According to market analysis, a deeper pullback could be on the horizon before the bulls regain momentum for price discovery. The current resistance is predominantly due to profit-taking.

Bitcoin is vulnerable to a “deeper correction” as the next stage of its bull market could face a brief interruption. Analysts warn of prices falling below $100,000 as data from Cointelegraph Markets Pro and TradingView shows an 8% drop in BTCUSD.

Bitcoin went below its old peak levels on May 31 as the latest correction approaches nearly $9,000 below its recent record high. After experiencing resistance from various sources, onchain indicators suggest a slowdown in bullish momentum.

A recent research report by onchain analytics platform CryptoQuant indicates that “some of Bitcoin’s demand metrics may be reaching a short-term top, which could hint at a pause in the current rally.”

The report mentions that “CryptoQuant’s estimate of Bitcoin’s demand growth in the last 30 days is at 229K, which is near the previous demand growth top of 279K Bitcoin reached in December 2024.” Notably, whale-held Bitcoin balances have increased by 2.8% over the past month, a rate frequently preceding a slowdown in whale accumulation.

CryptoQuant further states that unrealized profits were, on average, over 30% at $111,000, suggesting an imminent pause.

Despite maintaining a bullish outlook on a return to price discovery, market participants anticipate lower levels first. Popular trader Mags highlights the importance of the upcoming weekly candle close as a critical test of the bulls’ strength. If Bitcoin fails to retake the old record close at $104,450 from December 2024 on weekly timeframes, a “deeper pullback” may be in the offing.

Trader and analyst Aksel Kibar concurs that the bull market’s return “might be delayed.” He remains confident about the bullish interpretation as long as the price stays above 73.7K.

Amidst these developments, CryptoQuant sees the price possibly halting at $120,000, a key profit-taking station. However, it is essential for investors and traders to conduct their own research as every investment and trading move involves risks.

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In a recent episode of Cointelegraph’s Chainreaction live show, Burnett expressed his confidence that Bitcoin continues its bullish long-term trend. He even suggested that Bitcoin could potentially compete with, or even surpass, gold’s $21 trillion market capitalization in the coming decade.

Trade uncertainties have dampened risk appetite among investors, but Bitcoin’s long-term prospects remain positive, according to research analysts. Burnett presented two models he respects when forecasting Bitcoin’s future. The first suggests Bitcoin will reach about $1.8 million by 2035, while the second, Michael Saylor’s Bitcoin 24 model, predicts Bitcoin could hit $2.1 million by 2035.

Burnett emphasized that these predictions are “solid base cases” but added that Bitcoin’s trajectory could exceed these estimates based on broader macroeconomic factors.

The market researcher drew a comparison between the automobile industry and the horse and buggy industry, suggesting that Bitcoin’s advanced technological features could propel it past the $21 trillion market capitalization of gold.

Global markets have been under pressure since President Trump’s inauguration, particularly due to the threat of imposing hefty import tariffs. These trade war fears have caused a surge in tokenized gold trading volume, hitting a two-year high this week.

Burnett suggests that Bitcoin’s volatility is decreasing, indicating its maturing as an asset class. While another 80% drawdown during future bear markets is possible, this will function as a strong acquisition period for the most committed holders.

Despite these optimistic projections, investors are being cautious and continue to adjust their portfolios. They are unlikely to take on significant positions in the next 90 days before markets receive more information on global tariff negotiations.

Since the start of 2025, gold has outperformed Bitcoin, with its price rising over 23%. Bitcoin, on the other hand, has declined by more than 10% year-to-date, according to TradingView data.

The post Bitcoin Predicted to Reach a Monumental $1.8M by 2035, Market Analyst Affirms appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Dogecoin is an open-source P2P digital currency. Despite starting out as a joke, the cryptocurrency has gained support. At the beginning of March, the operator of Bitcoin ATMs CoinFlip listed DOGE in its network, which includes 1,800 ATMs in the U.S. A few days later, Dallas Mavericks announced adding Dogecoin to its list of accepted cryptocurrencies. Later in the same month, Kessler Collection, the U.S.-based chain of luxury hotels, announced accepting crypto for payments, including Dogecoin.

