From a technical analysis perspective, we have what is referred to as the "Double Top" pattern. This is a bearish reversal pattern that indicates Bitcoin's price has reached a peak twice. For example, in December 2024, Bitcoin reached the $100,000 level and then retraced to $72,000. Currently, it has climbed back to $100,000.
In summary, the Double Top is a bearish reversal pattern signaling that BTC's price could decline significantly if it fails to break above the current peak. This theory is based on the behavior of investors—once they exhaust their buying power at a peak price twice, the price may retrace significantly, as we observed in the drop to $72,000.
Bitcoin, which dominates over 50% of the market, has a significant influence. If it fails to hold the current top price, a severe drop is likely, which could cause other altcoins to follow suit, even if they aren't moving as drastically as BTC. The reason for this is that when Bitcoin falls, fear spreads among investors and market makers, prompting them to sell off the altcoins they hold.
However, all of this depends on whether Bitcoin can break past the $110,000 resistance level. If BTC successfully breaks this resistance, it confirms a breakout, and the bull run continues. If not, Bitcoin might retrace before any significant upward movement.
XRP Price Eyes Quick $6.3 Rally Amid Ripple Reserve Talks Today's surge in XRP price is accompanied by an 80% increase in daily trading volume, reaching $4.35 billion, amid whale activity and Ripple reserve news.
Xrp Price Eyes Quick $6.3 Rally Amid Ripple Reserve Talks Table of Contents Amid a broader cryptocurrency market recovery following the FOMC meeting, XRP price is showing strength, rising to $2.20, with daily trading volumes surging by 80% to $4.35 billion. This indicates that traders are showing increased interest in Ripple’s cryptocurrency as discussions surrounding Ripple’s reserves heat up. If the broader crypto market continues to support this trend, further gains could be expected from here.
XRP Price Targets of $3, $4.4, and $6.3 Prominent crypto analyst Dark Defender has provided an updated outlook on XRP price movement. In his recent analysis, the analyst stated that Ripple’s cryptocurrency could face immediate resistance at $2.222 and $2.36.
He also noted that the XRP correction to $2.13 has completed, as it reverses its trajectory upwards, avoiding a massive $60 million in XRP liquidation. Dark Defender unveiled insights into the structure of the 5th Monthly Wave, breaking it down into five sub-waves. The analysis suggests an initial surge to $3, followed by Wave 3 and Wave 5 targets of $4.4 and $6.3, respectively $XRP $BTC $ETH
CZ Confirms He Has Submitted a Pardon Request to Donald Trump Changpeng Zhao, commonly known as CZ and the founder of cryptocurrency exchange Binance, has confirmed that he submitted a request for a pardon from U.S. President Donald Trump in relation to his money laundering conviction—despite having previously denied the reports. Speaking in a May 6 episode of the Farokh Radio podcast, CZ said he “wouldn’t mind” being pardoned and revealed that his legal team had already submitted the paperwork on his behalf. “I’ve got lawyers applying,” he said, explaining that the decision came after Bloomberg and The Wall Street Journal reported in March that he was seeking a pardon, amid news of a potential business deal between the Trump family and Binance.US.
Although CZ denied those reports at the time, he told the podcast: “I figured, if they’re already writing this article, I might as well officially apply.”
He also mentioned that Trump’s previous pardon of the three BitMEX co-founders—including Arthur Hayes—inspired him to take the step. According to CZ, the application was filed about two weeks ago.
At the time of the reports by Bloomberg and The Wall Street Journal, CZ remarked that “no felon would mind a pardon,” and noted that he is the only person in U.S. history to have served prison time for violating the Bank Secrecy Act.
In November 2023, CZ pleaded guilty to a money laundering charge as part of a deal between Binance and U.S. authorities. Under the agreement, Binance paid a $4.3 billion fine, with CZ contributing $50 million and stepping down as CEO.
🚨 Crypto Market Sentiment Tense as Bitcoin Braces for FOMC
‼️Dont Miss‼️
Bitcoin is consolidating around $94,000 as traders await the Federal Reserve’s decision on interest rates and Jerome Powell’s guidance. Despite a high probability of a rate hold, market volatility is expected, with analysts watching key price levels for breakout or breakdown opportunities. Powell’s tone at the FOMC press conference could trigger significant market movements, with analysts divided on the impact of his remarks.
