Bitcoin, Ethereum, XRP, Dogecoin Enter Weekend Strong: ‘Long Dips, $140,000 Is Programmed,’ Trader Says

Cryptocurrency markets are heading into the weekend with bullish momentum, supported by increasing institutional inflows, beneficial regulative signals and rising ETF need.

Significant Stats:

• IntoTheBlock information programs big deal volume increasing by 3.8% and everyday active addresses growing by 1.2%. Deals higher than $100,000 are up from 10,628 to 14,818 in a single day. Exchanges netflows are down by 129.9%.
• Coinglass information reports 250,199 traders were liquidated in the last 24 hr for $1.04 billion.
• CoinBureau mentioned CryptoQuant information stating whale build-up is not decreasing, with crypto whales increasing holdings to around $3.7 billion in the last 1 month.

Significant Advancements:

Leading Gainers:

Trader Notes: Crypto trader Jelle cautions versus going into long positions on Bitcoin at present levels, pointing out the capacity for “scammy rate action” created to trap late entries and phony breakout traders.

Rather, he prompts perseverance, recommending that purchasing the dips stays the smarter technique. Jelle preserves a bullish target of $140,000 for BTC.

ShardiB2 indicate a 1-hour turnaround candle light, showing prospective near-term turbulence.

Stockmoney Lizards concurs, keeping in mind Bitcoin’s strong current pump however caution of a possible short-term shakeout, most likely in the kind of a sharp wick, to eliminate over-leveraged longs before resuming its upward relocation.

On The Other Hand, Kevin Svenson of Blofin highlights Bitcoin’s 4-hour chart following a determined relocation pattern, recommending a prospective pullback to $100,000 for a re-test before pressing towards $114,000.

Last But Not Least, Crypto Yoddha stays strongly bullish, anticipating Bitcoin will capture bears off guard in the coming months. Though he keeps in mind the specific top doubts, his individual target variety sits in between $140,000 and $150,000.

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