Saylor’s Strategy Adds $1.9 Billion Worth Of Bitcoin To Growing Portfolio
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Michael Saylor’s firm, Strategy (previously known as MicroStrategy), announced a new Bitcoin (BTC) buy on Monday, March 31st of a significant $1.9 billion in BTC. This comes despite the market’s leading cryptocurrency’s recent challenges, having plummeted 25% from its all-time high in January of this year. Interestingly, this latest acquisition marks the largest in terms of tokens for Strategy in 2025. Strategy Boosts Bitcoin Holdings To $43.4 Billion Since late October, Strategy has engaged in a series of nearly weekly purchases, bringing its total Bitcoin holdings to approximately $43.4 billion. Remarkably, this amount represents about 2.5% of the total 21 million Bitcoin that will ever be issued. According to a recent filing with the US Securities and Exchange Commission (SEC), Strategy acquired 22,048 Bitcoin at an average price of roughly $86,969 each between March 24 and March 30. Related Reading This purchase is part of a larger trend for the company, which has actively sought to bolster its Bitcoin reserves. In the first quarter alone, Strategy spent approximately $7.79 billion on Bitcoin, with the next largest acquisition earlier this year totaling 20,356 Bitcoin, announced on February 24. To finance this latest purchase, Strategy utilized proceeds raised through its at-the-market sales program for common shares, as well as offerings of preferred shares. This financing approach has proven successful, as the common shares of Strategy have surged nearly 2,200% since Saylor began investing the company’s cash into Bitcoin in 2020. During the same timeframe, Bitcoin itself has seen an increase of over 600%. Market Indicators Signal Potential BTC Recovery Bitcoin, on the other hand, is currently attempting to consolidate above the critical support level of $80,000 after experiencing a decline toward $76,000 for the first time since November 2024. Despite this recent drop, indicators suggest potential for further price recovery in the near term. Recent research from analysis firm CryptoQuant highlights the significance of Binance’s spot trading volume in the cryptocurrency market. Notably, in early 2025, when Binance’s volume surpassed that of all other exchanges combined, Bitcoin was experiencing a surge toward new all-time highs of $109,000. The Binance vs. Other Exchanges BTC Spot Volume Delta indicator has turned positive again, indicating that Binance’s trading volume is consistently outpacing that of its competitors. Related Reading The last time this trend was observed, BTC was trading around $42,000 before climbing to $73,000. Historically, periods of heightened Binance volume have been associated with bullish market sentiment, suggesting that traders may view Binance’s dominance as a positive signal for Bitcoin’s price trajectory. It is also worth noting that at the beginning of 2024, Binance’s volume was reported to be 19 times greater than Coinbase’s. Although this disparity has decreased to eight times, it still highlights Binance’s significant leadership in the market. According to CryptoQuant’s analysis, the ongoing strength of Binance as a trading platform will likely play a crucial role in shaping market dynamics as Bitcoin seeks to regain its footing above the $80,000 mark. The daily chart shows BTC’s price consolidation above $80,000. Source: BTCUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Amid the Bitcoin price struggles, crypto analyst BitQuant has pushed back against the idea that the top is in and instead provided a bullish outlook for the flagship crypto. He also remarked that he would reveal when the “real top” is in. Analyst Affirms Top Isn’t In Yet Despite The Bitcoin Price Stuggles In an X post, BitQuant was confident as he assured that the top isn’t in yet despite the Bitcoin price struggles. He noted that during the last cycle, market participants argued that $60,000 didn’t look like a top, even though it had a perfect textbook structure of one. Now, there is a panic although this top structure has yet to form in this market cycle. Related Reading The analyst stated that he understands the bearish sentiment but that this is likely because some market participants haven’t experienced the bull phase yet. He affirmed that when the real top is in for the Bitcoin price, and there is a 25% pullback, he will post his accompanying chart again. The analyst added that market participants would know for sure, without any guidance, whether the top is in or not. Source: BitQuant on X Crypto analyst Kevin Capital also suggested that the top isn’t in yet for the Bitcoin price. However, he admitted that the crypto is in a major correctional phase in the market. The analyst remarked that these corrections take time and asked market participants to stay patient while monitoring the macro data and monetary policy updates. Kevin Capital mentioned that much can be done in the meantime and claimed that this is what crypto is like. He added that most of the Bitcoin price gains are accomplished in a two-week period every