Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
Price Analysis news
The non-fungible token (NFT) project’s new token has had a lackluster debut in the early hours of trading.
MicroStrategy’s steady Bitcoin purchases could send its market cap above Starbucks and Nike if BTC rallies above $138,000.
Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.
Analysts say Bitcoin’s 2025 cycle target begins at $175,000 and could extend above $461,000.
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.
Ether’s price may see an imminent breakout against Bitcoin based on Ether’s correlation with the four-year Bitcoin halving cycle.
Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.
Bitcoin remaining range-bound below $100,000 could be a net positive for Ether’s price and invite more investment into the world’s second-largest cryptocurrency.
Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.