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Bitcoin, Ethereum, XRP, Dogecoin Rally, Trader Predicts Weekend Pullback Before Push To $103,000'
Crypto markets are experiencing strong momentum on Friday, with key assets posting gains.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $98,205.44 | +2.7% |
| Ethereum (CRYPTO: ETH) | $2,744.60 | +3.9% |
| Solana (CRYPTO: SOL) | $202.28 | +5.2% |
| XRP (CRYPTO: XRP) | $2.79 | +13.5% |
| Dogecoin (CRYPTO: DOGE) | $0.2775 | +8% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001688 | +4.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 5.8% and daily active addresses growing by 5.3%. Transactions greater than $100,000 are down from 9,846 to 9,450 in a single day. Exchanges netflows are down by 347%.
- Coinglass data reports 86,832 traders were liquidated in the past 24 hours for $184.85 million.
Notable Developments:
- Robinhood’s January Metrics Shine, But Crypto Notional Trading Volume Hits A Speed Bump Sequentially
- Coinbase CEO Brian Armstrong Wants Congress To Bring Clarity On Whether Tokens Are Securities Or Commodities, Wants Stablecoin Regulation To Drive Crypto Investments
- Brian Armstrong Wants To Handle Growing Volumes Of Memecoins By Adding DEXes Into Coinbase: ‘A Little Bit Like The Early Days Of The Internet’
- Billionaire Peter Thiel-Backed Crypto Startup Plasma Raises $20M To Develop Bitcoin-Based Stablecoin Network
- El Salvador’s Bitcoin President Nayib Bukele Meets Michael Saylor To ‘Accelerate Adoption’
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| OFFICIAL TRUMP (CRYPTO: TRUMP) | $22.56 | +37.2% |
| Dogwifhat (CRYPTO: WIF) | $0.7765 | +28.5% |
| Jupiter (CRYPTO: JUP) | $0.9808 | +17.1% |
Trader Notes: Crypto trader Cold Blooded Shiller explains that two weeks after the largest liquidation event in history, sentiment feels much worse than it is.
Despite short-term turbulence, strong growth and adoption are still expected this year. The path forward remains higher.
Crypto trader CJ predicts a weekend pullback/chop and if the first trouble area of $98,100 is cleared, it can rally to $103,000.
More Crypto Online sees Bitcoin testing resistance in the short-term bearish scenario, with price action tightening within a narrowing range.
The resistance is between $96,705–$97,519, micro support between $95,000–$95,662 and key support at $93,639.
While probabilities remain balanced, the market lacks a clear directional bias. Staying flexible is crucial in this uncertain environment.
Crypto trader EliZ sees Bitcoin in a range for almost two weeks. He predicts a big move soon but cautions to operate only on confirmation as direction is almost impossible.
Read Next:
- ‘Bad Trump To Good Trump’ Means Bitcoin Could Go To $102,500, Standard Chartered Says
Image: Shutterstock
