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#Bitcoin is Dumping – But Why? Is It Over? 🤔 Yesterday, Bitcoin tested the range high for the third time and got rejected again. This area is proving to be strong resistance. Previously, rejection from this same level led to a breakdown below the range. Now, this is the first time BTC is retesting the range high after reclaiming it. A breakout on the first attempt is usually super bullish but rare, which is likely why we saw a rejection here Now, two possible scenarios can play out: 🟢 Scenario 1 (Green): Price consolidates a little and then breaks out aggressively to the upside. 🟠 Scenario 2 (Orange): Price consolidates and breaks down toward the mid-range ($99,400 wicks below possible) for a retest before another leg up. Overall, both scenarios are bullish. Scenario 1 is quick and explosive, while Scenario 2 may take a bit more time to play out since we haven't seen any retest after the range reclaim.

$BTC Starting to look like a temporary top. Don't be shocked, if we see a deeper pullback before clearing ATH. A break below $100k would be the trigger towards $90k - $85k area. #bitcon $BTCUSD

Range highs is resistance though so definitely an area to be cautious

European fintech giant Trade Republic has secured a full license from Germany’s financial regulator (BaFIN) to offer crypto services. With the move, it became the latest company to get licensed under the Market in Crypto Assets (MiCA) framework. According to Circle Senior Director for EU Strategy and Policy, Patrick Hansen, who shared the development on X, the firm is now authorized to custody crypto assets, execute orders, receive and transmit orders, and provide crypto transfers on behalf of clients. The license allows Trade Republic to offer all these crypto services throughout the 30 European Economic Area (EEA) countries. However, it would still rely on trading platforms and market makers to execute trades. Hansen described the move as evidence of how financial institutions in the region are already making efforts to get licensed under the MiCA before the transition period ends. He said: “The race is on: neobanks, brokers, other fintechs, and even traditional banks are all moving quickly to secure their MiCA licenses before transition periods end.” The transition period for the unifying crypto regulation for Europe is when crypto entities can operate without MiCA licenses in the EU. It is expected to end by the start of July 2026 or until the regulator grants or refuses authorization for companies that have applied. Trade Republic is one of the leading online brokers in Europe, with over 100 billion in assets under management and eight million customers across several European countries. It expanded to Italy earlier this year. Meanwhile, Trade Republic getting authorization to offer crypto services by BaFIN means that 25 companies have now gotten licenses under the MiCA framework. This highlights how slow the licensing process has been in Europe, given that MiCA went into full force in December 2024. There have been concerns that the region’s regulatory approach may harm its efforts to attract crypto entities, especially when other regulators in Asia, the US, and the Middle East have become more permissive of the industry. However, it appears companies are still making efforts to comply with the new regulatory standards in Europe. Interestingly, the German financial regulator is leading in approval rate, with the BaFIN licensing nine out of the 25 countries. Hansen noted that this is 36% of all regulating crypto service providers on the continent. So far, the biggest name to have secured a license appears to be Circle , the issuer of USDC stablecoin. The company remains the only MiCA-licensed global stablecoin issuer after getting authorization as an electronic money institution from France’s ACPR, allowing it to issue USDC and EURC. Other crypto firms that have obtained licenses include OKX, BitGo Europe, MoonPay, Hidden Road, Socios.com, and BitStaete have also secured licenses. Interestingly, Ripple recently bought Hidden Road, likely to gain easier access to the European markets. While a few major crypto companies already have MiCA licenses, others, such as Binance, Kraken, Robinhood, and Tether, are currently not licensed in the region. Although most of them have started the application process, there is a risk that some of these companies may not operate in Europe. Tether, for instance, has already decided against getting a MiCA license for its USDT stablecoin, claiming that the requirements are dangerous for stablecoins. This has made MiCA-compliant platforms in the region that delist USDT. However, it is not just the big companies that this affects. Some experts believe that MiCA could leave lasting damage on the crypto startup scene in Europe as most startups may not meet the licensing standards or be able to bear the cost of the process. Crypto attorney Ilja Nikiforov predicted that around 75% of European registered crypto companies would lose their registration by mid-2025 if they cannot get a MiCA license. He added that funding for European crypto startups has declined by more than 90% from the 2022 peak. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Worldcoin (WLD) price has shown signs of both exhaustion and potential accumulation, and traders are now closely watching whether the next breakout will be bullish or bearish. Let’s break down the recent price action using the daily and hourly TradingView charts to understand where WLD price could be heading next . On the daily chart, WLD price recently faced rejection around the $1.40 to $1.50 resistance zone , which aligns with the Fibonacci 0.618 level from the recent rally. This area acted as a profit-booking level after the price surged from around $0.70 to $1.50 earlier in May. The chart is currently showing a minor pullback, with the last Heikin Ashi candle attempting a green close at $1.10, indicating buyers are slowly stepping in. Importantly, WLD price is hovering just above its 20-day Simple Moving Average (SMA ) at $1.097, with the 50-day SMA at $0.915 and the 100-day SMA at $0.973, forming a bullish moving average ribbon. These averages are starting to align in a classic bullish sequence: 20 > 50 > 100. Historically, this alignment precedes a strong