XRP will lose 50% of price if this death cross plays out
Some believe XRP and Cardano could see unprecedented price surges by 2025. Predictions hint at new all-time highs, with XRP potentially reaching $7 and Cardano hitting $5. Such forecasts spark curiosity and debate among investors and crypto enthusiasts. Explore the factors driving these bold predictions and which coins are poised for significant growth. XRP Surge Amid Short-Term Fluctuations XRP experienced a modest decline of about 6.77% in the past month while achieving a remarkable surge of roughly 307.17% over the past six months. Recent price movements reveal a mix of volatile short-term dips counterpoised by strong long-term growth. The significant half-year gain highlights a powerful upward momentum that has been limited in the short term. Current trading shows XRP priced between $1.60 and $2.88. Key levels include support at $1.06 and resistance at $3.61, with a secondary resistance at $4.89. Price behavior suggests a balance between buyers and sellers with no clear trend emerging, indicating potential opportunities for trades within these key zones. Cardano Experiences Fluctuations as Market Conditions Shift Cardano experienced an 8.49% drop over the last month while surging 124.77% over the past six months, indicating a mix of short-term weakness and long-term strength. A recent one-week decline of 7.58% adds to the short-term volatility, reflecting rapid price adjustments during fluctuating market sentiment. These moves highlight a dynamic price evolution as Cardano adjusts to shifts in investor behavior and broader market conditions. ADA currently trades between $0.44 and $0.88, with support at $0.26 and resistance near $1.15. The additional resistance at $1.59 presents an upper hurdle, while the lack of a clear trend and an RSI at 47.65 keep bulls and bears in cautious balance. Trading within these levels may present opportunities for buying near support and selling near resistance. Conclusion XRP and ADA have shown strong potential for growth. Market dynamics and evolving use cases will play pivotal roles. XRP's drive toward $7 hinges on regulatory outcomes and increased institutional adoption. ADA's path to $5 depends on continuous development and successful network upgrades. Both coins are positioned well, but achieving these price points will require favorable market conditions and investor confidence. Steady progress and clear roadmaps will be key factors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The TON price has reclaimed the $3 mark with an over 20% spurt on Saturday, March 15. This price spike was triggered by the news of a French court approving the departure of Telegram founder Pavel Durov from France. Telegram Founder Reportedly Cleared To Leave France According to a report on Saturday, Durov was granted permission by a French court to depart the country, where he faces several charges of enabling organized crime. One of AFP’s sources said that the Telegram founder had been authorized to leave France for “several weeks.” Durov’s legal troubles began on August 24, 2024, after he was detained at the Le Bourget airport in Paris. A few days later, France’s Prosecutor’s Office brought several charges against the Telegram founder centered around running a messaging platform that allegedly enabled illegal activities. Related Reading: Stablecoins Supply Up By $20 Billion – The Key To Bitcoin’s Next Move? On August 28, Durov was released on a $6 million bail, albeit with restrictions on his movement and travels. The French prosecutors demanded that the Telegram founder remain in the country until the conclusion of their investigation. While the current condition of Durov’s case remains unclear, a source close to the case stated the Telegram founder was allowed to leave France temporarily after the investigating judge approved his request to modify the conditions of his supervision. “A third source said Durov had departed for Dubai,” AFP reported. Durov’s arrest led to an uproar within the crypto community at the time, as experts assessed the implications of such a move on the future of technology and encryption. Moreover, it marked another incident in the worrying trend of holding founders and developers accountable for the use of their platforms. It is worth mentioning that, as of press time, there has been no official word from Telegram and Durov confirming the report. TON Price Up 20% Following the report of Durov’s departure from France, TON (native cryptocurrency of The Open Network) reacted with a more than 20% price spike. As with the general crypto market, the altcoin has struggled to build any momentum in the past few months. After reaching the local high of $6 in early December, the TON price has since been on a steady decline. On Tuesday, March 11, the cryptocurrency dropped beneath the $2.5 mark for the first time in over a year. As of this writing, the TON price stands at around $3.4, reflecting an almost 18% surge in the past 24 hours. According to CoinGecko, the token’s performance has improved to a positive 17% gain in the past seven days. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? Featured image from Unsplash, chart from TradingView
