Bitcoin price movements have taken a sharp turn amid the investment rotation into private currencies, as the overall market mood has changed due to the US government’s tightening of mining giant Bitmain and the weakness of the US dollar (USD). The Winklevoss twins’ $100 million investment in Zcash-ZEC indicates an increase in demand for encrypted crypto transactions, coinciding with U.S. security concerns that threaten the supply of American security devices. Closed-circuit computers (ASICs) specialize in mining digital currencies, while traders await the possibility of a rebound in the price of Bitcoin thanks to signals that they are reaching an oversold range accompanied by the approach of a critical demand range.
Winklevoss twins invest in Zcash as demand for privacy rises
The Winklevoss twins continue to invest more in privacy coins as demand for crypto transactions rises due to concerns about the prospects of artificial intelligence. Through their new crypto treasury foundation, Cypherpunk, the twins have raised $100 million with the goal of owning around 5% of Zcash’s total supply.
The twins describe Zcash as “Bitcoin in its encrypted form” and argue that it is suitable for private spending without compromising the narrative of Bitcoin as a primary store of value. Zcash will see strong momentum in 2025 with the growing importance of privacy for crypto users and developers. The twins believe that improving privacy and programmability will help support cryptosystems. Crypto technology, not just specific blockchain networks.
This support also strengthens Bitcoin’s position in the market, as a renewed interest in private currencies could attract new users to the crypto sector and would help to increase demand for this currency in a sustainable way.
Bitmain faces US investigations into national security threats
Bitmain, the largest producer of Bitcoin mining equipment, has reportedly been the subject of a US investigation over potential national security threats. According to Bloomberg, officials are exploring the possibility of remotely controlling ASIC mining devices or using them to put pressure on the U.S. power grid. This investigation is part of Operation Red Sunset, led by the National Security Bureau.
This is not the first time that Bitmain has faced legal toughening, since in 2024 the US authorities imposed a temporary ban on its shipments due to concerns related to the state of Hawaii, which will be published later. It is worth noting that any obstacles Bitmain faces could affect mining activities in the United States. The company’s share represents 80% of the global market.
Although Bitmain has denied these allegations and stated that it is unable to control its devices remotely, local mining costs may increase and productivity may decrease in the short term due to concerns over ASIC mining devices, and the increasing diffusion of such equipment may contribute to increasing the scarcity of Bitcoin supply in a sustainable manner, in addition to concerns over mining markets and prices for the foreseeable future.
Technical analysis of the Bitcoin price
The Bitcoin price outlook is pessimistic as it continues to recover from its recent setback. The price retreated into the $83,000-$84,000 demand range that caused strong rebounds in March and July, and the selling was more steady than panicked; Trading candles recorded lower tails and smaller bodies, while signs of easing selling pressure began to appear as the price approached the historical consolidation range.
Bitcoin price completed the CD correction wave equivalent to its predecessor AB, which placed it at the edge of the green demand zone shown in the chart, which is consistent with the starting point of the long-term upward trajectory extending since October 2023, which provided a technical intersection that generally convinces institutional investors of its attractiveness in order to re-enter.
In the same context, momentum indicators showed that the currency was going through an oversold wave, since the relative strength index (RSI) at 22 represents its lowest level since the collapse of the FTX platform. The Bitcoin price also experienced recovery waves that extended for weeks whenever the index reached below 25, notably with the formation of exhaustion candles (hammer and doji type) immediately after hitting the support range.
Therefore, a bounce could prompt the price to retest the $88,000-$89,000 range, followed by another upswing to retest the $96,000-$97,000 breakdown range. The first technical confirmation of the bullish momentum will be formed by a daily close above the 20-day exponential moving average (EMA-20) which is stable around $94,000, but a breakout of the current support range exposes the price to a retest of the level. Deeper support is at $74,500.
Suggested Trading Settings
The obvious choice for beginning traders seems to be to wait for an optimistic candlestick pattern (such as a bullish engulfing candlestick pattern, hammer candlestick, or extended tail doji) to form above the ask range, the formation of which would indicate that buyers are returning.
Intuitive trading settings to exploit price fluctuations:
- Log in: Confirming a bullish trend reversal by closing above the $84,000 level
- Stop Losses: Less than $74,500 (minimum request range)
- Goals : $88,500, $97,000, $111,000
This zone usually represents a transition from fear to consolidation, and the price of Bitcoin could begin to rise – in 2026 – towards its all-time high ($124,000) if buyers can regain momentum.
Bitcoin Hyper-HYPER: the next evolution of Bitcoin on the Solana blockchain
Bitcoin Hyper launches a new phase of the Bitcoin technical system; While the Bitcoin Blockchain represents the gold standard in security, the new Bitcoin Hyper solution now gives it what it has always lacked, and by that we mean speed comparable to that of the Solana Blockchain, and the result: ultra-fast and inexpensive smart contracts, decentralized applications (dApps), and even the creation of meme currencies, while maintaining the security of the underlying Bitcoin blockchain layer.
For its part, the project team pays great attention to reliability and scalability, and the smart contract for its currency was successfully audited by the Coinsult team in conjunction with growing investor interest and strong momentum. The subscription proceeds exceeded the $28.3 million mark, with a limited number of coins remaining for sale at a price of $0.013315, before increasing through successive subscription stages.
With the growing activity on the Bitcoin Blockchain and the growing demand for efficient applications based on it, Bitcoin Hyper emerges as a real bridge between two of the largest technical systems in the world of digital currencies.
If Bitcoin laid the foundation, Bitcoin Hyper will make it faster, more flexible and more fun than ever.
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Post-Bitcoin (Bitcoin-BTC) Price Forecast: Will it bounce back or retest lower levels as crypto markets slide towards critical levels? appeared first on Cryptonews Arabic.
