As Bitcoin (BTC) hovers around $103,000, market analysts are buzzing with predictions about its next major move. Egrag Crypto, a well-known analyst, has set a bold target of $175,000, citing historical EMA breakouts and a 10X extension from Bitcoin's 2017 peak. Historical data supports this optimism, showing that past rallies have delivered gains of 60%-170% after closing above the 21-week EMA. Meanwhile, market tension is palpable, with a CME gap at $91,970 acting as a potential pivot point. Current volatility compression suggests an imminent breakout or fakeout, keeping traders on edge. With Bitcoin's price action under intense scrutiny, the crypto community awaits the next big move in this high-stakes market.
Bitcoin to $175K? Analyst Says Moon Mission Is ‘Solid as a Rock!’
Bitcoin (BTC) hovers NEAR $103,000 as analysts debate its next move. Egrag Crypto, known for his XRP commentary, asserts a $175,000 target is inevitable, citing historical EMA breakouts and a 10X extension from 2017’s peak. Past rallies show 60%-170% gains after closing above the 21-week EMA.
Market tension builds with a CME gap at $91,970—a potential pivot point. Volatility compression suggests either a breakout or a fakeout. The bull case hinges on technical patterns, while skeptics eye the gap’s gravitational pull.
Bitcoin Prepares For Volatility As Key Moving Averages Converge
Bitcoin holds steady above $103,000 as bulls defend key support levels. The cryptocurrency faces a decisive moment, with analysts anticipating a breakout or breakdown. A push above $105,000 could spark a rally toward new highs, while failure to hold support may invite bearish pressure.
Technical analysis suggests impending volatility, with the 4-hour chart nearing a resolution of its current channel. Market sentiment remains cautiously optimistic, though traders watch for signs of exhaustion in the recent uptrend.
Solv Protocol Launches $SolvBTC.AVAX, Bitcoin’s First RWA Yield Product
Solv Protocol has partnered with Balancer, LFJ, Eule, Elixir, and Avalanche to launch $SolvBTC.AVAX—the first institutional-grade Real-World Asset (RWA) yield product for Bitcoin. The offering taps into $4 billion in assets from BlackRock's BUIDL and Hamilton Lane's SCOPE, marking a pivotal moment for Bitcoin's integration into traditional finance.
The collaboration leverages Avalanche's infrastructure and Elixir's expertise to bring scalable, yield-bearing opportunities to BTC holders. "We're institutionalizing bitcoin finance," Solv Protocol declared in a social media announcement, underscoring the product's potential to bridge crypto and legacy markets.
Bitcoin Stalls Below Record High as Equities Outperform
Bitcoin's bullish momentum is showing signs of fatigue as the cryptocurrency consolidates just below its all-time high. The lack of decisive upward movement has traders questioning whether BTC can break into price discovery or face a deeper retracement.
Initially benefiting from geopolitical tensions, Bitcoin's rally outpaced traditional markets. But as equities regained their footing amid easing trade uncertainty, the digital asset lost its relative strength. Analyst Daan notes this divergence, with stocks continuing their climb while BTC remains range-bound.
The current technical setup presents a critical juncture for Bitcoin. Resistance looms overhead, while weakening buying pressure suggests potential vulnerability to a pullback. Market participants are closely monitoring for either a decisive breakout or confirmation of downside momentum.
Bitcoin Mining Stocks: On-Chain Data Reveals Potential Mispricing
CryptoQuant's new framework tracks public Bitcoin miners' blockchain activity to assess valuation gaps. Marathon Digital, Riot Blockchain, and Core Scientific are among companies monitored through real-time revenue metrics derived from on-chain data rather than traditional disclosures.
The analytics platform identifies undervalued or overvalued mining stocks by analyzing BTC production at wallet addresses. This approach bypasses corporate reporting delays, offering investors unfiltered insight into operational performance.
Bitcoin's Price Stability Tied to Steady Stablecoin Reserves Amid Retail Hesitation
Bitcoin's recent price action remains closely linked to stablecoin reserves, which have shown no significant inflows despite the cryptocurrency breaching the $100,000 mark. Analysts note that retail investors continue to exhibit caution, with stablecoin reserves on Binance fluctuating narrowly between $30 billion and $34 billion.
Tether, the leading stablecoin with a market capitalization exceeding $150 billion, has seen only $1 billion in inflows—a stark contrast to the $6 billion surge during last year's "Trump pump." This subdued activity suggests a lack of retail enthusiasm for risk assets at current levels.
