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Shiba Inu: BONE Soars 17% – Can It Break $0.50 and Reach $1?

Albert Brown
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Shiba Inu: BONE Soars 17% – Can It Break $0.50 and Reach $1?

Bone (BONE), the governance token of Shiba Inu DEX ShibaSwap, witnesses a massive surge nearing $0.50. Will this drive the uptrend to $1?

As the crypto market recovers, the market capitalization of the meme coin segment has reached $58 billion. Amid the recovering meme coins, Shiba Inu and its closely related coins like Bone ShibaSwap are on a bullish roll. 

The SHIB token has surged nearly 14% in the past 24 hours, while the BONE token marks an intraday rise of more than 17%. Will this recovery run propel the BONE token price to the $1 mark? 

BONE Price Analysis

The bullish recovery in BONE comes days after a core Shiba Inu team member, Lucie, highlighted the possibility of a massive comeback in the governance token. In a tweet, Lucie compared BONE to top altcoins like Cardano and XRP in their undervalued years, witnessing intense consolidation. 

In the weekly chart, the BONE token price has showcased a falling wedge pattern since early 2023. The short-term resurgence in the BONE token price marks a positive comeback within the wedge pattern.

Bone ShibaSwap Price Chart
Bone ShibaSwap Price Chart

With a 61% surge last week, the BONE token price completed a morning star pattern. Furthermore, with a bullish reversal pattern near the support trend line, the uptrend continues with a 12% surge this week. 

Currently, BONE token trades at a market price of $0.4124, with an intraday recovery of nearly 10%. Supporting the chances of a bullish comeback, the MACD and signal lines are on the verge of marking a bullish crossover. 

This will increase the possibility of a breakout rally in the BONE token. However, the 7-day high at $0.4778 marks a bullish failure to sustain dominance above the 50-week EMA line. 

Thus, the average line acts as a critical resistance close to the overhead resistance trend line. The dynamic resistance at $0.47, close to the $0.50 psychological mark, reveals a strong supply zone. 

BONE Token Price Targets

If the uptrend continues and BONE manages to break above the $0.50 psychological mark, the meme coin could experience a skyrocketing rally. Based on Fibonacci levels, this bullish continuation could bring the price closer to the 50% Fibonacci level, near the $1 psychological mark.

Top Analysts Say Cardano Explosive “Amazon Moment” is Here, Anticipate Major Move for ADA

Abdulkarim Abdulwahab
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0
Top Analysts Say Cardano Explosive “Amazon Moment” is Here, Anticipate Major Move for ADA

Cardano (ADA) could be on the verge of a significant price breakout, according to prominent market watchers Lucky Luciano and Dan Gambardello.

In a tweet to his 2.2 million followers, Bitcoin analyst Lucky Luciano shared an optimistic outlook on ADA, stating he is anticipating a major price move. He called attention to Cardano’s strong fundamentals and increasing adoption, which, in his view, positions it as a reliable choice in the crypto market.

Beyond ADA’s fundamentals, Luciano is bullish on the token based on its current chart formation.

ADA Bullish Flag Pattern

Accompanying Luciano’s tweet is a technical analysis of ADA on the daily timeframe, highlighting a bullish flag pattern. The pattern consists of a downward-sloping channel that follows a strong uptrend. Specifically, it suggests that ADA could soon challenge key resistance levels and pump hard.

Cardano’s historical price movements since the last quarter of 2024 show multiple rejection points at the upper boundary of the flag pattern. However, Luciano suggests that an impending breakout could push ADA toward the $1.30 level, extending further to $1.80 if bullish momentum continues.

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Cardano chart by Lucky Luciano

Interestingly, Luciano isn’t the only optimistic analyst regarding Cardano at this time. In a separate commentary, prominent market expert Dan Gambardello presented an even more ambitious outlook for ADA.

Gambardello: “Explosive Amazon Moment” is Here

Gambardello painted an optimistic future for Cardano by drawing parallels to Amazon’s growth in the early 2000s. According to him, Cardano’s “Amazon Moment” is just around the corner.

He pointed out that Amazon’s explosive rise followed a dramatic 95% stock crash during the dot-com bubble, which wiped out $2 billion in value.

At the time, many dismissed the company as just another failed dot-com project. However, Amazon’s resilience and founder Jeff Bezos’ long-term vision ultimately led to one of the most successful business comebacks in history.

