As long as the cryptocurrency market capitalization stays at $3 trillion, we are witnessing a unique phase of 'calm before the storm'. Bitcoin is trading around $87,900, but institutions continue to accumulate assets despite the lack of sharp demand for ETFs in recent days.
Here are 3 scenarios that will determine your profit in the coming weeks:
1. Bitcoin dominance (60%) 🟠
BTC is stuck in a narrow range. Breaking $90,000 will trigger a short squeeze that could catapult the price to the coveted target of $100k+. If you are not yet in position, watch the volumes on bounces from the $86,000 level.
2. Breakthrough of BNB and the ecosystem 🟡
BNB confidently holds above $900. Considering regular burnings and the increase in activity in the BNB Chain, the psychological mark of $1,000 is just a matter of time. This is a base for any conservative portfolio.
3. Alt season or trap? 🟣
Solana (SOL) shows strength, outperforming Ethereum in transaction activity. Also, take a look at SUI and XRP, which are demonstrating abnormal buying volumes against the backdrop of new regulatory news from the US Senate.
💡 My strategy for today: I am holding long positions on top altcoins, but keeping 20% in stablecoins for purchases in case of a technical correction. The RSI in the overbought zone hints that caution may be wise.
💬 What do you think? Will we see $100k for BTC in February or will the market go into a deep correction? Share your forecasts in the comments! 👇