Bitcoin remains resilient, trading just below $110,000, sparking bullish sentiments as investors await a potential breakout above the previous all-time high of $111,980. This optimism has been supported by recent news, including a potential trade deal between the US and China, which could positively impact market sentiment. According to Bitwise researchers, Bitcoin could reach a ‘fair value’ of $230,000 by the year's end due to fiscal instability in traditional markets and improving investor confidence.
Despite this bullish outlook, some experts caution against over-optimism. Brian Quinlivan from Santiment expresses skepticism about Bitcoin’s ability to sustain momentum, especially given rampant retail expectations.
### Altcoin Predictions
- **Ethereum** has broken above the $2,738 threshold as bulls aim for $3,000. A drop below this resistance might indicate a possible pullback, with support expected around the 20-day EMA of $2,584.
- **XRP** is currently range-bound between $2 and $2.65. A breach above $2.36 could send it towards $2.65, while any close below $2 may lead to a drop to $1.61.
- **BNB** is set between the $634-$693 range. A close above $693 will signal bullish strength.
- **Solana (SOL)** may fluctuate between $140 and $185 with a potential rise if it can surpass $185.
- **Dogecoin (DOGE)** continues to consolidate between $0.14 and $0.26. Either sustaining above this range leads to a rally, or a breakdown could push it to $0.16.
- **Cardano (ADA)** could show upward movement past the 50-day SMA ($0.72) toward $1.03, while significant resistance is expected at the downtrend line.
- **Hyperliquid (HYPE)** recently moved past $42.25, setting sights on $46.50 with a strong defense expected around $40._
- **Sui** is attempting to rally towards $4.25, with a volatile range likely until it firmly breaks either above or below key levels.
- **Chainlink (LINK)** has seen a breakout from its descending channel, aiming for $18; however, a close below $13.20 will invalidate this positive sentiment.
Investors are urged to keep a close watch on market behaviors as they navigate trading strategies that align with current price actions. Conduct thorough research before making any investment decisions.
Despite this bullish outlook, some experts caution against over-optimism. Brian Quinlivan from Santiment expresses skepticism about Bitcoin’s ability to sustain momentum, especially given rampant retail expectations.
### Altcoin Predictions
- **Ethereum** has broken above the $2,738 threshold as bulls aim for $3,000. A drop below this resistance might indicate a possible pullback, with support expected around the 20-day EMA of $2,584.
- **XRP** is currently range-bound between $2 and $2.65. A breach above $2.36 could send it towards $2.65, while any close below $2 may lead to a drop to $1.61.
- **BNB** is set between the $634-$693 range. A close above $693 will signal bullish strength.
- **Solana (SOL)** may fluctuate between $140 and $185 with a potential rise if it can surpass $185.
- **Dogecoin (DOGE)** continues to consolidate between $0.14 and $0.26. Either sustaining above this range leads to a rally, or a breakdown could push it to $0.16.
- **Cardano (ADA)** could show upward movement past the 50-day SMA ($0.72) toward $1.03, while significant resistance is expected at the downtrend line.
- **Hyperliquid (HYPE)** recently moved past $42.25, setting sights on $46.50 with a strong defense expected around $40._
- **Sui** is attempting to rally towards $4.25, with a volatile range likely until it firmly breaks either above or below key levels.
- **Chainlink (LINK)** has seen a breakout from its descending channel, aiming for $18; however, a close below $13.20 will invalidate this positive sentiment.
Investors are urged to keep a close watch on market behaviors as they navigate trading strategies that align with current price actions. Conduct thorough research before making any investment decisions.