Cardano Following Amazon Price Chart

Gambardello sees parallels between Amazon’s journey and Cardano’s early development. Like Amazon, Cardano has followed a long-term approach to building its ecosystem, focusing on scalability and sustainability. He believes that Cardano’s slow and steady growth, combined with macroeconomic changes, sets it up to capitalize on the coming “golden era” for crypto.

This ambitious comparison comes at a time when Cardano’s price is struggling. The bull season of the current cycle is nearing its end, and ADA is trading 75% below its all-time high.

Despite this, Gambardello maintains optimism, comparing Cardano’s chart to Amazon’s early trajectory. He noted the similarities between Amazon’s 95% crash and Cardano’s price movement during the last bear market.

He believes that, like Amazon at the time, Cardano is in the early stages of its growth, facing challenges but showing resilience. Gambardello predicts that just as Amazon recovered and soared after its crash, Cardano is poised for a similar explosive rebound.

Cardano vs Amazon chart by Dan
Cardano vs Amazon chart by Dan Gambardello

Notably, TradingView data shows Amazon’s all-time stock price performance at an astonishing 168,690% gain.

Whales Load Up on Cardano as Breakout Rally Targets $1

Albert Brown
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Whales Load Up on Cardano as Breakout Rally Targets $1

Cardano (ADA) is nearing a breakout rally, with its upside potential extending toward the $1 psychological mark.

As the crypto market stands at $2.84 trillion, altcoins are gradually gaining momentum. Cardano, the ninth most prominent crypto in the market, has recorded a surge of 1.28% over the past 24 hours. 

Currently, the ADA token trades at a market price of $0.7592, marking its fourth consecutive bullish candle. Will this recovery lead to a price jump to the $1 psychological level?

Cardano Price Exceeds 200-Day EMA Line

On the daily chart, the ADA price trend indicates a bullish reversal, crossing above the 200-day EMA line. Along with overcoming dynamic resistance, the recovery run has surpassed the 61.80% Fibonacci level at $0.735.

Cardano Price Chart
Cardano Price Chart

Based on our previous analysis, the recovery is preparing for a potential bullish rally toward the $0.9216 mark. This crucial price target aligns with the 78.60% Fibonacci level.

Supporting the upside potential, the MACD and signal lines have given a positive crossover, suggesting an increase in underlying bullishness. Currently, the recovery is challenging the 50 and 100-day EMA lines.

Whales Load Up 240 Million ADA in 7 Days

Amid increasing chances of a bullish rally and growing momentum, the demand for Cardano is rising among crypto whales. Ali Martinez, a crypto analyst, highlights that whales have acquired 240 million ADA tokens over the past week.

According to data from Santiment, whale holdings have reached 3.27 billion ADA tokens. As crypto whales continue to accumulate more Cardano tokens, the market price is likely to see a bullish surge.

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Bullish Sentiments Soar for Cardano

Amid the increasing anticipation of a recovery run, Cardano derivatives show a massive surge in open interest. The OI has jumped 8.68% to reach $855.11 billion. 

This highlights a significant rise in trade interest for Cardano. Furthermore, the long-to-short ratio over the past 24 hours has moved above the neutral level, indicating a gradual increase in the number of bullish players.

As the number of bullish contracts rises, the funding rate has recently flipped into a positive trajectory, currently standing at 0.0008%. With this new bullish cycle in the funding rate, the sentiment for Cardano is growing stronger in the derivatives market.

Cardano Derivatives
Cardano Derivatives

ADA Price Targets 

Based on Fibonacci levels, the upcoming price target for Cardano is the 78.60% level at $0.9216, indicating an upside potential of nearly 20%.

Additionally, with broader market recovery, Cardano could see further extension, potentially reaching the $1 psychological mark. On the downside, the 200 DMA line, close to the 68.80% level at $0.7351, will serve as a key support level.

Shiba Inu DEX Records Staggering 244% Growth in Trading Volume to Over $10M

Elendu Benedict
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Shiba Inu DEX Records Staggering 244% Growth in Trading Volume to Over $10M

Traction towards ShibaSwap has grown remarkably in the past seven days, with changes in trading volume outpacing those of high-caliber decentralized exchanges.

ShibaSwap, the Shiba Inu ecosystem’s decentralized exchange, has recorded impressive numbers in the past seven days, spurred by remarkable user adoption. Key metrics of the trading platform, including volume and total value locked, have improved drastically lately.

