hodler

12 May 2026, 13:49

Bitcoin may avoid historic bear market losses as ETF flows grow, says analyst

The current Bitcoin bear market drawdown is far smaller than previous bear markets, as steady ETF inflows and corporate Bitcoin buying continue to absorb selling pressure.

12 May 2026, 13:42

Bitcoin Price Prediction: $82K Breakout May Open $86,582

Bitcoin is holding above the bull market support band, while traders watch the $82,000 area as the next key breakout level. A clean move above this resistance could strengthen the bullish setup and shift focus to the $86,582 Fibonacci target. Bitcoin Holds Bull Market Support Band as Traders Watch $82K Level Bitcoin closed the week above the bull market support band, keeping attention on whether buyers can hold the reclaimed zone and push through the next major moving average resistance. The chart shared by Daan Crypto Trades shows Bitcoin moving back above the bull market support band after a sharp rebound from its recent lows. The band sits near the upper-$70,000 area, while BTC now trades close to the next resistance zone around $82,000. Bitcoin Bull Market Support Band. Source: Daan Crypto Trades on X Daan Crypto Trades said the weekly close above the band was solid. He added that bulls need to sustain this area and clear the daily 200-day moving average and 200-day exponential moving average near $82,000 to confirm stronger continuation. The bull market support band often acts as a key trend zone during larger Bitcoin cycles. When BTC holds above it, traders usually view the structure as stronger. When price falls below it, the market often needs more time to rebuild momentum. The chart also shows the weekly 200 EMA near $68,837 and the weekly 200 MA near $61,125. Bitcoin’s recent rebound held above both long-term averages, which keeps the wider structure stronger than it was during the March low. However, the $82,000 area remains the main short-term test. A clean break above that level would show stronger buyer control and could support further upside. Until then, Bitcoin is still testing resistance after reclaiming the support band. If BTC fails to hold above the band, price could move back toward the high-$70,000 zone. A deeper pullback would put the weekly 200 EMA back in focus as the next major support area. Bitcoin Tests 100% Fib Extension as Breakout Target Near $86,582 Comes Into Focus Bitcoin is testing a key resistance area near the 100% Fibonacci extension, according to a chart shared by Man of Bitcoin. The setup shows BTC reacting several times around this level, making it the main short-term barrier for further upside. Bitcoin 100% Fib Extension Setup. Source: Man of Bitcoin on X Man of Bitcoin said BTC has reacted multiple times to the 100% Fib extension level. He added that a decisive break above this resistance would open the door to the next target at $86,582. The chart shows Bitcoin moving inside a rising short-term structure after its rebound from the April low. Price has pushed into the upper part of the channel, but buyers still need a clear breakout above the marked resistance zone. The $81,960 area appears as the 100% Fib extension level on the chart. Bitcoin has tested this region several times, but the move has not yet turned into a confirmed breakout. A clean move above it could shift attention to the 1.236 Fib extension near $86,582. Above that, the chart marks higher extension levels near $89,529 and $94,621. However, the first major target remains $86,582 because it sits closest to the current breakout zone. If Bitcoin fails to break above the 100% Fib extension, traders may watch the $78,180 level as nearby support. A deeper pullback could bring the $76,555 and $74,917 zones back into focus.

12 May 2026, 13:40

TD Cowen Stands by $16 Price Target for Sharplink, Calling Stock’s Discount ‘Increasingly Difficult to Justify’

BitcoinWorld TD Cowen Stands by $16 Price Target for Sharplink, Calling Stock’s Discount ‘Increasingly Difficult to Justify’ TD Cowen has reiterated its Buy rating and $16 price target for Sharplink (NASDAQ: SBET), the publicly traded Ethereum accumulator, signaling confidence in the company’s strategy even as its stock trades at a notable discount to its underlying asset value. The analyst’s decision comes as Sharplink continues to build its position in the world’s second-largest cryptocurrency. According to a report from The Block, Sharplink currently holds approximately 873,000 Ether (ETH), valued at roughly $2 billion based on current market prices. This translates to an estimated $9.68 per share in ETH alone. A Widening Gap Between Stock Price and Asset Value Sharplink’s stock closed at $7.76 on the prior trading day, meaning it trades at approximately 0.8 times its net asset value (NAV). TD Cowen noted that this discount is becoming increasingly difficult to justify, particularly given the firm’s capital efficiency and the growing institutional and retail demand for ETH. The $16 price target represents a significant upside from current levels, implying a more than 100% increase. The target is based on a valuation that more closely aligns with the company’s ETH holdings and its potential for future accumulation. Why the Discount Matters to Investors For investors, the persistent discount between Sharplink’s market capitalization and the value of its ETH holdings creates a potential arbitrage opportunity. If the market begins to price Sharplink’s shares closer to their NAV, early investors could see substantial gains. The discount also raises questions about market perception of the company’s management, strategy, and the inherent volatility of its primary asset. TD Cowen’s maintained rating suggests the firm believes the market is overlooking the fundamental value proposition. The analyst’s view is that as ETH demand grows—fueled by spot ETF inflows, DeFi activity, and institutional adoption—Sharplink’s holdings will appreciate, and the stock price should eventually follow. Context and Market Implications Sharplink’s model is distinct among publicly traded companies. It functions as a leveraged play on Ethereum, accumulating the asset through a combination of capital raises and operational cash flow. This strategy has drawn both praise for its clarity and criticism for its concentration risk. The company’s substantial ETH position makes it one of the largest publicly disclosed holders of the cryptocurrency, alongside firms like MicroStrategy (which holds Bitcoin) and Galaxy Digital. The stock’s performance is therefore closely tied to ETH’s price trajectory, as well as the market’s willingness to value the company beyond its liquidation value. Conclusion TD Cowen’s reaffirmed Buy rating and $16 price target for Sharplink underscores a belief that the market is undervaluing the company’s substantial Ethereum holdings. Whether the discount narrows will depend on broader market sentiment toward ETH, Sharplink’s ability to execute its accumulation strategy, and investor confidence in its management. For now, the analyst’s call presents a clear thesis: the stock’s price does not fully reflect the value of the assets on its balance sheet. FAQs Q1: What is Sharplink’s primary business? Sharplink is a publicly traded company that accumulates and holds Ethereum (ETH) as its primary asset. It generates value through the appreciation of its ETH holdings and strategic capital management. Q2: Why is Sharplink’s stock trading at a discount to its NAV? The discount may reflect market concerns about the volatility of ETH, the company’s concentrated asset strategy, or a general lack of investor confidence in crypto-focused equities. TD Cowen believes this discount is unwarranted given the firm’s capital efficiency. Q3: What does TD Cowen’s $16 price target imply? The $16 target suggests the stock could more than double from its current trading price of $7.76. It is based on a valuation that more closely aligns with the company’s net asset value and its potential for future ETH accumulation. This post TD Cowen Stands by $16 Price Target for Sharplink, Calling Stock’s Discount ‘Increasingly Difficult to Justify’ first appeared on BitcoinWorld .

