Bitcoin is approaching a critical tipping point as two powerful bullish patterns, the Cup & Handle and the Inverse Head and Shoulders, align to signal a potential breakout storm. With momentum building and key resistance levels now within reach, the market is bracing for what could be a major explosive move.

BTC Climbs Above 93,160 As Cup & Handle Targets 104,000

Charting BTC on the 4-hour timeframe, analyst Kamile Uray revealed that the price is currently moving above the $93,160 level. Uray is closely monitoring the price, as a successful close above this level would confirm the breakout of a recently formed cup and handle pattern. According to this classic pattern, a confirmed breakout targets the $104,000 level.

If BTC reaches the $104,000 target without forming a wicking reversal, it would also decisively break the falling blue trendline. Breaking both this trendline and the pattern target would provide strong evidence for the continuation of the overall uptrend. The analyst highlighted that the next major resistances are located at the $98,200 and $107,500 levels. A break above $107,500 and the falling blue trend on the daily chart will serve as the ultimate sign that the long-term uptrend is fully resumed.

Uray suggests that retests after the breakout of the pink box ( the handle resistance area) can be evaluated as potential trade entries. The mandatory stop-loss for these trades should be placed at a daily close below the pink box, maintaining strict risk management.

Conversely, should the price fail to hold the pink box, the immediate support zone to watch is the $83,822 – $82,477 region below. A bearish scenario is confirmed by a daily close below $82,477, signaling a continuation of the downtrend. In this case, the market would likely seek the next support zone at $74,496 – $71,237, which represents the previous top broken in November 2024. If this zone holds, a major uptrend reversal could be expected again.

IH&S Pattern Confirms Reversal Momentum

According to a recent update by Crypto VIP Signal, Bitcoin’s recent price action has confirmed a significant bullish reversal. The asset has successfully surpassed the $87,500 mark and has also broken through the key level of $90,000. This upward movement confirms that the Inverse Head and Shoulders (IH&S) pattern has acted as expected, triggering a strong trend reversal signal. 

The analyst noted that the current market structure appears strong because the price increase is being supported by healthy trading volume. With the reversal confirmed, Crypto VIP Signal noted that the next technical benchmark for the market is $95,000, and it will be interesting to see how the price behaves when it tests this resistance point.

Republicans are already spinning the report as a "nothing burger."

A cryptocurrency analyst has pointed out how the Tom Demark (TD) Sequential has just given a buy signal on the weekly XRP price chart.

TD Sequential Is Printing A Weekly Buy Signal For XRP

In a new post on X, analyst Ali Martinez has talked about a TD Sequential signal that has appeared on the weekly XRP chart. The “TD Sequential” refers to an indicator from technical analysis (TA) that’s generally used for locating points of probable reversal in a given asset’s price.

It involves two phases: the setup and countdown. In the first phase, the “setup,” the indicator counts up candles of the same polarity (that is, whether red or green) up to nine. Once these nine candles, which don’t have to be consecutive, are in, it gives a reversal signal.

Naturally, this signal is a bullish one if the candles leading up to the setup’s completion were red. Similarly, the asset may see a bearish turnaround if the candles were green.

As soon as the setup is over, the second phase, the “countdown,” picks off. This phase is quite similar to the setup, with the only difference being that the TD Sequential counts up thirteen candles here instead.

After the thirteen candles of the countdown are also in, the asset could be considered to have reached another point of trend exhaustion. In other words, it may be likely to see another reversal.

Now, here is the chart shared by Martinez that shows the TD Sequential setup that has formed in the 1-week price of XRP:

As displayed in the above graph, XRP has completed this TD Sequential setup with nine red candles, a sign that the bearish trend may have reached an end. The signal has appeared as the cryptocurrency’s price has started to breach below the $2.0 level following a significant decline of 9.5% during the past day.

It now remains to be seen whether XRP will now turn itself around like the TD Sequential suggests, or if more bearish price action is in store. Another digital asset that has witnessed a TD Sequential setup is Ethereum. In its case, the signal may be holding up so far.

