Ethereum outpaces Bitcoin in weekly spot trading volume for the first time in over a year, signaling rising market interest in ETH.
ETF inflows, record open interest, and falling exchange reserves point to growing institutional confidence in Ethereum’s long-term outlook.
Ethereum has just made a major move for the first time in over a year, as its weekly spot trading volume outpaced Bitcoin’s. Between July 14 and 20, Ethereum recorded $25.7 billion in spot trades, while Bitcoin followed slightly behind at $24.4 billion. This unexpected flip has sparked fresh speculation: is an altcoin season quietly brewing?
Ethereum vs Bitcoin: Changing Market Dynamics The trading landscape is shifting. Data from the past week shows Ethereum edging ahead of Bitcoin in spot volume, suggesting rising investor interest and market activity in ETH. While Ethereum’s price surged over 26% in the same period, supported by six consecutive green candles, Bitcoin dipped by 1.55%.
Ethereum ETF Inflows Gain Momentum ETF flows further strengthen Ethereum’s momentum. Between July 14 and 18, spot Ethereum ETFs saw inflows of over $2.18 billion, and since July 21, an additional $1.39 billion has poured in. In just one day, the market saw a fresh $231.2 million.
Derivatives Market: High Interest, Rising Liquidations On July 22, Ethereum open interest reached a new all-time high of $28 billion. However, within 24 hours, around $150 million in ETH positions were liquidated, with over $111 million being long bets. This signals some short-term caution as Ethereum’s price dropped 3.87% from its recent peak of $3,860.
So, Is Altcoin Season Here? Despite all the positive signals, we’re not there yet. The Altseason Index has slipped from 62 to 48, showing that while Ethereum is gaining traction, the broader altcoin market hasn’t caught up.
Ethereum is undeniably gaining ground with strong ETF flows, rising open interest, and declining exchange reserves. While these are classic signs that could precede an altcoin rally, we’re still in the waiting phase. #Write2Earn $ETH $BTC
When dealing with crypto (cryptocurrencies) and P2P (peer-to-peer) transactions, there are several important things to be careful about to protect your assets, identity, and avoid scams. Here's a breakdown of the key precautions:
🔐 General Crypto Safety 1. Use Trusted Wallets and Exchanges Stick to reputable platforms (e.g., Binance, Coinbase, Kraken). Avoid downloading wallets from unofficial sources.
2. Secure Your Private Keys & Seed Phrases Never share your private keys or seed phrase. Store them offline in a secure location (e.g., hardware wallet, paper backup).
3. Enable Two-Factor Authentication (2FA) Always use 2FA (preferably with apps like Authy or Google Authenticator). Avoid using SMS-based 2FA due to SIM-swap risks.
4. Beware of Phishing Always double-check URLs of crypto platforms. Don’t click suspicious links or open unknown email attachments.
5. Use Cold Storage for Long-Term Holdings Store large amounts of crypto in hardware wallets (Ledger, Trezor). Keep only trading funds on exchanges.
6. Keep Software Updated Ensure wallets, apps, and antivirus are up to date. Updates often include security patches.
🤝 P2P (Peer-to-Peer) Trading Safety 1. Use Escrow Services Only use P2P platforms with built-in escrow (e.g., Binance P2P, Paxful, LocalBitcoins). Escrow ensures funds are held until both parties fulfill the deal.
2. Confirm Payments Before Releasing Crypto Always verify receipt of payment (not just a screenshot) before releasing funds. Be cautious of reversed or fake bank transfers.
3. Avoid Off-Platform Communication Keep all communications within the P2P platform. Off-platform deals are riskier and often not protected by platform policies.
4. Watch Out for Chargebacks Use payment methods that are harder to reverse (e.g., cash deposits). Be extra cautious with PayPal, Venmo, and credit cards.
