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MARKETS DAILY: Crypto Update | Crypto's Next 'Face Melting Breakout'

Apr 24, 2025
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INSIGHT

Bitcoin's Breakout Pattern Potential

  • Bitcoin shows signs of a potential explosive breakout if it breaks past $95-$96 and then cools off.
  • A sustained breakout could trigger strong reactions in Ethereum, Solana, and other Layer 1 and Layer 2 tokens.
INSIGHT

Bitcoin's Tight Range Explained

  • Bitcoin's tight range was driven by seller exhaustion balanced by spot purchases from sovereigns and funds.
  • Gold's fractal pattern historically leads Bitcoin's, reflecting Bitcoin as a trustable alternative asset amid dollar weakness.
ADVICE

Bitcoin Price Targets To Watch

  • Look for Bitcoin surpassing about $97, then a pullback above $85 to confirm strength.
  • After this, higher targets like $127-$130 become reachable within 60 to 90 days.
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