Price Analysis

Bitcoin’s price showed resilience after a minor dip, with buyers defending the $86,000 level. The market is now focused on the upcoming US PCE inflation data for further direction.

Analyst James Check warns that Bitcoin’s price could fall to $70,000 as a wave of liquidations creates a snowball effect, amplifying the current downtrend.

Bitcoin is currently in a consolidation phase, with market uncertainty prevailing. Analyst Sjuul Follings suggests the coming weeks are crucial, noting key support and resistance levels that will determine whether the bull market resumes or the decline intensifies.

BitMine Immersion Technologies has purchased an additional €170 million worth of Ethereum, solidifying its position as the largest corporate holder with 3% of the total supply. While the price saw a short-term bump, analysts remain divided on ETH’s near-term trajectory.

As Bitcoin’s price recovers above $87,000, analysts are divided. While some see short-term bullish signals pointing towards a potential rally to $110,000, the looming ‘death cross’ technical pattern warns of further downside, making this a critical juncture for the market.

Particle Network (PARTI) has surged 98% this week, becoming one of the most traded coins in the Netherlands, with analysts predicting further upside potential.

Dogecoin’s price surged by 5% following the launch of the Grayscale Dogecoin Trust ETF. The memecoin broke through key resistance levels, leading analysts to speculate if this marks the start of a new bullish phase.

Bitcoin is attempting a recovery towards the $90,000 mark after recent heavy losses, but while selling pressure eases, derivatives traders are largely betting on further declines.

Analyst Kaleo suggests the market is bottoming out, drawing parallels to the 2020 Covid-era crash. He anticipates a potential ‘Santa Rally’ for Bitcoin and stocks if the pattern repeats.

Hedera (HBAR) shows mixed signals with recent ETF support and ISO 20022 alignment, but faces a declining price trend and shrinking ecosystem.