Bitcoin is demonstrating significant price fluctuations, currently standing at 107,150 USD. The market situation is shaped by several economic and political factors.
Impact of Political Factors on Bitcoin
The current value of Bitcoin has been influenced by Jerome Powell's comments on economic measures and concerns about a potential conflict with Iran, which has added tension to the market. Meanwhile, Trump has repeatedly emphasized the continuation of the ceasefire.
Cryptocurrency Analysts' Predictions
Roman Trading previously predicted a possible decline for Bitcoin, believing it might test the 98,000 USD level. While the price currently remains above 107,000 USD, the analyst has abandoned expectations of a bear market until the 100,000 USD support level is retested.
Dynamics of Altcoins and Their Prospects
Despite the instability of altcoins, HYPE Coin has shown impressive growth. Analysts expect HYPE to reach 45 USD if it breaks the 40 USD level. Meanwhile, Ethereum's price is forecasted to potentially rise above 4,000 USD soon.
The situation in the cryptocurrency market remains uncertain. Investors are advised to consider personal research and risk profiles when making decisions.
