#BitcoinCommunity What will be Bitcoin's next target? Will i | Shella Ana on Binance Square

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#BitcoinCommunity What will be Bitcoin's next target?Will it be a LONG or SHORT?
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$BTC $ETH $XRP #CryptoIn401k Asia Morning Briefing: Polymarket bettors predict Ethereum could hit $5,000 by the end of August In today’s Asian trading session, Ethereum (ETH) rose above $4,600, representing a 10% gain in the past 24 hours. The main driver is the expectation of an interest rate cut in September, which is boosting investor confidence. Some traders believe Ethereum could soon challenge its all-time high of $4,876, set in 2021. Polymarket bettors are going even further, projecting that Ethereum could reach $5,000 by the end of August, with a 28% probability of surpassing $5,800. This surge has reduced Bitcoin’s market dominance from 65% to 59% as investors shift toward altcoins. According to Glassnode analysts, Ethereum is nearing a key technical level that has previously triggered heavy sell-offs. However, a new report indicates a growing liquidity strain on Ethereum, as more ETH transactions are being used for USDT stablecoin transfers on the Tron network. This trend could weaken Ethereum’s DeFi activity, potentially impacting its fee revenue and staking rewards. If it continues, the Ethereum network might be seen as a financial backbone supporting liquidity on other blockchains. While this won’t immediately harm the current rally, it could have negative implications for long-term price stability. Meanwhile, Bitcoin is holding steady near $120,000, and gold prices are also climbing. In Asian markets, Japan’s Nikkei 225 index opened on a positive note. Overall, investors are closely watching whether Ethereum can reach $5,000 by the end of August, as various market factors could influence its future trajectory.

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$BTC $ETH $XRP #Bitcoin things are important: These trades are for half an hour, not for a whole year. The reason why the price jumps even during a crash is — first, where the high volume profile is on which side, and second, how far the volume-worth support goes. When both of these turn to the sell side, then it can go anywhere — even from 174 down to just 74. In scalping, you look at where the supports are and how strong they are, because as long as supports exist, the price cannot move entirely in one direction.

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$SOL $BNB $XRP #meme_coin Solana meme coin SWIF has plunged from $35 million straight down to $3 million 😳

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$BTC $ETH $XRP #CryptoNewss Bitcoin price holds above $118,000 as Metaplanet and Smarter Web Company buy more BTC Bitcoin’s price remained stable above the $118,000 mark after two major companies — Metaplanet and Smarter Web Company — significantly increased their Bitcoin holdings. This move reflects the growing institutional acceptance of Bitcoin. Tokyo-based investment firm Metaplanet purchased 518 BTC at an average price of around $118,519 per coin, totaling approximately $61.4 million. With this latest acquisition, Metaplanet now holds 18,113 BTC at an average purchase price of about $101,911 per coin. The company’s financial performance has also been impressive, with a Bitcoin yield rate of 26.5% in the current quarter — a notable figure consistent with recent quarters. Meanwhile, Smarter Web Company announced the purchase of 295 BTC at an average price of $119,412 per coin, with the total investment amounting to roughly $35.2 million. This trend highlights that publicly traded companies are increasingly investing in Bitcoin. The announcements come amid a global surge in corporations adding Bitcoin to their financial reserves. In recent months, the number of publicly listed entities holding Bitcoin has surpassed 200, marking an important step toward establishing Bitcoin as a recognized financial asset. Metaplanet has followed a systematic approach to Bitcoin acquisition since July 2024, expanding its holdings from around 200 coins to 18,113 coins. Its funding sources include stock rights issues and bond sales. Such investments not only diversify corporate financial structures but also contribute to market stability for Bitcoin. Institutional buying has played a major role in maintaining Bitcoin’s price above $118,000, even amid global financial uncertainty. Experts believe that as more companies integrate Bitcoin into their treasuries, its monetary significance will continue to grow — moving closer to becoming a mainstream financial asset.

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$BTC $ETH $XRP #bitcoin Traders Eyeing Bitcoin at $135,000 and Ether at $4,800 Analysis in light of CPI data: The cryptocurrency market rally continues, with Bitcoin holding steady above $118,000 after a 2.2% rise yesterday. Ether’s price also remained stable, closing at $4,300, part of its 17.2% weekly gain, bringing it close to its all-time high of $4,800. Other major cryptocurrencies also posted significant gains. XRP rose above $3.16, Solana’s SOL reached $176, Dogecoin stood at $0.22, and Binance Coin stabilized at $800. Lido’s staked Ether mirrored Ether’s 18% weekly increase, while the total global crypto market capitalization has reached $4 trillion. Unlike the typical rally led by Bitcoin, this week’s surge has been driven by the strength of altcoins, which in turn helped push Bitcoin higher. According to market analysts, Bitcoin has broken through the $120,000 technical level and is now targeting the $135,000 to $138,000 range. Ether’s performance has been supported by U.S. government backing and heavy investment into ETFs. Ether has gained 21% in the past seven days and 45% over the past 30 days, with its on-chain activity and user numbers nearing record highs. It is expected that Ether could soon break its $4,800 record. U.S. stock markets, particularly the S&P 500 and Nasdaq, are trading near record highs, which has offset the impact of new U.S. customs taxes and political tensions. Today’s expected Consumer Price Index (CPI) report may show a slight increase, potentially bringing the annual inflation rate to 2.8%. If the data comes in soft, the chances of an interest rate cut in September will Trading data indicates that investors are focusing on Bitcoin selling to hedge against potential risks ahead of the CPI announcement, especially with increased demand for options in the $115,000 to $118,000 range. Investment flows into Bitcoin ETFs and institutional positioning will determine whether the $122,000 to $124,000 resistance level can be broken.

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