year. Other times, the flagship crypto simply trades sideways or witnesses significant declines. BTC Still Risks Dropping To As Low As $70,000 In a recent analysis, Kevin Capital predicted that the Bitcoin price could still drop to as low as $70,000. He stated that if BTC loses the golden pocket at $81,000 and follows through with that measured target, then the $70,000 to $73,000 range, which he has outlined on the higher time frames, would be the “Measured Move” target. Related Reading The analyst also remarked that there are lots of factors this week that will influence price action. One is Donald Trump’s tariff implementation on April 2nd, which he suggested could be a buy-the-news event in the sense that BTC has also priced into the effects of the proposed tariff and could surge once the event occurs. Kevin Capital also highlighted other macro factors, such as the labor market data at the end of the week. Meanwhile, the US Treasury run-off will decrease from $25 billion to $5 billion starting April 1st. The analyst admitted that it remains uncertain whether these events have an immediate sentiment effect or even affect the sentiment at all. At the time of writing, the Bitcoin price is trading at around $82,000, down almost 2% in the last 24 hours, according to data from CoinMarketCap. BTC trading at $81,952 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pexels, chart from Tradingview.com
Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Rekt Capital recently discussed the Bitcoin price action and provided insights into the flagship crypto’s future trajectory. Specifically, he alluded to BTC’s RSI, which is showing a similar pattern to last year, just before the rally to new highs. Bitcoin’s RSI Targeting Daily Retest That Triggered 2024 Price Rally In an X post, Rekt Capital revealed that Bitcoin’s RSI is targeting a daily retest that triggered the 2024 price rally. He mentioned that last week, the daily RSI successfully performed a post-breakout retest of the RSI downtrend, which dates back to November 2024, to confirm the breakout. He added that the RSI is now going for another retest of that same downtrend. Related Reading The Bitcoin price rallied to $100,000 during this November 2024 period following Donald Trump’s victory in the US presidential elections. Rekt Capital’s accompanying chart showed that the RSI is retesting the 40 zone, with a break below this level likely to spark another downtrend for the flagship crypto. On the other hand, holding above this RSI level could spark another uptrend for BTC, sending its price to new highs. Source: Rekt Capital on X However, the Bitcoin price looks more likely to face another major correction at the moment, having dropped from its weekly high of around $88,500 to below $84,000 on Friday. Macro factors like Donald Trump’s tariffs and the US Federal Reserve’s quantitative tightening policies are weakening the flagship crypto’s bullish momentum. Trading firm QCP Capital opined that any short-term upside for the Bitcoin price remains capped as markets wait for clarity from Trump’s next move in the escalating trade war. The PCE inflation data, which was released on Friday, also sparked a bearish outlook for BTC as the core index rose beyond expectations. BTC Could Form Local Bottom At Current Price Level Crypto analyst Titan of Crypto suggested that the Bitcoin price could form a local bottom at its current price level. He noted that BTC is still holding above a strong confluence of supports, including the monthly Tenkan and midline of the monthly Fair Value Gap. The analyst added that the last two times BTC has held these supports, it has marked a local bottom. Related Reading In an earlier post, Titan of Crypto had raised the possibility of the Bitcoin price rallying to $91,000 soon. He stated that a bullish pennant had formed on the 4-hour chart. According to him, if this pattern breaks to the upside, the BTC target is around $91,400. Meanwhile, legendary trader Peter Brandt looks bearish as he recently predicted that BTC could drop to as low as $65,635. At the time of writing, the Bitcoin price is trading at around $83,900, down over 2% in the last 24 hours, according to data from CoinMarketCap. BTC trading at $83,805 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com
GameStop (GME) Down Bad After Bitcoin News — Here’s The Catch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. GameStop (NYSE: GME) suffered a sharp 25% drop yesterday, a sudden downturn that followed a 16% rally on March 26. The catalyst? A bold decision by the gaming retailer’s board to establish a Bitcoin treasury—joining the ranks of MicroStrategy, Metaplanet, and other corporations. Initially, the news sent GME shares soaring, as investors viewed the move as a bullish signal. However, the stock quickly reversed course and now finds itself in turbulent waters. Investor optimism over GameStop’s Bitcoin play was palpable at first. The announcement sparked excitement similar to when MicroStrategy began accumulating Bitcoin. Yet the initial rally gave way to heavy selling pressure, erasing nearly $3 billion in market value. While