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Here Are The Main Levels To Watch After Dogecoin Price Completed A Clean Kumo Rejection TradingView
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Bitcoin mining is undergoing a profound shift by increasingly adopting alternative renewable energy sources. This trend has led to a remarkable change in the industry’s energy profile, with more than half of the network’s power now coming from sustainable sources.
Why Renewable Energy Is Becoming A Strategic Edge For Miners
In an X post, Natalie Brunell explained that Bitcoin mining is a unique process that consumes energy to secure the network, while ensuring its integrity and scarcity. Unlike traditional currencies that a central authority can print, Bitcoin’s supply is fixed.
The process of mining is the only way to introduce new Bitcoin into circulation, and it requires expanding real-world resources, specifically energy, to validate transactions and secure the network. This design makes the network inherently ethical and resistant to manipulation because no single entity controls the supply or has the power to create more Bitcoin.
However, what makes Bitcoin mining particularly innovative is its flexible and location-agnostic nature. Miners are increasingly plugging into alternative and cheapest renewable energy sources such as wind, solar, and hydropower, which is often found in places with abundant underutilized or stranded renewable energy, such as East Texas.
This flexibility allows Bitcoin miners to act as a crucial stabilizing force for the energy grid. Instead of staining the grid, they help to balance it. When the supply of renewable energy is high and demand is low, miners can soak up the excess power that would otherwise be wasted.
Meanwhile, when demand from homes and businesses spikes, miners can shut down in seconds, instantly giving that power back to the grid. This makes them a valuable component of the energy sector, helping to make renewable energy more economically viable.
Marathon’s Position Among Public Bitcoin Miners
Marathon Digital Holdings (MARA) has delivered a strong performance, highlighting its strategic position as both a Bitcoin miner and a significant corporate holder of the asset. The company’s August report showcases its dual-engine strategy of mining and strategic purchasing.
In August, Marathon mined 705 BTC and also made a major move by purchasing an additional 1,133 BTC, actively adding to its treasury. The company’s energized hash rate now stands at an impressive 59.4 EH/s, holding 52,477 BTC in its balance sheet as of the end of August. This shows a proactive approach to accumulating Bitcoin, leveraging market conditions to strengthen its balance sheet.
Following this strong August, Marathon mined another 82.6 BTC in September. This continued growth has expanded its Bitcoin treasury to nearly 52,560 BTC, cementing its status as one of the largest publicly traded holders of the digital asset. According to the company’s data, every common share of MARA is backed by $15.68 worth of BTC.
]]>Bitcoin Retraces From Highs Ahead Of CPI Report; Ethereum Gains And Dogecoin Falls: Analyst Says $135,000–$140,000 Isn’t Hopium, But ‘One Clean Breakout’ Away Benzinga
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Cardano (ADA) Set for 2,000% Rally? Analyst Sees “Clean Fractal” Signal CryptoRank
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A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally that could take it toward new all-time highs between $160,000 and $200,000. Notably, this surge is expected to come with rising Bitcoin Dominance (BTC.D) and a delayed altcoin season, particularly if BTC can make a clean break above the $108,500 resistance level.
Bitcoin Price Breakout To Spark Next Bull Run
The Bitcoin price is currently hovering below a critical resistance level at $108,500, and according to a crypto analyst known as ‘BigMike7335’ on the X social media platform, a clean breakout and flip of this level into support could ignite an explosive Wave 3 bull run. Based on Elliott Wave Theory and Fibonacci Extension analysis, a successful move above this threshold could open the door to a bullish price surge with potential targets set in the $160,000 to $200,000 range.
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The analyst’s chart shows that Bitcoin has already completed its Wave 1 of a five-wave impulse move, followed by an ABC corrective Wave 2. The market is also currently consolidating, and Bitcoin’s bullish momentum appears to be rebuilding. These positive developments are supported by a rising Stochastic Relative Strength Index (RSI) from the oversold region and a neutral-to-bullish RSI, both of which point toward upward price action.
