The cryptocurrency market continues to surprise with significant shifts in major assets like Bitcoin, PEPE, and Ethereum.
Bitcoin's Rise: $100,000 in Sight
With an incredible surge to $91,000, Bitcoin has raised expectations of reaching the $100,000 mark. This growth is driven by institutional interest, increased retail participation, and positive market sentiment. Key resistance and support levels remain crucial as Bitcoin has surpassed $75,000 and $85,000. Technical analysis suggests a potential for reaching $100,000 with significant trading volumes and a clear breakout.
PEPE Gains Momentum
Inspired by an internet meme, PEPE has surged by 136%, catching the eye of the crypto community. This growth highlights the strength and appeal of meme coins, which continue to gain popularity. PEPE has broken through key resistance levels with high trading activity, indicating sustained interest. Although short-term corrections are possible, the ongoing fascination with meme coins suggests their resilience in the market.
Ethereum Gears Up for New Surge
Ethereum may be on the verge of a new impulse wave, following Elliott Wave Theory. The recent rise to $3,200 may indicate an end to the correction phase before a significant upward movement. The next targets are $3,500, then $3,800, if the current momentum and trading volumes are sustained.
Cryptocurrencies continue to exhibit high volatility with clear technical and psychological factors affecting their movement. It is crucial to monitor the market and analyze potential changes.
