The cryptocurrency market continues to rise, with Bitcoin recently surpassing $110,000, getting closer to the $111,000 mark. According to experts, if this upward momentum continues, Bitcoin could soon reach a target of $115,000 to $116,000. However, as usual, some ups and downs are expected to occur along the way.
Market data confirms that the trend remains bullish. Many who predicted a market crash have fallen silent, as the current chart and on-chain data show a different picture. While Bitcoin leads, some altcoins have also recorded gains. Dogecoin is up 7%, while other major altcoins have risen by 2-4%.
Pi Coin Eyes $1
A standout coin is Pi Network, which has risen 10%, reaching a high of $0.86 before stabilizing at $0.84. Pi's next target is to break the $1 mark, a level that many supporters are eagerly watching. However, for Pi Coin to reach $1, it must first overcome the significant resistance level of $0.94.
Although many Pi coins are being unlocked, the price continues to rise. This could be due to several factors: First, a $100 million fund has been established to support Pi projects. Second, many people are choosing to hold onto their Pi rather than sell.
What Will the Cryptocurrency Market Look Like Next?
Experts believe that once Pi Network is listed on major exchanges, its price and popularity could surge. On the other hand, Bitcoin still appears strong on the chart, with indicators like RSI and MACD showing positive momentum.
Although Bitcoin has entered overbought territory, it has not yet reached an extreme level, meaning there is still room for growth. If Bitcoin slows down after a period, altcoins like Ethereum, Solana, and XRP may witness stronger price volatility next. Whales are actively buying more Bitcoin, a good sign for the market's health.