🌟 Quick Take:
Despite the swirling fears, a breakout remains on the table. Bulls could get the green light if Jerome Powell strikes a more dovish tone or hints at cuts later this year. According to BitMEX co-founder and former CEO, Arthur Hayes, the Fed switching to quantitative easing (QE) could see Bitcoin price go parabolic. However, Bitcoin could revisit recent lows in a sharp unwind if the Fed doubles down on hawkishness. Ahead of the Wednesday FOMC meeting, the market is walking a tightrope, and all eyes are on Powell to decide which way it tips. Data shows Bitcoin was trading for $94,474 as of this writing, down by 0.16% in the last 24 hours. $BTC $XRP $SOL
why unchanged Interest Rate.......... Reason Here👇👇👇 Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has increased further. The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments $BTC $ETH $BNB
In the early morning, Bitcoin dropped from the peak level of 97440, first probing down to 95854 before quickly rebounding to around 96805. It then tested the low point again at 95737, and was quickly lifted to around the high of 97348 due to market reactions, currently hovering around the 97000 mark. Whether the strategy is correct will be verified by time, but did the strategy of shorting first and then going long in the early morning just allow for easy profits?
From the current technical structure, although the overall trend remains upward, both bullish and bearish forces are not strong in the short term. The overnight pullback did not lead to a decisive break, and from the daily perspective, the rebound space and pattern are not sufficient for a major breakthrough. The mid-band provides some support, while resistance above is also quite evident, limiting the volatility. If there is no major news stimulus in the short term, the market will likely enter a range-bound oscillation. Given that the price has returned to the upper range, the short-term strategy in the morning can be to attempt a short position first, looking for a pullback, then go long after touching support, treating the situation as a range without breaking previous highs and buying low!
Morning Trading Suggestions BTC: Range short at 97500-98000, target 95500. If it doesn’t break, we will then go long. ETH: Range short at 1830-1850, target 1750. $BTC $ETH $SOL
As the crypto market anticipates the upcoming “Crypto & AI Innovators Dinner” hosted by former U.S. President Donald Trump on May 22, 2025, certain memecoins are experiencing increased investor interest. This exclusive event, inviting the top 250 holders of the TRUMP token, has sparked a surge in related tokens.
Let's delve into the five memecoins that are drawing significant attention in the lead-up to this high-profile gathering.
1. Trump Official (TRUMP): The Gateway to an Exclusive Event
CZ predicts Bitcoin will reach 500,000 to 1 million USD in this cycle Recently, CZ predicted that Bitcoin could reach a milestone of $500,000 to $1 million, with the market capitalization hitting $5 trillion during this cycle.
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Home > News > Bitcoin
Published: 07/05/2025 -
Author: Kane
CZ predicts Bitcoin will reach 500,000 to 1 million USD in this cycle
Recently, CZ predicted that Bitcoin could reach a milestone of $500,000 to $1 million, with the market capitalization hitting $5 trillion during this cycle.

Table of Contents
In his latest interview with Farokh Radio, published earlier this week, former Binance CEO Changpeng Zhao (CZ) shared his insights on the future of the cryptocurrency market. According to CZ, Bitcoin’s price could surge to the range of $500,000 to $1 million, while the total cryptocurrency market capitalization is expected to reach $5 trillion before the end of 2025. However, CZ did not specify an exact timeline for this scenario.
CZ in the interview with Farokh Radio

This isn’t the first time the entrepreneur has predicted a seven-figure price for Bitcoin. Back in February, CZ subtly hinted at the $1 million mark in a post on X, describing a hypothetical future where Bitcoin “corrects” from $1,001,000 down to $985,000. Notably, in 2020, he predicted BTC would hit $100,000—a forecast that came true in December 2024.
Currently, the world’s leading cryptocurrency is fluctuating around $97,000. Bitcoin’s all-time high was $108,786, recorded on January 20, 2025. At the same time, the total crypto market cap stands at approximately $3 trillion, according to CoinGecko.
Bitcoin (BTC) jumped above $97,000 on Wednesday before retreating to the $96,000 range. The brief test came as markets absorbed a wave of liquidity-boosting announcements from China and growing speculation that the US Federal Reserve (Fed) may be edging toward a return to quantitative easing (QE).
The moves’ timing, just hours before a crucial FOMC (Federal Open Market Committee) meeting, has sent traders scrambling to reassess the global macro picture.
China Unleashes $138 Billion in Liquidity As Trade Talks Reignite Risk-On Sentiment The State Council Information Office hosted a press conference. In attendance, Governor Pan Gongsheng of the People’s Bank of China (PBOC) announced interest rate cuts.
The PBOC said it would cut the reserve requirement ratio by 0.5 percentage points, releasing roughly 1 trillion yuan ( ~ $138 billion) in long-term liquidity, and lower the policy interest rate by 10 basis points. $BTC $ETH $SOL
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