Autor Cointelegraph By Yashu Gola

Bitcoin (BTC) may rally toward $96,000 by June as institutions absorb more than five times the daily mined BTC supply, according to Capriole Investments founder Charles Edwards.BTC price averages 24% gains after institutional supply squeezeIn a Monday post, Edwards said institutions have been “slurping up 500%+ of Bitcoin’s daily mined supply.”BTC/USD daily chart vs. institutional buying market cap. Source: Capriole Investments Since the April 2024 halving, Bitcoin miners have produced roughly 450 BTC per day, keeping supply growth relatively stable, with its rate of change (ROC, the red line) hovering near 0.0022% as of Monday. In contrast, institutional buying’s ROC (blue) stood near 0.0139%, showing demand momentum rising more than five times faster than new supply growth. Renewed ETF inflows and steady BTC purchases by Michael Saylor’s Strategy have helped drive that demand. They added roughly 70,000 BTC in April, more than approximately 13,500 BTC mined during the same period.US Spot Bitcoin ETF monthly net flows and Strategy’s BTC holding. Source: Glassnode, BitBo.IO”Every time it’s been this high before, price has shot up over the next week,” said Edwards, adding: “The average return in prior cases is +24% over the next 1 month from here, that would take us to around $96K.”Edwards noted that when institutional absorption exceeds 500% of Bitcoin’s daily mined supply, BTC has historically delivered ~24% average gains over the following month, which would put the price around $96,000 by June.Similar targets have also been shared by analyst Michaël van de Poppe, who said Bitcoin may “easily” reach $95,000, citing renewed demand for spot BTC ETFs and other technical factors.Bitcoin sharks accumulate over 61,000 BTC in 30 daysOnchain data shows the supply squeeze extends beyond ETFs and corporate buyers. Bitcoin “sharks,” entities that hold 100–1,000 BTC, have accumulated over 61,000 BTC in the past 30 days, according to data resource Glassnode. BTC shark net position change vs. price. Source: GlassnodeSmaller cohorts, including “fishes” holding 10–100 BTC and “crabs” holding 1–10 BTC, are also net accumulators during the same period.BTC fish and crab net position change vs. price. Source: GlassnodeThe data shows that both mid-sized investors and retail participants are steadily absorbing supply, raising BTC’s odds of hitting $96,000 over the next few weeks if the demand persists. Related: Strategy takes Bitcoin buying breather ahead of Q1 earnings reportStill, some analysts warrant caution, citing a prevailing bear flag setup. In a Monday post, trader Bitbull highlighted $60,000–$62,000 as a potential downside target if BTC corrects from the flag’s upper trendline toward the lower trendline. BTC/USD daily chart. Source: TradingView/BitBullA breakdown below the lower trendline may send the BTC price under $50,000.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Dogecoin (DOGE) has outpaced the broader crypto market over the past month, rising roughly 18% versus the market’s 10% gain, as whale accumulation and a bullish chart setup hint at a potential bottom.DOGE/USDT vs. TOTAL crypto market cap 30-day returns. Source: TradingViewKey takeaways:DOGE whale holdings hit a record high as large transactions reached a six-month peak.DOGE’s triangle breakout targets $0.131, with $0.088 as the key invalidation level.DOGE whale holdings hit new high amid April price rallyDogecoin wallets holding at least 100 million DOGE controlled a record 108.52 billion DOGE, worth roughly $11.6 billion, as of late April, compared to under 107.95 billion DOGE in mid-April, according to data resource Santiment.Dogecoin whale transaction count and holdings. Source: SantimentThe accumulation coincided with DOGE’s 23.50% price rebound, suggesting large holders helped support the move.DOGE/USDT weekly chart. Source: TradingViewWhale activity also spiked. On April 28, Santiment recorded 739 Dogecoin transfers worth more than $100,000 in a single day, the highest count in six months. The surge came alongside the launch of 1Shares’ physically backed Dogecoin ETP on Xetra, Germany’s leading electronic trading platform.DOGE triangle breakout points to 20% upsideFrom a technical standpoint, the DOGE price has entered the breakout stage of what appears to be a descending triangle pattern.DOGE/USDT weekly chart. Source: TradingViewIn classical technical analysis, descending triangles signal persistent selling pressure. These structures usually resolve to the downside, but upside breakouts do occur, especially in broader accumulation trends.For instance, BTC formed a multi-month descending triangle in 2021 after the China mining crackdown.BTC/USD three-day price chart. Source: TradingViewThe structure leaned bearish, but price broke above the descending trendline near $35,0000, triggering a squeeze that led to a rally over $52,000 in the following weeks.Applying the same technical rule to DOGE charts puts its upside target for May at around $0.131, up about 20% from the current price. The level aligns with DOGE’s 200-week simple moving average (200-week SMA, the blue line).DOGE/USDT weekly chart. Source: TradingViewSuch a move would push Dogecoin above the average acquisition cost of large DOGE wallets holding more than 10,000 DOGE (green), currently near $0.115. It would also clear DOGE’s aggregate cost basis (black) around $0.132.Historically, reclaiming these cost-basis levels has preceded extended bullish phases, as more holders return to profit and selling pressure eases. DOGE realized price by wallet size. Source: GlassnodeConversely, a rejection near current levels, around the 20-week EMA (green) resistance, would weaken the bullish breakout case. Such a pullback could put DOGE at risk of revisiting its local low near $0.088 in May.