Bitcoin, Ethereum, Dogecoin Retain Gains: Popular Analyst Predicts King Crypto Could Hit A New All-Time High If It Breaks This Price Target
Portfolio Pulse from Aniket Verma
Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin retained their gains as investors anticipate a prolonged relief rally. Bitcoin broke $66,000 for the first time in a month, with analysts predicting further gains if it surpasses $65,000 and $66,250. Ethereum also breached $3,500, a level last seen on July 1. The global cryptocurrency market is up 1.11% in the last 24 hours, now standing at $2.4 trillion.
July 17, 2024 | 2:19 am
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POSITIVE IMPACT
Bitcoin broke $66,000 for the first time in a month and has rallied 22% since its low of $54,000. Analysts predict further gains if it surpasses $65,000 and $66,250.
Bitcoin's recent price action and analyst predictions indicate a strong bullish sentiment. Breaking key resistance levels could lead to new all-time highs.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dogecoin retained its gains, rising 1.35% to $0.127. The overall positive sentiment in the cryptocurrency market could support further price increases.
Dogecoin's price increase is supported by the overall bullish sentiment in the cryptocurrency market, indicating potential for further gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Ethereum breached $3,500 during overnight hours Tuesday, a level last seen on July 1. The overall bullish sentiment in the cryptocurrency market could drive further gains.
Ethereum's price movement above $3,500 aligns with the overall bullish trend in the cryptocurrency market, suggesting potential for further gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80