The 2025 bull cycle is shaping up as one of the most explosive in recent memory, with institutional inflows, retail excitement, and new ETF buzz driving unprecedented market momentum. Among the 10 best cryptos to buy now, Ethereum, XRP, and Avalanche are standing out — but a hidden gem presale is capturing even more attention. MAGACOIN FINANCE has entered the conversation, with analysts forecasting staggering returns that rival the early days of major altcoin breakouts. Ethereum: The Market’s Anchor Ethereum remains the top altcoin in crypto markets. Even though its price is down to $4,150 with recent volatility, Ethereum remains the backbone of the entire DeFi, NFTs, and Web3 adoption. With ETH ETFs gaining over $1 billion in inflows and strong institutional confidence, analysts expect ETH to rally toward $5,000 in the months ahead. Long-term investors see Ethereum as essential for any portfolio because of its developing dominance and network effect. XRP: Legal Clarity and Institutional Traction XRP has achieved regulatory clarity after years of uncertainty as confirmed not to be a security in secondary sales. Mature whales residing on exchanges have increased their accumulated funds to around $2.90, adding strong support for XRP. Even though there is perpetual volatility, analysts are expecting a surge in price towards $3.39 in September as ETF speculation builds and retail interest strengthens. Avalanche: DeFi and Real-World Assets Growth Avalanche (AVAX) is gaining a lot of popularity among retail and institutional investors. There are presently $300 million in tokenized hedge funds and $188 million in tokenized real-world assets on the blockchain. Currently trading close to the $23 mark, AVAX is showing strong support. If it manages to hold its momentum, we could see higher levels in the $32–$37 range. Avalanche is a strong buy for investors positioning themselves for the next cycle amid rising developer activity and the network’s scalability. MAGACOIN FINANCE: The Hidden Gem Thousands of investors have already joined the wave into MAGACOIN FINANCE, with analysts forecasting a staggering 20,000% ROI in the next bull run. Ranked among the best altcoins to buy right now , momentum is accelerating quickly. Early buyers using PATRIOT50X unlock a 50% EXTRA presale bonus, but allocations are running out fast. What sets MAGACOIN FINANCE apart is its capped supply, transparent audits, and heavy whale-backed demand. Analysts believe that these fundamentals position it not only as a meme-driven play but also as one of the most strategic accumulation opportunities heading into 2025. TRON and Chainlink: Driving Real-World Connectivity TRON (TRX) has become a strong backbone for stablecoin transaction volume, surpassing $668 billion. TRX is trading at about $0.35 but long-term holders are taking profits. As DeFi activity grows, TRON may look to hit $0.38 in the near-term as yields near 10%. Chainlink (LINK), which has been on the rise since mid-April, recently surged to yearly highs near $25.60. Specifically, the price was up 8% in a span of just one day. A collaboration of wallet businesses and oracle technology has contributed to the rise of the Chainlink coin. If momentum continues, analysts see long-term upside by 2025 to $50-55. Hedera, SUI, and BNB: Scaling Adoption Hedera (HBAR) is maintaining long-term stability in the $0.23–$0.26 range thanks to new partnerships and app launches. SUI is trading today at $3.48 and could test its yearly high of $5.37 on-chain engagement. At the same time, Binance Coin (BNB) attains strength at the level of $829. The coin is still near yearly highs and has witnessed some solid buying. Litecoin and Polkadot: Recovery and Value Plays Litecoin (LTC) has shown a recovery and now trades beyond $112. Over the last year, Litecoine (LTC) has increased by almost 70%. Analysts consider it a strong mid-cap buy, with the target set at $138. Polkadot (DOT), currently valued at about $3.89, might indicate a potential rally in the months ahead as prices are hovering above lows with increasing volumes. Conclusion Ethereum, XRP, and Avalanche are likely to be the clear leaders in the next bull cycle. Meanwhile, tried and tested TRON, LINK, and BNB also have their share of strong fundamentals. However, analysts believe MAGACOIN FINANCE is the real breakout candidate, with predictions of a staggering 20,000% ROI prompting unmatched presale demand. MAGACOIN FINANCE is proving to be impossible to ignore for investors who want stability with high upside. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post 10 Best Cryptos to Buy in 2025 — Ethereum, XRP & Avalanche Plus Hidden Gem With 20,000% ROI appeared first on Times Tabloid .
