Currently, the cryptocurrency market demonstrates diverse trends. Bitcoin continues to face resistance, while Ether shows stable results.
Bitcoin: Price Forecast and Market Movement
Bitcoin (BTC) faces strong selling pressure, preventing it from reaching a new record above $123,218. Analysts suggest that the conclusion of growth attempts may signal further declines with a potential target of $95,000. The current price of BTC is around $118,000, and if the price stays above the 20-day simple moving average, bulls may attempt to reach $135,000 again.
Ether: Maintaining Market Positions
Ether (ETH) demonstrates strength in the market, reaching record net inflows of $1.01 billion in ETFs. This indicates robust institutional demand. In the near term, the possibility of ETH growing to $4,868 remains, with support at $4,094. If this support is broken, the price could drop to $3,833.
Analysis of Other Altcoins
Other altcoins also show interesting trends in the market. BNB is trading in a range between $792 and $827, with possible growth to $861. Chainlink (LINK) has broken the $18 resistance level and could increase to $27, while Uniswap (UNI) aims to break above $12 for further growth. If support levels fall below certain thresholds, new corrections may occur.
Thus, the cryptocurrency market faces differing sentiments. Bitcoin shows signs of weakness, while Ether and other altcoins continue to demonstrate strength amid rising institutional interest.