Notably, the 0.618 and 1.0 Fibonacci Extensions around $117,795 and $137,421, respectively, are highlighted as interim resistance zones where price momentum could temporarily slow before continuing upward. A clean breakout above $108,500 could also place Bitcoin above a heavy volume node visible in the volume profile within the chart, suggesting less overhead resistance and a stronger potential for a price rally.
Furthermore, the analysis implies that during this powerful Wave 3 phase, Bitcoin Dominance will likely climb toward 70%. This increase in BTC.D would mean capital is concentrating in the leading cryptocurrency, which historically results in altcoins underperforming. As a result, the expected altcoin season for this cycle may be postponed, following the completion or cooling of Wave 3.
Analyst Predicts $375,000 Bitcoin Bull Run Peak
Crypto analyst TechDave has just sounded the alarm on what he calls the Bitcoin “launch signal”, a rare trigger that has only appeared four times in history and each time marked the start of major bull market rallies. This signal previously appeared in October 2012, July 2016, and July 2020—all preceding major upward moves that ended in new cycle peaks.
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Currently, the same signal is emerging this July, aligning with the previous cycle structures and reinforcing the expectation of a breakout phase. Notably, the formation has led to exponential gains, with each bull market run typically peaking months later. Following this historical pattern, TechDave now predicts a fresh cycle top for Bitcoin at $375,000.
Featured image from Getty Images, chart from Tradingview.com
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
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Ethereum has remained in a volatile consolidation phase, trading between the $2,400 and $2,800 levels as geopolitical tensions weigh heavily on global markets. After last week’s failed breakout above resistance, ETH has retraced yet again, struggling to build sustained momentum. The ongoing conflict between Israel and Iran has intensified market uncertainty, contributing to spikes in volatility across risk assets, including cryptocurrencies.
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Despite the macro headwinds, Ethereum bulls continue to defend key support levels, preventing a deeper breakdown. The $2,400 zone has acted as a strong floor in recent weeks, absorbing sell pressure and keeping ETH within its current trading range. Meanwhile, the $2,800 resistance remains the major hurdle to reclaim for a bullish breakout scenario.
Top analyst Jelle shared a technical outlook suggesting that Ethereum is still consolidating below a key resistance area. This structure indicates that ETH is coiling before its next major move. The window for a potential breakout narrows as price tightens within this established range.
Ethereum Prepares To Move
Ethereum has pushed into a critical price zone, with bulls attempting to hold the $2,600–$2,700 range after recent volatility. The asset has shown resilience, rebounding from last week’s lows and re-entering the mid-range of its multi-week consolidation. With price action once again approaching the $2,800 resistance level, market participants are eyeing a potential breakout that could open the door to $3,000 and beyond.
Analysts remain divided. On one side, bullish momentum and improving market sentiment suggest ETH is preparing for a larger move. A confirmed breakout above $2,800 would likely trigger aggressive buying and initiate a broader altcoin rally. Many investors are positioning themselves in anticipation of a rotation from Bitcoin into high-beta assets like Ethereum, hoping to ride the next phase of the cycle.
On the other side, caution persists. Some technical analysts argue that Ethereum may still be at risk of losing steam, especially if the price gets rejected again at resistance. A failure to maintain the current range could result in a retracement toward $2,400 support or even lower, shaking out weak hands.
According to a recent technical update from Jelle, Ethereum remains locked in consolidation just below its key resistance zone. The analysis points to a tightening structure where the window of opportunity is closing. If ETH breaks above this zone, it could ignite fireworks across the altcoin market.
With global uncertainty still present and traders closely watching resistance levels, Ethereum’s next move could define the pace of the broader market. Whether it’s a breakout or a breakdown, the coming days are likely to be pivotal.
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ETH Price Action: Technical Details
Ethereum is currently trading at $2,606, maintaining a tight consolidation range between $2,400 and $2,800 as shown in the 12-hour chart. After multiple rejections around the $2,800 zone, the asset is struggling to break through this resistance level decisively. Despite the volatility triggered by macroeconomic uncertainty and Middle East conflict, ETH has managed to defend the $2,500 area, supported by a rising 100-period moving average.
