QNT is showing early signs of a bullish reversal, with a potential inverse head and shoulders pattern forming on the chart. According to data from crypto.news, Quant (QNT) jumped over 10% in the past 24 hours, reaching an intraday high…

Quant eyes $146 as inverse H&S breakout fuels bullish reversal hopes

The US Labor Department has officially rescinded guidance issued during the 
Biden administration that limited the inclusion of cryptocurrency in 401(k) 
retirement plans.
On May 28, the Labor Department revoked a 2022 guidance that had urged 
fiduciaries to be &#8220;extremely cautious&#8221; when considering cryptocurrency for 
401(k) retirement plans. The move could give asset managers more flexibility 
to include digital assets in retirement investment options.
The government agency removed the guidance asserting that it represented a 
departure from the department&#8217;s &#8220;historically neutral, principled-based 
approach to fiduciary investment decisions.&#8221;
&#8220;We&#8217;re rolling back this overreach and making it clear that investment 
decisions should be made by fiduciaries, not D.C. bureaucrats,&#8221; said US 
Secretary of Labor Lori Chavez-DeRemer.
The Labor Department under Biden criticized the practice of marketing 
cryptocurrencies to 401(k) participants. At the time, the agency claimed 
cryptocurrencies posed &#8220;significant risks and challenges&#8221; to participants&#8217; 
retirement accounts due to their &#8220;speculative and volatile&#8221; nature and 
&#8220;valuation concerns,&#8221; among other reasons.
The American Banking Association (ABA) criticized the 2022 compliance release, 
claiming that it did not make the guidance available for public comment and 
review prior to issuance.
_**Related:**__**Fidelity introduces retirement accounts with minimal-fee 
crypto investing**_
## Trump administration shifts crypto landscape
President Trump has pledged to make the United States &#8220;the world capital of 
crypto&#8221; during his 2024 campaign. 
Under his administration, the Securities and Exchange Commission has scaled 
back several enforcement actions and investigations involving Web3 companies 
such as Uniswap, Coinbase, and Kraken, while also engaging in policy 
discussions on topics like real-world asset tokenization and the regulatory 
status of certain tokens. 
At the same time, some lawmakers have expressed concerns about Trump&#8217;s 
involvement in the crypto space, including calls for greater scrutiny of his 
associated ventures.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

Labor Department rescinds Biden-era guidance for crypto in 401(k) plans

While Strategy founder Michael Saylor dismissed the idea of exposing the 
firm’s bitcoin wallet addresses as a “bad idea,” Arkham Intelligence appears 
to have done some digital sleuthing of its own. The firm now claims it has 
uncovered 87.5% of Strategy’s BTC trove onchain, after linking an additional 
70,816 BTC to the company. Arkham Lights […]

‘Bad Idea’ Be Damned: Arkham Maps Strategy’s Billion-Dollar Bitcoin Hoard

**Key takeaways:**
 * Bitcoin researcher Sminston With says BTC could gain 100% to 200%, with a cycle peak between $220,000 to $330,000.
 * Bitcoin continues to exhibit strong cyclical volatility, contradicting the belief that its price swings are softening over time.
 * Over $4 billion in BTC has been moved by long-term holders, warning of a price correction.
Analysis from Bitcoin (BTC) researcher Sminston With implied that a BTC price 
peak is still 100% to 200% away from current prices. In a recent X post, With 
shared a Bitcoin price chart using a 365-day simple moving average (SMA) 
aligned with a power law model (R²=0.96).
The model suggests Bitcoin&#8217;s price follows a predictable, non-random pattern 
over time, distinct from the exponential growth models often applied to stocks 
and equities.
_Bitcoin power law fit analysis by Sminston With. Source: X_
The chart revealed that Bitcoin&#8217;s 365-day SMA typically peaks 2 to 3 times 
above the power law trendline in each market cycle. With Bitcoin priced at 
$110,000 on May 27, this model projects a potential cycle top between $220,000 
and $330,000. This forecast aligns with historical patterns, where Bitcoin has 
consistently overshot this trendline during bullish phases, offering an 
optimistic outlook for investors.
A second graph in the post highlights Bitcoin&#8217;s price deviation from the power 
law fit, showing steady cyclical volatility without exponential decay in 
sustained peaks.
This challenges the common belief that Bitcoin&#8217;s price cycles are becoming 
less extreme over time, indicating that the cryptocurrency&#8217;s volatility 
remains a defining trait, potentially leading to significant price swings over 
the next few months.
In Q3 2024, With accurately predicted that Bitcoin would reach a six-figure 
price by January 2025, when BTC was trading around $60,000. The analysis 
examined each decaying peak by assessing BTC&#8217;s price at cycle highs.
A decaying period in an investment cycle occurs when a strategy&#8217;s returns 
decline as the opportunity becomes widely adopted, culminating in a peak where 
the asset&#8217;s value drops sharply, leading to mass profit-taking.
With&#8217;s quarter-on-quarter price targets for 2025, as outlined in this 
analysis, are summarized below.
_Bitcoin returns in 2025 based on decaying peaks. Source: Sminston With/X_
The researcher did warn that his study is based on just four market cycles and 
should be approached with considerable skepticism.
_**Related: Bitcoin price will reach $130K or even $1.5M, top bulls say**_
## Bitcoin dips below $108K as old coiners move $4.2 billion in BTC
Bitcoin long-term holders (LTHs) have transferred $4.02 billion in BTC, the 
largest spending volume from the 1-to-5-year cohorts since February 2025, 
according to Glassnode. This surge, driven by the 3-to-5-year cohort ($2.16 
billion), ranks fifth-largest in this cycle, following previous spending peaks 
like $9.25 billion in October 2024.
The 2-to-3-year and 1-to-2-year cohorts contributed $1.41 billion and $450 
million, respectively, to the total spent volume by age.
_BTC: Spent Volume by Age. Source: Glassnode_
As illustrated in the chart, LTH spending often aligns with price peaks, 
suggesting profit-taking, with BTC currently struggling to retain its position 
above $110,000.
However, sharp price movements could follow if this movement coincides with an 
increase in BTC exchange reserves. Currently, the total BTC held on exchanges 
continues to decline.
From a technical perspective, Bitcoin has been setting higher highs and lows 
since its price bottomed at $74,500, and each time after new highs, BTC has 
formed a sideways range before the next breakout.
_Bitcoin 4-hour chart analysis. Source: Cointelegraph/TradingView_
The ongoing correction mirrors this pattern, with recent local lows at 
$107,300, previously marked as local highs 10 days prior. However, a deeper 
correction could be imminent for Bitcoin.
Based on historical data, anonymous crypto trader TXMC noted that Bitcoin 
could be nearing the end of a green weekly streak. The analyst said,
&gt; &#8220;BTC Seven to eight consecutive green weeks are the longest streaks Bitcoin 
&gt; has managed since 2013, before it has pulled back or consolidated. Last week 
&gt; was #7.&#8221;
_Bitcoin &#8216;s weekly green candle streak analysis. Source: TXMC/X_
 _**Related: Bitcoin sags below $108K as rate-cut bets evaporate before Fed 
minutes**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin analyst says BTC price peak in $220K to $330K range still possible