5. Trade During Bank Hours Avoid trading when banks are closed to prevent payment delays.
6. Check Trader Reputation & Reviews Always look at the trader’s ratings, completed trades, and reviews. #Write2Earn $BTC $XRP
-Major updates for the 3 crypto bills -XRP surpasses $185B for the first time -U.S. accused of dumping BTC holdings -ETH forms golden cross -Canary files for staked INJ ETF -Valour launches staked HBAR ETF! $BTC $XRP $ETH
Whales Buy 700B Shiba Inu As Shibarium TVL Reclaims $2M; Is $0.000030 Next? Shiba inu price eyes a massive rally to $0.000030 amid a double bottom chart pattern, whale accumulation and Shibarium network growth. Shiba Inu price is targeting a rally to $0.000030 as it continues trading within a double-bottom pattern. Whales are accumulating after they bought 700 billion SHIB tokens in the last two days. Shibarium network activity is also rising after reclaiming $2 million. Shiba Inu price is on a rally today, July 10, having gained by 7.55% in the last 24 hours to trade at $0.0000134 at the time of writing. Following this upsurge, SHIB price reached the highest level in one month at the same time that a bullish pattern, whale buying, and rising network activity suggested that a move towards $0.000030 might occur. Bullish Pattern May Take Shiba Inu Price to $0.000030 For several weeks now, This pattern emerged as the Shiba Inu price created a strong support level at $0.000010. In the last 18 months, this level has also doubled up as a demand zone as buyers find it to be a favorable entry point that precedes a massive rally to the upside.
Whenever a double bottom pattern forms, the first target is the neckline resistance that the price tested before the rally was rejected. In the case of SHIB, this resistance lies at $0.0000176, where the meme token faced rejection in mid-May, following a brief rally.
If the ongoing crypto market rally holds as altcoins continue to track Bitcoin, Shiba Inu price could get to $0.0000176, in which case it will have risen by 71% from the double-bottom support.
Making a strong close above this neckline resistance level will create room for the SHIB price to rally to the target of the double bottom pattern that sits at $0.000030.
In summary, today’s gains in SHIB price indicate that a 71% rally to $0.000030 might happen soon because of the appearance of a double bottom pattern. If whales continue to buy more Shiba Inu coins now, #Write2Earn $SHIB $BTC $XRP
XRP Eyes $3 Breakout Amid Rising BlackRock ETF Speculation XRP price surges as speculation grows over a potential BlackRock spot ETF filing, pushing the token toward a $3 breakout. Analysts are projecting XRP could rise much higher. XRP price surges as rumors intensify that BlackRock may soon file for a spot XRP ETF. Analysts predict that once approved, XRP ETFs could draw billions in the first year, significantly boosting XRP’s price. XRP gained 6.1% today after a 4.83% rally yesterday, surpassing the total crypto market’s 4.53% rise to $3.57 trillion XRP could be set for a breakout above the $3 mark as speculation that BlackRock may soon file for an XRP-spot ETF rises. Experts believe this could lead to increased interest from major investors, potentially driving new adoptions that could alter XRP’s trajectory. XRP Price Jumps on Hopes for BlackRock ETF Approval The XRP price has recorded spectacular gains as speculation over a BlackRock-backed XRP ETF intensified, suggesting bullish momentum. This also aligns with the meeting between the SEC and Ripple regarding the dismissal of the company’s cross-appeal, ultimately bringing the lawsuit to a close.
“BlackRock $XRP and SOL ETF filings could happen anytime soon. XRP holders, get ready for a big bang!”
Notably, JPMorgan analysts predict that spot XRP exchange-traded funds (ETFs) might be approved later this year. They estimate these ETFs could attract up to $8 billion in funding within the first year. If this happens, it could greatly increase the price of XRP as money moves from larger assets into alternatives. XRP Eyes $3 Next, Analyst Projects $9 As Possibility The XRP price has surged by 6.1% in the early hours of today, after a 4.83% rally the previous day. This performance outpaced the broader crypto market’s 4.53% gain, raising the total crypto market cap to $3.56 trillion.
Experts note that if the XRP price rises above $2.56, $3 could be the next big target. Crypto analyst Javon Marks shared a post stating that the token could be on track to surge as high as $9.631, #Write2Earn $XRP
XRP Eyes Breakout Above $2.36: XRP trades at $2.42, testing key resistance. A breakout could push price toward $2.60 if support holds.