Data from DefiLlama shows outstanding growth in trading volume on ShibaSwap, outpacing major DEXs in the past seven days. The meteoric surge in adoption has placed the Shiba Inu-based exchange among the best-performing DEX platforms.

ShibaSwap Adoption Surges

Per the data, ShibaSwap recorded a 244% growth in trading volume last week, a testament to increased usage among DEX users. This upsurge took the 7-day volume to $10.09 million, up from around $2.93 million the previous week.

Meanwhile, the remarkable weekly volume is ShibaSwap’s largest since mid-January, where it saw liquidity worth $12.56 million. The rekindled attraction toward the DEX reflects a broader interest in the Shiba Inu ecosystem amid growing bullishness.

ShibaSwap Volume
ShibaSwap Volume

With this impressive outing, ShibaSwap has now recorded a 30-day trading volume of $20.12 million and a cumulative value of $17.18 billion. Interestingly, ShibaSwap has a higher aggregated volume than prominent DEXs like PancakeSwap and Hashflow.

Explosive TVL and Liquidity Pools Growth

A February report shows that the total value locked (TVL) on the ShibaSwap stood at $2.97 million across 593 liquidity pools. However, today’s data shows explosive growth in the two metrics as users flock to the attractive features on the Shiba Inu ecosystem.

ShibaSwap’s official website shows that TVL has exploded to $67.94 million and liquidity pools to 1,097 in just over one month, indicating growing interest. This marks a staggering 2,187% surge in TVL and an 85% increase in pools from the previous data.

ShibaSwap TVL
ShibaSwap TVL

For context, catalysts for such an incredible appreciation include user attraction to new token listings, better yield for liquidity provision, and convenience in utilizing the platform. Notably, the Shiba Inu team recently announced a ShibaSwap upgrade, introducing features that make liquidity pool management seamless and provide a better user interface.

In general, the Shiba Inu ecosystem has flipped bullish, which is reflected in prices. Amid the bullishness, SHIB is up 13% in the past 24 hours to trade at $0.00001521, Bone ShibaSwap has rallied 16% to $0.4178, and Doge Killer (LEASH) is up 5% to $173.

David Schwartz Says Ripple Must Obey the Law Despite SEC Accepting to Lift Institutional XRP Sales Injunction

Lele Jima
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David Schwartz Says Ripple Must Obey the Law Despite SEC Accepting to Lift Institutional XRP Sales Injunction

Ripple CTO David Schwartz downplays the significance of the SEC lifting the permanent injunction on the company’s XRP sales to institutional clients. 

The agreement’s terms relating to Ripple’s decision to dismiss its cross-appeal against the SEC have elicited discussions among XRP enthusiasts. As reported earlier, Ripple agreed to drop the case for a reduced fine of $50 million instead of the original $125 million order. 

The agreement also requires the SEC to ask the court to lift the permanent injunction imposed on the company’s XRP sales to institutions. In the meantime, the agreement still requires SEC commissioners’ votes and the court’s approval to become official. 

Speculation Regarding Injunction Lifting 

Nonetheless, the development has triggered speculation, with some crypto enthusiasts suggesting that Ripple will be allowed to sell XRP to institutions when the SEC lifts the permanent injunction. 

Specifically, popular XRP community figure WrathofKhaneman speculated that the move would eliminate Ripple’s institutional XRP sales restrictions. 

However, the user believes Ripple must conform to federal securities laws to sell XRP directly to hedge funds and private equity firms instead of going through the OTC desk first. 

Ripple CTO Reacts 

Reacting, Schwartz downplayed the significance of lifting the injunction, noting that its dismissal does not change the company’s legal obligations. 

According to him, Ripple must obey the law, including those outlined in Judge Analisa Torres’ ruling, irrespective of whether the injunction still exists 

He characterized the potential lifting of the injunction as one element within a series of changes the current SEC leadership has introduced that could have a ‘massive net effect.’’

It is common knowledge that the current SEC leadership has been rolling out significant changes within the crypto market. This includes changing its enforcement-driven approach and taking steps to establish clear rules for the industry. 

The SEC recently called for public comment, asking industry stakeholders to suggest how it can create clear crypto taxonomy rules. Ripple responded by proposing three solutions, including urging the regulator to return to its first principle of regulating only securities and staying within its regulatory bounds. 

$5T Asset Manager Fidelity Set to Rival Tether in Stablecoin Market

Okoya David
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$5T Asset Manager Fidelity Set to Rival Tether in Stablecoin Market

Prominent asset manager Fidelity is set to rival stablecoin giants Tether and Circle with a stablecoin of its own.