The recent bounce from the lower end of the range suggests that bulls are still active, stepping in to defend critical structure. However, volume remains relatively muted, indicating that buyers are cautious and awaiting confirmation before initiating larger positions. Meanwhile, the 50-period moving average remains above the 200-period MA, hinting at a medium-term bullish bias if support continues to hold.
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The yellow horizontal zone marks the key resistance Ethereum must clear to trigger a sustained move higher, with a clean break above $2,800 likely igniting upside momentum toward $3,000. If the range breaks to the downside, the $2,400 zone is the next level to watch for demand.
Featured image from Dall-E, chart from TradingView
Bitcoin, Ethereum Flat, Dogecoin Dips Amid Trade Deal Hopes: Analyst Says BTC Price ‘Holding Strong’ And Setup Clean For Push To $98,300 Benzinga
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The US president recently noted that the Bipartisan Infrastructure Law will help companies that make batteries for electric vehicles to build new manufacturing sites.
In the latest move to create more jobs and transition the vehicle industry from fuel dependent to electric models, the Biden administration has ostensibly set aside $2 billion from last year’s Inflation Reduction Act to be used as grants. Reportedly, the administration of Joe Biden wants to help domestic and existing vehicle assembly companies to seamlessly transition to building electric vehicles (EV).
Additionally, the Domestic Manufacturing Conversion Grants for electric vehicles program will provide cost-shared grants to help accelerate the development of efficient hybrid, plug-in electric hybrid, fully electric, and fuel cell vehicles.
Notably, the Department of Energy’s Vehicle Technologies Office noted that the grant program will give more focus to companies that were about to close operations or about to wind down to preserve existing jobs. For instance, Ohio-based Lordstown Motors Corp (NASDAQ: RIDE) recently filed for bankruptcy protection under Chapter 11 following economic challenges and slow adoption of its products. Moreover, the company which was founded in 2018 has seen its stock market drop more than 87 percent YTD to trade around $2.09 on a market cap of about $36.49 billion.
The Biden administration is hitting several targets with one bullet including job creation, decarbonizing the economy, and reviving local manufacturing companies. Moreover, the Environmental Protection Agency has put in place measures to ensure a seamless EV transition by the year 2032.
According to the Biden administration, qualified auto companies will receive between $25 million and $500 million over the next eight years.
Biden Administration Taps on EV Sector for Economic Expansion
Since President Biden was elected to office, he has put significant resources into the electric vehicle industry both directly and indirectly. Earlier this month, the Biden-Harris administration announced more than $192 million in new funding for recycling batteries from consumer products, launching an advanced battery research and development (R&D) consortium, and the continuation of the Lithium-Ion Battery Recycling Prize, which began in 2019.
The Inflation Reduction Act makes the largest investment ever in combating climate change.
It addresses the climate crisis and strengthens our energy security, creating jobs manufacturing solar panels, wind turbines, and electric vehicles in America with American workers.
— Joe Biden (@JoeBiden) August 8, 2022
According to the US Secretary of Energy Jennifer M. Granholm, the country has to continue investing in clean energy production to ensure a secure and sustainable future. Earlier this year, the Biden administration through the Department of Energy (DOE) announced more funding geared towards zero-emission vehicle assembly.
“President Biden’s historic clean energy laws are making it possible for us to get more EVs on the road by expanding charging infrastructure into underserved communities, while reducing range and cost anxiety among drivers who want to go electric,” Granholm noted.
With the country pushing to unveil more EV charging stations, Tesla Inc (NASDAQ: TSLA) welcomed other vehicle companies to begin using its charging stations.
Charlotte Fang had a confession to make on Saturday morning.
“I was Miya,” the Twitter user once called the mastermind behind the Milady NFT collection, said.
For a brief period in mid-April, the cheapest of the 10,000 generative, doe-eyed, anime avatars “inspired by 00’s Tokyo street fashion” was selling for a little more than $6,000. But the price began to drop, and fell even further after a May 5 story from CoinDesk exploring the Milady founder’s sordid history.
