Bitcoin is experiencing a correction after reaching a new all-time high above $110,000. It is currently trading at $107,210 with price fluctuations in the range between $106,795 and $107,574.
- In the short term: Bitcoin price is expected to target $120,000 with institutional investment inflows
- Supporting factors: Donald Trump Jr.'s announcement of a $2.5 billion investment and Pakistan's adoption of Bitcoin as a strategic reserve
- Key resistance points: $110,000 and $115,000
Current analysis
Ethereum faces strong resistance at the $2,700 level, currently trading at $2,639. Data indicates a sell wall of $4.4 billion.
Forecasts
- In the short term: It may continue to fluctuate between $2,500 and $2,700
- Positive factors: Strong inflows into Ethereum ETF funds amounting to 16,049 Ether ($42.31 million)
- Technical developments: The launch of Polygon's Katana network may positively impact the Ethereum ecosystem
Other cryptocurrencies
- Expected to benefit from improved regulatory climate for cryptocurrencies
- It may target levels of $2.50 - $3.00 if positive market momentum continues
Solana SOL
- With ecosystem development, prices are expected to range between $160-$200
- Innovations in decentralized applications support their future growth
Binance Coin (BNB)
- Predictions for stability around $700 with potential rise to $800
- Continuous burning of coins supports its value in the long term
Factors affecting the market
Positive factors
1. Institutional investor flows: Continued money flow into Bitcoin and Ethereum ETF funds
2. Shift in government policies: More countries are adopting cryptocurrencies as a strategic reserve
3. Infrastructure development: Enhancements in major blockchain networks boost scalability and usability
Negative factors
1. Regulatory pressure: Statements from regulators may cause short-term volatility
2. Liquidation of positions: Liquidation data indicates $219 million in the last 24 hours
3. Large transfers: A transfer of $150 million in Bitcoin to the Coin_base platform may indicate potential selling pressure
Summary
The cryptocurrency market appears to be entering a new maturation phase with increasing institutional and government support. Despite short-term volatility, the overall trend remains positive for major currencies, with expectations of achieving higher price levels by the end of 2025, especially for Bitcoin and Ethereum.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice.