Kategorie: Crypto Analysis

Daily headlines and news about crypto analysis.

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BTC price prediction: Bitcoin slips below $110k as market selloff continues

Key takeaways

  • BTC is down nearly 3% in the last 24 hours and has dropped below $110k.
  • The sell-off continues despite analysts being optimistic about BTC’s performance in the medium term.

BTC dips below $110k as altcoins bleed

The cryptocurrency market has been volatile since the start of the week and now seems to end it on a bearish note. Bitcoin, the leading cryptocurrency by market cap, has lost 2.8% of its value in the last 24 hours and is now trading below $110k.

The bearish performance comes despite positive forecasts around BTC’s medium and long-term views. Asset management firm Bitwise projects Bitcoin price to trade near $1.3 million by 2035, citing institutional demand, scarce supply, and macroeconomic pressures.

In its report, Bitwise added that in a bullish case, Bitcoin could reach $2.97 million (39.4% CAGR), while a bearish scenario could see BTC stuck around $88,005 (2% CAGR).

Banking giant JPMorgan also stated that Bitcoin is undervalued relative to gold. The bank argued that the digital asset is increasingly attractive for institutional portfolios, and this could push its price higher in the medium to long term. 

BTC could retest $108k to find support

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has been underperforming over the past few days. The coin could dip further over the next few hours as it seeks to find its strong support.

The Relative Strength Index (RSI) on the 4H chart reads 47, which is below its neutral level of 50, indicating bearish momentum. The MACD lines are also within the negative territory, suggesting that sellers are currently in control.

BTC/USD 4H Chart

If Bitcoin closes below its daily EMA level of $110,883, then it could dip further and retest its recent low of $108,513. An extended bearish run will see BTC dip toward its next key support at $103,991, the 200-day EMA.

However, if the market bounces back and closes above the $110k EMA, it could extend its recovery toward its next daily resistance at $116,000.

The post BTC price prediction: Bitcoin slips below $110k as market selloff continues appeared first on CoinJournal.

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PYTH skyrockets 60% as US government taps Pyth Network to verify economic data on-chain

  • The US Department of Commerce has published GDB on blockchain for the first time.
  • It has selected Pyth Network as the oracle platform to verify and distribute economic data.
  • PYTH saw a sharp price increase after the news.

The United States continues to establish itself as the international hub for blockchain and cryptocurrency undertakings.

In a groundbreaking move, the US Department of Commerce confirmed today that it will start publishing GDP (gross domestic product) data on blockchain, starting with last month’s figures.

The announcement catalyzed bullish sentiments across the cryptocurrency space, especially for the project that the government picked.

The US Department of Commerce has worked with nine blockchains and leading exchanges.

To ensure data accessibility and reliability, it chose Chainlink and Pyth Network.

Pyth Network at the center of historic move

The Department revealed that it published the official hash of its quarterly GDP data across nine networks: Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Tron, Polygon PoS, Optimism, Stellar, and Arbitrum One.

Also, it has worked with leading exchanges, including Coinbase, Kraken, and Gemini, to facilitate the latest release.

Furthermore, the US Department of Commerce tapped oracle providers Chainlink and Pyth Network to guarantee reliability and accuracy.

PYTH rallied immediately after the news as the community celebrated the project’s “validation moment.”

Pyth Network focuses on bringing real-time, high-quality data on-chain.

Thus, the announcement represented a watershed moment for the altcoin, as it anticipates lucrative use cases.

The government’s reliance on Pyth’s oracle service validates its infrastructure and status as a trusted player in the integration between decentralized networks and public institutions.

Government ratification fuels confidence

Howard Lutnick, US Secretary of Commerce, commented on the benefits of this move.

He perceives it as a part of the President’s strategy to make America the hub of blockchain. Lutnick said:

It’s only fitting that the Commerce Department and President Donald Trump, the crypto-President, publicly release economic statistical data on the blockchain. We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.

The high-profile commendation has put the Pyth Network on the map as a trusted oracle protocol authorized by the government.

Officials confirmed that it will leverage oracles like Pyth to release other datasets, beyond GDP.

PYTH price outlook

The native coin exploded within minutes after the collaboration updates.

PYTH trades at $1891 after gaining around 62% from its daily low.

