Analyst Predicts Potent Bitcoin Upsurge, Citing Similarities to 2021 Crypto Peak
In the ever-evolving world of cryptocurrency, several exciting developments and predictions are making headlines.
Fintech and crypto veteran Wes Kaplan has been appointed as the CEO of G-Knot, a company set to launch the first finger vein biometric wallet. This innovative wallet is expected to revolutionise the way users secure their digital assets.
Meanwhile, Treasury Secretary Scott Bessent has voiced his belief that US-regulated stablecoins will be preferred over Central Bank Digital Currencies (CBDCs) by the markets.
In the realm of predictions, pseudonymous analyst Dave the Wave continues to capture the attention of the crypto community with his insightful analyses. Recently, he highlighted a bullish continuation pattern on Bitcoin's weekly chart, known as a "cup and handle" formation. This pattern suggests a potential breakout, indicating significant price movements. Dave the Wave has consistently been optimistic about Bitcoin's future, predicting that it could reach $160,000 by the end of 2025.
Dave the Wave emphasises that Bitcoin's two-year uptrend is sustainable, with each rally supported by consolidation phases. These phases lay the groundwork for future price increases, suggesting that Bitcoin has a strong foundation for reaching new all-time highs. Furthermore, he has mentioned that Bitcoin's monthly Moving Average Convergence Divergence (MACD) has crossed the zero line, signalling a potential entry into a bullish phase.
However, Dave the Wave also suggested that Bitcoin might experience a temporary pullback toward the $96,000 zone before resuming its long-term uptrend.
Elsewhere, P2P.org has brought native ETH staking to Ledger Live globally, a move that is likely to boost the adoption of Ethereum staking. At the time of writing, Ethereum is trading at $2,623.20, a 1.8% increase.
In the meme coin space, Little Pepe has raised over $4 million in presale, positioning itself as one of the leading meme coins of 2025.
The Bitcoin price is currently trading at $108,805, a 10.09% increase. However, a trader has issued a Bitcoin warning, suggesting that only a 'small sliver' of time remains in the bull market.
In the Web 3.0 ecosystem, The Open Platform has become the first unicorn, valued at $1 billion. NEXST has also launched a Web 3.0 virtual reality entertainment platform with K-Pop group UNIS as the first global partner.
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Lastly, GUNZ has announced an expansion of its GUN Token to the Solana network, and BioMatrix has surpassed five million verified users. However, a scammer recently drained $20,000 from a billion-dollar bank customer who took out a loan for business purposes, underscoring the need for increased security measures in the crypto space.
Investing in altcoins and cryptocurrency such as Bitcoin continues to attract attention in the finance world, with pseudonymous analyst Dave the Wave predicting a potential breakout and potential price increase up to $160,000 by the end of 2025. Meanwhile, Treasury Secretary Scott Bessent believes that US regulated stablecoins will be preferred over Central Bank Digital Currencies (CBDCs) by the markets.