As Martinez has highlighted in another X post, Ethereum’s 12-hour price completed a setup with nine green candles on Saturday.

Since this bearish signal has emerged, Ethereum’s price has plummeted back to the $2,750 level and has erased its recent recovery gains.

XRP Price

At the time of writing, XRP is floating around $2, down more than 9% in the last seven days.

Sturnus, an advanced Android banking trojan, has been discovered by ThreatFabric. Learn how this malware bypasses end-to-end encryption on Signal and WhatsApp, steals bank credentials using fake screens, and executes fraudulent transactions.

The private messaging app Signal just announced the much-awaited feature for its users – secure…

Signal App Introduces Secure Cloud Backup For Chats on Latest Hacking News | Cyber Security News, Hacking Tools and Penetration Testing Courses.

There are numerous free messaging apps around, but one of the most popular is Telegram. Telegram earned that reputation mainly because of two features: group chat facilities and security.  Its huge possibilities for groups and channels are unchallenged, but concerning security, there are some issues we have to explore.

Telegram is an open source app created by two Russian brothers, Nikolai and Pavel Durov. The app was banned from Russia, however, and the company now has offices in the United Kingdom, Germany, and Dubai. Concerning data storage, Telegram has a hybrid system where you can decide whether to store the data on your phone or one of the several servers worldwide. The first point of concern: Telegram has not subjected its app to an independent and experienced auditor. For that reason, it is wise to be suspicious.

You need a mobile phone number to register and use Telegram. Apart from that, the phone is not a necessary tool because Telegram also has desktop apps for Windows, Mac, and Linux. However, essential features like secret chats are not available on the desktop version. That can be confusing because you are not necessarily aware of some contacts not having read your secret chats because they do not use a mobile device.

How safe are these normal, secret chats? To start with normal chats, they are not encrypted at all. Even WhatsApp is safer in this regard. Sending normal messages in Telegram, therefore, is an absolute no-go. It is kind of confusing and problematic that encryption is not applied by default. Other secure messaging services – such as Signal – apply end-to-end (E2E) encryption on all communications (normal chats, group chats, and voicecalls) by default.

The group chat possibilities on Telegram are huge, with support for up to 200.000 members per group. These chats (cloud chats) are securely encrypted only in transit between devices. But the group chats are not safe. Telegram can read chat data since it handles the encryption and decryption of messages at the servers.

If you use the secret chat option, all messages are end-to-end encrypted using MTProto. Secret chats are not stored on the Telegram servers and can only be accessed through the sending and receiving devices. Secret chats also have auto self-destruct options and informs about the other end taking a screenshot, further increasing the security. Finally, voicecalls are automatically E2E encrypted and are considered to be secure.

If we take a closer look at the privacy policy and the encryption method – MTProto security – things start to get worse. The protocol has been criticized by several cryptography experts. Concerning Telegram’s privacy policy, Telegram can collect lots of personal information like IP address, devices, and history of usernames and keep it for up to twelve months. They will probably also use this to utilize aggregated metadata. Finally, the information in the cloud chats is not safe either, can be shared with linked companies, and could be provided to law enforcement institutions.

Sophos post exploring Signal’s new PIN Secure Value Recovery system to help you maintain your @signalapp account even if you lose or change phones. I learned they’re using @Intel SGX. https://t.co/oFwBE6qJgf #IAmIntel #security #privacy #messaging

— Jim St. Leger (@JimStLeger) May 22, 2020

To be on the safe side, go for a more secure alternative like Signal. If you wish to continue using Telegram, be aware that your IP address will be saved. Therefore, install a VPN when making an account and to use the app. Furthermore, do not use your own phone number when creating an account, but use a paid or free SMS service (disposable SMS). Finally, only use secret chats and voicecalls. Keep these precautions in mind, and some Telegram features can be safe.

For individuals or groups who place high importance on privacy and security, there are far better alternatives, free or paid. Some examples are Signal, Threema, and Wire.

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