the company has not fully detailed its strategy or timeline for Bitcoin acquisitions, the market’s whiplash response has prompted widespread debate. GameStop’s ‘Convertible Arbitrage’ Factor On X, analyst Han Akamatsu offered an explanation rooted in parallels to MicroStrategy’s past financing methods. He began by noting: “Let me explain to you why GameStop is falling today, as far as I understand based on my MSTR experience.” According to Akamatsu, when MicroStrategy previously issued convertible notes, large institutional buyers used a strategy known as convertible arbitrage: “When MSTR issued convertible notes, institutional buyers used convertible arbitrage: They bought the bonds, shorted MSTR stock to hedge [and] waited for the bond to either convert or mature.” He emphasized that this process created “artificial short pressure” on the stock—despite MicroStrategy’s own bullish outlook on Bitcoin. Akamatsu then referenced MicroStrategy’s 2021 issuance: “In 2021, MSTR issued $1.05B of 0% convertible notes, the stock dipped after the announcement due to hedging shorts, but later exploded when Bitcoin ripped and the arbitrage unspooled.” Akamatsu went on to connect these dots to GameStop’s current situation: “GME is following the same blueprint now:Issue $1.3B in 0% convertibles, likely going to buy Bitcoin [and] institutions are now shorting GME to hedge.”He pointed out that if GME or Bitcoin rises substantially, the short positions set up to hedge the convertibles could be unwound en masse: “If GME or BTC goes up a lot, the trade gets very interesting as we have a squeeze opportunity here.” He further explained the typical ratio of shorts involved: “A common practice is to short 50–70% of the bond’s notional value in stock. They make money on the arbitrage between the bond conversion price and the stock price, even if the stock stays flat or drops.” Finally, Akamatsu noted that the volume-weighted average price (VWAP) would influence the conversion price: “VWAP pricing window behavior, they’ll want the stock low to get favorable conversion. Conversion price will be based on GME’s VWAP […] from 1:00 PM to 4:00 PM EDT on the pricing day.” Criticism Over the Risk Some market watchers have criticized GameStop’s board for incurring what appears to be self-inflicted selling pressure. One user on X questioned whether Chairman Ryan Cohen (often referred to by the initials RC) had miscalculated: “Hi Han, great analysis as usual… however, nearly $3bn market value is wiped out today. RC should really ask himself if it is worth it or he miscalculated. The hedge is supposed to mitigate risk in nature. But itself creates much more risk.” Akamatsu stood by his take, asserting: “Calculated and all going according to plan. If you’re not really into the MSTR playbook, I recommend you to check their strategy.” In another post, Akamatsu drew comparisons to a setup he observed with Celsius Holdings (NASDAQ: CELH): “GME has a similar pattern with what CELH had when I claimed this was an easy 100% setup.” He referenced chart analyst Thomas Bulkowski’s work on wedge patterns, hinting that a retracement might offer a buying opportunity: “If GME starts retracing after that solid breakout, textbook Bulkowski says that 7/10 times price tests the wedge again and then has a greater takeoff.” GME falling wedge pattern | Source: X @Han_Akamatsu The analyst reassured traders not to panic if the stock dips further, stressing it could be a standard technical move: “So, if you see GME retrace … don’t panic as this will be normal. You’ll have another chance at a great entry when this tests the wedge again.” He concluded on a hopeful note: “I’m having my fingers crossed this will simply skyrocket.” At press time, GME stood at $22.30. GameStop share price, 1-day chart | Source: GME on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Bitcoin Has Bottomed, Now The Road To $1 Million Begins, Says Arthur Hayes
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In an interview, Arthur Hayes—co-founder of the pioneering crypto derivatives exchange BitMEX—laid out his outlook for Bitcoin, predicting a momentous rally fueled by what he describes as “stealth printing” by global central banks. While Hayes has long stressed the crucial role of liquidity in driving the Bitcoin price, his latest remarks go even further, suggesting a new phase of expansion is imminent. Bitcoin’s 4-Year Cycle Is History Hayes believes that Bitcoin’s original four-year “halving cycle” framework has been overshadowed by the asset’s ascent into mainstream financial consciousness. According to him, early on, Bitcoin’s market dynamics were more closely tied to mining profitability cycles. However, those days appear largely gone: “Now that Bitcoin and crypto are a bona fide asset class…everyone’s responding to it,” Hayes said. “It has transitioned from this technological digital bearer asset into the best smoke alarm for fiat liquidity that we have globally.” Related Reading Rather than focus on halving events, Hayes urges investors to track how many dollars, euros, yen, and yuan are actively being created—or destroyed—by the world’s