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Crypto

Bitcoin recovers $60,000 but variables remain, key support at $43,000

Bitcoin has regained the $60,000 level, but the market remains divided over whether the recent $59,000 area marked the bottom of the latest correction. Crypto analyst Ali pointed to MVRV price bands, saying historic lows sit near $43,200 and key support levels are around $53,900 and $43,130. Senior market analyst Geoffrey Kendrick said bitcoin bottomed near $59,073 and reiterated year-end targets of $100,000 for bitcoin and $4,000 for ether.

Crypto

XRP 27-dollar scenario hinges on clearing $1.66 then reclaiming $2

XRP has entered a zone where major technical signals overlap, raising the possibility of a move toward the $27 range over the medium to long term, an analysis showed. The scenario requires XRP to break above $1.66, the upper boundary of a falling wedge, and then reclaim $2. Analysts also cited Fibonacci-based targets of $8.48, $13.70, $18.06 and $27.68, while warning a failed breakout could reopen downside levels at $1.21, $0.90 and $0.60.

Crypto

Anthony Pompliano says bitcoin downside limited; has it formed a bottom?

Bitcoin may be nearing the bottom of the current bear market, U.S. investor Anthony Pompliano (앤서니 폼플리아노) said, citing a more limited decline than in past downturns. He said bitcoin has fallen about 50 percent from its record high of $126,198, compared with drops of more than 80 percent in prior bear markets. Analysts also pointed to on-chain indicators and long-term holder selling pressure as factors to watch.