Features Crypto News by Thebittimes.Com

An analyst known for timely altcoin calls believes that new record-level prices are on the horizon for the payments altcoin XRP (XRP). Pseudonymous analyst Pentoshi tells his 870,600 followers on the social media platform X that XRP’s chart looks bullish and that the altcoin might see new all-time high prices in the coming weeks. But for now, Pentoshi thinks that XRP will take a breather before sparking the next leg up. “XRP: This is probably going to do price discovery in the next two weeks as well, in my opinion… XRP looks disgustingly good even on the BTC pair, to be honest… Also, one with quite a few tailwinds and held up very well for the past several months.”  Source: Pentoshi/X As for XRP’s tailwinds, Pentoshi says the altcoin may benefit from Ripple’s push to obtain a banking license and the potential passing of stablecoin regulations into law. Looking at the broader altcoin market, the trader says he’s ...

A widely followed trader says Bitcoin (BTC) is not done printing new all-time highs after breaking out of key resistance levels this week. Analyst Ali Martinez tells his 138,400 followers on the social media platform X that Bitcoin has entered a price discovery phase and may soon increase by more than 33% of its current value. In crypto trading, price discovery generally refers to an asset soaring to uncharted territory and new all-time high levels. “Bitcoin is trading at new all-time highs, entering price discovery. The next key levels to watch are $116,000, $126,000, $136,000 and $148,000!” Source: Ali Martinez/X Bitcoin is trading for $111,042 at time of writing, up 1.8% in the last 24 hours. Next up, the analyst suggests that Ethereum (ETH) is completing an inverse head and shoulders pattern, a bullish reversal pattern in technical Analysis . “If Ethereum breaks above the $2,588 resistance, it could trigger a bullish move toward $3,000....

A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC. The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside. BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC. “Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red). Any dips into 64% would constitute a retest. A successful retest would enable final trend continuation on the road to 71% (green box).” Source: Rekt Capital/X At time of writing, Bitcoin dominance currently stands at 64.82%. Next up, the analyst says that Bitcoin needs to hold a key support level at $93,500 on the weekly chart to maintain bullish momentum. ...