🚀 Bitcoin, Ethereum & XRP: Institutions Fuel the Fire While Market Tests Key Levels! 🔥
Big players are still bullish! Metaplanet Inc. (listed on Tokyo Stock Exchange) just made a huge move — buying 1,005 BTC at an average price of $107,923, bringing its total holdings to a massive 13,350 BTC, worth $108 million! This is all part of their aggressive Bitcoin Accumulation Strategy. Metaplanet is clearly betting big on BTC’s long-term future.
Despite a short-term dip, Bitcoin remains strong overall. After hitting a weekend high of $108,818, BTC has pulled back slightly to around $107,467. The market is watching key support at $106,600 and the 50-day EMA at $104,120. A breakout above $109,000 could clear the way for a push past the psychological $110,000 level.
However, the SuperTrend indicator recently gave a sell signal on June 22. This means BTC might need to gather more momentum before continuing higher. Watch for the SuperTrend line to flip green — that could be the real go signal!
🔄 Ethereum is facing resistance too. After getting rejected near $2,522, ETH is now trading around $2,450. The price is stuck under the 200-day EMA at $2,468 — a crucial level. With RSI below midline, we may see ETH testing $2,427 (50-day EMA) or even $2,378 (100-day EMA) if weakness continues. Strong support lies at $2,110, last tested on June 22.
📉 XRP is also in pullback mode. After failing to break above $2.22 (100-day EMA), it’s now down 1.5% intraday, trading at $2.17. If bears stay in control, XRP might retest $2.10 and potentially the $1.90 support — a level seen during geopolitical tension last week.
📊 Despite the pullbacks, institutional buying and strong long-term fundamentals are keeping crypto bulls alive. Keep an eye on the charts — momentum can return quickly!
---
