Trump&#8217;s stance on the Hormuz blockade suggests prolonged economic pressure on 
Iran, impacting global oil markets and diplomatic relations.
The post Trump calls US Hormuz blockade &#8220;profitable,&#8221; likens it to piracy amid 
tensions appeared first on Crypto Briefing.

Trump calls US Hormuz blockade “profitable,” likens it to piracy amid tensions

Geopolitical tensions and macroeconomic challenges may lead to increased 
volatility and selling pressure in the crypto markets, affecting investor 
confidence.
The post Ethereum faces downward pressure amid geopolitical, macroeconomic 
challenges appeared first on Crypto Briefing.

Ethereum faces downward pressure amid geopolitical, macroeconomic challenges

A crypto analyst has outlined a specific period he believes could be the right 
time to sell Bitcoin (BTC) for the most returns. Supporting his prediction, 
the analyst highlighted a recurring historical pattern that has marked major 
bullish turning points in BTC’s market cycles. He suggested that these past 
patterns could be used to determine the best exit points for traders in the 
ongoing cycle. Analyst Reveals Best Time To Sell Bitcoin Crypto market analyst 
Merlijn The Trader has cautioned that Bitcoin could be approaching a major 
turning point, urging traders to consider selling their coins to maximize 
returns. In a post on X, he predicted that BTC may be heading toward another 
sharp correction, with a possible downside target near the $33,000 level, one 
of his lower-cycle projections. Related Reading: Bitcoin ETFs Lose Nearly Half 
A Billion Dollars As Fear Returns To Crypto The analyst warns traders to “sell 
in May and go away,” arguing that Bitcoin may hit a fresh cycle top this May, 
followed by a potential drop that could trigger losses for many bulls who fail 
to exit early enough. He pointed to a repeating Bitcoin cycle pattern that has 
historically aligned with major market tops around May in mid-cycle years. 
Sharing a price chart, Merlijn The Trader outlines BTC’s price movements from 
2014 to the present. He noted that during the 2014 Bitcoin cycle, the market 
topped in May before a decline of around 61% followed. In 2018, a similar May 
peak preceded a massive price crash of approximately 65%. Furthermore, in 
2022, the same structure repeated, with Bitcoin forming a May high which 
eventually led to a 66% market recession. Across these three cycles, the 
timing of the peaks has remained eerily consistent, with May acting as a 
critical turning point before a sustained downside movement. Notably, Merlijn 
The Trader believes that the current market cycle is once again following 
these historical trends. Based on the recurring structure, the analyst 
estimates a possible downside of about 60.73% after Bitcoin reaches a 
potential market top this May. With BTC currently trading above $78,000, such 
a staggering decline would place the price near $33,000. Analyst Outlines Bull 
And Bear Case Scenarios For Bitcoin In a separate analysis, crypto expert Ted 
Pillows predicts two potential near-term scenarios for Bitcoin as its price 
hovers around $78,000. The analyst explained that, because the $75,000 level 
has acted as strong support for Bitcoin over the past few weeks, he believes 
the cryptocurrency could be preparing for another major rally. Pillows noted 
that Bitcoin is now approaching the critical resistance zone around $78,000 to 
$80,000. He said this zone is where the real test is set to begin. According 
to the analyst, if Bitcoin can safely reclaim and hold this range, the next 
move could be a jump to fill the Chicago Mercantile Exchange (CME) gap near 
$86,000. The chart also shows this clearly, tracing BTC’s projected path 
toward this upper CME gap. Once price nears $86,000, Pillows predicts a sharp 
pullback to the previous $80,000 range. Related Reading: US CLARITY Act Moves 
Closer To Law After Surprise Stablecoin Yield Update For his bearish forecast, 
the analyst noted that if Bitcoin gets rejected around the $78,000 to $80,000 
resistance, it could trigger a larger correction, potentially pushing the 
price toward the $70,000 level before a new bounce. Further decline in this 
area could also lead to a steeper drop to $66,318. Featured image from 
Unsplash, chart from TradingView

Analyst Predicts Exactly When To Sell Bitcoin For The Most Return

A Seoul court has temporarily halted a six-month partial business suspension 
imposed on South Korean crypto exchange Bithumb, dealing a significant legal 
setback to the country’s financial regulator just weeks after a similar ruling 
went against it in the Upbit case. Key Takeaways: Seoul’s court halted 
Bithumb’s 6-month FIU suspension on April 30, allowing the […]

Seoul Court Rescues Bithumb from Record 6-Month Suspension

New crypto legislation could enhance regulatory clarity, potentially 
stabilizing markets and encouraging institutional investment in the sector.
The post SEC chair calls for new crypto legislation amid outdated legal 
framework appeared first on Crypto Briefing.

SEC chair calls for new crypto legislation amid outdated legal framework

The appointment signals a tougher US stance, potentially reducing chances for 
diplomatic progress and peace with Iran, impacting market perceptions.
The post US appoints hawkish adviser Nick Stewart to Iran negotiating team 
appeared first on Crypto Briefing.

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