The Standard Chartered strategist reverses the BTC call of USD 120K and admits that the goal could be “too low”

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  • Geoffrey Kendrick pointed out several factors that drive the bullish impulse.
  • On Thursday, Bitcoin quoted just below the $ 100,000 brand.
  • The Microstrategy software company has increased its Bitcoin purchases.
  • Bitcoin’s relentless rebound is taking some analysts to review their boldest predictions.

    Geoffrey Kendrick, from Standard Chartered, a well -known bitcoin bullish, now admitted that its previous USD 120,000 forecast for the world’s largest cryptocurrency could be too conservative.

    In an email shared with customers on Thursday, Kendrick said: “I apologize because my target of USD120K for the second quarter can be too low,” recognizing the accelerated impulse in the price of Bitcoin.

    On Thursday, Bitcoin traded just below the USD 100,000 brand, rising more than 3% to USD 99,293, after briefly touching the USD 99,897.

    Kendrick, who directs the investigation of digital assets at Standard Chartered, originally predicted last month that Bitcoin would achieve a historical maximum of USD 120,000 in the second quarter of 2025.

    His thesis was based on two main trends: a strategic change of capital away from US assets and a growing accumulation of Bitcoin by institutional “whales”, the main holders with great purchasing power.

    Now, he believes that these estimates can underestimate Bitcoin’s real potential.

    “Bitcoin’s dominant story has changed again,” Kendrick said. “Now everything is a matter of flows. And the flows are coming in many ways.”

    Kendrick pointed out several factors that drive the bullish impulse, including the increase in institutional investment through Bitcoin ETFs to the US cash.

    Only in the last three weeks, the Bitcoin ETFs have seen tickets of USD 5.3 billion, according to their analysis.

    This suggests that the main financial actors are constantly increasing their exposure to digital assets.

    He also highlighted the great movements of institutional investors.

    The Microstrategy software company has increased its Bitcoin purchases, acting effectively as a proxy action of Bitcoin exposure.

    Meanwhile, Abu Dhabi’s sovereign background has taken a position in Bitcoin Ibit’s ETF in Blackrock, and even the Swiss National Bank has invested in Microstrategy actions.

    With Bitcoin’s pricing predictions now reviewed up and institutional capital, flowing to record levels, Kendrick’s new perspective indicates a potentially explosive summer for cryptocurrency markets.

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    The Altcoins point to a bullish breakup as Bitcoin approaches the USD 100K milestone

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  • ETH points to USD 3,200 after breaking the lines of trend.
  • Sol points to a USD 230 range with a bullish configuration.
  • Doge rises more than $ 0.18 as retail interest grows.
  • An important change in the cryptocurrency market is being developed as Bitcoin approaches the USD 100,000 psychological brand, which causes renewed attention to the Altcoins.

    With Bitcoin’s domain starting to decrease, market participants are observing a wave of bullish technical signals in the main Altcoins.

    Coins such as Ethereum (ETH), Solana (Sol), Dogecoin (Doge) and Near protocol (Near) are leading what analysts believe that they can be the early stages of an extended rupture cycle of Altcoins.

    The change occurs after months of lateral movement both in Bitcoin and in alternative digital assets.

    Traders are interpreting recent consolidations in key altcoins as signs of accumulation.

    With the bullish graphic patterns that are being formed in higher time frames, the configuration for a generalized break seems to be strengthening.

    Bitcoin’s rebound triggers the interest of the Altcoins

    The constant increase in Bitcoin has captured world holders, but under the surface, there is a quieter transition.

    Market observers are noticing a drop in the Bitcoin domain, the measure of Bitcoin’s participation in the total capitalization of the cryptocurrency market, indicating that the capital is rotating towards the Las Altcoins sector.

    This development is aligned with the patterns observed in previous cycles, where Bitcoin recovers first and is followed by huge earnings in cryptocurrencies of less capitalization.

    As a result, several important tokens are now trying to exceed the long -term resistance levels that have been intact since the last bullish race.

