Bitcoin (BTC) bulls have somehow managed to shove the price above the $87,000 mark, just as the US decides to slap some tariffs on us. Because, you know, that’s exactly what we need right now. π Experts are whispering sweet nothings about long-term gains, but if history’s taught us anything, it’s that predictions are about as reliable as a weather forecast. π§οΈ
Fidelity’s Zack Wainwright thinks we’re in an “acceleration phase,” whatever that means. He’s hoping for a dramatic rally straight out of a telenovela, aiming for $110,000 as the next pit stop. π’
BitMEX’s Arthur Hayes, who apparently now moonlights as Maelstrom’s chief investment officer, is dreaming big. He’s betting on the Fed to pivot like a ballerina, which could catapult Bitcoin to a jaw-dropping $250,000 by the end of the year. That’s a lot of zeros, folks. πΈ
But can Bitcoin actually leapfrog over the $89,000 hurdle and drag some altcoins along for the ride? Let’s dive into the charts with the enthusiasm of someone who’s just been told they have to attend a family reunion. π
Bitcoin’s Wild Ride
Bitcoin’s inching closer to the resistance line, where it’ll likely face a blockade tougher than getting through airport security with a bottle of water. π¬
The20-day EMA is as flat as my enthusiasm for doing laundry, and the RSI is hovering just above the midpoint, signaling the bears are losing interest faster than I lose interest in a movie without subtitles. If Bitcoin can muscle its way past the resistance line, we might be looking at $95,000 and then $100,000. π
On the flip side, if it takes a nosedive from the resistance line and crashes below $81,000, the bears will be back, looking smugger than someone who’s just found the last parking spot at the mall. Then, we’re possibly tumbling down to $76,606. π
Ethereum‘s Double-Bottom Drama
Ethereum (ETH) is playing hard to get, bouncing off the $1,754 support like a bad date. Bulls are attempting a double-bottom pattern, which sounds more like a new dance move than a trading strategy. π
Bears are ready to rain on this parade at the20-day EMA ($1,965). If the price takes a U-turn from there, we might be staring down the barrel of a drop below $1,574, followed by a nosedive to $1,550. π»
But if ETH can break through the20-day EMA, it’s party time. We could be heading to the breakdown level of $2,111. Pierce that, and we’re looking at completing a double-bottom pattern, aiming for a target objective of $2,468. π
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2025-04-02 20:28