Dogecoin may be gearing up for its next big move, and technical traders are 
starting to take notice. After a period of consolidation and choppy price 
action, a potentially powerful pattern is beginning to emerge on the charts, 
one that has historically preceded strong reversals in trend. The formation in 
question is the inverse head and shoulders pattern, a classic bullish setup 
that often signals the end of a downtrend and the start of a new upward phase. 
This development comes at a time when market sentiment around meme coins is 
beginning to stir once again, adding fuel to speculation that DOGE could be on 
the verge of something bigger. Bullish Formation Emerges: Is a Dogecoin 
Reversal in Play? Klejdi Cuni, in a recent post on X, highlighted a bullish 
setup forming on Dogecoin’s chart. According to his analysis, DOGE appears to 
be shaping an inverse head and shoulders pattern, a well-known technical 
formation often seen as an early indication of a trend reversal. Related 
Reading: Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead 
According to the analyst, the inverse head and shoulders pattern forming on 
Dogecoin’s chart is a short-term setup, primarily due to its smaller scale and 
limited time frame. While it may not signal a long-term trend reversal just 
yet, it still holds significance. The key level to watch is the neckline. A 
decisive break above this resistance line would confirm the pattern and 
significantly boost the chances of a bullish continuation. This breakout could 
ignite renewed buying interest, as momentum shifts in favor of the bulls. The 
analyst emphasized that such a move would be a clear indication of strength, 
especially after a period of consolidation or downward pressure. As reflected 
in the chart, this setup could mark the beginning of a fresh upward phase for 
DOGE, if the price action follows through as anticipated. A Rebound To $0.25 
Highlighting potential price levels in the event of an upside breakout, 
analyst Klejdi Cuni identified two key upside targets for Dogecoin: $0.2390 
and $0.2500. These levels, according to Cuni, may act as significant 
milestones if the price breaks above the neckline. Related Reading: Dogecoin 
Weekly Chart Shows Bitcoin-Like Movements That Could Trigger Massive Rally The 
$0.2390 target represents an immediate hurdle where some profit-taking or 
consolidation could occur. Surpassing that, the $0.2500 level stands as a more 
ambitious objective, one that would mark a substantial recovery for DOGE and 
rekindle broader bullish sentiment in the market. While these targets are 
conditional on a confirmed breakout, they reflect areas of interest based on 
previous price action and technical resistance zones. It is essential to 
closely monitor volume and momentum indicators as the price approaches the 
neckline, as these will likely play a critical role in validating the breakout 
and the path toward these targets. Featured image from Getty Images, chart 
from Tradingview.com

Dogecoin Shows Signs Of A Trend Reversal With This Key Chart Pattern

Bilal Bin Saqib, head of Pakistan&#8217;s crypto council, announced on May 28 that 
the country is moving to establish a strategic Bitcoin reserve.
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the 
government of Pakistan followed the United States&#8217; lead in establishing a 
Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The 
government official told the audience:
&gt; &#8220;Today is a very historic day. Today, I announce the Pakistani government is 
&gt; setting up its own government-led Bitcoin Strategic Reserve, and we want to 
&gt; thank the United States of America again because we were inspired by them.&#8221;
The announcement represents a significant departure from the government of 
Pakistan&#8217;s previous stance on cryptocurrencies, holding that crypto would 
never be legal in the country.
Pakistan&#8217;s shift reflects the broader trend of nation-states adopting pro- 
crypto policies following the regulatory shift in Washington, DC under the 
President Donald Trump administration.
_Bilal Bin Saqib at the Bitcoin 2025 conference announcing a Bitcoin strategic 
reserve. Source: Cointelegraph_
 _**Related:**__**Pakistan appoints special assistant to PM on blockchain and 
crypto**_