Bitcoin (BTC) is experiencing its first seven-day decline in eight weeks, 
prompted by hawkish signals from the US Federal Reserve (Fed) that have led 
traders to sell off the asset, which has more than doubled in value this year. 
Bitcoin Rebounds To $97,500 After Historic ETF Outflow The market’s leading 
cryptocurrency saw a drop of as much as 5.3% to $92,149 on Friday, following a 
record high of just above $108,000 earlier in the week. Since then the Bitcoin 
price has recovered the $97,500 mark, down approximately 5% since Sunday. This 
downturn has also affected smaller cryptocurrencies, including Ethereum (ETH) 
and Dogecoin (DOGE), despite a generally positive performance in US equities. 
Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal 
The Final Correction? The shift in sentiment is further highlighted by a 
significant outflow from US exchange-traded funds (ETFs) that invest directly 
in Bitcoin. On Thursday, these funds recorded a historic outflow of $680 
million, ending a 15-day streak of inflows, according to data compiled by 
Bloomberg. The heightened volatility in the crypto market follows a rally that 
began after Donald Trump’s victory in the US presidential election on November 
5. Analysts from QCP Capital have noted that positioning in the market had 
become &#8220;overly bullish,&#8221; leaving digital assets susceptible to fluctuations in 
the Federal Reserve&#8217;s tone regarding inflation control. With the US Federal 
Reserve signaling a potential slowdown in its easing measures with its chair’s 
Powell announcement on Wednesday, the focus is shifting to the pace at which 
traditional financial institutions adopt cryptocurrency. Historical Patterns 
Suggest Potential Rebound For BTC’s Price Hani Abuagla, a senior market 
analyst at XTB, stated in a recent note that the interplay of monetary policy, 
institutional adoption, and political developments suggests that Bitcoin will 
remain sensitive to both macroeconomic and crypto-specific catalysts through 
2025. This sentiment is echoed by Chris Weston, head of research at 
Pepperstone Group, who advised caution in the short term. Weston noted that 
while a collapse in price is not imminent, the momentum behind Bitcoin&#8217;s 
recent rally has diminished, indicating a shift in market control. Related 
Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals 
Market expert Lark Davis on the other hand, weighed in on the current price 
action, reassuring investors that historical patterns could suggest a rebound 
in the coming days. The expert referenced December 2020, when Bitcoin 
experienced a 12% drop following a 77% rally in the preceding months but then 
surged from $17,000 to $41,000—a 136% increase—in just 23 days. Davis posits 
that a similar scenario may be unfolding now, with Bitcoin facing a 13% dip 
after a robust fourth quarter. While he acknowledges the possibility of an 
additional 10-15% correction, he remains optimistic about the potential for 
further upward movement in the cryptocurrency market. Featured image from 
DALL-E, chart from TradingView.com

Is This The Bottom? Experts Weigh In On Bitcoin 13% Dip And Potential Recovery

Crypto analyst Rekt Capital says that Ether could keep consolidating between 
the $3,000 and $4,000 range, though a pullback to $3,000 isn&#8217;t entirely out of 
the question.

If ETH ‘pullback continues,’ a $3K retrace remains in play — Analyst

XRP has faced a sharp downturn over the past few days, shedding over 23% of 
its value since Tuesday. This steep correction has mirrored the broader 
market&#8217;s turbulence, intensifying negative sentiment around XRP. However, 
notable developments are emerging beneath the surface of this bearish price 
action. Related Reading: Bitcoin Data Reveals No Significant Panic Selling In 
The Market – Shakeout Or Trend Shift? Key on-chain data from Santiment reveals 
that whales are taking advantage of the dip. In the last 24 hours alone, these 
large holders have accumulated an additional 110 million XRP, demonstrating 
significant confidence in the asset’s long-term prospects. Historically, whale 
activity during negative sentiment often signals strategic positioning for 
future gains. This accumulation trend suggests that whales are undeterred by 
short-term price fluctuations, focusing instead on XRP’s potential in the 
coming months. As retail traders grow increasingly cautious amidst the recent 
drop, the actions of these large holders highlight a different perspective. 
While the immediate outlook for XRP remains uncertain, the notable whale 
activity is a bullish indicator for the long run. Whether this signals a 
bottom or simply positions XRP for a broader recovery remains to be seen, but 
it is clear that big players are looking beyond the current market turbulence. 
XRP Holding Key Levels XRP is currently trading 28% below its multi-year high 
of $2.90, but it has managed to stay above a critical support level at $1.90. 
This zone, regarded as the bulls&#8217; last line of defense, has proven resilient 
amid recent market volatility. Holding above this level is essential to 
maintaining the bullish structure that has characterized XRP&#8217;s recent price 
action. Adding to the optimism, key metrics from Santiment, shared by crypto 
analyst Ali Martinez, reveal that XRP whales have accumulated actively during 
the pullback. Over the last 24 hours, these large holders have purchased an 
additional 110 million XRP, underscoring their confidence in the asset’s long- 
term potential. Historically, whale activity during price dips often signals 
preparation for a recovery. The next step for XRP to regain momentum is to 
push above critical supply levels that have previously stalled upward moves. A 
breakout above these zones could trigger a swift rally, bringing XRP closer to 
its multi-year high. Related Reading: On-Chain Metrics Reveal Cardano Whales 
Are ‘Buying The Dip’ – Details The strong support at $1.90 and continued whale 
accumulation suggest a positive outlook for the weeks ahead. However, 
maintaining current levels and overcoming resistance will be crucial for XRP 
to capitalize on this potential and reignite its bullish trajectory. Technical 
Levels To Watch XRP is trading at $2.06, reflecting a loss of momentum after 
failing to reclaim the crucial $2.60 level. This inability to push higher has 
left the market uncertain, with XRP holding above the critical $1.90 low. For 
now, these levels suggest the asset could enter a prolonged period of range- 
bound trading, oscillating between $1.90 and $2.60 in the coming days. 
However, market sentiment remains fragile, and this indecision could tilt 
toward the bearish side if the overall mood doesn&#8217;t improve. With XRP trading 
just above the psychologically significant $2 mark, a continued lack of 
bullish momentum might lead to a significant selloff. If bears take control, 
the lack of strong support below $2 could pave the way for a deeper 
correction, eroding recent gains. Related Reading: Bitcoin Stuck Between $99K 
And $102K – Analyst Explains Macro Situation For XRP to break free from this 
indecisive phase, a clear reclaim of the $2.60 level is necessary to restore 
confidence among bulls. Until then, traders and investors are likely to 
exercise caution, closely monitoring price movements and sentiment shifts to 
gauge the next directional move. Without a decisive breakout, the price may 
face mounting pressure, risking a more pronounced downturn if support at $1.90 
fails. Featured image from Dall-E, chart from TradingView

