Ryan Lee - Bitcoin (BTC) is trading within a projected range of $85,000 to $102,000, with ETF inflows playing a crucial role in its near-term trajectory.
Strong inflows this week could push BTC above $100,000, possibly testing $102,000. Meanwhile, historical halving cycles suggest price consolidation between $95,000 and $100,000, positioning March as an accumulation phase ahead of more pronounced moves in mid-2025.
Key levels to watch include $91,000 as support and $100,000 as psychological resistance, with a potential drop below $85,000 that would quickly test $80,000 if bearish sentiment dominates.
The market reacted positively to Trump's announcement on the creation of a US Strategic Cryptocurrency Reserve, which contributed to an increase in cryptocurrency prices.
The market cap grew by over $300 billion in less than 24 hours. The reserve, which will include major digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano, aligns with Bitcoin’s momentum and could be a key factor in driving BTC to new highs.
Bitcoin price rose by over 11% to $94,164, while Ethereum rose by roughly 13% to $2,516. This development follows the uncertainty created by tariff wars, which had affected global financial markets, and signals a significant policy shift by the US administration to accelerate cryptocurrency adoption.
Ethereum
Ethereum’s underperformance against Bitcoin, reflected in the ETH/BTC ratio hitting a four-year low, is driven by Bitcoin’s institutional dominance, Ethereum’s unclear narrative, lower network activity, and a shift in speculative interest towards other altcoins.
This trend could persist in the short term as Bitcoin maintains its momentum and Ethereum faces competitive challenges. However, historical patterns suggest a potential rebound if catalysts such as regulatory clarity or technological improvements emerge.
While mainstream interest in Ethereum is waning and institutional adoption remains tepid, factors such as a shift toward crypto-friendly policies or improvements in staking could rekindle enthusiasm by mid-2025.