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Bitcoin Indicator Signals Equilibrium After Trump Victory – A Clear Path To New Highs?

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Bitcoin is trading around $75,000 following Donald Trump’s victory in the U.S. election, stirring fresh optimism in the crypto market. Trump’s pro-crypto stance has ignited excitement among analysts and investors who anticipate favorable policies for digital assets in his administration. With Bitcoin now sitting at all-time highs, many speculate this could begin a new rally phase.

Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details

Key data from CryptoQuant indicates that Bitcoin has reached a price equilibrium, suggesting there are no strong market forces pulling the price lower. This positive equilibrium reinforces the bullish outlook and hints at a stable foundation for further growth. Analysts believe Bitcoin may be set for new highs with fewer obstacles in the coming weeks.

As investor confidence builds, some view this phase as a critical moment for Bitcoin to solidify its position in a pro-crypto policy environment. The combination of strong technical support and positive sentiment from Trump’s victory has set the stage for what many hope will be a significant upward trend, potentially driving the broader crypto market higher.

Bitcoin Enters A Bullish Phase

Bitcoin has officially entered a bullish phase after breaking past its previous all-time highs, reaching $76,500. This level has become a new area of focus as many analysts identify it as a potential resistance zone. 

According to CryptoQuant analyst Axel Adler, the market is currently balanced between a “Bubble” and a “Crash” phase. Adler’s analysis, which includes key on-chain data, suggests that Bitcoin’s market structure is at an equilibrium, meaning there are no significant fundamental reasons to anticipate a drop. Instead, this setup provides a stable foundation for possibly continuing Bitcoin’s upward trend.

Bitcoin Bubble vs Crash Market Structure signals equilibrium
Bitcoin Bubble vs Crash Market Structure Signals Equilibrium | Source: Axel Adler on X

With the Federal Reserve’s interest rate decision set to be announced today, the next few weeks promise to be pivotal. A stable or favorable decision from the Fed could reinforce the optimism in the market, drawing in new demand and reinforcing Bitcoin’s position above $76,000. 

Many investors and analysts expect heightened activity from institutional players, particularly given Bitcoin’s resilience around this milestone level. The market’s balance at this juncture is crucial. As long as Bitcoin maintains its current structure, it has the potential to continue its upward trajectory without substantial risk of retracement. 

With fresh demand entering the market and the macroeconomic backdrop shaping up favorably, Bitcoin may soon aim for even higher levels. For now, all eyes remain on the $76,500 mark and how the market will respond in the wake of the Federal Reserve’s announcement. This period of consolidation could be the catalyst for the next leg up, solidifying Bitcoin’s bullish outlook.

BTC Key Levels To Watch 

Bitcoin is trading at $75,000, holding steady above its previous all-time high of approximately $73,800. This level has become a critical support zone as BTC continues in a well-defined 4-hour uptrend. The trend began after a strong bounce from the 200 exponential moving average (EMA) at $66,800, indicating renewed bullish momentum.

BTC trading above previous ATH
BTC trading above previous ATH | Source: BTCUSDT chart on TradingView

Bulls need to keep the price above the $73,000 mark to sustain this momentum, a key psychological threshold. This level boosts market confidence and provides a potential springboard for Bitcoin to reach higher targets soon. A confirmed hold above $73,000 could signal further upside, inviting additional buying pressure and potentially setting up BTC for new highs.

However, if BTC fails to hold this level, it could slip toward a lower demand area of around $70,500. Despite this possibility, current price action shows no significant signs of a downturn. The steady uptrend and firm support levels suggest that Bitcoin’s bullish outlook remains intact, with little indication of an imminent drop.

As long as BTC maintains its structure, the path toward continued gains remains clear, reinforcing confidence in the ongoing rally.

Featured image from Dall-E, chart from TradingView



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Bitcoin

Rich Dad Poor Dad Author Says He’s Dumping Gold and Silver for Bitcoin, Unveils Massive BTC Price Target

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Best-selling author Robert Kiyosaki is changing his investment strategy in favor of Bitcoin (BTC).

The Rich Dad Poor Dad author tells 3.5 million subscribers of his YouTube channel that since 1964, he has been investing in silver but is now trading in silver and gold for Bitcoin.

According to Kiyosaki, Bitcoin has more upside potential relative to the two precious metals.

