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Bitcoin (BTC) is showing signs of recovery on Monday, October 27, as the Crypto Fear & Greed Index climbed to 51 and turned neutral for the first time since President Trump initiated new tariff wars with China a couple of weeks ago. As of the time of writing, the cryptocurrency is trading at $115,420, having advanced 2.60% in the past 24 hours, almost mirroring the 2.50% gain in the broader crypto market.  BTC 24-hour price. Source: Finbold A result of promising technical signals, macroeconomic relief, and renewed institutional inflows, the rally has allowed BTC to reclaim its 50-day exponential moving average (EMA) at $114,176. The $114,000 range also served as support, according to market analyst Ted Pillows, who now sees $118,000 as the next important target to keep an eye on. Should “digital gold” surge past that mark, Pillows predicts, we might see a new Bitcoin all-time high (ATH) as soon as next week. “Now, Bitcoin needs to reclaim the $118,...

The crypto strategist who nailed the Bitcoin (BTC) local top in January believes that the memecoin Pudgy Penguins (PENGU) is gearing up for another upside burst. The pseudonymous analyst Bluntz tells his 326,600 followers on the social media platform X that PENGU looks poised for a wave-five surge. The trader relies on Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally, with waves one, three and five serving as upside moves and waves two and four acting as corrective periods. Says Bluntz, “This looks like the PENGU wave four, in my opinion. If you missed the last run up and have been patiently waiting for the pullback, this is a good one to bid. Nice 33% dip after a big run-up is perfectly normal.” Source: Bluntz/X Looking at the trader’s chart, he seems to predict that PENGU will soar above $0.05 before ending its five-wave rally. At time of writing, PENGU is worth $0.0357, up over 7% in the past day. An...

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