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Bitcoin Price Stuck In Consolidation—Is a Big Move Coming?

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Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term.

  • Bitcoin started a fresh increase from the $94,200 zone.
  • The price is trading above $96,500 and the 100 hourly Simple moving average.
  • There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another increase if it clears the $98,500 zone.

Bitcoin Price Eyes Fresh Increase

Bitcoin price extended losses below the $95,000 support level. BTC tested the $94,200 zone. A low was formed at $94,111 and the price recently started a fresh increase within a range.

There was a move above the $95,000 and $96,000 levels. The price cleared the 50% Fib retracement level of the downward move from the $98,440 swing high to the $94,111 low. There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading above $96,500 and the 100 hourly Simple moving average. It is also above the 61.8% Fib retracement level of the downward move from the $98,440 swing high to the $94,111 low.

Bitcoin Price
Source: BTCUSD on TradingView.com

On the upside, immediate resistance is near the $98,000 level. The first key resistance is near the $98,500 level. The next key resistance could be $99,500. A close above the $99,500 resistance might send the price further higher. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $100,500 level or even $102,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $98,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $97,200 level. The first major support is near the $96,750 level.

The next support is now near the $96,200 zone. Any more losses might send the price toward the $95,000 support in the near term. The main support sits at $94,200.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $96,200, followed by $95,000.

Major Resistance Levels – $98,000 and $98,500.



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WLD Token Surges 5% After OpenAI’s New AI Model Reveal

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OpenAI CEO Sam Altman has unveiled the company’s roadmap for its upcoming AI models, GPT-4.5 and GPT-5.

The announcement demonstrates an effort to simplify OpenAI’s product offerings and enhance user experience amid mounting competition.

Open AI CEO Reveals New AI Models

In a post on X, Altman revealed the company’s plans for new AI models, focusing on simplifying product offerings.

“We want AI to ‘just work’ for you; we realize how complicated our model and product offerings have gotten. We hate the model picker as much as you do and want to return to magic unified intelligence,” he wrote.

According to Altman, GPT-4.5, internally known as Orion, will be OpenAI’s final non-chain-of-thought model. This decision comes as the company looks to transition toward a more unified AI approach. The next major release, GPT-5, will integrate OpenAI’s technology stack, including the o3 model, and be available across different tiers of ChatGPT.

Free-tier users will get unlimited access to GPT-5 at a standard intelligence level. Plus and Pro subscribers will have access to increasingly advanced versions.

Following Altman’s announcement, Worldcoin’s WLD token surged nearly 5% before profit booking occurred. This suggests investors and traders reacted positively to OpenAI’s development and anticipate the potential for greater AI adoption and integration across industries.

WLD Price Performance
WLD Price Performance. Source: BeInCrypto

Meanwhile, Altman’s remarks come just days after reports surfaced about a massive $97 billion takeover bid for OpenAI. As BeInCrypto reported, Elon Musk, who co-founded OpenAI before departing in 2018 due to strategic disagreements, is reportedly leading an investor group attempting to acquire the company.

This move could significantly alter OpenAI’s trajectory, considering Microsoft’s existing $13 billion investment. Nevertheless, Altman already dismissed Musk’s bid.

“No thank you but we will buy Twitter for $9.74 billion if you want,” Altman said.

Elsewhere, while OpenAI is making strides, a formidable new competitor has emerged. DeepSeek is a Chinese AI startup that has quickly captured global attention. Its rise has sent shockwaves through the AI and cryptocurrency markets, causing significant volatility.

DeepSeek’s disruptive potential is not limited to AI—it has also rattled Nvidia and crypto mining stocks. With its aggressive push into AI, analysts fear DeepSeek could undermine OpenAI’s dominance in the AI sector.

OpenAI’s next steps with GPT-4.5 and GPT-5 will be crucial as the artificial intelligence arms race intensifies. With Musk’s acquisition bid looming and DeepSeek threatening to reshape the AI playing field, the coming months could redefine the sector’s future.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Finds Stability—Can It Turn Higher from Here?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
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At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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BNB Soars to New Heights – Outpaces Solana in Market Cap

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BNB, the native crypto for the BNB chain, has experienced a significant surge in market capitalization, surpassing Solana (SOL).

It follows Binance exchange’s recent streak of headlines fueled by its founder and former CEO, Changpeng Zhao (CZ).

BNB Market Cap Outperforms SOL

Over the past week, BNB’s price has increased by 13%, elevating its market cap to over $104 billion, thereby flipping SOL.

Binance’s founder and former CEO, Changpeng Zhao (CZ), commented on this development, reflecting a forward-looking perspective. He emphasized that this milestone is merely an early step in a broader

“Not a competition. But just the beginning,” CZ remarked.

Top 6 Coins By Market Cap
Top 6 Coins By Market Cap. Source: CoinGecko

The BNB Chain’s performance, processing 68.3 million transactions in the past 30 days, further highlights the traction. Data on Dune shows BNB accounts for over 6% of the total transactions, only second to Solana.

With this, it has effectively become the leading Ethereum Virtual Machine (EVM) chain by monthly transactions.

Transaction Count By Blockchain
Transaction Count By Blockchain. Source: Dune

Concurrently, the BNB Chain ecosystem is witnessing a resurgence of meme coins, particularly with the emergence of the Four.meme platform. Data on Dune shows that this platform has facilitated the creation of over 12,000 meme tokens in a single day.

Despite sector competition from Solana’s Pump.fun and Tron’s SunPump, the turnout suggests a growing interest in meme-based cryptocurrencies within the BNB Chain community. Nevertheless, actions such as malicious attacks remain a consistent threat, interrupting platform performance.

As BNB continues its upward trajectory and platforms like Four.meme gain traction, the interplay between technological advancements and market sentiment remains a focal point for industry observers.

Analysts Highlight Technical Bounce for BNB

Meanwhile, BNB also posted the strongest gains among the top 30 cryptocurrencies, surging 12% to around $711. It stood out as one of the few tokens to show positive price movement while the broader market struggled. Crypto analyst Zeus expressed optimism about BNB price, citing CZ’s influence.

“I don’t think everyone is bullish enough on BNB. We’re in peak crime season and CZ is one of the, if not the greatest criminals in the space. Every chart I look at makes me feel more bullish, I think we get a serious move to BNB chain…,” Zeus wrote.

The analyst also suggests a potential shift of investor interest from Solana to the BNB chain due to perceived better efficiency. This, in their opinion, could significantly influence BNB’s price.

Additionally, analysts suggest that listing new meme coins, such as TST and CHEEMS, on Binance might have contributed to the surge. These listings and CZ’s continued promotion of the BNB Chain have strengthened market confidence in the ecosystem.

The increased trading activity on Binance, the world’s largest crypto exchange, may have also played a crucial role in BNB’s recent performance.

BNB Price Performance
BNB Price Performance. Source: BeInCrypto

BeInCrypto data shows BNB is trading for $713.93 as of this writing, representing a nearly 13% surge in the past 24 hours.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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