LINK's NVT is at levels it had been at in early November 2024, when price rallied from $10.56 to $29.26.
The crypto market is heading into a decisive period, with October 2025 shaping up to be a turning point for altcoins. Institutional ETF approvals, whale accumulation, and major network upgrades are fueling momentum across top assets. For investors building strategic portfolios, Cardano, Solana, MAGACOIN FINANCE, and Avalanche (AVAX) are emerging as the best cryptos to buy before the shift. Cardano (ADA): Resilient Recovery and ETF Hype Cardano has rebounded to $0.88 after testing support at $0.84, with large whales adding 130 million ADA in just two days. When major shareholders have confidence, it is a sign of accumulation over the long term. The excitement around a potential Cardano ETF is growing, with analysts giving approval odds above 90%. Technical shows a possible golden cross, which historically triggered surges of over 200%.With ADA targeting $2–$8 in the next cycle, Cardano is firmly among the best cryptos to buy heading into October. Solana (SOL): Speed, Scalability, and ETF Buzz Solana is trading near $187.27, with strong upside momentum. The upcoming Alpenglow upgrade could slash block finality to under 150 milliseconds, making Solana one of the fastest blockchains in existence. SOL/USDT Chart: TradingView ETF deadlines for Solana land in October 2025, with analysts assigning a 95% approval probability. Solana’s DeFi TVL has already climbed to $8.6 billion, cementing its leadership. With price targets of $225–$420, Solana continues to be one of the best cryptos to buy before regulatory clarity sparks a breakout. MAGACOIN FINANCE: Presale With Explosive ROI Potential While blue-chip tokens gain attention, the smart money is quietly flowing into MAGACOIN FINANCE. MAGACOIN FINANCE is quickly gaining credibility in the crypto space, with forecasts pointing to an impressive 55x ROI. What sets it apart is the strong foundation of third-party audits, full transparency, and growing investor trust. These factors are fueling confidence among whales and retail buyers, making it a standout presale opportunity. With whale accumulation already underway, MAGACOIN FINANCE is ranked among the best cryptos to buy for those seeking exponential returns ahead of October’s market shift. Avalanche (AVAX): Enterprise Adoption and Global Partnerships Avalanche continues to strengthen its real-world adoption with partnerships including FIFA and Visa, while daily transactions have more than doubled to 1.3 million. Its Octane Upgrade has reduced gas fees by 96%, making AVAX highly competitive as an enterprise blockchain. While trading around $22.82, a breakthrough beyond $25 was envisaged by analysts to send AVAX going as far as $50. Avalanche, with the inflow of institutions and extensive on-chain development, is setting itself up as one of the top crypto buys for not only the long-term holders but also the portfolios targeting enterprises. Final Thoughts: October 2025 Market Shift As October 2025 approaches, the crypto landscape is set for major catalysts — ETF decisions, scaling upgrades, and whale-driven market moves. Investors who aim to find the top digital currencies to acquire would consider Cardano, Solana, MAGACOIN FINANCE, and Avalanche as the leading and most promising picks. History shows the biggest winners are early movers — and October could be the start of the next explosive bull run by accumulating MAGACOIN FINANCE. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Cardano, Solana, MAGACOIN FINANCE & AVAX — Best Cryptos to Buy Before the October 2025 Market Shift
The Tokyo-based financial group SBI Holdings has announced a strategic alliance with Chainlink to promote institutional adoption of digital assets by leveraging Chainlink CCIP for secure cross-chain tokenization of real-world
BitcoinWorld Institutional Digital Asset Adoption: SBI Group and Chainlink Forge a Revolutionary Partnership The financial world is witnessing a transformative shift, with institutional digital asset adoption emerging as a key driver of innovation. In a significant move that underscores this trend, SBI Group, one of Japan’s largest financial conglomerates, has announced a strategic partnership with Chainlink, the leading decentralized oracle network. This collaboration aims to accelerate the embrace of blockchain technology and digital assets by institutions globally, marking a pivotal moment for the industry. Why is Institutional Digital Asset Adoption a Game-Changer? Institutions, from banks to asset managers, are increasingly recognizing the immense potential of digital assets. They offer unprecedented efficiencies, transparency, and new investment opportunities. However, navigating the complexities of blockchain technology, ensuring security, and achieving seamless integration with existing systems have been significant hurdles. This is where partnerships like SBI and Chainlink become vital, paving the way for broader institutional digital asset adoption . Consider the traditional financial landscape. It often grapples with: Slow settlement times. High operational costs. Limited interoperability between different systems. Digital assets, especially when tokenized and managed on secure, interoperable blockchain networks, promise to address these challenges head-on. The collaboration between SBI