BitMine and Strategy have announced fresh cryptocurrency purchases. While BTC continues to attract buyers above $81,000, ETH has yet to break past $2,400, leading to a relatively quiet period for altcoins. Investors are now watching to see where crypto prices are headed next. Will BTC set the pace for the entire market? And, after a prolonged slump, is this the right moment to buy TON Coin?
Bitcoin market outlook
The latest proposal made to Iran has not received a positive response. Nonetheless, the indefinite ceasefire declared by Trump remains in effect. As the situation drags on, oil prices have remained in the triple digits, and this week, markets will be confronted with the reality of inflation. With Producer Price Index (PPI) expected to approach 4%, there is growing concern that rising energy inflation will continue driving up producer costs day by day.
Analyst and investor perspectives
Trump is scheduled to meet with Xi this week, suggesting we may see important developments emerge from the Chinese side as well. So what is the current picture for Bitcoin? Analyst Jelle, writing under a pseudonym, believes that even if the bear market ends, Bitcoin will offer more entry opportunities.
“My plan for BTC hasn’t changed. Even if the bear market is over, Bitcoin usually offers several solid buying opportunities before it really starts to move. I’m not convinced we’ve seen the bottom yet—but if so, we’ll spot it at the next higher low.
Until then, let’s be patient.”
Today’s report from On-Chain Mind noted that long-term investors are not engaging in aggressive profit-taking despite the recent rally. This is significant, as a sharp uptick in long-term holders selling could signal the risk of a deeper bear market bottom.
“Long-term investors are not aggressively cashing out profits in this BTC rally. That’s an important point.
If long-term holders were unloading their positions here, I would be much more cautious. But so far, profit-taking has been limited. The strong hands aren’t using this rally as a massive exit opportunity—at least not for now.”
TON Coin under the spotlight
Today, analyst Sherpa focused on one of his favorite altcoins, TON Coin. Despite a prolonged decline, Sherpa believes the current price action remains weak, and because the zone has been tested several times, now may not be the best time to buy in.
“I’ve been watching this level for a while, but the reaction has been weak and this area has already been tested multiple times. It might still be worth a try, but I think I’ll wait a bit longer, maybe until around $2.15.”
For now, Sherpa signals caution, indicating he prefers to wait for a potential entry point closer to $2.15 for TON Coin. The altcoin’s recent weakness and repeated testing of support levels have prompted many investors to take a wait-and-see approach rather than jumping in prematurely.
Meanwhile, the broader market remains attuned to moves in BTC and global macroeconomic developments, which are likely to set the tone across major cryptocurrencies and influence altcoin dynamics in the days ahead.
