BitMine and Strategy announced new cryptocurrency purchases. BTC Even though it found buyers above $ 81 thousand, altcoins are relatively calm as ETH cannot exceed $ 2,400. So where will the next move be in cryptocurrencies? Where will BTC take the markets? Is it the right time to buy TON Coin, which has been bleeding for a long time?
Bitcoin (BTC)
The last offer presented to Iran did not receive a positive response, and despite this, the indefinite ceasefire declared by Trump continues. As the process drags on, the oil price is at triple-digit levels and this week the markets will face the reality of inflation. While PPI is expected to approach 4%, there are concerns that producer costs will continue to increase every day due to energy inflation.
trump and Xi will meet and we will also see important news from the China front this week. Alright in Bitcoin What’s the latest situation? The analyst, nicknamed Jelle, says that even though the bear market is over, Bitcoin will provide new buying opportunities.
“My plan for BTC remains unchanged. Even if a bear market bottom occurs, Bitcoin usually offers a few solid entry opportunities before it really starts to take off. I’m not convinced the bottom is in sight yet – but if it is, there will be signs of it at the next higher bottom.”
Let’s be patient until then. “
On-Chain Mind says in today’s report that long-term investors are not making aggressive profit taking despite the recent rise. This is important because if long-termers’ selling accelerated, this would indicate that bear markets could result in a deeper bottom.
“Long-term investors are not aggressively taking profits on this rise in Bitcoin. This is an important point.
If long-term investors were heavily selling their holdings at this point, I would be much more cautious. However, so far profit realization remains limited. “Investors with strong holdings are not using this move as large-scale exit liquidity… for now.”
TON Coin
Sherpa is one of your favorite altcoins today TON Coin took over. He says that these days do not make sense for entry for TON Coin, which has been in decline for a long time, as the reaction has been weak and the region has been tested many times.
“I’ve been watching this level for a while but the reaction is weak + this area has already been tested a few times. Maybe it’s a zone worth trying but I think I’ll try to wait a little longer for around $2.15.”
