Russian actors made false video depicting mail-in ballots for Trump being destroyed, FBI says
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Bitcoin, the world’s most popular cryptocurrency, appears poised for a major move, but the direction remains shrouded in mystery. Analysts are divided on whether a bullish breakout or an extended consolidation period lies ahead.
Reaching New Highs: Euphoric Bulls On The Horizon?
Renowned crypto analyst Checkmate has ignited a spark of optimism with his “Euphoric Bull” theory. According to Checkmate, a surge to a new all-time high could signal a critical shift in market sentiment. This type of bull phase would represent a significant acceleration in bullish momentum, potentially leading to a steeper price increase.
Checkmate’s theory hinges on the Market Value to Realized Value (MVRV) ratio, a metric that compares the current market value of Bitcoin to the total value paid to acquire all Bitcoins in circulation. Historically, when the MVRV ratio climbs above one standard deviation of its average, it has often preceded a shift to a “Euphoric Bull” phase.
#Bitcoin breaking to a new ATH has historically represented a transition point from the Enthusiastic Bull, into the Euphoric Bull.
It also coincides with the MVRV ratio getting above 1 standard deviation, but we rarely clear it on the first attempt.
However, Checkmate warns that Bitcoin doesn’t always follow the script on the first try. The market often exhibits cautious behavior, with Bitcoin potentially attempting to breach this key MVRV level multiple times before a decisive breakout.
Bitcoin’s recent consolidation period comes after a surge that saw the alpha crypto reach a six-week high of $71,950. While a slight pullback has occurred, Bitcoin is still trading comfortably near the $70,000 level, with a healthy daily trading volume. This price movement suggests a potential pause before the next significant move, making the current moment a tense waiting game for both traders and investors.
Breakout Or Consolidation? A Bullish Dilemma
Crypto analyst Rekt Capital has emerged as a key voice in the ongoing debate. Rekt Capital believes a weekly candle closing above $71,500 could be the catalyst for a significant breakout. This milestone, if achieved, could trigger a surge in bullish momentum, propelling Bitcoin towards a notable uptrend.
However, Rekt Capital also acknowledges the possibility of an extended consolidation phase. Historically, Bitcoin has exhibited a tendency to consolidate within its re-accumulation range for several weeks before experiencing a breakout. This extended consolidation, Rekt Capital argues, would bring Bitcoin closer to aligning with historical halving cycles, events that have historically preceded major bull runs.
Bitcoin Price Prediction
Meanwhile, other analysts are predicting a potential banner year for the world’s leading cryptocurrency in 2025. The high-end prediction of $168,459 represents a staggering potential increase, fueled by factors like historical price trends and the upcoming Bitcoin halving cycle. Buoying this optimism are technical indicators pointing towards a “Bullish” market sentiment with a hefty dose of “Extreme Greed.”
However, a dose of reality is necessary. The wide range between the predicted high and low ($69,971) underscores the inherent uncertainty in these forecasts. Bitcoin’s notorious volatility, evident in the recent 4.47% price swings within just 30 days, further complicates things. While this level of greed suggests investor confidence, it can also be a warning sign of a potential market correction on the horizon.
Featured image from Vecteezy, chart from TradingView
The local sheriff’s office has asked the FBI and the U.S. attorney’s office to assist in investigating the death of Mica Miller, the 30-year-old pastor’s wife who was found dead at a state park and whose cause of death has been the source of controversy. Miller’s death was ruled a suicide by law enforcement. Her family, though, isn’t convinced she died of self-harm. She died on April 27th. The Robeson County Sheriff’s Office confirmed Tuesday it has asked the FBI and the local U.S. attorney to help in the investigation, although it did not provide further details.
Miller’s husband, John Paul Miller, was pastor of Solid Rock Church in Market Common, S.C., but has since been relieved of his duties. The church said in a statement he was relieved “for a time of healing, counsel, and guidance, pursuant to our governing instrument,” according to WPDE-15. Her family points to a series of incidences in Mica Miller’s final days and months as one reason they doubt she committed suicide.
Several days before she died, she told a police officer she was “scared for her life” after she found a GPS tracker hidden in her car and a razor blade in her tire, WTVD-11 reported. Shortly before her death, she phoned 911 and asked the dispatcher, “Are you able to trace the location of my phone?” Her body was found at Lumber River State Park in Robeson County.
Miller and her husband were separating. She bought a gun the day she died. In her final days, she posted a message on social media stating, “Please share this with anyone struggling with leaving a dangerous situation.”
“God hates divorce because it hurts people. But does abuse hurt people? How do you think God feels about that?” she said in a social media video.
WTVD reported that her final Facebook post said, “When terrible terrible TERRIBLE things happen to you… (yall know what I’m talking about;) RPF: resting peace face.”
Last November, Mica’s sister called 911 after the sister received threatening messages from John Paul Miller, WBTX-13 reported. At the time, Mica was staying with her sister. John Paul Miller spoke at Mica’s eulogy, saying he traveled to the morgue multiple times following her death.
“Each time it still didn’t hit me, I thought she was going to wake up — I even tried to raise her from the dead one time this week,” he said.
He added, “If I had 10 hours, it wouldn’t be enough to tell you all the great things about her.”
Michael Foust has covered the intersection of faith and news for 20 years. His stories have appeared in Baptist Press, Christianity Today, The Christian Post, theLeaf-Chronicle, the Toronto Star and the Knoxville News-Sentinel.