So Charlotte Fang’s weekend mea culpa didn’t have too much of an effect on the price of Miladys. Their floor price was $1,584 early Saturday morning; it was $1,234 on Sunday night.
It briefly dropped below $500 Monday evening, however, after Twitter user 0xngmi, the founder of DefiLlama, published a thread collecting “miya’s writings” and more.
It was the latest twist in a bizarre and complicated story, the most recent example of crypto-native art tarred by its creators’ dirty laundry. It’s also a test of the degree to which consumers are willing to separate art from the artists who created it.
“Unequivocally, my real views hold no room for hate, and I detest abusers & groomers—trolling about it was juvenile, but in reality I’ve never harmed a fly,” Charlotte Fang wrote Saturday. “…The community will take off moving on from the baggage I brought on….”
The Milady NFT collection, a project from the Remilia Collective, launched in August 2021. Less than a month later, a spin-off collection, called Milady, that B.I.T.C.H., raised eyebrows when some of the avatars were spotted on shirts emblazoned with the word “Treblinka”. Anyone who paid attention in high school will remember Treblinka as the name of one of Nazi Germany’s most infamous concentration camps.
In a statement, the Remilia Collective said that it was an honest mistake and that the words on Miladys’ t-shirts were randomly generated.
But were they?
“First, you kill the Jews, who always seek to ruin and exploit other nations,” Miya’s five-step guide on “how to save a nation” begins. Other past essays likened Black people to gorillas and said “a husband is to his wife as a parent is to their child.” Screenshots of tweets show Miya bragging about playing “high-level manipulation games” on “infantilized mindbroken women” and telling one who claimed to have recovered from anorexia she was a “shameless little piggy.”
Charlotte Fang said it was all a joke, but most Milady fans didn’t see it that way.
Community Response
“have loved pretty much everything about miladys up til now,” wrote smoovie420.
Another, YatoshiYatamoto, lauded members of the Milady community as “hilarious, witty and well versed crypto natives” and said they were willing to dismiss claims of Nazism made against Remilia Collective members.
“Everyone with a slightly non-conformist view is accused of being a racist/Nazi in 2022,” they wrote. “The grooming aspect is [email protected] weird though. … Honestly I don’t want to support a project that would in any way benefit these people.”
Another said they had tried to wave away such allegations when they first surfaced.
“In a sea of corny ass profit maxis & soulless art, I found a project/community that had real culture & shared similar passions,” wrote gucciprayers. “Everyone was just based and hilarious. The early rumors & hearsay i just dismissed as such. im [email protected]#king gutted & confused.”
The people behind Miladys aren’t the first NFT artists to have faced wild accusations.
Just last week, Yam Karkai, the artist behind the World of Women NFT collection, was accused without evidence of having ties to convicted cult leader Keith Raniere and having drawn inspiration for her art from pictures taken of women shortly before death. World of Women is yet to respond to The Defiant’s request for comment.
More famously, Bored Ape Yacht Club, arguably the most famous NFT collection, was accused of harboring racist undertones and copying Nazi iconography.
Clean Streets in Cardano al Campo. In the sense that the Gallarate group of “Clean Streets” – born in the Varese valleys from the commitment of Damiano Marangoni – debuted with an ecological morning in the Cardano area, near Malpensa.
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“Clean roads” in Cardano al Campo 4 of 13
Sunday morning the Gallarate group started to get serious in the area of the SS336Dir junction in Cardano al Campo. The ten volunteers (including many newcomers) took care of continuing the cleaning of the cycle path for Samarate that began last year and starting the section of the overpass from via Carreggia to the roundabout in via Allende.
Fill thirty bags of waste with a lot of plastic and paper, found several full bags thrown in the interchange, like many glass bottles, some trolleys with clothing were also recovered (perhaps luggage theft at the nearby airport), as well as four red plastic garden chairs, a full oil tank, damaged car parts and various.
“Thanks and congratulations to Georgina, Luca, Marta and Damiano and the new Graziella, Francisca, Elena, Ambrogio, Fabio, Maurizio to whom we also give a warm welcome, in particular Fabio, for bringing the brioches, he starts on the right foot!”