Whales Show Confidence Despite Low Volume: XRP hits 7-week high as major holders accumulate, but experts warn of low volume risks.
XRP has gained more than 5% in the last 24 hours and is currently trading around $2.42. This upward move has brought the token back to a critical resistance zone between $2.31 and $2.36, an area where the price has struggled multiple times in recent weeks.
XRP Tests Key Resistance at $2.36 If XRP manages a daily candle close above $2.36, it could trigger a fresh rally towards the next resistance levels at $2.44–$2.45. Beyond that, the next key target would be around $2.61–$2.62, which marks a local high reached in mid-May. A confirmed breakout above $2.36, especially if the price holds this level as new support, would be a strong bullish signal.
However, on the shorter time frame, XRP appears to be forming a rising wedge pattern, which is typically seen as a bearish sign. This pattern will only be confirmed if the price drops below $2.27. If that happens, XRP could pull back to short-term support zones at $2.21 and $2.17.
In short, if XRP breaks above $2.36, bulls could take control and push towards $2.60. But if the price slips below $2.27, a temporary pullback might follow. Whales Accumulate Amid Low Volume Risks An expert said that while XRP’s price is rising, traders should be careful because global trading volumes are still low. They warned this move could be part of a pump-and-dump setup. Real, strong price moves usually happen when trading volumes cross $10 billion, like when XRP previously jumped from $0.58 to over $2.
Santiment reported that XRP’s price has hit a 7-week high, rising above $2.39 for the first time since May 23rd. Right now, there are 2,742 wallets with over 1 million XRP, just one less than yesterday’s record of 2,743 wallets. These big holders now control 47.32 billion XRP, showing they still have strong confidence in XRP’s future. #Write2Earn $XRP $BTC
Bitcoin Nears All-Time Highs: BTC trades above $112K amid Fed rate cut optimism, weak dollar, and $465M in short liquidations. Analysts eye $120K next.
Altcoins and Institutions Join the Rally: Stellar, Lido, and memecoins surge alongside rising institutional inflows and upcoming U.S. crypto legislation.
The crypto market is on fire today, with Bitcoin pushing back toward its all-time highs and altcoins joining the rally. BTC is currently trading around $112,152, holding just below its previous peak from May. This upswing is largely driven by a mix of macroeconomic optimism, strong trading activity, and growing institutional interest. Bitcoin Hovers Near ATH Amid Weak Dollar and Fed Optimism Bitcoin’s surge comes as investor sentiment improves in response to a weakening U.S. dollar and postponed trade tariffs. Expectations of Federal Reserve rate cuts later this year have also lifted risk appetite across financial markets. As investors turn to alternative assets, Bitcoin is benefiting from this increased confidence. Meanwhile, following a successful retest around $104,400, analyst Rekt Capital confirmed the downtrend is over, with targets now set at $120K and beyond. Adding to the bullish mood, Santiment noted that retail FUD has historically signaled breakout moments, with smart money typically buying into the fear. Today’s pattern reflects that trend, pointing to further upside as BTC trades solidly above $112K.
Altcoins Join the Rally The bullish momentum isn’t limited to Bitcoin. Several altcoins are rallying, led by Stellar (XLM), which jumped 11.7% amid renewed interest in its cross-border payments use case. Lido DAO (LDO) gained 11.1% as demand for liquid staking solutions grew. Memecoins are also seeing action, Dogwifhat (WIF) and Pepe (PEPE) both surged nearly 11%, showing speculative interest remains strong.
Ripple’s XRP rose over 5%, while Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) all climbed 4–6%, backed by increased trading volumes and broader market optimism. #Write2Earn $BTC $XRP
Bitcoin just surged past $113,390, setting a new all-time high for the second day in a row! The rally comes after President Trump renewed calls for the Federal Reserve to cut interest rates, saying the markets are booming and inflation is under control.
Trump’s post on Truth Social called out the Fed, demanding a rate drop and highlighting crypto’s massive momentum.