    ETH, Sun and Doge show price strength

    Ethereum (ETH), the second largest cryptocurrency for market capitalization, has exceeded the key trend lines and now points to the USD 3,200 area.

    The movement is supported by technical indicators that point to an increase in impulse and volume accumulation.

    Solana (Sol), which has recovered strongly since the late 2024, now points to the USD 220 to USD 230.

    After bouncing from the main support areas, Sol has formed a reverse pattern of head and shoulders in the daily chart, which suggests a sustained bullish impulse.

    Meanwhile, Dogecoin (Doge), one of the most viewed memecoins, has risen above USD 0.18, a key resistance level from its maximums of early 2024.

    Doge’s rise is supported by the growing interest of social networks and the increase in the volume of retail operations, both considered speculative impulse indicators.

    Near, Kas, ada in rupture areas

    Near protocol (Near) and Kaspa (Kas) are also showing bullish configurations.

    Near has left a consolidation of months and is showing signs of institutional interest.

    The technical analysis reveals a rupture of a symmetrical triangle, which often precedes a strong continuation movement.

    Kaspa (Kas), known for its blockdag technology and its high transaction performance, is forming a classic bullish flag.

    If confirmed, the pattern could point to rapid acceleration of prices from current levels.

    Cardano (ADA) and Sonic (s) exhibit similar accumulation patterns.

    ADA is currently testing the higher trend lines, while Sonic recently completed a new test and a successful break.

    These movements suggest that Altcoins are now trying to recover a significant part of their losses in the bearish market, and analysts point out the potential of rebounds of 100-250%, if the feeling is maintained and Bitcoin remains above the critical levels.

    Technical data support an upward cycle

    The last rebound of the Altcoins is not merely speculative. It is supported by technical confirmation in higher temporal frames, including weekly graphics.

    Patterns such as the cup and the handle and the head and the inverse shoulders have been formed in several main tokens, a common characteristic during the early stages of the upward cycles.

    The broader involvement is that the Altcoins could go back around 60% of their previous losses if the impulse of the market continues to improve.

    With Bitcoin approaching the $ 100,000 brandthis change in liquidity towards the Altcoins could mark the beginning of a new wave of capital entries in the cryptocurrency market in general.

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    MOG jumps 40% as BTC approaches the USD 100K

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  • Pudgy Penguins hints at a recovery with a parabolic curve.
  • Brett recovers towards a market capitalization of 1,000 million dollars.
  • The Token Trump stabilizes and points to the resistance of USD 16.50.
  • The Memecoins market is witnessing a strong upward change in the impulse, following Bitcoin’s broader profits as its price approaches the USD 100,000 brand.

    The sector has registered a collective increase of almost 10% in the last 24 hours, with a volume of negotiation that has been doubled, driven by the revival appetite for the risk and improvement of feeling.

    As Bitcoin extends his upward stretch, the tokens meme of higher performance such as Mog Coin (MOG), P

    The rebound marks a marked change with respect to the bearish feeling that defined much of the first 2025 trimester, which shows the speed with which the impulse in the speculative space of the memecoins can change.

    MOG COIN leads profits

    Mog Coin (MOG) emerged as the best performance in the last rebound in Memecoins, winning almost 40% in a single negotiation session.

    The increase coincides with the Bitcoin’s upward movement, which has significantly improved the feeling of investors in risk assets, particularly in low capitalization tokens.

    The increase in volume and price signals increased speculative trade, typical of meme tokens during periods of high volatility in the market.

    Analysts are monitoring MOG in search of continuation signals above their short -term resistance, and it is likely that the broader market conditions determine if they can maintain their profits.

    Pengua Rebota’s price

    P

    Despite the setback, the Token is showing the first signs of recovery. Commercial activity has recovered again in the second quarter, with a volume that exceeds USD 2.2 billion during recent rebounds.

    Technically, Pengu shows a parabolic price curve with the support of a CMF Gaussian channel and a CMF divergence, indicating an increase in capital tickets.

