Introduction
The crypto market kicked off the week with mixed movements as Bitcoin remains just under the $94,000 mark, while Ethereum and XRP face downward pressure. With expert forecasts painting a bullish future for the top assets, investors are watching closely to see if May brings a breakout or further consolidation.
Bitcoin Holds Firm — For Now
As of today, Bitcoin (BTC) is trading near $94,000. While this marks a period of relative stability, analysts caution that the $99,900 resistance level could prove to be a major hurdle for bulls. According to CoinDesk, selling pressure could increase sharply if Bitcoin approaches this psychological barrier.
Ethereum Slips Below $1,800
Ethereum (ETH), the second-largest cryptocurrency, has dropped nearly 2% in the last 24 hours, dipping below the $1,800 threshold. Despite recent network upgrades, ETH has failed to gain momentum. Experts believe the upgrades are technically beneficial but not yet impactful on price.
XRP Faces Legal and Technical Pressure
XRP's price has fallen to $2.08 amid broader market uncertainty and ongoing legal issues. Finance Magnates identifies five reasons for the decline, including bearish chart patterns and Ripple's unresolved lawsuit, both of which are dampening investor confidence.
Market Forecasts Signal Long-Term Optimism
Despite short-term dips, long-term predictions remain optimistic:
Galaxy Research forecasts Bitcoin could reach $150,000 by mid-2025 and even $185,000 by year-end.
Ethereum could soar to $5,500, with altcoins like Dogecoin also expected to hit milestones.
Steno Research projects Ethereum may outperform Bitcoin, with the ETH/BTC ratio potentially climbing to 0.06.
Conclusion
While volatility remains high, the crypto market is still ripe with opportunity. Whether you're a long-
term investor or a short-term
