Is Bitcoin’s Bull Run Confirmed? Not Until It Clears This $88k Hurdle
Bitcoin’s current cycle shows strong similarities to the structural resets seen in both 2017 and 2021.
Key market indicators, like the relationship between Bitcoin and market volatility (BTC/VIX ratio) and the total crypto market capitalization on weekly charts, are showing alignments similar to those seen near previous important market shifts. These past major price adjustments acted as more than just downturns; they effectively reset the market before subsequent major upward trends began.
Looking at the bigger picture, Bitcoin’s price history reveals a repeating multi-year structure. Typically, strong upward legs driven by widespread excitement eventually end in steep price drops (historically sometimes over 80%-85% from the peak).
Following these major drops, were the quieter periods where, dedicated long-term investors used to steadily keep buying, laying the groundwork for the next significant climb. Examples include the lows reached around $200 after 2013, near $3,000 after 2017, and around $16,000 following the 2021 peak.
Related: Why Bitcoin Needs More Than Just LTHs Starting to Buy for a Real Rally
The 2025 structure now shows a familiar rhythm: after topping above $100,000, Bitcoin dropped sharply to below $80,000, driven by macroeconomic stress and heightened geopolitical risks. Importantly, this pullback has brought prices into zones where significant buying emerged in past cycles, potentially preparing the ground for the next upward trend.
Bitcoin is currently trading near $85,050, working its way back up from recent lows of $74,436. On the 4-hour chart, the price has pushed above the descending trendline, now in the immediate overhead supply concentrated between $84,200 and $85,700.
The Relative Strength Index (RSI) sits around 59.58, suggesting moderate buying energy present without the market being excessively overheated. Fibonacci retracement levels, for instance, offer clearer targets: $85,700 (0.786), $88,700 (1.0), and $97,600 (1.618), with potential upside to $111,900 (2.618) if the trend continuation is confirmed.
A daily close above $88,000 stays as the critical threshold for bullish validation. On the downside, key support levels sit at $82,000, followed by $79,900 and $77,800.
The market structure, coupled with on-chain indicators and historical cycle patterns, suggests Bitcoin may be entering a pressure build-up phase ahead of another expansion.
However, confirmation will depend on volume, breakout strength above $88,000, and the sustained return of institutional buying. If history repeats, Bitcoin’s path to $150,000 might already be underway.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Even though I’ve mentioned a few times that I hold $SERV, I never really made an official call, so here it is.
I’ve been steadily loading up $SERV over the past month with an average entry around 17–18M market cap.
The reason is simple, in terms of tech, there’s really no other project that comes close to them in the #AI multi-agent narrative. If you’re deep into the AI side of things, I highly recommend checking out their docs.
Another bonus is 0/0 tax and has deep liquidity, which made it an ideal pick for me to buy with size.
Finally, the way the project is being handled is like a real company in terms of professionalism, it does not mean it will make 1b$ market cap, but definitely a very good sign.
NFA, just a personal opinion.
Another FTX Victim? Taiwan’s Steaker Platform Executives Face Charges
Taiwanese authorities have charged four senior executives of digital asset management platform Steaker for allegedly raising NT$1.48 billion ($45.8 million) through unauthorized cryptocurrency investment schemes. The Taipei Prosecutors’ Office confirmed the charges Thursday, pointing to Banking Act rules about taking deposits without a license.
Steaker founder Huang Weixuan, Chief Technology Officer Xiu Minjie, Chief Marketing Officer Lu Tianxin, and Chief Operations Officer Pan Yiting face charges over the operation.
The prosecution has requested the court to penalize the company under the Banking Act. However, Huang, who has been released on bail, also faces additional charges for financial misconduct involving investor funds.
According to prosecutors, Steaker operated multiple virtual currency investment plans beginning in 2019, promising investors returns ranging from 3.5% to 88% annually. The company raised funds in Tether, Bitcoin, and Ethereum while claiming the investments were protected by a user asset security fund, or SAFU, in partnership with security firm CYBAVO.
Related: Avoiding Another FTX? Vanuatu Adviser Explains New Crypto Law’s Goal
The charges allege that Steaker assured investors of principal and interest protection, a practice regulators have interpreted as deposit-taking without appropriate licenses. Over three years, the plans reportedly attracted hundreds of millions of dollars in New Taiwan.
Investigators report that once investor funds reached a certain threshold, they were transferred to wallets under Huang’s control on FTX. According to the prosecution, these funds were used for profitable trading and high-return lending to capture price differences.
And when FTX collapsed in November 2022, Steaker thereby lost access to its funds and could not meet investor obligations. Additional findings show that a portion of the virtual assets were redirected from FTX to private currency traders and used to cover salaries for Steaker employees.
Huang Weixuan responded to the charges in a Facebook post, stating that Steaker’s multi-chain asset flow and operations model should not be classified as money laundering.
Related: North Korea’s Crypto Scheme: IT Worker Disguise Funds Military
The company also expressed concern over prosecutors’ interpretation of the Banking Act, particularly their decision to equate virtual assets with legal tender under the law.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Multichain 社群媒體數據
過去 24 小時,Multichain 社群媒體情緒分數是 3,社群媒體上對 Multichain 價格走勢偏向 看漲。Multichain 社群媒體得分是 0,在所有加密貨幣中排名第 671。
根據 LunarCrush 統計,過去 24 小時,社群媒體共提及加密貨幣 1,058,120 次,其中 Multichain 被提及次數佔比 0%,在所有加密貨幣中排名第 1037。
過去 24 小時,共有 59 個獨立用戶談論了 Multichain,總共提及 Multichain 2 次,然而,與前一天相比,獨立用戶數 減少 了 11%,總提及次數減少。
Twitter 上,過去 24 小時共有 1 篇推文提及 Multichain,其中 0% 看漲 Multichain,0% 篇推文看跌 Multichain,而 100% 則對 Multichain 保持中立。
在 Reddit 上,最近 24 小時共有 0 篇貼文提到了 Multichain,相比之前 24 小時總提及次數 減少 了 0%。
社群媒體資訊概況
3