Bitcoin has surpassed the $87,000 mark and remains a focal point of attention. Experts are discussing both its potential for further growth and volatility.
Bitcoin: Current Situation and Forecasts
Despite the US trade tariffs set to take effect on April 2, Bitcoin bulls have managed to push the price above the $87,000 level. According to Fidelity analyst Zack Wainwright, Bitcoin is currently in an acceleration phase, which historically ends in a sharp rally. Wainwright suggests that if this scenario unfolds, $110,000 could be the starting base for the next leg of upward movement. BitMEX co-founder Arthur Hayes believes Bitcoin could rally to $250,000 by year-end if the Federal Reserve pivots to quantitative easing.
Analysis and Prospects of Other Cryptocurrencies
Ether (ETH) is trying to establish support above $1,754, potentially signaling a double-bottom pattern. XRP's weak position at $2 poses a risk of a drop. BNB faces resistance from bears, while Solana (SOL) may see a range expansion. Dogecoin (DOGE) continues to see selling at minor rallies. Cardano (ADA) is attempting a return above the uptrend line but faces resistance. Toncoin (TON), though attempting to surpass resistance, failed to hold its ground. Chainlink (LINK) remains under bear pressure, while UNUS SED LEO (LEO), after a recent dip, tries to stabilize above the trend line.
Conclusion: What to Expect from the Crypto Market
The cryptocurrency market shows both positive and negative signals. Upcoming Federal Reserve actions and investor sentiment will be key factors in the near future. Analysts advise staying informed about news and market trends.
Overall, despite current volatility, the long-term outlook for the crypto market remains positive among analysts.