💬 “Tech stocks, crypto, and the NASDAQ are all hitting record highs!” 🇺🇸 “The USA should be at the top of the list. No inflation!!!”
Meanwhile, analysts say Bitcoin’s breakout is being driven by strong ETF inflows, institutional interest, and speculation around upcoming Fed policy decisions.
📊 Ethereum and Solana also saw gains today, with ETH up nearly 5% and SOL climbing 2%.
A viral XRP analysis done by crypto analyst and XRP enthusiast XRPunkie hints at the possibility of XRP price recreating its 600% rally. Which is a part of a meteoric Wave 3 Elliot structure. The thesis highlights that the altcoin could zoom past its highs to target the $13-$15 range.
This theory has gained the attention of the community, amidst the recent bullish developments. Seems to good to be true? Is this prediction backed by facts, or speculation driven by hopes? Who Made This Claim? The theory is shared by XRPunkie, describing a chart projecting a 600% surge for XRP in the next bullish wave. The post as seen above highlights an Elliott Wave count suggesting XRP could mirror its previous +600% rally which was seen between Nov 2024 and Jan 2025. To reach its new all-time high between $13 and $15 in Wave III.
Coinpedia’s Key Findings and Counter-Evidence 1. Elliott Wave Is Pattern-Based, Not an Evidence of Proof? The Elliott Wave framework is widely acknowledged but also subjective. While Wave 3 is generally the strongest, successful execution depends on the correct wave count and ideal market conditions. Many analysts debate XRP’s current wave positioning.
2. XRP Faces Roadblock Near $2.35 Technical indicators show that XRP is testing resistance near $2.35, with the Bollinger Band upper bound and RSI at 56.73, nearing its overbought territory. We believe that this short-term upside may be limited unless backed by a high-volume breakout. Active addresses on the 90 day time frame and exchange outflows show a modest uptick, suggesting accumulation but not a full-blown demand surge. Volume rose 76.73% in 24 hours, which is positive but not unprecedented. Conclusion The theory that XRP could hit $13–$15 based on Wave 3 projections is plausible but highly speculative.
We would suggest investors to watch for a breakout above $2.50 with rising volume and signs of altcoin dominance before considering this theory for purchases. #Write2Earn $XRP $WCT
Bitcoin hits a record weekly close at $109,200, signaling strong bullish momentum ahead of key $112K resistance.
Crypto markets eye U.S. Congress’ Crypto Week on July 14, as BTC eyes breakout and institutions await regulatory clarity.
Bitcoin just made history by closing the week at $109,200, its highest weekly close ever. This is a strong sign that the bull market is still going strong, despite recent ups and downs in the crypto market.
For months, some experts predicted the market was heading for a long downturn. But the charts and market signals continued to show strength. Important support levels held firm, large investors kept buying, and overall market liquidity kept rising.
What’s Happening Now? At the moment, Bitcoin is trading around $109,428. The market has been moving sideways for the past few days, with Bitcoin bouncing between important price zones. To start a new upward rally, the price needs to break past $112,000. If that happens, Bitcoin could enter price discovery mode, where new record highs are possible.
The price indicators show there’s still room for growth, and Bitcoin’s momentum remains positive. While the market isn’t likely to jump straight to new highs overnight, a steady climb is expected, followed by periods of correction and consolidation. Key Price Levels to Watch Resistance: $110,000 to $112,000 Support: $103,000 to $105,500 As long as Bitcoin stays above its support levels, the market remains in a healthy position. A break above $112,000 could open the doors to the next big rally.
Why This Matters Now This strong weekly close comes at an important time. The U.S. Congress is preparing for Crypto Week starting July 14, where important crypto laws and market rules will be discussed. These decisions could bring new clarity for crypto markets and attract large amounts of money from investors.
Many expect a possible rally in late July, a dip in August, and another strong move in September or October. #Write2Earn $BTC $WCT
Veteran trader Captain Faibik says XRP rally could double if volume confirms breakout.
XRP forms bullish triangle pattern, breakout above $2.23 could lead toward $4.60.