major central banks. In his view, the Federal Reserve, the People’s Bank of China, the Bank of Japan, and the European Central Bank drive the most significant flows: “All I care about is fiat liquidity. As long as we believe [Bitcoin] works, then it just comes down to how many fiat things are in the denominator, and then you just get to the price.” According to Hayes, markets are underestimating the US Federal Reserve’s willingness to revert to looser monetary policy far sooner than publicly stated. He calls recent Fed moves “stealth printing,” arguing that Chair Jerome Powell is quietly laying groundwork to keep credit conditions easy—even though official language still references inflation concerns. Hayes pointed to signs in the Fed’s communications that quantitative tightening (QT) will slow or even pause. One such indicator is Powell’s mention of offsetting any reduction in mortgage-backed securities with fresh purchases of US Treasuries: “They said they might taper QT to be flat […] That’s very positive for dollar liquidity.” He also noted Powell’s statements that any inflation arising from tariffs would be considered “transitory”—in effect granting the Fed cover to maintain accommodative policies: “Tariffs don’t matter anymore to Powell, and they shouldn’t matter anymore as crypto investors […] because we know that Powell’s going to continue to provide the monetary conditions […] that we need to have our portfolios go up in value in fiat dollar terms.” The Bottom Is (Probably) In In Hayes’s estimation, the worst of Bitcoin’s recent downturn may already be behind us. Although he concedes that the market could still retest lows, he contends that Bitcoin has likely established a key floor: “On balance, we probably hit a bottom of 76,000 […] Does that mean that we’re not going to retest it? No, of course not, but if I had to make a bet, I would bet that we go higher rather than lower.” For Hayes, this is a question of recognizing a turning point in monetary policy. Once the Federal Reserve and other central banks signal they are fully done tightening—“or never truly started,” in his phrasing—he expects Bitcoin to climb. Related Reading Hayes also dismissed the idea that looming crypto regulations in the United States or elsewhere could meaningfully stifle Bitcoin’s trajectory. He believes Bitcoin’s permissionless, decentralized design makes it effectively impervious to traditional regulatory blockades: “Crypto regulation doesn’t matter. Bitcoin doesn’t need anyone’s permission. It’s moving with or without them […] If Bitcoin trades on tradfi regulations, then I don’t want to own it. I want something immune to regulation.” In one of his most attention-grabbing statements, Hayes contemplated whether Bitcoin could achieve “a numerically interesting number”—including the possibility of $1 million—during the next wave of dollar-driven liquidity. Although he did not definitively lock in an exact price ceiling, he mentioned that it might be a psychologically resonant figure: “I put $1 million Bitcoin out there- I hope it will be $1 million dollars but you know maybe it’s just 666,000 or 500,000 or 250,000 what some round number that the human mind sees as significant, for some arbitrary reason.” For Hayes, it comes down to global monetary authorities deciding they have “gone too far” in trying to rein in spending and inflation. Once central banks resume large-scale liquidity injections, he argues, the stage is set for rapid upside in Bitcoin’s price. Arthur Hayes’s perspective centers on the idea that Bitcoin’s fate hinges almost exclusively on global liquidity conditions. He remains convinced that central bankers, especially at the Fed, are closer to providing a renewed wave of monetary stimulus than the market believes—paving the way for a dramatic Bitcoin rally. While volatility remains inherent, Hayes insists that the largest cryptocurrency is poised to move swiftly once the policy backdrop aligns. “If you know what to look for, the clues are everywhere. The bottom is in, liquidity is coming back, and Bitcoin… it’s already turning the corner.” Where that corner leads, according to Hayes, could be as high as $1 million—starting, he suggests, as soon as April. At press time, BTC traded at $85,765. Bitcoin price, 1-day chart | Source: BTCUSDT on TradingView.com Featured image from YouTube, chart from TradingView.com
Crypto Pundit Makes Case For Bitcoin Price At $260,000, But This Invalidation Level Threatens The Rally