“I’m switching as fast as I can out of gold and silver into Bitcoin. Because I think Bitcoin, in 2025, it will probably go to $250,000 a coin.”

Bitcoin is trading at $102,011 at time of writing.

The Rich Dad Poor Dad author says that the massive debt the US holds, currently approximately $36.2 trillion, is a bullish catalyst for Bitcoin.

“The reason Bitcoin is doing so well is because of my generation or the generation before. America is now the biggest debtor nation in history. They’re printing $1 trillion every 90 days.

And as much as I like President Trump, who is a friend of mine, they don’t talk about it. They don’t talk about how they’re going to handle that debt…

…so that’s why for years I have saved silver and gold. But now I’m taking all my silver and gold and converting to Bitcoin.”

Kiyosaki further says,

“This is the biggest change in world history – the shift from fake money to crypto, the digital money. And I’m on it as hard as I can.”

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Africa

The Bitcoin And Cypherpunk Spirit Is Alive And Well In Africa

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In the past two months, I’ve attended the Adopting Bitcoin Cape Town conference in South Africa and the African Bitcoin Conference in Kenya. I’ve also visited Bitcoin circular economies in both of these countries including Bitcoin Ekasi, Afribit Kibera and Bitcoin Witsand.

These experiences have opened my eyes to the fact that developers, community leaders and everyday plebs across Africa are harnessing the power of Bitcoin to catalyze change in their lives, and they’re doing so while carrying on the spirit of the early cypherpunks.

An African Bitcoiner’s Manifesto

In “A Cypherpunk’s Manifesto,” Eric Hughes wrote:

“Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can’t get privacy unless we all do, we’re going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don’t much care if you don’t approve of the software we write. We know that software can’t be destroyed and that a widely dispersed system can’t be shut down.”

It’s with this attitude that the builders in Africa are building. And while not all of the builders on the continent are writing code, they’re all doing as much of their work as possible without asking permission.

So, based on what I saw in Africa during my recent two trips to the continent as well as to my trip to Ghana in late 2023, during which I attended the African Bitcoin Conference and visited Bitcoin Dua, I’d image an African Bitcoiner’s version of Hughes’ manifesto might read something like this:

“African Bitcoiners just build things with Bitcoin. We know that somebody has to step up to enact change, because all of the promises from the NGOs and governments have fallen short. We publish our proof of work online so that fellow African Bitcoiners can use it as a model and adapt it to their own unique context. Our proof of work and/or code is free to replicate across Africa, and beyond its borders. We aren’t looking for approval from authorities; however, we aren’t opposed to working with them if they see the value in our projects and visions. We know that our work harnesses the immutable and uncensorable nature of Bitcoin as well as the indefatigable nature of the human spirit and, therefore, can’t be stopped or shut down.”

The following are some examples of projects that embody such a spirit:

Bitcoin Ekasi

Bitcoin Ekasi is one of the most shining manifestations of the cypherpunk and Bitcoin ethos in Africa. The project, initiated in 2021 and based in Mossel Bay, South Africa, has become a model for Bitcoin circular economies across Africa.

The project, founded by Hermann Vivier (also one of the organizers for Adopting Bitcoin Cape Town) aimed to do two things: raise funds in bitcoin for The Surfer Kids non-profit, which Vivier also founded, and onboard shops in the community to Bitcoin. (Project Community Leader Luthando Ndabambi has done the latter masterfully over the years.)

The purpose of the second dimension of the mission was to enable community members to spend their bitcoin within the community, ideally raising the economic status of the community as a whole in the process.

The project now works with the local public primary school, which recently began accepting bitcoin for school fees, and has revamped the community centers for both Bitcoin Ekasi and The Surfer Kids (in part thanks to generous donations from Jack Dorsey and fundraising efforts by Aubrey Strobel.)

Some politicians in the country, several of whom spoke at Adopting Bitcoin Cape Town this year, have taken notice of the project and are as a result starting to see the value of Bitcoin.

Tando

Tando is an app built by a team based in Kenya that lets Bitcoin Lightning wallets interface with Kenya’s mobile money system M-PESA.

The app, which doesn’t require KYC and is highly intuitive, is one of the greatest tools for financial inclusion in the country, as those who lack the proper ID-papers are excluded from making payments via M-PESA. Using Tando, they can make the payment via their Lightning wallet and transact digitally with their fellow Kenyans.

