The crypto market is up today, reflecting investors’ optimism for a possible continued rally amid increasing institutional demand for cryptocurrency investment products.
Bitcoin price recovers above $109,000 as multiple BTC market metrics show an improvement in investor sentiment.
XRP traders say it has the potential to rally to $27 as ETF approval odds increase.
Bitcoin analysts say BTC price could drop in the short term before initiating a rally to all-time highs above $140,000.
Rising futures open interest, robust spot ETH ETF flows, and a bullish technical analysis indicator forecast an Ethereum price rally to $3,000.
Bitcoin’s correlation to stocks and uncertainty about the future of the US economy could cap BTC price gains below $110,000.
An uptick in long-term Bitcoin holders and BTC’s start-of-week price break above $108,000 could be a sign that new highs are in order.
Analysts say Bitcoin could break its all-time high within one to two weeks, following breakout patterns seen recently in gold and the S&P 500.
A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target.
Market uncertainty grows as traders question leverage risks, custodian practices, and strategic reserve delays.