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A prominent crypto pundit has outlined a compelling case for the Bitcoin price outlook, predicting a surge to a target as high as $260,000 this bull cycle. However, a critical invalidation level stands in the way of this bullish scenario, threatening Bitcoin’s projected rally if breached. On March 26, Gert van Lagen, a well-known crypto analyst on the X social media platform, predicted that the Bitcoin price could hit a bullish target between $200,000 and $300,000. The analyst’s chart suggests that Bitcoin’s price action in the past few years has closely followed a classic market cycle structure, moving through the Accumulation, Redistribution, Re-accumulation, and Distribution phases. Bitcoin Price Eyes New ATH Above $260,000 According to Lagen, Bitcoin has successfully broken out of a seven-month re-accumulation phase, signaling the potential start of a powerful uptrend. Between late 2022 and early 2023, the cryptocurrency experienced an accumulation phase in which smart money entered the market at low prices when BTC had bottomed out. This was followed by a strong rally that led to a rapid price appreciation to new highs. Related Reading After consolidating for seven months in mid-2023 – early 2024, Bitcoin formed a range, allowing the market to absorb supply before another price breakout. Notably, this trend continued in 2025, with BTC breaking out of a seven-month re-accumulation phase. Source: Gert Van Lagen on X Based on the trajectory of Lagen’s price chart, Bitcoin’s next leg up is a sharp rise to $240,000, followed by a brief correction before rallying to a price peak between $290,000 and $300,000. After hitting this ATH, the analyst predicts that Bitcoin will decline and undergo a period of choppy trading, experiencing price fluctuations between $220,000 and $260,000. Interestingly, Bitcoin’s projected rise to an ATH and the following sideways trading are expected to occur during its distribution phase, which is typically characterized by increased sell-offs and market volatility. Once BTC experiences a final surge to $260,000, Lagen predicts a price crash toward $148,000 – $136,000, marking the possible end of the bull rally and the start of the bear market. Key Invalidation Level Threatening BTC’s Rally Lagen’s optimistic price forecast for Bitcoin is being threatened by a key invalidation level, which could halt the cryptocurrency’s potential surge to $200,000 – $300,000. Although Bitcoin’s bullish structure remains intact, the analyst warns that a weekly close below the 40-week LSMA would invalidate its breakout. Related Reading As of writing, the Bitcoin price is consolidating above this key invalidation level at $73,900. As long as it holds above this level, Lagen believes that its bullish trajectory will be sustained. However, a drop below $73,900, which already represents a 15% decline from BTC’s current market price, could postpone the projected surge or cancel it altogether. BTC trading at $87,183 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase
GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes. This move comes just a day after GameStop shares surged nearly 12% when the company revealed that its board had unanimously approved an update to its investment policy, designating Bitcoin as a treasury reserve asset. GameStop Planned Bitcoin Investment The planned investment in Bitcoin follows a recent trend of GameStop exploring cryptocurrency ventures. Reports surfaced about a month ago indicating that the company was considering investments in the digital currency space. Speculation intensified on February 8 when GameStop CEO Ryan Cohen shared a social media post featuring a photo with Michael Saylor, the CEO of Strategy (MSTR), a company renowned for its substantial Bitcoin holdings, which exceed 447,000 BTC tokens. Saylor’s strategy of heavily investing in Bitcoin has proven fruitful, with MicroStrategy’s stock appreciating over 84% in the past year, largely in tandem with rising Bitcoin prices. However, Wall Street analysts remain cautious about GameStop’s ability to replicate this success. Skepticism From Wall Street Experts “The company’s strategy, which has changed about six times in three years, is they’re going to buy cryptocurrency and be just like MicroStrategy,” noted Wedbush analyst Michael Pachter. Pachter further expressed skepticism about the effectiveness of this approach, particularly given Strategy trades at roughly two times its Bitcoin holdings. Pachter added, “If GameStop were to buy all Bitcoin with their $4.6 billion in cash and trade at two times their Bitcoin holdings, the stock would drop five bucks.” Additionally, GameStop reported its fourth-quarter earnings results after the market closed on Tuesday, revealing $1.28 billion in net sales for the quarter—a 28% decline compared to the same period last year. For the full fiscal year, the company posted an adjusted EBITDA of $36.1 million, a decrease from $64.7 million reported the previous year. Experts’ concerns may also be stemming from Bitcoin’s volatility, which saw a more than 25% retracement from its record high of $109,000 reached during the broader market rally in January. This developed into a drop toward the $76,000 mark on March 11th, a level not seen since November 2024. However, the market’s leading crypto has recovered to around $87,477 at the time of writing, reflecting a 4.5% increase in the fourteen-day time frame. Featured image from DALL-E, chart from TradingView.com
Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend Weekly, But Things Could Turn Bad If This Happens
