As the week draws to a close, Bitcoin continues to show signs of resilience following its dramatic flash crash to the $101,000 price level last weekend. After days of intense volatility and heavy liquidations across the market, the world’s largest cryptocurrency has managed to stabilize above this level, even reaching as high as $113,400 during the week. 

In this context, crypto analyst Tyrex shared a bullish outlook on X, stating that the worst of the downturn is behind and that Bitcoin could soon be gearing up for an upward surge back to $117,000.

Bitcoin’s Price Action Reinforces Bottoming Thesis

Tyrex believes Bitcoin’s repeated defense of the $108,000 to $105,000 zone is a strong indication that the market has already bottomed out. Throughout the week, price action remained around this critical area despite continued selling pressure. This means there is the presence of a firm support at this level. 

Related Reading

The analyst explained that if the correction were still unfolding, Bitcoin would have already slipped below $108,000. Instead, the consistent retest and hold of this range suggests exhaustion of the bearish trend and a setup for a rebound. Such resilience after major drawdowns has often preceded powerful recovery rallies in previous Bitcoin market cycles.

According to Tyrex, Bitcoin’s current consolidation phase is forming a base for the next leg higher. He projected that the price could climb toward $117,000 in the coming sessions once short-term resistance levels are cleared. The broader technical structure still favors the bulls, with many traders viewing last weekend’s crash as a reset that flushed out excessive leverage rather than a signal of long-term weakness. Momentum indicators have also begun to flatten out, and we could see renewed buying interest from both retail and institutional traders into the next week.

Altcoins To Benefit From Bitcoin’s Strength

Tyrex also suggested that the broader crypto market will follow Bitcoin’s lead once it begins to move decisively upward. The majority of altcoins followed Bitcoin’s crash last weekend and plunged massively. Ethereum, Solana, and XRP all fell below support levels as market sentiment soured.

Related Reading

However, smaller assets are beginning to stabilize alongside Bitcoin, due to confidence among traders expecting the worst to be over. Tyrex warned investors not to misinterpret the ongoing sideways movement as a sign of further decline, noting that “the market already crashed, let it rest.”

At the time of writing, Bitcoin is trading at $105,300. Heading into the new weekend, Bitcoin’s ability to close the week above $105,000 could set the stage for a breakout to $111,000 and $117,000. If this scenario unfolds, Tyrex’s projection that the crash has concluded and a new uptrend is forming could soon prove accurate. However, failure to hold above $105,000 could lead to a further downtrend.

Featured image from Pixabay, chart from Tradingview.com

Marcus has slammed persistent arguments over Dogecoin Tip Jar allocation.

Billy Marcus, the co-founder of Dogecoin, has blasted some enthusiasts of the project, who have continued to argue about the allocation of the DOGE Tip Jar. 

His comments come after a member of the Dogecoin community slammed non-developers for always talking about the Tip Jar and believing that it is their right to have an opinion on the matter. 

“Good morning rise n shine n build, except to the folks who keep talking about the tip jar who assume it’s their business and have contributed 0 code to dogecoin core yet feel entitled to dictate what happens with it,” the user said in a tweet. 

gm rise n shine n buidl except to the folks who keep talking abt the tip jar who assume its their business and have literally contributed 0 code to dogecoin core yet they feel entitled to dictate what happens w it. #doge #dogecoin #dogearmy pic.twitter.com/fRc9rC5sC7

— bluezr #dogenerate (@KBluezr) September 15, 2022

Marcus’ Reaction

The tweet resulted in a lengthy thread that drew the attention of Marcus, who also gave his opinion. Marcus said since the Tip Jar is causing serious arguments, he believes the best way to solve the issue is to give the “dissenter” his share. 

“[…] but [the dissenter] doesn’t want that because it would prevent him from moral grandstanding,” Marcus added. 

According to Marcus, the issue should not persist further, and the Dogecoin community should not be a part of the debate. He added that he was not rewarded for creating the Dogecoin Tip Jar and contributed immensely to the first five updates of the project. 

“the community shouldn’t be a part of this bullsh.t debate…”

“I didn’t get sh.t for creating the thing and doing the first 5 releases, so f**k the tip jar and f**k everyone arguing this shit still,” Marcus added. 

it’s nothing to do with fairness, it’s yet another dick swinging contest

— Shibetoshi Nakamoto (@BillyM2k) September 15, 2022

 

Discussions About Dogecoin Tip Jar

The Tip Jar has been a major topic of discussion in the Dogecoin community. The violation of the payout policy of the Tip Jar prompted DOGE community members to send tips directly to Core developer Patrick Lodder. 

Lodder, in a GitHub post, said the tips he receives whenever there is a new release do not belong to him alone. He stated that he has saved the tips and vaulted them to a time-locked p2sh address, which will be shared among other core developers. 

– Advertisement –

You might have missed out on Dogecoin and with the recent influx of Elon-centric tweets and a pledge to fund a satellite with Dogecoin, you’re probably salivating at the mouth at the future potential of cryptocurrency and rightfully so…

However, it’s what cryptocurrencies like Shiba Inu and HUH Token are currently doing that might be of interest to cryptocurrency holders.