continuation trend. To quantify the retracement: If we take the swing low near $0.70 and the swing high near $1.50, the 38.2% retracement comes around $1.18, and the 50% retracement is around $1.10. Worldcoin price currently trades at $1.10, exactly around the 50% Fibonacci pullback zone, which is often a critical support in uptrends. If WLD price manages to close above the $1.18 level again, the next likely targets would be: The hourly chart paints a short-term bearish picture with WLD trading under a tight compression zone below the SMA ribbon (20, 50, 100, and 200 SMA). All moving averages are trending down, and the price is struggling to reclaim the 1.20 level, which has acted as resistance since the drop from $1.30. Despite this bearish bias, the Heikin Ashi candles are showing early signs of flattening, and a potential base might be forming around the $1.10 - $1.12 support zone. Also noteworthy is the pivot point at $1.1235, which coincides with current price action. If the bulls can gain control here and push the price above the 200-SMA near $1.22, then short-term momentum could flip bullish again. A quick projection based on an average hourly range of $0.05 suggests that if $1.22 breaks, Worldcoin price could swiftly test $1.30 again within 24–36 hours. When comparing the daily rally structure and recent consolidation, there’s a strong case that Worldcoin price may be forming a bull flag — a continuation pattern. The steep rally followed by a slanted consolidation toward key moving averages typically precedes a breakout. However, if the support around $1.10 fails, then this flag could break downward, and the price might slide to $0.97, the 100-day SMA and the prior breakout zone. Probability-wise: Let’s run a simple Fibonacci extension from the most recent low near $0.97 to the high of $1.50. Using the 1.618 extension rule: Target = (High - Low) * 1.618 + Low = (1.50 - 0.97) * 1.618 + 0.97 = 0.53 * 1.618 + 0.97 = 0.8575 + 0.97 = $1.83 If the rally resumes above $1.50, then $1.83 becomes the next Fibonacci-level target before any major pullback. Worldcoin price is currently in a neutral-to-bullish consolidation phase. As long as WLD price holds above the $1.10 mark, the bullish structure remains valid. A daily close above $1.18 will strongly increase the chances of a rally toward $1.50 and beyond. However, traders must watch the $1.08–$1.10 support closely. A break below this zone could trigger a sharp move down to $0.97. The broader momentum still favors bulls, but in the short term, patience is needed before a decisive trend resumes. If the bulls take over, $1.83 is a realistic May target. Worldcoin (WLD) price has shown signs of both exhaustion and potential accumulation, and traders are now closely watching whether the next breakout will be bullish or bearish. Let’s break down the recent price action using the daily and hourly TradingView charts to understand where WLD price could be heading next . On the daily chart, WLD price recently faced rejection around the $1.40 to $1.50 resistance zone , which aligns with the Fibonacci 0.618 level from the recent rally. This area acted as a profit-booking level after the price surged from around $0.70 to $1.50 earlier in May. The chart is currently showing a minor pullback, with the last Heikin Ashi candle attempting a green close at $1.10, indicating buyers are slowly stepping in. Importantly, WLD price is hovering just above its 20-day Simple Moving Average (SMA ) at $1.097, with the 50-day SMA at $0.915 and the 100-day SMA at $0.973, forming a bullish moving average ribbon. These averages are starting to align in a classic bullish sequence: 20 > 50 > 100. Historically, this alignment precedes a strong continuation trend. To quantify the retracement: If we take the swing low near $0.70 and the swing high near $1.50, the 38.2% retracement comes around $1.18, and the 50% retracement is around $1.10. Worldcoin price currently trades at $1.10, exactly around the 50% Fibonacci pullback zone, which is often a critical support in uptrends. If WLD price manages to close above the $1.18 level again, the next likely targets would be: The hourly chart paints a short-term bearish picture with WLD trading under a tight compression zone below the SMA ribbon (20, 50, 100, and 200 SMA). All moving averages are trending down, and the price is struggling to reclaim the 1.20 level, which has acted as resistance since the drop from $1.30. Despite this bearish bias, the Heikin Ashi candles are showing early signs of flattening, and a potential base might be forming around the $1.10 - $1.12 support zone. Also noteworthy is the pivot point at $1.1235, which coincides with current price action. If the bulls can gain control here and push the price above the 200-SMA near $1.22, then short-term momentum could flip bullish again. A quick projection based on an average hourly range of $0.05 suggests that if $1.22 breaks, Worldcoin price could swiftly test $1.30 again within 24–36 hours. When comparing the daily rally structure and recent consolidation, there’s a strong case that Worldcoin price may be forming a bull flag — a continuation pattern. The steep rally followed by a slanted consolidation toward key moving averages typically precedes a breakout. However, if the support around $1.10 fails, then this flag could break downward, and the price might slide to $0.97, the 100-day SMA and the prior breakout zone. Probability-wise: Let’s run a simple Fibonacci extension from the most recent low near $0.97 to the high of $1.50. Using the 1.618 extension rule: Target = (High - Low) * 1.618 + Low = (1.50 - 0.97) * 1.618 + 0.97 = 0.53 * 1.618 + 0.97 = 0.8575 + 0.97 = $1.83 If the rally resumes above $1.50, then $1.83 becomes the next Fibonacci-level target before any major pullback. Worldcoin price is currently in a neutral-to-bullish consolidation phase. As long as WLD price holds above the $1.10 mark, the bullish structure remains valid. A daily close above $1.18 will strongly increase the chances of a rally toward $1.50 and beyond. However, traders must watch the $1.08–$1.10 support closely. A break below this zone could trigger a sharp move down to $0.97. The broader momentum still favors bulls, but in the short term, patience is needed before a decisive trend resumes. If the bulls take over, $1.83 is a realistic May target.