Tando is also a great option for Bitcoiners who visit Kenya. I used it multiple times during my stay in Kenya to pay Kenyan shilling-denominated tabs digitally.

Learn more about the app here.

Bitcoin Dua

Founded in 2023, Bitcoin Dua is located in Agbozume, Ghana, which is near the country’s border with Togo. It’s quickly established itself as one of the fastest-growing Bitcoin circular economies in Africa.

Not only does the project help to educate Ghanaians about Bitcoin, but it also provides coding and robotics classes to help its community members develop skills that can help them find employment that pays in bitcoin.

The project’s founder, Mawufemor Kofi Folivi and his team were awarded the Social Impact award at this year’s African Bitcoin Conference, and Jack Dorsey has committed funding to help build a sports complex in the community.

The team at Bitcoin Dua can’t stop and won’t stop.

Machankura

Founded in May 2022 by Kgothatso Ngako (KG) (also one of the organizers for Adopting Bitcoin Cape Town), Machankura enables Africans to use bitcoin over Lightning with feature phones (i.e., cell phones before smart phones).

The technology allows users to send bitcoin over USSD, the equivalent of SMS in Africa, giving some of the two-thirds of the population of Africa that doesn’t have access to the internet access to bitcoin.

KG is also currently working on technology that will store the private keys to bitcoin on chips embedded in feature phones, essentially enabling these phones in the six African countries in which the service is available to double as bitcoin hardware wallets.

CYPHERPUNK AF.

Afribit Kibera

Afribit Kibera, located in Kenya, is a Bitcoin circular economy located in the largest informal settlement in Africa.

The project’s co-founder, Ronnie Mdawida, is a long-time human rights advocate and community organizer, and he’s now using Bitcoin as a tool to help further bring the unbanked and the underbanked into the economy.

Mdawida and his team have onboarded 40 merchants to Bitcoin thus far and have set up a recycling program that rewards participants with sats for their work.

While many of the merchants and community members of Afribit Kibera were introduced to bitcoin primarily as a medium of exchange, many have started saving in it, feeling more hopeful about their future as a result.

Proceeding Together Apace

While each of the projects mentioned above are incredible in their own right, what makes the Bitcoin story in Africa really special is that the members of all these projects continue to learn from and build with one another.

This is the beauty of not only open-source software but also conferences like Adopting Bitcoin Cape Town and the African Bitcoin Conference where builders across the continent share their successes and challenges as well as offer support for each other.

If you’ve yet to attend one of these conferences, I highly recommend you do so, especially if you’d like to feel firsthand the spirit of the cypherpunks or those who embody the Bitcoin ethos.

African Bitcoiners aren’t waiting for permission to change both their lives and the lives of those around them. Bitcoin gives them the opportunity to build a brighter future — together.





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ATH

Van de Poppe predicts potential for new ATH in the coming weeks as BTC Hits $105K

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Crypto analyst Michaël van de Poppe said that there is a high chance Bitcoin will hit a new all-time high in the coming weeks.

In a recent post on X, Michaël van de Poppe celebrated Bitcoin’s surge to $105,000 on Jan. 30. According to CoinGecko, Bitcoin (BTC) opened at $103,719 on this day and is now trading at $105,137. Expressing optimism, van de Poppe suggested that a new all-time high could be on the horizon in the coming weeks.

This followed his earlier X post where he noted that Bitcoin had reached $104K after the FOMC meeting and projected that if it broke above $105K, a new ATH high in Feb. would be likely. The FOMC meeting, which was held on Jan. 29, concluded with the decision of maintaining the federal funds rate within the target range of 4.25% to 4.50%. This decision follows three consecutive rate cuts in the latter part of 2024.

Bitcoin’s surge past $105K erased the losses from the DeepSeek dip and reignited bullish sentiment among analysts. Michaël van de Poppe isn’t the only one who expressed his optimism. Pentoshi also pointed out Bitcoin’s resilience in the face of the broader market weakness. Sharing his thoughts with his 749,200 followers on X, he noted that BTC is holding above the middle of its current range, which has now turned into support. Given this resilience, he sees no reason why new highs shouldn’t be expected soon. 

Bitcoin’s ATH currently stands at $108,786, a record set on January 20.





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