What we will talk about today...

Crypto Price Analysis: BTC Near $100K, Altcoins Show Mixed Signals

Bitcoin edges close to $100K, backed by strong ETF inflows, while altcoins exhibit varied trends. Bulls eye higher targets, but extreme greed in the market suggests caution.

• Main Points:

  • Bitcoin Near Milestone: BTC inches toward $100K, with potential to hit $125K.

  • Altcoins' Performance: ETH, SOL, and ADA maintain bullish momentum; others face key resistance.

  • Market Sentiment: Extreme greed at 87 on the Fear & Greed Index hints at volatility.

• Detailed Insights:

  • Bitcoin (BTC): Approaching $100K, supported by ETF inflows surpassing $100B. A break above could target $113K and $125K, while a dip below $86K may signal correction.

  • Ethereum (ETH): Rebounded above $3,225, eyeing $3,900–$4,094. A fall below $3,000 could lead to $2,850 support testing.

  • Solana (SOL): Hit a new high above $264; next target at $304 if $248 holds. Below $218 signals a pullback.\

  • Binance Coin (BNB): Could rise to $667 or $810, but a break below $594 may delay further rallies.

  • XRP: Targeting $1.70 after breaking $1.27. A fall below $1.27 risks a pullback to $1.

  • Dogecoin (DOGE): Above $0.44 could lead to $0.50 or $0.59. Below $0.32 risks a drop to $0.25.

  • Cardano (ADA): Heading toward $1. A failure to hold $0.80 support may see $0.63.

  • Avalanche (AVAX): Breaking $42 resistance could target $50. Below $28 risks prolonged consolidation.

  • Shiba Inu (SHIB): A bullish move above $0.000026 could target $0.000039. Below $0.000023 suggests weakness.

  • Toncoin (TON): Could rise to $7 if it surpasses $6. Below $5.30 risks falling to $4.44 support zone.

Related: MicroStrategy: Bitcoin Game-Changer or Risky Bubble?

Despite bullish trends, market conditions call for strategic planning and caution amidst heightened investor sentiment.

WHAT WE RECOMMEND😉

To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You

Just Clicking The Subscribe Button Helps Us Continue
For Free Forever

Trump Nominates Bitcoin Advocate Scott Bessent as Treasury Secretary

Scott Bessent, a Bitcoin supporter, is Donald Trump's pick for Treasury secretary. His appointment could reshape U.S. economic policy, including potential digital asset strategies.

• Main Points:

  • Pro-Bitcoin Nominee: Bessent advocates for digital assets and market innovation.

  • Policy Priorities: Focus on tax cuts, deregulation, and tackling federal debt.

  • Bitcoin Reserve?: Trump's team hints at a strategic national Bitcoin reserve.

• Detailed Insights:

  • Digital Assets Policy: Bessent may push for U.S. leadership in cryptocurrency and blockchain.

  • Economic Agenda: Plans to support a strong dollar while addressing federal debt.

  • Broader Vision: Trump aims for an "America First" economy led by innovation and entrepreneurship.

  • Bessent's Crypto Stance: Believes Bitcoin fosters youth engagement and aligns with capitalism.

  • Key Challenge: Managing a $36 trillion debt amid evolving financial regulations.

Related: Bitcoin’s $98K Milestone: Diamond Hands Selling Outpaces ETF Inflows

Bessent’s nomination underscores a potential shift in U.S. economic and crypto strategies under Trump's leadership.

Peter Schiff Points to MicroStrategy Behind Bitcoin’s $99K Surge

Gold advocate Peter Schiff credits MicroStrategy’s $3 billion move for Bitcoin’s rally to $99,180 but warns of potential risks.

• Main Points:

  • MicroStrategy's Role: Raised $3B via debt to expand Bitcoin holdings.

  • Bitcoin's Momentum: Surged past $70K, $85K, and $99K with strong institutional support.

  • Schiff’s Warning: Leveraged buying could backfire if institutional demand fades.

• Detailed Insights:

  • Institutional Impact: MicroStrategy’s purchases heavily influence Bitcoin's price action.

  • Market Indicators: RSI signals overbought conditions at 82, while EMAs stay bullish.

  • Volatility Risks: Dependency on leveraged strategies may trigger severe market corrections.

  • Sustainability Question: Uncertainty looms over Bitcoin’s ability to maintain $100K.

  • Trading Volume: High activity underscores retail and institutional buyer confidence.

Related: Ethereum Rises: Golden Cross and $4K Breakout in Sight

While Bitcoin's rally garners optimism, Schiff’s critique highlights potential market vulnerabilities tied to institutional actions.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results