XRP ETF approval odds hit 95%, boosting optimism and attracting bullish investor attention.
Failure to breakout could trap bulls, with downside support near $2 and $1.74.
Ripple’s XRP could be on the edge of a breakout that no one wants to miss. After holding steady near the $2.20 level, XRP has started to climb again, and some traders believe this might just be the beginning.
Well-known crypto trader Captain Faibik now says XRP could double from here, with a bold price target of $4.60 if this rally picks up speed.
XRP Bullish Triangle Targets $4.60 In his recent tweet post, Captain Faibik shared a clear chart showing XRP stuck inside a big triangle pattern. or months, the price has been bouncing between the top and bottom lines of this triangle, building up pressure for a big move.
Now, according to Faibik, XRP is very close to breaking out, and if buyers push the price above the top line, it could rally fast. XRP recently climbed back above $2.22, following in the footsteps of Bitcoin and Ethereum. It even broke past the $2.23 level, showing strength.
Faibik says the bulls look ready to win this time. If XRP can close strongly above that top line with good trading volume, he sees the next stop around $4.60, a big jump from where XRP is today.
XRP ETF Approval Odds Surge XRP Hopes XRP has always been one of the most talked-about yet tough coins in crypto. Recently, news that Ripple’s lawsuit with the SEC may soon end has boosted hopes for a Spot XRP ETF.
According to prediction platform Polymarket, the chances of approval by the U.S. SEC now stand at an impressive 95%.
Captain Faibik believes this kind of bullish news could give XRP the push it needs to break through its strong resistance level and reach new highs. #Write2Earn #HODLTradingStrategy $XRP
In crypto (and traditional markets), choosing between a spot strategy and a futures strategy depends on your goals, risk appetite, and time horizon. Here’s a breakdown to help you decide:
⚖️ Spot vs. Futures: Core Differences
Feature Spot Trading Futures Trading
Asset Ownership You own the actual asset (e.g., BTC) You trade contracts representing the asset Leverage Typically none or low High leverage (2x–100x possible) Risk Level Lower (no liquidation) Higher (liquidation risk with leverage) Expiration No expiration Yes (unless perpetual futures) Price Tracking Tracks real-time market price May include premium/discount to spot (basis) Use Case Buy-and-hold, transfers, staking Hedging, speculation, shorting
🧠 When to Use Each Strategy
✅ Spot Strategy – Ideal If:
You’re bullish long-term on an asset (e.g., BTC, ETH).
You want to hold, stake, or use the asset.
You're new to crypto and want simpler exposure.
You want lower risk, no margin calls, and no liquidations.
Example: Buy 1 BTC at $60K, hold for months or years. If BTC hits $100K, you profit $40K.
---
⚔️ Futures Strategy – Ideal If:
You want to trade short-term volatility.
You want to hedge your existing spot portfolio.
You’re experienced and comfortable managing risk and leverage.
You want to short (profit from price drops).
Example: Long 5 BTC contracts with 10x leverage at $60K. BTC rises to $66K (+10%), you make ~100% return. But if it drops to $54K (–10%), you can be liquidated.
💡 Key Considerations
Factor Spot Futures
Tax Simplicity Easier to track Complex (realized PnL on rolls) Trading Fees Lower (especially with DEXs) Higher (funding fees, rollover) Regulatory Risk Lower (own the asset) Higher (some futures banned in jurisdictions) Emotional Load Lower Higher (fast decisions, margin risk)
Each new tariff round—from February’s 25% on Canada/Mexico and 10% on China to April’s sweeping 125% tariffs on Chinese goods—triggered major drops in crypto markets. Within a day, crypto market caps plunged ~8%, wiping out roughly $300 billion from total market value .
Heightened correlation with equities
Bitcoin and Ethereum are now reacting more like risk-on assets. When tariffs spook equities, cryptos slump too .
🔧 Specific Channels of Impact
1. Mining Hardware Costs
The 125% tariff on Chinese imports hit ASIC rigs hard, doubling import costs for North American mining operations. Many are shifting equipment assembly to countries like Vietnam to dodge duties .
