While several other altcoins have fairly shone in the current bull cycle, the Ethereum price has often struggled to live up to its reputation as the “king of altcoins.” Since losing the $4,000 level last year, ETH has not shown any real promise of reaching its all-time high price. More recently, though, the Ethereum price appears to be recovering well after being under intense bearish pressure since the start of the year. With this little show of momentum, the altcoin has been touted to witness significant upward movement over the coming months. How High Could ETH Price Climb? In a Jan. 17 post on the X platform, prominent crypto analyst Ali Martinez shared an audacious bullish prediction for the price of Ethereum over the next few months. According to the crypto trader, the cryptocurrency looks set for a rally to around $7,000. Related Reading: Bitcoin Price Signals Strength: Bulls Prepare for the Next Leg Up This projection is based on the formation of the inverse head-and-shoulder pattern on the daily Ethereum price chart. The inverse version of the head-and-shoulders pattern is a technical analysis formation marked by three distinct price troughs, including a lower “head” set between two higher “shoulders.” While the head-and-shoulders pattern often signals a potential bearish reversal, the inverse pattern indicates a possible bullish breakout. However, the inverse pattern is also validated when the price breaks above the neckline, which is a trendline connecting the crests (swing highs) between the head. As observed in the chart above, the price of Ethereum appears to have completed the right shoulder of the inverse head-and-shoulders pattern. The altcoin now seems to be approaching the neckline, which is wedged between the $4,000 and $4,100 region. Martinez noted that a successful close of the Ethereum price above the $4,100 mark could set the stage for a rally to $7,000. This represents an almost 100% rally from the current price point. According to Martinez, the recent on-chain movement of whales could prove a useful catalyst for such a move. The latest on-chain data shows that whales have accumulated over 330,000 ETH (worth more than $1 billion) in the past week. This level of whale activity can be bullish for the Ethereum price, especially as it has been correlated with significant price increases in the past. Ethereum Price At A Glance As of this writing, the Ether token is valued at just beneath $3,500, reflecting an almost 5% price jump in the past 24 hours. According to data from CoinGecko, the price of Ethereum is up by nearly 7% in the past week. Related Reading: Whale Activity Spikes as Bitcoin Reclaims $102,000—What Investors Need To Know Featured image from Shutterstock, chart from TradingView
AI Tools for Background Removal, Change, and Blur Whether you’re editing photos for social media, creating professional headshots, or designing marketing visuals, the ability to modify backgrounds with precision is crucial. With advancements in artificial intelligence, tasks like background removal , blurring , and replacement have become faster and more accessible. This guide will explore the best AI-powered background tools , their features, and how they can elevate your visual content. What Is a Background Remover AI? A background remover AI uses machine learning to detect and isolate the subject in an image or video, automatically removing the background without manual input. These tools are ideal for: Creating transparent backgrounds. Replacing backgrounds with custom images or colors. Adding blur effects for professional visuals. Top Features of AI Background Tools Automatic Background Removal Detects and removes backgrounds with a single click. Custom Background Replacement Replace removed backgrounds with images, colors, or designs. Background Blur Apply professional blur effects to create depth and focus. Batch Processing Edit multiple images simultaneously to save time. Integration with Design Tools Export results to platforms like Adobe Photoshop, Canva, or Figma. Best AI Tools for Background Removal, Blurring, and Replacement 1. Remove.bg Overview: A leading tool for instant background removal with high accuracy. Key Features: Automatic background removal. High-resolution downloads. Custom background replacement. Pricing: Free for low-resolution images; paid plans start at $0.20/image. 