Stablecoins are widely regarded as crypto’s killer application, and their success has meant big business for issuers, who pocket massive interest payments from the treasury bonds held to maintain the token’s peg.

These issuers have long been the envy of legacy finance institutions forced to look on from the sidelines amid a lack of regulatory clarity. However, with this lack of clarity set to change under the President Donald Trump administration, these firms are eager to enter the space. Fidelity, the $5 trillion asset manager, could be the first out of the gate.

Fidelity Stablecoin

Specifically, Fidelity is setting out to rival stablecoin giants Tether and Circle. On Wednesday, the Financial Times reported that Fidelity was planning to launch a stablecoin and was already in the advanced stages of testing.

Two anonymous sources reportedly told the outlet that the token would act as cash in the crypto market and be managed by Fidelity’s digital asset arm.

The stablecoin launch seems to be an extension of the firm’s expansion into tokenization, another rapidly growing blockchain sector. Specifically, last week, the firm filed to launch a blockchain-based version of a U.S. money market fund, joining competitors like BlackRock and Franklin Templeton, which have done so.

Meanwhile, Fidelity’s move comes as President Donald Trump has made stablecoins the priority of his crypto policy agenda. Notably, one stablecoin bill is already set for a Senate vote.

Considering the profit potential of the stablecoin business and the anticipation of regulatory clarity, Fidelity is likely one of many legacy finance firms plotting a foray into the sector.

Beyond Fidelity, the Trump-backed decentralized finance project World Liberty Financial and crypto native bank Custodia have confirmed stablecoin plans over the past 24 hours.

Deaton Schedules Zoom Meeting to Address Linqto Crisis, Signals Potential XRP Holders Class Action

Lele Jima
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Deaton Schedules Zoom Meeting to Address Linqto Crisis, Signals Potential XRP Holders Class Action

Former U.S. Senate Candidate John Deaton expresses frustration over Linqto’s lack of response to customers, hinting at a potential class action by XRP holders against the company. 

In a recent X post, Attorney Deaton said he had received several messages from Linqto customers complaining about the company’s persistent lack of communication. 

Consequently, Attorney Deaton scheduled a Zoom meeting for tomorrow, March 27, at 6 p.m. (EST). He plans to clarify what might be happening behind the scenes at Linqto and strategize for further action. In the meantime, he asked Linqto users to contact him or his office for a link to the Zoom meeting. 

Potential Lawsuit? 

Notably, Attorney Deaton suggested he might join other Linqto users to initiate a class action against the investment firm. He said most Linqto users were XRP community members who joined the class action against the U.S. SEC in the Ripple lawsuit and provided vital affidavits. 

The former Senate candidate emphasized that they ‘fought together once before [in the Ripple case] and will fight together again’ to tackle the Linqto challenge. 

This suggests that Attorney Deaton might urge Linqto users to prepare for a potential class action against the investment company. 

Linqto Crisis 

For context, several Linqto users have been complaining about their inability to withdraw funds from the platform this year. The company has also requested users to complete another KYC (Know Your Customer) process, which many find frustrating. 

These issues have triggered concerns about a potential bankruptcy, with some users seeking clarification from the company. However, Linqto has yet to issue an official statement via any of its social handles. Its last post on X dates back to January 17, 2025, when it encouraged users to ‘keep climbing the investment fountain to reach the top.’ 

Instead of issuing a public statement, it chose to communicate with some users through email. In a statement emailed to users earlier this month, Linqto confirmed it had changed its management staff, with Dan Siciliano appointed as CEO. 

According to Linqto, some senior executives were removed from their previous roles, while others had their employment terminated.

This development comes a few months after Linqto’s former Chief Revenue Officer (CRO) Gene Zawroty sued the company and two of its executives, alleging market manipulation and fraud. Apparently, Linqto is attempting to resolve its internal crisis before addressing users’ complaints. 

Launched in 2018, Linqto is a Delaware-based investment platform that allows users to invest in pre-IPO shares of top companies like Ripple. Users can invest a minimum of $2,500 in these pre-IPO shares. 

Shiba Inu Team Agrees SHIB Could Surge 12x to $0.0001833

Elendu Benedict
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Shiba Inu Team Agrees SHIB Could Surge 12x to $0.0001833

The Shiba Inu ecosystem’s marketing lead has concurred with an analysis that SHIB would surge 12x to an unprecedented peak.

