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Alts to the moon! #crypto #altcoins
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Assessment of Bitcoin's Value: Indicators Suggest an Upcoming BTC Adjustment Bitcoin is in a sideways correction phase, with investors rotating capital into the altcoin market as they cash in profits. This pattern, seen historically when BTC tempers from all-time high prices, suggests an imminent altcoin rally. With a pullback towards a key Fibonacci retracement zone of $107K - $111K likely, a period of consolidation, coupled with altcoin strength, is anticipated. The BTC consolidation is forming a descending wedge pattern, signaling bullish continuation. If the crucial support zone of $113K - $116K holds and triggers a breakout, a return to the $123K resistance is likely. Conversely, if support fails, a deeper correction towards $111K could unfold. The largest net inflow of BTC to exchanges since July 2024 suggests that major players are offloading BTC, potentially fueling an altcoin rally and increasing market volatility.
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Four AI Systems Predict the Highest Price for Ripple's (XRP) During This Bull Run: Their Responses May Astonish You Four leading Artificial Intelligence (AI) solutions, including ChatGPT, Grok, Perplexity, and Gemini, have provided their predictions for Ripple's (XRP) price in this bull cycle. These AI solutions offered a range of predictions, from realistic to aggressive. Perplexity believes that XRP may peak between $5 and $10, while Gemini estimates a maximum price of $6. However, both Grok and ChatGPT were less bullish, suggesting a moderate prediction of reaching between $5.50 and $7. They all agree that factors such as a possible Ripple ETF, a capital shift from Bitcoin to altcoins, and corporate pilots using the XRP Ledger could drive the price higher. Still, they caution that these are merely predictions in a volatile market, and investors should conduct their own research.
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Ethereum (ETH) Dips as Large Investors Target Overleveraged Positions Under $3.7K Ethereum (ETH) experienced a drop to near $3,600, putting high-leverage long positions at risk of liquidation. This comes after ETH peaked at $3,850, and despite a 2% daily price drop, it remains up by almost 24% over the past week. The ETH market is now closely watching leveraged positions within the $3,600 to $3,700 range, where liquidations may be triggered should the price fall nearer to $3,600. Concurrently, large investors, such as BlackRock's ETF, continue to acquire ETH, with the latter adding over 27,000 ETH worth approximately $100 million. This comes as Ethereum prepares for the Fusaka upgrade, aimed at enhancing the network's speed and efficiency, and the launch of the Devnet-3 testnet. Analysts consider the $4,000 mark as a key hurdle before Ethereum can potentially target levels between $13,000 and $17,000.
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Solana Rebounds to $200 - Is a New Peak on the Horizon? Solana (SOL), the fifth-largest cryptocurrency by market cap, has regained the $200 mark for the first time since June 6, sparking a surge in public interest. Analysts suggest that the long-term outlook is positive, supported by SOL’s high development activity and a strong momentum phase similar to Ethereum's earlier this year. For sustained momentum, Solana needs to turn $200 from resistance to support. Experts forecast this shift could persist for one to two weeks and identified $220 as Solana’s first major target, suggesting that SOL could break its previous all-time high by August if current conditions persist. Meanwhile, institutional adoption is also gaining traction, with companies like DeFi Development Corp and Bit Mining expanding their Solana holdings and investments.
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Latest News
Bitcoin's Path to $200,000 Faces Skepticism Amid Volume Concerns
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Bitcoin(BTC) Drops Below 119,000 USDT with a Narrowed 1.67% Increase in 24 Hours
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Funds Linked to GLG Hack Transferred to Tornado Cash
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Japanese Prime Minister Ishiba Shigeru Considers Resignation Amid Party Pressure
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New Wallet Acquires Significant Ethereum Holdings
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