The cryptocurrency market continues to experience price fluctuations, particularly around Bitcoin, BNB, and HYPE. This article provides an overview of current trends and forecasts.
Current Situation in the Bitcoin Market
Bitcoin started the week on a weak note, with bears trying to push the price below the $107,000 level. According to CoinGlass, if BTC remains above $104,600, it will be only the second time since 2020 that Bitcoin closes June in positive territory. Despite this, investors continue to buy the cryptocurrency, as evidenced by CoinShares data showing $2.2 billion inflows into Bitcoin ETPs.
Predictions for BNB and Other Altcoins
BNB showed strength by breaking above resistance levels, which may signal the end of the correction. Similarly, HYPE exhibited growth, surpassing the $39.12 threshold. If both BNB and HYPE continue to rise, prices might reach $675 and $42.50, respectively. Attention should also be paid to altcoins like Solana, Dogecoin, and Cardano, which are demonstrating their own trends.
Analysis and Long-Term Predictions
Currently, Bitcoin faces selling at the downtrend line, but bulls are preventing the price from falling below moving averages, which may indicate a continuation of the uptrend. If Bitcoin breaks through key resistance, further growth is expected, while a decline below $104,500 may signal the start of a new downward movement. Altcoin behavior will also depend on overall market sentiment.
The cryptocurrency market situation continues to evolve, and while Bitcoin faces certain challenges, the growing interest from investors and buyers may herald positive changes. Altcoins are also in focus, with the potential for further price increases.
