updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Bitcoin’s market cycles have often followed recognizable technical structures, and one analyst now believes those repeating structures may already be pointing toward the next major bottom.
This is the foundational principle behind why Elliott Wave, Harmonic Patterns, and Wyckoff theory work: trade an asset long enough, and it begins to show a pattern memory. Right now, that memory is speaking. And it’s pointing to a Bitcoin price bottom below $40,000.
A chart shared by market commentator Lisa N Edwards outlined how Bitcoin’s retracement behavior could determine where the current cycle eventually stabilizes during the current downturn. The analysis revolves around the concept of pattern memory, the idea that assets with long trading histories tend to repeat certain behavioral patterns across cycles.
Pattern memory shows that Bitcoin’s previous market cycles have consistently ended near specific Fibonacci retracement levels from the previous peak. These levels have always acted as areas where the Bitcoin price finally found a durable bottom before beginning a new bull phase.
During the 2013 cycle, Bitcoin ultimately formed its bottom near the 0.86 Fibonacci retracement. The 2017 cycle followed a similar structure, once again reaching the 0.86 retracement low before a new accumulation phase began. However, the 2021 market cycle bottom occurred slightly higher, around the 0.786 retracement level.
Bitcoin Price Chart. Source: @LisaNEdwards On X
If October 2025 was the true cycle high for Bitcoin, as the monthly chart on the 1M timeframe suggests, then history gives us a roadmap for where price is likely headed before the next major bull run begins. Applying the same retracement framework to the current market cycle produces a range where Bitcoin may eventually bottom if history repeats.
Mapping the current cycle’s Fibonacci retracement from the cycle low to the October 2025 high reveals three critical zones. The 0.618 sits at approximately $57,000-$58,000, which also aligns closely with the Weekly 200 Moving Average. However, this level alone may not represent the final low, based on how previous cycles behaved.
Instead, deeper retracement levels appear more consistent with historical patterns. This is where the 0.786 and 0.86 retacements come into play. The 0.786 retracement level sits near $39,000 and coincides with the monthly 100-moving average. Beneath that, the 0.86 retracement level falls around $31,000.
Both levels have previously defined major cycle bottoms; therefore, Bitcoin’s next long-term low could be somewhere within the $39,000 to $31,000 range if the October 2025 peak proves to be the true cycle high.
Some market commentators have floated lower downside targets, including projections that Bitcoin could revisit the $20,000 region. However, the pattern-memory analysis shows that such a drop would represent a complete breakdown of Bitcoin’s historical cycle behavior.
Featured image created with Dall.E, chart from Tradingview.com
To enhance profitability and mitigate the impact of cyclical downturns, Samsung is focusing on advanced memory chips, particularly high bandwidth memory chips that are crucial for AI servers and processors.
Samsung Electronics, the South Korean tech giant, released its preliminary earnings guidance for the third quarter (Q3 2023), indicating a notable 77.9% drop in operating profit compared to last year.
According to the company, the decrease in profitability is primarily attributed to the lingering effects of a prolonged slump in memory chip prices, which have posed challenges for the semiconductor industry. However, analysts remain optimistic, believing the fourth quarter may witness a turnaround driven by significant production cuts across the sector.
Samsung’s earnings guidance suggested that the operating profit for the third quarter is estimated to be approximately 2.4 trillion won, equivalent to $1.8 billion. This announcement also predicts a decline in revenue by 12.7% to 67 trillion won for the quarter compared to the previous year. Remarkably, when viewed on a quarter-on-quarter basis, the operating profit is projected to have surged by a remarkable 258.2%, with revenue increasing by 11.7%.
Traditionally, the company has not been forthcoming with detailed explanations for its earnings reports. However, the South Korean tech giant is expected to release a comprehensive earnings report later this month, providing a more in-depth analysis of its financial performance, including net profit and earnings within different sectors.
The projected operating profit of 2.4 trillion won has drawn significant attention for surpassing the market consensus offered by FnGuide.
The market had expected a third-quarter profit of 2.1 trillion won, along with revenue reaching 67.9 trillion won, based on assessments by 22 securities firms operating in South Korea.
In response to the preliminary earnings announcement, Samsung’s stock prices increased by 2.7%, closing at 68,200 won. The stock market reacted positively, driven mainly by expectations of a potential recovery from the ongoing downturn.
