Altcoin
Bitwise CIO Predicts Altcoin Rally Amid Institutional Crypto Optimism
Bitwise CIO Matt Hougan has broken silence on the retail sentiment in the cryptocurrency market that has remained weak despite growing institutional confidence. The Bitwise CIO believes the market is positioned for long-term growth, with institutional investors increasing their exposure.
While Bitcoin price has performed well, altcoins have struggled, leading to cautious retail sentiment. However, crypto analyst have pointed out that an altcoin Golden Cross has just formed again, a pattern historically associated with an altcoin season rally.
Institutional Investors Show Strong Confidence in Crypto
Institutional investment in cryptocurrency has reached record levels. Bitwise CIO Matt Hougan has highlighted that ETFs and corporations have purchased approximately 100,000 BTC this year, while only 18,000 BTC have been mined. The increasing demand has contributed to Bitcoin price stability and long-term growth potential.
“From a risk-adjusted perspective, this may be the best time in history to invest in crypto,” Matt Hougan stated. He noted that the regulatory environment has improved, allowing large financial firms to participate in the crypto ecosystem with more confidence.
Government support for stablecoins and blockchain innovation has also encouraged institutional adoption. Bitwise CIO believes this shift will extend beyond Bitcoin and eventually drive an altcoin rally as the broader crypto ecosystem expands.
Retail Investors Remain Cautious as Altcoins Struggle
Despite Bitcoin price gains, retail sentiment remains uncertain. Many retail investors prefer altcoins, and their poor performance has led to pessimism. While Bitcoin price has increased 95% over the past year, Ethereum has only risen 2%, and several smaller assets have posted negative returns.
A report from Bitwise’s proprietary crypto sentiment index shows that retail sentiment is near historic lows. Bitwise CIO explained that the absence of an altcoin rally has contributed to this cautious outlook.
“Retail investors typically look for high-growth opportunities, and without a strong altcoin rally, sentiment has remained weak,” he said.
However, market analysts suggest that retail sentiment often lags behind institutional trends. Crypto analyst Lofty, siding with Bitwise CIO has pointed out that the altcoin golden cross has just formed again, a technical indicator that previously signaled major altcoin rallies.
Bitwise CIO Predicts Altcoin Rally
Bitwise CIO believes that an altcoin rally is approaching as institutional adoption increases and regulatory clarity improves. Many altcoins have faced legal uncertainty in recent years, which has slowed adoption. However, recent regulatory developments have made the landscape more stable.
“The best developers and the largest institutions now feel comfortable building in crypto,” Bitwise CIO Matt Hougan said. He pointed to the record growth of stablecoins and the rise of tokenization projects like Ondo Finance as early signs of altcoin adoption accelerating.
Crypto analyst Lofty’s observation of the altcoin golden cross suggests that the market is aligning with previous altcoin rally cycles. Analysts expect capital rotation from Bitcoin into altcoins, which historically occurs when Bitcoin dominance reaches a peak.
Bitcoin Price Stability and Market Outlook
Bitcoin price remains the dominant factor in crypto market movements. Following a hotter-than-expected CPI report, Bitcoin price saw a brief 1.9% decline, trading at $95,340 as of February 11, 2025. However, institutional demand continues to support prices, making further long-term growth likely.
Meanwhile, the total altcoin market cap declined by $234 billion in two weeks, marking one of the largest downturns in recent history. However, Bitwise CIO sees this as an opportunity rather than a long-term setback.
“Altcoin adoption is growing, and the structural changes happening today will drive the next major altcoin rally,” Bitwise CIO Matt Hougan stated. He noted that upcoming FTX repayments, expected to inject $18 billion in liquidity, could fuel an altcoin rally as capital re-enters the market.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Analyst Says It’s Time To Buy Bitcoin Again After Cup And Handle Pattern, Reveals New ATH Target
After experiencing bearish declines and volatility, Bitcoin (BTC) is finally looking bullish, with a crypto analyst forecasting a breakout to a new all-time high target. After identifying a Cup and Handle pattern on the Bitcoin chart, the analyst announced to investors and traders that now may be the time to buy BTC.