12 May 2026, 13:35

EUR/GBP Price Forecast: Bulls Challenge 100-Day SMA as UK Political Turmoil Weighs on Pound

BitcoinWorld EUR/GBP Price Forecast: Bulls Challenge 100-Day SMA as UK Political Turmoil Weighs on Pound The EUR/GBP currency pair has seen renewed buying interest this week, with bulls pushing the exchange rate toward a key technical barrier: the 100-day Simple Moving Average (SMA). This move comes as political uncertainty in the United Kingdom continues to exert downward pressure on the Pound Sterling, creating a favorable environment for the Euro. Technical Breakdown: The 100-Day SMA in Focus The 100-day SMA has historically acted as a significant inflection point for EUR/GBP. A sustained break above this level could signal a shift in the medium-term trend, opening the door for a move toward the next resistance zone around 0.8650. However, traders should be cautious. The pair has previously tested this moving average only to reverse, suggesting that sellers may defend it aggressively. Key support lies near the 0.8550 region, which has provided a floor for the pair in recent sessions. A failure to hold above the 100-day SMA could see a retest of this support level. Volume and momentum indicators, such as the Relative Strength Index (RSI), are currently in neutral territory, offering little directional bias at this stage. Fundamental Drivers: UK Political Turmoil The primary catalyst for the Pound’s recent weakness is the escalating political instability in the UK. Reports of internal party divisions and policy disagreements have eroded investor confidence in the government’s ability to manage the economy effectively. This has been compounded by a lack of clarity on key fiscal measures, leaving markets uncertain about the UK’s near-term economic direction. In contrast, the Euro has found some support from relatively stable economic data from the Eurozone, although the region still faces its own challenges, including sluggish growth and persistent inflation concerns. The divergence in political stability between the UK and the Eurozone is currently the dominant narrative driving the pair. What This Means for Traders and Investors For forex traders, the EUR/GBP pair is offering a clear technical setup. The test of the 100-day SMA is a critical juncture. A decisive break above this level, confirmed by a daily close, would likely attract further buying interest. Conversely, a rejection could lead to a period of consolidation or a pullback. Investors with exposure to UK assets should monitor this political situation closely. Continued uncertainty could lead to further depreciation of the Pound, impacting the value of Sterling-denominated holdings. The situation remains fluid, and any resolution to the political deadlock could quickly reverse the current trend. Conclusion The EUR/GBP pair is at a pivotal point. The technical test of the 100-day SMA coincides with a period of pronounced political risk in the UK. The outcome of this test will likely set the tone for the pair in the coming weeks. Traders should watch for a confirmed break above the moving average for a bullish signal, while a failure to do so would favor the bears. The focus remains squarely on developments in Westminster. FAQs Q1: What is the 100-day SMA and why is it important for EUR/GBP? The 100-day Simple Moving Average is a widely watched technical indicator that smooths out price data over the last 100 days. It acts as a dynamic support or resistance level. For EUR/GBP, it is a key barrier that bulls must overcome to signal a sustained uptrend. Q2: How does UK political turmoil directly affect the Pound? Political instability creates uncertainty about future economic policy, which can deter foreign investment and reduce confidence in the currency. This often leads to selling pressure on the Pound as investors seek safer or more predictable assets. Q3: What are the next key levels to watch in EUR/GBP? Above the 100-day SMA, the next major resistance is around 0.8650. On the downside, initial support is at 0.8550, with a break below that potentially targeting the 0.8500 psychological level. This post EUR/GBP Price Forecast: Bulls Challenge 100-Day SMA as UK Political Turmoil Weighs on Pound first appeared on BitcoinWorld .

12 May 2026, 13:32

Four signs that Bitcoin has recovered to ‘full’ bullish momentum

Expanding Bitcoin price momentum, recovering liquidity and surging network activity all point to continued bullish control.

12 May 2026, 13:30

XRP ETF Inflows Return as Price Momentum Tests Key Resistance Levels