The staggering 2,400% uptick in trading volume signals massive interest in the altcoin.

Also, Pyth Network’s market capitalization has crossed the $1 billion mark for the first time since February 2025.

The US government endorsement positions PYTH for impressive performance in the coming months and years.

The development could bolster institutional demand from firms exploring blockchain to provide accurate and reliable data.

Prevailing sentiments suggest PYTH might have secured the needed catalyst to recover to its 2024 all-time highs above $1.

The post PYTH skyrockets 60% as US government taps Pyth Network to verify economic data on-chain appeared first on CoinJournal.

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Traders eye $117k as BTC holds above $110k; Check forecast

Key takeaways

  • Bitcoin climbed above $112k briefly on Wednesday after adding over 1% to its value.
  • Traders are optimistic that BTC will reclaim the $117k resistance level soon.

BTC tops $111k as market sentiments improve

The cryptocurrency market had a rough start to the week, with BTC dropping below the $110k level on Monday. However, the sentiments have improved, with Bitcoin briefly climbing above $112k on Wednesday.

At press time, BTC is trading at $111,907 and could rally higher soon amid positive sentiment in the market. August saw BTC set a new all-time high, but it has struggled since then. Analysts are now looking ahead to September and what the month will offer for the leading cryptocurrency.

In an email with Coinjournal, Ruslan Lienkha, chief of markets, YouHodler, stated that the key macro catalysts for crypto heading into September remain U.S. inflation, interest rate policy, and labor market data. The interaction of these factors will largely shape overall risk sentiment and, in turn, the trajectory of both traditional and crypto markets.

While discussing how these events will affect the market, Lienkha stated that,

The recent sell-off reflects a combination of macro conditions and long-term positioning by large holders. We are entering the later stages of the current medium-term bullish cycle, which naturally encourages early investors, particularly those who have held Bitcoin for 10 years or more, to realize significant profits. By contrast, more recent whale entrants are likely to adopt a longer-term horizon, prepared to hold through one or even several future cycles. Overall, while whale activity has contributed, the dominant driver remains macro factors such as yields and shifting expectations around Federal Reserve policy.

BTC eyes $117k despite market volatility

The BTC/USD 4-hour chart is bearish and efficient, thanks to Bitcoin’s underperformance in recent days. However, the market could turn around soon as the momentum indicators improve.

The RSI of 49 shows that BTC is no longer experiencing heavy selling pressure, with the MACD lines set to confirm a switch to a bullish bias. If the recovery continues, BTC could climb above the 4H TLQ at $113,850 before rallying higher to reclaim the $117k resistance.

BTC/USD 4H Chart

However, the momentum remains bearish, and BTC could face further selling pressure. If that happens, BTC could drop below $110k again and retest the $107k support level.

The post Traders eye $117k as BTC holds above $110k; Check forecast appeared first on CoinJournal.

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Mantle price outlook: recovery ahead or more bearish pressure for MNT?

  • Exchange listings on Coinbase and Bybit temporarily lifted the price of Mantle (MNT).
  • MNT’s price has bounced from a key support at $1.23 amid neutral technical signals.
  • Strong TVL and stablecoin growth support Mantle’s long-term outlook.

The price of Mantle (MNT) cryptocurrency has been on a sharp decline for the past week, dropping by over 19%.

However, the token has seen some relief today, rising by over 3% following some major exchange listings.

But the question on the trader’s mind is whether this marks the end of the bearish correction or is it just another break on the bearish pullback.

Exchange listings halt weekly drop

MNT’s recent price uptick comes in the wake of strategic exchange integrations, particularly on Coinbase International and Bybit.

The launch of perpetual futures on Coinbase, combined with Bybit’s EU Launchpool offering, has injected fresh momentum into the market.

Bybit alone accounts for roughly 37% of MNT’s daily trading volume, with VIP perks and a 250,000 USDT prize pool encouraging retail participation.

These listings have temporarily stemmed the weekly decline, demonstrating the power of exchange-driven liquidity in supporting token demand.

Despite this short-term relief, some traders have already taken profits following the new listings, contributing to a continued week-over-week dip of nearly 15%, as noted in recent social media commentary.

However, while exchange promotions can create sudden buying surges, the sustainability of this recovery remains uncertain, especially as open interest on Coinbase futures has declined post-launch.