2. Canva Background Remover Overview: A versatile tool integrated into Canva’s graphic design platform. Key Features: One-click background removal. Seamless integration with Canva templates. Add blur or replace backgrounds with custom designs. Pricing: Available with Canva Pro subscription ($12.99/month). 3. Adobe Photoshop AI Background Tools Overview: Advanced tools for professional photo editing. Key Features: Select Subject and Remove Background AI options. Background blur and replacement capabilities. Full creative control for detailed edits. Pricing: Starting at $20.99/month. 4. Fotor Background Remover Overview: A beginner-friendly online editor with powerful AI tools. Key Features: Automatic background removal. Blur and replace backgrounds with a few clicks. Customizable effects and filters. Pricing: Free basic plan; Pro plans start at $8.99/month. 5. Pixlr X and Pixlr Remove Overview: A free-to-use tool for quick edits and background removal. Key Features: AI-powered background removal. Adjustable background blur settings. Accessible via web and mobile apps. Pricing: Free; Premium plans start at $4.99/month. 6. Slazzer Overview: Specializes in background removal for photos and videos. Key Features: Supports bulk processing. API integration for eCommerce platforms. Custom background addition. Pricing: Free for low-resolution images; paid plans start at $13/month. 7. PhotoRoom Overview: A mobile-friendly app for quick background edits. Key Features: Background removal and replacement. Creative templates for eCommerce and social media. Adjustable blur and transparency. Pricing: Free basic plan; Pro version starts at $9.99/month. How to Use AI Background Tools Step 1: Upload Your Image Import your photo or video to the chosen tool. Step 2: Remove Background Use the AI tool to automatically detect and remove the background. Step 3: Apply Changes Replace the background with a custom image, color, or design. Add blur effects for a professional look. Step 4: Export Save your edited file in the desired format (PNG, JPEG, etc.). Benefits of Using AI for Background Editing Time-Saving: Removes the need for manual background editing, saving hours of work. Professional Results: AI ensures clean edges and precise cuts, even for complex subjects like hair or transparent objects. Accessibility: No advanced skills or expensive software required; most tools are user-friendly. Cost-Effective: Affordable solutions for personal and professional projects. Versatility: Use for product photography, social media posts, advertisements, and more. FAQs About AI Background Tools What is the best AI tool for background removal? Remove.bg and Canva are top choices for their accuracy and ease of use. Can I blur backgrounds with AI tools? Yes, many tools like Fotor and Canva offer background blur options. Are AI background tools free? Most tools offer free versions with limited features, while advanced options are available in paid plans. Which tool is best for eCommerce images? Slazzer and PhotoRoom are ideal for product photography due to bulk processing and customizable templates. Do these tools work for videos? Some tools, like Slazzer and Adobe Premiere Pro, support video background editing. Conclusion AI-powered background tools like Remove.bg , Canva , and Fotor have revolutionized the way we edit visuals. Whether you need to remove, replace, or blur backgrounds, these tools offer precision, speed, and affordability. Choose a tool based on your project requirements and level of expertise to create stunning visuals effortlessly. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Quantum AI: Transforming the Landscape of Trading Quantum AI, the integration of quantum computing and artificial intelligence (AI) , is revolutionizing industries worldwide. Among its most significant applications is in trading, where Quantum AI trading has the potential to process vast datasets, predict market trends, and optimize investment strategies at unprecedented speeds. In this article, we’ll dive into the concept of Quantum AI , its applications in trading, and how it’s shaping the future of financial markets. What Is Quantum AI? Quantum AI combines the power of quantum computing with AI to solve complex problems faster and more accurately. While AI relies on algorithms and traditional computing, quantum computing leverages quantum bits (qubits) to perform computations at exponentially higher speeds. Key Features of Quantum AI Parallel Processing: Handles multiple calculations simultaneously. Enhanced Problem Solving: Tackles challenges that traditional AI finds too complex. Predictive