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A widely followed crypto analyst who called the 2021 crypto bull run says that one metric is flashing a bullish signal, setting altcoins up for a massive rally. In a new strategy session, pseudonymous crypto trader Dave the Wave tells his 153,100 subscribers on the social media platform X that the Bitcoin (BTC) dominance chart appears to be topping, which historically marks an upswing for altcoins. “BTC dom. Take your positions ladies and gentlemen…” Source: Dave The Wave/X The BTC dominance chart keeps track of what percentage of the crypto market’s total market cap belongs to the crypto king and is used to gauge the strength of altcoins. A look at the trader’s chart reveals that in 2021, when BTC’s dominance topped and reversed course, altcoins rose. Moving on to the flagship digital asset, the analyst says that Bitcoin has “plenty” of room for its weekly Moving Average Convergence Divergence (MACD) to run. Source: D...

Bitcoin has jumped to $98,370, its highest-ever price as bulls target $100,000. The flagship cryptocurrency has rallied higher since Donald Trump’s re-election on Nov. 5 Bitcoin’s march towards $100,000 continued Thursday as the benchmark crypto asset broke past $98,000 for the first time ever. Having hit $97k earlier in the day, BTC showed no mercy to the bears as its price stormed to a record high of $98,370 on Coinbase. At the time of writing, the cryptocurrency traded higher by 5.5% in 24 hours, pushing the asset’s market cap to above $1.94 trillion. Analysts: “parabolic” phase begins after Bitcoin breaks $100k Market conditions, helped by the demand for spot Bitcoin ETFs and the just launched ETF options, are suggesting the digital asset’s value is poised for a major breakout above $100k. Analyst Ali Martinez shared the chart below suggesting a bull flag pattern breakout. #Bitcoin $BTC could reach $100,000 today as ...

Bitcoin (BTC) has had a bumpy start to October, with the much-anticipated “Uptober” rally getting off to a slow beginning. However, despite this sluggish start, an analyst sees two major peaks on the horizon, suggesting that Bitcoin’s long-term bullish trajectory remains intact. After briefly dipping below $60,000, Bitcoin rebounded sharply, reclaiming $63,000. This recovery, coupled with promising technical indicators and macroeconomic factors, signals that bulls are still in control, especially with the release of China’s fiscal policy update. Bitcoin is now approaching key price levels, and market momentum is likely to shift based on technical factors and historical patterns. As noted by Cryptocon in an X post on October 11, these dynamics could prove pivotal in shaping Bitcoin’s next moves. Picks for you So...

A popular on-chain strategist says the top meme token Dogecoin (DOGE) is seeing an abrupt increase in network activity. Analyst Ali Martinez tells his 73,400 followers on the social media platform X that institutional investors may be behind the sudden rise in large Dogecoin transactions. “The number of large Dogecoin transactions on the network continues rising, which suggests institutional players and DOGE whales are positioning themselves for a potential upside move.”  Source: Ali Martinez/X Last week, Martinez noted that crypto whales accumulated over $100 million worth of DOGE in just one day. “Dogecoin whales bought over 1 billion DOGE in [24 hours], totaling roughly $108.7 million!” Source: Ali Martinez/X With Dogecoin flashing signs of life, Martinez now says DOGE may be on the cusp of repeating the massive rallies it witnessed during the 2017 and 2020 cycles. “History often repeats itself, and Dogecoin might be doing j...

A widely followed cryptocurrency analyst and trader is predicting a massive rally for one large-cap memecoin. Pseudonymous crypto strategist Bluntz tells his 267,900 followers on social media platform X that meme asset dogwifhat (WIF) could soar more than 495% from the current value. “$10 next, it’s inevitable.” The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF having dropped down to $1.11 this week, Bluntz believes that WIF’s ABC correction is likely over and the memecoin is ready to ignite a massive upside move. “Safe bet in my opinion is to wait for the reclaim of $1.60 on a daily closing basis which would be confirmation of a low being in.” Source: Bluntz/X WIF is trading for $1.68 at time of writing, up 6% in the last 24 hours. Next up, the analyst says that smart contract platform Solana (SOL) may ha...