BTC reached $93,300 while peaking at $95,000 in the last 24 hours. Market volume surpassed $200 billion, yet ETH struggles to find buyers below $2,400. Although the fear index recently dipped to 10, it has surged to 39, with BTC dominance also rising. What predictions are emerging from experts?
Bitcoin Expert Opinions
Following Trump’s announcement of working on a broad reserve for crypto, BTC experienced a surge of nearly $10,000. At the time of writing, BTC remains above $93,000 and continues to outperform ETH. Michael Poppe expressed his thoughts on the CME gap around $74,000, stating:
“Bitcoin
$103,619 rapidly gained momentum after surpassing $84,000, and the recent wick at $79,000 indicates a low level for Bitcoin in this correction.
Already showing a nearly 20% rise, one should buy corrections of 25-35% during a bull market for Bitcoin.”
CryptoBullet highlighted that the CME gaps, filled sometimes in 10 or 500 days, shouldn’t surprise investors during a potential decline.
“A crazy weekly candle for Bitcoin has occurred. Sunday’s surges often appear suspicious, leaving a significant gap in CME. Such large wicks are typically filled partially; thus, we may pull back to $85,000 to fill the wick and CME gap. This isn’t necessary, but if it happens, don’t panic.
This is my short-term outlook. I still expect a new ATH in the medium term (5th of 5 Wave). We just need a weekly close above $96,500.”
BTC price has maintained key support at $92,500, while altcoins may see further upward movement. More details regarding the CEOs attending the Crypto Summit on Friday will increase activity in altcoins.
XRP Coin Whales
The third-largest altcoin, XRP, started the day with a 20% increase. It approached the $3 mark in the last 24 hours, presenting a significant selling opportunity, and now hovers at $2.68. With $2.52 acting as support, the price above $3 was a favorable selling point for some traders.
Miles Deutscher shared the above chart regarding XRP Coin whales, indicating record sales.
“Since the price has risen over 500% since November, large whales have been selling aggressively.”