    The MACD remains in positive territory, which suggests a bullish impulse. If the current trend is maintained, Pengu could test its resistance from the neck about USD 0.042 in the short term.

    Brett approaches the key zone

    Brett (Brett) is also participating in increasing memecoins, with its price bouncing sharply in an effort to recover a market capitalization of USD 1,000 million.

    The Token has bounced from a key support zone and is now challenging resistance levels between USD 0.065 and USD 0.067.

    The support of 50 and 200 days mobile socks has helped the Token maintain a bullish structure.

    The MACD is pointing out a possible crossing, while the sales pressure seems to be fading. If the Token exceeds the current range, analysts expect an impulse towards $ 0.11.

    Token Trump recovers

    The official Trump token (Trump) has once again the center of attention after an initial fall related to the gain taking after launch.

    After a rupture of its bearish flag, the Token Trump rises again, backed by a constant increase in the volume of operations and a RSI that is strengthened.

    Initially affected by the reports that the US president’s team. UU. He got rid of his holdings, the Token has now stabilized.

    The price action suggests that a new USD 13.50 test is being carried out.

    If it is successful, Trump could extend the profits towards USD 16.50, especially if market conditions in general are still favorable for altcoins and meme assets.

    Bitcoin rupture key

    The main driver of the current memes remains remains Bitcoin’s continuous march towards the USD 100,000 threshold.

    In the event that it exceeds this psychological level, analysts suggest that they could follow another upward stretch in the most risky cryptoactives.

    Meme tokens often benefit disproportionately from the euphoric phases of the market, which makes them possible short -term winners, but also exposes investors to a high risk.

    Despite the technical configurations that favor the rise in several tokens, the Memecoin market is still speculative.

    Prices often move quickly and react strongly to changes in feeling, volume changes and even social networks trends.

    Traders are advised to remain cautious while navigating this volatile space.

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    Cardano price prognosis 2025-2030: will adapt the USD 10 at the end of the decade?

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    • Technical data suggest a possible break in May to USD 0.80.
    • The prognosis by 2025 shows that ADA could reach $ 1,4045.
    • Analysts offer varied objectives by 2025, up to 2.62 dollars.
    • Cardano (ADA) is earning a renewed traction in the market, with a price that has risen 3.87% in 24 hours to 0.66 dollars.

      This rebound is produced in the middle of a broader consolidation of the market, positioning Ada among the highest performance of the day.

      Fountain: Coinmarketcap

      Backed by a sustained activity of developers, new integrations and a solid road map, Cardano calls the attention of investors.

      With key portfolio updates and Fiat Utility expansion, Ada’s long -term price projections suggest constant growth until 2030.

      Analysts are still divided over short -term resistance levels, but the general feeling leans towards optimism as the Altcoins season and the improvements of the network continue to develop.

      The strong activity in the chain and the highest levels of developer participation contribute even more to the recovery of the price of Cardano.

      ADA earns in the real world

      The recent integration of Cardano with Mastercard and Exchange of Kraken cryptocurrencies now allows Ada to directly become fiat into millions of points of sale.

      This gives token the expenditure capacity in the real world, which improves its practical use case compared to many altcoins.

      The network continues to focus on institutional compliance and preparation, with the help of the long -awaited Leios update, which is expected to improve scalability significantly.

      The update, in development for more than six years, addresses performance limitations and strengthens Cardano’s position in the broader blockchain ecosystem.

      May 2025 pricing configuration

      In the technical aspect, Ada quotes above its simple 9 -day mobile average.

      The RSI is about 58, which suggests a modest bullish impulse without approaching overcompra conditions. A small ascending triangle pattern is being formed in the graphics, hinting at a possible break.

      The resistance is 0.78 dollars. If that barrier is exceeded, ADA could test the mark of $ 0.80 in May. On the negative side, USD 0.67 provides short -term support.