XRP is signaling a possible bullish breakout, likely to elevate the asset to a new all-time high in the double digits. This possibility comes as XRP consolidates just above the crucial $2 spot, with the $2.5 zone as the next immediate resistance to watch. According to prominent cryptocurrency analyst Ali Martinez, XRP could potentially hit a $15 valuation because the digital asset has broken out of a symmetrical triangle pattern on the monthly chart, as noted in an X post on March 16. XRP price analysis chart. Source: TradingView/Ali_charts This symmetrical triangle pattern, which has formed since 2018, has historically preceded major price surges. As price action tightened, XRP recently broke above the upper trendline, signaling a potential uptrend. If the breakout holds, XRP could enter a price discovery phase, with a projected target of $15, potentially pushing its market cap to $870 billion. However, key resistance levels remain, and any pullbacks toward the breakout zone could test investor confidence. XRP’s key support to watch Meanwhile, an analysis by Egrag Crypto on March 16 stressed that for XRP to push toward $3, the $2.2 support needs to hold firm. As per the analysis, XRP is trading within an ascending channel, with $3 as the next key area of focus. XRP price analysis chart. Source: TradingView/Egrag Crypto If $3 is breached, the next major target aligns with the upper trendline, estimated at around $4.80 to $5. The broader formation suggests XRP is in an extended accumulation phase, with a breakout potentially leading to a 510% upside, targeting $14.84 as a long-term projection. However, a failure to hold $2.22 could see XRP retesting lower support near $2.17 before resuming its uptrend. As reported by Finbold, on-chain metrics support the possibility of an XRP rally, given that the asset has recorded an all-time high in the number of addresses near the seven million mark. However, the asset could be volatile, given that Ripple is set to release significant XRP from its escrow holdings . It is worth noting that the XRP community aims for sustained price growth after the asset broke out of a prolonged consolidation below the $1 spot. One catalyst for this growth could stem from reports suggesting that the case between Ripple and the Securities and Exchange Commission ( SEC ) might be moving toward a resolution. Indeed, the case has long been cited as a factor suppressing XRP’s growth. On the other hand, XRP may see strong capital inflows as several spot ETFs await SEC approval, with analysts estimating a 65% approval chance by October. XRP price analysis XRP was trading at $2.31 by press time, having plunged by over 5% in the last 24 hours. However, the asset remains green on the weekly chart, rallying by about 3.5%. XRP seven-day price chart. Source: Finbold At the current price, XRP is showing weakness in the short term as it remains below the 50-day simple moving average ( SMA ) of $2.50 but well above the 200-day SMA of $1.64, indicating long-term strength. Market sentiment is neutral, though the Fear & Greed Index at 30 suggests investor caution. Volatility is 8.44%, and the Relative Strength Index ( RSI ) at 50.50 indicates neither overbought nor oversold conditions. Featured image via Shutterstock The post XRP ‘setting up for a bull rally to $15’, says expert appeared first on Finbold .
The financial services giant Cantor Fitzgerald is predicting the stock market will see rallies in the next one to two weeks. In a new interview on CNBC Television, Eric Johnston, a macro strategist at Cantor Fitzgerald, says that he expects a short-term bounce in the stock market during the next couple of weeks even though he says the equity environment looks “fairly poor.” “You have an economy that is clearly slowing. Uncertainty is quite high… But within that view, we think we’re going to get a tactical rally here, probably somewhere in the range of 3% to 5% in the next couple of weeks. We think things line up very well from a technical perspective.” Johnston uses many technical indicators, such as the Relative Strength Index (RSI) – a momentum indicator used to indicate overbought or oversold levels – to support his stance that a tactical rally is in sight. “The RSI has gone below 32. We’ve backtested that [and it] backtests very consistent, very strong. The VIX curve (volatility index) has gone inverted. That is showing fear. That is also backtested very well. Seasonality is turning. Systematic funds have likely already sold what they needed to sell. And hedge funds have also brought down their net exposure. So you add that to the Fed next week, which is where we think they’re going to be dovish. And we think this sets up for a nice rally over the course of the next one to two weeks into month-end.” Recently, it was reported that the US stock market lost a staggering $5 trillion in value during the last three weeks. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Stock Market To Witness Rallies in Next One to Two Weeks, Predicts Wall Street’s Cantor Fitzgerald – Here’s Why appeared first on The Daily Hodl .
