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Veteran trader Peter Brandt warns that Bitcoin may be forming a bearish reversal pattern, potentially leading to a drop into the $70,000 range if it breaks support at $90,000. Currently trading at $97,201, he suggests a possible low of $76,614. Brandt also highlights a bearish head and shoulders pattern for Cardano, which could plunge if it fails to hold above $0.91, while XRP appears to be forming a bullish continuation pattern.
Solana is gaining momentum, recently surpassing Ethereum in monthly DEX trading volume and showing bullish indicators, with a current price of $217.97. While projections suggest a potential rise to $354–$400, reaching $700 will depend on market conditions and technological advancements.Meanwhile, PlutoChain aims to enhance Bitcoin's functionality with a Layer-2 solution that supports smart contracts, potentially reducing block times to 2 seconds. This could enable the development of decentralized applications on Bitcoin, bridging the gap between its security and modern blockchain efficiency.
European Parliament member Sarah Knafo has proposed establishing a Bitcoin strategic reserve for the EU, echoing optimism from the US under President-elect Donald Trump, who plans a similar initiative. Knafo criticized the European Central Bank's digital euro plans, advocating for Bitcoin as a means to protect against inflation and promote financial freedom. This proposal has contributed to a Bitcoin price rally, reaching an all-time high of $107,780.58, with expectations of continued growth amid increasing institutional interest.
XRP has surged 12.5% to $2.69, driven by strong whale activity and the launch of Ripple’s RLUSD stablecoin, with trading volume hitting $18.28 billion. Analysts predict XRP could reach $5 by Christmas, with 25% of a recent poll believing it may exceed this level. Market expert Peter Brandt notes a bullish pattern that could push XRP to $5 by January 2025.
Bitcoin has reached a new all-time high against gold, with the BTC-to-gold ratio hitting 32.19 ounces per BTC, indicating its growing dominance as a store of value. Veteran trader Peter Brandt suggests a potential target of 89 ounces per BTC, aligning with forecasts that Bitcoin could replace gold as the preferred safe-haven asset within the next decade. Speculation around a U.S. strategic Bitcoin reserve under President-elect Donald Trump could further drive BTC's price, which currently stands at $106,909.
Bitcoin's price surged to a record high of around $106,535 on December 16, driven by bullish sentiment following Donald Trump's election and MicroStrategy's Nasdaq 100 inclusion. Analysts project potential targets of $120,000 and even $155,500 based on technical patterns and Fibonacci levels, with long-term forecasts suggesting it could reach $800,000 by the end of 2025 due to its capped supply and favorable policies.
Marathon Digital Holdings (MARA) has acquired 12,000 Bitcoin, signaling confidence in Bitcoin's long-term value as it approaches a potential rally. Litecoin has surged by 74.6% amid ETF optimism, with analysts predicting further price increases, while Rollblock's innovative GambleFi platform is poised for significant growth, leveraging blockchain technology to enhance the online gambling experience.
Bitcoin surged to an all-time high of $106,533, driven by $2.17 billion in ETF inflows and President-elect Trump's announcement of a strategic Bitcoin reserve. With a market cap of $2.08 trillion and dominance at 57.49%, analysts predict potential growth towards $120,000, supported by strong technical signals and high whale activity. Liquidations exceeded $120 million as the cryptocurrency continues to attract institutional interest amid extreme market greed.
The Bitcoin to gold ratio has reached a new all-time high of 40 ounces of gold per BTC as Bitcoin's price surpassed $106,000. Veteran trader Peter Brandt predicts the ratio could rise to 89 to 1, reflecting Bitcoin's potential to capture a share of gold's $15 trillion market. Meanwhile, Bitcoin mining difficulty has also hit a historic high, indicating increasing challenges in generating new coins.
Dogecoin, XRP, and RCO Finance are gaining traction as potential high-return altcoins by 2025. RCO Finance stands out with its AI-driven trading platform and limited token supply, while Dogecoin is experiencing renewed interest, recently trading at $0.41. XRP shows bullish patterns, with analysts predicting significant price increases following a breakout.
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