Bitcoin (BTC)
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84,716 is trading at $84,700, while altcoins continue to show varying degrees of gains. Ether remains around the $1,800 mark. Some altcoins have achieved double-digit gains over the weekend. Market forecasts have analysts expressing optimistic expectations for the upcoming days. What do these predictions indicate?
Price Predictions for ENA and SEI Coin
Today, Captain Faibik shared updated charts for several altcoins and revealed price targets. The expectations are promising, especially in an environment where setbacks in tariffs have been observed, indicating potential for upward price movements. Historical examples suggest that agreements on tariffs could be reached within two months. The U.S. government appears to be recognizing the limits of its assertiveness, especially with both the 90-day pause and the global freeze on technology tariffs. An analyst shared a chart for SEI Coin and provided the following bullish prediction:
“SEI looks quite solid for a wedge breakout… Medium-Term Target: $0.36” If this target is met, the wedge breakout could present over 100% profit opportunities. ENA Coin has emerged as a favorite among assets in recent market downturns, with analysts predicting long-term gains.
“ENA Coin has bottomed out and is on the verge of a wedge breakout… I am still bullish and holding my position… Medium-Term Target: $0.75”
Bitcoin (BTC) Perspectives
It was suggested that $84,000 would serve as a pivotal point for upward momentum, with a strong test seen at $86,000. However, this movement, perceived as a short-term profit opportunity, ended abruptly due to sudden sales before a larger rally could commence. The unpredictability of Trump and the possibility of new lows weaken confidence in further upward trends. Nonetheless, when the actual upward trend begins (similar to the movements observed following BlackRock’s ETF application), those waiting for dips may find themselves disappointed as new peaks are established. DaanCrypto provided a positive evaluation in their recent analysis.
“BTC looks quite good. It has held at the necessary levels and is shaping up nicely this week. As long as we stay above the ~74K$ peak from 2024, the higher time frame structure looks very promising.”
