Historic Bitcoin (BTC) Breakdown Against Gold

For years, Bitcoin’s performance relative to gold has been viewed as a macro-level confidence indicator. The narrative of Bitcoin as “digital gold” relied in part on this steady long-term trend. Losing that structure may suggest that the market is reassessing how it values Bitcoin as a store of value.

On-chain analyst Willy Woo argues that the timing of the breakdown coincides with growing awareness of quantum-related vulnerabilities. Bitcoin’s security model relies on ECDSA cryptography. In theory, a sufficiently advanced quantum computer running Shor’s algorithm could derive private keys from public keys. While this is not currently feasible, projections suggest it could become a realistic threat within 5 to 15 years.

The 4 Million Bitcoin Question

Fund manager Justin Bons suggests that markets may already be starting to price in this long-term technological risk. Estimates indicate that roughly 4 million older or lost BTC could be exposed in a quantum scenario. If those coins were suddenly accessible, the resulting supply shock would not be reflected in existing valuation frameworks.

This introduces a new layer of uncertainty beyond macroeconomic trends or ETF inflows. Instead of liquidity or monetary policy, the concern centers on a foundational technological vulnerability.

Key Price Levels and Ongoing Uncertainty

Bitcoin is currently trading near $68,000 but struggling to generate sustained upward momentum. The $66,500 level stands out as critical support. A breakdown below that area could open the path toward the $55,000 range.

Although developers are discussing quantum-resistant upgrades, no definitive roadmap has been finalized. Until a standardized solution is implemented across the network, the quantum narrative may continue to cap long-term valuation expectations.

This content is not investment advice. Cryptocurrency markets involve significant risk, and individuals should conduct their own research before making financial decisions.

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Solana (SOL) Finds Support on the Daily Chart

Solana (SOL) has tested significant support levels on the daily chart, showing strong buyer demand in this region. If the price remains above the current uptrend, the likelihood of reaching new highs increases.

However, if daily closes occur below the trend, the price may pull back to the $160 – $150 range. This area could provide another opportunity for accumulation before a potential recovery.

Resistance Levels Clearly Defined on the 4-Hour Chart

In the short term, Solana (SOL) faces key resistance levels. If it manages to secure stable closes above $220, the price could target $245 first, followed by $300.

To gather liquidity, the price may occasionally dip below the daily trend. However, these pullbacks could be followed by strong recovery moves.

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For Solana (SOL) to sustain its bullish momentum, technical indicators must support the trend. A significant increase in volume and breaking resistance levels would provide key confirmation signals.

On the other hand, if the daily trend is broken with a close below, the current analysis could become invalid, leading to lower price levels. In particular, closing below $150 may increase selling pressure.

Is Solana (SOL) Entering a Bull Run?

It is difficult to make definitive statements in the crypto markets, but technical indicators are giving strong bullish signals for Solana (SOL). If resistance levels are breached and market interest grows, Solana could continue to rise as one of the leading altcoins.

Monitoring these critical levels and closely tracking price movements will be crucial for Solana (SOL) investors. If technical indicators and market dynamics align, Solana could overcome key barriers and reach new highs.

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The post Solana (SOL) in an Uptrend! What Are the Key Levels? appeared first on Coin Engineer.

Bitcoin Key Levels for the Day

The BTC/USDT pair has dropped by 7.18% in the past 24 hours and is currently trading at $94,511. Bitcoin (BTC) is hovering around the $94,700 zone we highlighted in previous analyses. If it manages to rise, the next resistance level is $97,362. The support levels are $93,138 and $92,236.

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Ethereum (ETH): The ETH/USDT pair has lost 11.59% in the last 24 hours and is now trading at $3,244. For ETH, the resistance levels are $3,440 and then $3,535, while the support levels are $3,290 and $3,217.

Binance Coin (BNB): The BNB/USDT pair dropped by 8.24% in the past 24 hours and is trading at $640. For BNB, the resistance levels are $1,238 and $1,273. On the downside, the support levels are $1,064 and $0.993 if the decline deepens.

Hyperliquid (HYPE): The HYPE/USDT pair has decreased by 8.16% in the past 24 hours and is now trading at $23.61. Resistance levels for HYPE are $26.36 and then $29.07, while support levels are $22.89 and $21.41 in case of further decline.

Bitcoin Cash (BCH): The BCH/USDT pair has plummeted by 16.72% in the last 24 hours and is currently trading at $404.63. For BCH, the resistance levels are $451.7 and $487, while the support levels are $402.5 and $386.7.

Trending Coins

Among the most trending coins in the crypto market over the past 24 hours are Akuma Inu (AKUMA), LUKSO (LYX), and Pudgy Penguins (PENGU). The top gainers include Moca Coin (MOCA), Horizen (ZEN), and Zerebro (ZEREBRO). On the other hand, the biggest losers are Convex Finance (CVX), Gigachad (GIGA), and Morpho (MORPHO).

Bitcoin Liquidation Map

Examining Bitcoin’s 12-hour liquidation map, the most notable liquidation on the upside is $50 million at the $96,404 level. On the downside, a liquidation of $21.7 million is observed at $93,722.

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Approximately 18 days ago, we talked about which levels Ethereum will target above 2070 dollars and the potential start of a downtrend under 2070 dollars. Now we will assess the changes that have occurred within these 18 days. We will discuss possible drops to what levels.

As a result, in the last 18 days, Ethereum (ETH) prices tested the 2070 dollar levels but struggled to surpass this level. Technical indicators point towards a possible downward trend, however, market conditions can change rapidly. Monitor the price chart on support levels closely and devise an investment strategy aligned with overall market dynamics. Stay updated with the market and refer to the article below for a precise assessment based on current data.

Double Top Formation in Ethereum

When we examine the Ethereum chart from a broad perspective, we observe an ascending trend ongoing for 527 days since June 18, 2022. However, the fact that Ethereum has recently struggled to find support above 2070 dollars indicates the formation of a double top formation in this zone.

This condition implies a possibility of a decline down to approximately 1945-1929 dollars. Without robust buyer pressure here, Ethereum might reach the double top formation target at $1745.

The post Has The Trend Changed in Ethereum? appeared first on Coin Engineer.

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Trend identification

If observed, we may perceive that within an existing upward or downward trend, there are price fluctuations that sometimes seem to be in line with the trend, additionally sometimes seem randomly formed. However, even these seemingly random formations are actually under the influence of the prevailing trend, and they are using the derivatives of the trend in some way.

Parallel Formation

The use of the parallel lines drawn is quite simple. Also these lines can be considered as the levels at which supply and demand change, reversing the current fluctuation in prices at that moment. In this form, each parallel line acts as support and resistance, which shows us the buy and sell levels.

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Trend Within Trend

As we clearly observe in the above figure, a secondary trend emerged towards the end of the uptrend, significantly impacting the price.

Residue of Past Parallels in Technical Analysis

In the above figure, after the formation of the Ave B bottoms and the combination of these points, you can see on the left side, the parallels that we searched for.

Violations in Parallels

The figure portrays a clear upward trend confirmed at nearly every point, illustrating it with straight lines. It’s important to note an unusual formation at point A, which deviates from the typical pattern.

However, what is important here is whether this unusual sagging can form a new trend. Normally, the answer to this should be “no”.

However, if you have drawn a trend line in which such a violation exists, instead of ignoring or completely forgetting this violation, it is an important step in graphical analysis to draw a separate trend line with dashed lines to indicate the violation.

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