An arrest warrant has been issued for Kevin Segal, a self-proclaimed “Bitcoin billionaire” who allegedly failed to appear for a court hearing after a friend posted his $50,000 bond. Prosecutors accuse Segal of swindling Wyoming businesses out of more than $212,000. The 30-year-old California resident faces up to 141 years in prison if convicted. According to a report by The Daily Mail , Segal posed as a wealthy businessman attempting to purchase millions in real estate in the Jackson Hole area while leaving a trail of unpaid bills at luxury resorts and businesses. Judge Bill Simpson issued a bench warrant across all 50 states after Segal skipped his Wednesday court appearance and allegedly failed to surrender his passport as ordered. You might also like: Strategy launches $21b stock offering, Coinbase expands, Binance founder refutes Trump story | Weekly Recap Jason Irvine, who posted Segal’s bond, told Cowboy State Daily he maxed out three credit cards to help what he believed was a friend in need. Irvine claims Segal had promised him “a large Bitcoin payout that equated to half a million dollars” in exchange for posting the bond but disappeared after being released from jail on Feb. 14. “He explained the situation and was basically denying all the charges written in the newspaper,” Irvine said. “[He] said it was libel and slander; and he didn’t intend to defraud anybody. He was locked up in jail, and [said] that’s why he couldn’t pay anybody off.” After feeling betrayed, Irvine sent Segal a text message: “You screwed me over, and now I really don’t believe anything you say anymore. Irvine is now considering bankruptcy due to the financial damage. Investigators discovered a pattern of fraudulent activities throughout Wyoming. Segal reportedly stayed at the luxurious Amangani resort with his mother and a friend, allegedly leaving a $2,725.76 bill unpaid. At Spring Creek Ranch, three cards he used for bills totaling over $22,000 were reported to be fraudulent. It was also reported that he left the Mangy Moose Saloon with an unpaid $3,055.28 tab. The alleged scams extended to individuals as well. Prosecutors say Segal hired a man to purchase a DJI drone in Colorado with a promise of reimbursement, then wrote a check for $3,281.46 that failed to clear. In another instance, he sent a delivery man to drive a Dodge back to Los Angeles, promising to pay for return flights that were allegedly never purchased. The men were stranded and forced to buy their own tickets home, with Segal later sending a fake wire transfer screenshot to cover their $3,101 in expenses. This isn’t Segal’s first legal trouble. Court documents obtained by the Daily Mail show he previously faced a civil lawsuit claiming he falsely claimed to have stocks exceeding $340 million and a successful company to lease a Los Angeles property. If caught, Segal will face a substantially increased bond of $750,000 cash-only. Read more: Bitcoin bounces to $84k: Is following the crowd a losing strategy?