Analysts are optimistic that the company’s earnings may have bottomed out despite the expected significant loss in the semiconductor division for the third quarter. This optimism is rooted in Samsung’s strong performance in its mobile and display divisions, particularly thanks to the successful launch of the new Galaxy Z Flip 5 and Fold 5 models.
Liz Lee, associate director at Counterpoint Research, commented on the situation, noting that:
“Its semiconductor division likely incurred a loss of 3 trillion won as the company focused on higher-end chips, such as DRAM chips for artificial intelligence, while continuing to cut production of older legacy chips. However, the loss was mostly offset by the outperformance of its mobile and display divisions. With the eased inventory burden and rebound in memory prices, its fourth-quarter earnings are expected to improve further.”
To enhance profitability and mitigate the impact of cyclical downturns, Samsung is focusing on advanced memory chips, particularly high bandwidth memory (HBM) chips that are crucial for AI servers and processors.
The company is set to unveil its HBM chip roadmap at an event in San Jose, California, next week to attract more customers.
It is important to note that Samsung’s semiconductor division has faced significant challenges throughout the current downturn, resulting in a consistent decline in operating profit over the past four quarters.
The first quarter of the year saw a 95.5% drop in operating profit to 640.2 billion won, the lowest in 14 years, followed by another 95.4% decline in the second quarter to 668.5 billion won, marking the second-worst performance in 14 years.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
In July 2015, the Ethereum blockchain was launched by Vitalik Buterin and his team of co-founders. With its native cryptocurrency Ether (ETH) and smart contract functionality, Ethereum aimed to become a decentralized world computer that could execute peer-to-peer agreements and applications.
Over the past eight years, Ethereum has cemented itself as the leading smart contract platform, enabling a new wave of decentralized applications across finance, gaming, collectibles and more. It’s also established itself as the second-largest cryptocurrency by market cap, behind only Bitcoin in terms of importance.
To celebrate eight years of Ether, let’s take a walk down memory chain and revisit some of king of altcoins’ major milestones along the way.
Ethereum was first proposed in late 2013 by programmer Vitalik Buterin, then just 19 years old. Buterin envisioned it as a blockchain-based computing platform that could execute decentralized applications and smart contracts. It was announced in January 2014 at the North American Bitcoin Conference in Miami.
In 2014, Buterin partnered with other co-founders including Gavin Wood, Jeffrey Wilcke, Charles Hoskinson, and Anthony Di Iorio to start developing Ethereum. The non-profit Ethereum Foundation was created in Switzerland to oversee open-source development. The Genesis block launched and went live on July 30, 2015. At launch, the initial Ether supply was 72 million coins, with an initial price around $0.311 per ETH. Since then, it has become the leading smart contract blockchain platform and the second largest cryptocurrency after Bitcoin.
In 2017, Ethereum became the platform of choice for launching initial coin offerings (ICOs) – a novel way for crypto startups to crowdfund by selling tokens. That year saw over $6 billion raised through ICOs as investors rushed to fund emerging blockchain projects.
However, lack of regulation around ICOs led to many sham offerings, eventually leading to a partial collapse of the ICO market. Nevertheless, Ethereum provided the fundamental infrastructure that enabled the ICO mania and funded many legitimate projects in the space.
Starting in 2018, Ethereum became the foundation for the emerging DeFi – an alternative financial system built on blockchain technology and decentralized networks rather than centralized intermediaries.
DeFi protocols like MakerDAO, Aave, Compound and Uniswap utilize Ethereum’s smart contracts to recreate traditional financial instruments like loans, savings accounts and exchanges in a transparent, global and permissionless way.
The growth of DeFi has been astounding, with over $20 billion worth of assets locked into Ethereum DeFi protocols today. DeFi has expanded the utility of Ethereum and showcased the potential of decentralized applications.
In 2017, the ERC-721 standard was proposed as a way to create unique, blockchain-based non-fungible tokens (NFTs) on Ethereum. But NFTs saw mainstream breakout only in 2021, as Ethereum NFT marketplaces like OpenSea, Rarible, and SuperRare hosted multi-million dollar sales of digital art and collectibles.
NFTs represented a new application for Ethereum – helping digital creators monetize their work through scarcity and proof of ownership on the blockchain. While NFTs have received their share of criticism, they undeniably expanded the cryptocurrency’s appeal to new demographics in art, gaming and pop culture.
In September 2022, Ethereum completed its much-awaited Merge upgrade, transitioning from energy-intensive proof-of-work consensus to the greener and scalable proof-of-stake consensus mechanism.