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Tony Severino has provided an update on the Bitcoin price action. The flagship crypto is now eyeing a bullish reversal, but the analyst warned of how things could still go wrong for BTC and mark the end of the bull run. Bitcoin Marks 114 Weeks In Active Buy Signal In an X post, Severino revealed that Bitcoin is still in an active buy signal on the SuperTrend weekly. He added that BTC has been in this buy signal for 114 weeks and roughly 800 days. This is undoubtedly a huge positive for the flagship crypto, especially as it looks to reclaim the psychological $90,000 level and rally to new highs. Related Reading However, the crypto analyst warned that a sell signal would be a strong sign that the bull run has ended. His accompanying chart showed that the sell signal could send BTC into a Supertrend DownTrend, with the flagship crypto dropping to as low as $22,000 in what could mark the peak of the bear market. Bitcoin active for 114 weeks | Source: Tony Severino on X Crypto analyst PlanB recently affirmed that the bear market is not here yet. Instead, he believes Bitcoin is still in the middle of a sustainable uptrend and predicts that the flagship crypto’s price could double this year. This could lead to a parabolic rally to as high as $180,000 for BTC. Experts like Standard Chartered have also predicted that a rally to $200,000 this year is achievable. In the meantime, the focus will likely be on how the Bitcoin price reacts to Donald Trump’s reciprocal tariffs, which will go into force on April 2nd. The previous tariffs sparked a wave of sell-offs, causing BTC to drop to as low as $77,000. However, there is also the possibility that Bitcoin has priced in this development and could avoid any further downtrend when the tariffs are implemented on April 2nd. A New ATH This Year Is Possible Crypto analyst Titan of Crypto has also affirmed that Bitcoin could see a new all-time high (ATH) this year. This came as he remarked that BTC’s uptrend is intact and that the flagship crypto reacted strongly around the weekly 50-day Exponential Moving Average (EMA). His accompanying chart showed that Bitcoin could reach a new ATH of $121,000 before the year runs out. Related Reading In another X post, he again predicted that Bitcoin could reach this target while revealing a ‘Bump and Run’ pattern which was forming for the flagship crypto. Titan of Crypto asserted that the Uphill run will be epic. A positive for BTC is that whales are actively accumulating. Crypto analyst Ali Martinez revealed that over 22,000 coins were withdrawn from exchanges in the past week. At the time of writing, the Bitcoin price is trading at around $87,500, up in the last 24 hours, according to data from CoinMarketCap. BTC trading at $88,137 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com
GameStop Board Unanimously Approves Bitcoin As Treasury Reserve Asset
In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market’s largest cryptocurrency, Bitcoin (BTC). This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor. With $4.8 Billion In Cash, GameStop Eyes Bitcoin Expansion Following the announcement, GameStop’s stock surged more than 6% in extended trading, reflecting investor enthusiasm for the company’s new direction. This news aligns with earlier reports from CNBC in February, which hinted at GameStop’s intentions to incorporate Bitcoin and other cryptocurrencies into its financial strategy. As of February 1, GameStop reported holding nearly $4.8 billion in cash, and the company indicated that a portion of this cash, along with potential future debt and equity issuances, may be allocated to Bitcoin and US dollar-denominated stablecoins. Notably, GameStop has not imposed a ceiling on the amount of Bitcoin it may purchase, suggesting a commitment to exploring the cryptocurrency market without restrictions. Ryan Cohen’s Vision This foray into cryptocurrencies is part of a broader strategy by GameStop’s CEO, Ryan Cohen, to revitalize the company’s struggling brick-and-mortar operations. Under Cohen’s leadership, GameStop has focused on cost-cutting measures and operational streamlining to ensure long-term profitability. By adding Bitcoin to its balance sheet, GameStop aims to modernize its financial approach and appeal to a new generation of investors. However, the company has also acknowledged the risks associated with this venture. In a filing with the Securities and Exchange Commission (SEC), GameStop noted that Bitcoin is a highly volatile asset, subject to significant price fluctuations. The firm cautioned that its Bitcoin strategy has yet to be tested and may ultimately prove unsuccessful, highlighting the inherent risks of investing in cryptocurrency. In conjunction with the cryptocurrency announcement, GameStop also reported positive financial results for its fourth quarter. The company posted a net income of $131.3 million, more than double the $63.1 million earned in the same period last year. This financial performance, coupled with the new Bitcoin strategy, has generated optimism among investors about GameStop’s future. At the time of writing, BTC is seeing a notable 7% price recovery on the weekly timeframe, leading to the retaking of the key $88,000 mark. This comes after weeks of heavy selling pressure that saw the leading crypto retreat to the $76,000 level for the first time since November 2024. Featured image from DALL-E, chart from TradingView.com
Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin has entered a period of relative calm, with its price oscillating between $81,000 and $89,000 over the past several sessions. This newfound stability has reassured many traders, as the odds of a sharp decline below $80,000 have diminished significantly. Selling pressure is starting to ease, buyers are gradually stepping in, and the market appears to be in an accumulation phase, which is often a precursor to another rally. Even with selling pressure easing, there’s still a risk of breakdown below $80,000 at any moment. However, dormer BitMEX CEO and renowned crypto investor Arthur Hayes recently shared a bold projection that Bitcoin will reach $110,000 before retesting the $76,500 price level. Arthur Hayes Predicts $110,000 Will Come Before Any Pullback to $76,500 As it stands, Bitcoin is closer to $75,000 than it is to $110,000, but popular crypto commentator Arthur Hayes believes the leading cryptocurrency will reach the latter before the former. A climb to $110,000 will translate to a new all-time high for Bitcoin, as its current peak is $108,786, set in January. Related Reading At present, Bitcoin is trading about 20.3% below that high, and concerns about a deeper correction are valid. The possibility of a pullback to $76,500 is still a genuine concern, especially since that price sits just under this month’s local low, and it can be quickly retested before another bounce upwards. Hayes’ comments on social media platform X offered both a price target and a macroeconomic rationale. Hayes stated, “I bet $BTC hits $110k before it retests $76.5k,” clarifying that the momentum of the market and shifts in monetary policies are more likely to push the Bitcoin price up rather than another correction towards $76,500. He went further to suggest that once Bitcoin crosses $110,000, it may not look back until it starts approaching $250,000. This price target resonates with outlooks from other crypto analysts. Incoming Shifts In Monetary Policies Central to Hayes’ reasoning is the Federal Reserve’s changing stance on liquidity. He pointed out that the Fed is transitioning from quantitative tightening (QT) to a new phase of quantitative easing (QE), particularly in the Treasury markets. Although the Fed has been engaged in quantitative tightening (QT) since June 2022, there are now discussions about pausing or slowing down the balance sheet runoff. According to Reuters, some analysts predict a shift towards a more QE-like approach. Related Reading This shift could potentially inject more liquidity into the financial system, pushing assets like Bitcoin to higher price levels. Hayes also dismissed concerns about inflation, stating that the Fed Chairman appears to view it as “transitory inflation.” At the time of writing, Bitcoin is trading at $86,600, having traded at an intraday high of $88,713 in the past 24 hours. BTC trading at $87,192 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com
Tariff Easing Fuels Altcoin Rally: Solana, DOGE, And ADA Shine While Bitcoin Stalls
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin (BTC) has experienced a notable surge, gaining 3% in the last 24 hours, climbing from $84,000 to $88,600, following reports that upcoming US tariffs on major trading partners will be less severe than initially anticipated. However, altcoins like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have outperformed Bitcoin’s surge in the 24-hour time frame, being the top gainers in the ten largest cryptocurrencies list. Bitcoin And Top Altcoins Experience Significant Gains Scheduled for announcement on April 2, President Donald Trump had previously indicated that he would impose both reciprocal and sector-specific tariffs on countries including Canada, China, and Mexico. However, anonymous sources within the White House, as reported by Bloomberg and the Wall Street Journal, have suggested that the president may opt for a narrower approach, focusing solely on reciprocal tariffs. According to the reports, this shift in strategy appears to signal a tempering of the administration’s approach to a “potential trade war”, which has historically led to increased volatility in both the cryptocurrency and equity markets. Related Reading Dan Greer, CEO of Defi App, a decentralized finance platform, noted the correlation between Bitcoin’s recent price increase and the news of the tariff adjustments. “This surge in Bitcoin’s price coincides with reports that the Trump administration is considering narrowing the scope of tariffs set to take effect on April 2,” he stated. The positive sentiment surrounding Bitcoin has extended to the broader cryptocurrency market, with nearly all of the top 10 cryptocurrencies by market capitalization experiencing gains on Monday. Ethereum rose by 4%, XRP by 2%, Solana, DOGE and Cardano led the pack with increases of 8%, 7.8% and 4.5% respectively. The stock market reflected this optimism, with both the Nasdaq and S&P 500 