Bitcoin’s price structure is starting to look less like a clean recovery to 
$80,000 and more like a battleground between $76,000 and $78,000, where every 
rally is being tested, and every dip is being watched. A new technical outlook 
from a crypto analyst known as Guru is now adding an interesting angle to that 
uncertainty, outlining a path where Bitcoin could first lure in late buyers 
before unwinding into a 50% decline before the end of the year. Next Bitcoin 
Move Bitcoin’s recent price action in April has led to bullish momentum slowly 
creeping in, and many analysts are now looking at bullish price targets at the 
end of the year. However, in a post shared on the social media platform X, 
crypto analyst Guru laid out a revised multi-stage roadmap for Bitcoin that 
culminates in a crash to as low as $30,000 by year-end, a drawdown of as much 
as 61% from current levels. Related Reading: Bitcoin Bulls Should Be Wary Of 
This Level Or Investors Risk Getting Trapped The chart accompanying the post 
is a weekly timeframe chart that projects the full arc of the move: a 
compression zone, a rally, and then a terminal decline that would take Bitcoin 
to price levels last seen in late 2023. According to the weekly chart, Bitcoin 
is currently transitioning into a high-timeframe redistribution phase. Guru&#8217;s 
original prediction anticipated a simpler two-act sequence involving a flush 
to $55,000 followed by a direct rally to $80,000. That scenario has now been 
superseded, though the analyst is clear that the broader conclusion has not 
changed. The updated plan introduces a higher-timeframe (HTF) consolidation 
and redistribution phase first, which is likely to trap traders on both sides. 
The prediction based on this updated plan is that Bitcoin will reverse soon to 
find a local bottom in the $62,000-$65,000 zone before staging a rally to 
$85,000. It is that rally, Guru argues, that is the real danger. &#8220;The 85k pump 
will be the ultimate exit liquidity trap,&#8221; the analyst wrote. A Year-End Slide 
To $30,000 The most interesting part of the prediction is what is expected to 
happen once Bitcoin undergoes the projected rally to $85,000. Once the 
liquidity above is taken and the market exhausts buying pressure, the analyst 
anticipates a move lower, targeting a broad range between $50,000 on the 
higher end and $30,000 on the lower end before the end of the year. Related 
Reading: Bitcoin To $140,000 And XRP To $7? Here’s When It Will Happen Despite 
the severity of the forecast, Guru has been explicit about what would 
invalidate it. A weekly close above $98,000 would render the entire bearish 
scenario void. At the time of writing, Bitcoin is trading at $77,000, which 
means a drop to $50,000 would represent a decline of roughly 35%, while a 
deeper slide to $30,000 would translate to an approximate 61% loss from 
current levels. On the other hand, a move to the analyst’s invalidation level 
at $98,000 would require a rally of about 27%. Featured image from Adobe 
Stock, chart from Tradingview.com

Analyst Reveals Bitcoin Big Picture, Predicts 50% Crash By EOY

Robinhood posted solid first-quarter growth, with revenue up 15% year over 
year, even as crypto trading income fell sharply. The results highlight a 
shift toward equities, options, and interest income as key drivers. Key 
Takeaways: Robinhood posted $1.07B Q1 revenue, up 15%, but crypto revenue fell 
47% to $134M. Robinhood assets jumped 39% to $307B, […]

Robinhood Posts $1.07B Q1 Revenue as 47% Crypto Drop Shifts Focus to Equities

Powell&#8217;s stance reinforces the Fed&#8217;s commitment to data-driven decisions, 
potentially stabilizing markets amid political and geopolitical tensions.
The post Powell defends Fed autonomy amid political pressure for rate cuts 
appeared first on Crypto Briefing.

Powell defends Fed autonomy amid political pressure for rate cuts

Efficient batching in AI models can slash costs and boost performance by up to 
a thousand times.
The post Reiner Pope: Batch size dramatically impacts AI latency and cost, kv cache is key for autoregressive models, and efficient inference can save resources | Dwarkesh appeared first on Crypto Briefing.

Reiner Pope: Batch size dramatically impacts AI latency and cost, kv cache is key for autoregressive models, and efficient inference can save resources | Dwarkesh

Turkey&#8217;s demining role could signal broader regional cooperation, potentially 
easing tensions and impacting future geopolitical dynamics.
The post Turkey eyes demining role in Strait of Hormuz amid Iran-US peace 
talks appeared first on Crypto Briefing.

Turkey eyes demining role in Strait of Hormuz amid Iran-US peace talks

Institutional interest in Bitcoin ETFs suggests potential for market growth, 
but geopolitical tensions and low trading volumes may hinder price surges.
The post Bitcoin ETFs see $823M inflows led by BlackRock&#8217;s IBIT amid US-Iran 
tensions appeared first on Crypto Briefing.

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