The crypto world can be a fast-paced, thrilling place, offering numerous opportunities for those looking to earn profits in a short amount of time. With the rapid growth of blockchain technology and decentralized finance (DeFi), many projects have emerged that promise quick gains for early participants. But when it comes to the best cryptos to join for short term profits this month, there are a few projects that are standing out from the rest. Qubetics, Cosmos, and Cardano have all made significant strides in their respective niches, offering unique features that appeal to community members looking to capitalize on short-term opportunities. Qubetics is quickly gaining traction with its successful presale, while Cosmos and Cardano continue to build strong ecosystems in the blockchain space. Let’s dive into what makes each of these projects a top contender for the best cryptos to join for short term profits this month. Qubetics: A Top Crypto to Join for Short Term Profits Qubetics is generating significant buzz right now, especially with its ongoing presale that’s raising millions and attracting thousands of backers. The presale has already sold over 499 million $TICS tokens to more than 23,000 community members, raising over $15 million. As the project continues to gain momentum, it’s becoming one of the best cryptos to join for short term profits. One of Qubetics’ standout features is its QubeQode Integrated Development Environment (IDE). This platform allows developers to create decentralized applications (dApps) on the Qubetics blockchain with ease. Imagine a business that needs to create a custom solution for its supply chain management. With QubeQode IDE, that business can quickly develop a decentralized app to track and manage its products in a secure, transparent way. This capability is game-changing for companies that want to adopt blockchain technology but don’t have the time or resources to build complex systems from scratch. QubeQode IDE also makes it easier for individual developers to create blockchain solutions, allowing anyone from independent contractors to large-scale enterprises to participate in the ecosystem. Whether you’re a freelancer working on a crypto-related project or a tech startup aiming to disrupt an industry, QubeQode provides the tools you need to bring your vision to life. The result is an expanding ecosystem that’s attracting more participants every day, which drives demand for $TICS tokens and helps elevate the project’s value. The crypto presale in the current stage offers a great entry point for early buyers. With $TICS tokens priced at $0.1074, there’s a significant upside if the price increases, as analysts predict. For example, if you invest $1,000 at the current presale price, you would receive around 9,300 $TICS tokens. When $TICS reaches $1 after the presale, your $1,000 investment would turn into $9,300. This potential for high returns in a short amount of time makes Qubetics one of the best cryptos to join for short term profits this month. Cosmos: Revolutionizing Blockchain Interoperability Cosmos has firmly established itself as one of the leading projects in the blockchain space by focusing on interoperability. The Cosmos network enables different blockchains to communicate and share data with each other, creating an ecosystem where various blockchain projects can operate seamlessly. This focus on interoperability is crucial for the future of decentralized finance (DeFi) and blockchain adoption as a whole. What makes Cosmos stand out is its ability to connect multiple blockchains, allowing them to work together in a decentralized and scalable manner. For instance, a company that operates on Ethereum might want to integrate with a supply chain management system built on Cosmos. Thanks to Cosmos’ Inter-Blockchain Communication (IBC) protocol, this is possible without the need for a centralized intermediary. This kind of cross-chain communication is a big deal for businesses, as it opens up new possibilities for collaboration and data sharing across different blockchain ecosystems. Cosmos has also made strides in scalability with its Tendermint consensus algorithm, which ensures faster transaction processing times without sacrificing security. For developers, this means they can build applications that scale effectively without the bottlenecks often seen on congested blockchains like Ethereum. This scalability makes Cosmos an attractive solution for projects looking to expand quickly, giving it a solid market position among top blockchain platforms. As one of the best cryptos to join for short term profits, Cosmos is worth considering for those looking to capitalize on its growing ecosystem. As more projects integrate with Cosmos, the demand for its native token, ATOM, is likely to increase, driving value for community members who get involved early. Cardano: A Blockchain Platform Focused on Sustainability and Innovation Cardano is one of the most well-known blockchain platforms, widely regarded for its scientific approach to blockchain development. Unlike many other blockchain projects, Cardano prioritizes sustainability, security, and scalability through rigorous academic research and peer-reviewed development. As a result, Cardano has attracted a dedicated following of backers who believe in its long-term potential. One of Cardano’s key features is its focus on smart contracts and decentralized applications. With the