The cryptocurrency market is currently experiencing significant growth, with Bitcoin and Ethereum reaching new records. Worldcoin is also showing positive results.
New Records for Bitcoin and Ethereum
Today, Bitcoin (BTC) reached a new all-time high of $124,000, while Ethereum (ETH) breached the $4,700 mark for the first time since 2021, climbing over 29% this week. These changes have significantly boosted the market sentiment, especially for altcoins.
Worldcoin's Harmonic Pattern
Worldcoin (WLD) posted an impressive 15% gain this week, sparking interest in its latest chart, which reveals a key harmonic pattern suggesting potential for further growth in the short term. On the daily chart, WLD is forming a Bearish Butterfly harmonic pattern. Despite its name, this pattern often precedes strong rallies during the CD leg, typically the most aggressive phase of the move.
Prospects for Worldcoin's Growth
If bullish momentum and trading volume continue to rise, WLD could be on track for a move of up to 95% toward the target level of $2.1640, where point D is projected. This area is also expected to act as major resistance, which could be a turning point for the trend. Maintaining price action above the 200-day moving average, currently near $1.03, will be crucial for keeping this bullish outlook intact.
Currently, the cryptocurrency market is demonstrating strong growth, and such positive dynamics may continue. In particular, Worldcoin shows significant potential for growth.