Shiba Inu recently gained bullish traction following successive days of price appreciation. The second-largest meme coin by market cap is up an impressive 14% this week, outpacing most high-caliber assets.

Amid the northward momentum, a Shiba Inu ecosystem team member believes far higher prices await SHIB. Lucie, the ecosystem’s lead marketer, has agreed that a potential 12x surge to uncharted territory could be awaiting the doggy-themed meme coin.

Shiba Inu Eyes 12x Surge

In a recent statement, Lucie aligned with an analysis that predicted a multifold Shiba Inu surge to $0.0001833. She highlighted its possibility, stating that she could not agree more with the bullish commentary.

Notably, the analysis came from CryptoELITES, a prominent market watcher. The Tuesday disclosure spotlighted SHIB’s bounce from a crucial support, driving its classical cup-and-handle price structure back on track.

For context, SHIB’s price action since its October 2021 peak at $0.0008854 has been forming a cup-and-handle pattern. The cup section entirely took shape with Shiba Inu’s March 2024 top at $0.00004567, with the handle on course for completion.

Following a rebound from the handle’s lower support line at $0.00001082 earlier in March, CryptoELITES has speculated a sustained upward trajectory to its target above the 1.272 Fibonacci extension at $0.0001827.

Shiba Inu 12x Rally/CryptoELITE

Moreover, the analyst highlighted key levels to watch during the rally. One is at the cup-and-handle pattern’s neckline at the 0.618 Fibonacci level at $0.00003117. A sustained push past the resistance would spur a run to the 1.00 Fib. level at $0.00008757, near Shiba Inu’s all-time high.

If SHIB holds the level, the analysis predicts a surge to the ultimate target of $0.0001833. From the current market price of $0.00001481, the asset would surge 1,137% to attain the unprecedented price high.

Other Analyses Supporting Surge to $0.000100

Notably, CryptoELITE is not alone in his predictions of a surge to $0.0001833; other analysts have asserted that Shiba Inu will surge to levels around and even above the price mark. For instance, prominent market watcher Javon Marks believes that strong demand and a sustained trend above its breakout point would ensure a rally to $0.0001553.

Market watcher Oscar Ramos asserted a “realistic” target of $0.00017, stating it would happen as early as this year. However, analyst Charting Guy upped the bullishness, predicting the meme coin will hit $0.000200, citing the third wave of an Elliot Wave structure.

Shiba Inu Team Has Higher Price Ambitions

Meanwhile, the Shiba Inu team has predicted far higher price ambitions than the 12x surge to $0.0001833. Earlier, the ecosystem leaders insisted that the meme coin has the prospect of hitting lofty prices, including a 67,421% rally to $0.01.

Lucie recently stressed the possibility, arguing that the meme coin would one day hit $0.01. However, she suggested that attaining this price mark may take a while and urged the Shiba Inu community to be patient.

CryptoCom CEO Highlights Forecast of $8B Inflow for XRP ETF in First Year

Abdulkarim Abdulwahab
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0
CryptoCom CEO Highlights Forecast of $8B Inflow for XRP ETF in First Year

Crypto.com CEO Kris Marszalek recently commented on the prospect of XRP ETFs and the massive inflows the product could attract upon approval.

In a viral video within crypto circles, Marszalek expressed an optimistic outlook for ETFs focused on altcoins. He suggested that altcoin ETFs for tokens like XRP could see strong inflows, potentially outperforming the figures from existing products like Ethereum.

XRP ETF Could See $8B Inflow in First Year

Marszalek backed this sentiment by citing a projection that suggested the XRP ETF could attract inflows of $8 billion in its first year. “You can imagine the kind of impact that might have,” Marszalek said.

This sentiment suggests that such massive inflows could boost the market price of XRP and benefit the broader crypto landscape.

Notably, JPMorgan originally forecasted the $8 billion inflow potential for XRP ETFs in its first year of launch. Interestingly, Bloomberg ETF analyst Eric Balchunas agrees with this estimate and calls it reasonable.

Now, Marszalek’s optimistic words about the XRP ETF have gone viral within the XRP community and attracted the attention of other industry figures, such as attorney John Deaton.

