CRYPTO NOVA01
Crypto analyst | BTC, ETH & alts, Charts, insights, setups 📊Simplifying Web3 | No financial advice DYOR.
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Bitcoin is showing signs of vulnerability as macroeconomic risks rise. Goldman Sachs has issued a major warning about U.S. stocks, suggesting that heavy selling could be on the horizon. Historically, Bitcoin has often moved in tandem with the broader market, meaning a sharp drop in equities could drag $BTC down toward $60K.
Traders should stay cautious, watch both crypto and traditional markets, and manage risk carefully. While BTC remains strong in the long term, short-term volatility is likely as investors digest these warnings
Traders should stay cautious, watch both crypto and traditional markets, and manage risk carefully. While BTC remains strong in the long term, short-term volatility is likely as investors digest these warnings
Not many people are noticing what’s happening on Bitcoin’s weekly chart, but the pattern is becoming clearer.
Bitcoin $BTC tends to move in cycles. It pushes up strongly (impulse moves), then slows down and pulls back (corrections). These moves aren’t random they usually follow a repeating rhythm.
Before the recent highs, Bitcoin was climbing in strong waves. The pullbacks were getting shorter, and the upward moves were getting faster. That’s usually a sign that a cycle is nearing its peak.
After that run-up, the behavior changed. Instead of strong pushes higher, price started moving sideways with lower highs. This kind of action often shows that the market is cooling off, with traders taking profits rather than starting a new big uptrend.
If this pattern continues like in past cycles, Bitcoin $BTC may stay in a consolidation phase for a while before going through a deeper correction to fully reset the cycle.
A real sign of a new bullish phase would be strong, consistent upward moves again not just short bounces, but sustained momentum.
Bitcoin $BTC tends to move in cycles. It pushes up strongly (impulse moves), then slows down and pulls back (corrections). These moves aren’t random they usually follow a repeating rhythm.
Before the recent highs, Bitcoin was climbing in strong waves. The pullbacks were getting shorter, and the upward moves were getting faster. That’s usually a sign that a cycle is nearing its peak.
After that run-up, the behavior changed. Instead of strong pushes higher, price started moving sideways with lower highs. This kind of action often shows that the market is cooling off, with traders taking profits rather than starting a new big uptrend.
If this pattern continues like in past cycles, Bitcoin $BTC may stay in a consolidation phase for a while before going through a deeper correction to fully reset the cycle.
A real sign of a new bullish phase would be strong, consistent upward moves again not just short bounces, but sustained momentum.
🚨 Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
$PI Network was rejected last week around the $0.15 mark, which kept it on a downward trend.
$PI Network was rejected last week around the $0.15 mark, which kept it on a downward trend.
$WLFI Faces Resistance After Strong Recovery
WLFI has bounced sharply from a lower-demand area, reclaiming some short-term gains—but it immediately ran into a key resistance zone. The price action formed a classic V-shaped rebound, only to be rejected near the higher timeframe supply area, signaling that sellers are actively defending this level.
Recent candles show the bullish momentum fading, and we might be seeing a lower-high take shape under resistance. Right now, the market is at a crossroads: it could pull back toward mid-range support around recent consolidation, or it could try once more to push through the supply zone.
Liquidity is positioned just below the current price, which makes a short-term retracement more likely before any further upside. Overall, the market remains neutral-to-corrective until WLFI can decisively break and close above the marked resistance area.
WLFI has bounced sharply from a lower-demand area, reclaiming some short-term gains—but it immediately ran into a key resistance zone. The price action formed a classic V-shaped rebound, only to be rejected near the higher timeframe supply area, signaling that sellers are actively defending this level.
Recent candles show the bullish momentum fading, and we might be seeing a lower-high take shape under resistance. Right now, the market is at a crossroads: it could pull back toward mid-range support around recent consolidation, or it could try once more to push through the supply zone.
Liquidity is positioned just below the current price, which makes a short-term retracement more likely before any further upside. Overall, the market remains neutral-to-corrective until WLFI can decisively break and close above the marked resistance area.
$XRP moved sideways for a short time, but sellers are starting to push the price down again.
Right now, the price is heading toward the $1.30 level. If it drops below that and doesn’t hold, it could fall further, possibly toward $1.00. On the upside, $1.3866 is still an important level to watch.
At this point, the main focus is how the price behaves around these levels on the 1-hour chart. We’ll have to wait and see what happens next.
Right now, the price is heading toward the $1.30 level. If it drops below that and doesn’t hold, it could fall further, possibly toward $1.00. On the upside, $1.3866 is still an important level to watch.