      A fall below this could make the price back to USD 0.62. The current analysis suggests an average negotiation range between $ 0.70 and $ 0.75 for the month.

      Long -term objectives up to 2030

      Cardano’s projected growth Until 2025 and beyond is supported by its road map and the growing adoption.

      By 2025, ADA could rise to $ 1,4045, with an average price of $ 0.8778.

      A more conservative vision places the lower limit around USD 0.3511.

      In 2026, the Token can quote between 2.76 and $ 3.30, with an average set at $ 3.03.

      By 2027, ADA could reach a maximum of $ 5.03. In 2028 and 2029, average prices are expected to reach 5.51 and $ 7,235, respectively.

      Facing 2030, Cardano is expected to reach between 9,12 and 10.32 dollars.

      These forecasts suppose a successful implementation of the Leios update, a growing adoption and favorable market conditions.

      The continuous development of the ecosystem, such as the growth of Defi and the new associations, can also serve as catalysts.

      Analysts’ estimates vary

      The forecasts of the main platforms have a wide range of objectives.

      Changelly predicts that Ada could reach $ 1.12 in 2025, while coincodex sees a rise greater than 2.23 dollars.

      Binance estimate is more modest, $ 0.93.

      Each platform uses different assumptions, from technical indicators to adoption deadlines, which explain the variation.

      However, most forecasts suggest a constant ascending trajectory.

      The post prognosis of the price of Cardano 2025-2030: will adapt the USD 10 at the end of the decade? Appeared First on coinjournal.

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      Dogecoin faces a USD 500 million liquidation test while the price points to a USD 0.2 recovery

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    • Ichimoku and RSI indicators do not show a bullish impulse.
    • The next few days could determine whether Doge recovers or slides towards a deeper correction.
    • Doge is behind Bitcoin and Ethereum in the midst of a broader setback from the Altcoins.
    • Dogecoin is going through a volatile phase, since its price is just above the key support levels.

      After reaching a local maximum near USD 0.2, Doge has lay down, which generates new doubts about the memecoin strength in the current market.

      While the main cryptocurrencies such as Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain the impulse.

      The asset runs the risk of erase almost all profits of the last 30 days unless you can break the critical technical barriers and absorb significant short liquidations, estimated at more than USD 500 million.

      The next few days could determine whether Doge recovers or slides towards a deeper correction.

      The USD 0.165 area is critical

      The price of Dogecoin has remained close to a key liquidation zone in USD 0.165, where the leverage of traders has accumulated above the USD 500 million. This threshold is considered a crucial point for a possible Squeeze Short.

      Fountain: Coinmarketcap

      To break up, it is possible that the price must fall below this level to trigger settlements, which could force the exit of short positions.

      Such movement could clear the way for a stronger rebound and extend the upward trend.

      This could allow the bullies to point to a return to USD 0.18 and eventually try USD 0.2.

      Technical signals are still weak

      Technically, Dogecoin’s prospects are still weak. After not being able to stay above its ascending trend line, Doge has experienced sustained bearish pressure.

      The conversion of the cloud Ichimoku is acting as strong resistance, and there are still no indications of a bullish crossing.

      Meanwhile, the stochastic RSI has been reversed after testing the average levels, which underlines the growing influence of the bearish feeling.

      Doge is expected to test the support at $ 0.162, a level below the liquidation zone of $ 0.164.

      However, not maintaining this support could deepen the fall and make traders reassess the long -term viability of memecoin.

      0.2 dollars in 2025?

      Although Dogecoin reached up to $ 0.2 earlier this year, the question now is whether it can maintain those levels or continue rising in 2025.

      For this to happen, the Token must establish a constant bullish impulse, exceed resistance levels and attract a renewed interest of investors.

      This seems like a challenge given its current technical weakness and the absence of strong bullish signals.

      Even so, market volatility could favor sudden movements in any direction. If the expected Short Squeeze occurs after trying the USD 0.162, Doge can recover towards USD 0.18 and USD 0.2.

