Bitcoin Indicators Flash Bullish: Analyst Predicts Upside

Crypto analyst Jason Pizzino identifies several bullish indicators for Bitcoin, including a breakout above the mid-$90,000 range, canceling previous bearish signals. The US Dollar Index (DXY) has hit a 37-month low, historically correlating with Bitcoin rallies. Additionally, Tether (USDT) dominance is declining, further supporting a potential upward move for BTC. Bitcoin is currently trading at $95,252, up 2.5% in the last 24 hours. Pizzino’s analysis suggests that these factors combined could lead to a significant price surge for Bitcoin in the near term.

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SUI Defies Market Downturn, Hits $3.36 Amid DeFi Boom

SUI’s price surged to $3.36, defying the broader crypto market slump, fueled by strong DeFi growth and capital inflows. The Total Value Locked (TVL) on Sui rose by 10% to $1.46B, while stablecoin market cap increased by 7.77% to $864.87M, led by USDC. DEX volumes spiked 38.50% weekly, hitting $2.77B, signaling heightened user engagement. Analysts suggest a breakout above $3.50 could target $4, though overbought RSI levels hint at potential short-term reversals. Sui’s performance contrasts with some bearish predictions, positioning it as a top blockchain contender amid VanEck’s bullish 350% surge forecast.

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Bitcoin Price Target: Analyst Predicts $130K Peak

In a recent analysis, crypto strategist Jason Pizzino outlined a potential $130,000 peak for Bitcoin this cycle, based on historical $60,000 rallies from key lows. However, he cautions that gains are becoming ‘quite finite’ as BTC’s market cap grows, requiring larger capital inflows to sustain price momentum. Pizzino notes that while early investors may still see significant returns, newcomers face higher risks with slimmer profit margins. Bitcoin’s current price hovers around $84,679, reflecting a slight dip amid broader market uncertainty.

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Ethereum struggles to maintain key support as price nears two-year low

Ethereum’s price has dropped to a two-year low, closing at $2,070, marking a 24.50% decline over the past week. Analysts warn that a close below $2,100 could validate a double-top pattern, potentially leading to further declines towards $1,500, while the cost-basis distribution price sits at $1,890. Investors are showing signs of confidence, accumulating ETH at key demand zones despite the bearish trend.

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Crypto Market Faces Downturn as FTX Payouts Begin and Bitcoin Declines

Bitcoin (BTC) is poised for a prolonged downturn as FTX begins repaying customers, with significant declines expected across the crypto market. Analysts warn that the recent sell-off of Binance’s BTC holdings and rising inflation could exacerbate the situation, potentially driving Bitcoin down to $86k before a major crash. Meanwhile, many FTX creditors, traumatized by their losses, may refrain from reinvesting in cryptocurrencies, further impacting market dynamics.

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Crypto Analyst Predicts Bullish Reversals for Ethereum Solana and XRP

Cryptocurrency analyst Jason Pizzino suggests that Ethereum, Solana, and XRP may be forming bullish reversals following recent market corrections. He anticipates Ethereum could regain $3,000 as support after bouncing from $2,100, while XRP may establish a higher-low pattern after a dip to $1.80. Solana is also expected to reclaim $235 after hitting a panic low of $176, indicating potential reversal points for all three altcoins.

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XRP Price Drops 15 Percent Amid Market Turmoil and Future Predictions

Ripple’s XRP has experienced a significant 15% drop, reaching a two-week low of $2.66 amid a broader market downturn. Analysts suggest that the squeezing Bollinger Bands indicate another major price movement could be imminent, with support levels identified between $2.3 and $2.5. Despite the recent volatility, many remain optimistic about XRP’s long-term potential, citing its recent breakout from a seven-year triangle pattern.

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