Crypto market update ✍️
Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin broke the previous high again and now trading above 93k. If BTC breaks this resistance and crosses $94,000, it could aim for the psychological level of $100,000, with a potential end-of-year target of $122,000. Key support lies at $86,000-$87,000. A breakout in the ascending triangle pattern suggests further bullish momentum, but I advise caution in case of volatility. Alongside BTC, observing altcoins is crucial, as they tend to follow BTC’s trajectory.
Ether is still looking good unless and until it breaks down below 3k level. Weekly chart is showing good potential to pump 4k level. Let's see what happens in upcoming days. Bitcoin dominance is also rising which indicates thag money is now only flowing into bitcoin that's why bitcoin is pumping continuously from last two weeks. Meme coins like PEPE, BOBO, BOB & SHIBA INU are also worth watching. PEPE shows potential for a significant breakout with targets ranging from 50% to 100% gains from its current price. All these coins can give you 50% to 2x returns in short term. I am holding them since 2023 and really liked the way these performed. I just want to say that, we have to wait for bitcoin dominance to dump to 40% after that altseason will peak. Hold onto your coins, don't sell them cheap. That's it for today. Thanks & have a good day!!