Bitcoin Price Targets New All-Time Highs
In a detailed Bitcoin price chart, CobraVanguard, a TradingView crypto analyst, highlights the formation of a textbook Cup and Handle pattern. This technical pattern is a well-known bullish continuation indicator, signaling that momentum may be building up and that Bitcoin may be on the verge of a strong price rally.
Interestingly, the chart also shows other key technical indicators. An Ascending Triangle pattern, characterized by a flat upper resistance line and a rising lower trendline, was found. This technical pattern is another bullish formation often preceding a rally, signaling increased buying pressure.
Speaking of buying pressure, CobraVanguard highlights that the emergence of two bullish technical patterns on the Bitcoin chart may be an indication to buy and HODL. With the price below $100,000 and currently trading at $95,806, an impending price rally would mean that now may be the most optimal time to enter the market.
Based on these patterns, the TradingView analyst has set a new target for Bitcoin. He forecasts the pioneer cryptocurrency will reach $120,000 in the coming weeks. This would mark a new all-time high, surpassing previous market peaks obtained earlier this year.
Notably, CobraVanguard has also identified an AB=CD harmonic pattern on the chart in addition to a Cup and Handle and Ascending Triangle pattern. This AB=CD indicator suggests symmetry in the Bitcoin price movements and signals a measured move to the upside once the pattern is complete.
Although the TradingView analyst predicts that the asset could hit $120,000, he highlights that if its breakout from the aforementioned bullish patterns persists, a higher target of $124,619 could be reached.
Whales Go On Massive BTC Buying Spree
The Bitcoin buying pressure persists, as whales are snapping up as much BTC as they can during its current downtrend. These deep-pocketed investors are known for making strategic buys, often entering the market during volatile and declining periods and then selling at market peaks.
According to new reports from Coinvo on X (formerly Twitter), Bitcoin whales are currently buying “an insane” amount of BTC. Sharing a detailed chart depicting Bitcoin’s inflows to accumulation addresses, Coinvo highlights a sharp increase in inflows, suggesting that whales are actively buying BTC in large quantities.
This behaviour is often seen before potential price rallies, as accumulation tends to drive demand higher. As a result, Coinvo has indicated that the increased whale activity may be a sign to start buying BTC.
Featured image from Unsplash, chart from Tradingview.com
The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday. Intriguingly, PancakeSwap (CAKE) led the market gains today, surging by a staggering 59%.
Here’s a brief collection of the most buzzworthy coins for the day and how they are performing in the market.
Crypto Prices On February 13: BTC & Altcoins Rise Despite Hot US CPI
Despite the U.S. CPI data coming in hotter than expected for January (at a 3% YoY basis), the crypto market has shown signs of recovery, sparking speculation among traders and investors globally. For context, usual market sentiments convey concerns surrounding risk assets like crypto amid rising inflation data.
However, BTC and altcoins took an upward trajectory, with the global cryptocurrency market cap rising 2.91% to $3.23 trillion. Further, even the global market volume saw a 24.91% increase to $130.06 billion.
Bitcoin Price Jumps 2% To $97K
BTC price witnessed a 2% uptick in the past 24 hours and is now trading at $97,539. The coin’s intraday low and high were $94,101.20 and $98,151.03, respectively. Bitcoin’s dominance over the past day witnessed a 0.54% decline, indicating that altcoins led the market gains today.
Ethereum Soars 6%
ETH price witnessed a 6% pump in value in the past 24 hours and is now trading at $2,742. The coin’s 24-hour low and high were $2,551.17 and $2,794.87, respectively. Intriguingly, the coin soars alongside the broader crypto market trend, while 21Shares’ recent proposal to offer services related to staking on spot ETH ETF products appears to have further boosted the market sentiment.
SOL & XRP Follow Crypto Market Trend
Simultaneously, SOL and XRP prices have mimicked the broader market trend, trading in the green zone today. XRP price gained nearly 4% in the past 24 hours and is now trading at $2.48. Its intraday bottom and peak were $2.35 and $2.49, respectively. SOL price jumped nearly 1% intraday and is now sitting at $197.55. The coin’s intraday low and peak were $189.61 and $198.45, respectively.
