Bitcoin’s credibility came under fire after former U.K. Prime Minister Boris 
Johnson labeled the cryptocurrency a Ponzi scheme, prompting Strategy’s 
Michael Saylor to fire back and defend bitcoin’s decentralized design. Michael 
Saylor Pushes Back as Boris Johnson Triggers New Bitcoin Legitimacy Debate 
Debate over bitcoin intensified after former U.K. Prime Minister Boris Johnson 
criticized the […]

Michael Saylor Slams Boris Johnson’s Bitcoin Ponzi Allegation as £20K Loss Story Surfaces

The Ethereum Foundation&#8217;s ETH sale to Bitmine highlights its strategic focus 
on sustainable growth and decentralized network stewardship.
The post Ethereum Foundation sells 5,000 ETH to Bitmine to fund operations and 
grants appeared first on Crypto Briefing.

Ethereum Foundation sells 5,000 ETH to Bitmine to fund operations and grants

Bitcoin’s extended pullback from its all-time high has left traders in 
uncertainty, and many investors are unsure whether the worst of the decline 
has already passed. One analyst known as Jelle on X is of the notion that the 
conversation may be missing an uncomfortable reality that Bitcoin bear markets 
often become far more painful than most participants expect. The price data, 
he argues, supports a more concerning interpretation of how Bitcoin&#8217;s current 
pullback will play out. Related Reading: Bitcoin Climbs Back To $73,000 As 
Short Squeeze Wipes Out $246M In Futures Bets Current Bitcoin Decline Still 
Smaller Than Previous Bear Markets Crypto analyst Jelle issued an interesting 
warning to investors who may be underestimating the depth and duration of 
Bitcoin bear markets. In a post on X, Jelle noted that Bitcoin is currently 
down roughly 44% from its all-time high of $126,080, with the February local 
bottom around $63,000 registering a 53% decline from the peak. These sound 
severe on the surface. However, they are relatively modest against the 
historical record. Historical data shows that Bitcoin’s previous bear markets 
pushed the asset much deeper below its peak. The market collapse following the 
2017 rally eventually erased about 84% of Bitcoin’s value, while the bear 
market that followed the 2021 cycle bottomed near a 77% decline. A review of 
the chart Jelle shared, which is shown below, illustrates just how consistent 
the cyclical structure has been. Since 2014, Bitcoin has oscillated through 
periods of sustained accumulation and declines. Each bull run lasts 
approximately 150 to 152 weeks, and each bear market persists for anywhere 
between 52 and 58 weeks. Bitcoin Price Chart. Source: @CryptoJelleNL On X The 
current bear phase, by that measure, is well short of the duration at which 
prior cycles found their floors. Projecting the bear market phase from the 
October 2025 all-time high would put the current correction lasting until 
sometime around October 2026. &#8220;Unfortunately, I think there is more pain ahead 
for BTC,&#8221; Jelle said. The RSI Is Telling Investors To Wait The analyst also 
examined Bitcoin’s relative strength index indicator, which has repeatedly 
provided clues about when bear markets are nearing completion, in another 
post. Jelle observed that every previous bear market eventually bottomed when 
the weekly RSI dropped below the 37 level. Once the indicator crosses below 
that threshold, it often falls further before the Bitcoin price reaches its 
final low. Bitcoin has declined roughly 30% since the RSI first moved below 
that level in the current cycle. That decline is smaller than what occurred in 
earlier cycles, though not enough to stand out as a clear anomaly given the 
limited number of examples. More important, according to Jelle, is the pattern 
that forms near the end of a bear market. The final low usually appears when 
the RSI creates a higher low close to the level recorded during the previous 
bottom. That higher low can occur alongside either a lower price low or a 
higher price low. Bitcoin Price Chart. Source: @CryptoJelleNL On X Related 
Reading: Ghana’s Crypto Push Begins As 11 Companies Enter SEC Sandbox When 
price forms a lower low but RSI prints a higher low, the price action produces 
a bullish divergence on the weekly chart. That signal has always preceded the 
transition from bear market conditions into the next accumulation phase. Until 
that structure becomes visible, patience is the best approach. Featured image 
from Unsplash, chart from TradingView

Bitcoin Crash Far From Over? Analyst Shares How Painful Bear Markets Can Get

Corporate demand for bitcoin is accelerating as publicly traded companies tap 
stock and preferred-share financing to accumulate supply, a trend some 
industry leaders say could significantly increase corporate demand for newly 
mined coins and potentially influence market dynamics. Wall Street Capital 
Floods Bitcoin as Corporate Treasuries Expand Holdings Corporate treasury 
demand for bitcoin is increasing […]

Bitcoin Treasury Firms on Track to Absorb 10x Daily Mined Bitcoin Supply, Industry Leaders Say

Bitcoin recently pushed into a key liquidity pocket near the $73,000 level, 
briefly tapping overhead liquidity before encountering a sharp reaction to the 
downside. With structure still holding and buyers stepping in on dips, 
attention is now shifting to whether this positioning phase could set the 
stage for a stronger push toward the $80,000 region. Upper Liquidity Sweep 
Before Sharp Rejection Near $74,000 According to the latest MMT Heatmap update 
from Columbus, Bitcoin experienced a significant surge into the upper 
liquidity pocket during the overnight session. The price climbed aggressively 
to the $73,000 mark, testing the strength of overhead supply. However, this 
momentum was met with a sharp corrective reaction as it approached a 
substantial liquidity cluster situated near $74,000. Related Reading: Bitcoin 
Liquidation Clusters Become Clearer, And Traders Are Leaning Long On BTC This 
specific price action is characterised by a market that is probing for 
liquidity without establishing immediate value acceptance. Here, there is a 
sweep, followed by investors building positions; a standard market mechanism 
where high-interest zones are cleared out before the market gathers the 
necessary structure to sustain a more permanent move higher. Currently, 
Bitcoin remains in a rotation phase as it attempts to solidify a reclaim above 
its previous channel resistance. This transition period is vital for 
converting old resistance into support, providing the technical foundation 
required for the next leg of the bull cycle. The broader outlook remains 
cautiously optimistic, provided that buyer demand is resilient and does not 
fade anytime soon. As long as bids continue to rebuild aggressively on every 
minor dip, the underlying market structure maintains its bullish bias. Bitcoin 
Tests Historic Weekly Support–Resistance Zone Bitcoin’s weekly chart shows 
that the price is currently negotiating one of its strongest support and 
resistance zones, a level that dates back to the week of March 11, 2024. 
Market action around such historically significant areas often determines the 
next major directional move, as both buyers and sellers tend to defend their 
positions aggressively. Related Reading: Bitcoin Price Reclaims Ground, Can 
Bulls Flip Market Momentum? Crypto analyst Christopher Inks notes that 
momentum indicators still leave plenty of room for further upside. Both the 
weekly RSI and the Stochastic RSI remain far from overheated territory, 
suggesting that Bitcoin could still extend its move higher and potentially 
push into the $80,000 region if bullish momentum continues to build. 
Christopher Inks has also emphasized throughout the year that a strong, 
impulsive weekly candle breaking and closing above the yearly pivot at 
$96,071.25 would be a major signal for the market. Such a move would confirm 
that the cycle low is already in place and could open the path for Bitcoin to 
advance toward a new all-time high. Featured image from Pixabay, chart from 
Tradingview.com

Cryptocurrency price in HUF