Bitcoin (BTC) $101,782.3 price It fell below $101 thousand before the US market opened today, but for now it is at $100,700. For the continuation of the rise in cryptocurrencies, $ 103,000 must be regained permanently. Tomorrow’s Fed minutes may cause short-term negativity and many important data will come from the USA throughout the week.
NEAR Coin Review
Despite the decline in BTC price, some altcoins are rushing to their weekly highs. There are only 13 days left until Trump takes office. A larger Trump-backed rally is expected in the first quarter of this year. Alright NEAR Coin Will he be able to benefit from this process?
Altcoin that lost significant blood with the FTX collapse Solana (LEFT) It recovered successfully, although not as quickly. The analyst with the pseudonym Daan Crypto Trades wrote the following while examining the current situation;
“NEAR maintains the Daily 200MA/EMA level. Looks like a big consolidation to me before the next higher time frame rise.
It needs to clear the ~$8 region to clear its way to new all-time highs. “It’s still pretty far off, but I like the higher timeframe chart.”
NEAR Coin If it is successful, it can reach its price above $ 20 again. This means an increase of several times from the current level.
Will Cryptocurrency Rise Continue?
Stock market net inflows support the price decline as it feeds more supply available for sale. However, we see that the rise accelerates in periods when stock exchange BTC inflows are negative. Kyle addressed exactly this in his review today and wrote that it may be time for an upside breakout;
“Binance‘s Netflow SMA14 turned negative (-483) for the first time since December 25, 2024 – a potential bullish signal. With current net flow at -5,407, investors appear to be saving again. Historically, this type of change has been consistent with upward price movements.”
ETH still altcoins It is not at levels that would make us think that we are in a major uptrend phase. In his assessment today, Carl wrote that the ETH price has reached its upward target and that we may see a downward break after lingering in the ascending channel.
This move, which will cause a retest of $ 3,500, will probably not be good for altcoins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