Analytics: Processes enormous datasets to predict outcomes with higher accuracy. What Is Quantum AI Trading? Quantum AI trading is the application of quantum computing and AI in the trading world. It helps traders and financial institutions: Analyze large-scale financial data. Optimize portfolios with advanced algorithms. Predict price movements with improved accuracy. This combination offers an edge in the competitive world of financial markets by enabling faster and more informed decision-making. How Quantum AI Works in Trading Data Analysis Quantum AI processes vast amounts of historical and real-time data, identifying patterns and anomalies in milliseconds. Algorithm Optimization Enhances existing trading algorithms, allowing for more precise predictions of price trends and market fluctuations. Risk Management Quantum AI analyzes risk factors in real-time, enabling traders to mitigate losses effectively. Portfolio Management Optimizes asset allocation by running complex simulations to maximize returns. Benefits of Quantum AI in Trading 1. Speed and Efficiency Quantum AI performs calculations at speeds impossible for traditional systems, enabling real-time market analysis and rapid execution of trades. 2. Improved Accuracy By leveraging quantum computing, AI models can analyze vast datasets with greater precision, reducing errors in predictions. 3. Enhanced Decision-Making Combining AI’s machine learning capabilities with quantum’s processing power leads to better-informed trading decisions. 4. Portfolio Optimization Quantum AI evaluates millions of potential investment strategies to identify the most profitable options. 5. Risk Reduction Real-time data analysis helps traders react to market changes instantly, minimizing risks and losses. Challenges of Quantum AI Trading High Costs Quantum computing is expensive, limiting its accessibility to large financial institutions and enterprises. Complexity The technology requires highly specialized knowledge, making it challenging for smaller players to adopt. Regulatory Uncertainty As quantum AI evolves, regulatory frameworks will need to catch up, raising concerns about compliance and ethical use. Quantum AI vs. Traditional AI in Trading Feature Quantum AI Traditional AI Processing Speed Exponentially faster Limited by classical computing Data Analysis Handles massive datasets Efficient but slower Complex Problem Solving Excels in multifaceted scenarios Handles simpler problems Adoption Cost High Relatively lower Applications of Quantum AI in Financial Markets 1. High-Frequency Trading (HFT) Quantum AI’s speed enables rapid analysis and execution of trades in high-frequency trading environments. 2. Derivatives Pricing Accurately calculates the value of complex derivatives, even in volatile markets. 3. Fraud Detection Identifies anomalies and potential fraud in financial transactions. 4. Risk Analysis Continuously evaluates risk factors for portfolios, offering actionable insights. 5. Market Predictions Improves accuracy in forecasting market trends by analyzing historical and real-time data. Popular Quantum AI Trading Platforms 1. IBM Quantum Offers quantum computing as a service (QCaaS) to businesses. Provides tools for building quantum AI trading models. 2. Google Quantum AI Focused on advancing quantum research and applications, including trading. 3. Xanadu Quantum Cloud Specializes in quantum machine learning for financial applications. 4. D-Wave Systems Develops quantum hardware and software optimized for real-time decision-making. How to Get Started with Quantum AI Trading Understand the Basics Learn about quantum computing and AI fundamentals. Choose a Platform Select a quantum computing platform that aligns with your trading needs. Develop or Adopt Algorithms Build custom quantum AI algorithms or use pre-developed models. Test and Optimize Run simulations to test performance before deploying live. Stay Updated Quantum AI is evolving rapidly; keep learning to stay ahead. FAQs About Quantum AI Trading Is Quantum AI trading available for individual traders? Currently, Quantum AI trading is more accessible to institutions due to high costs and complexity, but this may change as technology advances. Can Quantum AI guarantee profits in trading? No, while it enhances decision-making and reduces risks, market unpredictability always involves inherent risks. How does Quantum AI differ from machine learning in trading? Quantum AI combines quantum computing’s speed with AI’s learning capabilities, while machine learning relies solely on classical computing. Conclusion Quantum AI trading represents the future of financial markets, combining the unparalleled speed of quantum computing with the intelligence of AI. While still in its early stages, this technology has the potential to revolutionize trading by offering enhanced accuracy, efficiency, and risk management. For traders and institutions ready to adopt cutting-edge solutions, Quantum AI opens doors to unparalleled opportunities. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Notion AI: Your Ultimate Productivity Partner In today’s fast-paced digital environment, staying organized and productive can be challenging. Notion AI , the latest innovation from the Notion productivity suite, combines artificial intelligence with the platform’s signature customization features to supercharge productivity, creativity, and organization. Whether you’re managing projects, creating content, or brainstorming ideas, Notion AI offers tools to automate tedious tasks and inspire creativity. What Is Notion AI? Notion AI is an AI-powered assistant integrated into the popular Notion app. It leverages advanced natural language processing (NLP) to help users generate content, automate workflows, and improve task management. Key Capabilities Smart writing assistance. Automated task summaries. Content generation for blogs, emails, and more. Idea brainstorming and creative prompts. Features of Notion AI 1. Content Generation Notion AI can create high-quality content in seconds. Generate blog posts, reports, or meeting agendas. Draft professional emails or marketing copy effortlessly. 2. Task Summarization Summarize lengthy meeting notes or project updates into concise highlights. Quickly grasp key points without reading through long documents. 3. Creative Assistance Brainstorm ideas for projects, titles, or campaigns. Overcome writer’s block with suggestions and prompts. 4. Automated To-Do Lists Generate task lists from notes and set reminders. Organize workflows with AI-recommended priorities. 5. Language and Tone Adjustment Rewrite text for clarity, conciseness, or a specific tone. Translate content into different languages instantly. 6. Research Support Use Notion AI to extract relevant information from articles, research papers, or reports. Generate summaries or insights based on given prompts. Benefits of Using Notion AI 1. Saves Time By automating repetitive tasks like writing and summarization, Notion AI allows users to focus on high-value work. 2. Boosts Creativity Generate fresh ideas, creative prompts, or content suggestions effortlessly. 3. Enhances Productivity Streamline workflows with AI-organized tasks, summaries, and actionable insights. 4. Supports Collaboration Teams can leverage AI-generated summaries and insights to stay aligned and informed. 5. Accessible to All Skill Levels Notion AI’s intuitive interface makes it user-friendly, even for beginners. How to Use Notion AI 1. Enable Notion AI Sign up for Notion AI through the app’s settings. Available with a Notion subscription plan. 2. Select a Task Open a page in Notion and choose from options like “Summarize,” “Generate Content,” or “Brainstorm Ideas.” 3. Provide Input Enter a prompt or upload content for Notion AI to process. Examples: “Summarize this document” or “Write a blog post about productivity tips.” 4. Review and Edit Customize the AI-generated output to fit your needs. 5. Save and Share Export or share the results with team members. Use Cases for Notion AI 1. Content Creation Write articles, newsletters, or marketing copy. 2. Project Management Summarize project updates and create task lists. 3. Education Generate study notes or simplify complex topics. 4. Team Collaboration Share concise meeting summaries with team members. 5. Personal Productivity Create goal trackers, habit schedules, or brainstorm ideas for personal projects. Notion AI vs. Other AI Productivity Tools Feature Notion AI ChatGPT Grammarly Content Generation Yes Yes Limited Task Summarization Yes Limited No Project Integration Yes No No Language Adjustment Yes Yes Yes Custom Workflows Yes No No Pricing for Notion AI Notion AI is available as an add-on for Notion’s subscription plans: Free Plan: Limited AI features. Personal Pro Plan: $10/month (with full AI access). Team Plan: $8–$15/month per user, depending on features. FAQs About Notion AI Is Notion AI available for free? Basic features are accessible in the free plan, but advanced