” Source: Ali Martinez/X At time of writing, XRP is trading for $2.41. Turning to the layer-1 protocol Cardano, the trader unveils that deep-pocketed investors accumulated over $345 million worth of ADA over the same time period. “The largest whales on the Cardano ADA network have bought 420 million ADA in [24 hours!]” Source: Ali Martinez/X All in all, crypto whales pocketed $2.51 billion worth of XRP and ADA in just a day. At time of writing, ADA is trading for $0.86. Turning to the charts, Martinez warns that XRP appears to be flashing a head-and-shoulders pattern, a bearish reversal structure that may indicate the uptrend is over once the asset moves below the pattern’s neckline. “XRP could invalidate this head-and-shoulders pattern with a daily close above $3, potentially paving the way for a rally to $5!” Source: Ali Martinez/X Based on the trader’s chart, he seems to predict that XRP will plummet to $1.20 if it breaches the pattern’s neckline at $2. As for Cardano, the crypto strategist says he sees ADA igniting rallies if it takes out a key resistance area. “Cardano ADA could be poised for a rally to $2.20! Watch for a 12-hour candlestick close above $1.19 to confirm the bullish breakout.” Source: Ali Martinez/X 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 Crypto Whales Gobble Up $2,510,550,217 in XRP and Cardano (ADA) in Just a Day, According to Analyst appeared first on The Daily Hodl .](/image/67c7a33edda41.jpg)
A closely followed analyst says deep-pocketed investors are heavily loading up on two large-cap altcoins as the crypto market witnesses an abrupt spike in volatility. Trader Ali Martinez tells his 129,500 followers on the social media platform X that crypto whales snapped up about $2.16 billion worth of the payments altcoin XRP in just one day. “Whales bought nearly one billion XRP in [24 hours!]” Source: Ali Martinez/X At time of writing, XRP is trading for $2.41. Turning to the layer-1 protocol Cardano, the trader unveils that deep-pocketed investors accumulated over $345 million worth of ADA over the same time period. “The largest whales on the Cardano ADA network have bought 420 million ADA in [24 hours!]” Source: Ali Martinez/X All in all, crypto whales pocketed $2.51 billion worth of XRP and ADA in just a day. At time of writing, ADA is trading for $0.86. Turning to the charts, Martinez warns that XRP appears to be flashing a head-and-shoulders pattern, a bearish reversal structure that may indicate the uptrend is over once the asset moves below the pattern’s neckline. “XRP could invalidate this head-and-shoulders pattern with a daily close above $3, potentially paving the way for a rally to $5!” Source: Ali Martinez/X Based on the trader’s chart, he seems to predict that XRP will plummet to $1.20 if it breaches the pattern’s neckline at $2. As for Cardano, the crypto strategist says he sees ADA igniting rallies if it takes out a key resistance area. “Cardano ADA could be poised for a rally to $2.20! Watch for a 12-hour candlestick close above $1.19 to confirm the bullish breakout.” Source: Ali Martinez/X 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 Crypto Whales Gobble Up $2,510,550,217 in XRP and Cardano (ADA) in Just a Day, According to Analyst appeared first on The Daily Hodl . The Daily Hodl
XRP and Cardano Surge While Bitcoin and Ethereum Decline Amid Regulatory Changes Following Trump’s Election
In the wake of U.S. President Donald Trump’s recent election win, XRP and Cardano have surged dramatically, showcasing the volatile nature of the cryptocurrency market. While XRP and Cardano have The Daily Hodl
