RSS Daily Crypto Analysis By Capital Street FX

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 RSS Daily Crypto Analysis By Capital Street FX

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Bitcoin Predicted to Reach $225,000.​

KEY HIGHLIGHTS

  • Bitcoin Predicted to Reach $225,000 by 2025
  • XRP Market Cap Exceeds $138 Billion Amid Rally
  • Dogecoin Price Expected to Surpass $11 This Year
  • Ethereum Bulls Aim for Recovery Above $3,500 Level

INTRODUCTION


BlackRock’s spot Bitcoin ETF has seen notable activity, with an outflow of $332.6 million, as reported by Farside Investors. This surpasses the previous record of $188.7 million set on December 24, marking three consecutive trading days of outflows. Despite these withdrawals, BlackRock’s Bitcoin ETF remains a top performer in 2024, showcasing significant inflows and investor interest.

Bitcoin Analysis: A Path to $225,000


A venerable U.S. investment bank, H.C. Wainwright & Co., predicts a substantial upswing for Bitcoin. The institution has revised its year-end 2025 price target from $145,000 to an ambitious $225,000. This projection is based on a blend of historical trends, macroeconomic indicators, and an evolving regulatory landscape.

Moving Averages (Exponential):

  • MA 10: 95,577.2651 | Positive Crossover | Bullish
  • MA 20: 96,297.8300 | Positive Crossover | Bullish
  • MA 50: 93,483.7952 | Positive Crossover | Bullish

Moving Averages (Simple):

  • MA 10: 95,151.5850 | Positive Crossover | Bullish
  • MA 20: 97,496.5445 | Negative Crossover | Bearish
  • MA 50: 96,821.9146 | Negative Crossover | Bearish

Indicators:

  • RSI: 50.3965 | Neutral Zone
  • Stochastic Oscillator: 49.9298 | Neutral Zone

Resistance and Support Levels:

  • R1: 104,116.4308 | R2: 108,119.4959
  • S1: 91,157.3559 | S2: 87,154.2908

Trade Suggestion:

  • Limit Buy: 96,345.6500
  • Take Profit: 108,119.4959
  • Stop Loss: 79,599.9850

XRP Market Cap Surges to $138 Billion


XRP has solidified its position as the third-largest cryptocurrency by market capitalization, surpassing $138 billion. This achievement highlights XRP’s resilience and investor confidence. After consolidating near the $2 mark, XRP climbed above its 50 EMA, signaling a potential shift from bearish to bullish trends. Strong trading volume and robust on-chain activity have played pivotal roles in this rally.

Technical Overview






Moving Averages (Exponential):


  • MA 10: 2.2654 | Positive Crossover | Bullish
  • MA 20: 2.2397 | Positive Crossover | Bullish
  • MA 50: 1.9586 | Positive Crossover | Bullish

Moving Averages (Simple):

  • MA 10: 2.2152 | Positive Crossover | Bullish
  • MA 20: 2.2747 | Positive Crossover | Bullish
  • MA 50: 2.0205 | Positive Crossover | Bullish

Indicators:

  • RSI: 60.2334 | Neutral Zone
  • Stochastic Oscillator: 85.3192 | Neutral Zone

Resistance and Support Levels:

  • R1: 2.6832 | R2: 2.9325
  • S1: 1.8759 | S2: 1.6266

Trade Suggestion:

  • Limit Buy: 2.4125
  • Take Profit: 2.9325
  • Stop Loss: 1.1728

Ethereum Stabilizes Amid Recovery Efforts


READ FULL REPORT AT CAPITAL STREET FX

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