🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Towards the end of the day, a mixed trend is observed in the cryptocurrency markets. While the Bitcoin (BTC) price is trying to hold above the $ 105,000 level, some altcoins are experiencing declines.
General Outlook:
* Bitcoin (BTC): It is trading in the $ 105,000 - $ 106,000 band. While some sources show a slight increase of around 0.5%, others talk about a decrease of 0.47%. Bitcoin's closing above $ 103,500 is interpreted as technically opening a door to $ 110,000 - $ 111,000 levels. It is stated that there may be serious movements in altcoins if Bitcoin's RSI exceeds the 70 level.
* Ethereum (ETH): It is trading around $ 2,450 - $ 2,500. It generally shows a slight downward trend.
* XRP (Ripple): It is trading at around $ 2.34 and is experiencing small decreases.
* Other Major Altcoins: Other major altcoins such as Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX) generally show slight declines. However, some altcoins (e.g. Aave, Mask Network) may also experience significant increases.
Major Events and Noteworthy Things in the Last 24 Hours:
* Regulatory News: The US Senate's advancement of the stablecoin regulation bill stood out as a development that positively affected the Bitcoin price.
* Institutional Interest: Data was shared showing that major institutions such as Standard Chartered are showing increasing interest in Bitcoin. It was stated that JPMorgan will also offer its clients the opportunity to directly purchase Bitcoin.
* Liquidation Concerns: Previous sharp declines (e.g. after Trump's tax statements) where billions of dollars of positions were liquidated in the market once again reveal the volatility of the market and the risks of leveraged transactions. The potential for such developments to reoccur is being followed by investors.
* Technical Levels: Persistence above $107,000 for Bitcoin is considered a potential bullish signal for altcoins.
General Assessment:
Although the cryptocurrency market generally follows a horizontal course at the end of the day, it finds certain support due to positive developments such as regulatory news and institutional interest. However, global economic factors and volatility in the market require investors to be careful. Risks, especially in leveraged transactions, continue to be emphasized.