Bitcoin is finally showing signs of strength as it attempts to push above the 
$98,000 level, signaling a potential end to months of volatility and selling 
pressure. For the first time in weeks, bulls appear firmly in control, 
reclaiming momentum and building a case for a sustained uptrend. After a 
prolonged period of uncertainty, BTC is now trading within a pivotal range 
that could shape its next major move. Related Reading: Ethereum Consolidates 
As Accumulation Trend Develops – New Bullish Phase Ahead? A drop below the 
$90,000 support zone would threaten the current structure and potentially 
confirm bearish momentum. On the other hand, a clean breakout and daily close 
above $100,000 would likely open the door to a powerful rally and renewed 
market confidence. This makes the coming sessions especially critical for 
traders and investors alike. Top analyst Big Cheds recently highlighted 
Bitcoin’s strong technical setup, pointing to the 4-hour chart where BTC is 
showing “beautiful strength” as it tests the upper bounds of its trading 
range. This could be the beginning of a breakout phase if bulls can maintain 
pressure and flip resistance into support. Bitcoin Triggers Investor 
Frustration As $100K Breakout Remains Elusive Bitcoin is testing investors&#8217; 
patience once again as it continues to struggle below the key psychological 
level of $100,000. Despite strong price action in recent weeks, BTC has failed 
to reclaim this milestone, leaving the market divided over what comes next. 
While some analysts maintain that the bull run is far from over and expect 
Bitcoin to break its previous all-time high at $109K, others argue that this 
current rally is nothing more than a relief bounce within a broader bear 
market structure. Following months of heavy selling pressure and macro 
uncertainty, Bitcoin has shown renewed strength, reclaiming key support levels 
and climbing back above $97K. This move has reignited bullish hopes, 
especially as price action forms higher lows and approaches the top of a 
multi-week range. Cheds has weighed in with a more optimistic take, 
highlighting Bitcoin’s “beautiful 4H strength” as the price continues to press 
against range highs. Cheds noted that BTC is showing more resilience than he 
initially expected, a sign that bulls still have control, at least for now. 
However, the $100K level remains a major resistance zone. A confirmed breakout 
above it could validate a full-scale continuation of the bull market. Until 
then, the market remains at a standstill, caught between anticipation and 
doubt. Traders are watching closely for either a breakout above $100K to 
trigger new upside momentum, or a breakdown below $92K–$90K to confirm a 
deeper correction. Related Reading: Cardano Struggles At Resistance – Expert 
Sees A Retest of Lower Support Levels In short, Bitcoin’s structure is 
promising, but indecision dominates. Whether this is a setup for new highs or 
the calm before renewed downside remains to be seen, the next move could 
define sentiment for the months ahead. Technical Details: BTC Testing Critical 
Supply Bitcoin is trading at $96,959 after bouncing strongly from support near 
$94,000 and reclaiming short-term momentum. The 4-hour chart shows a clear 
attempt by bulls to retest the $98,000 level, a key resistance zone just below 
the psychological $100K barrier. Price is trending well above both the 
200-period simple moving average (SMA) at $88,387 and the 200-period 
exponential moving average (EMA) at $90,723, reinforcing the bullish structure 
that has been developing since mid-April. The recent move confirms higher lows 
and a sustained bullish trend, as BTC continues to build upward pressure 
against range highs. Volume has picked up slightly during the latest breakout 
attempt, suggesting fresh demand entering the market. However, the $98K–$100K 
area has historically triggered selling interest, so a decisive break and 
close above $100K will be essential to confirm a true breakout. Related 
Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy 
Signal If bulls manage to reclaim $100K, Bitcoin could quickly extend toward 
its previous all-time high near $109K. On the downside, holding above the 
$94K–$95K zone will be critical to preserving bullish momentum. For now, 
Bitcoin appears to be setting the stage for a breakout, but traders should 
watch closely as price compresses just under resistance. The next move will 
likely set the tone for the broader market. Featured image from Dall-E, chart 
from TradingView

Bitcoin Shows Impressive 4H Strength – A Shift Toward Upside Break

Arizona&#8217;s new Bitcoin reserve law could position the state as a leader in 
digital asset management, influencing future state-level policies.
The post Arizona passes first bill to establish Bitcoin reserve after vetoing 
separate crypto legislation appeared first on Crypto Briefing.

Arizona passes first bill to establish Bitcoin reserve after vetoing separate crypto legislation

Robert Kiyosaki ignites bullish momentum for bitcoin, declaring it the 
ultimate shield against looming market collapse, runaway inflation, and 
relentless fiat debasement by central banks. Kiyosaki Doubles Down on Bitcoin 
as Fed Prints Fake Money and Inflation Accelerates Robert Kiyosaki, author of 
the best-selling personal finance classic Rich Dad Poor Dad, has weighed in 
once […]