indices rising 2% over the past 24 hours. Expert Insights On BTC’s Recent Fluctuations Greer highlighted that this development has alleviated some market uncertainties, leading to increased investor confidence across both cryptocurrency and equity markets. The crypto sector, which has faced mixed reactions since Trump took office, has been grappling with the implications of his fluctuating tariff policies. These policies have introduced a considerable degree of economic uncertainty, prompting many investors to retreat from riskier assets. Related Reading The anticipated tariffs—expected to raise the prices of foreign goods—could lead to inflation, further complicating the economic landscape. Bitcoin, which reached an all-time high of $109,000 in January, has seen a decline, dropping to $78,000 earlier this month amid fears that aggressive economic policies could trigger a recession. Colin Closser, investor relations manager at crypto wallet company Exodus, expressed his understanding of the crypto market’s reaction to Trump’s policies. “I expect markets to show emotion and volatility during times of change and stress in the United States, and you can see that volatility in Bitcoin this morning,” he remarked. The daily chart shows BTC’s price recovery experienced over the past 24 hours. Source: BTCUSDT on TradingView.com Since the spike, Bitcoin has seen a bit of a pullback towards the $86,930 level, with the most notable support floor between $83,000 and $84,000. Featured image from DALL-E, chart from TradingView.com
The Cyclicality Of Bitcoin: What The Cyclical Crests Say About A BTC Top
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Tony “The Bull” Severino, a well-followed crypto analyst, recently took to the social media platform X to share a detailed breakdown of Bitcoin’s historical price behavior. The analysis uses a cyclical lens that many in the crypto community (both bulls and bears) agree holds significant relevance. Notably, Tony Severino focuses on the concept of Bitcoin’s four-year cycles and how troughs and crests have consistently marked the periods of greatest opportunity and greatest risks for investing in Bitcoin. This analysis comes in light of Bitcoin’s recent price correction below $90,000 in March. Cycles Define Sentiment: From Troughs Of Opportunity To Crests Of Risk Severino’s analysis starts from a foundational belief shared across the crypto industry. The widely-held belief is that Bitcoin operates in clearly defined cycles, usually lasting around four years, mostly in relation to its halving cycles. His technical outlook is based on Bitcoin’s cycle indicator on the monthly candlestick timeframe chart that goes as far back as 2013. Related Reading As shown in the chart below, Bitcoin has gone through four definitive cycles in its history. These cycles, he explains, should be viewed from “trough to trough.” The troughs are the darkest moments in the market, but they also represent the point of maximum financial opportunity. Source: Tony Severino on X As these cycles progress, Bitcoin transitions through periods of increasing optimism, eventually arriving at what the analyst calls the “cyclical crest.” These crests, highlighted in red in his chart, are the periods where Bitcoin has reached its point of maximum financial risk. This is relayed in the ensuing price actions, with the Bitcoin price topping out right after passing each cyclical crest. Bitcoin passed through its crest in the current market cycle just before reaching its all-time high of $108,786 in January 2025. If past cycles are any indication, the coming months could reveal whether a top is already in. Right-Translated Peaks: Is BTC Running Out Of Time In This Cycle? Bitcoin has been on a correction path since February and is currently down by 20% from this $108,786 price high. The Bitcoin price has even gone ahead to correct as low as $78,780 in the second week of March, triggering reactions as to whether the crypto has already reached its peak price this cycle. Related Reading However, Bitcoin might not be in the woods yet, as not all crests are followed immediately by market tops. Severino pointed out that past cycles have featured “right-translated” peaks where Bitcoin continued to rise slightly even after crossing the crest. The 2017 bull run was the most right-translated, with price action staying strong for some time after the red-zone crest. In contrast, other cycles began reversing not long after reaching this point of maximum risk. Bitcoin appears to have already passed the red crest based on Severino’s model, but this does not confirm a top is in just yet. Instead, it means that the margin for error is rapidly narrowing. The longer BTC continues to correct after this point, the more elevated the risk of a bearish phase becomes. BTC is attempting to regain bullish momentum at the time of writing, trading at $87,300 after rising 3.6% in the past 24 hours. Many other analysts argue that the Bitcoin price could still chart higher territory this year before a definitive top is confirmed. BTC trading at $87,650 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com