decreased to 62 thousand dollars Bitcoin In the midst of the busy agenda, it started an upward movement from the bottom again. Every upside attempt for over 4 months has been seen as a short selling opportunity and so far investors have been proven right, but double-digit gains in Altcoins suggest that quite a few short positions can be cleared.
Bitcoin (BTC)
Altcoins such as AVAX and LINK continue the day with double-digit gains. BTC experienced a rapid recovery from the bottom and the opening of the stock market with buyers today was supportive. We mentioned that NVIDIA’s earnings report will also have positive reflections. But the risks have not disappeared. Tomorrow there are Iran negotiations and Trump has fired missiles and will fire them.
Efloud BTC Before his rise accelerated, he made the following warning by sharing the chart below;
“As the price continues to consolidate within the range, it has received a solid response from the OTE region, which is in the discount zone of the range.
Once above the EQ zone, the problem area PWO-WO range ($68,300-69,000) will come into play. There is a possibility that this range will act as short-term resistance. Unless a clear breakout from this zone is observed, the price will continue to fluctuate within this range.
Meanwhile, as I have highlighted in previous reports, BTC.D’s rejection from the red box and decline towards the 58.1% level prevented altcoins from falling to a new low. The short-term levels I am currently watching are 58.1% and 58.8%.”
PIPPIN and SOL Coin
Recently, PIPPIN has attracted attention as the earnings leader among the top 100 cryptocurrencies. Ali Martinez shared that the TD Sequential signal indicates the right time to sell. If Martinez is right PIPPIN It may decline to $0.65 and below. The only problem is the increase in appetite seen in Altcoins as BTC turns its direction upward. This could undermine the bearish forecast in the short term.
Martinez SOL Coin He wrote that he expected a return to 87.11 and 90.97 dollars in an environment where 83.44 dollars was broken. Solana achieved the first target with the rise of BTC. It is now targeting $87.11 and may reach this region later if BTC allows it.
US Treasury Secretary Bessent wrote the following at the time the article was being prepared;
“Iran uses financial systems to sell illicit oil, launder money, obtain components for its weapons programs, and support terrorist groups.”