      But unless the general conditions of the market improve and the feeling changes decisively, reaching the mark of 0.5 dollars in 2025 seems increasingly unlikely according to current data.

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      XRP ETF tickets could exceed USD 8.3 billion by 2026, according to Standard Chartered

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      • NAV reference points for BTC and ETH ETFs support the prognosis.
      • The final deadline of the SEC for the approval of the XRP ETF is October 12.
      • Polymarket data show a 79% approval possibilities by the end of the year.

      The anticipation of an XRP stock exchange (ETF) is increasing in the cryptocurrency sector as analysts weigh the possible entries, the impacts on the market and the regulatory dynamics.

      While rumors and delays have shaped much of the recent conversation, forecasts based on key institutions now offer a clearer image.

      Standard Chartered Bank projects that an ETF in the XRP cash that lies in the US could attract between USD 4.4 billion and USD 8.3 billion in tickets within its first year, according to the reference points of net assets of assets observed in the ETF of Bitcoin and Ethereum existing.

      This projection, although optimistic, is cautious by others in the market.

      Standard Chartered bases its projection on the ETF reference rates

      Standard Chartered Digital Assets Research Head of Digital Assets, Gendrick, said the NAV capitalization proportions of the ETF to the US cash. UU. Already approved were used to model the possible XRP ETF tickets.

      The Bitcoin and Ethereum Cash ETF currently show NAV of around 6% and 3% of their respective market capitalizations.

      The application of these proportions to the XRP market capitalization results in a range of USD 4.4 billion to USD 8.3 billion.

      Kendrick highlighted the Bitwise ETP data in Europe, where XRP, Solana and Litecoin quote along with BTC and ETH.

      He pointed out that the Altcoins represent a most of the ETP NAV in relation to their market capitalizations, although this may reflect the lowest number of products available for Altcoins compared to Bitcoin and Ethereum.

      The XRP price forecast is reviewed in the middle of ETF optimism

      Based on the entrances ETF anticipated, Standard Chartered forecast A significant increase in the price of XRP.

      The bank expects XRP to rise to $ 5.50 at the end of 2025 and reach $ 8.00 in 2026.

      The objective for 2029 is set at $ 12.25.

      This forecast involves the approval of the XRP ETF and a general continuation of the growth of investment vehicles in digital assets.

      As a comparison, Kendrick said Bitcoin could reach the USD 120,000 in the second quarter of 2025, the USD 200,000 at the end of the year and the USD 500,000 in 2028.

      XRP is expected to maintain the rhythm, although with a lower general adoption and inflation differences.

      The current XRP inflation rate is 6%, compared to 0.8% Bitcoin.

      Bitfinex analysts issue a cautious counterpoint

      Despite the bullish projections, not all market observers are convinced that XRP ETFs generate the same enthusiasm as Bitcoin products.

      Exchange analysts Bitfinex cryptocurrencies argue that investors’ interest may be dispersed in an increasing list of ETF of Altcoins.

      As such, it is possible that XRP does not see entries comparable to those of Bitcoin, even if approved.

      Its caution reflects broader concerns about the saturation of the ETF market and regulatory clarity.

      While Bitcoin enjoys legal clarity as raw material, XRP has faced classification problems and legal disputes that can influence investors’ confidence.

      The schedule for the approval of the XRP ETF is still uncertain

      Several financial companies, such as Grayscale, Wisdomtree, Bitwise, Canary and 21Shares, have presented XRP ETF before the stock exchange and values ​​commission.

      Bitwise’s request was officially recognized on February 18, establishing a maximum period of 240 days, or on October 12, for a final decision.

      This reflects the timeline applied to Bitcoin Cash ETFs in early 2024.

      However, other ETF applications of Altcoins, such as those of Solana and Litecoin, could affect when a decision on XRP is made.

      According to Kendrick, Litecoin can be a priority given its similarity with Bitcoin and its historical treatment as merchandise.

      Polymarket data shows that, from now on, the probability that the XRP ETF be approved for July 31 is 39%, increasing to 79% at the end of the year.