2. Stablecoins & Cross-Border Flow Dynamics
Trade turbulence increases demand for stablecoins (USDT, USDC) in regions like Latin America and Africa. But U.S. Treasury “priority watch” of Tether could strain liquidity .
3. Investor Sentiment & Volatility
🛠️ Structural Shifts & Long-Term Effects
Regionalized mining growth
Tariffs are pushing mining fleets from North America to Southeast Asia, Central Asia, and Latin America .
Trump’s crypto-friendly EO (Jan 2025) and Strategic Bitcoin Reserve signal a push to position Bitcoin as a national asset. But hardware imports remaining expensive may offset the benefit
🔮 What to Watch Going Forward
1. Tariff developments: Pending legal rulings (e.g., court blocks on “Liberation Day” tariffs) and possible intensification around July .
2. Mining relocation: Chinese miners (Bitmain, MicroBT, Canaan) are building U.S. facilities to escape duties .
✅ Summary
Trump’s 2025 tariffs:
Spike crypto volatility and amplify declines alongside equities.
Drive up mining equipment costs, pushing geographic diversification.
Stimulate stablecoin usage and DeFi adoption.
Are counterbalanced by crypto-friendly executive actions—but hardware tariffs could undermine domestic reserve ambitions.
A crypto expert, Jesse from Apex Crypto Consulting, recently discussed the Ripple vs. SEC lawsuit. After spending over 9,000 hours researching Ripple and the global financial system, Jesse shared his thoughts and said the lawsuit might not be what it seems.
According to Jesse, the legal battle between Ripple and the SEC is more like a carefully planned show. He feels it’s being used to control XRP’s price and allow Ripple to quietly build strong partnerships around the world.
Jesse explained that in his view, Ripple isn’t just an ordinary crypto company and it is closely connected to powerful global financial groups like central banks and the IMF. In his opinion, Ripple’s long-term goal is to make XRP a global reserve currency that can replace traditional payment systems like SWIFT.
He also pointed out that, in history, leaders who tried to change the global money system even slightly faced major consequences. But Ripple continues to grow without anyone stopping them, which makes him believe they might be working alongside the biggest financial powers in the world.
On the lawsuit itself, Jesse claimed it serves multiple purposes. One, he said, is to keep XRP’s price lower for longer, allowing Ripple to strike deals with partners and build a global payments network quietly. He added that there’s evidence Ripple has signed hundreds of NDAs and agreements with financial institutions, which benefit from lower XRP prices until a possible future price surge.
However, Jesse made it clear that these are his personal opinions based on years of research.
Where the Lawsuit Stands Now At the moment, the Ripple vs. SEC case is in its final stage. Both sides are waiting for the court to decide on penalties and other final details. Recently, Ripple CEO Brad Garlinghouse announced that the company is dropping its cross-appeal, which could help speed up the end of this long-running case. #Write2Earn #OneBigBeautifulBIII
XRP Price Nears 50% Surge as XXRP ETF Nears $160M Milestone Explore why the XRP price is about to go vertical and hit the highest point in January as the XXRP ETF inflows rise. XRP price has formed a bullish pattern pointing to an eventual rebound. A bullish breakout will likely push it to the resistance point at $3.4. The coin will be boosted by the ongoing XXRP ETF inflows. XRP price trades at $2.2378 today, July 4, down by less than 1% from a day earlier. While it has remained in this range over the past few weeks, several converging factors suggest that a 50% surge is possible.
Ripple price has formed a symmetrical triangle pattern, RLUSD market cap is growing, and the Teucrium Leveraged XRP ETF is gaining traction among investors. XRP Price Technical Analysis Signals a Surge is Coming The ongoing XRP price consolidation could be the calm before the storm, leading to an eventual surge, which may occur soon. It has formed a symmetrical triangle pattern in the past few months, with the spread between the two lines narrowing.
The triangle pattern often leads to a bullish or a bearish breakout when the two lines are about to converge. One way to predict the breakout side is to look at the original trend since the breakout normally in that direction.
