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Reading: Bitcoin Defies Geopolitical Tensions to Maintain Strength, Altcoins Show Promise
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COINTURK NEWS > Technical Analysis > Bitcoin Defies Geopolitical Tensions to Maintain Strength, Altcoins Show Promise
Technical Analysis

Bitcoin Defies Geopolitical Tensions to Maintain Strength, Altcoins Show Promise

In Brief

  • Bitcoin holds strong despite geopolitical tensions, aided by NVIDIA's earnings report.

  • Ethereum's rise beyond $2,700 is seen as a positive development for altcoins.

  • Altcoin investors are hopeful that ETH's movements will attract attention to altcoins.

İlayda Peker
İlayda Peker 11 months ago
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Despite escalating tensions with China, Bitcoin (BTC) $77,420 continues to demonstrate resilience, buoyed by support from NVIDIA’s latest earnings report. Ethereum (ETH) $2,287 stands out, surpassing the $2,700 mark, an encouraging sign for further gains. Altcoin investors are watching ETH, anticipating that similar movements could draw significant attention to altcoins.

Contents
Bitcoin (BTC)ZK and Dogecoin (DOGE)

Bitcoin (BTC)

Bitcoin finds support at $108,600, with ETH trading at $2,709. This resistance level sets the stage for Ethereum’s rise to $3,500, contingent on further gains. As this analysis was being prepared, information from the White House indicated that tariff-related court decisions might be overturned soon. Moreover, more trade agreements are anticipated in the coming weeks, with a delegation expected to finalize deals with India by early June.

According to a recent analysis by Michael Poppe, BTC is maintaining its upward momentum despite brief pauses. He notes, “Bitcoin continues to climb level by level.” If the support level identified as a green block in the charts is lost, fast price changes may occur, typical when investors quickly react to market changes.

Ali Martinez highlights the ongoing depletion of BTC supply from exchanges, coupled with rising institutional demand. With fewer Bitcoins available for sale, prices could reach new heights, triggering sales from long-term investors as seen in past cycles.

ZK and Dogecoin (DOGE)

Many altcoins seem to be struggling, hovering near last year’s lows, despite Bitcoin’s consistent ascent. This pattern of significant fluctuations hasn’t painted a promising picture for altcoins, only recouping half of their losses during rallies.

In today’s examination of ZK Coin, CryptoBullet targets levels between $0.115 and $0.15. The target could be realized if the inverse head and shoulder pattern completes in the daily chart analysis.

Similarly, Trader Tardigrade predicts Dogecoin $0.10886 (DOGE) could reach $0.37, driven by the occurrence of a comparable pattern in its market analysis.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 29 May, 2025 - 5:33 pm 29 May, 2025 - 5:33 pm
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