and Chainlink directly targets these pain points. Unlocking Potential: The SBI Group and Chainlink Partnership The strategic alliance between SBI Group and Chainlink is set to revolutionize how institutions interact with digital assets. Announced via a PR Newswire release, this partnership focuses on leveraging Chainlink’s robust suite of services to facilitate the secure and efficient transfer of value across various blockchains. This is crucial for accelerating institutional digital asset adoption . The core of this collaboration involves three key Chainlink technologies: Cross-Chain Interoperability Protocol (CCIP): This protocol enables secure communication and transfer of value between different blockchain networks. It’s like a universal translator for blockchains, allowing assets and data to move freely and safely. SmartData: Chainlink’s oracle services provide reliable, real-world data to smart contracts. For institutions, this means access to accurate market prices, interest rates, and other critical information directly on-chain, powering sophisticated financial products. Proof of Reserve: This mechanism offers cryptographic proof of an asset’s collateralization, ensuring that tokenized assets are fully backed by their underlying reserves. This transparency builds crucial trust for institutions venturing into tokenized real-world assets. These tools are essential for building a robust infrastructure that supports the complex needs of institutional players in the digital asset space. What Challenges Does This Partnership Tackle for Institutional Digital Asset Adoption? The path to widespread institutional digital asset adoption is not without its obstacles. One major challenge is the fragmented nature of the blockchain ecosystem. Different blockchains often operate in isolation, making it difficult to transfer assets or data between them. Chainlink’s CCIP directly addresses this by providing a secure, standardized way for cross-chain interactions. Another significant hurdle is data integrity. Institutions require highly reliable and tamper-proof data to make informed decisions and execute smart contracts. Chainlink’s SmartData ensures that off-chain data feeds are delivered securely and accurately to on-chain applications, mitigating risks associated with unreliable information. Furthermore, trust and regulatory compliance are paramount. For tokenized real-world assets, institutions need assurances that the digital representation is genuinely backed by physical assets. Chainlink’s Proof of Reserve offers this verifiable transparency, helping to meet regulatory requirements and foster confidence among institutional investors. Paving the Way: The Future of Institutional Digital Asset Adoption This partnership is more than just a collaboration; it’s a blueprint for the future of finance. By combining SBI Group’s deep financial expertise and extensive network with Chainlink’s cutting-edge decentralized infrastructure, the two entities are creating a powerful synergy. This will undoubtedly accelerate the global movement towards institutional digital asset adoption . Imagine a future where: Real-world assets like real estate or commodities are seamlessly tokenized and traded across multiple blockchains. Financial institutions can issue and manage digital bonds with unprecedented efficiency. Cross-border payments become instant and significantly cheaper. The SBI-Chainlink alliance is actively building the rails for this exciting future, offering actionable insights for other financial players considering their foray into digital assets. It highlights the importance of robust, secure, and interoperable infrastructure. In conclusion, the partnership between SBI Group and Chainlink represents a monumental leap forward for the digital asset landscape. By integrating Chainlink’s CCIP, SmartData, and Proof of Reserve, this collaboration is actively dismantling barriers to institutional digital asset adoption . It promises to usher in an era of greater efficiency, transparency, and innovation across global finance, truly transforming how institutions interact with the burgeoning world of blockchain and digital assets. Frequently Asked Questions (FAQs) 1. What is the SBI Group and Chainlink partnership about? The partnership between SBI Group and Chainlink aims to accelerate the global institutional digital asset adoption by leveraging Chainlink’s decentralized oracle network and its advanced technologies. 2. What Chainlink technologies are involved in this collaboration? The collaboration primarily utilizes Chainlink’s Cross-Chain Interoperability Protocol (CCIP), SmartData, and Proof of Reserve to support cross-chain tokenized real-world assets. 3. How does CCIP benefit institutional digital asset adoption? CCIP enables secure communication and transfer of value across different blockchain networks, solving the critical challenge of interoperability for institutions dealing with diverse digital assets. 4. What role does Proof of Reserve play in this partnership? Proof of Reserve provides cryptographic verification that tokenized assets are fully backed by their underlying reserves, building essential trust and aiding regulatory compliance for institutions. 