In this case, the triangle pattern formed after the Ripple price jumped by nearly 500% in November last year. As such, since this is a bullish pennant pattern, there are odds that it will have a bullish breakout in the upper side.
In this case, the potential price target will be the year-to-date high of $3.4, which is about 50% above the current level. A jump above that target price will point to more gains, potentially to the psychological point at $5.
The XRP price has formed a symmetrical triangle pattern and is showing signs of a potential breakout. In addition to the XXRP ETF inflows, the other catalysts that may move its price are the growing RLUSD market cap, which is nearing $500 million, and the increased integration by companies. #Write2Earn $XRP $WCT
Bitcoin Price Targets All Time Highs As US Dollar Index Falls to Lowest Level in 3 Years Bitcoin price nears a rally to ATH as the dollar index drops below 97 to the lowest level in 3 years amid concerns about the US economy. Bitcoin price eyes a strong rally to the upside as the US dollar index drops. The dollar index has fallen below 97 to a three year low after a strong jobs report diminished hopes of interest rate cuts. An inverse head and shoulders pattern signals that that a 10% move to above $119,000 might be imminent. Bitcoin (BTC) is trading at $108,993 today, July 4, after dropping by 0.74% in the last 24 hours. Despite the recent decline, BTC might be headed for a rally after a decline in the US dollar index (DXY) by 11% this year. The value of the dollar has been dropping due to concerns about the US Federal Reserve leaving interest rates unchanged because of a strong jobs market.
The height of this pattern to the support level of $108,272 indicates that if BTC price continues to close above this level, there is a chance that it may rise by 10% to above $119,000. Going by this bullish Bitcoin price prediction, it is possible that a Bitcoin all-time high forms soon, with the rally coming from the dropping US dollar index.
At the same time, the RSI at 58 is supporting the bullish thesis outlined above, and as long as buyers are more than sellers, the BTC price might overcome the $108,272 resistance. However, even with the bullish outlook seen from the bullish pattern and the RSI, it is important to note that the previous all-time high of $111,970 will act as a strong resistance. Whenever BTC attempts to cross this level, it may face a setback as some traders look to scoop profits.
In summary, Bitcoin price might be heading for more gains after a decline in the US dollar index to the lowest level in three years created optimism about the demand for risk assets. If the inverse head and shoulders pattern on the daily chart plays out, it is possible that BTC will increase by 10% to above $119,000. #Write2Earn $BTC $WCT
Despite rising trading volume and on-chain activity, SEI remains under bearish pressure, failing to reclaim key resistance zones.
A potential short squeeze looms if accumulation continues and leveraged shorts are forced to unwind positions.
SEI, the native token of the Sei blockchain, has recently witnessed a paradoxical market trend: surging trading activity alongside a sharp price drop. This divergence between on-chain growth and market valuation raises critical questions about investor sentiment and future price direction. While network usage increases and derivatives volumes soar, bearish momentum continues to weigh heavily on the token.
Active Address Surge While Price Drops The SEI price has been closely watched in the past few days as the token was among the trending tokens throughout the last few days of June. As a result, the trading activity over the platform began to rise, which positively impacted the token’s value. However, the bears seem to have started to take profit and as a result, the price has remained bearish since the start of the month. The daily active address of SEI has peaked recently, which suggests strong trading activity on the platform. On the other hand, the SEI price has been dropping sharply and hence, this disconnect signals the speculative sentiment in the broader market remains bearish. However, the active addresses are expected to climb next week with the news of the Japanese Financial Services Agency (JFSA) approving the listing of SEI on Japanese exchanges. Therefore, the volatility is expected to climb high but it would be interesting to watch the impact on the price.
SEI Price Prediction: Will it Rise Above $0.5? The rising momentum of the SEI price had positively impacted the token,
Therefore, bearish clouds continue to hover over the Sei price rally, as a drop below the support zone between $0.2683 and $0.2517 could push the token close to $0.21. On the contrary, a rebound could elevate the levels above $0.4, which could open the gates for $0.5. #Write2Earn $SEI $WCT