Crypto news

Our esteemed analyst, ChartNerd (ah, the irony of his name!), has duly noted the parabolic curve of this coin-a structural marvel indeed! Even after fits and starts, it remains intact, refusing to succumb to the whims of fate. The long-term wave pattern, secured by the ever-valuable EMAs of 20 and 55, whispers to us that the uptrend has not been obliterated, despite life’s recklessly chuckling pullbacks. Ah, but can we dare to dream of targets ranging from $1.50 to the ethereal $3.30? And heaven forbid the audacity of the $8.00 mark-the realm of pure euphoria, where traders frolic like madmen during a bull run! 🐂

Bitcoin, that digital phoenix, fluttered with a modest gasp Sunday, as U.S. President Donald Trump, in his theatrical grandeur, softened his thunderous tirades against the trade war with China. By Monday’s golden hour, it had redeemed nearly 46% of its sorrowful slips from Friday, dancing above $115K at the stroke of my quill.

Moreover, old sport, Bitcoin has been bobbing about between $113,696 and $115,792 since Sunday, after last week’s market shenanigans. The price has been loitering between $114.8K and $115.3K into the U.S. afternoon on Oct. 13, as if it’s waiting for the tea to brew. 🫖

Behold, the United States, the so-called beacon of progress, has allowed its political theater to freeze the gears of innovation. Sixteen crypto ETF applications, tied to the likes of Bitcoin, Solana, XRP, and Litecoin, lie dormant, victims of a stalemate between the grand puppeteers of Capitol Hill. 🦹‍♂️ And let us not forget the 21 additional applications submitted in October’s fleeting optimism-now mere ghosts in the machine.

Much like a well-brewed pot of Earl Grey, sustained stability above a delightful $1.6 trillion market cap, paired with a rising Altcoin Season Index, could herald the dawn of a new altcoin fiesta.

Its bounce back seems as solid as a chocolate factory roof, but oh dear, my dear reader, those sneaky on-chain spells and chart whispers are muttering that the next trick might be a mischievous dip before soaring off again. A little holiday for the price, perhaps?

At present, our protagonist trades at a modest $115,200, flirting with resistance levels near $117,500-$120,000, while clutching desperately to support at $110,900. JA Maartunn, that sage of on-chain data, declares it a fragile affair-a failed weekly breakout, no less-reminiscent of November 2021, when buyer fatigue first reared its tedious head. 🧐📉

But hold onto your hats, folks! Altcoins have decided to throw a grand party, with Ethereum rocketing up to $2,400 and BNB saying, “Top this!” by smashing its all-time high. And who said the crypto world was boring? 😜

It’s fascinating, isn’t it? Just a mere day before, the market had been in a fit of hysteria. A flash crash, the likes of which would make even the calmest of traders clutch their pearls, sent the market spiraling. But BNB? It looked at the chaos and thought, “Not today, friends.” Despite dipping to $1,024, BNB showed resilience that would make a cockroach in a nuclear apocalypse jealous.

Arbitrum (ARB) and Immutable (IMX) followed suit, their gains a mockery of the despair that gripped lesser tokens. Even Polygon (POL) managed an 8% rebound, though it clings to hope like a man to a frayed rope. Analysts, those modern-day soothsayers, point to Mantle’s growing utility within the Bybit exchange ecosystem-a sanctuary in the storm of volatility. 📈✨