Bitcoin
Bitcoin Primed To Crash Lower Before a ‘Violent and Glorious Bounce,’ Says Crypto Analyst – Here Are His Targets
Published
2 months agoon
By
admin
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC).
The analyst pseudonymously known as Kaleo tells his 687,400 followers on the social media platform X that Bitcoin is on the cusp of a bull season but could first go lower from the current level.
Based on the analyst’s chart, it appears he’s suggesting that Bitcoin could fall to under $82,000 before rallying to above $120,000.
“Sweep into the $80,000s is going to feel like the bottom rings of hell for altcoins after what they’ve already been through, but the bounce back across the board should be violent and glorious when it’s all over.”
Bitcoin is trading at $96,310 at time of writing.
The pseudonymous analyst also offers his outlook on the Polkadot/Bitcoin pair. According to Kaleo, Polkadot (DOT) is poised to go “up only from here” after a strong bounce at a major support level.
Polkadot is trading at 0.00005 BTC ($4.81) at time of writing.
On altcoins, the widely followed analyst says he believes the “heart of the bull market” is yet to be experienced.
“Entering into the most frictionless regulatory period the crypto market has seen in years, combined with the MOST support it has seen from the highest levels of the government, I have a very hard time believing that we don’t see significant growth in the altcoin sector outside of just memecoins.
The next leg up of the cycle will definitely have some madness in memecoins and non-fungible tokens (NFTs), but I really believe we’ll see a return to the roots of real tech and real products advancing adoption in this space.”
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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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Bitcoin
Bitcoin Is About To Begin Outperforming Gold, Says InvestAnswers – Here’s His Timeline
Published
2 hours agoon
April 28, 2025By
admin
A widely followed crypto analyst and trader is forecasting that Bitcoin (BTC) will start outperforming gold.
In a new video update, the host of InvestAnswers tells his 565,000 YouTube subscribers that the top crypto asset by market cap should outpace gold over the coming months, as he says the precious metal looks overextended following its parabolic rally to $3,500.
“If you look at the steady correlation between Bitcoin and Nasdaq, it is extremely tight because Bitcoin is considered a risk asset, [while] gold is considered a risk-off asset. But here, if you look at the Bitcoin/gold correlation, it fluctuates very heavily. Half the time, not correlated; half the time, it is correlated.
So there’s no signal of direct correlation and Bitcoin has already had a great post-halving, and in fact, we had hit a new all-time high before the halving, which has never happened before with Bitcoin. But its correlation with gold remains low.
Now, if I look at this chart and just like a caveman would, what do I interpret? I expect the correlation to increase with gold as the broader dynamics of the market will shift as well. I also believe gold is overbought, so I see gold mean-reverting and I see Bitcoin going up versus gold over the next six months.”
InvestAnswers says a summarized interpretation of his analysis would be that the flagship digital asset is lagging behind gold and will start to outpace the precious metal during the next six months.
BTC is trading for $93,870 at time of writing, a fractional decrease during the last 24 hours while gold is valued at $3,283 per ounce, a marginal decrease on the day.
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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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Bitcoin
Here’s How Bitcoin Could Boost Demand for US Treasuries, According to Macro Guru Luke Gromen
Published
10 hours agoon
April 28, 2025By
admin
Veteran macro investor Luke Gromen says he likes Bitcoin (BTC) due to its potential to influence demand for US Treasuries.
In a new video update, the founder of the macroeconomic research firm Forest for the Trees (FFTT) says the Trump administration is in a position to boost demand for US bonds after the president signed an executive order creating a Strategic Bitcoin Reserve.
A Bitcoin bull market typically increases demand for dollar-pegged crypto assets, and according to Gromen, could ultimately drive demand for US Treasuries.
“Note that the Trump administration is still talking about putting T-bills (Treasury bills) into stablecoins, using stablecoins as a means to drive demand for T-bills. And obviously, they’ve talked about the Strategic Bitcoin Reserve.
Left unsaid in all of that is that the higher the Bitcoin price, the more stablecoin demand, the more T-bill demand there is…
I think the underlying theme of [the] US government desperately needs balance sheet and stablecoins and therefore Bitcoin can help the US government find balance sheet. I think that is absolutely still in play.
It’s one of the reasons why we still like Bitcoin over the intermediate longer term.”
Stablecoin issuers such as Tether and Circle predominantly rely on Treasury bills to back their coins on a 1:1 basis. As of December 2024, Tether has invested over $94.47 billion in T-bills to back USDT. Meanwhile, Circle owns $22.047 billion worth of T-bills as of February of this year to back USDC.
Additionally, two stablecoin bills that are progressing through Congress, the STABLE Act of 2025 and the GENIUS Act of 2025, require issuers to invest in T-bills and other real-world assets to back their coins.
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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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Bitcoin
Monero’s XMR Rockets 40% as XRP Leads Crypto Majors Gains
Published
14 hours agoon
April 28, 2025By
admin

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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