This monumental technological shift promises to make Ethereum more sustainable and ready for further upgrades like sharding. While the Merge doesn’t automatically reduce gas fees, it lays the foundation for the blockchain to keep pace with its growing adoption.
Ethereum has come a long way from its inception as a “world computer” for decentralized applications. Even as Ethereum faces stiff competition from chains like Solana, there’s still tremendous potential for Ethereum to expand its capabilities.
Here are some emerging use cases that could drive adoption over the next few years:
After eight years of growth, Ethereum is no longer an experiment – but a battle-tested smart contract platform with a vibrant ecosystem. As Ethereum continues maturing, its decentralized vision could have profound implications for finance, technology and beyond over the next decade. The true capabilities of Web3 are still just beginning to take shape.
A full eight years later, #Ethereum is up over 598,000% from its ICO launch price of $0.31 per ETH pic.twitter.com/N0zvzWDXWl
— Tony “The Bull” (@tonythebullBTC) July 31, 2023
Analysts say that expected figures from Samsung will likely reveal a heavy crash in operating profit as the company struggles to sell chips.
Samsung Electronics Co Ltd is expected to see an unprecedented crash in first-quarter profit. According to a Reuters publication, Samsung will likely suffer its worst profit crash in 14 years as it struggles with excess memory chip production. Samsung is currently unable to sell its memory chips as demand continuously wanes.
The general market awaits Samsung’s preliminary first-quarter results this week, with detailed results expected later in the month. Speculations suggest that Samsung’s official figures will confirm what is already thought to be trying times for the multinational conglomerate.
For instance, 27 Refinitiv SmartEstimate analysts expect a 92% crash in operating profit, to 1.08 trillion. According to company figures cited by Reuters, this is the lowest since the 590 billion profit recorded at the end of 2009’s first quarter. It is also a far cry from the 14.12 trillion won operating profit recorded in 2022.
Samsung recently launched a new flagship smartphone, the Galaxy S23. Although analysts expect the new product to pull its weight in profit, it would likely not prevent Samsung’s profit from the crash caused by the chip surplus.
As of 2022, Samsung is the world’s largest memory chip, smartphone, and TV maker. Usually, the company is a strong enough predictor for related trends. Consequently, a plunge as heavy as the expected may be more than just a confirmation of the economic drag. Samsung has been unable to sell these memory chips as the usual buyers, including computer manufacturers and data centers, have significantly reduced their purchases. Instead of new purchases, these companies are simply selling up their reserves to meet demand.
The economic decline has also seen a crash in the price of memory chips. According to market intelligence provider TrendForce, the prices of DRAM memory chips, used for PCs and smartphones, fell nearly 20% in the quarter. TrendForce also says NAND flash chips, used for data storage, fell between 10% and 15% in the same period.
In 2022, Samsung’s total revenue was 302.2 trillion won, an 8% increase from the 279.6 trillion recorded in 2021. However, the company’s operating profit for the quarter that ended in December was 4.3 trillion won. This was a 69% crash compared to the same period in 2021. In a January statement, Samsung said it “expects the impacts of the economic downturn to continue for the time being” in 2023. Regardless, the company expects that demand will “begin recovering” sometime in H2 2023.
Nevertheless, Samsung’s investments are not slowing down. Last month, Samsung Group said it would invest up to 300 trillion Korean won (nearly $228 billion) in South Korea for a new semiconductor complex. The complex is expected to be the world’s largest.
Samsung already has support from the South Korean government. The government wants the complex outside Seoul and hopes it would provide several jobs for residents in the area.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
With the current outlook in the industry, most players in the memory chip ecosystem are gradually tapering their expectations as it concerns profitability, but are now more focused on survival.
The constraints in the memory chip manufacturing industry have been heightened remarkably with a reduction in the demand from consumers globally. As a result of the bearish outlook, more companies operating in the industry are beginning to see their earnings, and survivability threatened.
According to a Bloomberg report, the expectations from the industry have not materialized much as many believed the emergence of new markets including 5G and cloud services will help push earnings upward. In sharp contrast to this expectation, the earnings have plunged and most of the major firms operating in the space have clogged warehouses filled with products that have not been demanded by consumers yet.
“The chip industry thought that suppliers would have better control,” said Avril Wu, senior research vice president at TrendForce. “This recession has proved everyone was wrong.”
