Bitcoin is primed for an explosive rally into 2025 as institutional demand, monetary easing signals, and fiscal instability converge to push prices toward $180,000. $180K Bitcoin in Sight? Vaneck Insider Signals a Perfect Storm Into 2025 Rising institutional interest, fiscal instability in Washington, and dovish monetary expectations are combining to lay the groundwork for a […]

Bitcoin Primed for $180K Surge With Fed Shift, Debt Spiral, and Corporate Buying

Tasmanian police said they found victims were being directed to crypto ATMs by 
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Hayden Davis wants a New York lawsuit against him dismissed, arguing the LIBRA 
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Solana has shown a potential breakout from a Symmetrical Triangle. Here&#8217;s 
where the next price target could lie, according to an analyst. Solana Has 
Surged Above Symmetrical Triangle Resistance In a new post on X, analyst Ali 
Martinez has talked about how Solana has just broken a resistance line. The 
level in question is part of a Symmetrical Triangle, a pattern from technical 
analysis (TA). This pattern belongs to the class of triangles, formations that 
involve the asset trading within two converging trendlines. The upper line 
acts as a source of resistance, while the lower one as that of support. A 
break out of either of these levels implies a continuation of trend in that 
direction. A surge above the triangle is a bullish sign and a drop under it a 
bearish one. Since the price&#8217;s range becomes narrower as it travels within a 
triangle, a breakout can become more likely as it approaches the apex. Related 
Reading: Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move Generally, 
triangle breakouts are considered to be of the same length as the height of 
the formation (that is, the distance between the upper and lower trendlines at 
their widest). There are three popular triangle types: Ascending, Descending, 
and Symmetrical. The first and second variants have one trendline parallel to 
the time-axis. In the case of the Ascending type, it&#8217;s the upper level. This 
means that as Solana moves inside an Ascending Triangle, its range gets 
narrower toward a net upside. Similarly, the Descending Triangle involves the 
opposite setup, with the support line being parallel to the time-axis instead. 
The third type, the Symmetrical Triangle, is the middle ground between the 
two: it has the two trendlines approaching each other at a roughly equal and 
opposite slope. In other words, the Symmetrical Triangle represents a period 
of consolidation where the range gets narrower in true sideways fashion. Due 
to this fact, a breakout is more-or-less equally probable to occur in either 
direction. In contrast, there is a bias associated in Ascending and Descending 
Triangles. Now, here is the chart shared by Martinez that shows the 
Symmetrical Triangle Solana was trading inside just earlier: As is visible in 
the above graph, the Solana price was nearing in on the end of the triangle 
and as probability would dictate, a breakout was becoming likely. The asset 
indeed ended up finding a break and it seems to have been in the up direction. 
Related Reading: Bitcoin Moving With Stocks, But Ethereum’s Correlation Is 
Fading So what could be next for SOL? According to the analyst, the asset 
might target $164. This level corresponds to the 1.272 Fibonacci Extension 
line. Fibonacci Extension levels are defined based on ratios found in the 
popular Fibonacci series. The 1.272 level, in particular, corresponds to the 
square root of 1.618, which is the famous &#8216;Golden Ratio.&#8217; SOL Price At the 
time of writing, Solana is floating around $158, up 3% in the last 24 hours. 
Featured image from Dall-E, charts from TradingView.com

Solana Breaks Out Of Symmetrical Triangle—Next Stop $164?

Bitcoin’s recent surge resulted in significant liquidations, with more than 
$1.09 billion in short contracts wiped out within a 24-hour period. Bitcoin 
Rally Triggers Liquidations Bitcoin’s rally to a new all-time high of over 
$118,000 triggered a massive wave of liquidations, wiping out more than $1.11 
billion in short contracts in a single 24-hour period […]

Bitcoin Rally to $118K Wipes out Over $1 Billion in Short Bets

The Midas Project has filed a complaint with the IRS against OpenAI, alleging 
that CEO Sam Altman’s dual roles create conflicts violating nonprofit tax 
rules.