5. What are the main benefits for institutions from this partnership? Institutions benefit from enhanced security, improved data integrity, seamless cross-chain interoperability, and increased transparency, all of which are crucial for large-scale institutional digital asset adoption . 6. How will this partnership impact the future of finance? This partnership is expected to accelerate the tokenization of real-world assets, streamline financial operations, and foster a more interconnected and efficient global financial system, setting a precedent for future innovations. Did you find this article insightful? Share your thoughts and help spread the word about this groundbreaking partnership! Your shares on social media help us reach more individuals interested in the future of finance and blockchain technology. To learn more about the latest explore our article on key developments shaping institutional digital asset adoption and its future growth. This post Institutional Digital Asset Adoption: SBI Group and Chainlink Forge a Revolutionary Partnership first appeared on BitcoinWorld and is written by Editorial Team
According to on-chain analyst Yu Jin’s monitoring, a large whale sold ETH—liquidating its final 10,425 ETH within 13 hours and converting the proceeds to 49,737,000 USDT. The entity had earlier
BitcoinWorld Stablecoins’ Astounding Triumph: CZ Declares CBDCs Obsolete The world of digital finance is constantly evolving, with new innovations shaping how we perceive and use money. A recent statement from Binance co-founder Changpeng Zhao (CZ) has sparked significant discussion, highlighting a fascinating shift in this landscape. Speaking at the WeX2025 event in Japan on August 25, CZ confidently asserted that stablecoins are not just growing, but actively outpacing Central Bank Digital Currencies (CBDCs), effectively rendering many CBDC efforts obsolete. This bold claim invites us to delve deeper into why one digital asset class is flourishing while another struggles for relevance. Why Are Stablecoins Surging Ahead? CZ’s observations, reported by JinSe Finance, point to a clear divergence in market acceptance. He noted that stablecoins , typically backed by real-world assets like fiat currencies, enjoy significantly higher market acceptance and facilitate broader transactions globally. Think about it: when you use a stablecoin, you’re interacting with a digital asset designed to maintain a stable value, mirroring traditional currencies without the volatility often associated with other cryptocurrencies. This inherent stability makes them incredibly appealing for everyday transactions, remittances, and even international trade. In contrast, CZ highlighted that CBDCs are experiencing nearly zero adoption. Many countries embarked on CBDC experiments as early as 2013–2014, but these initial forays are now largely considered outdated and ineffective. The promise of government-backed digital money has yet to translate into widespread practical use, leaving a significant gap between ambition and reality. This stark difference in adoption rates forms the core of CZ’s argument. What Makes Stablecoins More Appealing Than CBDCs? The appeal of stablecoins lies in several key areas that resonate with users and businesses alike. They offer: Stability: Their value is pegged to a stable asset, removing the speculative risk often associated with cryptocurrencies. This predictability is crucial for commerce. Accessibility: Stablecoins can be easily sent and received across borders, often with lower fees and faster transaction times than traditional banking methods. They democratize access to financial services. Innovation: The ecosystem around stablecoins is vibrant, constantly developing new use cases in DeFi, NFTs, and beyond. CBDCs, on the other hand, often face hurdles related to privacy concerns, lack of perceived benefits over existing digital payment systems, and the slow pace of governmental implementation. Users often question what unique problem a CBDC solves that isn’t already addressed by mobile banking or private digital currencies. How is China’s Stance on Stablecoins Evolving? An interesting development CZ pointed out is China’s evolving approach to stablecoins . Historically, China has maintained tight control over cryptocurrencies. However, CZ observed a shift from this restrictive stance towards a more open perspective, particularly with Hong Kong taking a proactive role. This change could signify a growing recognition of stablecoins’ potential utility, even within jurisdictions known for strict financial regulations. Hong Kong’s active engagement in exploring frameworks for stablecoins suggests a pragmatic approach. They aim to balance innovation with regulatory oversight, potentially positioning themselves as a hub for digital asset development. This regional shift could have broader implications, encouraging other nations to re-evaluate their own positions on stablecoins. Are CBDCs Truly Obsolete? While CZ’s declaration of CBDCs as “obsolete” might seem strong, it reflects the current reality of their limited adoption. The early experiments simply haven’t captured the public’s imagination or offered compelling advantages over established payment systems or the burgeoning stablecoins market. For CBDCs to gain traction, they would need to: Offer clear, tangible benefits that private digital currencies or existing banking systems do not. Address privacy concerns effectively to build user trust. Demonstrate seamless