Wall Street Can’t Overlook XRP ETF—There’s a Lot of Money to Be Made, Says Deaton

Commenting on Marszalek’s statement, Deaton reiterated his long-held conviction. He believes that once there is legal clarity and the SEC loses in court—especially in cases involving platforms like Coinbase and Kraken—Wall Street will inevitably push for altcoin ETFs, including XRP.

Deaton noted that while some disagreed with his forecast, the tide was turning and becoming more evident. He pointed out that at least 11 firms are actively seeking an XRP ETF.

Deaton emphasized that he wasn’t betting on any specific token but on “Wall Street’s greed,” referring to their insatiable hunger for profit and the larger financial system’s desire to capitalize on the growing crypto market.

He further supported his perspective by citing how BlackRock’s iShares Bitcoin ETF has set a record as the most successful ETF ever. In just one year, it attracted more capital than gold did over the span of a decade.

Deaton predicts that this remarkable achievement will encourage Wall Street to adopt a similar approach for altcoins like XRP to profit from the expanding crypto market.

With this optimistic perspective, Deaton believes there’s a strong chance that XRP could become the second-largest cryptocurrency after Bitcoin, overtaking Ethereum.

Bitcoin Eyes $95k as Greed Spikes in the Crypto Market

Albert Brown
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Bitcoin Eyes $95k as Greed Spikes in the Crypto Market

Bitcoin hints at a potential breakout rally to $95k. However, is a correction to $85k looming before the bull run begins?

As Bitcoin momentarily hits $88,500, the broader market optimism spikes, with traders anticipating a price surge above $100,000. The institutional support, combined with the increased adoption of Bitcoin-featured products, supports the possibility of a bullish rally. 

However, the short-term analysis warns of a potential correction before the bull run picks up pace. Will this short-term shakeout result in a retest of the $85,000 mark? 

Santiment Warns of Potential Correction as Traders Turn Greedy

According to a recent tweet by Santiment, the crypto market is witnessing a rise in greed among traders as Bitcoin hits $88,500. Increased mentions of Bitcoin reaching the $100,000 mark, and even as high as $159,000, across social media reflect growing greed among the crypto crowd.

Based on mentions of Bitcoin’s high prices from $100k to $159k, compared to low prices ranging from below $69k to $10k, Santiment highlights the current surge in greed. Furthermore, it suggests that this is a good time to book profits.

The market intelligence platform also warns that crowds often get these predictions wrong. Essentially, the spikes in higher price predictions may signal an upcoming drop.

Miners Hold BTC Amid Rising Optimism

As the market turns greedy, Bitcoin miners are holding onto their supply. According to a recent tweet by crypto analyst Ali Martinez, Bitcoin miners have avoided significant selling activity over the past 24 hours.

This has resulted in a significant increase in Bitcoin miner reserves. CryptoQuant data reveal that the BTC miner reserve stands at 1.8124 million BTC, worth nearly $159 billion.

 

BlackRock Drives Bitcoin ETFs Inflow

On March 25, the daily total net inflow of the U.S. Bitcoin spot ETFs was $26.83 million, marking the eighth consecutive day of inflows. Out of 12 ETFs, 9 recorded net-zero flows, while Bitwise and WisdomTree recorded outflows of $10.06 million and $5.13 million, respectively.

BlackRock recorded an inflow of $42.03 million, driving its cumulative net inflow to $39.83 billion. As of March 25, BlackRock’s net assets totaled $50.58 billion. The resurgence in demand for U.S. Bitcoin spot ETFs supports the possibility of a renewed bull run.

Bitcoin ETFs
Bitcoin ETFs

Bitcoin Could See $85k Retest Before A Breakout Rally

Despite the growing support and improving market sentiment, Bitcoin’s price action warns of a double top reversal. On the 4-hour chart, Bitcoin shows a bullish struggle to overcome the local resistance trendline.

Bitcoin Price Analysis
Bitcoin Price Analysis

This creates a double top pattern with a neckline at the 61.80% Fibonacci level at $86,146. Currently, Bitcoin trades at $87,306, taking a minor step back from the overhead trendline.

Furthermore, there is a convergence between the MACD and signal lines, signaling a potential negative crossover. This suggests a slight drop in bullish momentum.

As a result, the BTC price trend warns of a potential double top reversal, with a retest of a local support trendline near the $85,000 mark. However, the neckline at the 61.80% Fibonacci level could support a post-retest reversal.

In such a case, a bullish continuation is likely to result in a trendline breakout rally. The unleashed momentum could drive the BTC price to the 78.60% Fibonacci level near $95,000.

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