Many chip manufacturers are not exploring avenues to combat this worrying trend and one of the ways they are doing this is by cutting investment in research and expenditure. While the heat is an encompassing one, South Korean multinational tech giant and the industry’s biggest player Samsung Electronics Co Ltd (KRX: 005930) chose to take a different approach from the broader market.
Back in 2022, Samsung chose to keep investing in the chip industry in hopes that at the end of the ongoing winter, it would have outpaced its major competitors and onboarded its customers as expected. While the downtime in the industry is far from over making it hard to determine whether the company will have the last laugh, the only guarantee remains that the company might be the least impacted amongst its core competitors in the space.
At the time of writing, Samsung shares were down by 2.01% to 63,300 Korean Won, an indication of an encompassing battery in the chip industry.
With the current outlook in the industry, most players in the memory chip ecosystem are gradually tapering their expectations as it concerns profitability, but are now more focused on survival.
One of the core avenues by which many are pushing forth this renewed focus is in merger and acquisition as is being pursued by the duo of NAND makers Western Digital Corp (NASDAQ: WDC) and Kioxia Holdings Corp. With both firms jointly producing their products at this time, the expectation is that the merger, if completed, will not disrupt any productive engagement.
In all, the players in the space are reducing their supply until market conditions get better following projections of overall consolidation in the near term.
“The NAND market continues to face tough competition, and the recovery will be followed by a quarter of the recovery in the DRAM market,” said Xin Jinho, co-CEO of Midas International Asset Management. “Eventually, we are going to see consolidation in the NAND market if the position goes long.”
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
The most recent change will boost resources for Plutus scripts and the increasing number of decentralized applications that use them
Cardano developer Input Output has put forward a proposal to increase the limit of memory units per block for the blockchain’s Plutus scripts from 56 million to 62 million, according to a Monday announcement.
The change, which will boost the network’s capacity, is expected to come into effect later today.
Developers will be able to make use of this extra memory by running more sophisticated scripts.
Cardano has been routinely implementing several incremental improvements that are meant to make the proof-of-stake blockchain more scalable. Last month, its block size was boosted by 11%.
The Input Output is expecting to see “high volumes” of network traffic as more decentralized applications are launching on top of the network. Developers warn that users may occasionally face delays in transactions. As reported by U.Today, the mainnet launch of decentralized exchange SundaeSwap was accompanied by a slew of technical difficulties that prevented the application from functioning properly.
Minswap, the biggest decentralized application on Cardano with $176.9 million in total value locked, sparked controversy in September due to the “concurrency” issue that prevented users from performing basic swaps.
As usual, developers will keep testing the network before implementing further changes after the next epoch.
ADA, the native token of the Cardano blockchain, is currently trading in the green, adding 11.06% over the past week.
As reported by U.Today, the total value of assets staked in Cardano protocols recently jumped by 13%. According to Input Output, there are roughly 500 projects in the pipeline. They cover such sectors as lending, gaming, and non-fungible token marketplaces.
Cardano has made another significant upgrade regarding the limits of memory units, and now its director of architecture spreads the word about it on Twitter
Input Output Hong Kong Twitter account has shared a recent mid-month video update from YouTube, where the director of Cardano architecture, John Alan Woods, spoke about the recent Cardano upgrade and what it is about.
According to Woods, Cardano has increased the limits of its memory units per block for Plutus scripts (Cardano-specific software programs) on Cardano mainnet. Overall, he stated that this year is dedicated to scaling Layer 1 on Cardano mainnet.
Recently, substantial improvements to Cardano block size have been made. The blockchain started off with blocks of 64 Kb, then improved the size to 64 Kb and, finally, the block size was recently increased to 80 kilobytes.
The next series of changes was made to the amount of memory units. Plutus requires both computational resources (CPU units) and memory units.
It started with 10 million units, then this amount was increased to 11.25 million, followed by 12.5 million units. Finally, the number recently increased to 14 million memory units on Plutus. That was a 40% increase in the memory resources for Plutus scripts, as per Woods.
The most recent improvement, however, has been an increase in limits for memory units in each new block. The previous improvements in memory limits were made per transaction. Both CPU and memory units have limits per block.
Talking about the results of the improvement in layman’s language, John Woods stated that now Plutus developers can not only write scripts that do more but can also put more of those scripts into Cardano blocks that have been made bigger.
The previous increase in the per-block memory unit limit was made on Feb. 14, when the limit was raised from 50 million to 56 million per block. That allowed developers to run up to four Plutus scripts simultaneously on each block.