The tweets by Tesla CEO Elon Musk at various times affected the price of Dogecoin. Today, he tweeted a GIF of a Shiba Inu dog laughing, thus boosting DOGE even more. Dogecoin currently has a market cap of over $16.1 billion, per Coin Market Cap data. Its price has increased by over 53% in the past 24 hours and it is trading at around $0.125 at the time of writing.  

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The partnership between the university and the blockchain company is part of the university’s strategy to support local business, the source says. Moreover, according to Cointelegraph, Elrond has several offices in Sibiu and many LBUS graduates work in the company.

Elrond (EGLD) ranks 39^th on Coin Market Cap, with a market cap of over $3.9 billion. Its price has increased by 4% in the past 24 hours. EGLD is trading at around $229 at the time of writing.    

Cryptocurrency adoption in education is not widespread, yet there are already examples of using crypto.

Earlier this month, Edinburg’s Morningside School of Music started accepting crypto for music lesson payments. According to uDiscover Music, many of the students at the music school suggested adding crypto as a payment method. In particular, those students work in the fintech sector. Moreover, the school has a positive opinion on crypto and has already used it previously for making school-related purchases.

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Registering their marriage on the blockchain required two transactions on the network. In particular, those included transfers of the NFT tokens, or virtual “rings,” to the couple’s wallets. Creating the contract cost about $537. Moreover, the validation took 4 minutes and resulted in $50 in miner fees, the source says.  

Smart contracts on the Ethereum network allow to create and execute transactions without third-party involvement. Moreover, the advantage of a smart contract is the absence of an intermediary and the automatic enforcement of the agreement between the two parties.

The cryptocurrency of the Ethereum network, ETH, has been attracting institutional investors. Over the previous week, 400,000 ETH was moved out of Coinbase, and Ki Young Ju, the CEO of CryptoQuant, suspects it might be the result of institutional interest.  

ETH has seen price growth of over 19% in the past 7 days, per CoinMarketCap.com data. It is trading at around $2,049 at the time of writing.

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The source also says that WildBrain will be making a charitable donation of $5,000 to Kids Help Phone. Users of social media are encouraged to share the fictional cryptocurrency TubbyCoin with their networks, together with the hashtag #TubbyCoin. This will help spread hugs and increase the charitable donation. According to the source, WildBrain will be adding a dollar per social media post with the hashtag #TubbyCoin to their donation, for a total of up to $10,000.

Various companies run April Fools’ days pranks each year. However, users are left wondering what is real and what is a joke. Chipotle has announced a giveaway of burritos and Bitcoin to happen on April 1^st, as it is also a National Burrito Day. According to Los Angeles Daily News, the promotion is not a prank. In particular, participating users have a chance to win a free burrito, $500 in Bitcoin, or $25,000 in Bitcoin.

India’s e-commerce company Flipkart announced that it would be accepting Bitcoin for payments. However, since the announcement appeared on Twitter nearing April Fools’, many users put it into question, Cointelegraph says.

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CoinDesk.com reported earlier in March about the fake Trezor app that appeared in the Apple App Store on February 24 and remained online for some days. This app collected users’ information such as private keys and seed phrases through phishing. Despite the checking procedures of the App Store, the malicious application managed to reach many users. Some of them left one-star reviews calling it a scam, the source says.

Fake apps are often created with the goal to steal users’ private information and login credentials. Earlier in March scammers released a fake version of a social app Clubhouse for Android devices. The app contains a trojan virus that aims to steal logins and passwords from users’ apps, including apps of social media platforms and cryptocurrency exchanges.

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According to CoinJournal, crypto exchanges must comply with anti-money laundering standards to avoid penalties. Those standards will come into effect on April 20. Otherwise, providers could expect penalties between 30 million won (around $26,000) and 100 million won (around $88,000), the source says.

To prevent money laundering, the government will require all crypto exchanges to cooperate with banks. This is to ensure that clients trade using accounts under their real names, writes Cointelegraph. However, meeting the new compliance regulations could be very costly. In addition, using the services of third parties could cause privacy concerns.

Following the introduction of the new regulations, which took effect today, March 25, crypto exchange OKEx decided to discontinue its operations in South Korea. According to Forkast News, its users must withdraw their funds from the exchange by April 7 to prevent themselves from losing their holdings.  

Earlier this month, the National Tax Service (NTS) caught 2,416 individuals who were evading paying taxes by hiding their income in cryptocurrency. The total earnings not reported reached over 36 billion won (more than $32 million).

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