AI tools require a subscription. Can Notion AI replace human creativity? Notion AI complements creativity by providing ideas and simplifying tasks, but human input is essential for personalized and nuanced results. What industries benefit most from Notion AI? Notion AI is ideal for industries like marketing, education, content creation, project management, and more. How secure is Notion AI? Notion ensures data privacy with encryption and secure protocols for all AI-generated outputs. Conclusion Notion AI redefines productivity by automating tasks, enhancing creativity, and organizing workflows seamlessly. From generating content to summarizing meetings, this tool empowers individuals and teams to work smarter, not harder. Explore Notion AI today and unlock your full potential! To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Donald Trump’s recent foray into the cryptocurrency space with his newly launched meme coin, $TRUMP, has taken the market by storm. Within a short time, the coin has reached a staggering $10 billion market capitalization, positioning itself as one of the most notable projects in the meme-coin niche. The rapid rise of $TRUMP has drawn attention from retail traders and larger market participants. The project has been heavily discussed across social media platforms. A post from The Kobeissi Letter on X highlighted that the memecoin “has now outperformed the last 40-year return in the S&P 500.” This statement shows the significant gains investors in $TRUMP have seen in under a day. BREAKING: Donald Trump's memecoin, $TRUMP , officially hits $10 billion in market cap. It has now outperformed the last 40-year return in the S&P 500. pic.twitter.com/agkYMfXDSZ — The Kobeissi Letter (@KobeissiLetter) January 18, 2025 The Kobeissi Letter shared further details about the coin, showing the liquidity pool of $TRUMP at $316.7 million, and its fully diluted valuation (FDV) matching its market cap at $10.06 billion. The coin has experienced remarkable trading activity, with a 24-hour volume exceeding $1.12 billion. Furthermore, the coin’s price has surged by 5,415% in just one day, reflecting strong investor interest and market momentum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Trump’s Support For Crypto This launch comes as meme coins dominate certain sectors of the cryptocurrency market. However, $TRUMP appears to have captured a unique segment of the market, leveraging the U.S. President-elect’s brand and public image. This meme coin launched just days before Trump’s inauguration as the 47th president of the U.S. and is a clear sign of his support for the crypto world. One of the first major steps Trump has taken to favor the crypto market is his nomination of Paul Atkins as successor to SEC Chair Gary Gensler. MaturingMarket Dominance The meteoric rise of $TRUMP parallels the performance of other meme coins like Dogecoin and Shiba Inu, which have gained significant popularity. $TRUMP was launched on the Solana blockchain, further cementing its status as one of the top blockchains for successful meme coin launches. At press time, $TRUMP was ranked #31 in the market and rising fast. The asset has hit an all-time high of $24.5 and is currently trading at $19.8 with an FDV of $19.79 billion. With this spectacular performance in just a few hours, the crypto community is excited to see how well it will perform in the coming days, especially with Trump’s inauguration on Monday. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Donald Trump’s Meme Coin ($TRUMP) Hits $10 Billion Market Capitalization appeared first on Times Tabloid .
NFT market momentum was evident this week alongside broader crypto gains, as Bitcoin surpassed $103,000. Source: CoinGecko CoinMarketCap data shows that the overall crypto market cap has grown to $3.6 trillion from last week’s $3.3 trillion. Bitcoin ( BTC ) NFTs, meanwhile, fell 10.9% to $27.5 million, though buyer participation soared 174.98% to 23,827. According to CryptoSlam data , NFT sales volume reached $164.3 million, up 5.8% from last week. The market saw a strong return of traders, with buyer and seller numbers more than doubling. The weekly metrics show renewed market activity: NFT sales volume grew to $164.3 million from $155.4 million NFT buyers surged 115.49% to 270,108 NFT sellers rose 107.81% to 218,676 Transactions dipped 4.58% to 1,466,206 You might also like: Exploring crypto’s most notorious dark web cybercrime forum Blockchain networks see growth Ethereum ( ETH ) NFT sales climbed 40% to $85.6 million, with buyer numbers up 52.54% to 37,913. Wash trading increased 49% to $39.2 million. At last check Saturday, Ethereum was down 3.2% and priced at around $3,316. See below. Source: CoinGecko Solana ( SOL ) dropped to third with $14.6 million, falling 30.8%. Mythos Chain held fourth place with $12.7 million, up 2.1%. Base stayed in fifth with $8.3 million, rising 13.82%. Source: Blockchains by NFT Sales Volume (CryptoSlam) Azuki dethrones Pudgy Penguins Azuki claimed the top spot with $15.4 million in sales, jumping 268.21%. The collection saw buyer numbers rise 253.45% and transactions up 272.83%. Pudgy Penguins moved to second with $8.0 million, falling 8.04%. CryptoPunks took third place with $7.8 million, rising 126.31%. BRC-20 NFTs fell to fourth with $7.6 million, down 7.79%. DMarket rounded out the top five with $7.5 million, up 4.64% while keeping high volume with 271,785 transactions. Top sales for the week: CryptoPunks #4940: $502,941 (150 ETH) CryptoPunks #7338: $319,016 (100 ETH) CryptoPunks #1782: $250,594 (75 ETH) CryptoPunks #8619: $178,123 (54 ETH) CryptoPunks #7376: $177,515 (55 ETH) Read the last week’s NFT market activity here . Read more: Gary Gensler’s political testament. Digesting the SEC chairman’s exit interview
Top angel investor Pomp reveals new ATH of chances that US Bitcoin Reserve will be built after all
The Solana blockchain is facing significant scrutiny with its newly proposed inflation reduction plan, aimed at lowering the annual inflation rate from 5.7% to 1.5%. This initiative has elicited a
A Lancashire man, James Parker, has been arrested in connection to a Bitcoin fraud ring that stole £28 million from an Australian cryptocurrency website. According to authorities, the scheme started in 2017 after Parker discovered a loophole that allowed him to steal money from the cryptocurrency trading website. He allegedly used the stolen funds to support his lavish lifestyle. Parker, alongside other co-conspirators, used the loophole to siphon money from the website, stealing funds worth £20 million in credits over the next three months. Authorities claimed that the funds from the illicit act were laundered by Parker’s corrupt financial advisor Stephen Boys, who worked with the Winster Court in Clayton-le-Moors. Parker, who discovered the glitch, went on to include others who were integral to the affairs of the gang. Lancashire police investigation uncovers Bitcoin fraud ring According to authorities , the Bitcoin fraud ring spent the money from its affairs lavishly. For instance, people in the streets were gifted £5,000 gift cards, and Parker, who is originally from Blackpool, gave new cars to people he met at the pub. During the investigations, the police recovered 445 BTC, worth £22 million at the time. Other than the BTC, the police also seized luxury watches, houses, exotic cars, and several designer goods, including a wine cooler worth £600 from the group. They also recovered more than £1 million in several bank accounts. Lancashire police said it worked with several international law enforcement, including authorities in Australia, Finland, and the Crown Prosecution Service (CPS) to apprehend the criminals. According to the police, Parker died in 2021 before prosecution, while his co-conspirators were sentenced in January 2023. During the trial, Parker’s financial advisor, Boys revealed that he took £1 million in a suitcase to purchase a villa from some Russians he met in the back office of an estate agent. Boys also said he had paid some corrupt officials funds totaling £60,000 to carry on his laundering activities. Boys was sent to prison for six years for money laundering. Bitcoin fraud ring members sentenced to jail Other members of the group were also sentenced for their role in the criminal operation. Jordan Robinson of Fleetwood was sentenced to eight and a half years in prison. He was guilty of three counts of conspiracy to commit fraud, acquisition of criminal property, and converting criminal property. Another member of the group, Kelly Caton of Blackpool, was also jailed for eight and half years on several counts. She was guilty of conspiracy to commit fraud, acquisition of criminal property, and converting criminal property. Meanwhile, James Austin-Beddoes of Lytham received a suspended sentence on the same charges. In the Proceeds of Crime Act hearing at Preston Crown Court on Friday, the police economic crime unit revealed that it seized assets