The crypto market continues to move upward, with Bitcoin recently crossing $110,000, getting closer to the $111,000 mark. According to experts, if this momentum continues, Bitcoin could soon target $115,000 to $116,000. However, like always, some ups and downs are expected along the way.
Market data confirms that the trend is still bullish. Many who predicted a market crash have gone silent, as current charts and on-chain data show a different picture. While Bitcoin leads the way, several altcoins have also posted gains. Dogecoin rose by 7%, while other major altcoins gained between 2-4%.
One standout is Pi Network’s coin, which jumped 10%, reaching a high of $0.86 before settling around $0.84. The next target for Pi is to cross the $1 mark, a level many supporters are eagerly watching. However, for Pi Coin to hit $1, it should first cross the important resistance level at $0.94.
Even though more Pi coins are being unlocked, the price is still rising. This could be because of various factors: First, a $100 million fund was launched to support Pi projects. Second, many people are choosing to hold their Pi instead of selling.
Experts believe that once Pi Network secures listings on major exchanges, it could see a big rise in price and popularity. On the other hand, Bitcoin is still looking strong on the charts, with indicators like RSI and MACD showing positive momentum.
Although Bitcoin has entered the overbought zone, it hasn’t reached extreme levels yet, meaning there’s still room for growth. If Bitcoin slows down after a while, altcoins like Ethereum, Solana, and XRP might see stronger price movements next. Whales are actively buying more Bitcoin, a good sign for the market’s health.
Experts indicate a bullish trend, with on-chain data supporting continued upward momentum towards $115,000-$116,000 despite expected fluctuations.
Pi Coin aims for $1, needing to overcome $0.94 resistance. Major exchange listings are expected to significantly boost its price and popularity.
Yes, alongside Bitcoin’s rally, Dogecoin jumped 7%, and other major altcoins saw 2-4% gains, indicating broader market strength.
Bitcoin’s current strong momentum and positive indicators suggest continued growth. However, high volatility means investors should research and assess personal risk tolerance.
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