Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to 
bottom. He alluded to historical performance, which shows that BTC has never 
bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before 
Touching This Level In an X post, Chain Mind indicated that the Bitcoin price 
is unlikely to bottom out without first touching the EMA300. He noted that BTC 
has never bottomed without touching this level, as it did in 2020 and 2022, 
when it tagged the weekly EMA300 right before the cycle low. Specifically, 
Bitcoin’s bottom came 10% below the EMA in 2020 and 15% in 2022. Related 
Reading: Bitcoin Is Repeating This Midterm Pattern That Sends Price Tumbling 
15% On Average The analyst noted that in this cycle, the Bitcoin price bounced 
from $60,000 without ever reaching the EMA, suggesting the real bottom isn’t 
in. He added that if the pattern repeats, BTC must drop to around $58,000, 
marking the last bottom in this bear cycle. In another X post, the analyst 
indicated that BTC was mirroring the price action during the 2022 bear market. 
This came as he revealed that the Bitcoin price had just rejected the 200MA, a 
move that also occurred in 2022. He explained that this confirms the bearish 
macro structure after BTC tagged the 200D MA again at $82,000. As such, if the 
2022 pattern repeats, the leading crypto must drop 40% to 60% from the 
rejection point. He added that this means that the real cycle bottom must be 
around the $50,000 to $55,000 range. Bitcoin is once again in a downtrend 
after failing to hold above the psychological $80,000 level. This comes amid 
bearish catalysts such as the US-Iran war, rising inflation, and bets of a Fed 
rate hike this year. BTC’s latest decline came after the SEC delayed its 
approval of tokenized stocks. The Plan Remains The Same For BTC Crypto analyst 
Kaleo declared that the plan remains the same for the Bitcoin price despite 
traders on Kalshi betting against a rally to $100,000 this year. He urged 
market participants to zoom out and be more bullish. As for what could happen, 
he predicts a retest in the lower $70,000 range, then a rebound to between 
$80,000 and $90,000, and a range there for the summer. Related Reading: If 
You’re Looking To Bitcoin Above $90,000, This Analyst Says To Watch This 
Bearish OB Level Once that happens, the analyst predicts that the Bitcoin 
price will then rally above $100,000 and reach a new all-time high (ATH) in 
the fall and winter. Notably, the CLARITY Act could pass between now and then, 
which could spark a massive rally for the leading crypto. At the time of 
writing, the Bitcoin price is trading at around $75,400, down over 2% in the 
last 24 hours, according to data from CoinMarketCap. Featured image from Getty 
Images, chart from Tradingview.com

Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom &#8230;

Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level

Rising military tensions in southern Lebanon could hinder diplomatic efforts 
and increase the likelihood of broader regional conflicts.
The post Israeli army warns of bombings in southern Lebanon amid rising 
tensions appeared first on Crypto Briefing.

Rising military tensions in southern Lebanon could hinder diplomatic efforts and increase the likelihood of broader regional conflicts. The post Israeli army warns of bombings in southern Lebanon amid rising tensions appeared first on Crypto Briefing.

Israeli army warns of bombings in southern Lebanon amid rising tensions

Bitcoin is experiencing a steady decline, as prices dipped below $60,000 in 
the past week. The leading cryptocurrency has struggled to sustain upside 
momentum after multiple rejections at the $82,000 price level over the last 
month. Meanwhile, analysts remain divided between the potential of a 
resurgence and the possibility of another extended correction. Market expert 
Leshka.eth, with X username Leshka.eth, has aligned with the pessimists, 
sharing a recent analysis projecting a 41% decline in Bitcoin’s price. Related 
Reading: Glassnode Says Bitcoin Options Traders Are Still Positioned For 
Trouble 26 EMA Rejection Confirms Brewing Selling Pressure In an X post on May 
22, Leshka.eth shares a bearish price projection for Bitcoin, anchored in the 
formation of a Head &amp; Shoulders pattern, a negative chart formation that 
signals a potential reversal of an existing trend, typically from bullish to 
bearish. It is characterized by three peaks, with the middle peak, i.e., the 
head, higher than the two surrounding peaks, called the shoulders, while a 
neckline drawn across the lows between these peaks acts as a key support 
level. According to Leshka.eth, the forming H&amp;S pattern on the BTC weekly 
chart indicates an incoming reversal of the price gains accumulated all 
through 2024 and 2025. The analyst notes that the chart pattern has recorded 
two key developments, beginning with a retest of the $68,000 neckline, market 
intentions to reevaluate this region as a key area for further downside 
pressure. Furthermore, the Bitcoin price recorded a rebound that was firmly 
rejected at the 26-period exponential moving average (EMA), indicating that 
upward momentum is weakening at this dynamic level and adding further weight 
to the bearish outlook implied by the pattern. Meanwhile, the right shoulder 
failed to reach the same height as the left shoulder, suggesting a gradual 
buildup of selling pressure. All these events point to an impending validation 
of the H&amp;S formation, which is expected to trigger a major downswing. In this 
case, Lesksha.eth predicts Bitcoin would crash to around $44,000 in a measured 
move, aligning with the next significant support below the neckline. While not 
explicitly stated by the analyst, such a price move could mark the anticipated 
cycle bottom, needing to kickstart the next market bull run. Related Reading: 
Kevin Warsh’s Fed Era Could Change Bitcoin Forever – Here’s The First Signal 
To Watch Bitcoin Price Overview At the time of writing, Bitcoin trades at 
$75,484, reflecting a 2.66% decline in the past day. Meanwhile, the daily 
trading volume is up 2.65% to $27.65 billion. Featured image from HeroScreen, 
chart from Tradingview

Bitcoin is experiencing a steady decline, as prices dipped below $60,000 in the past week. The leading cryptocurrency has struggled to sustain upside momentum after multiple rejections at the $82,000 price level over the last month. Meanwhile, analysts remain divided between the potential of a resurgence and the possibility of another extended correction. Market expert &#8230;

Bitcoin Forms Risky Head-And-Shoulders Pattern, Points To $44K Target

Plasma&#8217;s rapid rise highlights the potential for specialized blockchain 
networks to disrupt traditional financial systems, despite inherent risks.
The post Plasma becomes second largest destination for USDT0 with $27B in 
inflows appeared first on Crypto Briefing.

Plasma&#8217;s rapid rise highlights the potential for specialized blockchain networks to disrupt traditional financial systems, despite inherent risks. The post Plasma becomes second largest destination for USDT0 with $27B in inflows appeared first on Crypto Briefing.

Plasma becomes second largest destination for USDT0 with $27B in inflows

Sui&#8217;s integration of default privacy in transactions could set a new standard 
for blockchain networks, potentially reshaping user expectations.
The post SUI mainnet to introduce private transactions, token surges over 20% 
appeared first on Crypto Briefing.

Sui&#8217;s integration of default privacy in transactions could set a new standard for blockchain networks, potentially reshaping user expectations. The post SUI mainnet to introduce private transactions, token surges over 20% appeared first on Crypto Briefing.

SUI mainnet to introduce private transactions, token surges over 20%

The ECB warned EU finance ministers that expanding euro stablecoin issuance 
could weaken bank lending and complicate monetary policy.

The ECB warned EU finance ministers that expanding euro stablecoin issuance could weaken bank lending and complicate monetary policy.

Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level

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