Mantle (MNT) price analysis

Technically, Mantle has bounced from the 61.8% Fibonacci retracement around $1.14 after a 19% weekly decline.

Mantle price analysis

Technical indicators, including an RSI of 55.48 and a slightly bearish MACD histogram, suggest neutral momentum with room for short-term volatility.

The immediate resistance lies near $1.40, close to MNT’s April 2024 all-time high, and a failure to break above this level could maintain the bearish pressure.

Looking at the broader Mantle ecosystem, the Total Value Locked (TVL) has surged to $460.04 million, fueled by its liquid staking solution mETH, which has become the fourth-largest liquid staking token with $1.69 billion in TVL.

Stablecoin adoption within the Mantle network has also grown significantly, hitting a record $713.8 million, highlighting strong capital inflows and growing DeFi activity.

These technicals and fundamentals point to underlying support for the token, even amid short-term corrections.

MNT price outlook moving forward

Looking ahead, the outlook for Mantle (MNT) balances cautiously between optimism and caution.

On the bullish side, the network’s institutional products, such as the MI4 fund with over $218 million in assets, demonstrate growing confidence from professional investors.

Further adoption is anticipated through Bybit’s continued integration, the beta launch of the UR banking app, and Mantle’s transition toward zero-knowledge rollups aimed at enhancing scalability and security.

However, short-term traders should be wary of profit-taking dynamics and potential dips below the $1.23 support level, which could trigger further declines to the 38.2% Fibonacci retracement near $1.12.

The post Mantle price outlook: recovery ahead or more bearish pressure for MNT? appeared first on CoinJournal.

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Bitcoin Cash price forecast: BCH bounce back confirmed, $600 in view

  • The Bitcoin Cash (BCH) price has rebounded from $533, regaining bullish momentum above key supports.
  • Whales are driving activity as retail participation stays near multi-year lows.
  • A break above $572 could open the path toward $600 and beyond.

Bitcoin Cash (BCH) has clawed back from recent lows, reigniting optimism that the cryptocurrency could soon test the $600 mark.

After sliding to $533.34 on August 26, BCH rebounded more than 3% in 24 hours, a move analysts say confirms a near-term bottom and signals momentum may be shifting back to the bulls.

Bounce restores confidence

The quick recovery followed weeks of consolidation that had dampened enthusiasm around Bitcoin Cash.

The sharp rebound suggests buyers are once again stepping in at key levels.

Technical signals point to renewed strength, with a hidden bullish divergence on the daily RSI indicating momentum buildup beneath the surface.

BCH continues to trade within a bullish ascending channel, though resistance near $572 remains a critical test.

According to market analysis, an hourly close above that barrier could confirm a breakout, potentially accelerating gains.

Retail activity mutes as whales step in

On-chain data shows that whales were in an accumulation spree during the downturn, with whale transactions worth $482 million on August 7 — the biggest spike since early July.

Notably, large holders often move ahead of rallies, and a similar wave of activity preceded a 75% surge in July.

However, activity among smaller players remains subdued.

The daily active BCH addresses hover near six-year lows at about 19,000, highlighting weak organic adoption.

This divergence suggests speculation, not retail demand, is driving current moves.

Sustained whale inflows will be key in determining whether momentum carries forward.

The key resistance and support levels in focus

Looking at the BCH price chart, the cryptocurrency must hold above $544.23 to maintain its upward bias.

In addition, a break above $569.77 could pave the way to $595.84 and even $638.56, with Fibonacci targets at $607 and $664 adding weight to the bullish case.

Sharky, a well-followed trader, believes BCH could mirror its June rally, when it surged shortly after Bitcoin.

He highlights a 74-week trend break retest that he says points to a strong long-term setup.

AltWolf, another crypto analyst, highlights the formation of a double top pattern, noting Bitcoin Cash has lost the four-hour 200 EMA and broken below a multi-month uptrend channel.

He argues it may be premature to stay bullish given the weakening structure.

According to analysts at CoinLore, losing the $544.23 support could trigger a retreat toward $527.41 with the chance of an even deeper slide that might bring the July swing low of $516 into play, threatening the broader bullish channel.

The post Bitcoin Cash price forecast: BCH bounce back confirmed, $600 in view appeared first on CoinJournal.