Robert Kiyosaki Backs Bitcoin Over Gold Amid ‘Biggest’ Crash Warning

Binance founder and convicted felon Changpeng Zhao says that he applied for a 
pardon from US President Donald Trump shortly after denying reports that he 
was seeking one.
Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 
that he &#8220;wouldn&#8217;t mind&#8221; a pardon and that his lawyers have already filed the 
paperwork on his behalf
&#8220;I got lawyers applying,&#8221; Zhao said, adding that he submitted the request 
after Bloomberg and The Wall Street Journal reported in March that he was 
seeking a pardon from Trump amid discussions of a business deal between the 
Trump family and Binance.US.
Zhao denied the reports at the time, but said on the podcast that he thought 
&#8220;if they&#8217;re writing this article, I may as well just officially apply.&#8221;
He added that Trump&#8217;s pardon of three BitMEX founders, including Arthur Hayes, 
also motivated him to submit an application.
Zhao said the application was submitted about two weeks ago.
_Changpeng Zhao (right) speaking with Farokh Sarmad (left). Source:__Farokh 
Radio_ 
Zhao said at the time of the Bloomberg and Wall Street Journal reports that 
&#8220;no felon would mind a pardon,&#8221; and claimed he is the only person in US 
history to serve prison time for a Bank Secrecy Act charge.
Zhao pleaded guilty to a money laundering charge in November 2023 as part of a 
deal Binance reached with US authorities, which saw it pay a $4.3 billion 
fine, to which Zhao contributed $50 million. He was also forced to step down 
as CEO.
Zhao was later sentenced to four months in prison and was prohibited from 
working at Binance as part of his plea deal.
_**Related:**__**VanEck files for BNB ETF, first in US**_
According to the US Department of Justice, a pardon would not erase Zhao&#8217;s 
money laundering conviction; however, it could potentially allow him to assume 
a management or operational role at Binance.US.
## Zhao has no plans to return as Binance CEO
While Zhao remains a Binance shareholder, he said in November at Binance 
Blockchain Week that he has &#8220;no plans to return to the CEO position.&#8221;
&#8220;I feel the team is doing well and doesn&#8217;t need me back,&#8221; Zhao said.
Since leaving prison, Zhao has commenced advisory roles in Pakistan and 
Kyrgyzstan, assisting on matters related to crypto regulation and implementing 
blockchain solutions.
_**Magazine:**__**Bitcoiner Adam Back on Blockstream conspiracy theories and 
Satoshi question**_

Binance founder CZ asked Trump to pardon money laundering conviction

As the XRP price takes center stage, bold predictions about its future outlook 
persist across online forums and social media. Among the most ambitious claims 
is the idea that the XRP price could skyrocket to $1,000 or even beyond. In 
response to these projections, a crypto analyst has outlined several key 
factors that would need to align for XRP to reach such a target. Factors 
Needed To Take The XRP Price To $1,000 While it’s tempting to imagine XRP 
hitting a four-digit price target, X (formerly Twitter) crypto analyst Jasmin 
argues that the numbers don&#8217;t support such a prediction. For the XRP price to 
reach $1,000, it would need to climb as high as 46,848%, accompanied by key 
factors like a significant rise in global adoption, especially by financial 
institutions. Related Reading: XRP Price To $1,000: Analyst Reveals Target For 
When Banks Start Using XRP Although Ripple, a blockchain company, has made 
progress in partnering with global banks and fintech firms for cross-border 
payments, that level of adoption is still nowhere near enough to support a 
$1,000 XRP price tag. To even approach this level, XRP would need to become a 
fundamental part of the global financial structure across different sectors, 
particularly in banking, remittance, and investment. But beyond simple 
adoption, XRP would have to be deeply integrated into major economies in such 
a way that it becomes an indispensable currency for daily transactions. For 
this to happen, Jasmin reveals that the cryptocurrency would need widespread 
regulatory clarity to ensure that it can be used in multiple jurisdictions 
without any legal barriers. The ongoing legal battle between Ripple and the US 
SEC has already created years&#8217; worth of uncertainty around XRP’s legal status. 
Until this issue is resolved favorably, the cryptocurrency’s potential for 
mainstream adoption remains limited. Jasmin has also highlighted that XRP 
would have to incorporate mechanisms that would drastically reduce its 
circulating supply. While the cryptocurrency’s price could grow with more 
aggressive token burns, a jump to $1,000 still seems unlikely. Such a high 
valuation would also need massive speculative trading activities, which are 
usually seen during bull markets. How Market Cap Influences A $1,000 
Projection Based on Jasmin’s analysis, the most significant factor that makes 
a $1,000 XRP price projection unrealistic is its market capitalization. 
Currently, XRP has a market cap of about $125.15 billion, and for its price to 
hit a four-digit level, its total market valuation would need to reach $50 
trillion. Related Reading: XRP Price Cross That Led To 20x Rally In 2017 
Returns To put this in perspective, the global crypto market capitalization 
today is $3.09 trillion, according to CoinGecko data. This would mean that XRP 
alone would need a market cap over 15x higher than the entire crypto market. 
Furthermore, Bitcoin, the largest cryptocurrency, has never even come close to 
reaching a $10 trillion market cap. BTC’s market valuation currently sits at 
$1.92 trillion, meaning XRP would have to surpass it by over 25x to get a $50 
trillion market cap. Due to these extreme market cap requirements, Jasmin 
argues that a $1,000 or even $10,000 target is highly unrealistic. However, 
she acknowledges that a price surge to $5 or even $10 is a far more attainable 
goal. Featured image from Getty Images, chart from Tradingview.com

Cryptocurrency price in VEF