integration into daily life without undue friction. The challenge for central banks is to innovate rapidly enough to compete with the agile, market-driven development seen in the stablecoin space. Without significant re-evaluation and adaptation, many CBDC projects risk remaining experimental curiosities rather than becoming widely adopted digital currencies. In conclusion, Changpeng Zhao’s insights from WeX2025 paint a clear picture: stablecoins are currently dominating the race for digital currency adoption. Their inherent stability, global accessibility, and the dynamic ecosystem built around them offer compelling advantages that CBDCs have yet to match. While central banks continue their exploration, the market has spoken, embracing stablecoins as a practical and effective solution for digital transactions. The future of money is undeniably digital, and for now, stablecoins appear to be leading the charge with astounding momentum. Frequently Asked Questions (FAQs) 1. What did CZ say about stablecoins and CBDCs? Binance co-founder CZ stated that stablecoins are significantly outpacing Central Bank Digital Currencies (CBDCs) in market acceptance and adoption, considering many CBDC experiments obsolete. 2. Why do stablecoins have higher market acceptance? Stablecoins are backed by real-world assets, offering stability, global accessibility, lower transaction fees, and faster processing times, making them highly appealing for various transactions. 3. What are the main advantages of stablecoins? Key advantages include their stable value (pegged to fiat currencies), ease of cross-border transactions, and their role in fostering innovation within the broader digital asset ecosystem. 4. Has China’s stance on stablecoins changed? CZ noted a shift in China’s stance from tight control to a more open approach, with Hong Kong actively exploring frameworks for stablecoins. 5. Are all CBDC initiatives considered obsolete? CZ specifically referred to early CBDC experiments from 2013-2014 as obsolete due to their near-zero adoption. For new CBDCs to succeed, they need to offer distinct advantages and address user concerns effectively. Did CZ’s insights resonate with you? Share this article on your social media to spark a conversation about the future of digital currencies and the growing influence of stablecoins! To learn more about the latest digital currency trends, explore our article on key developments shaping stablecoins adoption . This post Stablecoins’ Astounding Triumph: CZ Declares CBDCs Obsolete first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Japan Crypto Environment: A Bold Step Towards Innovation Exciting news from the Land of the Rising Sun! Japan is actively working to cultivate a welcoming Japan crypto environment . This development signals a significant move towards integrating digital assets into the mainstream financial landscape, potentially reshaping how we view investments and technological innovation in the region. Finance Minister Katsunobu Kato recently revealed the country’s commitment to fostering an atmosphere conducive to crypto development, according to reports from Jin10 . This announcement isn’t just a casual remark; it reflects a deliberate strategy to position Japan at the forefront of the digital economy. Japan Crypto Environment: What’s Happening? Minister Kato’s statement emphasizes a forward-thinking approach. He highlighted that cryptocurrencies could become a vital component of a diversified investment portfolio. This perspective suggests a shift from mere regulatory oversight to active encouragement of crypto adoption and innovation within Japan. What does this mean for the everyday investor and the broader crypto community? It implies that Japan is not only acknowledging the existence of digital assets but also recognizing their potential value. This positive stance could lead to clearer guidelines, increased institutional participation, and a more stable market for crypto enthusiasts. Why is Japan Embracing the Crypto Environment? Japan has always been a nation that values technological advancement and economic stability. Creating a favorable Japan crypto environment aligns perfectly with these national priorities. Several factors likely influence this strategic decision: Economic Growth: Encouraging crypto innovation can attract new businesses and investments, boosting the national economy. Technological Leadership: By embracing blockchain and digital assets, Japan aims to maintain its position as a global leader in technology. Investor Protection: A well-regulated environment offers better protection for investors, fostering trust and encouraging wider adoption. Financial Diversification: Offering crypto as a legitimate investment option allows citizens to diversify their portfolios, potentially leading to greater financial resilience. This proactive stance differentiates Japan from some other nations that have approached crypto with more caution or even outright bans. Japan appears to view crypto not as a threat, but as an opportunity for progress. Navigating the Future: Opportunities in Japan’s Crypto Environment The commitment to nurturing a robust Japan crypto environment opens up numerous opportunities. For businesses, this could mean easier market entry, clearer operational guidelines, and access to a growing pool of tech-savvy talent. For