XRP Whales Loading Up – Data Reveals Buying Activity

Recent technical analysis has revealed that the XRP price is consolidating 
after breaking key resistance levels to new highs. A crypto analyst has warned 
of an impending XRP price crash, urging investors not to get distracted as the 
RSI is still significantly above 50%. Discussing his predictions through short 
and long-term XRP price charts, the analyst shows that the cryptocurrency is 
firmly positioned in a bullish trend despite impending corrections. XRP Price 
RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure 
is highlighted in the Relative Strength Index (RSI), a technical indicator 
used to measure the momentum of a cryptocurrency. This double tap pattern 
typically signals further downward movement before a price stabilization. 
Related Reading: This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, 
Full Prediction Shows A Further 30% Decline According to Dark Defender, a 
crypto analyst on X (formerly Twitter), the RSI’s recurrent dips into oversold 
territory indicate that XRP could experience a price crash to new lows. The 
analyst disclosed that the XRP price had previously found strong support at 
$2.17; however, the cryptocurrency experienced a bounce to the upside. After 
hitting this support level, the XRP price is now consolidating, a pattern 
often associated with a potential uptrend after a correction. Despite the 
slight market recovery, the analyst has warned of another impending price 
crash in this same support zone as the RSI approaches oversold levels once 
more. Earlier in December, the RSI had hit oversold territories after dipping 
below 30%. Now XRP’s RSI is above 50% and signaling a potential to experience 
a price correction between the support levels at $2.17 and $2.18. Dark 
Defender has revealed that this price crash could occur soon as XRP is 
expected to enter oversold territory within a day. Despite this potential 
price correction, the analyst has acknowledged that the XRP’s broader outlook 
still looks bullish, with an uptrend continuation expected once the market 
consolidates following its projected price dip to new lows. Dark Defender has 
also predicted that XRP’s next price target after this projected correction is 
likely above $3, marking an almost 40% increase from the $2.17 support area. 
XRP 3-Month Chart Signals Strong Bullish Set Up Following his predictions that 
the XRP price could crash as it enters oversold conditions, Dark Defender also 
shared a 3-month chart analysis, painting a brighter outlook for the 
cryptocurrency. The chart shows that XRP has recently broken through a multi- 
year resistance level for the first time in over five years, signaling a 
strong bullish shift. Related Reading: Bitcoin Price Crash Below $100,000 Not 
The End As Analyst Predicts Another 52% Jump The three-month green candle 
structure between October and December confirms strong buying pressure, 
setting the stage for a potentially bullish Q1 2025 from January to March. A 
rounded bottom pattern can also be seen on the XRP 3-month chart. This pattern 
is a classic bullish reversal structure that indicates a gradual move from a 
downtrend to an uptrend. Dark Defender has marked several Fibonacci levels as 
potential price targets for XRP. According to the analyst, XRP could see a 
261.80% rise to the 5.8563 Fibonacci level between $5 to $9. After which, the 
analyst expects a 361.80% surge to the 18.2275 Fibonacci between $16 to $28. 
Support levels at the 0.6649 Fibonacci at $0.9 have also been highlighted, 
acting as a safety net for XRP during price corrections. Featured image 
created with Dall.E, chart from Tradingview.com

XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50%

Marathon Digital Holdings is redefining the narrative around Bitcoin mining by 
repurposing its excess heat to benefit communities in Finland. In a Dec. 20 
statement on X, the company said it provides heating for approximately 80,000 
residents through a forward-thinking approach that merges innovation and 
environmental responsibility. This success builds on a pilot project launched 
[…]
The post Marathon Digital warms 80,000 Finnish homes with heat generated from 
Bitcoin mining appeared first on CryptoSlate.

Cryptocurrency price in BDT