Justin Sun has made a bold promise to invest $100 in Trump&#8217;s memecoin.

Justin Sun claims he will buy $100M in Official Trump memecoin

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated 
price crash that could take it below $107,000 before igniting the next bullish 
rally. The cryptocurrency market structure currently reflects a short-term 
bearish correction within a broader bullish trend, supporting the likelihood 
of a potential surge to new all-time highs soon. Bitcoin Prepares For Final 
Dip Below $107,000 Crypto market expert, Tehi Thomas, in a recent TradingView 
post, suggested that Bitcoin’s current structure may be entering its final 
corrective phase. The analyst points to a potential price crash below the 
$107,000 level as part of a strategic play by smart money. Related Reading: 
Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target The 
analyst shared a chart showing Bitcoin forming consecutive lower highs while 
its price presses downwards. Across these highs, the market is also respecting 
a descending trendline, a pattern which often indicates short-term bearish 
pressure. Notably, this trendline appears to be serving as a potential trap 
designed to engineer a liquidity grab and discount entry. Thomas notes that 
once the key zone and sell-side liquidity area around $107,800 is taken, 
Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), 
extending down to the $106,500-$106,200 region. This FVG overlaps with 
critical Fibonacci levels, particularly the 0.786 retracement near $106,200, 
strengthening the confluence for a potential reversal point. Thomas has 
highlighted this $106,200 level as a high-probability buy zone, where 
institutions may re-enter the market. Notably, the analyst’s anticipated price 
correction for Bitcoin is not seen as a breakdown of structure or market 
failure, but rather a calculated liquidity grab to fill inefficiencies left 
from the previous lag. As long as the price respects the $106,000 range and 
displays bullish order flow afterward, its projected correction is expected to 
complete the accumulation phase. All-Time Highs In Sight After Key Reversal 
Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is 
expected to form a reversal structure that could kick off the next major 
rally. Despite the projected crash below $107,000, Thomas asserts that 
Bitcoin’s overall macro trend remains bullish. Moreover, this short-term 
pullback is considered a setup for a much larger move toward a new all-time 
high. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst 
Reveals Tight Timeline Thomas’s chart marks the $110,500 zone as the final 
magnet and ATH target, with a significant layer of untapped liquidity above 
it. The analyst’s thesis is that once the sell-side pressure is exhausted and 
displacement confirms the shift in direction, Bitcoin could once again regain 
bullish momentum. Furthermore, the TradingView expert has pointed out that the 
FVG near $106,200 acts as both a liquidity magnet and a springboard, set to 
launch the flagship cryptocurrency into price discovery mode once again. 
Currently, Bitcoin is trading at $108,744, meaning a potential surge to the 
projected ATH level at $110,500 will represent a 1.61% increase. Featured 
image from Pixabay, chart from Tradingview.com

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

BONK is facing profit-booking near $0.000026, but the pullback is likely to 
find buyers near $0.000020.

BONK news update: Will LetsBonk’s surging popularity push the altcoin above $0.000026?

Circle and OKX have partnered to streamline USDC conversions and improve 
liquidity, giving over 60 million users seamless access to USD-to-USDC swaps 
and simplifying on- and off-ramping. USDC Goes Global: Circle and OKX Simplify 
Fiat Conversions for 60 Million Users Circle Internet Group (NYSE: CRCL) and 
crypto exchange, OKX, have announced a strategic partnership to […]

Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

The motion to pause repayments to residents of certain countries has added a 
new wrinkle to the FTX saga.

Chinese creditor challenges FTX motion to halt payouts in restricted countries

In a monthly chart shared on July 8, crypto analyst Kevin (@Kev_Capital_TA) 
outlined a long-term bullish thesis for Dogecoin (DOGE), identifying a clear 
historical pattern that may signal the next major leg in its price trajectory. 
The focal point of the chart is the 1.618 Fibonacci extension—used as a key 
projection level—which Kevin implies is Dogecoin’s next major upside target. 
Based on the chart, this level corresponds to $3.94. History Says Dogecoin 
Will Hit $3.94 Dogecoin’s price action has followed a remarkably consistent 
macro-pattern across three major market phases. In each, DOGE formed a clear 
descending wedge, followed by an impulsive breakout and parabolic rally. These 
structures are annotated in yellow on the chart and preceded both the 2017 and 
2021 bull runs. The most recent wedge breakout completed in November last 
year, with a retest of the breakout currently taking place. Kevin marks two 
historical Fibonacci extension levels that were reached following previous 
consolidations. Both peaked near the 1.618 Fibonacci extension of their 
respective bases—a common target for extended bullish moves in technical 
analysis. For the current structure, this places DOGE’s long-term Fibonacci 
target near $3.94, which would represent a roughly 2,218% move from the 
current price around $0.17. Related Reading: Chartist Slams Misleading 
Dogecoin Analysis: ‘Focus On This Instead’ Indicators further support the 
notion of a long-term base having formed. The RSI (Relative Strength Index) on 
the monthly chart has just reclaimed the neutral 50 zone, currently sitting at 
50.39, a signal often interpreted as the transition from bearish to bullish 
control. In prior cycle, the monthly RSI always topped above 90. Notably, the 
monthly RSI is also in an uptrend since mid-2022, respecting the yellow 
trendline drawn by the analyst. A significant confluence comes from the 
Stochastic RSI, which has just completed a bottoming crossover in the oversold 
region. The last time this occurred, in early 2020, Dogecoin followed with a 
parabolic surge. This same dynamic now appears to be setting up again, echoing 
the previous cycle. Also noteworthy is the chart’s structural emphasis on 
0.382 Fibonacci retracement support, currently plotted at $0.13778, from which 
Dogecoin appears to be bouncing. This aligns with the green supertrend 
support, suggesting a critical local floor has been found. Related Reading: 
The $1 Dogecoin Dream Is Alive: Chartist Lays Out Parabolic Scenario While the 
purple zones on the chart above $0.50 are not formal price targets, Kevin 
clarified in a response to a community member that they are key resistance 
zones—intermediary checkpoints before DOGE can make a full move toward its 
final Fibonacci extension. These zones span from approximately $1.00 to $1.20 
as well as from $2.30 to $2.50, and eventually up toward the $3.94 range. 
Kevin emphasized that “as well as Dogecoin has done this cycle especially 
compared to other altcoins, it still has not even come close to what it is 
capable of. That will change in the right environment.” He further noted that 
Dogecoin has already seen a 10x move from its bear market low to the local 
highs, but believes “there’s still work to do” when the cycle of quantitative 
tightening by the US Federal Reserve ends. The chart and commentary triggered 
a strong community reaction. Users like @MonetaryRegimee declared “We always 
hit the 1.618,” to which Kevin replied, “Typically yes,” reinforcing his 
confidence in the fractal repetition. Others described the current price 
action as “the calm before the storm.” Whether Dogecoin ultimately fulfills 
its fractal-driven destiny toward $3.94 remains to be seen. But the historical 
technical symmetry laid out by Kevin’s chart offers a compelling case that 
DOGE’s long-term rally may be far from over. At press time, DOGE traded at 
$0.174. Featured image created with DALL.E, chart from TradingView.com