      Analysts such as Eric Bloomberg Balchunas suggest that Litecoin could be the first among the Altcoins to obtain approval, followed by Hbar and, finally, XRP and Solana, which face unresolved security classification challenges.

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      ETH could reach USD 5,925 if the updates are successful

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      • Ethereum is the second largest cryptocurrency in the world.
      • The next great update of Ethereum, Pin, will be launched on May 7.
      • Vitalik Buterin has proposed to replace the bytes code of the Ethereum virtual machine (EVM) with RISC-V.

      Ethereum is in the spotlight again while the traders prepare for what could be a decisive year.

      With the sicking update scheduled for May 7, combining two planned improvements for a long time, Prague and Electra, the Ethereum block chain is experiencing important changes.

      At the same time, the increase in standking activity, the improvement of scalability through layer 2 solutions and the proposals to review the Ethereum virtual machine are shaping long -term expectations.

      These improvements, combined with the fall in gas rates and the increase in developer activity, are feeding new forecasts that place the maximum ETH by 2025 in almost USD 6,000.

      Ethereum’s position as the second largest cryptocurrency in the world for market capitalization continues to attract institutional attention, even in the midst of volatility.

      Its ability to admit decentralized applications and tokens ecosystems makes it fundamental for the future of cryptocurrencies.

      As the activity migrates to cheaper side chains, the base layer evolves taking into account efficiency.

      The first signals show that ETH is winning impulse

      Ethereum has begun to show the first signs of recovery after months of price stagnation.

      Eth currently quote USD 1,841, above the 9 -day simple mobile average, with the Relative Force Index at 58.3which suggests a growing impulse.

      Fountain: Coinmarketcap

      Analysts point out that the price is consolidating in a range between $ 1,600 and $ 1,900, forming a possible rounded background pattern.

      If ETH exceeds $ 1,900, the next resistance could appear about $ 2,200.

      Although gas rates revenues fell to 3.18 ETH in April and the average gas prices reached a minimum of four years of USD 0.16, the fall in network costs is making Ethereum more accessible to users.

      The strong drop in the activity of the base layer has generated sustainability concerns, but also indicates the change of transactions to layer 2 such as arbitra and base.

      Staking and Staking Add Long Term Value

      The next great update of Ethereum, Pin, will be launched on May 7 and is expected to enter a series of technical improvements.

      By combining the updates of Prague and Electra, Pirtra aims to optimize validators and reduce latency.

      Along with this, the Vitalik Buterin co-founder has proposed to replace the bytes code of the Ethereum virtual machine (EVM) with RISC-V, a widely used open-source-source instructions set.

      If it is implemented, this would help Ethereum align more closely with traditional computer infrastructure and improve future compatibility.

      The ETH Staking has also increased, and the Ethereum 2.0 network attracts a growing interest of long -term holders.

      Combined with layer 2 climbing solutions and low transaction costs, these developments are strengthening the foundations of Ethereum as a decentralized application platform.

      The eth forecast shows a wide range

      Ethereum’s pricing perspectives for 2025-2030 vary significantly depending on the feeling of the market, adoption rates and world macroeconomic factors.

      In the short term, ETH could prove the resistance in USD 2,400 at the end of 2025 if the cryptocurrency market generally tends positively.

      However, the rise is expected to be limited near USD 2,500 unless the impulse accumulates.

      County forecasts They suggest that ETH could reach a new maximum of $ 5,925 in 2025, assuming favorable conditions.

      Its price range planned for 2025 is between $ 2,917 and $ 5,925, with an average around $ 4,392.

      By 2026, the upper range increases to $ 6,610, and by 2030, the projections reach up to $ 15,575.

      In longer installments, estimates show greater growth.

      By 2040, ETH could reach 123,678 dollars, and in 2050, a potential peak of $ 255,282 is suggested.

      However, each annual estimate also includes low and medium range possibilities, which shows that the caution of investors is maintained.