launch of the Alonzo upgrade, Cardano introduced smart contract functionality, enabling developers to build decentralized applications (dApps) on the platform. The project’s ecosystem is steadily growing, with Cardano’s unique approach to governance and sustainability appealing to a diverse range of participants. What sets Cardano apart is its commitment to creating a more inclusive financial system. Through partnerships and collaborations with governments and institutions, Cardano is working to bring blockchain technology to the masses, particularly in developing countries. By focusing on real-world use cases, Cardano is positioning itself as a go-to platform for those looking to adopt blockchain technology for social good. As one of the best cryptos to join for short term profits, Cardano’s strong market position and innovative approach to blockchain technology make it a solid choice for participants. With its growing ecosystem and focus on long-term sustainability, Cardano has the potential for both short-term and long-term success. Conclusion Qubetics, Cosmos, and Cardano all stand out as top contenders for the best cryptos to join for short term profits this month. Whether you’re drawn to Qubetics’ presale momentum and its innovative QubeQode IDE, Cosmos’ game-changing interoperability, or Cardano’s sustainable and scalable blockchain ecosystem, each of these projects offers unique opportunities for growth. For those looking to get involved in the fast-moving world of blockchain, these three projects are worth considering as part of a diversified portfolio. Qubetics, in particular, stands out for its explosive presale growth and high ROI potential. With analysts predicting major returns for early adopters, the opportunity to get involved at this stage is one that shouldn’t be missed. For those looking to capitalize on the best cryptos to join for short term profits this month, these three projects are excellent options. Get involved today and start reaping the rewards! For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs 1. What makes Qubetics’ presale a top opportunity for short-term profits? Qubetics’ presale is a prime opportunity for short-term profits due to its impressive momentum, with over $15 million raised and more than 499 million $TICS tokens sold. The ongoing presale offers early adopters the chance to purchase tokens at $0.1074, with analysts predicting a potential 830% ROI once the token reaches $1 after the presale. The QubeQode IDE feature and the growing ecosystem make Qubetics a compelling investment for those looking to see significant returns in a short time. 2. How does Cosmos contribute to the crypto ecosystem? Cosmos is revolutionizing blockchain interoperability by enabling different blockchains to communicate with one another through its Inter-Blockchain Communication (IBC) protocol. This allows projects to work together seamlessly, offering more efficient and decentralized solutions. Cosmos’ scalability and focus on creating a connected blockchain ecosystem make it an attractive choice for community members seeking a long-term platform with short-term profit potential. 3. Why is Cardano considered a top crypto for short-term profits? Cardano has gained recognition for its rigorous, peer-reviewed development and its strong market position in the blockchain space. With the introduction of smart contract functionality through the Alonzo upgrade, Cardano has become an appealing platform for decentralized applications (dApps). Its commitment to sustainability and its growing ecosystem offer strong growth potential for backers looking for short-term profits while supporting a long-term vision for blockchain adoption. The post Best Cryptos to Join for Short-Term Profits? Qubetics QubeQode IDE, Cosmos’s Interoperability and Cardano’s Smart Contracts appeared first on TheCoinrise.com .
According to recent reports from Bitcoin.com, a North Korean hacking group has amassed a staggering 13,562 BTC, which is currently valued at approximately $1.14 billion. This substantial accumulation has positioned
Trump-backed crypto investment firm World Liberty Financial has raised $590M in the $WLFI token sale. The total token supply is capped at 100 billion. Out of this, 20% of the tokens (20 billion) were made available for sale in October at a price of just $0.015. The initial sale experienced slow demand. However, after the launch of $TRUMP and $MELANIA, the Trump family’s in-house meme coins, the $WLFI token sale also took off. The first round raised around $300M. Another 5 billion tokens were then opened for sale at $0.05 per token, raising $250M. In addition to this $550M, Tron founder Justin Sun has invested $30M in the project, while Web3Port invested $10M. This investment made Justin an advisor of the project. Zak Folkman, the co-founder of WLFI, has said that the project intends to put 63% of the total supply for sale. Right now, only 25% of the tokens have been sold. This suggests that more rounds of token sales are coming at a possibly higher price. The Growing Stablecoin Supply You might be wondering why the WLFI token sale is crucial to the crypto markets. Well, there are a couple of reasons. Firstly, the fund is backed by Trump himself, who has gone all pro-crypto since his appointment as the president. A more technical second reason is that World Liberty Financial is a big promoter of US-backed stablecoins and DeFi applications. It wants