worth £4 million from Robinson, £8 million from Caton, £1,100 from Austin-Beddoes, and £8 million from Parker. The victim lost about £24.5 million to the gang, and the police noted that they have been compensated in full. Due to the surge in the price of the stolen Bitcoins , the seized amount was more than the stolen amount by about £3 million. The proceeds will be split between the courts, Lancashire police, and the Home Office. DS Dave Wainwright of the economic crime unit highlighted the challenges of the investigation. “This has been an extremely challenging investigation which has tested our use of the Proceeds of Crime Act,” he said. He also expressed his happiness at compensating the victim in full, noting that the criminals were unable to benefit from their theft. “I would like to thank colleagues from across the police and CPS who contributed to this outstanding result,” he added. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin has gained 9.22% this week but dropped No data found for bitcoin on 20 minutes ago% in the past 24 hours after setting up a daily high of $105,784 on Friday. Why is BTC suddenly crashing today? This bearish development comes when the crypto market is confused about the recently launched TRUMP meme coin . Why is Bitcoin Price Crashing Today? Bitcoin price today trades at No data found for bitcoin on 20 minutes ago after dropping No data found for bitcoin on 20 minutes ago%. This short-term pullback comes after BTC registered a 19% gain since the January 13 low. Due to this sudden surge, investors who bought the dip are likely offloading or booking profits, which explains the small retracement. As a result of the recent uptrend drop, Ethereum (ETH) and Ripple (XRP) also registered No data found for ethereum on 20 minutes ago% and 17.83% gains, respectively. Solana (SOL), on the other hand, rose 10% today due to Trump’s meme coin. *bitcoin price updated as of No data found for bitcoin on 20 minutes ago Short-Term Holders Rush to Book Profits Santiment shows that the 7-day MVRV indicator hovers around the danger zone, which short-term investors often book profits. The 7-day Moving Average (MA) of this indicator drowns the noise and provides a good data point to identify where Bitcoin price could reverse. During consolidations, when the 7-day MA of this indicator reaches 3%, a reversal happens. Currently, BTC’s recent 18% rally has generated a similar top signal, hinting that BTC is primed for another correction. Bitcoin Price vs. 7-day MVRV chart During uptrends, these corrections are short-lived and are often reversed due to the buying pressure. Let’s take a look at the technical analysis and what it forecasts for BTC in the mid-to-long-term. BTC Price Analysis: What’s Next For Bitcoin? The four-hour chart shows Bitcoin has overcome the volume profile’s range high at $99.8K and set up a top at a key resistance level of $105.7K. Typically, when the price moves out of a range, it tends to trigger an impulsive move until it creates another consolidative range. Hence, Bitcoin price forecast notes that the recent breakout above $99.8K will lead to a leg up to a new all-time high. Due to the weekend, profit-taking might lead to a pullback into the buy zone, extending from $100.4K to $99.1K. If buyers defend this retracement, BTC’s value could inflate, targeting a new all-time high (ATH). BTC/USDT 4-hour chart Fibonacci Tool Forecasts Key Levels To Sell BTC In the past two months, Bitcoin created a high of $108,421 and a low of $89,100. Using the Fibonacci tool to these two swing points reveals a target of $120,362.3. However, investors should watch for a bounce around the $100K level for an impulsive move to the upside. The key levels to book profits or sell BTC are $100K, $115K & $120K. These areas are where investors should watch for strong reversals or exhaustion that leads to reversal. Conclusion In conclusion, Bitcoin’s sudden crash comes as no surprise, given the recent surge and short-term holders’ eagerness to book profits. While the 7-day MVRV indicator suggests a potential reversal, the Fibonacci tool forecast and technical analysis indicate a bullish outlook for Bitcoin in the mid-to-long term. As the market navigates the current volatility, investors should keep a close eye on key levels, including $100K, $115K, and $120K, to capitalize on potential reversals or impulsive moves to the upside. The post Bitcoin Price Down Today: Why Is BTC Crashing Suddenly? appeared first on CoinGape .