📈 Bitcoin Breakout: Targeting $106K
Bitcoin (BTC) continues its rally, breaking above $90,000 and currently trading around $94,200. After forming a double bottom near $74,000, bulls have taken control.
🔢 Next major target: $106,000
Key BTC Levels:
Support: 📉 $90,000
Resistance: 🔼 $95,500 / $106,000
🔍 Will Bitcoin Pull Back Before $96K?
Despite the breakout, a CME gap between $91,415-$92,525 remains open. Historically, such gaps tend to fill before continuation.
Watch:
🔇 Pullback zone: $92K
🖕 Bullish trigger: $96,100+
📈 XRP Eyes $2.50
XRP holds bullish momentum at $2.18, testing the $2.05-$2.12 support zone. A strong bounce could push XRP through $2.30 toward a $2.47 target.
Key XRP Levels:
📉 Support: $2.05
🔢 Target: $2.30 → $2.47
🌍 SOL/ETH vs ETH/BTC: Capital Rotation
Solana (SOL) strengthens with the SOL/ETH ratio hitting 0.0805, while ETH/BTC drops to 0.01888, showing relative ETH weakness.
Current Prices:
💵 SOL: $149.02
💵 ETH: $1,795.07
🌟 China and Bitcoin: A Strategic Shift
BlackRock notes that global central banks, including China, are increasingly turning to Bitcoin and gold amid rising geopolitical uncertainty.
🌍 China's Reserves:
U.S. Treasuries: $784B
Gold: $229.6B
Bitcoin: 194,000 BTC ($18B)
📅 Institutional Wave: SEC and SPAC Deals
Paul Atkins sworn in as the new 🔑 SEC Chair.
Cantor Fitzgerald launches a 💸 $3.6B Bitcoin buying SPAC.
Institutional momentum keeps growing 🚀.
📊 Market Snapshot (Spot Prices):
₿ BTC/USDT: $94,228.82
Ξ ETH/USDT: $1,795.07
🔄 SOL/USDT: $149.02
🔄 SUI/USDT: $3.4305
🔄 XRP/USDT: $2.1982
💡 TRUMP/USDT: $15.24
💪 PEPE/USDT: $0.00000918
🦊 BONK/USDT: $0.00001817
📊 Conclusion:
Bitcoin reclaims dominance and sets sights on new all-time highs. 🌟
While short-term pullbacks are possible, the broader trend remains bullish.
🔝 Targets Ahead: $96K and $100K.
#Crypto #Bitcoin #BTC #XRP #Ethereum #Solana #TON #CryptoNews #BinanceFeed #SPAC #SEC #BlackRock #CryptoMarket