Meme Crypto Prices Today
Also, Dogecoin (DOGE) price surged above 5% over the past day, reaching $0.2646. Further, Shiba Inu (SHIB) rose by 8% to $0.00001682. Even PEPE & TRUMP prices increased by 2%-7%, reaching $0.00001012 and $15.60, respectively.
Top Crypto Gainer Prices Today
PancakeSwap (CAKE)
Price: $3.15
24-Hour Gains: +59.21%
Onyxcoin (XCN)
Price: $0.0253
24-Hour Gains: +22%
Jito (JTO)
Price: $3.07
24-Hour Gains: +17%
Top Crypto Loser Prices Today
Bitget Token (BGB)
Price: $5.93
24-Hour Loss: -5%
DeXe (DEXE)
Price: $18
24-Hour Loss: -4%
Helium (HNT)
Price: $3.77
24-Hour Loss: -1%
Overall, the broader crypto market today remains optimistic as prices show signs of a potential recovery. Besides, crypto analyst Ali Martinez highlights on X that the current resistance for BTC is at $97,530, although the coin traded above this level as of press time. A sustained momentum above this could result in further gains, driving broader market growth back near previous highs.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Technical analysis shows that Dogecoin is looking to break out from a key structure zone near $0.26, which could cause a change in market momentum. This technical outlook comes amidst a bearish week for DOGE, which has seen it breaking below support levels and erasing its gains throughout January.
According to a technical analysis of the TradingView platform, Dogecoin is about to break out of a robust pattern that could send it on further price increases.
Breakout From Structure Zone, Dogecoin To Rise Above $0.33
Crypto analyst Klejdi Cuni highlighted on TradingView that Dogecoin has moved beyond a robust structure zone, which theoretically opens the door for further price gains. According to the analysis, which is based on DOGE’s price action on the 4-hour candlestick timeframe, the asset had been consolidating in a robust zone between February 5 and February 10 before eventually breaking out of the upper trendline of this zone.
Notably, this zone arose after the meme coin’s decline between February 1 and February 3, which saw it break below $0.22 for the first time since November 2024. This decline was then followed by a brief recovery before Dogecoin eventually settled and started consolidating between $0.23 and $0.26.
According to crypto analyst Klejdi Cuni, this consolidation zone was a robust one. At the time of his analysis, Dogecoin managed to break above the upper trendline of this robust zone, with the analyst noting that it looked solid and a breakout might be next.
However, Cuni cautioned that while Dogecoin has breached this key level, the breakout might not immediately follow through with strong upward momentum. He pointed out that a temporary pause is possible as investors await the testimony from Federal Reserve Chair Jerome Powell, which could influence broader market sentiment before Dogecoin’s next potential move.
Short-Term Price Targets And What Needs To Happen Next
The analyst identified price targets at $0.286, $0.311, and $0.335 after the breakout is confirmed. Breaking above these targets in quick succession will open up the stage for another strong move above $0.335. However, looking at these, they are short-term price targets for Dogecoin in light of a bearish price action in the past two weeks. DOGE had already even traded above these price targets throughout last month, but this is the reality now, given the decline since the beginning of February.
Despite the lack of immediate bullish momentum, Dogecoin has not entered a full-fledged bear market. Many investors are on standby and watching for signs of renewed strength before making their move.
Long-term bullish targets, including the widely speculated $2 level, are still in play as long as Dogecoin can hold above the strong support level at $0.2.
At the time of writing, DOGE is trading at $0.2536, down by 5.3% in the past 24 hours.
Featured image from iStock, chart from Tradingview.com
Analyst Says It’s Time To Buy Bitcoin Again After Cup And Handle Pattern, Reveals New ATH Target
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Ethereum Whales Have Bought Over 600,000 ETH In The Past Week – Time For A Price Upswing?
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BTC Jumps To $97K, ETH Gains 6%, & CAKE Soars 59%
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2.52 Million Altcoins Are Ruining Crypto’s Future
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Crypto exchange BingX hacked for $43 million
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