to strengthen the US dollar. This is also evident with WLF’s current portfolio. Out of a total investment of $98M, $19.83M is held in stablecoins ($13.58 in USDT and $6.25M in USDC). That’s around 20% of the total portfolio value. The total market stablecoin supply is now around $219B, which suggests that the current cycle has still not exhausted its potential and that we’ve only reached midway. If you look at past data, the supply during April 2022 was $187B before the markets went bearish. We’re already past that, and the supply is still increasing. This increase is also propelled by declining crypto conditions, where institutional investors are adding crypto assets to their portfolio at throw-away prices. These attractive prices have meant that the supply isn’t declining. $ETH has seen more than a 50% decline in the last 3 months. In fact, WLFI holds $41M worth of ETH (40% of its portfolio). Everyone’s ravenous for a piece of the crypto pie, and this is bound to translate to higher price points for the best altcoins and a potential rally. If you’re looking to maximize your gains, consider investing in the best crypto presales , which are high-potential tokens at their cheapest ever rates. 1. BTC Bull Token ($BTCBULL) – Best Presale to Rally Behind Bitcoin’s Success Story The POTUS himself being a participant in the crypto hype is undoubtedly one of the biggest positives for the industry. And given that Bitcoin is at the helm of the crypto market – other coins follow the larger $BTC trend, after all – a new and innovative Bitcoin-based meme coin like BTC Bull Token ($BTCBULL) is possibly the best crypto to invest in right now. $BTCBULL separates itself from other tokens by being the only project that gives out free Bitcoins to its token holders. Yep, you read that right. You will receive an airdrop of $BTC as a token of appreciation for your loyalty if you purchase and hold $BTCBULL in Best Wallet . Another masterstroke by the BTC Bull Token team is that they’ve tied the Bitcoin airdrops to $BTC’s price. There will be $BTCBULL airdrops every time Bitcoin surges past a new milestone, like $150K, $200K, and $250K. Combined with regular token burns (after every $25K jump in Bitcoin’s price, to be precise), BTC Bull Token has ensured the price of its token continues to rise. As anticipation for an airdrop rises, so will $BTCBULL’s price. Luckily for you, $BTCBULL is currently in presale, meaning it’s the cheapest it could ever be. Just $0.002415 at the time of writing. Here’s how you can buy BTC Bull Token and join the $3.6M+ club. 2. Best Wallet Token ($BEST) – Top New Presale Belonging to the Best Crypto Wallet Quite naturally, the increased investor attraction towards crypto means folks are hungry for privacy-conscious crypto wallets that can store their prized possessions with utmost security. This is where the Best Wallet Token ($BEST) becomes a crypto worth buying . It is, after all, the native token of the highly secure and user-friendly crypto wallet, Best Wallet . Best Wallet is a non-custodial and multi-chain crypto wallet that leverages Fireblock’s MPC-CMP wallet technology, along with state-of-the-art 2FA/MFA, to ensure none other than you can access your funds. Buying $BEST tokens not only gives you a piece of the Best Wallet’s success, but it also comes with a handful of unique benefits, such as: No gas fees on Best Wallet Handsome airdrop and staking rewards Early-bird access to the best meme coins Regular market updates and access to real-time charts The $BEST presale has already raised over $11M and still shows no signs of slowing down. Each token is currently available for just $0.02435. Here’s how to buy $BEST . 3. Lightchain AI ($LCAI) – Aims to Build Secure Blockchains Lightchain AI ($LCAI) is proof that the crypto-AI relationship can bear sweet fruits. It’s a project that combines blockchain (Proof of Intelligence) and AI (Artificial Intelligence Virtual Machine) technologies to build new blockchains that are the epitome of security. Lightchain AI will work by rewarding users who make meaningful contributions to AI development. However, the contributions must me made in a way that they don’t hamper the network’s security. The token is in Stage 15 of its presale, which has so far amassed nearly $18M. 1 $LCAI is currently selling for only $0.007125. However, interested investors shouldn’t delay their purchase because there will be a price increase as the token enters the next presale stage. Final Verdict – DYOR Trump is undoubtedly pro-crypto, as evident by his own participation and push for crypto-friendly regulations in the US. However, some of the decisions he takes for the larger US economy – the tariffs, for instance – stand to have a major impact on crypto’s health. So, while the long-term outlook for crypto screams bullishness, the journey to the top could be one filled with choppiness and heavy volatility. That’s why it’s important to be smart about your crypto investments and only pour in an amount you’re comfortable sidelining. Lastly, you must always do your own research before investing – or perhaps even consult a professional for advice. None of the above is meant to be financial advice, by the way, as we merely put out our honest insights.
On March 16th, COINOTAG News reported that analyst Timothy Peterson has highlighted a significant insight through his latest chart analysis regarding Bitcoin. He suggests that Bitcoin is on the brink