At this point, the main focus is how the price behaves around these levels on the 1-hour chart. We’ll have to wait and see what happens next.
$XRP The overall setup still leans bullish, but the move hasn’t delivered clear confirmation just yet. If price struggles to break through the $2.02–$2.84 resistance range and gets rejected there, it would likely reinforce continued downside momentum.
Hyperliquid $HYPE continues to see elevated activity as the platform maintains a leading position in on-chain perpetuals trading.
From a technical perspective, price action is currently consolidating with support established in the $28–$30 range, indicating consistent buyer interest at those levels. Immediate resistance is observed between $35–$38, which remains the key area for a confirmed bullish continuation if reclaimed with volume.
Sustained trading volume and the protocol’s fee-based buyback mechanics continue to influence short-term momentum, contributing to heightened volatility. Market participants will likely monitor the resistance range closely for a decisive breakout or further consolidation.
From a technical perspective, price action is currently consolidating with support established in the $28–$30 range, indicating consistent buyer interest at those levels. Immediate resistance is observed between $35–$38, which remains the key area for a confirmed bullish continuation if reclaimed with volume.
Sustained trading volume and the protocol’s fee-based buyback mechanics continue to influence short-term momentum, contributing to heightened volatility. Market participants will likely monitor the resistance range closely for a decisive breakout or further consolidation.
📈 While short-term price swings have sparked debate, $XRP continues to trade within its long-standing descending channel on the weekly timeframe a structure it has respected multiple times without any confirmed breakdown.
From a technical perspective, repeated rebounds near the lower boundary and reactions near the upper boundary suggest the market is still honoring this range. As long as price action remains contained within the channel, the broader structural setup remains intact.
Temporary pullbacks, in this context, may reflect normal volatility rather than a shift in trend. Sustained positioning within the channel indicates underlying support, keeping the longer-term outlook cautiously constructive.
From a technical perspective, repeated rebounds near the lower boundary and reactions near the upper boundary suggest the market is still honoring this range. As long as price action remains contained within the channel, the broader structural setup remains intact.
Temporary pullbacks, in this context, may reflect normal volatility rather than a shift in trend. Sustained positioning within the channel indicates underlying support, keeping the longer-term outlook cautiously constructive.
$64,000 Bitcoin $BTC Support Could Be a Speed Bump -
If Bitcoin is a guide, 2024 may have marked the final stages of a risk-asset inflation cycle. Born of the financial crisis, the initial crypto sparked a historic speculative frenzy and infinite copycats that are unwinding.
The graphic shows Bitcoin reverting to its mean and mode from the election year at about $64,000 -- a potential line in the sand. If $64,000 is breached, dominoes can tumble, with the stock market potentially next.
If Bitcoin is a guide, 2024 may have marked the final stages of a risk-asset inflation cycle. Born of the financial crisis, the initial crypto sparked a historic speculative frenzy and infinite copycats that are unwinding.
The graphic shows Bitcoin reverting to its mean and mode from the election year at about $64,000 -- a potential line in the sand. If $64,000 is breached, dominoes can tumble, with the stock market potentially next.
Bitcoin suddenly plunged, trading more than 10% below other markets. Reports indicate that a staff error during an airdrop mistakenly distributed 2,000 $BTC (around $133 million) instead of a small KRW reward. Some recipients sold the coins immediately, triggering the sharp price drop.
$XRP is maintaining support, keeping the bullish trend intact, with a key level at 1.02. The price reaction is strong, and if it stays above the recent swing low, it could set up a potential 1–2 bullish move.
Ethereum $ETH has reached the 78.6% Fibonacci retracement level, but the current rebound shows limited momentum. The first significant resistance lies around $2,093. If the price fails to surpass this barrier, another downward move could still be on the cards.
Bitcoin has seen brutal drops before — sometimes losing up to 70–80% in full-on bear markets. But this time, the bigger risk might not be a crash. Data from CryptoQuant suggests $BTC could just move sideways for a while, going nowhere fast. No big rallies, no dramatic dumps just slow, boring price action that tests everyone’s patience while the market waits for a real catalyst.
🚨 UPDATE: More than 9.3M $BTC are currently sitting at a loss, marking the largest underwater supply since January 2023, according to Glassnode.
The $BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling.
These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning.
These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning.
$ETH
The next major Fibonacci support sits around 1,820 and a move to test that level looks increasingly likely in the near term. Until a clear low is established, the resistance zone will need to be recalibrated.
The next major Fibonacci support sits around 1,820 and a move to test that level looks increasingly likely in the near term. Until a clear low is established, the resistance zone will need to be recalibrated.
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