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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 How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed analyst who had earlier in the year warned of a crypto market pullback now says Bitcoin (BTC) could undergo a correction before rising higher to a new all-time high. The analyst pseudonymously known as Bluntz tells his 327,300 followers on the social media platform X that he “wouldn’t be surprised” to see Bitcoin plunge substantially before resuming an uptrend. Based on the pseudonymous analyst’s chart on the daily time frame, it appears he’s suggesting that Bitcoin has completed the third wave of a five-wave Elliott Wave pattern inside a rising wedge pattern. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. From the chart, it appears the pseudonymous analyst sees Bitcoin falling to around $110,000 before appreciating to around $135,000 to complete the fifth wave. Source: Bluntz/X Bitcoin is trading at $120,437 at time of writing. Next...

Crypto Whales have dumped over 170 million in Chainlink (LINK) in the last three weeks, signaling concerns of a potential price crash. In the last 30 days, LINK is down 18%, with selling pressure around the altcoin growing. Despite the coin being added for transactions on the PayPal payment service , momentum around LINK remains negative, causing some concern that the asset’s price will continue to decline. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. Whale activity around an asset is often looked at when analyzing a cryptocurrency’s next price movement. This significant outflow from large holders has fueled speculation that an additional downside may come. Chainlink is down 17% since March 26. Its trading volume in the last 48 hours is also down over 20%, with smaller...