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
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