Altcoin News Official TheBitTimes.com

A closely followed crypto analyst is issuing a warning, saying that Bitcoin (BTC) is still showing weakness despite recovering from its latest dip. In a new strategy session, pseudonymous crypto trader Crypto Capo tells his 922,500 followers on the social media platform X that the top crypto asset by market cap could dip to a price tag of between $88,000 and $90,000, noting that altcoins could take a hit as well. “Despite the strong market bounce after the capitulation event, there’s still some underlying weakness. I’ve reopened the hedge position until we see proper bullish confirmations or a second dip, which might bring BTC down to around $88,000-$90,000. Some altcoins could drop another 10%-30%, with some forming higher lows and others grabbing liquidity below the wick. Even if this happens, the plan remains the same: hold/buy the dip. An important local bottom should be very close.” The trader’s chart appears to indicate that t...

A crypto strategist who has earned the “Master Trader” rank on the digital asset exchange Bybit thinks that it is almost time for memecoins to shine. Pseudonymous analyst Bluntz tells his 315,000 followers on the social media platform X that meme token Floki (FLOKI) is printing a bullish divergence signal on the daily chart. A bullish divergence is traditionally seen as a bullish reversal signal as it suggests that an asset is gaining momentum even if the price drops lower or moves sideways. Says Bluntz, “There is monster FLOKI bullish divergence printing here after it swept a MAJOR level, could print today or tomorrow. Love it or hate it, the meme meta is probably staging a comeback here.”  Source: Bluntz/X At time of writing, FLOKI is trading at $0.000098. Looking at fellow memecoin Dogecoin (DOGE), Bluntz believes that the crypto asset has completed an ABC corrective wave against the US dollar and Bitcoin (DOGE/BTC). Bluntz mostly ...

A closely followed crypto trader and Elliott Wave specialist is forecasting rallies for several altcoins amid a correction in the digital asset markets. Pseudonymous trader Bluntz tells his 304,000 followers on the social media platform X that the utility token for decentralized oracle service Pyth Network (PYTH) has broken out of a bull flag pattern. Bluntz’s chart also suggests that PYTH is in the midst of a five-wave impulse to around the $0.50 level. “Solana ecosystem looking good again, nice bull flag PYTH breakout. Looking impulsive.” Source: Bluntz/X Bluntz practices Elliott Wave theory, which states that a bullish asset tends to go through a five-wave move up before an ABC correction. Based on the trader’s chart, he seems to suggest that PYTH is on the verge of starting its fifth-wave surge following the bull flag breakout. At time of writing, PYTH is trading at $0.431. Bluntz is also bullish on memecoins, saying that the secto...

When Berkshire Hathaway vice chair Charlie Munger died on Tuesday aged 99, the world lost one of its most vocal crypto critics. Famed for his particularly uncompromising anti-Bitcoin (or “rat poison” as he dubbed it) stance, Munger previously claimed “I’m not proud of my country for allowing this Crypto shit,” and decried it as “beneath contempt” and “contrary to the interests of civilization.” However, despite his fierce criticism, it appears that he’s already having a more tangible effect on the crypto space in the short time since his death than he ever did while he was alive. Indeed, just minutes after Berkshire Hathaway announced the death of Warren Buffet’s right-hand man, the MUNGER meme coin pumped over 30,000%. Of course, the token has been as volatile as you’d expect and after its initial jump, dropped 34% in an hour on Wednesday. It’s currently sitting at just $0.00000002921 and boasts a 24-hour trading volume of just $115,000. We can assume that thi...