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Market experts say Bitcoin is consolidating, not topping, and predict a retest before the next explosive breakout. Bitcoin (BTC) climbed above $126,000 for the first time ever on Tuesday. But what followed was a quick retreat of around 4% shortly thereafter. Despite the short-term pullback, the broader trend shows a historic lull in activity. The asset’s long-term volatility has dropped to record lows, which means that Bitcoin is entering one of its calmest phases yet. Such a pattern has often preceded major price movements in the past. Not a Cycle Top For BTC, Yet According to Alphractal, Bitcoin’s 180-day…

Bitcoin is poised for unprecedented price discovery as long as it doesn’t peak within the next few days, according to veteran trader Peter Brandt.“It is reasonable to expect a bull market high any day now,” Brandt told Cointelegraph on Wednesday, citing Bitcoin’s (BTC) historical cycle pattern, which has played out in the three previous cycles.“These cycles from low-to-halving-to-high have not always been the same length, but the post-halving distance of each has always been equal to the pre-halving distance,” Brandt said.Sunday marked the crucial day for Bitcoin’s cycleBrandt explained that Bitcoin hit its current cycle low on Nov. 9, 2022,…

Bitcoin price corrected gains and traded below the $125,000 pivot level. BTC is now consolidating near $122,200 and might struggle to rally above $125,000s. Bitcoin started a downside correction below the $124,000 level. The price is trading below $123,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $122,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $122,000 zone. Bitcoin Price Dips Again Bitcoin price extended gains above the $125,000 zone. BTC climbed above the $125,250…

Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts. Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday. “Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added.Bitcoin shows signs of “upward momentum”Arab Chain stated that Bitcoin “appears to be in a phase of balanced upward momentum,”…

Square, the payment services arm of Block (XYZ), has launched a new set of tools aimed at making bitcoin BTC$122,578.33 easier to use for small businesses, letting sellers accept crypto payments and manage their digital assets alongside traditional finances, the company announced Wednesday.The offering, called Square Bitcoin, includes three main features: bitcoin payments, automatic bitcoin conversions from card sales, and a native bitcoin wallet built into Square’s seller platform. Sellers will be able to accept bitcoin with no processing fees for the first year and choose to convert up to 50% of their daily sales into bitcoin automatically. The tools…

Solana ETF approval >90% likely, potentially driving SOL price toward $300-$1300. XRP ETF filings boost institutional interest; XRP consolidates near $3.10 resistance. MAGACOIN FINANCE presale raises $15M, backed by Hashex audit and strong community traction. The crypto market is buzzing with expectations as ETF headlines take over in October. Solana’s ETF countdown positioned the altcoin in the limelight, with probabilities over 90%. Ripple XRP ETF filings have drawn interest as investors prepare to get regulatory clearance. As these unfold, Chainlink and MAGACOIN FINANCE were added to top analyst watchlists due to their positive momentum and increased investor confidence. Analysts claim…

Institutional appetite for Bitcoin has surged to new and unprecedented levels this year.  As of October 8, global bitcoin exchange-traded products (ETPs) and publicly traded companies have collectively acquired 944,330 BTC — already surpassing the total amount purchased in all of 2024.  To put this in perspective, these institutions have bought roughly 7.4 times the new supply of bitcoins mined this year.  With three months remaining in 2025, it’s safe to assume that rate will only go up.  Bitcoin institution statistics from September According to a monthly report shared by Bitcoin Treasuries with Bitcoin Magazine, public and private treasuries added a…

A majority of lawmakers in the US Senate voted to confirm Jonathan McKernan as Under Secretary for Domestic Finance at the Department of the Treasury.In a Tuesday vote of 51 to 47, the Senate confirmed McKernan to the US Treasury, serving under Secretary Scott Bessent. Though the US government has been shut down since lawmakers failed to pass a bill extending funding beyond Sept. 30, Congress can essentially continue to operate.McKernan, nominated to the Treasury by US President Donald Trump in June, has previously suggested opposition to debanking policies in the government, but did not explicitly tie the alleged practice…

A Bitcoin technical indicator has squeezed to its tightest ever level as volatility diminishes and the asset remains rangebound despite recent peaks.  “Bitcoin’s weekly Bollinger Bands recently hit record tightness,” reported chartered market technician Tony Severino on Wednesday. For now, the cryptocurrency has failed to break out above the upper band with strength, despite reaching an all-time high of $126,000 earlier this week. According to past local consolidation ranges, “it could take as long as a hundred days to get a valid breakout (or breakdown, if BTC dumps instead),” he said. Bollinger Bands are a technical analysis tool used…

Shayne Coplan, founder and CEO of the blockchain-based prediction market Polymarket, has become the world’s youngest self-made billionaire, according to the Bloomberg Billionaires Index. The milestone follows Intercontinental Exchange (ICE) announcing Tuesday that it would invest as much as $2 billion in the company at an $8 billion pre-money valuation. ICE owns the New York Stock Exchange, one of the world’s most powerful financial institutions.Coplan, now 27, launched Polymarket in June 2020 after spending a year studying how prediction markets could improve decision-making. The platform lets users wager on real-world outcomes, from elections to sports to economic indicators, using cryptocurrency.Polymarket’s…