Bitcoin Investment Advisor Warns Top Predictors, Ascertains Cryptocurrency Still in Early Growth Phase

Bitcoin Investment Advisor Warns Top Predictors, Ascertains Cryptocurrency Still in Early Growth Phase - Explanation Provided

Crypto Insights: June 23, 2025

In a recent update, crypto analyst Cheds shared his perspective on Bitcoin's (BTC) price action. Despite briefly touching the six-figure mark at $110,000, he doesn't believe it signifies a bull market top. Bitcoin's long-term uptrend is strong as it fluctuates above multiple moving averages, indicating there's still plenty of room to grow.

"I mean, come on, look at the weekly chart. It's clear as day that this is an uptrend—price above the EMA 8, significant distance to the rising MA 200, and a healthy slope to the rising 200. There's no denying its strength. It's hard to call a top yet, we're just taking a breather now."

In 2021, Bitcoin plunged after failing to break the $69,000 barrier twice, spiraling into a bear market that drove BTC to $16,000.

Currently, Cheds notes crucial support levels at $88,500, should $96,000 be tested and failed. However, any predicted top now is speculative and unsupported by available information.

At the time of writing, Bitcoin trades at $101,957.

Now, let's dive into some major events from the crypto industry this week:

RoboCorp.co Unveils Human Data Search Engine: RoboCorp.co has become the first service to convert human knowledge and expertise into passive crypto income through its new search engine.
Reddio Mainnet Alpha Goes Live: Reddio’s first parallel EVM for AI-native dApps, aimed at simplifying Web 3.0, has debuted in Mainnet Alpha.
Stably Introduces Advisory Services for Institutions and Enterprises: Stably, the stablecoin creator, has launched services that provide institutions with the resources they need to create and manage their own stablecoins.
R0AR Lists on BitMart: R0AR, the meme token, has made its CEX debut on BitMart, expanding its accessibility to a wider audience.
GAP 3 Partners becomes Dubai's First Regulated Virtual Asset Investment Advisor: GAP 3 Partners, joined by VARA, has stamped its place as Dubai's first regulated virtual asset investment advisor, marking a significant milestone for the region's crypto sector.
Polemos Lists PLMS Token: Polemos’ PLMS token has been introduced on MEXC and Uniswap, bolstering the development of Web 3.0 gaming infrastructure.
Meta Earth Network 2.0 Launches: Meta Earth Network 2.0 brings innovative Web 3.0 solutions to the table, offering rewards and global events to users.

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Industry Announcements

RoboCorp.co Debuts World's First Search Engine That Converts Human Data and Expertise Into Crypto IncomeJune 25, 2025
Reddio Mainnet Alpha Is Live - The First GPU-Accelerated Parallel EVM for AI-Native dAppsJune 25, 2025
Stably Introduces Stablecoin Development and Advisory Services for Institutions and EnterprisesJune 24, 2025
R0AR Lists on BitMart - 1R0R Makes CEX DebutJune 23, 2025
GAP 3 Partners FZCO Becomes Dubai's First Regulated Virtual Asset Investment Advisor With Operational License From VARAJune 23, 2025
Polemos Launches PLMS Token on MEXC and Uniswap, Advancing Web 3.0 Gaming InfrastructureJune 22, 2025
Meta Earth Network 2.0 - Pioneering Web 3.0 Innovation With Rewards and Global EventsJune 20, 2025

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Bitcoin Investment Advisor Warns Top Predictors, Ascertains Cryptocurrency Still in Early Growth Phase - Explanation Provided