Trump continues to play with the world’s settings. At night, South Korea increased its tax rates because it was late in the mutual tariff rate update. Although he has taken extremely supportive steps for cryptocurrencies, Trump’s unpredictability negatively affects cryptocurrency charts. Poppe says we are at the bottom. Also today HYPE Coin We will also take a look at Sherpa’s goal for .
Is Bitcoin at the Bottom?
Depending on which window you look at the market from, you can be bullish or bearish. If you focus on negative data of Bitcoin It should drop to 30 thousand dollars this year. If you focus on early signals and signs of a return from the bottom, $150 thousand should be exceeded in the coming months. Cryptocurrency investors have to look from different windows, broaden their perspective and make their own decisions. Otherwise, the damage you incur when you copy the analysts’ strategy will hurt you even more.
Poppe argues that we are at the bottom by sharing the chart below.
“BTC’s RSI value against gold fell below 30.
The only times this has happened before were:
2022 bear market bottom
2018 bear market bottom
2015 bear market bottom
The situation will not be different this time either. “I think we’re approaching the same process, and instead of starting a bear market, we’re about to start a bull market.”
What Poppe ignores is the fact that Gold is rising at an unprecedented rate in its history. It reached the ATH level and gold and silver have been rising rapidly for over 1 year while crypto crashed due to risk aversion.
HYPE Coin and Important Developments
Sharing the chart below, Sherpa is hopeful for his favorite altcoin, Hyperliquid (HYPE). Analysts are hopeful, expecting the price to rise to at least $35.
“hyperliquid If it surpasses the current level and Bitcoin remains stable, it will likely rise to at least $35. It is still one of the strongest cryptocurrencies on the market, and the big seller of Tornado is no longer on the market. “The key level to watch out for will be $32, near the 200-day EMA.”
The important developments that took place in the past hours are summarized as follows:
- trump South Korea increased tariffs from 15% to 25%.
- The EU and India officially announced the free trade agreement.
- The crypto market structure markup meeting of the US Senate Agriculture Committee will be held on Thursday, January 29.
- The joint meeting of the SEC and CFTC on crypto supervision will also be held on January 29.
- Tom Lee’s BitMine purchased 40,000 ETH and staked 184,960 ETH, bringing the total staked ETH to 2.13 million (~$6.22 billion).
- VanEck’s Avalanche ETF VAVX is now trading on Nasdaq.
- Tether added 27 tons of gold in the 4th quarter, increasing its reserves to $4.4 billion.
- HIP-3 open interest reached a new ATH, rising from $260 million a month ago to $790 million.
- Coinbase has created an independent advisory board focused on quantum computing risks.