investors, it translates into potentially more accessible and secure avenues for engaging with digital assets. However, with every opportunity comes responsibility. While the government aims to create a conducive setting, individuals must still exercise due diligence. Understanding market volatility and conducting thorough research remains crucial for any investment, including cryptocurrencies. Actionable Insights for Investors in the Japan Crypto Environment If you are considering investments within this evolving landscape, here are some key takeaways: Stay Informed: Follow official announcements and regulatory updates from Japanese financial authorities. Diversify Wisely: As Minister Kato suggested, consider crypto as part of a diversified portfolio, not your sole investment. Choose Reputable Platforms: Opt for exchanges and services that comply with Japanese regulations and have strong security measures. Understand Risks: Cryptocurrencies can be volatile. Invest only what you can afford to lose. Japan’s progressive approach could serve as a blueprint for other nations. It demonstrates how a major economy can integrate innovative technologies while prioritizing stability and investor confidence. The statements from Japan’s Finance Minister mark a significant moment for the global crypto landscape. By actively working to create a welcoming Japan crypto environment , the nation is not only embracing the future of finance but also offering a potential model for responsible innovation. This move could unlock new avenues for investment, foster technological advancement, and solidify Japan’s position as a forward-thinking leader in the digital age. It is a powerful signal that mainstream acceptance and integration of digital assets are becoming an undeniable reality. Frequently Asked Questions (FAQs) 1. What did Japan’s Finance Minister say about crypto? Finance Minister Katsunobu Kato stated that Japan aims to create an environment conducive to the development of cryptocurrencies, recognizing their potential as part of a diversified investment portfolio. 2. Why is Japan taking a positive stance on crypto? Japan seeks to foster economic growth, maintain technological leadership, enhance investor protection through clear regulations, and offer its citizens more options for financial diversification. 3. How will this impact crypto investors? A conducive Japan crypto environment could lead to clearer regulations, increased institutional adoption, and more secure platforms, potentially making crypto investments more accessible and stable for both local and international investors. 4. Are there still risks involved with crypto investments in Japan? Yes, like any investment, cryptocurrencies carry risks, including market volatility. Investors should always conduct thorough research and invest responsibly, even within a supportive regulatory framework. 5. What does “diversified investment portfolio” mean in this context? It means including cryptocurrencies alongside traditional assets like stocks, bonds, and real estate to spread risk and potentially enhance overall returns, rather than putting all your investment into one asset class. If you found this article insightful, consider sharing it with your network! Help us spread the word about Japan’s exciting steps in the crypto world by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Japan Crypto Environment: A Bold Step Towards Innovation first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News on August 25, citing on-chain analyst Ai Auntie (@ai_9684xtpa), identified a whale label referenced as the “125k USD Long ETH Liquidation.” Address 0xd07…327bb is reported holding 23,108 ETH
Bitcoin price is attempting to recover from $110,650. BTC is back above $112,200 but faces many hurdles on the way up to $115,000. Bitcoin started a recovery wave above the $112,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,500 resistance zone. Bitcoin Price Dips Again Bitcoin price started a fresh decline after a close below the $114,500 level. BTC gained bearish momentum and traded below the $113,200 support zone. There was a move below the $112,000 support zone and the 100 hourly Simple moving average. The pair tested the $110,6500 zone. A low was formed at $110,692 and the price is now attempting to recover. It climbed above the 23.6% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average . Immediate resistance on the upside is near the $113,600 level. The first key resistance is near the $114,000 level. There is also a key bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair. The next resistance could be $114,800 or the 61.8% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. A close above the $114,800 resistance might send the price further higher. In the stated case, the price could rise and test the $115,500 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. Another Decline In BTC? If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,500 level. The first major support is near the $112,200 level. The next support is now near the $111,500 zone. Any more losses might send the price toward the $110,650 support in the near term. The main support sits at $108,500, below which BTC might take a major hit. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,200, followed by $112,000. Major Resistance Levels – $113,500 and $114,000.