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) may undergo a massive rally, based on a recurring gold chart pattern, with gains of up to 180% over the next 12 months.Key takeaways:BTC is up nearly 40% versus gold since March after falling for seven months in a row.Similar BTC/XAU recoveries have historically coincided with Bitcoin bottoms in US dollar terms.BTC may hit $167,250 within a yearThe bullish signal comes from the Bitcoin-to-gold ratio (BTC/XAU), which tracks BTC’s performance relative to gold in US dollar terms. Historically, sharp rebounds in this ratio have aligned with major Bitcoin cycle bottoms, often preceding strong upside.In 2015, a BTC/XAU bottom preceded a roughly 250% Bitcoin rally within a year. Similar reversals in 2019 and 2022 came before gains of around 140% each. Excluding 2020’s 1,460% liquidity-driven boom, the pattern points to an average one-year BTC gain of about 180% after BTC/XAU bottoms.BTC/XAU monthly chart. Source: TradingViewAs of 2026, the BTC/XAU ratio has climbed about 40% since February’s lows. The BTC/USD rate has jumped 32.65% in the same period.”Bitcoin versus gold is about to close a second month in the green after 7 red candles in a row,” said Nik Bhatia, founder of macro research firm The Bitcoin Layer, adding that “the bounce is in.”Macro strategist Gert van Lagen spotted a “hidden bullish divergence” pattern that appeared following the 2014, 2018, and 2022 bear market bottoms.Source: XIn its April report, meanwhile, Fidelity Investments said Bitcoin has entered “an accumulation phase” while outperforming gold.A 180% repeat of past cycles puts the BTC price target at $167,250 by April 2027, if the BTC/USD and BTC/XAU February lows are confirmed as bottoms.Multiple analysts, including Bernstein’s Gautam Chhugani, have projected BTC’s price to reach the $150,000 mark in 2026, driven largely by a potential capital rotation from gold.In April, Matt Hougan, chief investment officer of crypto asset manager Bitwise, said Bitcoin can become bigger than the gold market’s $30 trillion capitalization.Key trend line puts bullish outlook in doubt BTC/XAU remains below its 100-month exponential moving average (100-month EMA, the purple line), a level that previously marked major bottoms in March 2020 and December 2022. BTC/XAU monthly chart. Source: TradingViewIts January breakdown was the first clear loss of this support. Staying below it risks trapping bulls and delaying Bitcoin’s relative recovery against gold.In the short term, BTC/XAU also faces resistance from a rising wedge on the daily chart. BTC/XAU daily chart. Source: TradingViewThe bearish reversal setup points to a potential 20% drop in Bitcoin’s gold-denominated value, based on the wedge’s measured move.Related: Bitcoin eyes $75K after ‘most hawkish’ FOMC as oil hits highest since 2022Macro conditions, such as elevated US bond yields and rising oil prices, may also disrupt historical patterns. As Cointelegraph reported, Bitcoin derivatives show traders are cautious as the Fed holds interest rates and BTC price consolidates. This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Fundstrat co-founder Tom Lee shared a “generational play” thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000.Key takeaways:ETH is testing a key long-term support trend line that preceded 5,000% gains in the past.Tom Lee amplified the fractal setup, which projects ETH toward $60,000 by 2030.ETH price chart: Giant ascending channel targets $60,000 On Wednesday, Lee reposted a bullish outlook shared by analyst Crypto Patel that predicted ETH’s price reaching $60,000 in the coming years.The setup showed a long-term ascending channel that has framed ETH’s price action since 2017, with its upper and lower trend lines repeatedly acting as resistance and support across multiple market cycles.ETH/USD two-week chart. TradingView/CryptoPatelIn 2020, for example, ETH rebounded from the channel’s lower trend line before rallying roughly 5,200% toward the upper boundary, where the cycle eventually topped.Again, as of late April, ETH’s price stabilized around the lower trend line, an “accumulation zone” spanning $1,300–$2,000. Patel highlighted a potential multi-year price rebound in the making, calling it a “generational play” for “patient holders.” His chart projected a 1,000% rise in ETH to around $15,800 by 2028 and 3,150% to $60,000 