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Azalee Slye R0gi
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#MarketRebound
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#MarketRebound eth$ETH The recovery of the cryptocurrency market is a hot topic, especially after the recent volatility caused by Trump's tariff policies. Here's what is happening: *Recent market movement:* - The global cryptocurrency market capitalization has increased by 8.75% to $3.31 trillion, demonstrating resilience to macroeconomic shocks. - Bitcoin has once again reached $101,000, rising by 7.14% in 24 hours, while Ethereum climbed 12% to $2,809. - Altcoins led the recovery, with XRP jumping 23.34%, and Cardano, Sui, Pepe, Ondo, Aptos, and Mantle showing growth of over 20%. *Forecasts and outlook:* - Coinbase expects a potential recovery in the second half of 2025, citing a decrease in the cryptocurrency market and bearish signals. - According to Coinbase's global research head, David Duong, the market is likely to change direction explosively when sentiment recovers. - Some analysts predict a recovery beginning in August, with the cryptocurrency market consolidating after the recent price surge triggered by the pause in tariffs ² ³. *Key factors:* - *Tariff policies*: Trump's announcement on tariffs caused significant market volatility, but a temporary pause on some tariffs has led to recovery.
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Bitcoin's current market analysis shows a bullish trend with some key insights to consider: - *Current Price*: $86,771.60, with a 2.56% increase, indicating a positive momentum. - *Market Cap*: $1.74 trillion, reflecting the overall market's growth and stability. - *Resistance Levels*: - Immediate resistance: $95,000 - Key breakout level: $99,500 - Psychological resistance: $105,000 - *Support Levels*: - Major support level: $88,000 - Next downside target: $85,000 - *Technical Indicators*: - RSI: Neutral momentum (around 49.49) - MACD: Positive divergence, supporting upward movement - Volume analysis: Increasing buy pressure, indicating a potential bullish breakout Some potential trends to watch¹: - *Bullish Case*: If Bitcoin breaks and holds above $95,000, upside towards $99,500 and $105,000 is likely. - *Bearish Case*: Failure to hold above $88,000 may send Bitcoin to $85,000 or lower. Keep in mind that market analysis is subject to change and should be monitored closely. These insights are based on recent data and might not reflect future market conditions. For the most up-to-date information, consider checking reliable financial sources.²$BTC
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