Bitcoin price prediction enthusiasts are eyeing potential retracement toward $111,000 and $114,000 before reaching the next target between $170,000 and $200,000. Meanwhile, the rally of HBAR suggests an upcoming explosive altcoin season.
Potential Retracement Levels for Bitcoin
Analysis indicates that after reaching an all-time high near $123,000, Bitcoin may face profit-taking and bear control. Two Fair Value Gaps (FVGs) on the 4-hour chart are indicated, with the first at $119,000 and the second around $111,000, which could draw price action. Additionally, a CME gap near $114,000–$116,000 reinforces the chances of a retracement to these levels before bulls regain momentum.
HBAR's Outlook and Altcoin Surge
The HBAR token has shown consistent growth, posting a fourth consecutive bullish weekly candle after bouncing off support at $0.125 and pushing towards the $0.300–$0.340 resistance zone. Indicators such as the RSI and MACD highlight a positive outlook for the token moving forward. However, some bearish divergences detected in the shorter timeframe may suggest a pullback that would provide a healthier base for future gains.
Analysis of DeFi Project Remittix
While Bitcoin and HBAR capture headlines, DeFi project Remittix is quietly positioning itself with a utility narrative. Having raised over $16.4 million in its presale, Remittix facilitates instant crypto-to-FIAT payouts in 30+ countries, addressing real-world financial issues.
The anticipated retracement of Bitcoin to the $111,000–$114,000 range may be crucial in setting the stage for growth towards $200,000. Simultaneously, HBAR readies for another significant rally, while Remittix builds its reputation as a reliable project in the DeFi space.