 It appears that with the ever-growing acceptance of digital money and the ‘regulation of crypto just around the corner’, it appears that more and more people are getting into the world of cryptocurrency and here’s why… 

Reason 1: A SHIB Whale

At the time of writing this article, a SHIB whale invested over $136million into Shiba Inu, which had also seen a rise of over 6% in the same 24hrs… from those kinds of numbers, it might be decerned that Shiba Inu is gaining further and more popular than it already garnered from its 2020 launch! 

It appears that with Dogecoin on the rise, and a journey to the stratosphere, that Shiba Inu couldn’t be far behind and that investors are wanting to become a holder of one of the top dogs on the market this crypto season. 

Experts believe that Shiba Inu, paw in paw with Dogecoin, managed to dominate 85% of the meme currency market this year (2021) now that’s a rather astonishing number given the plethora of coins on the cryptocurrency market these days. 

However, it appears that the dog-faced cryptocurrency has something that investors, new and seasoned, can’t deny and that’s the power of the meme! 

Popularity seems to be a rather valuable asset in the cryptocurrency sphere. 

Financial expert Robert Courtneidge believes that ‘with regulation just around the corner, that further layers of protection will be added to cryptosphere for the holders and investors as crypto makes leaps and bounds into becoming a more formal financial endeavour’.

It seems that Robert is not alone in this thinking, as the likes of HSBC and JPMorgan have also spoken about implementing the likes of cryptos blockchain technology (digital currency structures) to accept certain payments… sporting groups like the NBA are also dipping their muscular legs into the crypto pool too and as the pool of usage grows for coins like Shiba Inu the value increases at the same time.

It appears that at the brink of a new year, 2022, Shiba Inu could be in for a marvellous season with even greater effect than what the dog-faced cryptocurrency has already seen in its short life. 

Reason 2: HUH Token Heading To The Moon

HUH Token launched in early December of 2021 and saw tremendous beginnings which are continuing at the writing of this article. 

HUH Token burned $4million worth of their own HUH with the aim of increasing the value of the Utimeme token for its holders, and it appeared with over 12,000 holders that HUH Token pleased many people a week ahead of Christmas week. 

In fact, HUH Token have aims of 1 million holders in 3 months which could exponentially see the world’s first utimeme reach even further heights, though what makes HUH Token so different to Shiba Inu and why would you want to become a holder of a new currency? 

I hear you (sort of); becoming a holder of a new cryptocurrency like HUH Token means you won’t be missing out on cryptocurrency that has the potential to skyrocket in the new year… with already having amassed over $147million in market cap. 

Some HUH Token holders even witnessed their $1000 deposits turned into $10,000 in a matter of hours, and as HUH Token continues to grow so does its value for HUH holders. 

Having missed out on Dogecoin isn’t so bad when the likes of HUH Token are around and offering a plethora of future potential having seen such popularity (popularity = value) in under its first month on the market. 

In fact, HUH Token offer many unique qualities that simply aren’t found on the cryptocurrency market, like their utimeme capabilities and their multichain technology that spans Ethereum and Binance… potentially offering great protection from the cryptocurrency market as regulations are just around the corner.

Another unique offering is the HUH Tokens smart contract referral system where the holder receives a unique code that when used by others can have the holder receive a 10% BNB bonus and the referred party earns a 10% sales fee reduction… all of this from simply sharing and using a code… and said code can be used by as many people as you like… now that could be a lot of 10%BNB bonuses. 

However, it looks that HUH Token’s previous trend of generosity has continued, from its $4 million burn to its current goal of a $500 million market value on Poocoin by Sunday, December 26th, by offering $500,000 worth of HUH Token to new and seasoned investors via a premium deposit mechanism. Deposits must begin at $1,000 and can be increased as needed… 5 winners will be chosen at random and the top 20 deposit winners will be rewarded in the following way by HUH Token:

The top prize is $100,000 in HUH Tokens. Nos. 2 and 3: $70,000 in HUH Tokens apiece

Nos. 4 and 5 have $30k in HUH each.

Each of the numbers 6 to 25 is worth $10,000 in HUH.

The winners’ tokens will not be vested and can be sold as soon as they are received.  This will be running from now until the 26^th of December at 00:00 GMT+1.

Though aside from that, HUH Token has many humanitarian endeavours, like how they’re planting 1 million trees for its first one million holders and similar exercises of care that are outlined in their WhitePaper. 

Though don’t just take my word for why Shiba Inu and HUH Token could be reasons why missing out on Dogecoin just isn’t that bad, you can check out stats and figures of the cryptocurrencies in this article from the likes of Poocoin, Coinmarketcap.com, Coingecko.com, BitForex, PancakeSwap, UniSwap, BSCScan and more!

Remember, if you’re looking to get into crypto, as I imagined you might be, it’s always best to do your own research into cryptocurrency before becoming a holder and you can do that by Googling or visiting the links below for more information.

Website: https://huh.social
HUH Official Swap- https://swap.huh.social/
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/