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Showing posts with the label correction

Crypto Bear Market Callers Are Misguided, According to Investor Chris Burniske – Here’s Why

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Venture capitalist Chris Burniske says that the current dip in digital assets is typical of any bull market cycle. In a post on the social media platform X, Burniske, the former head of crypto at Cathie Wood’s ARK Invest and current partner at Placeholder, points out other corrections in the 2021 bull market cycle that ultimately preceded new highs. “In the middle of 2021: BTC drew down 56% ETH drew down 61% SOL drew down 67% Many others 70-80%+ You can come up with all the reasons for why this cycle is different, but the mid-bull reset we’re going through isn’t unprecedented. Those calling for a full-blown bear are misguided.” At time of writing, Bitcoin (BTC) is down 20% from its all-time high, Ethereum (ETH) is down 50% from its all-time high while Solana (SOL) is down 51%. Earlier this month, Burniske said that BTC’s lackluster price performance looked like a “mid-cycle top” reminiscent of April, May, June ...

Bitcoin could collapse to $78,000 warns crypto expert

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After reaching an all-time high (ATH) of $106,000 on December 17, Bitcoin (BTC) receded to the $95,000 mark. Following this initial move, the $92,000 level was tested and prices rebounded — although they have struggled to surpass the psychologically important $100,000 barrier since. At press time on January 5, BTC was trading at $99,180 — having marked a 5.42% rally since the beginning of 2025. Despite these recent challenges, a general sense of optimism is present — none of the fundamental, underlying reasons behind the initial November surge have dissipated.  BTC price year-to-date (YTD) chart. Source: Finbold Still, investors have become a bit weary — and a prolonged accumulation phase could see many go off in search of greener pastures, particularly as altcoins have seen strong upward momentum as of late. Picks for you Boeing s...

‘Absolutely Abysmal’ – Top Trader Warns Solana Looking Horrid, Says SOL Forming Top Against Bitcoin

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A widely followed cryptocurrency analyst and trader is turning bearish on Ethereum (ETH) competitor Solana (SOL). The analyst pseudonymously known as Bluntz tells his 273,500 followers on social media platform X that SOL against Bitcoin (SOL/BTC) may soon plummet in value. “SOL/BTC on weekly looks horrid, legit looks proper topped out to me with the complacency shoulder and everything. Still hard to call tops on the market here though. I could see a world where SOL/BTC has topped because money starts finally rotating into ETH albeit taking that view has been a legit mental illness all cycle. Tough to have strong conviction in direction here but I do know one thing, this chart looks absolutely abysmal.” Source: Bluntz/X He uses the Elliott Wave theory, which attempts to forecast price movements based on crowd psychology that is manifested in waves. The Elliott Wave theory suggests that price impulses happen in five waves after three-wave “ABC...

Meme Moguls may become major player in billion-dollar market as analyst warns of DOGE correction

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DOGE faces a dip, but analyst Ali Martinez predicts potential growth, while Meme Moguls (MGLS) gains traction in its ICO phase. Dogecoin (DOGE) recently experienced a price correction phase. It decreased in value by 9% during the previous seven days. Yet, major crypto analyst Ali Martinez remains bullish on its future, noting that the crypto still has growth potential, assuming it maintains favorable performance in the upcoming sessions.  In the meantime, traders have begun diversifying their holdings with a newer altcoin, Meme Moguls (MGLS), which is already making significant gains during its cryptocurrency ICO phase. Today, we will explore the price performance of both cryptocurrencies to see how far they can spike. >>Buy Meme Moguls Today<< Dogecoin (DOGE) warns about potential dip Dogecoin (DOGE) experience...