by 2030.Related: These 3 Ethereum metrics favor an ETH price rally to $6KLee reposted Patel’s bullish outlook after BitMine, the Ethereum treasury firm he chairs, purchased $235 million worth of Ether, lifting its net Ether reserves above 5 million ETH, or roughly 4% of the current Ethereum supply.BitMine’s Ethereum holdings chart. Source: CoinGeckoThe buying spree underscores BitMine’s aggressive ETH accumulation strategy, even as the company remains exposed to sharp market swings. As of late April, its unrealized losses on the investments stood at around $6.5 billion.Ethereum bears will have other plansSince 2021, Ether has traded inside a giant symmetrical triangle, a neutral pattern that can break in either direction. It briefly moved above the structure in July 2025, but the breakout failed, sending the price back inside the range. ETH/USD weekly chart. Source: TradingViewA decisive breakdown below the lower trend line, now near the 0.786 Fibonacci retracement around $1,834, would weaken the bullish case. Losing this support could open the door to a deeper decline toward the 1.0 Fib line at around $1,000, aligning with downside targets flagged by several bearish analysts earlier this year.In this case, BitMine could see its unrealized loss swell to roughly $13.2 billion, based on an estimated average ETH acquisition cost of around $3,600 across its holdings until April.Still, longer-term Ethereum forecasts remain optimistic, with VanEck and Standard Chartered projecting upside targets of up to $22,000 and $40,000, respectively, in their more bullish scenarios.This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitcoin (BTC) is trading roughly 40% below its October 2025 record high near $126,000 despite its ongoing recovery.BTC/USD daily chart. Source: TradingViewStill, some of the cryptocurrency’s loudest bulls, including billionaire investor Tim Draper and Fundstrat’s co-founder Tom Lee, have not backed down from their $250,000 year-end prediction, a target that would require more than a threefold rally from current levels.Is that realistic, or is Bitcoin’s latest drawdown a warning that the cycle has already peaked?Key takeaways:Bitcoin’s selloff may resume due to a bearish continuation setup.Halving and midterm election fractals appear bearish for the BTC price in 2026.Veteran trader warns of more BTC price declinePeter Brandt, a veteran futures market trader, highlighted a maturing bear flag channel on the Bitcoin daily chart, which could keep BTC’s odds of rising toward $250,000 this year low.As of Tuesday, BTC was showing signs of a pullback after testing the flag’s upper boundary near $79,500 as resistance. The cryptocurrency risks declining toward the flag’s lower boundary around the $69,000 level by May if the correction persists.Those of you predicting $250,000 in 2026 need to stop with the mushroomsThis is called a channel While it does not preclude further price gains, it is NOT a bullish bottoming patternSource: XA bear flag fully resolves when the price decisively breaks below the lower boundary and drops to a level at length equal to the height of the previous downtrend.A break below the flag’s lower trend line may push the BTC price under $50,000 if the technical setup plays out as intended.BTC/USD daily chart. Source: TradingViewBitcoin halving fractals show the bear market is midwayBTC’s price cycles have historically followed a clear pattern tied to its halvings every four years. Cycle peaks have consistently occurred 12 to 18 months after the event. In 2012, the peak arrived in 12 months. The 2016 halving saw its top in 17 months, while the 2020 halving peaked after 18 months. The April 2024 halving fits this timeline. Bitcoin hit its all-time high of $126,000 in October 2025, roughly 17–18 months later. Bitcoin price performance since halvingNow, in late April 2026 (over 24 months post-halving), BTC trades around $77,000, down 38%–40% from that peak. This alignment suggests the 2025 high may represent the cycle top, casting doubt on new highs for the remainder of 2026.Bitcoin sell-off may resume in MayA chart by analyst Merlijn The Trader is adding to the cautious narrative, pointing to a recurring “Sell in May” pattern in US mid-term election years. For instance, BTC dropped 61% in 2014, 65% in 2018, and 66% in 2022, each beginning around May of the election years. BTC/USD one-month chart. Source: TradingView/Merlijn The TraderApplying a similar framework to 2026, Merlijn projected a potential decline of over 60%, which would place BTC near the $30,000 level.In a February report, Capital Group analysts Matt Miller and Chris Buchbinder said midterm elections often raise uncertainty over congressional control and policy direction. As campaign rhetoric heats up in the spring, investors tend to cut risk, slow buying, and brace for volatility.That backdrop weakens the case for Bitcoin reaching $250,000 by year-end, even though several analysts, including those from Bernstein, see room for a more modest rebound toward the $100,000–$150,000 range. This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.