      Other firms have varied forecasts: Changelly expects $ 4,012.41 in 2025 and up to $ 24,196 in 2030; Coincodex sees a maximum of 2025 of $ 6,540.51; and Binance projects more conservatives 3,499.54 dollars.

      These predictions underline how Ethereum’s value is linked to both network updates and the broader adoption of the market.

      Its future trajectory will depend on continuous technical innovation, participation incentives and cases for the use of decentralized finance.

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      BTC approaches the resistance zone while analysts warn of a possible setback to USD 76,600

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      • The key resistance zone is between $ 86,549 and $ 88,244.
      • Microstrategy buys 6,556 BTC for a value of 555.8 million dollars.
      • $ 90,000 is considered a psychological and technical barrier.

      Bitcoin has come up again to about $ 89,000, approaching its historical maximum and preparing the stage for what could be a significant breakup.

      According to cryptocurrency analyst Michael Van de Poppe the cryptocurrency is now approaching a crucial resistance band between $ 86,549 and $ 88,244.

      Historically, this level has been difficult to overcome, which often leads to temporary corrections.

      However, the current feeling of the market, combined with macroeconomic signals as a possible agreement between the United States and China, is feeding speculation about a new rebound beyond the $ 90,000.

      In a Tweet published earlier this month, Van de Poppe shared a technical chart that highlights the Bitcoin rebound and its current position near a level of historical resistance.

      He suggested that Bitcoin could first fall to try back the support at $ 80,982 before making another breakdown attempt.

      A new fall at $ 76,604 is also possible if the current support is not maintained, which would mark a new test of an anterior support level that could now act as resistance.

      Bitcoin wins 1.5% thanks to the accumulation of whales driving feeling

      Bitcoin increase above $ 88,500 has been helped by a strong accumulation of institutional actors.

      It should be noted that the US corporate shareholder. UU. Microstrategy recently acquired 6,556 BTC for a total cost of around $ 555.8 million.

      The purchase occurs in the midst of a growing interest in Bitcoin as coverage against inflation and geopolitical risks, and seems to have given the market a impulse of trust.

      According to Coinmarketcap, Bitcoin won 1.5% in the last 24 hours, which adds to its weekly gain of 4.7%.

      The increase has also raised the general capitalization of the cryptocurrency market to more than 2.7 billion dollars.

      Fountain: Coinmarketcap

      Van de Poppe said that, despite approaching the territory of overcompra, the market can continue to be upward if Bitcoin is consolidated above the $ 88,000.

      A sustained rise above $ 90,000 could open a movement towards new maximums, while if the support is not maintained around $ 80,000, prices could fall.

      Analyst warns of recoil at $ 76,604 if the support fails

      Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting that temporary correction could occur.

      Even so, many traders are considering the resistance level of $ 90,000 as the next important milestone.

      If Bitcoin manages to reach $ 90,000 as support, he could mark a psychological and technical advance.

      Historically, this type of pattern has led to a rapid price discovery.

      However, if the impulse fades, cryptocurrency can have difficulty maintaining profits and visit lower support areas.

      Van de Poppe said that a correction at $ 76,604 would still be within healthy limits and could act as a springboard for a future rebound.

      The price level was previously a key support and remains one to take into account in the short term.

      Macro trends could support Bitcoin’s impulse

      In the macroeconomic front, Van de Poppe hinted at the potential impact of global events.

      In particular, the signs of de -escalated between the United States and China could reduce market anxiety, which would cause a greater appetite due to the risk among investors.

      The geopolitical calm, combined with the institutional accumulation and favorable regulatory signals, can prepare the scenario for Bitcoin to finally exceed their superior resistance.

      However, short -term volatility should not be ruled out, especially because the asset remains close to historically reactive areas.

      As of April 14, Bitcoin quote just above $ 88,606.

      Now all eyes are put in itself the largest cryptocurrency in the world can consolidate their profits and exceed $ 90,000 in the next sessions.

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